Yes, Phoenix Group is an insurance company, most commonly referring to Phoenix Group Holdings plc which is a large UK life insurance and pension company based in London and part of FTSE 100 index. It is one of the largest long-term savings and retirement businesses in the UK with over 280 billion British pounds of assets under administration and serving around 12 million customers. It operates life insurance and pension businesses through brands including Standard Life for new pensions and savings, Phoenix Life for closed book life policies, and SunLife for over 50s life insurance. It was formed through consolidation of closed life insurance funds including Pearl Assurance dating back to 1782, and acquired Standard Life Assurance in 2018 for around 3 billion pounds. It is regulated by UK Financial Conduct Authority and Prudential Regulation Authority and holds financial strength ratings like A+. Its business model focuses on managing existing life and pension policies efficiently and acquiring other closed books. There are also other Phoenix-named insurance companies, such as Phoenix Holdings Ltd in Israel which is a general and life insurer and one of Israel's largest, and Phoenix Life Insurance Company in US which is part of Nassau Financial Group providing life and annuities, so all Phoenix Groups are insurance companies.
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