July 31, 2014 7:35 AM ET

Insurance

Company Overview of Phoenix Life Insurance Company

Company Overview

Phoenix Life Insurance Company offers life insurance and annuity products through affiliated and non affiliated distributors in the United States. The company’s life insurance products include variable universal life, universal life, term life, and other insurance products. Its annuity products comprise variable and deferred annuities that are offered to the affluent and high-net-worth market. The company was formerly known as Phoenix Home Life Mutual Insurance Co. and changed its name June 2001. The company was incorporated in 1851 and is based in Hartford, Connecticut. Phoenix Life Insurance Company operates as a subsidiary of The Phoenix Companies, Inc.

One American Row

Hartford, CT 06102-5056

United States

Founded in 1851

Phone:

800-628-1936

Key Executives for Phoenix Life Insurance Company

Chief Financial Officer and Executive Vice President
Age: 52
Executive Vice President of Product and Operations
Age: 36
Chief Executive Officer of Phoenix National Trust Co
Senior Vice President of New Business
President of PXP Institutional Markets Group Ltd
Compensation as of Fiscal Year 2014.

Phoenix Life Insurance Company Key Developments

Phoenix Life Insurance Company Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Phoenix Life Insurance Company reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported a statutory net gain from operations of $43.8 million and statutory net income of $47.6 million for the quarter ended March 31, 2014.

Phoenix Life Insurance Company (PLIC) Announces Unaudited Statutory Earnings Results for the Year Ended December 31, 2013

Phoenix Life Insurance Company (PLIC) announced unaudited statutory earnings results for the year ended December 31, 2013. PLIC reported a statutory net gain from operations of $79.8 million and a statutory net loss of $21.0 million for the year ended December 31, 2013. PLIC reported net investment income of $643.3 million for the year ended December 31, 2013. PLIC's statutory surplus and asset valuation reserve was $735.2 million at December 31, 2013.

Phoenix Life Insurance Company Provides Dividend Guidance for the Year 2014

Phoenix Life Insurance Company's board of directors voted to maintain the current policy dividend scales as of 1 January 2014, for policies in the closed block of business. The company projects a dividend payment of about USD 174 million in the year 2014 to its participating policyholders. It also maintained that its closed block dividend scale in eight out of the thirteen years since its demutualisation and the cumulative adjustment over that period, is consistent with adjustments to other companies' closed block participating policies.

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