September 30, 2016 5:36 AM ET

Insurance

Company Overview of Phoenix Life Insurance Company

Company Overview

Phoenix Life Insurance Company provides life insurance and annuity products to affluent and middle market consumers. The company offers individual life insurance and retirement planning annuities. It distributes its products through independent agents and financial advisors in the United States. The company was formerly known as Phoenix Home Life Mutual Insurance Company and changed its name to Phoenix Life Insurance Company in June 2001. Phoenix Life Insurance Company was founded in 1851 and is based in Hartford, Connecticut with an additional office in Canton, Massachusetts. The company operates as a subsidiary of The Phoenix Companies Inc.

One American Row

PO Box 5056

Hartford, CT 06102-5056

United States

Founded in 1851

Phone:

860-403-5000

Fax:

860-403-5344

Key Executives for Phoenix Life Insurance Company

Chief Executive Officer, President, and Director
Age: 59
Executive Vice President of Product and Operations
Age: 39
Chief Investment Officer and Executive Vice President
Age: 59
Chief Accounting Officer and Senior Vice President
Age: 52
Chief Administrative Officer and Executive Vice President
Age: 58
Compensation as of Fiscal Year 2016.

Phoenix Life Insurance Company Key Developments

Phoenix Life Insurance Company Reports Earnings Results for the Year Ended December 31, 2015

Phoenix Life Insurance Company reported earnings results for the year ended December 31, 2015. For the year, the company reported statutory net gain from operations of $40.8 million and a statutory net loss of $660.7 million (including the $687.9 million realized loss on the de-stacking) compared with a statutory net gain from operations of $116.2 million and statutory net income of $132.5 million for the year ended December 31, 2014.

Phoenix Life Insurance Company and PHL Variable Insurance Company Execute the Settlement Agreement with the Plaintiffs

The Phoenix Companies Inc. announced that two Phoenix subsidiaries executed a settlement agreement memorializing and formalizing the terms of a settlement announced on May 1, 2015 resolving class actions relating to cost of insurance rate adjustments made on certain policies in 2010 and 2011. Phoenix Life Insurance Company and PHL Variable Insurance Company executed the settlement agreement with the plaintiffs on May 29, 2015. It was filed with the United States District Court for the Southern District of New York and remains subject to court approval.

Phoenix Units to Pay Settlement over 2 Class-Action Lawsuits

Phoenix Cos. Inc. units PHL Variable Insurance Co. and Phoenix Life Insurance Co. will be solely responsible for, and will pay, the settlement obligation to resolve two class-action lawsuits relating to certain cost of insurance rate adjustments in 2010 and 2011.

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