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July 06, 2015 10:49 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 to Phoenix Life Insurance Company in 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:

860-403-5000

Fax:

860-403-5344

Key Executives for Phoenix Life Insurance Company

Chief Executive Officer, President and Director
Age: 58
Executive Vice President of Product and Operations
Age: 38
Senior Vice President of New Business, Underwriting & Distribution Administration, Chairman of the WS Griffith Advisors Inc and Chief Executive Officer of WS Griffith Advisors Inc
President of PXP Institutional Markets Group Ltd
Senior Vice President of Retirement Security and President of Private Client Group of Phoenix Investment Partners Ltd
Age: 63
Compensation as of Fiscal Year 2015.

Phoenix Life Insurance Company Key Developments

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.

Phoenix Life Insurance Company Reports Unaudited Statutory Results for the Year Ended December 31, 2014

Phoenix Life Insurance Company reported unaudited statutory results for the year ended December 31, 2014. The company reported a statutory net gain from operations of $116.2 million and statutory net income of $132.5 million for the year ended Dec. 31, 2014, compared with statutory net gain from operations of $79.8 million and a statutory net loss of $21.0 million for the year ended Dec. 31, 2013. The company reported statutory net investment income of $639.1 million for the year ended Dec. 31, 2014, compared with $648.4 million for the year ended Dec. 31, 2013.

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