The Phoenix Companies, Inc.
The Phoenix Companies, Inc. (Phoenix) is an insurance company based in the US. It offers high net worthy clients life insurance and annuity products. These products assist the customers in personal financial and business planning needs. It also offers private placement insurance and annuity structures through Philadelphia Financial Group. It distributes its products through third-party financial professionals and intermediaries, supported by the company`s wholesalers and financial planning specialists. The distributors include State Farm, National Life, Jefferson National, Brokerage General Agencies, National and Regional Broker-Dealers, Advisor Groups, Insurance Companies, Financial Planning Firms, and other distribution sources. The company is headquartered at Hartford in Connecticut, the US.The company reported revenues of (U.S. Dollars) USD 2,008.30 million during the fiscal year ended December 2008, a decrease of 15.17% from 2007. The operating loss of the company was USD 291.30 million during the fiscal year 2008, as against an operating income of USD 138.50 million during 2007. The net loss of the company was USD 726.00 million during the fiscal year 2008, as against a net profit of USD 117.60 million during 2007.
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