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Nassau Reinsurance Group Holdings Completes Acquisition of The Phoenix Companies

NEW YORK & HARTFORD, Conn., June 20, 2016 — Nassau Reinsurance Group Holdings, L.P. (“Nassau Re”) and The Phoenix Companies, Inc. (NYSE:PNX) (“Phoenix” or the “company”) today announced the successful completion of Nassau Re’s previously announced acquisition of Phoenix after receipt of insurance regulatory approvals from the Connecticut Insurance Department and the New York State Department of Financial Services.

June 20, 2016 Alice Ericson Nassau

Nassau Reinsurance Group Holdings, L.P. Receives Regulatory Approvals Required for the Acquisition of The Phoenix Companies, Inc.

HARTFORD, Conn., June 14, 2016 — The Phoenix Companies, Inc. (NYSE:PNX) (“Phoenix” or the “company”) and Nassau Reinsurance Group Holdings, L.P. (“Nassau Re”) today announced that Nassau has received regulatory approval from the New York State Department of Financial Services to acquire Phoenix pursuant to the agreement and plan of merger entered into on September 28, 2015 (the “merger agreement”). Together with the regulatory approval previously received from the Connecticut Insurance Department, Nassau Re now has the required regulatory approvals to close the merger.

June 14, 2016 Alice Ericson Nassau

The Phoenix Companies Reports First Quarter 2016 Results

HARTFORD, Conn., May 10, 2016 — The Phoenix Companies, Inc. (NYSE:PNX) (“Phoenix”) today announced financial results for the first quarter of 2016 and filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 with the U.S. Securities and Exchange Commission (“SEC”).

“First quarter results were driven primarily by unfavorable mortality in the open block. From an operations standpoint, we continued to make progress on reducing expenses, and our pricing and other product changes continued to have a positive effect on capital utilization and profitability,” said James D. Wehr, president and chief executive officer.

May 10, 2016 Alice Ericson Phoenix

Nassau Reinsurance Group Holdings, L.P. Receives Connecticut Insurance Department Approval for the Acquisition of The Phoenix Companies, Inc.

Hartford, Conn., May 6, 2016 – The Phoenix Companies, Inc. (NYSE:PNX) (“Phoenix”) and Nassau Reinsurance Group Holdings, L.P. (“Nassau”) today announced that Nassau has received Connecticut Insurance Department approval for the acquisition of Phoenix pursuant to the agreement and plan of merger entered into on September 28, 2015 (the “merger agreement”).

The transaction is still subject to approval from the New York State Department of Financial Services and the satisfaction of customary closing conditions. Phoenix and Nassau continue to expect the closing to take place in the second quarter of 2016.

May 6, 2016 Alice Ericson Nassau

Survey Finds Vast Majority of Financial Professionals Expect Continued Indexed Annuities Sales Growth in the Next Year

HARTFORD, Conn., April 6, 2016 – According to a recent survey conducted by Saybrus Partners, Inc., a vast majority of financial professionals (83%) expect an increase in indexed annuities sales in the next 12 months. Also, of those polled, more than half (52%) expect sales growth of more than 10% in the next year. The survey polled financial professionals at the 2016 BISA Annual Convention held in Hollywood, Florida, March 17-18, 2016.

April 6, 2016 Alice Ericson Phoenix

Alice Ericson

AliceE

Nassau Reinsurance Group Holdings Completes Acquisition of The Phoenix Companies

Nassau Reinsurance Group Holdings, L.P. Receives Regulatory Approvals Required for the Acquisition of The Phoenix Companies, Inc.

The Phoenix Companies Reports First Quarter 2016 Results

Nassau Reinsurance Group Holdings, L.P. Receives Connecticut Insurance Department Approval for the Acquisition of The Phoenix Companies, Inc.

Survey Finds Vast Majority of Financial Professionals Expect Continued Indexed Annuities Sales Growth in the Next Year

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