Phoenix

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.

Alice EricsonThe Phoenix Companies Reports First Quarter 2016 Results
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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.

Alice EricsonSurvey Finds Vast Majority of Financial Professionals Expect Continued Indexed Annuities Sales Growth in the Next Year
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The Phoenix Companies, Inc. (NYSE:PNX) Reports 4Q15 Results; Files 2015 Form 10-K

Hartford, Conn., March 15, 2016 – The Phoenix Companies, Inc. (NYSE:PNX) today announced fourth quarter and full year 2015 financial results and filed its Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Form 10-K”) with the U.S. Securities and Exchange Commission (“SEC”).

“In 2015, Phoenix repositioned our life companies with an intercompany reinsurance treaty that benefited statutory capital, and we implemented product changes that increased profitability. We also increased our distribution company’s revenue and EBITDA through growth in third-party business. At the same time, we made substantial progress on remediation and reducing financial reporting expenses,” said James D. Wehr, president and chief executive officer.

Alice EricsonThe Phoenix Companies, Inc. (NYSE:PNX) Reports 4Q15 Results; Files 2015 Form 10-K
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The Phoenix Companies, Inc. (NYSE:PNX) Announces Successful Consent Solicitation Relating to 7.45% Quarterly Interest Bonds due 2032 in Connection with Proposed Acquisition by Nassau

Hartford, Conn., March 4, 2016 – The Phoenix Companies, Inc. (“Phoenix” or the “company”) (NYSE:PNX) today announced the successful consent solicitation of bondholders holding its 7.45% Quarterly Interest Bonds due 2032 (CUSIP 71902E 20 8) (NYSE:PFX) to amend the indenture governing the bonds. The consents received represent approximately 70% of the outstanding principal amount.

The approved amendment is in connection with Phoenix’s previously announced agreement to be acquired by Nassau Reinsurance Group Holdings, L.P. and become its privately held, wholly owned subsidiary. Completion of the consent solicitation is not a condition to closing.

Alice EricsonThe Phoenix Companies, Inc. (NYSE:PNX) Announces Successful Consent Solicitation Relating to 7.45% Quarterly Interest Bonds due 2032 in Connection with Proposed Acquisition by Nassau
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The Phoenix Companies Announces Second Extension to Consent Solicitation Relating to 7.45% Quarterly Interest Bonds due 2032; Enters Memorandum of Understanding to Settle Litigation

Hartford, Conn., Feb. 24, 2016 – The Phoenix Companies, Inc. (“Phoenix” or the “company”) (NYSE:PNX) today announced that it has further extended the expiration date of its previously announced solicitation of bondholders holding its 7.45% Quarterly Interest Bonds due 2032 (CUSIP 71902E 20 8) (NYSE:PFX) to amend the indenture governing the bonds.

The company also filed a Current Report on Form 8-K with the Securities and Exchange Commission (“SEC”) disclosing that it has entered into a Memorandum of Understanding regarding the settlement of certain litigation relating to the consent solicitation.

Alice EricsonThe Phoenix Companies Announces Second Extension to Consent Solicitation Relating to 7.45% Quarterly Interest Bonds due 2032; Enters Memorandum of Understanding to Settle Litigation
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