About Phoenix
Who We Are
Founded in 1851, The Phoenix Companies, Inc.
(Phoenix) offers annuities and life insurance designed
to meet income and protection needs of families and
individuals planning for or living in retirement. Our
products are available primarily through independent
agents and financial professionals supported by the
wholesaling team at Saybrus Partners, an affiliate
Nassau Re company.
Phoenix is headquartered in Hartford, Connecticut,
and we have two insurance company operating
subsidiaries, Phoenix Life Insurance Company (PLIC)
and PHL Variable Insurance Company (PHLVIC).
In 2016, Phoenix became a wholly owned subsidiary
of Nassau Re and serves as its U.S. life and annuity
platform. Nassau Re contributed significant new
equity capital that improved Phoenix’s financial
strength and liquidity.
Nassau Re’s mission is to build a franchise across
the insurance value chain. In addition to Phoenix’s
life and annuity products, its capabilities include life
insurance sales and distribution, asset management,
policyholder administration, and onshore and
offshore reinsurance.
What We Do
Phoenix Products
Help Secure Clients’
Financial Futures
PLAN FOR
A SECURE
FUTURE
Phoenix annuities and life insurance product options are
designed to address a range of concerns like providing
predictable and lasting retirement income, preparing for
the high cost of long term care, protecting families in the
event of death, and leaving a legacy when the time comes.
By partnering with Phoenix, financial professionals can
help their clients plan for a financially secure future.
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Annuities: Personal Solutions for Growth, Protection & Flexibility
ADDRESS
NEEDS AND
GOALS
Our suite of fixed indexed annuities offers choices to accommodate different clients’ time horizons,
risk tolerance and protection needs. Designed for individuals who are planning for or living in
retirement, they offer market-based growth1 potential, principal protection and guaranteed lifetime income options.
Financial professionals recommend Phoenix annuities as personalized strategies for their clients to create reliable income
sources for retirement and other essential expenses, such as health care.
PHOENIX PERSONAL
INCOME ANNUITY
PHOENIX PERSONAL
PROTECTION CHOICE
PHOENIX PERSONAL
RETIREMENT CHOICE
Guaranteed lifetime income, tailored
to each client’s time horizon
Options for addressing critical
retirement concerns – income, care
and family protection
Premium bonus to maximize
retirement savings, with optional
guaranteed income2
Life Insurance: Quality Protection for a Range of Needs
Phoenix’s life insurance products include term and permanent coverage for a variety of protection and planning needs, along
with living benefits in case of critical, chronic or terminal illness. Our streamlined underwriting processes emphasize ease of
application and quick decisions. Financial professionals recommend Phoenix life insurance for their clients to help prepare
for the unexpected, protect loved ones, create financial flexibility and build legacies.
PHOENIX SAFE HARBOR
TERM LIFE &
PHOENIX SAFE HARBOR
TERM LIFE EXPRESS 3
Term protection with living benefits for
critical, chronic and terminal illness
PHOENIX
REMEMBRANCE LIFE
PHOENIX SIMPLICITY
INDEX LIFE
Whole life insurance designed for final
expense coverage, with legacy options
and living benefits for critical and
chronic illness
Simplified-issue index universal
life insurance protection with cash
accumulation potential
Product and rider features may have additional costs and restrictions. Please consult the applicable product and rider disclosures for a full description of
benefits and limitations.Guarantees are based on the claims-paying ability of the issuing company.
1.While the value of each indexed account is affected by the value of an outside index, the contract does not directly participate in any stock,
bond or equity investment.
2.The premium bonus and associated earnings are not available for immediate withdrawal.
3.Exclusively available through direct distributors.
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Tools for Learning and Planning
Phoenix understands that clients are seeking more than
just products to help address their needs and goals. Our
quotes and illustrations offer a powerful tool to help
agents and clients plan for a secure financial future. And
our marketing materials go beyond product features with
straightforward language, interactive elements, information
on the financial landscape and best practices for creating a
personalized plan.
KEEPING
Phoenix Metrics At a Glance
OUR PROMISES
SINCE 1851
PHOENIX’S STRENGTH
Total Statutory Assets of $19.1 billion1,6
Total Statutory Reserves and Other Liabilities of
$18.6 billion2,6
Total GAAP Invested Assets
$16.9 Billion As of June 30, 2016
Statutory Surplus & Asset Valuation Reserve
(AVR) of $717.3 million3,6
Bonds
77%
Solvency Ratio of 103.0%4,6
Policy
Loans
14%
PHOENIX’S SIZE
$91.5 billion of Gross Life Insurance in Force5
$5.5 billion of Annuity Funds Under Management
that includes both fixed and variable annuities
sold over our long history6
Limited partnerships &
4%
other investments
Cash & cash equivalents
3%
Available-for-sale equity securities 1%
Fair value investments
<1%
Derivative instruments
<1%
Short-term investments
<1%
Nearly 400,000 life insurance policies and
annuity contracts in force5
Established selling agreements with Independent
Marketing Organizations representing more than
17,700 independent producers5
Phoenix’s investment portfolio is well diversified and liquid
with below investment grade bonds remaining within
the company’s target range of 6-10%, bond impairments
below long-term averages and significant unrealized gains.
1.PLIC $12.5 billion; PHLVIC $6.6 billion; other insurance entities $0.05 billion.
2.PLIC $12.2 billion; PHLVIC $6.4 billion; other insurance entities $0.02 billion.
3.PLIC $501.3 million; PHLVIC $189.4 million; other insurance entities $26.6 million.
4.Total statutory assets divided by total statutory liabilities for all insurance entities.
5.As of December 31, 2015
6.As of June 30, 2016
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A Distinguished Record of Innovation and Industry Firsts
1851
Phoenix is founded by a group of prominent Hartford, Conn., business, religious and civic
leaders as the American Temperance Life Insurance Company.
1860
Home Life Insurance Company is formed in Brooklyn, N.Y. It is the first life insurer authorized
by the newly founded New York Insurance Department to do business in the state.
1865
Phoenix insures President Abraham Lincoln.
1874
Inflation is rampant and more than 100 life insurance companies close their doors, but
Phoenix and Home Life hold fast. When Home Life becomes a target for an unwanted
takeover, its Board takes a creative approach to persuade stockholders not to sell: it pays
them their interest in gold.
1912
Phoenix becomes the first life insurer to use direct mail advertising to obtain sales leads.
1933
Home Life introduces “Planned Estates,” a marketing program that emphasizes
“problems to solve, not prospects to sell.”
1955
Recognizing that women generally live longer than men, Phoenix is the first company to
offer reduced life insurance premium rates for women.
1957
Pioneering a new concept in the insurance industry, Phoenix begins selling group life and
health insurance plans by allowing small businesses to band together by industry to offer
employees benefits usually available only through larger corporations.
1963
Phoenix moves into new corporate headquarters – the world’s first two-sided building – in
Hartford, Conn. The “boat building” will be listed on the National Register of Historic
Places in 2005.
1967
Phoenix is the first to offer discounted premiums on all policies to nonsmokers.
1982
Survivorship or “second-to-die” policies are introduced, paying a benefit upon the death
of the surviving policyholder, which becomes a premier product.
1992
Phoenix and Home Life merge. The new company is called Phoenix Home Life Mutual
Insurance Company.
2001
Phoenix converts from a mutual to a stock company. The new public company is called The
Phoenix Companies, Inc., trading under the symbol PNX.
2009
Phoenix forms a distribution company, Saybrus Partners, Inc., to provide dedicated life
insurance and annuity sales support to partner companies and Phoenix within its own
distribution channels.
2010
Phoenix expands its fixed indexed annuity offerings, solidifying its strategic focus on
products designed for the middle market.
2016
Nassau Re acquires Phoenix and takes the company private. Saybrus Partners also becomes
a subsidiary of Nassau Re.
Insurance and annuities issued by PHL Variable Insurance Company (PHLVIC), Hartford, CT. PHLVIC is not authorized to conduct business
in NY and ME.
www.phoenixwm.com
Member of The Phoenix Companies, Inc.
CO175A ©2016 The Phoenix Companies, Inc.
9-16
BPD39484
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