Phoenix Life Insurance Company (PLIC), the principal operating subsidiary of The Phoenix Companies, Inc. is domiciled in New York and files quarterly and annual statutory financial statements with the New York Department of Financial Services (NYDFS). The company expects that PLIC will file its third quarter 2012 statutory financial statements with the NYDFS on November 9, 2012. These statutory financial statements will be available on Phoenix’s Web site, www.phoenixwm.com, in the Investor Relations section. The following are PLIC’s preliminary statutory results for the third quarter of 2012:
- Statutory net gain from operations was $17.5 million and statutory net income was $16.7 million for the third quarter of 2012.
- Statutory surplus and asset valuation reserve was $944.4 million at September 30, 2012, net of the $54.0 million in dividends paid to the holding company during the first nine months of the year.
- Estimated risk-based capital ratio was 391% at September 30, 2012.