| Business Summary | | The
Phoenix
Companies
provides
wealth
management
products
and
services
to
the
affluent
and
high
net
worth
market,
businesses
and
institutions.
The
Company
offers
a
variety
of
individual
life
insurance
and
annuity
products,
including
universal,
variable
universal,
whole
and
term
life
insurance,
and
a
range
of
variable
annuity
offerings.
Through
its
subsidiary,
PXP,
Phoenix
offers
investment
management
products
and
services
to
both
individuals
and
institutions.
The
Company
offers
a
broad
array
of
equity
and
fixed
income
investment
management
styles.
Products
for
retail
investors
include
managed
accounts
and
open-end
mutual
funds.
The
Company's
institutional
business
consists
of
discretionary
and
non-discretionary
asset
management
services
provided
primarily
to
corporations,
multi-employer
retirement
and
welfare
benefit
funds,
endowments
and
foundations.
Phoenix
also
provides
alternative
financial
products,
including
structured
finance
products
and
closed-end
funds. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNX
is
a
provider
of
wealth
management
products
and
services
offered
through
a
variety
of
select
advisors
and
financial
services
firms.
For
the
six
months
ended
6/30/01,
revenues
decreased
24%
to
$1.19
billion.
Net
loss
from
continuing
operations
totaled
$108.6
million
vs.
an
income
of
$206.6
million.
Revenues
reflect
lower
net
investment
income
due
to
market
depreciation
on
portfolio
stocks.
Net
loss
also
reflects
a
higher
compensation
expense. | More
from
Market Guide: Significant
Developments |
| | | Robert
W. Fiondella,
Chmn./CEO Dona
D. Young,
Pres. David
W. Searfoss,
Exec. VP/CFO Tracy
L. Rich,
Sr. VP/Counsel. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|