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The Phoenix Companies, Inc. (PNX) - Financial and Strategic SWOT Analysis Review

The Phoenix Companies, Inc.: New The Phoenix Companies, Inc. company profile published

The Phoenix Companies, Inc. (Phoenix) is a boutique life insurance and annuity company. It offers life insurance and annuity products that assist customers in personal financial and business planning needs. The company also offers professional advisors and their clients a comprehensive selection of life insurance products such as single life insurance, indexed universal life insurance, universal life insurance and variable universal life insurance. It distributes its products through independent agents and financial advisors. Phoenix primarily offers its financial services to the middle market consumers. The company is headquartered in Connecticut, the US.

The company envisages on enhancing its revenues by focusing on four pillars, namely, healthy balance sheet, policyholder service, operational efficiency and profitable growth. In line with the strategy Phoenix strengthened its balance sheet and had more than $100m in cash and securities at the year ended 2011 and 11% increase in statutory surplus. Policyholder service improved as Phoenix simplified the policy administration to meet new business demands. Operational efficiency improved as core expenses reduced and there was an increase in the profitability. The company achieved profitable growth by increasing its market presence, diversifying its sources of revenue and offering well-designed annuity and life insurance products.

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