Strength and Stability
Phoenix is headquartered in Hartford, Connecticut, and has two primary 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 has contributed significant new equity capital that improved Phoenix’s financial strength and liquidity.
As of December 31, 2017 and includes the combined results of all insurance entities.
Rapid changes in the global markets and economy pose many challenges for individuals trying to plan for the future on their own. Our investment management team maintains a strong and well-diversified portfolio backing insurance claims and securing reliable retirement income.
$15.9 B Total GAAP Invested Assets
Statutory Reserves &
Statutory Surplus &
Asset Valuation Reserve
As of March 31, 2018 and includes the combined results of all insurance entities.
A.M. Best affirmed its ratings of our life insurance subsidiaries and maintained a stable outlook on March 29, 2018. A.M. Best said it expects a general improvement in our operating performance over the medium-term.
S&P upgraded PLIC’s™ and PHL Variable’s™ ratings to BB on August 25, 2017 and assigned a stable outlook. These actions reflect a favorable view of the progress Phoenix has made on our business and financial plans.
These company ratings apply to Phoenix Life Insurance Company and PHL Variable Insurance Company. In some cases these ratings apply to our other life insurance subsidiaries. Ratings are a third-party measure of an insurer's claims-paying ability. They do not indicate or guarantee any Phoenix Variable Annuity or Phoenix Variable Universal portfolio's credit rating or performance.