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On March 15, 2004, Trust
Operations were discontinued in the fourth quarter of 2003. Prior-period results have been restated. On March 11, 2005, the company's fourth-quarter and full-year 2004 net income reflected revised after-tax net gains of $ 40.4 million and $ 41.2 million, respectively, related
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Phoenix pioneered other innovations, including offering reduced life insurance premium rates for women for the first time in 1955 and selling group life and health insurance plans to small businesses in 1957. In 1967, Phoenix is the first insurer to offer discounted premiums to nonsmokers.
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Phoenix and Home Life completed a merger in 1992 to create the
Phoenix Home Life Mutual Insurance Company. At the time of the merger, the combined company would become the 13th-largest mutual life insurance company in the U.S., with assets of nearly $ 11 billion. The combined company was
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advertising. In 1923, Phoenix created the first advertisement to promote the value of life insurance and then in 1926, runs advertisements for its retirement income plan in national magazines, with the tag line, "You don't have to be rich to retire at 55 on $ 200 a month."
50:, was founded. The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders. As the
110:, believed to be the first agent newsletter and in 1906 produced "A Prospectus and Ten Lessons Upon Life Insurance," the first agent training course used by a life insurance company. In 1912, Phoenix became the first life insurance company to use
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began to wane, American
Temperance Life Insurance Company changed its name to Phoenix Mutual Life Insurance Company in 1860, accepting all customers. The company's new name is in reference to the mythological Phoenix, rather than the city.
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356:"The Phoenix Companies, Inc. Files Form 10-K That Includes Revisions to 2003, 2002 and 2001 Net Income; Total Segment Income and 2003 Stockholders' Equity Unchanged"
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headquartered in
Hartford, where Phoenix was based and the bulk of the senior management of the company came from the Phoenix side of the merger.
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under the symbol of PNX. At the same time, Phoenix Home Life Mutual
Insurance Company changed its name to Phoenix Life Insurance Company.
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in New York City, which as one of the world's first steel-framed skyscrapers for a short time was one of the world's tallest buildings.
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In 2001, Phoenix converted from a mutual to a stock company. The company is renamed The
Phoenix Companies, Inc., and listed on the
370:"The Phoenix Companies, Inc. Revises Fourth Quarter and Full-Year 2004 Net Income Upward by $ 5.4 Million; Files Form 10-K Today"
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167:, a privately held company, for $ 217.2 million. The acquisition closed on June 20, 2016 and Phoenix became a private company.
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In the early 20th century, the company pioneered several innovations in the marketing of insurance. In 1901, Phoenix published
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In 2008, Phoenix spun off its asset management subsidiary to shareholders as an independent publicly traded company renamed
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In 1857, an agent from the
Phoenix Companies, Sylvester M. Wait, assigned the name Phoenix, named after the company, to
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The
Phoenix Companies comprises a number of businesses that trace their origins to the mid-19th century.
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Nassau
Reinsurance Group To Buy Phoenix Cos., Take Insurer Private, Keep HQ In Hartford, Companies Say
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Nassau
Reinsurance Group to Acquire The Phoenix Companies, Inc. for $ 37.50 Per Share in Cash
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139:(later renamed Phoenix Investment Partners), which was publicly held for five years.
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subsidiary, Phoenix Securities Group, with Duff & Phelps, forming
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Conning To Manage $ 8 Billion In Phoenix Accounts, Acquire Subsidiary
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In 2011, Phoenix sold its Goodwin Capital Advisers subsidiary to
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In September 2015, Phoenix announced it was being acquired by
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In 1851, the oldest predecessor of The Phoenix Companies, The
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Companies formerly listed on the New York Stock Exchange
329:; Postal, Matthew A. (2009). Postal, Matthew A. (ed.).
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at 256-57 Broadway, built in 1892–94 and designed by
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to Phoenix's 16.5 percent equity stake in Aberdeen.
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174:The top of the 16-story steel-framed, marble clad
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333:(4th ed.). New York: John Wiley & Sons.
425:Financial services companies established in 1851
323:New York City Landmarks Preservation Commission
241:(4th ed.). New York: Three Rivers Press.
420:Life insurance companies of the United States
275:PHOENIX HOME LIFE MAY BEGIN THE SALE OF STOCK
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48:American Temperance Life Insurance Company
310:The Phoenix Sale Complete; CEO Steps Down
263:Phoenix Mutual Link With Home Life Is Set
182:, Pierre LeBrun, chief architect, in the
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65:In 1860, another early predecessor, the
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137:Phoenix Duff & Phelps Corporation
26:in 2016 and remains headquartered in
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265:. New York Times, December 17, 1991
176:Home Life Insurance Company Building
79:Home Life Insurance Company Building
435:1851 establishments in Connecticut
312:. Hartford Courant, June 20, 2016.
289:. Hartford Courant, Sept. 19, 2011
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389:. New York Times, April 10, 1997
277:. New York Times, April 22, 2000
30:, with 650 employees as of 2015.
331:Guide to New York City Landmarks
235:& Willensky, Elliot (2000).
60:a small town in Southern Oregon
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75:New York Insurance Department
131:In 1995, Phoenix merged its
67:Home Life Insurance Company
17:The Phoenix Companies, Inc.
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238:AIA Guide to New York City
180:Napoleon LeBrun & Sons
151:Virtus Investment Partners
92:The company's headquarters
387:New Look for the Nest Egg
184:Renaissance Revival style
165:Nassau Reinsurance Group
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24:Nassau Financial Group
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158:Conning & Company
96:Hartford, Connecticut
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28:Hartford, Connecticut
52:temperance movement
327:Dolkart, Andrew S.
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71:Brooklyn, New York
340:978-0-470-28963-1
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191:Restatement
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409:Categories
200:References
123:Since 1992
108:The Field
83:Broadway
381:Sources
34:History
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205:Notes
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