Phoenix

Hartford, Conn., June 15, 2015 – The Phoenix Companies, Inc. (NYSE:PNX) today announced that Joseph Tedone, counsel, has been promoted to vice president. He is responsible for litigation and government relations.

“Joe has been instrumental to many of our successes in the courts over the years and, more recently, has taken the lead in coordinating the company’s lobbying efforts,” said John T. Mulrain, executive vice president, general counsel and secretary.

Hartford, Conn., June 11, 2015 –The Phoenix Companies, Inc. (NYSE: PNX) today announced that it has appointed KPMG LLP (“KPMG”) to serve as the company’s principal independent registered public accounting firm, replacing PricewaterhouseCoopers, LLP (“PwC”). The transition is effective on June 11, 2015.

The Audit Committee of Phoenix’s Board of Directors approved the transition from PwC to KPMG after completing a request for proposal (“RFP”) process disclosed on March 31, 2015. The change was not the result of any disagreement between the company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

Hartford, Conn., June 8, 2015 – The Phoenix Companies, Inc. (NYSE:PNX) today announced four management promotions in its Product and Operations division: Joleen Speight, Matthew Heaphy, Craig Michaud and Nancy Turner.

“We are pleased to recognize these individuals who have made meaningful contributions to our success and taken on broader responsibilities and mission-critical projects,” said Thomas Buckingham, executive vice president, Product and Operations.

Hartford, Conn., June 3, 2015 –The Phoenix Companies, Inc. (NYSE: PNX) said today that two Phoenix subsidiaries executed a settlement agreement memorializing and formalizing the terms of a settlement announced on May 1, 2015 resolving class actions relating to cost of insurance rate adjustments made on certain policies in 2010 and 2011.

Phoenix Life Insurance Company and PHL Variable Insurance Company executed the settlement agreement with the plaintiffs on May 29, 2015. It was filed with the United States District Court for the Southern District of New York and remains subject to court approval.

Hartford, Conn., May 11, 2015 – The Phoenix Companies, Inc. (NYSE:PNX) today announced financial results for the first quarter of 2015 and filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 with the U.S. Securities and Exchange Commission (“SEC”).

“Phoenix’s first quarter results were primarily driven by a non-recurring charge related to a litigation settlement as well as unfavorable mortality,” said James D. Wehr, president and chief executive officer. “The legal settlement provides a level of certainty and closure to a significant portion of COI litigation, some of which has been in the courts for several years,” he said.