PHL VARIABLE INSURANCE CO /CT/ Financial Statements (2025 and earlier)
Company Profile
| Business Address |
C/O PHOENIX LIFE INSURANCE COMPANY HARTFORD, CT 06116 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 242,100 | 262,000 | 99,300 | |||
| Cash and cash equivalents | 162,300 | 181,000 | 83,100 | |||
| Short-term investments | 79,800 | 81,000 | 16,200 | |||
| Total current assets: | 242,100 | 262,000 | 99,300 | |||
| Noncurrent Assets | ||||||
| Other undisclosed assets | 7,398,400 | 7,046,200 | 6,562,800 | |||
| TOTAL ASSETS: | 7,640,500 | 7,308,200 | 6,662,100 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Due to related parties | 11,000 | |||||
| Total current liabilities: | 11,000 | |||||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 7,336,700 | 6,935,700 | 6,356,000 | |||
| Total liabilities: | 7,336,700 | 6,935,700 | 6,367,000 | |||
| Equity | ||||||
| Equity, attributable to parent | 303,800 | 372,500 | 295,100 | |||
| Common stock | 2,500 | 2,500 | 2,500 | |||
| Additional paid in capital | 862,200 | 847,200 | 802,200 | |||
| Accumulated other comprehensive income (loss) | 4,000 | (11,900) | 11,400 | |||
| Accumulated deficit | (564,900) | (465,300) | (521,000) | |||
| Total equity: | 303,800 | 372,500 | 295,100 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,640,500 | 7,308,200 | 6,662,100 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 477,700 | 525,700 | 482,400 | ||
| Net investment income | 172,000 | 140,800 | 130,900 | ||
| Financial services revenue | 512,500 | 493,400 | 373,800 | ||
| Cost of revenue | (490,500) | (382,200) | (396,800) | ||
| Deferred policy acquisition costs, amortization expense | (84,900) | (88,400) | 103,500 | ||
| Financial services costs | (397,700) | (286,500) | (396,800) | ||
| Gross profit: | (12,800) | 143,500 | 85,600 | ||
| Operating expenses | (101,700) | (136,700) | (103,600) | ||
| Other operating expense, net (Other Expenses) | (69,300) | (91,500) | |||
| Operating loss: | (183,800) | (84,700) | (18,000) | ||
| Nonoperating income (Investment Income, Nonoperating) | 104,900 | 134,800 | 87,700 | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (26,600) | (16,100) | (191,200) | ||
| Income (loss) from continuing operations before income taxes: | (105,500) | 34,000 | (121,500) | ||
| Income tax expense (benefit) | (3,800) | 21,700 | (16,200) | ||
| Income (loss) from continuing operations: | (109,300) | 55,700 | (137,700) | ||
| Income (loss) before gain (loss) on sale of properties: | (109,300) | 55,700 | (137,700) | ||
| Net income (loss) available to common stockholders, diluted: | (109,300) | 55,700 | (137,700) | ||
Comprehensive Income ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (109,300) | 55,700 | (137,700) | ||
| Other comprehensive income (loss) | 16,700 | (23,300) | 8,800 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (92,600) | 32,400 | (128,900) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.