PHOENIX COMPANIES INC/DE (PNX) financial statements (2021 and earlier)

Company profile

Business Address ONE AMERICAN ROW
HARTFORD, CT 061025056
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments, including:89878858296
Cash and cash equivalents627450496246
Short-term investments27015036249
Other undisclosed cash, cash equivalents, and short-term investments (521)  
Total current assets:89878858296
Noncurrent Assets
Property, plant and equipment46454644
Long-term investments and receivables52615929
Long-term investments52615929
Deferred rent receivables, net251011
Total noncurrent assets:10011111585
Other undisclosed assets20,09421,55620,65121,250
TOTAL ASSETS:21,09221,74621,62521,630
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation 25325325
Long-term debt, excluding current maturities 25325325
Liabilities, other than long-term debt   22
Deferred compensation liability, classified   22
Total noncurrent liabilities: 25325347
Other undisclosed liabilities20,91821,14720,78821,072
Total liabilities:20,91821,39921,04121,119
Stockholders' equity
Stockholders' equity attributable to parent, including:161327573511
Common stock0000
Treasury stock, value(183)(183)(183)(183)
Additional paid in capital2,6332,6332,6332,633
Accumulated other comprehensive loss(266)(234)(185)(249)
Accumulated deficit(2,023)(1,889)(1,692)(1,697)
Other undisclosed stockholders' equity attributable to parent   7
Stockholders' equity attributable to noncontrolling interest1320117
Other undisclosed stockholders' equity   (7)
Total stockholders' equity:174347584511
TOTAL LIABILITIES AND EQUITY:21,09221,74621,62521,630

Income statement (P&L) ($ in millions)

Net investment income835831787829
Financial services revenue8931,4471,448959
Cost of revenue(915)(1,492)(1,337)(1,166)
Policyholder dividends, expense (245)(190)295
Deferred policy acquisition costs, amortization expense(78)(120)(114)200
Financial services costs(828)(1,119)(1,027)(1,166)
Gross profit:780175374623
Operating expenses(357)(403)(411)(266)
Operating income (loss):422(227)(37)358
Nonoperating income
(Investment Income, Nonoperating)
Interest and debt expense(28)(28)(29)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes(553)(682)(737)(1,273)
Income (loss) from continuing operations before equity method investments, income taxes:(159)(195)17(156)
Income (loss) from equity method investments(4)89 
Other undisclosed income from continuing operations before income taxes4   
Income (loss) from continuing operations before income taxes:(159)(187)26(156)
Income tax expense (benefit)34(11)(10)4
Income (loss) from continuing operations:(125)(198)16(152)
Income (loss) from discontinued operations(2)002
Income (loss) before gain (loss) on sale of properties:(127)(198)16(151)
Other undisclosed net loss (12)(12)(17)
Net income (loss):(127)(209)5(168)
Net income (loss) attributable to noncontrolling interest(7)(4)0(1)
Net income (loss) available to common stockholders, diluted:(134)(213)5(169)

Comprehensive Income ($ in millions)

Net income (loss):(127)(209)5(168)
Other comprehensive income (loss)(32)(49)64(19)
Comprehensive income (loss):(159)(259)69(187)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(4)01
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 4(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:(166)(259)69(187)

Statements sources

The financial statements are based on the company's filings with the 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.

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