Phoenix Cos. reports 4Q loss
March 31, 2015 by Associated Press
HARTFORD, Conn. (AP) _ Phoenix Cos. (PNX) on Tuesday reported a fourth-quarter loss of $140.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hartford, Connecticut-based company said it had a loss of $24.40. Losses, adjusted to account for discontinued operations, were $24.05 per share.
The life insurance company posted revenue of $440.4 million in the period.
For the year, the company reported a loss of $213.2 million, or $37.09 per share, swinging to a loss in the period. Revenue was reported as $1.67 billion.
Phoenix Cos. shares have decreased 19 percent since the beginning of the year. The stock has risen 9 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNX at http://www.zacks.com/ap/PNX
Keywords: Phoenix Cos., Earnings Report