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Unaudited Interim Consolidated Statements of Comprehensive Income (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Premiums $ 94.8 $ 111.9 $ 290.6 $ 323.6
Fee income 138.8 146.5 423.1 455.8
Net investment income 205.1 203.5 623.3 628.1
Net realized investment gains (losses):        
Total other-than-temporary impairment ("OTTI") losses (7.2) (30.9) (30.6) (44.6)
Portion of OTTI losses recognized in other comprehensive income ('OCI') (0.2) 21.2 11.3 26.1
Net OTTI losses recognized in earnings (7.4) (9.7) (19.3) (18.5)
Net realized investment gains (losses), excluding OTTI losses 34.9 (0.4) 20.9 0.5
Net realized investment gains (losses) 27.5 (10.1) 1.6 (18.0)
Gain on debt repurchase 11.9    11.9   
Total revenues 478.1 451.8 1,350.5 1,389.5
BENEFITS AND EXPENSES:        
Policy benefits, excluding policyholder dividends 352.5 293.1 888.9 848.6
Policyholder dividends 81.0 53.5 222.3 199.0
Policy acquisition cost amortization 71.7 35.1 164.6 127.0
Interest expense on indebtedness 7.9 7.9 23.7 23.7
Other operating expenses 61.9 57.4 187.1 187.1
Total benefits and expenses 575.0 447.0 1,486.6 1,385.4
Income (loss) from continuing operations before income taxes (96.9) 4.8 (136.1) 4.1
Income tax expense (benefit) 4.9 (6.8) 1.0 9.5
Income (loss) from continuing operations (92.0) 11.6 (135.1) (5.4)
Loss from discontinued operations, net of income taxes (6.0) (3.9) (12.0) (6.1)
Net income (loss) (98.0) 7.7 (147.1) (11.5)
Less: Net income (loss) attributable to noncontrolling interests 0.8 (0.3) 0.6 (0.4)
Net income (loss) attributable to The Phoenix Companies, Inc. (98.8) 8.0 (147.7) (11.1)
COMPREHENSIVE INCOME (LOSS):        
Net loss attributable to The Phoenix Companies, Inc. (98.8) 8.0 (147.7) (11.1)
Less: Net income (loss) attributable to noncontrolling interests 0.8 (0.3) 0.6 (0.4)
Net income (loss) (98.0) 7.7 (147.1) (11.5)
Other comprehensive income (loss) before income taxes:        
Net unrealized investment gains before income taxes 21.0 6.0 70.4 60.3
Non-credit portion of OTTI losses recognized in OCI before income taxes 10.6 (21.2) 11.9 (21.5)
Net pension liability adjustment before income taxes 2.4 (8.1) (0.1) (2.2)
Net unrealized other gains (losses) before income taxes            
Net unrealized derivative instruments gains (losses) before income taxes            
Other comprehensive income (loss) before income taxes 34.0 (23.3) 82.2 36.6
Less: Income tax expense (benefit) related to:        
Net unrealized investment gains (losses) 34.9 (22.6) 79.4 8.7
Non-credit portion of OTTI losses recognized in OCI 3.7 (7.5) 4.1 (7.6)
Net pension liability adjustment            
Net unrealized other gains (losses)            
Net unrealized derivative instruments gains (losses)            
Total income tax expense (benefit) 38.6 (30.1) 83.5 1.1
Other comprehensive income (loss) net of income taxes (4.6) 6.8 (1.3) 35.5
Comprehensive income (loss) (102.6) 14.5 (148.4) 24.0
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of income taxes 0.8 (0.3) 0.6 (0.4)
Comprehensive income (loss) attributable to The Phoenix Companies, Inc. $ (103.4) $ 14.8 $ (149.0) $ 24.4
EARNINGS (LOSS) PER SHARE:        
Loss from continuing operations - basic $ (16.00) [1] $ 1.99 [1] $ (23.33) [1] $ (0.93) [1]
Loss from continuing operations - diluted $ (16.00) [1] $ 1.97 [1] $ (23.33) [1] $ (0.93) [1]
Loss from discontinued operations - basic $ (1.04) [1] $ (0.67) [1] $ (2.07) [1] $ (1.05) [1]
Loss from discontinued operations - diluted $ (1.04) [1] $ (0.66) [1] $ (2.07) [1] $ (1.05) [1]
Net loss attributable to The Phoenix Companies, Inc. - basic $ (17.19) [1] $ 1.38 [1] $ (25.50) [1] $ (1.91) [1]
Net loss attributable to The Phoenix Companies, Inc. - diluted $ (17.19) [1] $ 1.36 [1] $ (25.50) [1] $ (1.91) [1]
Basic weighted-average common shares outstanding (in thousands) 5,749 [1] 5,816 [1] 5,792 [1] 5,814 [1]
Diluted weighted-average common shares outstanding (in thousands) 5,749 [1] 5,890 [1] 5,792 [1] 5,814 [1]
[1] All share amounts for all periods reflect the 1-for-20 reverse stock split, which was effective August 10, 2012