UPDATE: Phoenix Cos. (PNX) Reports Q3 Loss of $2.49/Share
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Price: $37.49 --0%
Financial Fact:
Net investment income: 205M
Today's EPS Names:
WF, CWBC, GLTO, More
Financial Fact:
Net investment income: 205M
Today's EPS Names:
WF, CWBC, GLTO, More
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(Updated - November 7, 2014 2:30 PM EST)
Phoenix Cos. (NYSE: PNX) reported Q3 EPS of ($2.49), versus ($5.71) reported last year. Revenue for the quarter came in at $416.8 million, versus $421.2 million reported last year.
- Expenses relating to the restatement and SEC reporting catch up of $18.1 million incurred and 2014 audit fees of $6.3 million accrued during the second quarter of 2014.
- Modestly unfavorable mortality in the universal life block in the quarter, although in line with expectations for the first half of 2014.
- A continued low level of impairments and a $18.4 million tax benefit recorded in accordance with U.S. GAAP intraperiod tax allocation rules partially offsetting the negative performance.
For earnings history and earnings-related data on Phoenix Cos. (PNX) click here.
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