The Phoenix Companies, Inc. Named to Working Mother Magazine 100 Best Companies List for 18th Year

The Phoenix Companies, Inc. (NYSE: PNX) has been named among the 2009 Working Mother 100 Best Companies. This is the 18^th year that Phoenix has been selected for the array of family-friendly benefits and programs it provides employees. The company has been a member of Working Mother’s Hall of Fame since 2006.

"We are highly gratified to be recognized once again for our comprehensive work/life policies. We remain committed to providing family-friendly benefits and programs even during these challenging economic times,” said James D. Wehr, Phoenix’s president and chief executive officer.

"The Working Mother 100 Best Companies stand head and shoulders above the rest,” said Carol Evans, CEO, Working Mother Media. "For example, in the last year, we saw the number of companies nationwide offering flexible work arrangements diminish five percentage points, while the 100 Best Companies stayed steady at 100 percent. The 100 Best provide leadership where and when we need it most, furnishing a framework of support for working families during good times and bad. If all companies adopted these best practices, more families could weather the economic storm.”

Now in its 24^th year, the Working Mother 100 Best Companies program draws attention to the significant contributions working mothers make to industries and the companies that recognize the importance of tapping this essential labor pool. Profiles of the 100 Best Companies, as well as national comparisons, are in the October issue of Working Mother and at www.workingmother.com.

METHODOLOGY

Companies were selected for the 2009 Working Mother 100 Best Companies based on an extensive application with more than 500 questions on workforce, compensation, child care, flexibility programs, leave policies and more. It also surveys the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, benefits, women’s issues and advancement, child care, flexible work, parental leave and company culture. For this year’s 100 Best, particular weight was given to benefits, flexibility and parental leave.

For more information on applying for the 2010 Working Mother 100 Best Companies, visit www.wmmsurveys.com. The 2010 online application will be available in mid-December and due by early March 2010. All companies that apply, including those that don’t make the 100 Best list, receive feedback showing how they compare with all other applicants.

ABOUT PHOENIX

With a history dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) provides financial solutions using life insurance and annuities, with particular expertise in the high-net-worth and affluent market. In 2008, Phoenix had annual revenues of $2.0 billion and total assets of $25.8 billion. It is headquartered in Hartford, Connecticut. For more information, visit www.phoenixwm.com.

ABOUT WORKING MOTHER MEDIA

Celebrating 30 years, Working Mother magazine reaches 2 million readers and is the only national magazine for career-committed mothers while workingmother.com brings to the Web a broad range of insight and solutions served to working mothers every day. Working Mother’s 24-year signature research initiative, Working Mother 100 Best Companies, is the most important benchmark for work-life practices in corporate America. With offices in New York and Washington, D.C., Working Mother Media, a division of Bonnier Corp., includes the National Association for Female Executives, Diversity Best Practices, the WorkLife Congress and the Multicultural Women’s Conference and Town Halls. Working Mother Media’s mission is to champion cultural change.