The Phoenix Companies, Inc. Announces Fourth Quarter 2008 Earnings Release Date Change

The Phoenix Companies, Inc. (NYSE: PNX) today announced that it has rescheduled its fourth quarter 2008 earnings news release date to February 27, 2009. The news release will be issued before the market opens, and the company will hold a conference call with the investment community at 10 a.m., Eastern time. The release and conference call were previously scheduled for February 10, 2009.

The date was changed to finalize the accounting analysis and documentation related to the company’s investment portfolio in light of unprecedented market conditions, and to enable the company to complete final accounting for the spin-off of Virtus Investment Partners, Inc.

The conference call will be broadcast live over the Internet at www.phoenixwm.com in the Investor Relations section. The call can also be accessed by telephone at 973-935-8512 (conference ID #81097108). A replay of the call will be available through March 13, 2009 by telephone at 706-645-9291 (pin code #81097108) and on Phoenix’s Web site, www.phoenixwm.com in the Investor Relations section.

About Phoenix

With a history dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) helps its customers find straightforward solutions to often highly complex personal financial and business planning needs through life insurance and annuities. Phoenix’s products are available through a wide variety of third-party financial professionals and intermediaries, supported by the company’s wholesalers and financial planning specialists. For more information, visit www.phoenixwm.com.