The Phoenix Companies, Inc. Conference Call on Spin-off of Virtus Investment Partners

The Phoenix Companies, Inc. (NYSE: PNX) announced today that it will hold a conference call with the investment community on Thursday, December 4, 2008, at 11 a.m., Eastern time. The call will cover Phoenix's planned spin-off of Virtus Investment Partners.

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 #75328037). A replay of the call will be available through December 18, 2008 by telephone at 706-645-9291 (pin code #75328037) and on Phoenix’s Web site, www.phoenixwm.com in the Investor Relations section.

About The Phoenix Companies, Inc.

With roots dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) helps individuals and institutions solve their often highly complex personal financial and business planning needs through its broad array of life insurance, annuities and investments. In 2007, Phoenix had annual revenues of $2.6 billion and total assets of $30.2 billion. For more information, visit www.phoenixwm.com.

About Virtus Investment Partners, Inc.

Virtus Investment Partners provides investment management products and services to individuals and institutions. It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Investors have an array of needs and Virtus Investment Partners offers a variety of investment styles and multiple disciplines to meet those needs. For more information, visit www.virtus.com.