The Phoenix Companies, Inc. Promotes Christopher M. Wilkos to Executive Vice President and Chief Investment Officer

The Phoenix Companies, Inc. (NYSE: PNX) today announced the promotion of Christopher M. Wilkos to executive vice president and chief investment officer, effective immediately. He will continue to report to James D. Wehr, president and chief executive officer, who was chief investment officer prior to his own promotion last month.

"I have worked closely with Chris throughout his career at Phoenix and respect his investment expertise, admire his patience and focus, and have the utmost confidence in his leadership,” said Mr. Wehr. "This role is critical to Phoenix’s success, and Chris is exceptionally well-positioned to guide us in this challenging investment environment.”

As chief investment officer, Mr. Wilkos, 51, sets investment strategy to ensure that Phoenix fulfills its obligations to customers. He also is responsible for the public and private fixed income groups, corporate portfolio management, and Goodwin Capital Advisers, a Phoenix subsidiary which manages mutual funds and institutional client portfolios. In addition, he oversees the life insurance company’s general account and affiliated investment portfolios.

Mr. Wilkos joined Phoenix in 1997 as director of Corporate Portfolio Management and was named vice president in 1998 and senior vice president in 2001.

Prior to joining Phoenix, he served as an investment officer, portfolio manager, and vice president of Portfolio Strategy and Operations for Connecticut Mutual Life Insurance Company.

Mr. Wilkos holds the chartered financial analyst (CFA) designation and is a member of the CFA Institute and the Hartford CFA Society. He is an instructor for the Hartford CFA review program. Active in the community, Mr. Wilkos is a Scoutmaster for the South Windsor Boy Scouts, is a member of the Connecticut Rivers Boy Scout Endowment Investment Committee, is on the Board of Directors of the United Way of the Capital Area, and is chairman of the investment committee for the United Way. He is also a member of the UConn SMF Investment Advisory Board.

Mr. Wilkos has a bachelor’s degree in Economics from the College of the Holy Cross, cum laude, and a master’s in business administration in Finance from the University of Connecticut. A resident of South Windsor, Conn., he and his wife, Brenda, have three sons.

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.