The Phoenix Companies, Inc. Promotes John T. Mulrain to Senior Vice President, General Counsel and Secretary

The Phoenix Companies, Inc. (NYSE: PNX) today announced the promotion of John T. Mulrain to senior vice president, general counsel and secretary, effective on June 30. He will replace Tracy L. Rich, who is leaving Phoenix to become general counsel and corporate secretary at The Guardian Life Insurance Company of America. Mr. Mulrain will report to James D. Wehr, Phoenix’s president and chief executive officer.

"John brings insightful and effective counsel to the company in addressing an array of often complex legal issues. His investment expertise will prove particularly valuable at this point in our history,” said Mr. Wehr.

Mr. Mulrain, 59, will be responsible for all legal functions, including compliance, and he will serve as corporate secretary. Currently, he is vice president and counsel, focusing primarily on investments and portfolio management. Mr. Mulrain has been with Phoenix since 1992 in various capacities within the Law Department. Prior to joining Phoenix, he was counsel at Connecticut Mutual Life Insurance Company and a partner at the law firm of Shipman & Goodwin.

Mr. Mulrain is a member of the Connecticut Bar Association, the American College of Investment Counsel and the American Council of Life Insurers. He is also chairman of the investment committee of The Association of Life Insurance Counsel. He graduated from the College of the Holy Cross and received his J.D. degree from Yale Law School. A resident of Wethersfield, Conn., he and his wife, Patricia, have two 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. For more information, visit www.phoenixwm.com.