Hartford’s Phoenix Life Insurance Co. boosted its third-quarter statutory financial performance from a year earlier.
For three months ended Sept. 30, The Phoenix Cos. subsidiary said it posted statutory net gain from operations of $36.1 million and statutory net income of $41.5 million vs. a net gain of $8.7 million and $4.4 million in net income for the year-ago third quarter.
Phoenix said the improvement was result of higher net investment income and more favorable mortality, partially offset by higher expenses.
