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The Phoenix narrows 1Q red ink

The Phoenix Cos. Inc.’s delayed first-quarter financials show it narrowed its first-quarter loss to $33.3 million from the Hartford insurer’s $68.7 million loss the same quarter a year earlier.

The first-quarter loss attributable to Phoenix Cos. equated to $5.05 a diluted share vs. $12.02 a diluted share, the insurer said.

Phoenix filed late Friday its 10-Q for the three months ended March 31 with the Securities and Exchange Commission. CEO James Wehr said the company plans to file its second-quarter 10-Q with the SEC this week.

Phoenix also disclosed its timetable for the remainder of its and PHL Variable Insurance’s delayed financial filings to the SEC:

-File its second quarter 2014 Form 10-Q with the SEC no later than Oct. 24, and return to current SEC filer status with the filing of its third quarter 2014 Form 10-Q with the SEC no later than Dec. 5,

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-PHL Variable expects to file its first and second quarter 2014 Forms 10-Q with the SEC no later than Oct. 21 and 28, respectively, and return to current SEC filer status with its third quarter 2014 Form 10-Q with the SEC no later than Dec. 12.

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