Phoenix Companies (PNX) Inactive 10-Q2012 Q1 Quarterly report

Filed: 7 May 12, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	H.S. freshman Avg

New words: anniversary, appeal, arrangement, bear, Belgium, bid, capacity, carryforward, Code, communicated, Delaware, diminishing, director, dismissed, equipment, European, expertise, Failure, fewer, Finland, fiscal, France, Germany, harm, honor, includedeath, indirect, innovative, intervening, lifetime, loan, Luxembourg, matrix, mezzanine, multiple, nonpayment, overhead, payout, political, presence, processed, redundant, Regulation, release, remeasured, satisfaction, seeking, show, strain, submit, suspense, trial, unchanged, undistributed, unissued, unsettled, vendor

Removed: accelerated, accrete, accreted, accurately, achievement, adequacy, alerting, asserted, baseline, benchmark, beneficial, blended, Bloomberg, chaired, clarify, collectible, Committee, comparison, concession, conclude, Connecticut, consumer, contingency, converted, correlated, COSO, create, creditor, customary, debtor, deducted, deduction, define, Delinquency, depend, depending, designated, deterioration, developing, discipline, distressed, downgrade, downgraded, downturn, duration, earn, Edward, emerge, employ, enacted, enactment, encountered, expanding, experienced, fail, failed, fairly, family, Finally, forced, forecasted, forward, fundamental, heightened, implemented, implementing, implicit, increasing, inflation, influence, inInternal, instituted, insurable, Integrated, intraperiod, intrinsic, irrevocable, kind, legislative, LGD, lost, lowered, LP, maintenance, manner, marketed, marketing, merger, millionduring, multiplying, natural, notable, observe, occurrence, older, organized, origination, outlier, past, PAUL, periodically, planning, PNX, postemployment, pretax, prevent, professional, prompted, proper, published, pursued, qualified, rationale, Reassurance, receivable, recover, recoverability, recovered, redomiciled, refined, reflection, relevance, rely, remedial, remediated, remediation, repositioned, repositioning, repurchase, reserving, restructuring, revision, Scottish, screen, scrutiny, segregated, selection, seller, separated, short, significance, situation, speak, spending, substantiated, substantiation, supported, sustained, tested, tighter, TRACE, transferred, treatment, troubled, unable, uncollectible, unearned, unemployment, unusual, unvested, variation, varied, venture, view, weigh, weight, weighted, wholly

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

PNX similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

EXHIBIT 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS⁽¹⁾

Three Months Ended March 31, 2012 and 2011

($ amounts in millions)


	2012		2011

Income from continuing operations before income taxes	$	1.3	$	6.6

Less: Income from equity investees		6.8		1.1

Add: Distributed earnings of equity investees		3.5		2.4

Income (loss) from continuing operations before income taxes and equity in
undistributed earnings of equity investees	$	(2.0)	$	7.9

Fixed Charges:
Interest expense on indebtedness	$	7.9	$	7.9
Interest expense attributable to rentals		0.1		0.1
Total fixed charges⁽²⁾		8.0		8.0
Interest credited on policyholder contract balances		30.1		29.0
Total fixed charges, including interest credited to policyholders	$	38.1	$	37.0

Income from continuing operations before income taxes, equity in undistributed
earnings of equity investees and total fixed charges	$	36.1	$	44.9

Ratio of earnings to fixed charges and preferred stock dividends		0.9		1.2

Additional earnings required to achieve 1:1 ratio coverage	$	2.0	$	—


SUPPLEMENTAL RATIO⁽³⁾ — Ratio of earnings to fixed charges and preferred
stock dividends exclusive of interest credited on policyholder contract balances:

Income (loss) from continuing operations before income taxes and equity in
undistributed earnings of equity investees	$	(2.0)	$	7.9

Fixed Charges:
Total fixed charges, as above	$	8.0	$	8.0

Income from continuing operations before income taxes and equity in undistributed
earnings equity investees and fixed charges	$	6.0	$	15.9

Ratio of earnings to fixed charges and preferred stock dividends		0.8		2.0

Additional earnings required to achieve 1:1 ratio coverage	$	2.0	$	—

_______

⁽¹⁾

We had no dividends on preferred stock for the three months ended March 31, 2012 and 2011.

⁽²⁾

Total fixed charges consist of interest expense on indebtedness and an interest factor attributable to rentals. The interest factor to rentals consists of one-third of rental charges, which we deem to be representative of the interest factor inherent in rents.

⁽³⁾

This ratio is disclosed for the convenience of investors and may be more comparable to the ratios disclosed by other issuers of fixed income securities.