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The Phoenix Companies Inc. Message Board

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  • emilyryan01 emilyryan01 Oct 17, 2009 9:31 PM Flag

    Emily. It is a good time for you to buy PNX..

    Calmly I say to you OSU I bought a bunch of NFP and PRU and LNC back when the whole market tanked. The entire industry was taken down. NFP is not an insurance company it is a marketing company that offers many companies through its agents so they are not rated. Phoenix was always on the fence with the big rating companies. One notch away from a b company. They could always tell the agents/advisors that they were an A rated company and they sold 300 million per year in life and 700 million in annuities. As soon as they dropped to a b company look at what happened to its sales. 20 million a month in life premium then/now less then a million per month. This whole problem came about with the crash of the entire market but also with the reluctance of the old CEO to get rid of her baby the investment company. So no double standard here just investing in good companies that maintained good ratings and a great ditribution company. Got out of NFP at 8.90 because they are running into a bit of trouble with some debt. Great agents/advisors but bad management at NFP. By the way who is FPN don't own them ever.

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