tag:blogger.com,1999:blog-15004983.post-9240796062507818402008-05-09T11:08:00.001-07:002008-05-09T11:08:57.204-07:00The Phoenix Cos. posted a $19 million net loss for the first quarter on equity market declines, large death claims, the loss of a major client and unusual expenses, including a recent proxy fight.<br /><br />The Hartford-based company said Thursday that it had an operating loss of $4.7 million, or 4 cents a share, in this year's quarter, compared with $37.4 million, or 32 cents a share, of operating profit a year ago. Operating results exclude realized investment gains and losses.<br /><br /><a href="http://www.courant.com/business/hc-phoenix0509.artmay09,0,6944624.story">Phoenix Cos. Posts Quarterly Net Loss of $19 Million</a><br />Source: Hartford Courantarmandnhttp://www.blogger.com/profile/14851531354117373362noreply@blogger.com