The Phoenix Companies is back in the black.
The Phoenix Companies, Inc. (NYSE:PNX), Hartford, Conn., reported net income of $31.8 million, or $0.27 per diluted share, and operating income of $29.0 million, or $0.25 per diluted share, for the third quarter of 2011.
These results compare with a net loss of $25.0 million, or $0.22 per share, and an operating loss of $7.1 million, or $0.06 per share, for the third quarter of 2010.