Wednesday, December 14, 2005
Phoenix Upbeat About '06 Earnings Growth
The Phoenix Cos., plugging away in its turnaround, forecast double-digit earnings growth for 2006 and said Tuesday it's considering a securities deal that could boost its performance.
Hartford-based Phoenix also said return on equity may not be any higher in 2006 than this year, and acknowledged that its annuity and asset management businesses still need improvement.
Dona D. Young, Phoenix's chairman, president and chief executive, told an investor conference in New York that the company has completed the "refocusing and restructuring phase of our turnaround" but that "much remains to be done" to realize Phoenix's full potential.
Phoenix Upbeat About '06 Earnings Growth
Source: Hartford Courant
Hartford-based Phoenix also said return on equity may not be any higher in 2006 than this year, and acknowledged that its annuity and asset management businesses still need improvement.
Dona D. Young, Phoenix's chairman, president and chief executive, told an investor conference in New York that the company has completed the "refocusing and restructuring phase of our turnaround" but that "much remains to be done" to realize Phoenix's full potential.
Phoenix Upbeat About '06 Earnings Growth
Source: Hartford Courant
Permalink posted by armandn @ 7:18 AM 
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