Phoenix was acquired by Nassau Financial Group in 2016 and remains headquartered in Hartford, Connecticut, with 650 employees as of 2015.
In 1894, Home Life built its 16-story headquarters, the Home Life Insurance Company Building, on Broadway in New York City, which as one of the world's first steel-framed skyscrapers for a short time was one of the world's tallest buildings.
Phoenix pioneered other innovations, including offering reduced life insurance premium rates for women for the first time in 1955 and selling group life and health insurance plans to small businesses in 1957.
[4] In 2008, Phoenix spun off its asset management subsidiary to shareholders as an independent publicly traded company renamed Virtus Investment Partners.
In 2011, Phoenix sold its Goodwin Capital Advisers subsidiary to Conning & Company.
[5] In September 2015, Phoenix announced it was being acquired by Nassau Reinsurance Group, a privately held company, for $217.2 million.