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Hirs along with cautions you to Phoenix’s unsecured securities are depending on thus-named possible reserves for their commission. Indeed, through the Willer’s webinar you to definitely slip suggests Phoenix has $1.8 billion within the estimated reserves however the conditions and terms implies that $step one.22 billion, or almost 70%, came in the type of likely supplies during the time. Within the 2023, Phoenix had complete earnings away from $118.one million and you will losses away from $48.step 3 million. Outside of desire costs for the the securities, advertising and marketing, and therefore amounted so you can $thirty-six.7 million, try the business’s biggest bills.

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