The Phoenix Companies, Inc. provides wealth management products and services to serve the accumulation, preservation and transfer needs of the affluent and high-net-worth market, businesses and institutions. To serve its target market, the Company offers solutions through a variety of distributors. These products and services are managed within two operating segments: Life and Annuity and Investment Management. The Life and Annuity segment includes individual life insurance and annuity products including participating whole life, universal life, variable life, term life and annuities. The Investment Management segment includes private client and institutional investment management and distribution, including managed accounts, open-end mutual funds and closed-end funds. The third segment, Venture Capital, includes the Companys investments, primarily in the form of limited partnership interests in venture capital funds, leveraged buyout funds and other private equity partnerships.