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Hirs along with warnings one Phoenix’s unsecured ties is counting on thus-named probable reserves due to their payment. Actually, while in the Willer’s webinar you to fall reveals Phoenix has $step one.8 billion inside projected reserves but the small print implies that $step 1.22 billion, or nearly 70%, was available in the form of possible reserves at that time. Within the 2023, Phoenix got full revenues of $118.one million and you may loss from $forty-eight.3 million. Outside of desire will cost you to the their ties, marketing and advertising, and this amounted in order to $thirty-six.7 million, try the company’s biggest expenses.
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