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Hirs and cautions you to definitely Phoenix’s unsecured ties is counting on very-titled probable reserves because of their payout. In fact, through the Willer’s webinar one to fall suggests Phoenix features $1.8 billion in the estimated supplies but the fine print shows that $1.22 billion, or nearly 70%, came in the form of probable reserves at the time. Inside the 2023, Phoenix got overall earnings from $118.1 million and you may loss out of $forty-eight.step three million. Outside of desire will set you back on the their securities, marketing, which amounted in order to $thirty-six.7 million, is the organization’s greatest bills.

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