Exhibit 21

LIST OF THE PHOENIX COMPANIES, INC. SUBSIDIARIES



|                                                  |  |  |  |                               |  | 
|------------------------------------------------- |  |  |  | ----------------------------- |  | 
|Name                                              |  |  |  | Jurisdiction of Incorporation |  | 
|AGL Life Insurance Company                        |  |  |  | Pennsylvania                  |  | 
|American Phoenix Life and Reassurance Company     |  |  |  | Connecticut                   |  | 
|DP Holdings, Ltd.                                 |  |  |  | New Brunswick, Canada         |  | 
|DPCM Holdings, Inc.                               |  |  |  | Illinois                      |  | 
|Duff & Phelps Investment Management Co.           |  |  |  | Illinois                      |  | 
|Engemann Asset Management                         |  |  |  | California                    |  | 
|Euclid Advisers, LLC                              |  |  |  | New York                      |  | 
|Goodwin Capital Advisers, Inc.                    |  |  |  | New York                      |  | 
|Kayne Anderson Rudnick Investment Management, LLC |  |  |  | California                    |  | 
|Next Generation Ventures LLC                      |  |  |  | Connecticut                   |  | 
|Pasadena Capital Corporation                      |  |  |  | California                    |  | 
|PFG Distribution Company                          |  |  |  | Delaware                      |  | 
|PFG Holdings, Inc.                                |  |  |  | Pennsylvania                  |  | 
|Philadelphia Financial Group, Inc.                |  |  |  | Delaware                      |  | 
|PHL Variable Insurance Company                    |  |  |  | Connecticut                   |  | 
|Phoenix Alternative Investment Advisers, Inc.     |  |  |  | Connecticut                   |  | 
|Phoenix Distribution Holding Company              |  |  |  | Connecticut                   |  | 
|Phoenix Equity Planning Corporation               |  |  |  | Connecticut                   |  | 
|The Phoenix Foundation                            |  |  |  | Connecticut                   |  | 
|Phoenix Founders, Inc.                            |  |  |  | Connecticut                   |  | 
|Phoenix International Capital Corporation         |  |  |  | Connecticut                   |  | 
|Phoenix Investment Council, Inc.                  |  |  |  | Massachusetts                 |  | 
|Phoenix Investment Management Company             |  |  |  | Connecticut                   |  | 
|Phoenix Investment Partners, Ltd.                 |  |  |  | Delaware                      |  | 
|Phoenix Life and Annuity Company                  |  |  |  | Connecticut                   |  | 
|Phoenix Life and Reassurance Company of New York  |  |  |  | New York                      |  | 
|Phoenix Life Insurance Company                    |  |  |  | New York                      |  | 
|Phoenix Life Solutions, Inc.                      |  |  |  | Delaware                      |  | 
|Phoenix National Trust Holding Company            |  |  |  | Connecticut                   |  | 
|Phoenix New England Trust Holding Company         |  |  |  | Connecticut                   |  | 
|Phoenix Variable Advisors, Inc.                   |  |  |  | Delaware                      |  | 
|Phoenix/Zweig Advisers, LLC                       |  |  |  | Delaware                      |  | 
|PM Holdings, Inc.                                 |  |  |  | Connecticut                   |  | 
|PML International Insurance Limited               |  |  |  | Bermuda                       |  | 
|Practicare, Inc.                                  |  |  |  | Delaware                      |  | 
|PXP Securities Corp.                              |  |  |  | New York                      |  | 
|Rutherford Financial Corporation                  |  |  |  | Delaware                      |  | 
|Rutherford, Brown & Catherwood, LLC               |  |  |  | Delaware                      |  | 
|SMC Advisors, LLC                                 |  |  |  | California                    |  | 
|The Phoenix Companies, Inc.                       |  |  |  | Delaware                      |  | 
|Walnut Asset Management, LLC                      |  |  |  | Delaware                      |  | 
|WS Griffith Securities, Inc.                      |  |  |  | New York                      |  |