Hartford-based The Phoenix Cos. Inc. has issued a revision to its original fourth quarter and full year 2010 balance sheet, which reported an overstatement of other comprehensive income (OCI) and total stockholders’ equity by $103.1 million.

The overstatement of OCI and total stockholders’ equity had no effect on reported income tax expense, net income, earnings per share or on the company’s non-GAAP measures, according to a statement.

Phoenix reported a net loss of $11.6 million for the fourth quarter 2010. For full year 2010, the company reported a net loss of $12.6 million. The loss is credited to lower fee income and premiums, according to a statement.

"In spite of the reported net loss, our operating results reflect steady progress in 2010 as we strengthened our balance sheet, earnings and growth prospects," said James D. Wehr, president and CEO. "The company is substantially stronger with statutory surplus 33 percent higher than a year ago and risk-based capital improved by about 60 percentage points."