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News Releases - Corporate News

  • 2/23/15 3:02 pm EST

    More entities to be named as part of a total five-year, $23 million commitment to the local community 

    Tokyo, Japan-based Dai-ichi Life Insurance Company, Limited (Dai-ichi) and Birmingham-based Protective Life Corporation (Protective) – whose formal merger was effective Feb. 1, 2015 – today announced the recipients of their initial $4 million of a total $23 million, five-year commitment in community gifts.The University of Alabama at Birmingham (UAB), in partnership with the Southern Research Institute, the University of Alabama’s Culverhouse College of Commerce and the Birmingham Botanicalmore...
  • 2/1/15 4:01 pm EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“Protective”) today announced the completion of the acquisition of Protective by The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) in accordance with the terms of the previously announced Agreement and Plan of Merger dated June 3, 2014, among Protective, Dai-ichi Life and DL Investment (Delaware), Inc., a wholly owned subsidiary of Dai-ichi Life. As a result of the merger, each outstandingmore...
  • 1/22/15 5:00 pm EST
    BIRMINGHAM, Ala. & TOKYO--(BUSINESS WIRE)--The Dai-ichi Life Insurance Company, Limited (TSE: 8750), (“Dai-ichi Life”) and Protective Life Corporation (NYSE: PL), (“Protective”) today announced that Dai-ichi has received all necessary approvals from regulatory authorities in the United States and Japan for the previously announced proposed acquisition of all of the outstanding shares of common stock of Protective Life Corporation pursuant to the Agreement and Plan of Merger entered intomore...
  • 12/15/14 9:04 am EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“Protective”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated June 3, 2014, with Dai-ichi Life Insurance Company Limited (Dai-ichi), a kabushiki kaisha organized under the laws of Japan, and DL Investment (Delaware), Inc., a Delaware corporation and wholly owned subsidiary of Dai-ichi, continues to progress toward closing of the Merger in the ordinary course.more...
  • 11/3/14 4:31 pm EST
    • Operating earnings of $1.33 per share, up 36% over 3Q13
    • Net income of $1.46 per share, up 27% over 3Q13
    • Rolling 12-month operating ROE of 12.9%
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“the Company”) today reported results for the third quarter of 2014. Net income for the third quarter of 2014 was $118.9 million or $1.46 per average diluted share, compared to $93.1 million or $1.15 per average diluted share in the third quarter of 2013. After-tax operating income was $107.9 million or $1.33 per average diluted share, compared to $79.5 million or $0.98 per average diluted share in themore...
  • 11/3/14 2:16 pm EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Board of Directors of Protective Life Corporation (NYSE:PL) declared a quarterly dividend of $0.24 per share. The Corporation’s Board of Directors declared the quarterly dividend is to be paid on December 1, 2014, to share owners of record at the close of business on November 18, 2014. ABOUT PROTECTIVE LIFE CORPORATION Protective Life Corporation provides financial services through the production, distribution andmore...
  • 10/6/14 11:40 am EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--At a special meeting today, shareholders of Protective Life Corporation (NYSE: PL) (“Protective”, “the Company”) approved the Agreement and Plan of Merger dated June 3, 2014, with Dai-ichi Life Insurance Company, Limited (“Dai-ichi”), a kabushiki kaisha organized under the laws of Japan, and DL Investment (Delaware), Inc., a Delaware corporation and wholly owned subsidiary of Dai-ichi. The agreement provides for the merger of DL Investment (more...
  • 9/25/14 11:45 am EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“Protective”) will announce third quarter 2014 results on Monday, November 3, 2014. Supplemental financial information will be available at release time on the Company’s website at www.protective.com. ABOUT PROTECTIVE LIFE CORPORATION Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment productsmore...
  • 9/18/14 5:56 pm EDT

    Participants can share what they are protective of, enter contest and help with non-profit donations.

    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Insurance Company, a subsidiary of Protective Life Corporation, (NYSE: PL) today announced its upcoming “I AM PROTECTIVE” campaign. The campaign, which begins Sept. 19, allows people to share stories of what they are protective of in their lives through social media and the http://www.iamprotective.com website. By highlighting the humanity of being protective of the people and the things we cherish in life, Protective hopes tomore...
  • 9/15/14 11:23 am EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“Protective” or the “Company”) today announced that it has issued notice to redeem the entire $100,000,000 outstanding principal amount of the Company’s 8.00% Senior Notes due October 15, 2024 (NYSE: PLP) issued on October 9, 2009, CUSIP 743674 509 (the “Senior Notes”). Holders of the Senior Notes will receive on the redemption date the outstanding principal amount of the Senior Notes plus accrued andmore...

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