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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...

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