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News Releases - Corporate News

  • 6/3/14 8:40 pm EDT
    • Protective to Become Dai-ichi Life’s U.S. Growth Platform and Maintain Current Strategy, Operations and Headquarters
    • Combined Company will be 13th Largest Global Insurer1 with Greater Scale and Resources to Capture Future Growth
    • Protective Stockholders to Receive $70 Per Share in Cash, Representing 34% Premium Over Protective Unaffected Closing Price on May 30, 2014
    BIRMINGHAM, Ala. & TOKYO--(BUSINESS WIRE)--Dai-ichi Life Insurance Company, Limited (TSE: 8750) (“Dai-ichi Life”) and Protective Life Corporation (NYSE: PL) (“Protective”) today announced that they have entered into a definitive agreement under which Dai-ichi Life will acquire all outstanding shares of Protective Life Corporation for $70.00 per share in cash, or a total transaction value of approximately $5.7 billion. The transaction consideration represents a 34% premium over Protectivemore...
  • 6/2/14 12:27 pm EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE:PL) (“Protective”) today clarified that recent media reports regarding a potential transaction with a Japanese insurer are not based on information released by Protective. It is Protective’s policy not to comment on speculative media reports. ABOUT PROTECTIVE LIFE CORPORATION Protective Life Corporation provides financial services through the production, distribution and administration ofmore...
  • 5/15/14 1:12 pm EDT
    Protective Life Insurance Company, a subsidiary of Protective Life Corporation (NYSE: PL), has hired Wade Harrison as its new senior vice president and chief product officer. In his new role, Harrison will lead the team that designs, develops and implements life and annuity products.Harrison most recently served as senior vice president of Financial Service Operations for COUNTRY Financial in Bloomington, Illinois, where he was responsible for the company’s life and health operations includingmore...
  • 5/14/14 10:21 am EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) announced today that David Perry has been named to the newly created role of vice president, operational risk. In this capacity, Perry will be responsible for leading operational risk management efforts within Protective’s Enterprise Risk Management (ERM) department. In addition, he will support broad efforts to advance the company’s ERM program as well as specific initiatives to manage both existing andmore...
  • 5/12/14 10:46 am EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Board of Directors of Protective Life Corporation (NYSE:PL) declared a quarterly dividend of $0.24 per share, representing a 20% increase over the previous quarterly dividend. The Corporation’s Board of Directors declared the quarterly dividend to be paid June 9, 2014, to share owners of record at the close of business on May 23, 2014. ABOUT PROTECTIVE LIFE CORPORATION Protective Life Corporation provides financial servicesmore...

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