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News Releases - Financial

  • 12/1/16 5:11 pm EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”) has announced that on December 1, 2016 its principal subsidiary, Protective Life Insurance Company (“Protective Life”), completed the acquisition of the Pompano Beach, Florida-based USWC Holding Company (“US Warranty”) via a stock purchase agreement. US Warranty, through its affiliated operating subsidiaries, including United States Warranty Corp., markets vehicle service contracts, GAP coverage and amore...
  • 8/18/16 5:00 pm EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”) has reached an agreement through its wholly owned subsidiary, Protective Life Insurance Company, to acquire the Pompano Beach, Florida-based USWC Holding Company and its affiliated operating subsidiaries (“USWC” or “Company”) via a stock purchase agreement (the “Acquisition”). The Acquisition is subject to receipt of standard regulatory approvals and satisfaction of customary closing conditionsmore...
  • 5/20/16 9:23 am EDT

    ProEquities continues to strengthen its management team with the addition of Blaine Miller, Chief Supervision Officer, and Steve Youhn, Chief Compliance Officer

    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Leading independent broker/dealer, ProEquities, Inc., a wholly owned subsidiary of Protective Life Corporation, today announced it has added Blaine Miller as Chief Supervision Officer and Steve Youhn as Chief Compliance Officer. Miller and Youhn will report to Chris Flint, President and Chief Executive Officer of ProEquities, and be responsible for leading all facets of the firm’s sales supervision and compliance functions. “Themore...
  • 3/22/16 5:23 pm EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective” or the “Company”), a wholly owned U.S. subsidiary of The Dai-ichi Life Insurance Company, Limited (TSE:8750, “Dai-ichi Life”), will host a Company Update Meeting on April 11, 2016 from 12:00 p.m. to 1:30 p.m. Eastern Time in New York City. Members of Protective’s senior management team will provide an overview of 2015 financial results and current business strategy. This meeting is intended for professionalmore...
  • 1/15/16 4:15 pm EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”), a wholly owned U.S. subsidiary of The Dai-ichi Life Insurance Company, Limited (TSE:8750) (“Dai-ichi Life”), today announced that its principal subsidiary, Protective Life Insurance Company (“Protective Life”), completed the acquisition via reinsurance of certain blocks of business from Genworth Life and Annuity Insurance Company (“Genworth”), Richmond, Virginia. John D. Johns, Protective’s Chairmanmore...
  • 1/5/16 8:01 am EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”, “Company”) today announced that Richard J. Bielen, the Company’s current Vice Chairman and Chief Financial Officer, has been named President and Chief Operating Officer of the Company. In his new role, Mr. Bielen will have added responsibilities for life and annuity sales and information technology in addition to his current management responsibility for acquisitions, the asset protectionmore...
  • 9/30/15 6:00 pm EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”), a wholly owned U.S. subsidiary of The Dai-ichi Life Insurance Company, Limited (TSE: 8750, “Dai-ichi Life”), has reached an agreement through its wholly owned subsidiary, Protective Life Insurance Company, with Genworth Life and Annuity Insurance Company (“Genworth”), Richmond, Virginia, to acquire via reinsurance certain in force blocks of term life insurance from Genworth. Protective’more...
  • 2/23/15 4:15 pm EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective” or the “Company”) today announced that it has issued notice to redeem on March 25, 2015 (the “Redemption Date”) the entire $103,093,000 outstanding principal amount of the Company’s 6-1/8% Subordinated Debentures due 2034 (the “Debentures”), and that, as a result of such redemption and simultaneously therewith, PLC Capital Trust V will redeem all $100,000,000 in aggregate liquidation amount outstandingmore...
  • 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...

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