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News Releases - Financial

  • 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...

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