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  • 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...
  • 8/31/15 10:55 am EDT

    Company leverages the potential of social reach to promote effort

    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Insurance Company, a subsidiary of Protective Life Corporation, today announced it is supporting Life Insurance Awareness Month in September with a variety of educational tools delivered through its extended online channels, independent agents, ‘mommy bloggers’ and even social media events. “Research shows that individuals understand the need for life insurance. Yet they continually focus on shorter-term financialmore...
  • 2/24/15 12:28 pm EST

    A day after UAB, UA and Birmingham Botanical Gardens named, another four recipients announced as part of five-year, $23 million community commitment 

    Tokyo, Japan-based Dai-ichi Life Insurance Company, Limited (Dai-ichi) and Birmingham-based Protective Life Corporation (Protective) announced four  additional recipients as part of the companies’ $23 million, five-year community commitment.This announcement comes one day after a total of $4 million was pledged to The Alabama Drug Discovery Program, a partnership between UAB and the Southern Research Institute; the University of Alabama’s Culverhouse College of Commerce; and themore...
  • 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...
  • 2/23/15 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...
  • 1/28/15 5:00 pm EST
    The Protective Life Foundation announced today that it awarded nearly $4 million in donations and grants in 2014. In 2014, through grant dollars and volunteer hours, the Foundation touched 247 organizations focused on a wide spectrum of services, from addressing health disparities and hunger to supporting education, the arts and robust community revitalization projects.  Large nonprofit anchors such as the Birmingham Civil Rights Institute, the Birmingham Zoo, the McWane Sciencemore...
  • 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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