Last $69.48 USD
Change Today -0.04 / -0.06%
Volume 762.6K
PL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

protective life corp (PL) Snapshot

Open
$69.53
Previous Close
$69.52
Day High
$69.57
Day Low
$69.48
52 Week High
06/10/14 - $69.88
52 Week Low
10/9/13 - $41.84
Market Cap
5.5B
Average Volume 10 Days
531.3K
EPS TTM
$4.91
Shares Outstanding
79.3M
EX-Date
08/14/14
P/E TM
14.1x
Dividend
$0.96
Dividend Yield
1.27%
Current Stock Chart for PROTECTIVE LIFE CORP (PL)

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protective life corp (PL) Details

Protective Life Corporation, together with its subsidiaries, provides financial services primarily in the United States. The company is engaged in the production, distribution, and administration of insurance and investment products. Its Life Marketing segment markets universal life, variable universal life, bank-owned life, and level premium term insurance products primarily through networks of independent insurance agents and brokers, stockbrokers, and independent marketing organizations. The company’s Acquisitions segment focuses on acquiring, converting, and servicing life insurance policies and annuity products that were sold to individuals. Its Annuities segment markets and sells fixed and variable annuity products, such as modified guaranteed, single premium deferred, single premium immediate, and indexed annuities primarily through broker-dealers, financial institutions, and independent agents and brokers. The company’s Stable Value Products segment sells fixed and floating rate funding agreements directly to the trustees of municipal bond proceeds, money market funds, bank trust departments, and other institutional investors; and issues funding agreements to the Federal Home Loan Bank, and markets guaranteed investment contracts to qualified retirement savings plans, as well as has contracts outstanding pursuant to a funding agreement-backed notes program, which offered notes to institutional and retail investors. Its Asset Protection segment markets extended service contracts, and credit life and disability insurance to protect consumers' investments in automobiles, watercraft, and recreational vehicles; and a guaranteed asset protection product through a national network of automobile, marine, and RV dealers. Protective Life Corporation was founded in 1907 and is headquartered in Birmingham, Alabama.

2,402 Employees
Last Reported Date: 02/28/14
Founded in 1907

protective life corp (PL) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $945.8K
Vice Chairman and Chief Financial Officer
Total Annual Compensation: $496.7K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $452.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $432.5K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $355.0K
Compensation as of Fiscal Year 2013.

protective life corp (PL) Key Developments

Protective Life Corporation Announces Notice of Redemption of 8.00% Senior Notes Due 2024

Protective Life Corporation has issued notice to redeem the entire $100,000,000 outstanding principal amount of the company's 8.00% Senior Notes due October 15, 2024 issued on October 9, 2009, CUSIP 743674 509. Holders of the Senior Notes will receive on the redemption date the outstanding principal amount of the Senior Notes plus accrued and unpaid interest to the redemption date. Payment in respect of the redemption of the Senior Notes is expected to be made on October 15, 2014. Protective intends to fund the redemption of the Senior Notes from a draw under its revolving credit facility. The Senior Notes will no longer be outstanding after the Redemption Date, and other than the rights of holders to receive payment of the redemption amount of the Senior Notes, all rights with respect to the Senior Notes will cease to accrue on the Redemption Date.

Protective Life Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Protective Life Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net income was $108.0 million or $1.33 per average diluted share, compared to $103.2 million or $1.27 per average diluted share in the second quarter of 2013. After-tax operating income was $106.4 million or $1.31 per average diluted share, compared to $77.7 million or $0.96 per average diluted share in the second quarter of 2013. Operating income before income tax was $159.8 million compared with $117.9 million a year ago. Rolling 12-month operating ROE was 12.4%. Total revenues were $1.15 billion, compared to of $956.36 million for the same quarter ended June 30, 2013. For the six months, the company's net income was $191.6 million or $2.36 per average diluted share, compared to $181.5 million or $2.24 per average diluted share for the six months ended June 30, 2013. After-tax operating income was $202.9 million or $2.50 per average diluted share, compared to $149.2 million or $1.84 per average diluted share for the six months ended June 30, 2013. Total revenues were $2.25 billion, compared to $1.89 billion for the same period ended June 30, 2013.

Protective Life Corporation Declares Quarterly Dividend, Payable on September 2, 2014

The Board of Directors of Protective Life Corporation declared a quarterly dividend of $0.24 per share. The dividend is to be paid on September 2, 2014, to share owners of record at the close of business on August 18, 2014.

 

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Industry Analysis

PL

Industry Average

Valuation PL Industry Range
Price/Earnings 14.0x
Price/Sales 1.4x
Price/Book 1.2x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
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