10-Q Filing

PROTECTIVE LIFE CORP CIK: 355429 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-035130`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	pl-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 131 Income Statement 53 Cash Flow Statement 92 Stockholders Equity 15 Comprehensive Income 33

Balance Sheet 131 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities, amortized cost	`FixedMaturitiesAmortizedCost`	$26.14B	USD	Point-in-time
Fixed maturities, amortized cost	`FixedMaturitiesAmortizedCost`	$26.31B	USD	Point-in-time
Equity securities, cost	`EquitySecuritiesCost`	$345.87M	USD	Point-in-time
Equity securities, cost	`EquitySecuritiesCost`	$363.31M	USD	Point-in-time
Mortgage loans, related to securitizations	`MortgageLoanSecuritizations`	$858.14M	USD	Point-in-time
Mortgage loans, related to securitizations	`MortgageLoanSecuritizations`	$842.99M	USD	Point-in-time
Investment real estate, accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.55M	USD	Point-in-time
Investment real estate, accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.64M	USD	Point-in-time
Accounts and premiums receivable, allowance for uncollectible amounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$3.90M	USD	Point-in-time
Accounts and premiums receivable, allowance for uncollectible amounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$3.87M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$136.62M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$134.92M	USD	Point-in-time
Fixed maturities, at fair value (amortized cost: 2012 - $26,314,339; 2011 - $26,137,960)	`MarketableSecuritiesFixedMaturities`	$28.19B	USD	Point-in-time
Fixed maturities, at fair value (amortized cost: 2012 - $26,314,339; 2011 - $26,137,960)	`MarketableSecuritiesFixedMaturities`	$27.98B	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Equity securities, at fair value (cost: 2012 - $363,315; 2011 - $345,874)	`MarketableSecuritiesEquitySecurities`	$360.53M	USD	Point-in-time
Equity securities, at fair value (cost: 2012 - $363,315; 2011 - $345,874)	`MarketableSecuritiesEquitySecurities`	$335.23M	USD	Point-in-time
Mortgage loans (includes amounts related to securitizations of: 2012 - $842,994; 2011 - $858,139)	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$5.35B	USD	Point-in-time
Mortgage loans (includes amounts related to securitizations of: 2012 - $842,994; 2011 - $858,139)	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$5.31B	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred Stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investment real estate, net of accumulated depreciation (2012 - $1,644; 2011 - $1,547)	`RealEstateInvestmentPropertyNet`	$29.90M	USD	Point-in-time
Investment real estate, net of accumulated depreciation (2012 - $1,644; 2011 - $1,547)	`RealEstateInvestmentPropertyNet`	$31.53M	USD	Point-in-time
Preferred Stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Policy loans	`LoansInsurancePolicy`	$879.82M	USD	Point-in-time
Policy loans	`LoansInsurancePolicy`	$877.85M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$324.00M	USD	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$257.71M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	88.78M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$101.49M	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$110.19M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	88.78M	shares	Point-in-time
Total investments	`Investments`	$35.21B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.11M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.78M	shares	Point-in-time
Total investments	`Investments`	$34.94B	USD	Point-in-time
Net unrealized gains (losses) on investments, income tax	`AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestmentsTaxEffect`	$589.13M	USD	Point-in-time
Cash	`Cash`	$267.30M	USD	Point-in-time
Cash	`Cash`	$264.43M	USD	Point-in-time
Net unrealized gains (losses) on investments, income tax	`AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestmentsTaxEffect`	$593.99M	USD	Point-in-time
Cash	`Cash`	$230.94M	USD	Point-in-time
Cash	`Cash`	$175.35M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$362.84M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$350.58M	USD	Point-in-time
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, income tax	`AccumulatedOtherComprehensiveIncomeLossUnrealizedOtherThanTemporaryImpairmentLossesTaxEffect`	$-18.43M	USD	Point-in-time
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, income tax	`AccumulatedOtherComprehensiveIncomeLossUnrealizedOtherThanTemporaryImpairmentLossesTaxEffect`	$-16.86M	USD	Point-in-time
Accounts and premiums receivable, net of allowance for uncollectible amounts (2012 - $3,866; 2011 - $3,899)	`PremiumsAndOtherReceivablesNet`	$84.75M	USD	Point-in-time
Accumulated loss - derivatives, income tax	`AccumulatedOtherComprehensiveIncomeLossAccumulatedGainLossOnHedgingTax`	$-1.00M	USD	Point-in-time
Accumulated loss - derivatives, income tax	`AccumulatedOtherComprehensiveIncomeLossAccumulatedGainLossOnHedgingTax`	$-4.11M	USD	Point-in-time
Accounts and premiums receivable, net of allowance for uncollectible amounts (2012 - $3,866; 2011 - $3,899)	`PremiumsAndOtherReceivablesNet`	$90.37M	USD	Point-in-time
Reinsurance receivables	`ReinsuranceRecoverables`	$5.65B	USD	Point-in-time
Reinsurance receivables	`ReinsuranceRecoverables`	$5.67B	USD	Point-in-time
Postretirement benefits liability adjustment, income tax	`AccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityAdjustmentTax`	$-36.70M	USD	Point-in-time
Postretirement benefits liability adjustment, income tax	`AccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityAdjustmentTax`	$-35.97M	USD	Point-in-time
Deferred policy acquisition costs and value of business acquired	`DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired`	$3.25B	USD	Point-in-time
Deferred policy acquisition costs and value of business acquired	`DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired`	$3.23B	USD	Point-in-time
Goodwill	`Goodwill`	$110.88M	USD	Point-in-time
Goodwill	`Goodwill`	$111.66M	USD	Point-in-time
Property and equipment, net of accumulated depreciation (2012 - $136,620; 2011 - $134,924)	`PropertyPlantAndEquipmentNet`	$48.58M	USD	Point-in-time
Property and equipment, net of accumulated depreciation (2012 - $136,620; 2011 - $134,924)	`PropertyPlantAndEquipmentNet`	$48.60M	USD	Point-in-time
Other assets	`OtherAssets`	$163.36M	USD	Point-in-time
Other assets	`OtherAssets`	$150.55M	USD	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$50.78M	USD	Point-in-time
Variable annuity	`AssetsRelatedToSeparateAccountsVariableAnnuity`	$6.74B	USD	Point-in-time
Variable annuity	`AssetsRelatedToSeparateAccountsVariableAnnuity`	$7.70B	USD	Point-in-time
Variable universal life	`AssetsRelatedToSeparateAccountsVariableUniversalLife`	$554.82M	USD	Point-in-time
Variable universal life	`AssetsRelatedToSeparateAccountsVariableUniversalLife`	$502.62M	USD	Point-in-time
Total assets	`Assets`	$52.14B	USD	Point-in-time
Total assets	`Assets`	$53.32B	USD	Point-in-time
Policy liabilities and accruals	`PolicyLiabilitiesAndAccruals`	$22.13B	USD	Point-in-time
Policy liabilities and accruals	`PolicyLiabilitiesAndAccruals`	$22.27B	USD	Point-in-time
Stable value product account balances	`StableValueProductAccountBalances`	$2.77B	USD	Point-in-time
Stable value product account balances	`StableValueProductAccountBalances`	$2.77B	USD	Point-in-time
Annuity account balances	`AnnuityAccountBalances`	$10.86B	USD	Point-in-time
Annuity account balances	`AnnuityAccountBalances`	$10.95B	USD	Point-in-time
Other policyholders' funds	`OtherPolicyholderFunds`	$546.52M	USD	Point-in-time
Other policyholders' funds	`OtherPolicyholderFunds`	$537.91M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.07B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.06B	USD	Point-in-time
Mortgage loan backed certificates	`LongTermDebtCurrent`	$19.75M	USD	Point-in-time
Mortgage loan backed certificates	`LongTermDebtCurrent`	$8.83M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$1.26B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$1.24B	USD	Point-in-time
Income tax payable	`TaxesPayableCurrentAndNoncurrent`	$22.73M	USD	Point-in-time
Non-recourse funding obligations	`NonrecourseFundingObligations`	$297.00M	USD	Point-in-time
Non-recourse funding obligations	`NonrecourseFundingObligations`	$407.80M	USD	Point-in-time
Repurchase program borrowings	`ReverseRepurchaseLiability`	$221.57M	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$1.48B	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$1.52B	USD	Point-in-time
Subordinated debt securities	`SubordinatedDebt`	$524.74M	USD	Point-in-time
Subordinated debt securities	`SubordinatedDebt`	$524.74M	USD	Point-in-time
Variable annuity	`LiabilitiesRelatedToSeparateAccountsVariableAnnuity`	$6.74B	USD	Point-in-time
Variable annuity	`LiabilitiesRelatedToSeparateAccountsVariableAnnuity`	$7.70B	USD	Point-in-time
Variable universal life	`LiabilitiesRelatedToSeparateAccountsVariableUniversalLife`	$554.82M	USD	Point-in-time
Variable universal life	`LiabilitiesRelatedToSeparateAccountsVariableUniversalLife`	$502.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$49.54B	USD	Point-in-time
Total liabilities	`Liabilities`	$48.43B	USD	Point-in-time
Commitments and contingencies - Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $1 par value, shares authorized: 4,000,000; Issued: None	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $1 par value, shares authorized: 4,000,000; Issued: None	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $.50 par value, shares authorized: 2012 and 2011 - 160,000,000; shares issued: 2012 and 2011 - 88,776,960	`CommonStockValue`	$44.39M	USD	Point-in-time
Common Stock, $.50 par value, shares authorized: 2012 and 2011 - 160,000,000; shares issued: 2012 and 2011 - 88,776,960	`CommonStockValue`	$44.39M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$598.11M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$593.93M	USD	Point-in-time
Treasury stock, at cost (2012 - 7,778,530 shares; 2011 - 7,107,765 shares)	`TreasuryStockValue`	$131.58M	USD	Point-in-time
Treasury stock, at cost (2012 - 7,778,530 shares; 2011 - 7,107,765 shares)	`TreasuryStockValue`	$107.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.28B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.19B	USD	Point-in-time
Net unrealized gains (losses) on investments, net of income tax: (2012 -$593,991; 2011 - $589,132)	`AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestments`	$1.10B	USD	Point-in-time
Net unrealized gains (losses) on investments, net of income tax: (2012 -$593,991; 2011 - $589,132)	`AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestments`	$1.09B	USD	Point-in-time
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2012 - $(16,857); 2011 - $(18,428))	`AccumulatedOtherComprehensiveIncomeLossUnrealizedOtherThanTemporaryImpairmentLosses`	$34.22M	USD	Point-in-time
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2012 - $(16,857); 2011 - $(18,428))	`AccumulatedOtherComprehensiveIncomeLossUnrealizedOtherThanTemporaryImpairmentLosses`	$31.31M	USD	Point-in-time
Accumulated loss - derivatives, net of income tax: (2012 - $(1,004); 2011 - $(4,111))	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-7.63M	USD	Point-in-time
Accumulated loss - derivatives, net of income tax: (2012 - $(1,004); 2011 - $(4,111))	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-1.86M	USD	Point-in-time
Postretirement benefits liability adjustment, net of income tax: (2012 -$(36,698); 2011 - $(35,970))	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$68.15M	USD	Point-in-time
Postretirement benefits liability adjustment, net of income tax: (2012 -$(36,698); 2011 - $(35,970))	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$66.80M	USD	Point-in-time
Total Protective Life Corporation's shareowners' equity	`StockholdersEquity`	$3.71B	USD	Point-in-time
Total Protective Life Corporation's shareowners' equity	`StockholdersEquity`	$3.79B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-750.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-750.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.71B	USD	Point-in-time
Total liabilities and shareowners' equity	`LiabilitiesAndStockholdersEquity`	$52.14B	USD	Point-in-time
Total liabilities and shareowners' equity	`LiabilitiesAndStockholdersEquity`	$53.32B	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Benefits and settlement expenses, reinsurance ceded	`ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded`	$313.11M	USD	1 Quarter
Benefits and settlement expenses, reinsurance ceded	`ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded`	$281.81M	USD	1 Quarter
Other operating expenses, reinsurance ceded	`OtherOperatingExpensesReinsuranceCeded`	$46.63M	USD	1 Quarter
Other operating expenses, reinsurance ceded	`OtherOperatingExpensesReinsuranceCeded`	$45.26M	USD	1 Quarter
Premiums and policy fees	`PremiumsAndPolicyFees`	$666.34M	USD	1 Quarter
Premiums and policy fees	`PremiumsAndPolicyFees`	$696.30M	USD	1 Quarter
Reinsurance ceded	`ReinsuranceCeded`	$331.81M	USD	1 Quarter
Reinsurance ceded	`ReinsuranceCeded`	$304.56M	USD	1 Quarter
Net of reinsurance ceded	`NetOfReinsuranceCeded`	$334.54M	USD	1 Quarter
Net of reinsurance ceded	`NetOfReinsuranceCeded`	$391.75M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$462.12M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$444.21M	USD	1 Quarter
Derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-29.91M	USD	1 Quarter
Derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-12.69M	USD	1 Quarter
All other investments	`RealizedInvestmentGainsLossesAllOtherInvestments`	$4.47M	USD	1 Quarter
All other investments	`RealizedInvestmentGainsLossesAllOtherInvestments`	$35.73M	USD	1 Quarter
Other-than-temporary impairment losses	`MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount`	$34.42M	USD	1 Quarter
Other-than-temporary impairment losses	`MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount`	$16.02M	USD	1 Quarter
Portion recognized in other comprehensive income (before taxes)	`OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax`	$10.36M	USD	1 Quarter
Portion recognized in other comprehensive income (before taxes)	`OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax`	$15.66M	USD	1 Quarter
Net impairment losses recognized in earnings	`NetOtherThanTemporaryImpairmentLossesRecognizedInEarnings`	$18.76M	USD	1 Quarter
Net impairment losses recognized in earnings	`NetOtherThanTemporaryImpairmentLossesRecognizedInEarnings`	$5.66M	USD	1 Quarter
Other income	`OtherIncome`	$72.21M	USD	1 Quarter
Other income	`OtherIncome`	$111.26M	USD	1 Quarter
Total revenues	`Revenues`	$837.08M	USD	1 Quarter
Total revenues	`Revenues`	$952.18M	USD	1 Quarter
Benefits and settlement expenses, net of reinsurance ceded: (three months: 2012 - $281,807; 2011 - $313,106)	`PolicyholderBenefitsAndClaimsIncurredNet`	$536.37M	USD	1 Quarter
Benefits and settlement expenses, net of reinsurance ceded: (three months: 2012 - $281,807; 2011 - $313,106)	`PolicyholderBenefitsAndClaimsIncurredNet`	$589.63M	USD	1 Quarter
Amortization of deferred policy acquisition costs and value of business acquired	`AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired`	$65.23M	USD	1 Quarter
Amortization of deferred policy acquisition costs and value of business acquired	`AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired`	$56.84M	USD	1 Quarter
Other operating expenses, net of reinsurance ceded: (three months: 2012 - $46,631; 2011 - $45,260)	`OtherOperatingExpensesNetOfReinsuranceCeded`	$155.14M	USD	1 Quarter
Other operating expenses, net of reinsurance ceded: (three months: 2012 - $46,631; 2011 - $45,260)	`OtherOperatingExpensesNetOfReinsuranceCeded`	$144.77M	USD	1 Quarter
Total benefits and expenses	`BenefitsLossesAndExpenses`	$801.60M	USD	1 Quarter
Total benefits and expenses	`BenefitsLossesAndExpenses`	$746.37M	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$90.71M	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$150.58M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$51.56M	USD	1 Quarter
Net income	`ProfitLoss`	$58.83M	USD	1 Quarter
Net income	`ProfitLoss`	$99.02M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-51.00K	USD	1 Quarter
Net income available to PLC's common shareowners (2)	`NetIncomeLoss`	$58.88M	USD	1 Quarter
Net income available to PLC's common shareowners (2)	`NetIncomeLoss`	$99.02M	USD	1 Quarter
Net income available to PLC's common shareowners - basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Net income available to PLC's common shareowners - basic (in dollars per share)	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Net income available to PLC's common shareowners - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	1 Quarter
Net income available to PLC's common shareowners - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.16	USD	1 Quarter
Average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.33M	shares	1 Quarter
Average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.60M	shares	1 Quarter
Average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.82M	shares	1 Quarter
Average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.92M	shares	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$58.83M	USD	1 Quarter
Net income	`ProfitLoss`	$99.02M	USD	1 Quarter
Realized investment losses (gains)	`RealizedInvestmentGainsLosses`	$-13.88M	USD	1 Quarter
Realized investment losses (gains)	`RealizedInvestmentGainsLosses`	$-12.95M	USD	1 Quarter
Amortization of deferred policy acquisition costs and value of business acquired	`AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired`	$65.23M	USD	1 Quarter
Amortization of deferred policy acquisition costs and value of business acquired	`AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired`	$56.84M	USD	1 Quarter
Capitalization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostsAdditions`	$-95.56M	USD	1 Quarter
Capitalization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostsAdditions`	$-63.97M	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.65M	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.33M	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$-18.57M	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$23.13M	USD	1 Quarter
Accrued income tax	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.16M	USD	1 Quarter
Accrued income tax	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$73.51M	USD	1 Quarter
Interest credited to universal life and investment products	`InterestCreditedToPolicyOwnerAccounts`	$-243.61M	USD	1 Quarter
Interest credited to universal life and investment products	`InterestCreditedToPolicyOwnerAccounts`	$-237.39M	USD	1 Quarter
Policy fees assessed on universal life and investment products	`PolicyChargesInsurance`	$165.56M	USD	1 Quarter
Policy fees assessed on universal life and investment products	`PolicyChargesInsurance`	$188.79M	USD	1 Quarter
Change in reinsurance receivables	`IncreaseDecreaseInReinsuranceRecoverable`	$29.19M	USD	1 Quarter
Change in reinsurance receivables	`IncreaseDecreaseInReinsuranceRecoverable`	$51.16M	USD	1 Quarter
Change in accrued investment income and other receivables	`ChangeInAccruedInvestmentIncomeAndOtherReceivables`	$9.78M	USD	1 Quarter
Change in accrued investment income and other receivables	`ChangeInAccruedInvestmentIncomeAndOtherReceivables`	$15.22M	USD	1 Quarter
Change in policy liabilities and other policyholders' funds of traditional life and health products	`IncreaseDecreaseInInsuranceLiabilities`	$-14.04M	USD	1 Quarter
Change in policy liabilities and other policyholders' funds of traditional life and health products	`IncreaseDecreaseInInsuranceLiabilities`	$-11.71M	USD	1 Quarter
Maturities and principal reductions of investments	`TradingSecuritiesMaturitiesAndPrincipalReductionsOfInvestments`	$98.46M	USD	1 Quarter
Maturities and principal reductions of investments	`TradingSecuritiesMaturitiesAndPrincipalReductionsOfInvestments`	$105.17M	USD	1 Quarter
Sale of investments	`TradingSecuritiesSaleOfInvestments`	$273.03M	USD	1 Quarter
Sale of investments	`TradingSecuritiesSaleOfInvestments`	$300.01M	USD	1 Quarter
Cost of investments acquired	`TradingSecuritiesCostOfInvestmentsAcquired`	$275.88M	USD	1 Quarter
Cost of investments acquired	`TradingSecuritiesCostOfInvestmentsAcquired`	$371.03M	USD	1 Quarter
Other net change in trading securities	`TradingSecuritiesOtherNetChangeInTradingSecurities`	$-36.91M	USD	1 Quarter
Other net change in trading securities	`TradingSecuritiesOtherNetChangeInTradingSecurities`	$17.62M	USD	1 Quarter
Change in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-117.18M	USD	1 Quarter
Change in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-26.87M	USD	1 Quarter
Other income - surplus note repurchase	`IncreaseDecreaseInOtherIncomeFromSurplusNoteRepurchase`	$35.46M	USD	1 Quarter
Other income - surplus note repurchase	`IncreaseDecreaseInOtherIncomeFromSurplusNoteRepurchase`	$10.10M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.90M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$15.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$110.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.02M	USD	1 Quarter
Maturities and principal reductions of investments, available-for-sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$314.92M	USD	1 Quarter
Maturities and principal reductions of investments, available-for-sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$653.26M	USD	1 Quarter
Sale of investments, available-for-sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$284.57M	USD	1 Quarter
Sale of investments, available-for-sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$719.03M	USD	1 Quarter
Cost of investments acquired, available-for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$1.20B	USD	1 Quarter
Cost of investments acquired, available-for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$998.31M	USD	1 Quarter
New lendings	`PaymentsToAcquireMortgageNotesReceivable`	$81.23M	USD	1 Quarter
New lendings	`PaymentsToAcquireMortgageNotesReceivable`	$128.64M	USD	1 Quarter
Repayments	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$136.97M	USD	1 Quarter
Repayments	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$117.11M	USD	1 Quarter
Change in investment real estate, net	`RealEstatePeriodIncreaseDecrease`	$2.51M	USD	1 Quarter
Change in investment real estate, net	`RealEstatePeriodIncreaseDecrease`	$-1.75M	USD	1 Quarter
Change in policy loans, net	`PaymentsForProceedsFromPolicyLoans`	$-1.97M	USD	1 Quarter
Change in policy loans, net	`PaymentsForProceedsFromPolicyLoans`	$-9.13M	USD	1 Quarter
Change in other long-term investments, net	`ChangeInOtherLongTermInvestmentsNet`	$83.84M	USD	1 Quarter
Change in other long-term investments, net	`ChangeInOtherLongTermInvestmentsNet`	$35.05M	USD	1 Quarter
Change in short-term investments, net	`PaymentsForProceedsFromShortTermInvestments`	$30.95M	USD	1 Quarter
Change in short-term investments, net	`PaymentsForProceedsFromShortTermInvestments`	$19.96M	USD	1 Quarter
Net unsettled security transactions	`UnsettledSecurityTransactionsNet`	$-93.94M	USD	1 Quarter
Net unsettled security transactions	`UnsettledSecurityTransactionsNet`	$-152.17M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.82M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.85M	USD	1 Quarter
Payments for business acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$20.42M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$31.38M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-151.08M	USD	1 Quarter
Borrowings under line of credit arrangements and debt	`BorrowingsUnderLineOfCreditArrangementsAndLongTermDebt`	$25.00M	USD	1 Quarter
Principal payments on line of credit arrangement and debt	`PrincipalPaymentsOnLineOfCreditArrangementsAndLongTermDebt`	$65.00M	USD	1 Quarter
Principal payments on line of credit arrangement and debt	`PrincipalPaymentsOnLineOfCreditArrangementsAndLongTermDebt`	$17.00M	USD	1 Quarter
Issuance (repayment) of non-recourse funding obligations	`IssuanceOfNonrecourseFundingObligations`	$-35.70M	USD	1 Quarter
Issuance (repayment) of non-recourse funding obligations	`IssuanceOfNonrecourseFundingObligations`	$-110.80M	USD	1 Quarter
Repurchase program borrowings	`ProceedsFromReverseRepurchaseLiability`	$221.57M	USD	1 Quarter
Dividends to shareowners	`PaymentsOfDividends`	$11.99M	USD	1 Quarter
Dividends to shareowners	`PaymentsOfDividends`	$13.07M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.98M	USD	1 Quarter
Investment product deposits and change in universal life deposits	`ProceedsFromAnnuitiesAndInvestmentCertificates`	$894.57M	USD	1 Quarter
Investment product deposits and change in universal life deposits	`ProceedsFromAnnuitiesAndInvestmentCertificates`	$996.37M	USD	1 Quarter
Investment product withdrawals	`RepaymentsOfAnnuitiesAndInvestmentCertificates`	$1.08B	USD	1 Quarter
Investment product withdrawals	`RepaymentsOfAnnuitiesAndInvestmentCertificates`	$895.49M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.69M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-24.91M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$27.11M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-175.16M	USD	1 Quarter
Change in cash	`CashPeriodIncreaseDecrease`	$-91.94M	USD	1 Quarter
Change in cash	`CashPeriodIncreaseDecrease`	$-33.49M	USD	1 Quarter
Cash at beginning of period	`Cash`	$175.35M	USD	Point-in-time
Cash at beginning of period	`Cash`	$267.30M	USD	Point-in-time
Cash at beginning of period	`Cash`	$264.43M	USD	Point-in-time
Cash at beginning of period	`Cash`	$230.94M	USD	Point-in-time
Cash at end of period	`Cash`	$264.43M	USD	Point-in-time
Cash at end of period	`Cash`	$230.94M	USD	Point-in-time
Cash at end of period	`Cash`	$267.30M	USD	Point-in-time
Cash at end of period	`Cash`	$175.35M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Cash dividends (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.16	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.71B	USD	Point-in-time
Net income	`NetIncomeLoss`	$58.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$99.02M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.09M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$16.36M	USD	1 Quarter
Total comprehensive income attributable to Protective Life Corporation	`ComprehensiveIncomeNetOfTax`	$115.38M	USD	1 Quarter
Total comprehensive income attributable to Protective Life Corporation	`ComprehensiveIncomeNetOfTax`	$85.97M	USD	1 Quarter
Cash dividends ($0.16 per share)	`DividendsCommonStockCash`	$13.07M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$25.98M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.04M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.71B	USD	Point-in-time

Comprehensive Income 33 line items

Line Item	Tag	Value	Unit	Period
Change in net unrealized gains (losses) on investments, income tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$18.44M	USD	1 Quarter
Change in net unrealized gains (losses) on investments, income tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$5.31M	USD	1 Quarter
Reclassification adjustment for investment amounts included in net income, income tax	`OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax`	$-449.00K	USD	1 Quarter
Reclassification adjustment for investment amounts included in net income, income tax	`OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax`	$-3.05M	USD	1 Quarter
Change in net unrealized gains (losses) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, income tax	`OtherComprehensiveIncomeUnrealizedGainLossOnOtherThanTemporaryImpairedInvestmentsArisingDuringPeriodTax`	$-3.61M	USD	1 Quarter
Change in net unrealized gains (losses) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, income tax	`OtherComprehensiveIncomeUnrealizedGainLossOnOtherThanTemporaryImpairedInvestmentsArisingDuringPeriodTax`	$1.57M	USD	1 Quarter
Change in accumulated gain (loss) derivatives, income tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$3.62M	USD	1 Quarter
Change in accumulated gain (loss) derivatives, income tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$3.41M	USD	1 Quarter
Reclassification adjustment for derivative amounts included in net income, income tax	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$-301.00K	USD	1 Quarter
Net income	`ProfitLoss`	$99.02M	USD	1 Quarter
Net income	`ProfitLoss`	$58.83M	USD	1 Quarter
Reclassification adjustment for derivative amounts included in net income, income tax	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$-361.00K	USD	1 Quarter
Change in postretirement benefits liability adjustment, income tax	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-728.00K	USD	1 Quarter
Change in postretirement benefits liability adjustment, income tax	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-451.00K	USD	1 Quarter
Change in net unrealized gains (losses) on investments, net of income tax: (2012 - $5,308; 2011 - $18,443)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.86M	USD	1 Quarter
Change in net unrealized gains (losses) on investments, net of income tax: (2012 - $5,308; 2011 - $18,443)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$34.26M	USD	1 Quarter
Reclassification adjustment for investment amounts included in net income, net of income tax: (2012 - $(449); 2011 - $(3,054))	`OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$833.00K	USD	1 Quarter
Reclassification adjustment for investment amounts included in net income, net of income tax: (2012 - $(449); 2011 - $(3,054))	`OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$5.68M	USD	1 Quarter
Change in net unrealized gains (losses) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2012 - $1,571; 2011 - $(3,608))	`OtherComprehensiveIncomeUnrealizedGainLossOnOtherThanTemporaryImpairedInvestmentsArisingDuringPeriodNetOfTax`	$2.92M	USD	1 Quarter
Change in net unrealized gains (losses) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2012 - $1,571; 2011 - $(3,608))	`OtherComprehensiveIncomeUnrealizedGainLossOnOtherThanTemporaryImpairedInvestmentsArisingDuringPeriodNetOfTax`	$-6.70M	USD	1 Quarter
Change in accumulated gain - derivatives, net of income tax: (2012 - $3,408; 2011 - $3,621)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.33M	USD	1 Quarter
Change in accumulated gain - derivatives, net of income tax: (2012 - $3,408; 2011 - $3,621)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.72M	USD	1 Quarter
Reclassification adjustment for derivative amounts included in net income, net of income tax: (2012 - $(301); 2011 - $(361))	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$559.00K	USD	1 Quarter
Reclassification adjustment for derivative amounts included in net income, net of income tax: (2012 - $(301); 2011 - $(361))	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$671.00K	USD	1 Quarter
Change in post retirement benefits liability adjustment, net of income tax: (2012 - $(728); 2011 - $(451))	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$838.00K	USD	1 Quarter
Change in post retirement benefits liability adjustment, net of income tax: (2012 - $(728); 2011 - $(451))	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.35M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.09M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$16.36M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$115.38M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$85.92M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-51.00K	USD	1 Quarter
Total comprehensive income attributable to Protective Life Corporation	`ComprehensiveIncomeNetOfTax`	$115.38M	USD	1 Quarter
Total comprehensive income attributable to Protective Life Corporation	`ComprehensiveIncomeNetOfTax`	$85.97M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.