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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) APRIL 26, 1995
PROTECTIVE LIFE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-9924 95-2492236
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2801 HIGHWAY 280 SOUTH, BIRMINGHAM, ALABAMA 35223
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 879-9230
N/A
(Former name or former address, if changed since last report.)
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Item 5. OTHER EVENTS.
On April 26, 1995, Registrant issued a press release with respect to its
earnings which is attached hereto as Exhibit A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PROTECTIVE LIFE CORPORATION
BY /s/ Jerry W. DeFoor
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Jerry W. DeFoor
Vice President and Controller
Dated: April 27, 1995
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EXHIBIT A
April 26, 1995
FOR IMMEDIATE RELEASE
PROTECTIVE LIFE CORPORATION ANNOUNCES RECORD EARNINGS
Protective Life Corporation (NYSE: PL) announced first quarter results today.
The Company's operating income, which excludes realized investment gains and
related amortization, was a record $1.26 per share in the 1995 first quarter, a
16% increase over the $1.09 per share last year. Consolidated net income for
the first quarter of 1995 was $19.0 million or $1.38 per share, also a record,
representing a 14% increase over the $16.6 million or $1.21 per share reported
for the 1994 first quarter.
Drayton Nabers, Jr., President and Chief Executive Officer of the Company
commented: "Our first quarter earnings were in line with our plans. We are
pleased with our sales momentum and believe our Company is well positioned to
continue its growth."
At March 31, 1995, the Company's assets were $6.5 billion. Stockholders' equity
per share was $29.52 (excluding $4.18 per share of unrealized investment losses
resulting from marking the Company's securities to market values).
Operating return on average equity for the twelve months ending March 31, 1995
was 18.5%. (Average equity excludes the effect of unrealized losses on
stockholders' equity.)
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