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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) OCTOBER 25, 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 October 25, 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
Jerry W. DeFoor
Vice President and Controller
Dated: October 25, 1995
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Exhibit A
October 25, 1995
FOR IMMEDIATE RELEASE
PROTECTIVE LIFE CORPORATION ANNOUNCES EARNINGS
Protective Life Corporation (NYSE:PL) announced third quarter results today.
The Company's operating income, which excludes realized investment gains and
losses and related amortization, was a record $.68 per share in the 1995 third
quarter, a 11% increase over the $.61 per share last year. Consolidated net
income for the third quarter of 1995 was $20.9 million or $.72 per share,
compared to $18.7 million or $.68 per share reported for the 1994 third
quarter. All prior period results have been restated to reflect a two-for-one
stock split on June 1, 1995.
The Company's operating income was $1.98 per share in the first nine months of
1995, a 13% increase over the $1.76 per share reported for the first nine
months of 1994. Consolidated net income in the first nine months of 1995 was
$57.7 million or $2.03 per share, compared to $51.7 million or $1.89 per share
last year.
At September 30, 1995, the Company's assets were $7.1 billion. Stockholders'
equity per share was $15.79 (excluding $.79 per share of unrealized invest-
ment gains resulting from marking the Company's securities to market values).
Operating return on average equity for the twelve months ending September 30,
1995 was 17.9%. (Average equity excludes the effect of unrealized gains and
losses on stockholders' equity.)
