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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) JULY 25, 1995
PROTECTIVE LIFE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-9924 95-2492236
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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 July 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: July 25, 1995
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Exhibit A
July 25, 1995
FOR IMMEDIATE RELEASE
PROTECTIVE LIFE CORPORATION ANNOUNCES EARNINGS
Protective Life Corporation (NYSE:PL) announced second quarter results today.
The Company's operating income, which excludes realized investment gains and
losses and related amortization, was a record $.67 per share in the 1995 second
quarter, a 12% increase over the $.60 per share last year. Consolidated net
income for the second quarter of 1995 was $17.9 million or $.62 per share,
compared to $16.4 million or $.60 per share reported for the 1994 second
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 $1.30 per share in the first six months of
1995, a 13% increase over the $1.15 per share reported for the first six months
of 1994. Consolidated net income in the first six months of 1995 was $36.9
million or $1.31 per share, compared to $33.0 million or $1.21 per share last
year.
At June 30, 1995, the Company's assets were $6.8 billion. Stockholders' equity
per share was $15.22 (excluding $.59 per share of unrealized investment gains
resulting from marking the Company's securities to market values).
Operating return on average equity for the twelve months ending June 30, 1995
was 18.6%. (Average equity excludes the effect of unrealized gains and losses
on stockholders' equity.)
