<PAGE>
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) FEBRUARY 12, 1996
PROTECTIVE LIFE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-12332 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.)
<PAGE>
<PAGE>
Item 5. OTHER EVENTS.
On February 12, 1996, 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: February 12, 1996
<PAGE>
<PAGE>
Exhibit A
February 12, 1996
FOR IMMEDIATE RELEASE
PROTECTIVE LIFE CORPORATION ANNOUNCES EARNINGS
Protective Life Corporation (NYSE:PL) announced fourth quarter results today.
The Company's operating income, which excludes realized investment gains and
losses and related amortization, was a record $.70 per share in the 1995 fourth
quarter, a 13% increase over the $.62 per share last year in the fourth quarter.
Consolidated net income for the fourth quarter of 1995 was $18.9 million or $.65
per share, compared to $18.7 million or $.68 per share reported for the 1994
fourth quarter. All prior period results have been restated to reflect a two-
for-one stock split on June 1, 1995.
The Company's 1995 operating income was a record $2.68 per share, a 13% increase
over the $2.38 per share reported for 1994. Consolidated net income in 1995 was
$76.7 million or $2.68 per share, compared to $70.4 million or $2.57 per share
last year.
At December 31, 1995, the Company's assets were $7.2 billion, an increase of
$1.1 billion in 1995. Stockholders' equity per share was $16.29 (excluding
$2.01 per share of unrealized investment gains resulting from marking the
Company's securities to market values).
Operating return on average equity for 1995 was 17.7%. (Average equity excludes
the effect of unrealized gains and losses on stockholders' equity.)
Protective Life Corporation provides financial services through the production,
distribution and administration of insurance and investment products throughout
the United States and Hong Kong.
