It's been a good year to be a Protective Life Corp. (PL) shareholder. After starting the year around $30/share, the market value of the firm has advanced by nearly 66% YTD; a staggering figure for the Birmingham AL-based $3.8B company. Contrary to what the firm's name implies, the company is not actually a life insurance company, or at least not only a life insurance company.
PL actually has five segments; life marketing, acquisitions, annuities, stable value products, and asset protection. The uniting theme here of course is that all of the segments have value to people in stabilizing their future and protecting against uncertainty. The life insurance segment sells universal life insurance and variable life insurance through a...
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