Protective Life beats by $0.02

Protective Life (PL): Q3 EPS of $0.98 beats by $0.02. (PR)

Comments (1)
  • spiced_alpha
    , contributor
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    PL shows sequentially and Y-T-Y double digit declines in product sales (35% YTY). The company reports 28% higher OI than 3Q12, 40% of which coming from Annuities. At the same time they report Derivatives gains of $0.46 per share almost half of the GAAP Net EPS $1.15. So is the gain in annuities coming from gains in Derivatives? In addition they report realized investment gains of $29 million, yet after tax realized investment losses of $26.4 million! Auditors should be busy making sense of these numbers.
    12 Nov 2013, 08:27 PM Reply Like
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