Protective Life (PL) has agreed to acquire Mony Life Insurance Company from France's AXA...


Protective Life (PL) has agreed to acquire Mony Life Insurance Company from France's AXA (AXAHF.PK) for $1.06B, with the deal forecast to add $0.10-0.15 to Protective Life's EPS in 2013 and $0.55-0.65 in 2014. "This book of business, comprised primarily of life insurance policies written prior to 2004...should produce a steady and predictable stream of earnings for many years to come," says Protective Life CEO John Johns. (PR) (previous)

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs