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Protective Life Corporation (PL)

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  • Jun. 4, 2014, 5:50 AM
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  • Jun. 2, 2014, 7:31 AM
  • Apr. 11, 2013, 4:19 AM
    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)
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  • Mar. 27, 2013, 5:51 AM
    Protective Life Insurance (PL) is reportedly in the lead to buy some of the U.S. life insurance assets of France's Axa (AXAHF.PK) in a transaction that could be worth $1B, or more than a third of Protective's market cap of $2.8B. A deal would help the firm expand beyond its main focus of variable annuity business, which is becoming harder to manage.
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Company Description
Protective Life Corporation is a holding company, whose subsidiaries provide financial services through the production, distribution, and administration of insurance and investment products.
Sector: Financial
Industry: Life Insurance
Country: United States