After-tax operating income of $106.4M or $1.31 per share vs. $77.7M and $0.96 a year ago.
Life Marketing segment pre-tax operating income of $26.3M vs. $24.6M a year ago mostly due to higher investment income. Sales of $32.8M fell 26%.
Acquisitions segment pre-tax operating income of $64.9M up from $29.4M a year ago thanks to the MONY acquisition.
Annuities segment pre-tax operating income of $55.3M up from $36.4M primarily due to a favorable change in credited interest and lower DAC amortization. Variable annuity sales of $227.3M down from $718.9M; fixed annuity sales of $213.6M up from $138.1M.
The sale of PL to Dai-ichi Life is progressing and still expected to close late this year or early next.
Previously: Protective Life Corporation beats by $0.11
Subscribe for full text news in your inbox