SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2012

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

PROTECTIVE LIFE INSURANCE COMPANY AND SUBSIDIARIES

															Amortization
	Deferred						Stable Value								of Deferred
	Policy						Products,								Policy
	Acquisition						Annuity								Acquisitions
	Costs and						Contracts and		Net				Benefits		Costs and
	Value of		Future Policy				Other		Premiums		Net		and		Value of		Other
	Businesses		Benefits and		Unearned		Policyholders’		and Policy		Investment		Settlement		Businesses		Operating		Premiums
Segment	Acquired		Claims		Premiums		Funds		Fees		Income(1)		Expenses		Acquired		Expenses(1)		Written(2)
	(Dollars In Thousands)
For The Year Ended December 31, 2012:
Life Marketing	$	2,001,708	$	12,733,602	$	698,862	$	277,919	$	743,361	$	486,374	$	1,054,645	$	45,079	$	31,816	$	161
Acquisitions	679,746		7,666,423		8,367		3,514,838		459,835		550,334		716,893		77,251		51,714		29,874
Annuities	491,184		1,102,577		103,316		7,372,471		97,902		504,342		369,622		45,319		100,848		—
Stable Value Products	1,399		—		—		2,510,559		—		128,239		64,790		947		2,174		—
Asset Protection	50,253		51,279		540,766		1,790		168,656		19,698		91,778		22,569		170,034		159,927
Corporate and Other	1,066		72,184		1,561		58,430		19,539		100,351		19,393		1,018		130,591		19,456
Total	$	3,225,356	$	21,626,065	$	1,352,872	$	13,736,007	$	1,489,293	$	1,789,338	$	2,317,121	$	192,183	$	487,177	$	209,418
For The Year Ended December 31, 2011:
Life Marketing	$	1,912,916	$	11,755,841	$	589,027	$	274,870	$	744,819	$	446,014	$	978,098	$	87,461	$	32,258	$	196
Acquisitions	824,277		7,804,207		6,792		3,669,366		414,823		529,261		662,293		75,041		55,792		22,386
Annuities	435,462		1,175,690		103,314		7,497,370		68,319		507,229		390,788		57,201		84,996		—
Stable Value Products	2,347		—		—		2,769,510		—		145,150		81,256		4,556		2,557		—
Asset Protection	46,606		53,987		517,274		1,645		170,898		21,650		88,257		22,607		154,831		161,387
Corporate and Other	1,612		78,002		1,851		50,113		21,361		104,140		21,528		2,654		131,136		21,107
Total	$	3,223,220	$	20,867,727	$	1,218,258	$	14,262,874	$	1,420,220	$	1,753,444	$	2,222,220	$	249,520	$	461,570	$	205,076
For The Year Ended December 31, 2010:
Life Marketing	$	1,826,001	$	10,910,433	$	520,589	$	275,325	$	736,252	$	387,953	$	921,765	$	47,809	$	34,855	$	246
Acquisitions	810,681		6,241,033		16,329		3,857,946		246,698		458,703		512,433		64,410		25,559		766
Annuities	368,279		1,231,374		93,609		6,985,784		42,650		482,264		407,455		76		68,106		—
Stable Value Products	6,903		—		—		3,076,233		—		171,327		123,365		5,430		3,325		—
Asset Protection	48,048		63,357		509,273		2,258		178,883		23,959		86,799		25,077		133,454		168,762
Corporate and Other	3,497		84,068		2,125		48,216		24,162		100,639		24,575		1,694		117,621		23,961
Total	$	3,063,409	$	18,530,265	$	1,141,925	$	14,245,762	$	1,228,645	$	1,624,845	$	2,076,392	$	144,496	$	382,920	$	193,735

(1)Allocations of Net Investment Income and Other Operating Expenses are based on a number of assumptions and estimates and results would change if different methods were applied.

(2) Excludes Life Insurance

- Definition

The entire disclosure for required supplementary insurance information giving segment detail in support of various balance sheet and income statement captions. The balance sheet information generally is presented as of the date of each audited balance sheet filed, and the income statement information generally is presented for each period for which an audited income statement is required to be filed. Supplementary insurance information table includes segment name; deferred policy acquisition costs; future policy benefits, losses, claims and loss expenses; unearned premiums; other policy claims and benefits payable; premium revenue; net investment income; benefits, claims, losses and settlement expenses; amortization of deferred policy acquisition costs; other operating expenses; and premiums written.

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