-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KxXRSQlA2ls3czP+mtpHkk6AKjhU+wISiggnOCZvIKbHYN8VNbo/XtaZLdAzzZMF svJ9IKWe9RX9V3I/XbvUmg== 0000355429-99-000027.txt : 19991027 0000355429-99-000027.hdr.sgml : 19991027 ACCESSION NUMBER: 0000355429-99-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991026 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROTECTIVE LIFE CORP CENTRAL INDEX KEY: 0000355429 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 952492236 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12332 FILM NUMBER: 99733749 BUSINESS ADDRESS: STREET 1: 2801 HGWY 280 S CITY: BIRMINGHAM STATE: AL ZIP: 35223 BUSINESS PHONE: 2058799230 MAIL ADDRESS: STREET 1: PO BOX 2606 CITY: BIRMINGHAM STATE: AL ZIP: 35202 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) OCTOBER 26, 1999 PROTECTIVE LIFE CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 1-12332 95-2492236 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2801 HIGHWAY 280 SOUTH, BIRMINGHAM, ALABAMA 35223 (Address of principal executive offices) (Zip Code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (205) 879-9230 N/A (Former name or former address, if changed since last report.) 1 ITEM 5. OTHER EVENTS. On October 26, 1999, Registrant issued a press release with respect to its earnings which is included as an Exhibit to this Current Report and incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (C) EXHIBITS The following exhibit is included herein. Exhibit 99: Press Release dated October 26, 1999. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PROTECTIVE LIFE CORPORATION BY/S/JERRY W. DEFOOR Jerry W. DeFoor Vice President and Controller Dated: October 26, 1999 2 Exhibit Index EXHIBIT NUMBER DESCRIPTION PAGE NUMBER 99. Press Release Dated October 26, 1999 3 EX-99 2 Exhibit 99 PROTECTIVE ANNOUNCES RECORD 3Q99 EARNINGS BIRMINGHAM, Alabama (October 26, 1999) Protective Life Corporation (NYSE:PL) announced third quarter results today. The Company's diluted operating income was a record $.61 per share, a 17% increase over the $.52 per share last year. In the first nine months of 1999, the Company's diluted operating income was $1.74 per share, a 17% increase over the $1.49 per share last year. Drayton Nabers, Jr., Chairman and Chief Executive Officer of the Company, stated: "We are very pleased with our results in the third quarter and year to date. Our growth, both in earnings and sales, is well distributed and our pending acquisition should contribute to our momentum." Diluted net income was $.57 per share in the 1999 third quarter compared to $.52 per share last year, and $1.67 per share for the first nine months of 1999 compared to $1.51 per share last year. Consolidated net income was $37.3 million in the 1999 third quarter compared to $33.5 million last year, and $110.4 million for the first nine months of 1999 compared to $96.0 million last year. At September 30, 1999, the Company's assets were approximately $12.5 billion. Share-owners' equity per share was $15.17 excluding $1.31 per share of unrealized investment losses resulting from marking the Company's securities to market value. Operating return on average equity for the twelve months ending September 30, 1999, was 16.5%. THIS RELEASE INCLUDES "FORWARD-LOOKING STATEMENTS" WHICH EXPRESS EXPECTATIONS OF FUTURE EVENTS AND/OR RESULTS. ALL STATEMENTS BASED ON FUTURE EXPECTATIONS RATHER THAN ON HISTORICAL FACTS ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES, AND THE COMPANY CANNOT GIVE ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE CORRECT. PLEASE REFER TO EXHIBIT 99 OF THE COMPANY'S MOST RECENT FORM 10-Q FOR MORE INFORMATION ABOUT FACTORS WHICH COULD AFFECT FUTURE RESULTS. 4 -----END PRIVACY-ENHANCED MESSAGE-----