SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2011

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

SCHEDULE III—SUPPLEMENTARY INSURANCE INFORMATION
PROTECTIVE LIFE CORPORATION AND SUBSIDIARIES

Segment	Deferred Policy Acquisition Costs and Value of Businesses Acquired		Future Policy Benefits and Claims		Unearned Premiums		Stable Value Products, Annuity Contracts and Other Policyholders' Funds		Net Premiums and Policy Fees		Net Investment Income(1)		Benefits and Settlement Expenses		Amortization of Deferred Policy Acquisitions Costs and Value of Businesses Acquired			Other Operating Expenses(1)		Premiums Written(2)
	(Dollars In Thousands)
For The Year Ended December 31, 2011:
Life Marketing	$	2,582,687	$	11,755,841	$	589,027	$	274,870	$	744,819	$	446,175	$	978,098	$	120,884		$	86,045	$	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		548,494		1,175,690		103,314		7,497,370		68,319		507,230		390,788		71,060			54,178		—
Stable Value Products		2,347		—		—		2,769,510		—		145,150		81,256		4,556			2,557		—
Asset Protection		77,340		54,249		557,801		1,645		156,143		26,501		99,510		41,728			111,126		146,632
Corporate and Other		1,612		78,002		1,851		50,113		21,361		166,326		21,528		2,654			199,896		21,107
Total	$	4,036,757	$	20,867,989	$	1,258,785	$	14,262,874	$	1,405,465	$	1,820,643	$	2,233,473	$	315,923		$	509,594	$	190,321
For The Year Ended December 31, 2010:
Life Marketing	$	2,475,621	$	10,910,433	$	520,589	$	275,325	$	736,252	$	388,061	$	921,765	$	91,363		$	58,794	$	246
Acquisitions		810,681		6,241,033		16,329		3,857,946		246,698		458,703		512,433		64,410			25,559		766
Annuities		471,163		1,231,374		93,609		6,985,784		42,650		482,264		407,455		(3,182	)		36,770		—
Stable Value Products		6,903		—		—		3,076,233		—		171,327		123,365		5,430			3,325		—
Asset Protection		83,878		63,656		550,176		2,371		167,292		28,820		99,836		50,007			87,822		157,137
Corporate and Other		3,497		84,068		2,125		48,216		24,162		154,501		24,575		1,694			197,471		23,961
Total	$	3,851,743	$	18,530,564	$	1,182,828	$	14,245,875	$	1,217,054	$	1,683,676	$	2,089,429	$	209,722		$	409,741	$	182,110
For The Year Ended December 31, 2009:
Life Marketing	$	2,277,256	$	9,969,274	$	539,061	$	234,467	$	653,441	$	362,108	$	782,372	$	144,125		$	32,073	$	492
Acquisitions		839,829		5,878,326		21,805		3,896,074		261,516		479,743		532,992		59,025			14,768		854
Annuities		430,704		1,296,249		54,748		6,248,437		33,831		440,097		350,850		81,928			26,294		—
Stable Value Products		12,112		—		—		3,581,150		—		221,688		154,555		3,471			3,565		—
Asset Protection		97,499		96,027		603,030		2,504		187,294		33,157		127,314		55,120			71,340		175,523
Corporate and Other		5,950		87,404		2,344		44,635		26,564		128,243		29,896		1,900			179,660		26,413
Total	$	3,663,350	$	17,327,280	$	1,220,988	$	14,007,267	$	1,162,646	$	1,665,036	$	1,977,979	$	345,569		$	327,700	$	203,282

⁽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.