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CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY (USD $)
In Thousands, unless otherwise specified
Total
Total Protective Life Corporation's shareowners' equity
Common Stock
Additional Paid-In-Capital
Treasury Stock
Unallocated Stock in ESOP
Retained Earnings
Net Unrealized Gains / (Losses) on Investments
Accumulated Gain / (Loss) Derivatives
Minimum Pension Liability Adjustments
Non controlling Interest
Comprehensive Income
Balance at Dec. 31, 2008 $ 761,095 $ 761,095 $ 36,626 $ 448,481 $ (26,978) $ (474) $ 1,970,496 $ (1,575,028) $ (46,762) $ (45,266)    
Increase (decrease) in shareowners' equity                        
Cumulative effect of changes in accounting principle, net of tax [1] (470,538) (470,538)         (447,217) (23,321)        
Net income for the period 249,137 249,137         249,137         249,137
Net income for the period at Jan. 01, 2009 (Scenario Previously Reported) 271,488                      
Change in net unrealized gains/losses on investments (net of income tax - 2011 - $400,848; 2010 - $330,213 and 2009 - $697,922, respectively) 1,268,814 1,268,814           1,268,814       1,268,814
Reclassification adjustment for investment amounts included in net income (net of income tax - 2011 - $(14,671), 2010 - $(5,335) and 2009 - $(56,510), respectively) 103,563 103,563           103,563       103,563
Change in net unrealized gains/losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings (net of income tax - 2011 - $(13,205), 2010 - $11,481 and 2009 - $(16,704), respectively) (31,021) (31,021)           (31,021)       (31,021)
Change in accumulated gain (loss) derivatives (net of income tax - 2011 - $2,382, 2010 - $4,441 and 2009 - $(15,502), respectively) 27,904 27,904             27,904     27,904
Reclassification adjustment for derivatives amounts included in net income (net of income tax - 2011 - $(138), 2010 - $(614) and 2009 - $(295), respectively) 531 531             531     531
Change in postretirement benefits liability adjustment (net of income tax - 2011 - $(10,358), 2010 - $(749) and 2009 - $(489), respectively) (907) (907)               (907)   (907)
Comprehensive income 1,618,021 1,618,021                   1,618,021
Cash dividends (2011 - $0.620 per share, 2010 - $0.540 per share and 2009 - $0.48 per share, respectively) (37,340) (37,340)         (37,340)          
Equity offering/Capital paid in 133,650 133,650 7,762 125,888                
Stock-based compensation 3,567 3,567   2,518 1,049              
Allocation of stock to employee accounts 474 474       474            
Balance at Dec. 31, 2009 (Scenario Previously Reported) 2,008,929 2,008,929         1,735,076          
Balance at Dec. 31, 2009 2,008,929   44,388 576,887 (25,929)     (256,993) (18,327) (46,173)    
Increase (decrease) in shareowners' equity                        
Net income for the period 224,869 225,314         225,314       (445) 224,869
Net income for the period at Jan. 01, 2010 (Scenario Previously Reported) 259,796                      
Change in net unrealized gains/losses on investments (net of income tax - 2011 - $400,848; 2010 - $330,213 and 2009 - $697,922, respectively) 612,588 612,588           612,588       612,588
Reclassification adjustment for investment amounts included in net income (net of income tax - 2011 - $(14,671), 2010 - $(5,335) and 2009 - $(56,510), respectively) (9,699) (9,699)           (9,699)       (9,699)
Change in net unrealized gains/losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings (net of income tax - 2011 - $(13,205), 2010 - $11,481 and 2009 - $(16,704), respectively) 21,321 21,321           21,321       21,321
Change in accumulated gain (loss) derivatives (net of income tax - 2011 - $2,382, 2010 - $4,441 and 2009 - $(15,502), respectively) 7,630 7,630             7,630     7,630
Reclassification adjustment for derivatives amounts included in net income (net of income tax - 2011 - $(138), 2010 - $(614) and 2009 - $(295), respectively) (1,105) (1,105)             (1,105)     (1,105)
Change in postretirement benefits liability adjustment (net of income tax - 2011 - $(10,358), 2010 - $(749) and 2009 - $(489), respectively) (1,392) (1,392)               (1,392)   (1,392)
Comprehensive income 854,212 854,657                 (445) 854,212
Cash dividends (2011 - $0.620 per share, 2010 - $0.540 per share and 2009 - $0.48 per share, respectively) (46,250) (46,250)         (46,250)          
Stock-based compensation 9,562 9,562   9,705 (143)              
Change in equity of noncontrolling interest (539)                   (539)  
Balance at Dec. 31, 2010 (Scenario Previously Reported) 3,330,103                      
Balance (Restatement Adjustment) 14,290 14,290         14,290          
Balance at Dec. 31, 2010 2,840,204 2,841,188 44,388 586,592 (26,072)   1,928,430 367,217 (11,802) (47,565) (984)  
Increase (decrease) in shareowners' equity                        
Net income for the period 315,637 315,392         315,392       245 315,637
Net income for the period at Jan. 01, 2011 (Scenario Previously Reported) 339,315                      
Change in net unrealized gains/losses on investments (net of income tax - 2011 - $400,848; 2010 - $330,213 and 2009 - $697,922, respectively) 744,447 744,447           744,447       744,447
Reclassification adjustment for investment amounts included in net income (net of income tax - 2011 - $(14,671), 2010 - $(5,335) and 2009 - $(56,510), respectively) (27,261) (27,261)           (27,261)       (27,261)
Change in net unrealized gains/losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings (net of income tax - 2011 - $(13,205), 2010 - $11,481 and 2009 - $(16,704), respectively) (24,524) (24,524)           (24,524)       (24,524)
Change in accumulated gain (loss) derivatives (net of income tax - 2011 - $2,382, 2010 - $4,441 and 2009 - $(15,502), respectively) 4,424 4,424             4,424     4,424
Reclassification adjustment for derivatives amounts included in net income (net of income tax - 2011 - $(138), 2010 - $(614) and 2009 - $(295), respectively) (256) (256)             (256)     (256)
Change in postretirement benefits liability adjustment (net of income tax - 2011 - $(10,358), 2010 - $(749) and 2009 - $(489), respectively) (19,236) (19,236)               (19,236)   (19,236)
Comprehensive income 993,231 992,986                 245 993,231
Cash dividends (2011 - $0.620 per share, 2010 - $0.540 per share and 2009 - $0.48 per share, respectively) (52,503) (52,503)         (52,503)          
Repurchase of common stock (82,671) (82,671)     (82,671)              
Stock-based compensation 12,517 12,517   11,514 1,003              
Change in equity of noncontrolling interest (11)                   (11)  
Balance at Dec. 31, 2011 (Scenario Previously Reported) 4,219,715                      
Balance at Dec. 31, 2011 $ 3,710,767 $ 3,711,517 $ 44,388 $ 598,106 $ (107,740)   $ 2,191,319 $ 1,059,879 $ (7,634) $ (66,801) $ (750)  
[1] See accompanying Notes to Consolidated Financial Statements, which include a summary of revisions to prior year balances in connection with a change in accounting principles