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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Fixed maturities, at fair value (amortized cost: 2013 - $33,662,295; 2012 - $26,681,324) $ 34,815,931 $ 29,787,959
Fixed maturities, at amortized cost (fair value: 2013 - $335,676; 2012 - $319,163) 365,000 300,000
Equity securities, at fair value (cost: 2013 - $675,758; 2012 - $409,376) 646,027 411,786
Mortgage loans (2013 and 2012 includes $627,731 and $765,520 related to securitizations) 5,486,417 4,950,201
Investment real estate, net of accumulated depreciation (2013 - $1,066; 2012 - $1,017) 20,413 19,816
Policy loans 1,815,744 865,391
Other long-term investments 521,811 361,837
Short-term investments 134,146 217,812
Total investments 43,805,489 36,914,802
Cash 466,542 368,801
Accrued investment income 465,333 357,368
Accounts and premiums receivable, net of allowance for uncollectible amounts (2013 - $4,283; 2012 - $4,290) 127,830 85,500
Reinsurance receivables 6,175,115 5,805,401
Deferred policy acquisition costs and value of business acquired 3,584,199 3,239,519
Goodwill 105,463 108,561
Property and equipment, net of accumulated depreciation (2013 - $111,579; 2012 - $105,789) 52,403 47,607
Other assets 426,677 262,052
Income tax receivable   30,827
Assets related to separate accounts    
Variable annuity 12,791,438 9,601,417
Variable universal life 783,618 562,817
Total assets 68,784,107 57,384,672
Liabilities    
Future policy benefits and claims 29,781,325 21,626,386
Unearned premiums 1,549,815 1,396,026
Total policy liabilities and accruals 31,331,140 23,022,412
Stable value product account balances 2,559,552 2,510,559
Annuity account balances 11,125,253 10,658,463
Other policyholders' funds 1,214,380 566,985
Other liabilities 1,143,371 1,434,604
Income tax payable 12,761  
Deferred income taxes 1,069,759 1,736,389
Non-recourse funding obligations 562,448 586,000
Repurchase program borrowings 350,000 150,000
Debt 1,585,000 1,400,000
Subordinated debt securities 540,593 540,593
Liabilities related to separate accounts    
Variable annuity 12,791,438 9,601,417
Variable universal life 783,618 562,817
Total liabilities 65,069,313 52,770,239
Commitments and contingencies - Note 12      
Shareowners' equity    
Preferred Stock; $1 par value, shares authorized: 4,000,000; Issued: None      
Common Stock, $.50 par value, shares authorized: 2013 and 2012 - 160,000,000 shares issued: 2013 and 2012 - 88,776,960 44,388 44,388
Additional paid-in-capital 606,934 606,369
Treasury stock, at cost (2013 - 10,199,514; 2012 - 10,639,467 shares) (200,416) (209,840)
Retained earnings 2,769,822 2,437,544
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2013 - $289,908; 2012 - $978,656) 538,400 1,817,504
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2013 - $325; 2012 - $(2,147)) 603 (3,988)
Accumulated loss - derivatives, net of income tax: (2013 - $(666); 2012 - $(1,883)) (1,235) (3,496)
Postretirement benefits liability adjustment, net of income tax: (2013 - $(23,532); 2012 - $(39,468)) (43,702) (73,298)
Total Protective Life Corporation's shareowners' equity 3,714,794 4,615,183
Noncontrolling interest   (750)
Total equity 3,714,794 4,614,433
Total liabilities and shareowners' equity $ 68,784,107 $ 57,384,672