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CONSOLIDATED QUARTERLY RESULTS - UNAUDITED (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED QUARTERLY RESULTS - UNAUDITED                      
Premiums and policy fees $ 871,032pl_PremiumsAndPolicyFees $ 759,038pl_PremiumsAndPolicyFees $ 851,802pl_PremiumsAndPolicyFees $ 815,896pl_PremiumsAndPolicyFees $ 841,255pl_PremiumsAndPolicyFees $ 657,218pl_PremiumsAndPolicyFees $ 756,331pl_PremiumsAndPolicyFees $ 726,847pl_PremiumsAndPolicyFees $ 3,297,768pl_PremiumsAndPolicyFees $ 2,981,651pl_PremiumsAndPolicyFees $ 2,814,278pl_PremiumsAndPolicyFees
Reinsurance ceded (425,780)us-gaap_CededPremiumsWritten (277,136)us-gaap_CededPremiumsWritten (342,968)us-gaap_CededPremiumsWritten (327,713)us-gaap_CededPremiumsWritten (380,625)us-gaap_CededPremiumsWritten (270,730)us-gaap_CededPremiumsWritten (390,490)us-gaap_CededPremiumsWritten (335,350)us-gaap_CededPremiumsWritten (1,373,597)us-gaap_CededPremiumsWritten (1,377,195)us-gaap_CededPremiumsWritten (1,345,836)us-gaap_CededPremiumsWritten
Net of reinsurance ceded 445,252pl_NetOfReinsuranceCeded 481,902pl_NetOfReinsuranceCeded 508,834pl_NetOfReinsuranceCeded 488,183pl_NetOfReinsuranceCeded 460,630pl_NetOfReinsuranceCeded 386,488pl_NetOfReinsuranceCeded 365,841pl_NetOfReinsuranceCeded 391,497pl_NetOfReinsuranceCeded 1,924,171pl_NetOfReinsuranceCeded 1,604,456pl_NetOfReinsuranceCeded 1,468,442pl_NetOfReinsuranceCeded
Net investment income 550,571us-gaap_NetInvestmentIncome 558,174us-gaap_NetInvestmentIncome 550,816us-gaap_NetInvestmentIncome 538,163us-gaap_NetInvestmentIncome 539,952us-gaap_NetInvestmentIncome 454,275us-gaap_NetInvestmentIncome 466,220us-gaap_NetInvestmentIncome 457,634us-gaap_NetInvestmentIncome 2,197,724us-gaap_NetInvestmentIncome 1,918,081us-gaap_NetInvestmentIncome 1,862,332us-gaap_NetInvestmentIncome
Realized investment gains (losses) (105,307)us-gaap_RealizedInvestmentGainsLosses 2,621us-gaap_RealizedInvestmentGainsLosses (11,238)us-gaap_RealizedInvestmentGainsLosses (34,827)us-gaap_RealizedInvestmentGainsLosses 451us-gaap_RealizedInvestmentGainsLosses 13,137us-gaap_RealizedInvestmentGainsLosses 29,903us-gaap_RealizedInvestmentGainsLosses (1,344)us-gaap_RealizedInvestmentGainsLosses (148,751)us-gaap_RealizedInvestmentGainsLosses 42,147us-gaap_RealizedInvestmentGainsLosses (66,331)us-gaap_RealizedInvestmentGainsLosses
Other income 119,069us-gaap_OtherIncome 105,389us-gaap_OtherIncome 106,931us-gaap_OtherIncome 99,039us-gaap_OtherIncome 116,102us-gaap_OtherIncome 98,794us-gaap_OtherIncome 94,392us-gaap_OtherIncome 85,027us-gaap_OtherIncome 430,428us-gaap_OtherIncome 394,315us-gaap_OtherIncome 358,563us-gaap_OtherIncome
Total revenues 1,009,585us-gaap_Revenues 1,148,086us-gaap_Revenues 1,155,343us-gaap_Revenues 1,090,558us-gaap_Revenues 1,117,135us-gaap_Revenues 952,694us-gaap_Revenues 956,356us-gaap_Revenues 932,814us-gaap_Revenues 4,403,572us-gaap_Revenues 3,958,999us-gaap_Revenues 3,623,006us-gaap_Revenues
Total benefits and expenses 898,594us-gaap_BenefitsLossesAndExpenses 963,203us-gaap_BenefitsLossesAndExpenses 993,133us-gaap_BenefitsLossesAndExpenses 965,353us-gaap_BenefitsLossesAndExpenses 943,523us-gaap_BenefitsLossesAndExpenses 810,573us-gaap_BenefitsLossesAndExpenses 799,343us-gaap_BenefitsLossesAndExpenses 815,187us-gaap_BenefitsLossesAndExpenses 3,820,283us-gaap_BenefitsLossesAndExpenses 3,368,626us-gaap_BenefitsLossesAndExpenses 3,170,035us-gaap_BenefitsLossesAndExpenses
Income before income tax 110,991us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 184,883us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 162,210us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 125,205us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 173,612us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 142,121us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 157,013us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 117,627us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 583,289us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 590,373us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 452,971us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 36,641us-gaap_IncomeTaxExpenseBenefit 65,974us-gaap_IncomeTaxExpenseBenefit 54,233us-gaap_IncomeTaxExpenseBenefit 41,566us-gaap_IncomeTaxExpenseBenefit 54,699us-gaap_IncomeTaxExpenseBenefit 49,060us-gaap_IncomeTaxExpenseBenefit 53,814us-gaap_IncomeTaxExpenseBenefit 39,336us-gaap_IncomeTaxExpenseBenefit 198,414us-gaap_IncomeTaxExpenseBenefit 196,909us-gaap_IncomeTaxExpenseBenefit 150,519us-gaap_IncomeTaxExpenseBenefit
Net Income $ 74,350us-gaap_NetIncomeLoss $ 118,909us-gaap_NetIncomeLoss $ 107,977us-gaap_NetIncomeLoss $ 83,639us-gaap_NetIncomeLoss $ 118,913us-gaap_NetIncomeLoss $ 93,061us-gaap_NetIncomeLoss $ 103,199us-gaap_NetIncomeLoss $ 78,291us-gaap_NetIncomeLoss $ 384,875us-gaap_NetIncomeLoss $ 393,464us-gaap_NetIncomeLoss $ 302,452us-gaap_NetIncomeLoss
Net income available to PLC's common shareowners - basic (in dollars per share) $ 0.92us-gaap_EarningsPerShareBasic $ 1.48us-gaap_EarningsPerShareBasic $ 1.35us-gaap_EarningsPerShareBasic $ 1.05us-gaap_EarningsPerShareBasic $ 1.50us-gaap_EarningsPerShareBasic $ 1.17us-gaap_EarningsPerShareBasic $ 1.30us-gaap_EarningsPerShareBasic $ 0.99us-gaap_EarningsPerShareBasic $ 4.81us-gaap_EarningsPerShareBasic $ 4.96us-gaap_EarningsPerShareBasic $ 3.73us-gaap_EarningsPerShareBasic
Average shares outstanding - basic (in shares) 80,430,799us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 80,231,591us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,979,153us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,608,461us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,540,583us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,492,274us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,404,770us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,139,392us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 80,065,217us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,395,622us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 81,066,338us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Net income available to PLC's common shareowners - diluted (in dollars per share) $ 0.91us-gaap_EarningsPerShareDiluted $ 1.46us-gaap_EarningsPerShareDiluted $ 1.33us-gaap_EarningsPerShareDiluted $ 1.03us-gaap_EarningsPerShareDiluted $ 1.47us-gaap_EarningsPerShareDiluted $ 1.15us-gaap_EarningsPerShareDiluted $ 1.27us-gaap_EarningsPerShareDiluted $ 0.97us-gaap_EarningsPerShareDiluted $ 4.73us-gaap_EarningsPerShareDiluted $ 4.86us-gaap_EarningsPerShareDiluted $ 3.66us-gaap_EarningsPerShareDiluted
Average shares outstanding - diluted (in shares) 81,714,510us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 81,458,870us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 81,446,277us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,872,152us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 81,053,787us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,852,078us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 81,087,238us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,706,744us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 81,375,496us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,925,713us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 82,723,016us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding