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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Premiums and policy fees $ 3,297,768pl_PremiumsAndPolicyFees $ 2,981,651pl_PremiumsAndPolicyFees $ 2,814,278pl_PremiumsAndPolicyFees
Reinsurance ceded (1,373,597)us-gaap_CededPremiumsWritten (1,377,195)us-gaap_CededPremiumsWritten (1,345,836)us-gaap_CededPremiumsWritten
Net of reinsurance ceded 1,924,171pl_NetOfReinsuranceCeded 1,604,456pl_NetOfReinsuranceCeded 1,468,442pl_NetOfReinsuranceCeded
Net investment income 2,197,724us-gaap_NetInvestmentIncome 1,918,081us-gaap_NetInvestmentIncome 1,862,332us-gaap_NetInvestmentIncome
Realized investment gains (losses):      
Derivative financial instruments (346,878)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 188,131us-gaap_GainLossOnDerivativeInstrumentsNetPretax (238,480)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
All other investments 205,402pl_RealizedInvestmentGainsLossesAllOtherInvestments (123,537)pl_RealizedInvestmentGainsLossesAllOtherInvestments 231,035pl_RealizedInvestmentGainsLossesAllOtherInvestments
Other-than-temporary impairment losses (2,589)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount (10,941)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount (66,188)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
Portion recognized in other comprehensive income (before taxes) (4,686)pl_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax (11,506)pl_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax 7,302pl_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax
Net impairment losses recognized in earnings (7,275)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (22,447)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (58,886)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Other income 430,428us-gaap_OtherIncome 394,315us-gaap_OtherIncome 358,563us-gaap_OtherIncome
Total revenues 4,403,572us-gaap_Revenues 3,958,999us-gaap_Revenues 3,623,006us-gaap_Revenues
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2014 - $1,226,307; 2013 - $1,209,783; 2012 - $1,228,425) 2,791,610us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 2,479,757us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 2,326,040us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Amortization of deferred policy acquisition costs and value of business acquired 257,309pl_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired 192,898pl_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired 203,565pl_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
Other operating expenses, net of reinsurance ceded: (2014 - $196,923; 2013 - $196,311; 2012 - $196,709) 771,364pl_OtherOperatingExpensesNetOfReinsuranceCeded 695,971pl_OtherOperatingExpensesNetOfReinsuranceCeded 640,430pl_OtherOperatingExpensesNetOfReinsuranceCeded
Total benefits and expenses 3,820,283us-gaap_BenefitsLossesAndExpenses 3,368,626us-gaap_BenefitsLossesAndExpenses 3,170,035us-gaap_BenefitsLossesAndExpenses
Income before income tax 583,289us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 590,373us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 452,971us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense      
Current 197,943us-gaap_CurrentIncomeTaxExpenseBenefit 21,855us-gaap_CurrentIncomeTaxExpenseBenefit 76,186us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred 471us-gaap_DeferredIncomeTaxExpenseBenefit 175,054us-gaap_DeferredIncomeTaxExpenseBenefit 74,333us-gaap_DeferredIncomeTaxExpenseBenefit
Total income tax expense 198,414us-gaap_IncomeTaxExpenseBenefit 196,909us-gaap_IncomeTaxExpenseBenefit 150,519us-gaap_IncomeTaxExpenseBenefit
Net Income $ 384,875us-gaap_NetIncomeLoss $ 393,464us-gaap_NetIncomeLoss $ 302,452us-gaap_NetIncomeLoss
Net income - basic (in dollars per share) $ 4.81us-gaap_EarningsPerShareBasic $ 4.96us-gaap_EarningsPerShareBasic $ 3.73us-gaap_EarningsPerShareBasic
Net income - diluted (in dollars per share) $ 4.73us-gaap_EarningsPerShareDiluted $ 4.86us-gaap_EarningsPerShareDiluted $ 3.66us-gaap_EarningsPerShareDiluted
Cash dividends paid per share (in dollars per share) $ 0.92us-gaap_CommonStockDividendsPerShareCashPaid $ 0.78us-gaap_CommonStockDividendsPerShareCashPaid $ 0.7us-gaap_CommonStockDividendsPerShareCashPaid
Average shares outstanding - basic (in shares) 80,065,217us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,395,622us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 81,066,338us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average shares outstanding - diluted (in shares) 81,375,496us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,925,713us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 82,723,016us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding