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COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2011

COMPREHENSIVE INCOME (LOSS)

Schedule of the entity's comprehensive income (loss)

		For The						For The
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2011			2010			2011			2010
		(Dollars In Thousands)
Net income		$	93,364		$	41,244		$	160,830		$	110,950
Change in net unrealized gains (losses) on investments, net of income tax: (three months: 2011 - $85,553; 2010 - $130,774; six months: 2011 - $103,460; 2010 - $273,255)		158,888			242,856			192,151			506,815
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: (three months: 2011 - $(5,444); 2010 - $(6,960); six months: 2011 - $(9,052); 2010 - $(10,455))		(10,111		)	(12,924		)	(16,811		)	(19,416		)
Change in accumulated (loss) gain - derivatives, net of income tax: (three months: 2011 - $(1,777); 2010 - $(3,229); six months: 2011 - $1,844; 2010 - $(194))		(3,299		)	(5,952		)	3,425			(234		)
Change in postretirement benefits liability adjustment, net of income tax: (three months: 2011 - $(451); 2010 - $325; six months: 2011 - $(902); 2010 - $649)		(838		)	603			(1,676		)	1,205
Reclassification adjustment for investment amounts included in net income, net of income tax: (three months: 2011 - $(7,271); 2010 - $3,894; six months: 2011 - $(10,325); 2010 - $5,619)		(13,508		)	7,241			(19,186		)	10,659
Reclassification adjustment for derivative amounts included in net income, net of income tax: (three months: 2011 - $238; 2010 - $768; six months: 2011 - $(123); 2010 - $(206))		443			1,382			(228		)	(370		)
Comprehensive income (loss)		224,939			274,450			318,505			609,609
Comprehensive income (loss) attributable to noncontrolling interests		(296		)	127			(245		)	200
Comprehensive income (loss) attributable to Protective Life Corporation		$	224,643		$	274,577		$	318,260		$	609,809

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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