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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Fixed maturities, at fair value (amortized cost: 2011 - $25,156,028; 2010 - $24,002,893) $ 26,133,625 $ 24,676,939
Equity securities, at fair value (cost: 2011 - $345,758; 2010 - $349,605) 349,738 359,412
Mortgage loans (2011 and 2010 includes: $888,607 and $934,655 related to securitizations) 5,349,851 4,892,829
Investment real estate, net of accumulated depreciation (2011 - $1,284; 2010 - $1,200) 23,737 25,340
Policy loans 881,757 793,448
Other long-term investments 297,825 276,337
Short-term investments 134,698 352,824
Total investments 33,171,231 31,377,129
Cash 419,210 264,425
Accrued investment income 345,906 329,078
Accounts and premiums receivable, net of allowance for uncollectible amounts (2011 - $3,890; 2010 - $4,330) 68,559 58,580
Reinsurance receivables 5,730,025 5,608,029
Deferred policy acquisition costs and value of business acquired 4,028,452 3,851,743
Goodwill 113,209 114,758
Property and equipment, net of accumulated depreciation (2011 - $131,726; 2010 - $130,576) 43,142 39,386
Other assets 180,602 169,664
Income tax receivable 39,936 45,582
Assets related to separate accounts    
Variable annuity 6,291,158 5,170,193
Variable universal life 556,419 534,219
Total assets 50,987,849 47,562,786
Liabilities    
Policy liabilities and accruals 21,844,210 19,713,392
Stable value product account balances 2,565,235 3,076,233
Annuity account balances 10,899,995 10,591,605
Other policyholders' funds 589,879 578,037
Other liabilities 964,392 926,201
Mortgage loan backed certificates 42,862 61,678
Deferred income taxes 1,171,305 1,022,130
Non-recourse funding obligations 438,300 532,400
Debt 1,494,852 1,501,852
Subordinated debt securities 524,743 524,743
Liabilities related to separate accounts    
Variable annuity 6,291,158 5,170,193
Variable universal life 556,419 534,219
Total liabilities 47,383,350 44,232,683
Commitments and contingencies - Note 8    
Shareowners' equity    
Preferred Stock, $1 par value, shares authorized: 4,000,000; Issued: None    
Common Stock, $.50 par value, shares authorized: 2011 and 2010 - 160,000,000; shares issued: 2011 and 2010 - 88,776,960 44,388 44,388
Additional paid-in-capital 592,451 586,592
Treasury stock, at cost (2011 - 4,126,717 shares; 2010 - 3,108,983 shares) (50,326) (26,072)
Retained earnings 2,567,796 2,432,925
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2011 -$288,231; 2010 - $195,096) 535,286 362,321
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2011 - $(14,275); 2010 - $(5,223)) (26,511) (9,700)
Accumulated loss - derivatives, net of income tax: (2011 - $(4,633); 2010 - $(6,355)) (8,605) (11,802)
Postretirement benefits liability adjustment, net of income tax: (2011 -$(26,515); 2010 - $(25,612)) (49,241) (47,565)
Total Protective Life Corporation's shareowners' equity 3,605,238 3,331,087
Noncontrolling interest (739) (984)
Total equity 3,604,499 3,330,103
Total liabilities and shareowners' equity $ 50,987,849 $ 47,562,786