CONSOLIDATED CONDENSED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Assets
Fixed maturities, at fair value (amortized cost: 2011 - $26,139,017; 2010 - $24,002,893)	$ 27,855,004	$ 24,676,939
Equity securities, at fair value (cost: 2011 - $336,722; 2010 - $349,605)	327,802	359,412
Mortgage loans (2011 and 2010 includes: $875,096 and $934,655 related to securitizations)	5,377,977	4,892,829
Investment real estate, net of accumulated depreciation (2011 - $1,404; 2010 - $1,200)	27,495	25,340
Policy loans	880,203	793,448
Other long-term investments	284,550	276,337
Short-term investments	80,387	352,824
Total investments	34,833,418	31,377,129
Cash	332,487	264,425
Accrued investment income	363,548	329,078
Accounts and premiums receivable, net of allowance for uncollectible amounts (2011 - $3,855; 2010 - $4,330)	60,008	58,580
Reinsurance receivables	5,645,080	5,608,029
Deferred policy acquisition costs and value of business acquired	4,000,099	3,851,743
Goodwill	112,434	114,758
Property and equipment, net of accumulated depreciation (2011 - $133,419; 2010 - $130,576)	45,997	39,386
Other assets	201,516	169,664
Income tax receivable	11,142	45,582
Assets related to separate accounts
Variable annuity	5,947,391	5,170,193
Variable universal life	470,283	534,219
Total assets	52,023,403	47,562,786
Liabilities
Policy liabilities and accruals	21,909,724	19,713,392
Stable value product account balances	2,827,862	3,076,233
Annuity account balances	10,975,016	10,591,605
Other policyholders' funds	575,056	578,037
Other liabilities	1,196,554	926,201
Mortgage loan backed certificates	32,471	61,678
Deferred income taxes	1,415,904	1,022,130
Non-recourse funding obligations	414,800	532,400
Reverse repurchase borrowings	157,103
Debt	1,495,000	1,501,852
Subordinated debt securities	524,743	524,743
Liabilities related to separate accounts
Variable annuity	5,947,391	5,170,193
Variable universal life	470,283	534,219
Total liabilities	47,941,907	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	594,084	586,592
Treasury stock, at cost (2011 - 5,964,872 shares; 2010 - 3,108,983 shares)	(83,549)	(26,072)
Retained earnings	2,642,860	2,432,925
Accumulated other comprehensive income (loss):
Net unrealized gains (losses) on investments, net of income tax: (2011 -$523,401; 2010 - $195,096)	972,031	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 - $(14,784); 2010 - $(5,223))	(27,455)	(9,700)
Accumulated loss - derivatives, net of income tax: (2011 - $(5,408); 2010 - $(6,355))	(10,044)	(11,802)
Postretirement benefits liability adjustment, net of income tax: (2011 -$26,966; 2010 - $(25,612))	(50,080)	(47,565)
Total Protective Life Corporation's shareowners' equity	4,082,235	3,331,087
Noncontrolling interest	(739)	(984)
Total equity	4,081,496	3,330,103
Total liabilities and shareowners' equity	$ 52,023,403	$ 47,562,786