CONSOLIDATED CONDENSED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Assets
Fixed maturities, at fair value (amortized cost: 2012 - $26,535,113; 2011 - $26,137,960)	$ 29,607,238	$ 27,983,446
Equity securities, at fair value (cost: 2012 - $371,539; 2011 - $345,874)	373,552	335,232
Mortgage loans (includes amounts related to securitizations of: 2012 - $789,624; 2011 - $858,139)	5,096,080	5,353,481
Investment real estate, net of accumulated depreciation (2012 - $1,321; 2011 - $1,547)	19,858	29,899
Policy loans	869,607	879,819
Other long-term investments	347,065	257,714
Short-term investments	110,684	101,489
Total investments	36,424,084	34,941,080
Cash	206,012	267,298
Accrued investment income	360,024	350,580
Accounts and premiums receivable, net of allowance for uncollectible amounts (2012 - $4,096; 2011 - $3,899)	104,037	84,754
Reinsurance receivables	5,753,980	5,645,471
Deferred policy acquisition costs and value of business acquired	3,208,227	3,248,041
Goodwill	109,335	111,659
Property and equipment, net of accumulated depreciation (2012 - $139,943; 2011 - $134,924)	48,321	48,578
Other assets	189,086	150,549
Income tax receivable	55,518	50,783
Assets related to separate accounts
Variable annuity	8,895,947	6,741,959
Variable universal life	557,529	502,617
Total assets	55,912,100	52,143,369
Liabilities
Policy liabilities and accruals	22,767,592	22,126,774
Stable value product account balances	2,328,237	2,769,510
Annuity account balances	10,751,652	10,946,848
Other policyholders' funds	553,262	546,516
Other liabilities	1,306,298	1,065,451
Mortgage loan backed certificates		19,755
Deferred income taxes	1,668,885	1,260,629
Non-recourse funding obligations	297,000	407,800
Repurchase program borrowings	280,000
Debt	1,400,000	1,520,000
Subordinated debt securities	540,593	524,743
Liabilities related to separate accounts
Variable annuity	8,895,947	6,741,959
Variable universal life	557,529	502,617
Total liabilities	51,346,995	48,432,602
Commitments and contingencies - Note 9
Shareowners' equity
Common Stock, $.50 par value, shares authorized: 2012 and 2011 - 160,000,000; shares issued: 2012 and 2011 - 88,776,960	44,388	44,388
Additional paid-in-capital	603,083	598,106
Treasury stock, at cost (2012 - 9,640,102 shares; 2011 - 7,107,765 shares)	(183,330)	(107,740)
Retained earnings	2,384,948	2,191,319
Accumulated other comprehensive income (loss):
Net unrealized gains (losses) on investments, net of income tax: (2012 -$966,950; 2011 - $589,132)	1,795,766	1,094,103
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2012 - $(2,658); 2011 - $(18,428))	(4,940)	(34,224)
Accumulated loss - derivatives, net of income tax: (2012 - $(1,726); 2011 - $(4,111))	(3,204)	(7,634)
Postretirement benefits liability adjustment, net of income tax: (2012 -$(38,153); 2011 - $(35,970))	(70,856)	(66,801)
Total Protective Life Corporation's shareowners' equity	4,565,855	3,711,517
Noncontrolling interest	(750)	(750)
Total equity	4,565,105	3,710,767
Total liabilities and shareowners' equity	$ 55,912,100	$ 52,143,369