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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Assets    
Fixed maturities, at fair value (amortized cost: 2013 - $27,220,069; 2012 - $26,681,324) $ 30,065,491 $ 29,787,959
Fixed maturities, at amortized cost (fair value: 2013 - $334,579; 2012 - $319,163) 315,000 300,000
Equity securities, at fair value (cost: 2013 - $406,937; 2012 - $409,376) 415,176 411,786
Mortgage loans (2013 and 2012 includes: $728,671 and $765,520 related to securitizations) 4,835,917 4,950,201
Investment real estate, net of accumulated depreciation (2013 - $1,087; 2012 - $1,017) 18,952 19,816
Policy loans 862,202 865,391
Other long-term investments 348,394 361,837
Short-term investments 161,506 217,812
Total investments 37,022,638 36,914,802
Cash 275,103 368,801
Accrued investment income 361,463 357,368
Accounts and premiums receivable, net of allowance for uncollectible amounts (2013 - $4,347; 2012 - $4,290) 104,539 85,500
Reinsurance receivables 5,842,124 5,805,401
Deferred policy acquisition costs and value of business acquired 3,262,029 3,239,519
Goodwill 107,786 108,561
Property and equipment, net of accumulated depreciation (2013 - $107,459; 2012 - $105,789) 48,590 47,607
Other assets 272,760 262,052
Income tax receivable   30,827
Assets related to separate accounts    
Variable annuity 10,670,833 9,601,417
Variable universal life 605,622 562,817
Total assets 58,573,487 57,384,672
Liabilities    
Future policy benefits and claims 21,793,320 21,626,386
Unearned premiums 1,426,496 1,396,026
Total policy liabilities and accruals 23,219,816 23,022,412
Stable value product account balances 2,544,609 2,510,559
Annuity account balances 10,524,393 10,658,463
Other policyholders' funds 569,533 566,985
Other liabilities 1,375,962 1,434,604
Income tax payable 4,782  
Deferred income taxes 1,690,052 1,736,389
Non-recourse funding obligations 596,000 586,000
Repurchase program borrowings 300,000 150,000
Debt 1,390,000 1,400,000
Subordinated debt securities 540,593 540,593
Liabilities related to separate accounts    
Variable annuity 10,670,833 9,601,417
Variable universal life 605,622 562,817
Total liabilities 54,032,195 52,770,239
Commitments and contingencies - Note 7      
Shareowners' equity    
Preferred Stock; $1 par value, shares authorized: 4,000,000; Issued: None      
Common Stock, $.50 par value, shares authorized: 2013 and 2012 - 160,000,000 shares issued: 2013 and 2012 - 88,776,960 44,388 44,388
Additional paid-in-capital 599,514 606,369
Treasury stock, at cost (2013 - 10,327,889; 2012 - 10,639,467) (203,698) (209,840)
Retained earnings 2,501,765 2,437,544
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2013 - $899,657; 2012 - $978,656) 1,670,791 1,817,504
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2013 - $2,072; 2012 - $(2,147)) 3,849 (3,988)
Accumulated loss - derivatives, net of income tax: (2013 - $(166); 2012 - $(1,883)) (307) (3,496)
Postretirement benefits liability adjustment, net of income tax: (2013 - $(40,390); 2012 - $(39,468)) (75,010) (73,298)
Total Protective Life Corporation's shareowners' equity 4,541,292 4,615,183
Noncontrolling interest   (750)
Total equity 4,541,292 4,614,433
Total liabilities and shareowners' equity $ 58,573,487 $ 57,384,672