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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturities, at fair value (amortized cost: 2013 - $27,383,749; 2012 - $26,681,324) $ 28,922,966 $ 29,787,959
Fixed maturities, at amortized cost (fair value: 2013 - $333,771; 2012 - $319,163) 335,000 300,000
Equity securities, at fair value (cost: 2013 - $451,189; 2012 - $409,376) 446,518 411,786
Mortgage loans (2013 and 2012 includes: $699,267 and $765,520 related to securitizations) 4,773,709 4,950,201
Investment real estate, net of accumulated depreciation (2013 - $1,161; 2012 - $1,017) 16,178 19,816
Policy loans 855,780 865,391
Other long-term investments 429,987 361,837
Short-term investments 172,011 217,812
Total investments 35,952,149 36,914,802
Cash 255,712 368,801
Accrued investment income 365,483 357,368
Accounts and premiums receivable, net of allowance for uncollectible amounts (2013 - $4,491; 2012 - $4,290) 96,819 85,500
Reinsurance receivables 5,832,194 5,805,401
Deferred policy acquisition costs and value of business acquired 3,414,988 3,239,519
Goodwill 107,012 108,561
Property and equipment, net of accumulated depreciation (2013 - $109,194; 2012 - $105,789) 49,492 47,607
Other assets 305,752 262,052
Income tax receivable   30,827
Assets related to separate accounts    
Variable annuity 11,162,856 9,601,417
Variable universal life 620,429 562,817
Total assets 58,162,886 57,384,672
Liabilities    
Future policy benefits and claims 21,932,062 21,626,386
Unearned premiums 1,454,003 1,396,026
Total policy liabilities and accruals 23,386,065 23,022,412
Stable value product account balances 2,579,172 2,510,559
Annuity account balances 10,509,829 10,658,463
Other policyholders' funds 577,821 566,985
Other liabilities 1,225,042 1,434,604
Income tax payable 13  
Deferred income taxes 1,318,175 1,736,389
Non-recourse funding obligations 604,900 586,000
Repurchase program borrowings 340,000 150,000
Debt 1,460,000 1,400,000
Subordinated debt securities 540,593 540,593
Liabilities related to separate accounts    
Variable annuity 11,162,856 9,601,417
Variable universal life 620,429 562,817
Total liabilities 54,324,895 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 606,523 606,369
Treasury stock, at cost (2013 - 10,311,907; 2012 - 10,639,467) (203,385) (209,840)
Retained earnings 2,589,271 2,437,544
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2013 - $473,513; 2012 - $978,656) 879,382 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 - $779; 2012 - $(2,147)) 1,447 (3,988)
Accumulated loss - derivatives, net of income tax: (2013 - $(1,569); 2012 - $(1,883)) (2,913) (3,496)
Postretirement benefits liability adjustment, net of income tax: (2013 - $(41,312); 2012 - $(39,468)) (76,722) (73,298)
Total Protective Life Corporation's shareowners' equity 3,837,991 4,615,183
Noncontrolling interest   (750)
Total equity 3,837,991 4,614,433
Total liabilities and shareowners' equity $ 58,162,886 $ 57,384,672