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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturities, at fair value (amortized cost: 2013 - $27,024,977; 2012 - $26,681,324) $ 28,323,215 $ 29,787,959
Fixed maturities, at amortized cost (fair value: 2013 - $341,797; 2012 - $319,163) 350,000 300,000
Equity securities, at fair value (cost: 2013 - $485,580; 2012 - $409,376) 461,231 411,786
Mortgage loans (2013 and 2012 includes $675,805 and $765,520 related to securitizations) 4,794,924 4,950,201
Investment real estate, net of accumulated depreciation (2013 - $1,199; 2012 - $1,017) 18,750 19,816
Policy loans 856,333 865,391
Other long-term investments 482,367 361,837
Short-term investments 216,224 217,812
Total investments 35,503,044 36,914,802
Cash 354,449 368,801
Accrued investment income 364,233 357,368
Accounts and premiums receivable, net of allowance for uncollectible amounts (2013 - $4,353; 2012 - $4,290) 76,138 85,500
Reinsurance receivables 5,744,801 5,805,401
Deferred policy acquisition costs and value of business acquired 3,307,513 3,239,519
Goodwill 106,237 108,561
Property and equipment, net of accumulated depreciation (2013 - $110,999; 2012 - $105,789) 51,806 47,607
Other assets 343,015 262,052
Income tax receivable 23,970 30,827
Assets related to separate accounts    
Variable annuity 11,921,925 9,601,417
Variable universal life 663,380 562,817
Total assets 58,460,511 57,384,672
Liabilities    
Future policy benefits and claims 22,029,491 21,626,386
Unearned premiums 1,512,909 1,396,026
Total policy liabilities and accruals 23,542,400 23,022,412
Stable value product account balances 2,531,262 2,510,559
Annuity account balances 10,431,938 10,658,463
Other policyholders' funds 602,978 566,985
Other liabilities 1,177,807 1,434,604
Deferred income taxes 1,239,796 1,736,389
Non-recourse funding obligations 619,900 586,000
Repurchase program borrowings 100,000 150,000
Debt 1,450,000 1,400,000
Subordinated debt securities 540,593 540,593
Liabilities related to separate accounts    
Variable annuity 11,921,925 9,601,417
Variable universal life 663,380 562,817
Total liabilities 54,821,979 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 602,072 606,369
Treasury stock, at cost (2013 - 10,214,413; 2012 - 10,639,467) (200,637) (209,840)
Retained earnings 2,666,621 2,437,544
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2013 - $327,636; 2012 - $978,656) 608,467 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 - $(764); 2012 - $(2,147)) (1,418) (3,988)
Accumulated loss - derivatives, net of income tax: (2013 - $(1,361); 2012 - $(1,883)) (2,527) (3,496)
Postretirement benefits liability adjustment, net of income tax: (2013 - $(42,234); 2012 - $(39,468)) (78,434) (73,298)
Total Protective Life Corporation's shareowners' equity 3,638,532 4,615,183
Noncontrolling interest   (750)
Total equity 3,638,532 4,614,433
Total liabilities and shareowners' equity $ 58,460,511 $ 57,384,672