Protective Life Corp (PL) financial statements (2021 and earlier)

Company profile

Business Address 2801 HGWY 280 S
BIRMINGHAM, AL 35223
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments68,89866,56155,21453,48253,7713,4513,413
Cash and cash equivalents   174194191308
Short-term investments68,89866,56155,21453,30853,5763,2603,105
Total current assets:68,89866,56155,21453,48253,7713,4513,413
Noncurrent Assets
Property, plant and equipment214213207185107108109
Long-term investments and receivables1,1509358537591,052939921
Long-term investments1,1509358537591,052939921
Intangible assets, net (including goodwill)1,4221,4421,2151,4391,2371,2641,291
Goodwill826826826826793793793
Intangible assets, net (excluding goodwill)596617390613443471497
Total noncurrent assets:2,7862,5902,2752,3832,3952,3112,320
Other undisclosed assets48,06748,29434,97334,07435,60285,26472,279
TOTAL ASSETS:119,751117,44692,46389,93991,76891,02578,012
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned272608941841739665
Total current liabilities:272608941841739665
Noncurrent Liabilities
Liabilities, other than long-term debt1,4121,177     
Deferred income tax liabilities1,4121,177 
Total noncurrent liabilities:1,4121,177     
Other undisclosed liabilities108,776107,84685,37683,75385,39584,94270,955
Total liabilities:110,460109,08385,46584,17185,81384,98171,620
Stockholders' equity
Stockholders' equity attributable to parent, including:9,2918,3636,9975,7685,9566,0446,392
Additional paid in capital5,8045,8045,5545,5545,5545,5545,554
Accumulated other comprehensive loss(15)(15)(15)(15)(14)(10)(13)
Retained earnings1,9361,8351,7271,6391,6041,4941,413
Other undisclosed stockholders' equity attributable to parent1,567739(268)(1,410)(1,189)(994)(562)
Total stockholders' equity:9,2918,3636,9975,7685,9566,0446,392
TOTAL LIABILITIES AND EQUITY:119,751117,44692,46389,93991,76891,02578,012

Income statement (P&L) ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues1,6191,4191,4141,2841,3471,2441,166
Net investment income785726686674672616521
Cost of revenue(1,172)(1,004)(973)(1,146)(952)(862)(787)
Policyholder benefits and claims incurred, net(1,172)(1,004)(973) (952)  
Financial services costs(862)(787)
Gross profit:446415441138395382379
Other undisclosed operating income (loss)(324)(283)(299)790(238)(266)(286)
Operating income:12213114392815711793
Nonoperating income (expense)
(Investment Income, Nonoperating)
6(1)329(20)(18)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (882)   
Income from continuing operations before income taxes:128130175561379992
Income tax expense(27)(22)(37)(19)(27)(17)(18)
Net income available to common stockholders, diluted:101108138371108174

Comprehensive Income ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income:101108138371108174
Other comprehensive income (loss)  (18)   0
Other undisclosed comprehensive loss   (1,428)   
Comprehensive income (loss):101108121(1,391)1108174
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8271,0081,1601,205(199)(429)(576)
Comprehensive income (loss), net of tax, attributable to parent:9281,1161,280(186)(89)(348)(502)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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