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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,4823,593  630601587
Cash and cash equivalents174252  379467369
Short-term investments53,3083,341  251134218
Total current assets:53,4823,593  630601587
Noncurrent Assets
Property, plant and equipment185111  535248
Long-term investments and receivables759916  515522362
Long-term investments759916  515522362
Intangible assets, net (including goodwill)1,4391,457 732102105109
Goodwill826793 732102105109
Intangible assets, net (excluding goodwill)613664     
Total noncurrent assets:2,3832,484 732670680518
Other undisclosed assets34,07473,552  69,18067,50456,280
TOTAL ASSETS:89,93979,630 73270,48068,78457,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned418885     
Total current liabilities:418885     
Noncurrent Liabilities
Other undisclosed liabilities83,75371,618  65,51565,06952,770
Total liabilities:84,17172,503  65,51565,06952,770
Stockholders' equity
Stockholders' equity attributable to parent, including:5,7687,127  4,9653,7154,615
Common stock    444444
Treasury stock, value    (186)(200)(210)
Additional paid in capital5,5545,554  606607606
Accumulated other comprehensive income (loss)(15)(13)  1,418494(77)
Retained earnings1,6391,560  3,0822,7702,438
Other undisclosed stockholders' equity attributable to parent(1,410)26    1,814
Stockholders' equity attributable to noncontrolling interest      (1)
Total stockholders' equity:5,7687,127  4,9653,7154,614
TOTAL LIABILITIES AND EQUITY:89,93979,630  70,48068,78457,385

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues5,0414,419  4,4043,9593,623
Net investment income2,4842,052  2,1981,9181,862
Financial services revenue   3,0391,604 
Cost of revenue(3,746)(3,041)  (2,977)(2,480)(2,326)
Policyholder benefits and claims incurred, net(3,516)
Financial services costs(2,957)  (2,792)(2,480)(2,326)
Gross profit:1,2951,378  1,4261,4791,297
Operating expenses    (26)  
Other undisclosed operating loss (871)  (748)(964)(828)
Operating income:1,295507  652515469
Nonoperating expense
(Investment Income, Nonoperating)
(30)(72)  (134)(12)(60)
Interest and debt expense(239)(233)  (141)(47)(29)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(642)233594 20613474
Income from continuing operations before income taxes:383435594 583590453
Income tax expense (benefit)(81)671  (198)(197)(151)
Net income available to common stockholders, diluted:3021,107594 385393302

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:3021,107594 385393302
Other comprehensive income (loss)(1,428)693  924(1,243)751
Comprehensive income (loss), net of tax, attributable to parent:(1,126)1,800594 1,309(849)1,054

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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