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
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 53,4823,593  630601
Cash and cash equivalents 174252  379467
Short-term investments 53,3083,341  251134
Total current assets: 53,4823,593  630601
Noncurrent Assets
Property, plant and equipment 185111  5352
Long-term investments and receivables 759916  515522
Long-term investments 759916  515522
Intangible assets, net (including goodwill) 1,4391,457 732102105
Goodwill 826793 732102105
Intangible assets, net (excluding goodwill) 613664    
Total noncurrent assets: 2,3832,484 732670680
Other undisclosed assets 34,07473,552  69,18067,504
TOTAL ASSETS: 89,93979,630 73270,48068,784
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned 418885    
Total current liabilities: 418885    
Noncurrent Liabilities
Other undisclosed liabilities 83,75371,618  65,51565,069
Total liabilities: 84,17172,503  65,51565,069
Stockholders' equity
Stockholders' equity attributable to parent, including: 5,7687,127  4,9653,715
Common stock     4444
Treasury stock, value     (186)(200)
Additional paid in capital 5,5545,554  606607
Accumulated other comprehensive income (loss) (15)(13)  1,418494
Retained earnings 1,6391,560  3,0822,770
Other undisclosed stockholders' equity attributable to parent (1,410)26    
Total stockholders' equity: 5,7687,127  4,9653,715
TOTAL LIABILITIES AND EQUITY: 89,93979,630  70,48068,784

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 5,0414,419  4,4043,959
Net investment income 2,4842,052  2,1981,918
Financial services revenue   3,0391,604
Cost of revenue (3,746)(3,041)  (2,977)(2,480)
Policyholder benefits and claims incurred, net (3,516)
Financial services costs(2,957)  (2,792)(2,480)
Gross profit: 1,2951,378  1,4261,479
Operating expenses     (26) 
Other undisclosed operating loss  (871)  (748)(964)
Operating income: 1,295507  652515
Nonoperating expense
(Investment Income, Nonoperating)
 (30)(72)  (134)(12)
Interest and debt expense (239)(233)  (141)(47)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (642)233594 206134
Income from continuing operations before income taxes: 383435594 583590
Income tax expense (benefit) (81)671  (198)(197)
Net income available to common stockholders, diluted: 3021,107594 385393

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 3021,107594 385393
Other comprehensive income (loss) (1,428)693  924(1,243)
Comprehensive income (loss), net of tax, attributable to parent: (1,126)1,800594 1,309(849)

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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