Key Developments: Protective Life Corp (PL.N)

PL.N on New York Stock Exchange

45.05USD
1 Aug 2013
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Latest Key Developments (Source: Significant Developments)

Protective Life Corp Declares Quarterly Dividend
Wednesday, 31 Jul 2013 03:47pm EDT 

Protective Life Corp announced that quarterly dividend of $0.20 per share. The Corporation`s Board of Directors declared the quarterly dividend to be paid September 3, 2013 to share owners of record at the close of business on August 14, 2013.  Full Article

Protective Life Corp Declares Quarterly Dividend
Monday, 13 May 2013 10:48am EDT 

Protective Life Corp announced that it has declared a quarterly dividend of $0.20 per share. The Corporation's Board of Directors declared the quarterly dividend to be paid June 10, 2013 to share owners of record at the close of business on May 24, 2013.  Full Article

Protective Life Corp to Acquire MONY and Reinsure Certain Policies of MLOA for $1.06 Billion From AXA SA
Wednesday, 10 Apr 2013 08:04pm EDT 

Protective Life Corp announced that its principal subsidiary, Protective Life Insurance Company (Protective Life), has signed an agreement with certain subsidiaries of AXA SA to acquire MONY Life Insurance Company (MONY) and reinsure certain policies of MONY Life Insurance Company of America (MLOA). Assuming a closing date of October 1, 2013, the purchase price paid to AXA is estimated to be approximately $1.06 billion, including statutory capital and surplus of approximately $303 million. The total capital investment by Protective is estimated to be approximately $1.09 billion. The transaction will be subject to customary post-closing adjustments. The transaction is expected to close in the second half of 2013. Prior to the closing, AXA will cause MONY to transfer its subsidiaries, MLOA, U.S. Financial Life Insurance Company, MONY International Holdings, LLC and MONY Financial Services, Inc., none of which are being sold to Protective as part of the acquisition, to another subsidiary of AXA. Protective plans to service the acquired business through the existing workforce and administrative platform in Syracuse, NY that is currently being used by AXA to service the business. The benefits provided for in the acquired policies will not be impacted by the transaction. Willkie Farr & Gallagher LLP and Barclays PLC served as advisors to Protective during the transaction and PricewaterhouseCoopers LLP provided tax advisory services.  Full Article

Protective Life Corp Declares Quarterly Dividend
Wednesday, 6 Feb 2013 03:30pm EST 

Protective Life Corp announced that it has declared a quarterly dividend of $0.18 per share. The Corporation's Board of Directors declared the quarterly dividend to be paid March 4, 2013 to share owners of record at the close of business on February 19, 2013.  Full Article

Protective Life Corp Declares Quarterly Dividend
Monday, 5 Nov 2012 03:06pm EST 

Protective Life Corp announced that it has declared a quarterly dividend of $0.18 per share. The Corporation’s Board of Directors declared the quarterly dividend to be paid December 3, 2012 to share owners of record at the close of business on November 16, 2012.  Full Article

Protective Life Corporation Declares Quarterly Dividend
Monday, 6 Aug 2012 04:56pm EDT 

Protective Life Corporation announced that it has declared a quarterly dividend of $0.18 per share. The Corporation’s Board of Directors declared the quarterly dividend to be paid September 4, 2012 to share owners of record at the close of business on August 17, 2012.  Full Article

Protective Life Corporation Declares Quarterly Dividend
Monday, 14 May 2012 11:10am EDT 

Protective Life Corporation announced that it has declared a quarterly dividend of $0.18 per share. The Corporation’s Board of Directors declared the quarterly dividend to be paid June 11, 2012 to share owners of record at the close of business on May 25, 2012.  Full Article

Protective Life Corporation Issues Q2 2012 EPS Guidance Above Analysts' Estimates-Conference Call
Wednesday, 9 May 2012 09:00am EDT 

Protective Life Corporation announced that for second quarter of 2012, it expects core earnings per share (EPS) in the range of $0.85 to $0.90. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.84 for second quarter of 2012.  Full Article

Protective Life Corp Comments On Long Term Earnings Guidance-Conference Call
Monday, 5 Mar 2012 02:15pm EST 

Protective Life Corp announced that it expects to see double-digit earnings growth over the next few years. According to I/B/E/S Estimates, analysts were expecting the Company to EPS of $3.49 and net income of $286 million for fiscal 2012; EPS of $3.70 and net income of $296 million for fiscal 2013; EPS of $4.08 and net income of $292 million for fiscal 2014.  Full Article

Protective Life Corporation Updates CY 2012 EPS Guidance-Conference Call
Friday, 10 Feb 2012 10:00am EST 

Protective Life Corporation announced that during first quarter, it is going to recognize a $35 million gain on the repurchases notes due to the discount that it is buying them at. The Company had laid out a plan indicating that it would earn somewhere between $3.20 and $3.30 during calendar year 2012.  Full Article

UPDATE 1-Allstate to sell Lincoln Benefit Life insurance unit for $600 mln

July 17 - Home and auto insurer Allstate Corp will sell one of its life insurance businesses, Lincoln Benefit Life Co, to Resolution Life Holdings for $600 million, the company said on Wednesday.

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