266:. The company's primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. As of December 31, 2023, the corporation has more than 3,800 employees, annual revenues of $ 6.6 billion and assets of $ 118.4 billion. In addition to Protective Life Insurance Company, Protective Life Corporation's subsidiaries include West Coast Life Insurance Company, MONY Life Insurance Company, Protective Life And Annuity Insurance Company, Concourse Financial Group, and Protective Property and Casualty Insurance Company.
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339:), Steve Walker (Vice Chairman, Finance and Risk), Scott Adams (EVP, Chief Transformation and Strategy Officer), Mark Drew (EVP, General Counsel and Secretary), Lance Black (EVP, Acquisitions and Corporate Development), Paul Wells (EVP and CFO), Phil Passafiume (EVP, Chief Investment Officer), Wade Harrison (EVP, Chief Retail Officer) and Wendy Evesque (EVP and CHRO).
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composed of eleven directors, four of whom are affiliated with the company and its subsidiaries, and eight who are independent. The independent directors are
Michael J. Morrissey, Dawn Bulgarella, Joseph Guastella, Bruce Koepfgen, Jesse J. Spikes, Mark Tarr, William A. Terry and W. Michael Warren Jr.
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The company's board of directors includes
Michael J. Morrissey (chair), Richard J. Bielen, Stephen Barnham, Dawn Bulgarella, Joseph Guastella, Bruce Koepfgen, Jesse J. Spikes, Satoshi Takemoto, Mark Tarr, William A. Terry and W. Michael Warren Jr.. The board of Protective Life Corporation (“PLC”) is
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In 1997, Protective Life acquired West Coast Life. Nabers retired in 2002 and
Harvard Business School graduate John D. Johns was then named president and CEO of Protective Life. John D. Johns served as president and chief executive officer until 2017 and as chairman of the board from January 2003 to
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On July 1, 2017, Rich Bielen became
Protective's 7th president and chief executive officer. He joined Protective in 1991 with responsibility for the company's securities portfolio and became chief investment officer and treasurer in 2002. He became vice chairman and chief financial officer in 2007.
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In 1937, Clabaugh turned over the leadership of the company to Col. William J. Rushton, and in 1969, Col. Rushton's son, William “Billy” J. Rushton III, became president of
Protective. The younger Rushton then presided over a series of acquisitions that led Protective into all 50 states. As part of
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In
January 2016, Bielen was named president and chief operating officer. On June 1, 2019, Protective closed its largest transaction to date to acquire via reinsurance substantially all of the individual life and annuity business of Great-West Life & Annuity Insurance Company. The acquisition
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The company established the
Protective Life Foundation, which supports education and healthy development of at-risk youth. In addition, the foundation engages charitable activities to cultural organizations, civic and community initiatives, human services groups, and the
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In 2013, Protective's principal subsidiary, Protective Life
Insurance Company, completed the acquisition of MONY Life Insurance Company and reinsured certain policies of MONY Life Insurance Company of America. The total transaction price was $ 1.06 billion.
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In 1927, Protective merged with
Alabama National Insurance Company, and Alabama National's president, Samuel Clabaugh, became the president of the combined companies which continued to do business as Protective.
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https://protective.newshq.businesswire.com/sites/protective.newshq.businesswire.com/files/press_kit/file/We_Are_Protective_Life_-_Company_Overview_and_Financial_Strength_of_Protective_Life_Insurance_Company.pdf
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Acquisitions, consisting of policies originated by other companies and later acquired by
Protective. The segment's primary focus is on life insurance policies and annuity products that were sold to individuals.
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Life insurance, including universal life, variable universal life, and bank-owned life insurance products offered through a network of brokers, stockbrokers and independent marketing organizations.
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Stable value products, including fixed and floating-rate funding agreements sold to the trustees of municipal bond proceeds, institutional investors, bank trust departments and money market funds.
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Asset protection, marketing extended service contracts and credit life and disability insurance to protect consumers’ investments in automobiles, watercraft and recreational vehicles.
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482:"Protective Life Launches Concourse Financial Group, Bringing Together ProEquities, First Protective and Protective Distributors"
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In 2007, Protective Life celebrated its 100th anniversary, just one year after its acquisition of Chase Insurance Group in 2006.
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Protective Life Corporation was acquired by The Dai-ichi Life Insurance Company, Limited (Tokyo, Japan) on February 15, 2015.
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Annuities, including fixed and variable annuity products sold through broker-dealers, financial institutions and brokers.
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November 2019. Johns was an employee of Protective Life from 1993 until his retirement in November 2019.
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in 1992 and in 1993, Protective Life Corporation was listed on the New York Stock Exchange under the
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582:"Protective Life Announces Office Relocation Within Greater Cincinnati/Northern Kentucky Region"
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Protective Life Insurance Company was founded in 1907 and paid its first death claim in 1909.
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In April 2019, Protective Life was announced as the naming sponsor for a 47,000-seat
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Protective Life Corporation leadership includes Richard J. Bielen (President and
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represented an estimated capital investment of approximately $ 1.20 billion.
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606:"Protective Life Corporation Announces Transformation to Drive Growth"
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that opened on October 2, 2021. Protective Stadium is new home for
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670:"Protective Life gets naming rights for Birmingham's new stadium"
697:"Protective Life Secures Naming Rights to New Downtown Stadium"
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Richard J. Bielen (President and Chief Executive Officer)
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Companies formerly listed on the New York Stock Exchange
631:"Protective Life Corporation - Executive leadership"
428:"FORM 10-K - PROTECTIVE LIFE CORP - March 05, 2019"
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453:We_Are_Protective_Life. Retrieved October 3, 2016.
239:Protective Property and Casualty Insurance Company
464:"Ratings - Protective Life Financial Information"
748:Financial services companies established in 1907
106:Steve Walker (Vice Chairman, Finance & Risk)
743:Life insurance companies of the United States
235:Protective Life and Annuity Insurance Company
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763:American subsidiaries of foreign companies
258:is a financial service holding company in
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388:Birmingham–Jefferson Convention Complex
728:Companies based in Birmingham, Alabama
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655:"Protective Life Board of Directors"
668:Johnson, Roy S. (April 11, 2019).
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331:Leadership and board of directors
237:West Coast Life Insurance Company
233:Protective Life Insurance Company
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568:"Protective Life Press Release"
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753:1907 establishments in Alabama
386:stadium on the grounds of the
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758:2015 mergers and acquisitions
519:"Protective Life Corporation"
351:The company offers plans in:
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18:Protective Life Corporation
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713:Protective Life's Website
521:. Encyclopedia of Alabama
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635:investor.protective.com
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586:investor.protective.com
486:investor.protective.com
468:investor.protective.com
392:UAB Blazers football
207:Number of employees
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378:Protective Stadium
284:Drayton Nabers Jr.
248:www.protective.com
699:. April 16, 2019.
544:"Protective Life"
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402:Philanthropy
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229:Subsidiaries
211:3,800 (2023)
187:Total assets
84:Headquarters
42:Company type
282:this push,
722:Categories
640:2023-03-27
591:2023-03-27
552:18 October
525:18 October
491:2023-03-27
415:References
409:United Way
347:Operations
260:Birmingham
166:Net income
100:Key people
88:Birmingham
46:Subsidiary
681:April 22,
56:Insurance
433:March 9,
384:football
322:Missouri
121:products
111:Products
52:Industry
318:Alabama
286:became
270:History
264:Alabama
244:Website
126:Revenue
92:Alabama
74: (
66:Founded
60:Finance
675:al.com
217:Parent
201:(2023)
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138:(2023)
58:&
547:(PDF)
683:2019
617:2023
554:2013
527:2013
435:2019
294:PL.
76:1907
69:1907
337:CEO
288:CEO
199:USD
178:USD
157:USD
136:USD
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
