Exhibit 99.4

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

PROTECTIVE LIFE INSURANCE COMPANY AND SUBSIDIARIES

(in thousands)

COL. A	COL. B		COL. C		COL. D		COL. E		COL. F		COL. G			COL. H		COL. I		COL. J
Segment	Deferred Policy Acquisition Costs		Future Policy Benefits and Claims		Unearned Premiums		Stable Value Products, Annuity Contracts and Other Policyholders’ Funds		Net Premiums and Policy Fees		Net Investment Income(1)			Benefits and Settlement Expenses		Amortization of Deferred Policy Acquisition Costs		Other Operating Expenses(1)
Year Ended
December 31, 2003:
Life Marketing	$	1,185,102	$	4,846,032	$	1,854	$	62,641
Acquisitions	385,042		3,185,708		354		917,402		$	198,653	$	229,913		$	253,785	$	66,078	$	(50,379	)
Annuities	101,096		593,119		5,329		2,618,571		213,912		246,143			291,768		32,690		41,537
Stable Value Products	7,186						4,520,956		26,265		224,330			197,955		38,196		23,969
Asset Protection	175,264		189,028		691,254		5,739				233,104			186,565		2,279		5,349
Corporate and Other	9,878		89,043		44,860		189,969		244,566		36,423			142,169		80,320		80,544
Adjustments(2)			47,161		76		189		52,278		10,830			51,835		5,544		38,079
TOTAL	$	1,863,568	$	8,950,091	$	743,727	$	8,315,467	$	735,674	$	980,743		$	1,124,077	$	225,107	$	139,099
Year Ended
December 31, 2002:
Life Marketing	$	973,631	$	4,031,021	$	318	$	48,558	$	220,184	$	208,451		$	228,225	$	117,836	$	(41,501	)
Acquisitions	435,592		3,240,407		395		1,040,855		224,485		252,147			301,400		35,245		45,395
Annuities	93,140		571,109				2,742,642		25,826		220,433			186,107		24,669		26,037
Stable Value Products	4,908						3,930,668				246,098			196,576		2,304		4,946
Asset Protection	191,840		243,809		812,919		8,714		285,851		41,372			204,069		75,108		88,275
Corporate and Other	10,143		97,175		29,248		115,708		53,697		3,307			50,708		12,500		31,418
Adjustments(2)			63,775		286		3,567
TOTAL	$	1,709,254	$	8,247,296	$	843,166	$	7,890,712	$	810,043	$	971,808		$	1,167,085	$	267,662	$	154,570
Year Ended
December 31, 2001:
Life Marketing									$	120,996	$	178,866		$	190,538	$	41,399	$	(22,957	)
Acquisitions									182,432		187,535			238,877		20,500		41,684
Annuities									28,145		167,809			137,204		24,021		24,073
Stable Value Products											261,079			222,306		1,662		3,961
Asset Protection									236,266		46,963			141,789		53,749		78,311
Corporate and Other									50,829		(7,049		)	41,910		5,727		26,969
TOTAL									$	618,668	$	835,203		$	972,624	$	147,058	$	152,041

(1)Allocations of Net Investment Income and Other Operating Expenses are based on a number of assumptions and estimates and results would change if different methods were applied.

(2)Balance Sheet adjustments represent the inclusion of assets related to discontinued operations.

1

SCHEDULE IV — REINSURANCE

PROTECTIVE LIFE INSURANCE COMPANY AND SUBSIDIARIES

(dollars in thousands)

COL. A	COL. B		COL. C		COL. D		COL. E		COL. F
	Gross Amount		Ceded to Other Companies		Assumed from Other Companies		Net Amount		Percentage of Amount to Assumed Net
Year Ended
December 31, 2003:
Life insurance in force	$	324,318,517	$	292,740,795	$	22,176,303	$	53,754,025	41.3	%
Premiums and policy fees:
Life insurance	$	1,011,553	$	765,276	$	247,592	$	493,869	50.1	%
Accident/health insurance	99,023		61,644		59,633		97,012		61.5	%
Property/liability insurance	170,322		91,015		65,688		144,995		45.3
Total	$	1,280,898	$	917,935	$	372,913	$	735,876
Year Ended
December 31, 2002:
Life insurance in force	$	248,994,479	$	219,025,215	$	21,523,110	$	51,492,374	41.8	%
Premiums and policy fees:
Life insurance	$	831,129	$	532,738	$	235,198	$	533,589	44.1	%
Accident/health insurance	103,858		61,512		44,337		86,683		51.1	%
Property/liability insurance	194,601		143,908		110,543		161,236		68.6
Total	$	1,129,588	$	738,158	$	390,078	$	781,508
Year Ended
December 31, 2001:
Life insurance in force	$	191,105,512	$	171,449,182	$	23,152,614	$	42,808,944	54.1	%
Premiums and policy fees:
Life insurance	$	774 294	$	565,130	$	198,832	$	407,996	48.7	%
Accident/health insurance	181,509		122,747				58,762		0.0	%
Property/liability insurance	158,890		83,274		76,295		151,911		50.2	%
Total	$	1,114,693	$	771,151	$	275,127	$	618,669

SCHEDULE V – VALUATION ACCOUNTS

PROTECTIVE LIFE INSURANCE COMPANY AND SUBSIDIARIES

(dollars in thousands)

COL. A	COL. B		COL. C				COL. D		COL. E
			Additions
Description	Balance at beginning of period		(1) Charged to costs and expenses		(2) Charges to other accounts		Deductions		Balance at end of period
2003
Allowance for Uncollected Reinsurance Receivable	$	24,833	$	0	$	0	$	18,371	$	6,462
2002
Allowance for Uncollected Reinsurance Receivable	$	0	$	0	$	24,833	$	0	$	24,833