XML 60 R128.htm IDEA: XBRL DOCUMENT v2.4.0.8
SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details 3) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Assets        
Fixed maturities $ 34,797,757 $ 29,769,978    
Equity securities 602,388 373,715    
Mortgage loans 5,486,417 4,948,625    
Investment real estate 16,873 6,517    
Policy loans 1,815,744 865,391    
Other long-term investments 424,482 378,821    
Short-term investments 133,024 216,787    
Total investments 43,641,685 36,859,834    
Cash 345,579 269,582 169,775 236,998
Accounts and premiums receivable 128,115 67,891    
Reinsurance receivables 6,008,010 5,682,841    
Deferred policy acquisition costs and value of business acquired 3,490,605 3,225,356 3,223,220  
Goodwill 80,675 83,773 86,871  
Property and equipment, net 51,071 47,391    
Other assets 501,509 343,925    
Income tax receivable 12,399 61,952    
Total assets 68,296,542 57,157,583    
Liabilities        
Policy liabilities and accruals 31,281,352 22,978,937    
Stable value product account balances 2,559,552 2,510,559    
Annuity account balances 11,125,253 10,658,463    
Other policyholders' funds 1,214,380 566,985    
Deferred income taxes 1,060,646 1,783,713    
Total liabilities 63,606,116 51,470,370    
Commitments and contingent liabilities- Note 3          
Shareowners' equity        
Preferred stock 2 2    
Common stock 5,000 5,000    
Additional paid-in-capital 1,433,258 1,363,258    
Retained earnings, including undistributed (losses) of subsidiaries:(2013- $(774,766); 2012- $(729,448)) 2,713,200 2,507,829    
Accumulated other comprehensive income (loss):        
Net unrealized gains (losses) on investments, all from subsidiaries, net of income tax: (2013: $290,553; 2012- $979,251) 539,598 1,818,608    
Net unrealized gains (losses) related to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax (2013- $325; 2012- $(2,147)) 603 (3,988)    
Accumulated gain (loss)- derivatives, net of income tax: (2013- $(666); 2012- $(1883)) (1,235) (3,496)    
Total shareowner's equity 4,690,426 5,687,213 4,877,350 4,072,113
Total liabilities and shareowner's equity 68,296,542 57,157,583    
PROTECTIVE LIFE INSURANCE COMPANY
       
Assets        
Fixed maturities 20,616,992 20,609,232    
Equity securities 393,911 276,046    
Mortgage loans 4,027,626 4,182,263    
Investment real estate 16,873 6,517    
Policy loans 908,431 785,841    
Other long-term investments 416,290 360,867    
Short-term investments 74,907 143,344    
Investments in subsidiaries (equity method) 2,602,566 2,586,543    
Total investments 29,057,596 28,950,653    
Cash 2,440 128,568 (31,964) 88,115
Accounts and premiums receivable 87,636 70,011    
Reinsurance receivables 5,575,085 5,358,881    
Receivables from subsidiaries   5,424    
Deferred policy acquisition costs and value of business acquired 2,271,579 2,089,708    
Goodwill 22,582 25,680    
Property and equipment, net 49,892 45,921    
Other assets 585,597 428,737    
Income tax receivable 7,043 165,013    
Assets related to separate accounts 13,154,395 10,030,831    
Total assets 50,813,845 47,299,427    
Liabilities        
Policy liabilities and accruals 17,868,373 16,554,276    
Stable value product account balances 2,559,552 2,510,559    
Annuity account balances 9,551,869 9,308,179    
Other policyholders' funds 521,799 452,798    
Accrued expenses and other liabilities 1,148,485 1,354,321    
Payables to subsidiaries 2,964      
Deferred income taxes 965,982 1,251,250    
Securities sold under repurchase agreements 350,000 150,000    
Liabilities related to separate accounts 13,154,395 10,030,831    
Total liabilities 46,123,419 41,612,214    
Commitments and contingent liabilities- Note 3          
Shareowners' equity        
Preferred stock 2 2    
Common stock 5,000 5,000    
Additional paid-in-capital 1,433,258 1,363,258    
Retained earnings, including undistributed (losses) of subsidiaries:(2013- $(774,766); 2012- $(729,448)) 2,713,200 2,507,829    
Accumulated other comprehensive income (loss):        
Net unrealized gains (losses) on investments, all from subsidiaries, net of income tax: (2013: $290,553; 2012- $979,251) 539,598 1,818,608    
Net unrealized gains (losses) related to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax (2013- $325; 2012- $(2,147)) 603 (3,988)    
Accumulated gain (loss)- derivatives, net of income tax: (2013- $(666); 2012- $(1883)) (1,235) (3,496)    
Total shareowner's equity 4,690,426 5,687,213    
Total liabilities and shareowner's equity $ 50,813,845 $ 47,299,427