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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Premiums and policy fees $ 3,283,069plico_PremiumsAndPolicyFees $ 2,967,322plico_PremiumsAndPolicyFees $ 2,799,390plico_PremiumsAndPolicyFees
Reinsurance ceded (1,395,743)us-gaap_CededPremiumsWritten (1,387,437)us-gaap_CededPremiumsWritten (1,310,097)us-gaap_CededPremiumsWritten
Net of reinsurance ceded 1,887,326plico_NetOfReinsuranceCeded 1,579,885plico_NetOfReinsuranceCeded 1,489,293plico_NetOfReinsuranceCeded
Net investment income 2,098,013us-gaap_NetInvestmentIncome 1,836,188us-gaap_NetInvestmentIncome 1,789,338us-gaap_NetInvestmentIncome
Realized investment gains (losses):      
Derivative financial instruments (13,492)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 82,161us-gaap_GainLossOnDerivativeInstrumentsNetPretax (227,816)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
All other investments 205,302plico_RealizedInvestmentGainsLossesAllOtherInvestments (121,537)plico_RealizedInvestmentGainsLossesAllOtherInvestments 232,836plico_RealizedInvestmentGainsLossesAllOtherInvestments
Other-than-temporary impairment losses (2,589)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount (10,941)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount (67,130)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
Portion recognized in other comprehensive income (before taxes) (4,686)plico_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax (11,506)plico_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax 8,986plico_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax
Net impairment losses recognized in earnings (7,275)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (22,447)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (58,144)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Other income 294,333us-gaap_OtherIncome 250,420us-gaap_OtherIncome 230,553us-gaap_OtherIncome
Total revenues 4,464,207us-gaap_Revenues 3,604,670us-gaap_Revenues 3,456,060us-gaap_Revenues
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2014 - $1,223,804; 2013 - $1,207,781; 2012 - $1,228,897) 2,786,463us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 2,473,988us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 2,317,121us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Amortization of deferred policy acquisition costs and value of business acquired 308,320plico_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired 154,660plico_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired 192,183plico_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
Other operating expenses, net of reinsurance ceded: (2014 - $199,824; 2013 - $199,079; 2012 - $200,442) 630,635plico_OtherOperatingExpensesNetOfReinsuranceCeded 553,523plico_OtherOperatingExpensesNetOfReinsuranceCeded 487,177plico_OtherOperatingExpensesNetOfReinsuranceCeded
Total benefits and expenses 3,725,418us-gaap_BenefitsLossesAndExpenses 3,182,171us-gaap_BenefitsLossesAndExpenses 2,996,481us-gaap_BenefitsLossesAndExpenses
Income before income tax 738,789us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 422,499us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 459,579us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (benefit) expense      
Current 181,763us-gaap_CurrentIncomeTaxExpenseBenefit (18,298)us-gaap_CurrentIncomeTaxExpenseBenefit 81,006us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred 65,075us-gaap_DeferredIncomeTaxExpenseBenefit 149,195us-gaap_DeferredIncomeTaxExpenseBenefit 70,037us-gaap_DeferredIncomeTaxExpenseBenefit
Total income tax expense 246,838us-gaap_IncomeTaxExpenseBenefit 130,897us-gaap_IncomeTaxExpenseBenefit 151,043us-gaap_IncomeTaxExpenseBenefit
Net income $ 491,951us-gaap_NetIncomeLoss $ 291,602us-gaap_NetIncomeLoss $ 308,536us-gaap_NetIncomeLoss