XML 20 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
DAI-ICHI MERGER (Details) (USD $)
0 Months Ended
Feb. 01, 2015
Mar. 31, 2015
SIGNIFICANT ACQUISITIONS    
Goodwill   $ 735,712,000us-gaap_Goodwill
Assets    
Other intangibles 683,000,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill  
PLICO | Dai-ichi Life    
SIGNIFICANT ACQUISITIONS    
Goodwill 735,712,000us-gaap_Goodwill
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Expected tax deductible goodwill 0us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Assets    
Fixed maturities 38,342,948,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMarketableSecuritiesFixedMaturities
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Equity securities 699,081,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMarketableSecuritiesEquitySecurities
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Mortgage loans 5,580,229,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageLoans
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Investment real estate 7,456,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRealEstateInvestments
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Policy loans 1,751,872,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPolicyLoans
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Other long-term investments 657,346,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLongTermInvestments
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Short-term investments 311,236,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedShortTermInvestments
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Total investments 47,350,168,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPurchasePriceAllocationInvestments
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Cash 378,903,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Accrued investment income 483,691,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedInvestmentIncome
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Accounts and premiums receivable 104,260,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsAndPremiumsReceivable
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Reinsurance receivables 5,538,637,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReinsuranceReceivable
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Value of business acquired 1,278,064,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedValueOfBusinessAcquired
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Other intangibles 683,000,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Property and equipment 102,736,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Other assets 224,555,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Income tax receivable 50,117,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIncomeTaxReceivable
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Assets related to separate accounts    
Variable annuity 12,970,587,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedToSeparateAccountsForVariableAnnuity
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Variable universal life 819,188,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedToSeparateAccountsForVariableUniversalLife
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Total assets 70,719,618,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Liabilities    
Future policy benefits and claims 30,195,397,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFuturePolicyAndBenefitClaims
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Unearned premiums 622,278,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedUnearnedPremiums
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Total policy liabilities and accruals 30,817,675,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPolicyLiabilitiesAndAccruals
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Stable value product account balances 1,932,277,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedStableValueProductAccountBalances
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Annuity account balances 10,941,661,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAnnuityAccountBalances
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Other policyholders' funds 1,388,083,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherPolicyholderFunds
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Other liabilities 1,533,666,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilities
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Deferred income taxes 1,861,632,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredIncomeTaxLiability
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Non-recourse funding obligations 1,895,636,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNonrecourseFundingObligations
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Repurchase program borrowings 50,000,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRepurchaseProgramBorrowings
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Liabilities related to separate accounts    
Variable annuity 12,970,587,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedToLiabilitiesSeparateAccountsForVariableAnnuity
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Variable universal life 819,188,000plico_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedToLiabilitiesSeparateAccountsForVariableUniversalLife
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Total liabilities 64,210,405,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Net assets acquired 6,509,213,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeInsuranceCompanyMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
PLC | Dai-ichi Life    
SIGNIFICANT ACQUISITIONS    
Per share merger consideration (in dollars per share) $ 70us-gaap_BusinessAcquisitionSharePrice
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeCorporationMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember
 
Aggregate cash consideration $ 5,600,000,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= plico_ProtectiveLifeCorporationMember
/ dei_LegalEntityAxis
= plico_DaiichiLifeMember