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Protective Life Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
S&P rating: AA-
Fitch rating: A
Moody's rating: A2
Type of Insurance Company: Stock
Name of Parent Company:
Protective Life Corporation
Protective Life and Annuity Insurance Company
West Coast Life Insurance Company
MONY Life Insurance Company
Lyndon Insurance Group, Inc. and Affiliates
Company History: In 1907 Governor William Dorsey Jelks founded Protective Life Insurance Company. By 1957 the company had almost $1 billion of insurance in force. In 1997 the company acquired West Coast Life; in 2006 the company acquired Chase Insurance Group; and in 2013 the company acquired MONY Life Insurance Company for $1.06 billion. In 2010 Protective Life (parent company) was awarded the Optimas Award from Workforce Management Magazine and honored in the Partnership category by the Virgin HealthMiles employee wellness program. Now Protective Life Insurance Company has over $773.449 billion dollars of life insurance in-force with total revenues of $3.959 billion total annuities of $2.56 million. Subject to stockholder approval, Dai-ichi Life is expected to acquire Protective Life Corporation by the end of 2014.
Principle Sales Methods: Brokers, Dealers, Independent Agents and Career agents
Life Annuity Business: Protective Life Insurance specializes in Term and Permanent Life policies and Annuity plans for individuals and families. The company offers term life, universal life, custom choice, variable, and survivor life insurance.
Health Business: Protective Life Insurance sells Disability and Supplemental Health Insurance policies.
Company Financial Status:
Ticker Symbol: PL (NYSE)
Assets & Premiums: Parent Company on 2012 Fortune 1000 list and 2012 Forbes Global 2000 list.
Premiums and policy fees: $2.981 billion
Total Assets: $6.012 billion
Lines of Insurance:
Health, Life, Disability
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY