Protective Life Corp (PL) 2002年年度报告「NYSE」.pdf

1、Doing the right thing is smart business.2002 ANNUAL REPORTProtective Life Corporation 2002 Annual ReportProtective Life CorporationPost Office Box 2606Birmingham,Alabama Financial highlights200220012000CHANGECHANGE(dollars in thousands,except per share data)02/0101/00FOR THE YEARRevenues$1,920,678$1

2、,603,186$1,364,72919.8%17.5%Net income$177,355$102,943$153,47672.3%(32.9)%Operating income from continuing operations per share1$2.50$2.21$2.1513.1%2.8%Operating return on average equity1,2,313.8%13.1%14.6%Net income per share$2.52$1.47$2.3271.4%(36.6)%AT YEAR ENDTotal assets$21,953,004$19,718,824$1

3、5,145,63311.5%30.2%Share-owners equity excluding accumulated other comprehensive income3$1,484,788$1,345,816$1,165,43110.3%15.5%Share-owners equity excluding accumulated other comprehensive incomeper share3$21.62$19.63$18.0510.1%8.8%Market price of common stock$27.52$28.93$32.25(4.9)%(10.3)%RATINGSA

4、s of the date of this report,the Companys principal operating subsidiary,Protective Life Insurance Company,hasinsurer financial strength ratings of A+(Superior)from A.M.Best,AA(Very Strong)from Standard&Poors,AA-(Very Strong)from Fitch,and Aa3(Excellent)from Moodys Investors Services.Each of these i

5、ndependent ratingagencies has assigned its rating based on a variety of factors,including Protectives operating performance,assetquality,financial flexibility,and capitalization.For current information:.1.”Operating income from continuing operations“is a non-GAAP measure which excludes items not con

6、sidered indicative of the Companys core operations.Items excluded consist of realized investment gains and losses and related amortization,income(loss)from discontinued operations,extraordinary loss,and change in accounting principle.”Net Income from continuing operations“is a GAAP measure to which”