Protective Life Corp (PL) 2007年年度报告「NYSE」.pdf

1、Doing the right thing is smart business.1 Financial Highlights Change Change(dollars in thousands,except per share amounts)2007 2006 2005 07/06 06/05FOR THE YEAR Revenues$3,051,701$2,679,133$2,109,204 13.9%27.0%Net income$289,566$281,561$246,567 2.8%14.2%Operating income per share(1)$3.99$3.39$3.70

2、17.7%(8.4%)Net income per share(2)$4.05$3.94$3.46 2.8%13.9%AT YEAR ENDTotal assets$41,786,041$39,795,294$28,966,993 5.0%37.4%Share-owners equity excluding accumulated other comprehensive income(3)$2,537,290$2,300,644$2,078,440 10.3%10.7%Share-owners equity per share excluding accumulated other compr

3、ehensive income(3)$36.17$32.88$29.82 10.0%10.3%Market price of common stock$41.02$47.50$43.77(13.6%)8.5%RATINGS As of the date of this report,the Companys principal operating subsidiary,Protective Life Insurance Company,has insurer fi nancial strength ratings of A+(Superior)from A.M.Best,AA(Very Str

4、ong)from Standard&Poors,AA-(Very Strong)from Fitch,and Aa3(Excellent)from Moodys Investors Services.Each of these independent rating agencies has assigned its rating based on a variety of factors,including Protectives operating performance,asset quality,fi nancial fl exibility and capitalization.For

5、 current information:.(1)Operating income per diluted share is calculated by dividing operating income as defi ned below by the number of weighted average diluted shares outstanding for the period indicated.Operating income differs from the GAAP measure,income before income tax,in that it excludes r

6、ealized investment gains(losses)related to certain derivative fi nancial instruments and the cumulative effect of change in accounting principle.Operating income is defi ned as income before income tax,excluding net realized investment gains(losses)net of the related amortization of deferred policy