Protective Life Corp (PL) 2006年年度报告「NYSE」.pdf

1、100 Years of Doing the Right Thing1907/20072006 Annual Report100 Years ofDoing the Right ThingFinancial HighlightsChangeChange(dollarsinthousands,exceptpershareamounts)20062005200406/0505/04FOR THE YEAR Revenues$2,679,133$2,109,204$1,988,57527.0%6.1%NetIncome$281,561$246,567$234,58014.2%5.1%Operatin

2、gincomepershare(1)$3.39$3.70$3.32-8.4%11.5%Netincomepershare$3.94$3.46$3.3013.9%4.9%AT YEAR ENDTotalassets$39,795,294$28,966,993$27,211,37837.4%6.5%Share-ownersequity excludingaccumulatedother comprehensiveincome(2)$2,300,644$2,078,440$1,870,01610.7%11.2%Share-ownersequitypershare excludingaccumulat

3、edother comprehensiveincome(2)$32.88$29.82$26.9310.3%10.7%Marketpriceofcommonstock$47.50$43.77$42.698.5%2.5%RATINGSAs of the date of this report,the Companys principal operating subsidiary,Protective Life Insurance Company,has insurer financial strength ratings of A+(Superior)from A.M.Best,AA(Very S

4、trong)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,financial flexibility and capitalization.For

5、 current information:.(1)-Operatingincomeperdilutedshareiscalculatedbydividingoperatingincomeasdefinedbelowbythenumberofweightedaveragedilutedsharesoutstandingfortheperiodindicated.OperatingincomediffersfromtheGAAPmeasure,incomebeforeincometax,inthatitexcludesrealizedinvestmentgains(losses)relatedto

6、certainderivativefinancialinstruments,andthecumulativeeffectofchangeinaccountingprinciple.Operatingincomeisdefinedasincomebeforeincometax,excludingnetrealizedinvestmentgains(losses)netoftherelatedamortizationofdeferredpolicyacquisitioncosts(DAC)andvalueofbusinessesacquired(VOBA)andparticipatingincom