Protective Life Q3 Profit Rises - Quick Facts

(RTTNews) - Protective Life Corp. (PL) reported third-quarter net income available to shareowners of $93.1 million or $1.15 per share, compared to $60.5 million or $0.73 per share in the third quarter of 2012. After-tax operating income was $79.5 million or $0.98 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.97 for the quarter. Analysts' estimates typically exclude special items.

The Board of Protective Life declared a quarterly dividend of $0.20 per share. The dividend will be paid December 2, 2013 to share owners of record at the close of business on November 14, 2013.

The company said it does not intend to repurchase shares for the remainder of 2013 in light of the recent close of the acquisition of MONY Life Insurance Company and reinsurance of certain business of the MONY Life Insurance Company of America.