Protective Life Corp.
Protective Life Corporation is a financial services holding company headquartered in Birmingham, Alabama. Founded in 1907, it operates primarily through its subsidiary, Protective Life Insurance Company, and provides life insurance, annuities, stable value products, and asset protection solutions nationwide. The firm, wholly owned by Dai-ichi Life Holdings since 2015, has more than 3,800 employees and $124.5 billion in assets as of December 31, 2023, serving over 16 million policies and contracts.
Investment Strategy
Protective Life Corporation's investment approach centers on generating stable, long-term returns to support its insurance and annuity obligations. The firm invests across diversified fixed income securities, including corporate, government, and asset-backed bonds, maintaining a prudent, risk-controlled strategy suited to the needs of an insurance balance sheet. Protective also manages guaranteed investment contracts for institutional clients and maintains a disciplined acquisition strategy to expand policy and annuity assets. The company is committed to broadening its investor base through collaborative transactions, such as its Funding Agreement-Backed Notes program with minority-owned investment firms.
Top Holdings
Equity Positions (1)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
J JPC | Nuveen Multi-ST Inc & Gth | 100.00% | $3.5M | 440,000 | $9.21 | $8.02 | +$26.4K |