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The company's primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. As of December 31, 2023, the corporation has more than 3,800 employees, annual revenues of $6.6 billion and assets of $118.4 billion.
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
Protective Life Insurance Company Introduces Protective Indexed Annuity Unique features offer upside potential with downside protection BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Protective Life ...
In December 2015, the company sold Genworth Lifestyle Protection Insurance to Axa for €465 million. [32] In January 2016, Protective Life acquired parts of the company for $661 million. [33] [34] In February 2016, the company suspended sales of annuities and life insurance, putting the existing books of business into runoff. [35] [36]
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