NU Online News Service, July 24, 1:32 p.m. – Protective Life Corp., Birmingham, Ala., is reporting $54 million in net income for the second quarter on $479 million in revenue, compared with $27 million in net income on $382 million in revenue for the second quarter of 2001.
Sales of credit insurance products were down, but sales of life insurance increased to $58 million, from $37 million, and sales of annuities increased to $360 million, from $264 million.