NU Online News Service, Feb. 7, 2:05 p.m. – Protective Life Corp., Birmingham, Ala., is reporting $30 million in net income for the fourth quarter of 2002 on $440 million in revenue, up from a $4.9 million net loss on $407 million in revenue for the fourth quarter of 2001.
Protective’s products include life insurance and retirement savings products.
The company’s sales of annuities fell to $151 million, from $201 million, but sales of stable-value contracts increased to $391 million, from $58 million, and life insurance sales increased to $64 million, from $56 million.