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Protective Life Reports Higher 2Q Profits

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NU Online News Service, Aug. 3, 2004, 5:12 p.m. EDT

Increases in annuity and stable-value product profits helped second-quarter results at Protective Life Corp., Birmingham, Ala.[@@]

The insurer is reporting $61 million in net income for the quarter on $482 million in revenue, up from $59 million in net income on $529 million in revenue for the second quarter of 2003.