Ohio National Reports Record-Breaking Life Sales

Protective Life Corporation, Birmingham, Ala. (NYSE: PL), reported net income available to common shareowners for the fourth quarter of 2011 of $89.9 million or $1.06 per average diluted share. This compares to $78.6 million or $0.90 per average diluted share in the fourth quarter of 2010.

After-tax operating income was $86.5 million or $1.02 per average diluted share, compared to $54.1 million or $0.62 per average diluted share in the fourth quarter of 2010.

Net income available to common shareowners for the twelve months ended December 31, 2011 was $339.1 million or $3.92 per average diluted share, compared to $260.2 million or $2.97 per average diluted share for the twelve months ended December 31, 2010. After-tax operating income was $316.1 million or $3.65 per average diluted share, compared to $239.0 million or $2.73 per average diluted share for the twelve months ended December 31, 2010.

FBL Financial Group, Inc., West Des Moines, Iowa (NYSE: FFG), reported a net loss for the fourth quarter of 2011 of $60.3 million, or $1.96 per diluted common share, due to one-time charges relating to the previously announced sale of its subsidiary, EquiTrust Life Insurance Company.

The loss compares to net income of $51.6 million, or $1.67 per diluted common share, for the fourth quarter of 2010.

The company’s operating income totaled $21.8 million, or $0.70 per common share, for the fourth quarter of 2011, compared to $21.7 million, or $0.70 per common share, for the fourth quarter of 2010.

On December 30, 2011, FBL Financial Group sold its subsidiary, EquiTrust Life Insurance Company, for sale proceeds of $465.3 million in cash. A portion of the proceeds from the sale were used to redeem FBL Financial Group’s $50 million of affiliate debt on December 30, 2011 and $175 million of public debt on January 30, 2012. The operations of EquiTrust Life have been accounted for as discontinued operations.

The Phoenix Companies, Inc., Hartford, Conn. (NYSE: PNX), announced that it will hold a conference call with the investment community on Thursday, February 16, 2012, at 11 a.m., EST. The call will cover, among other items, Phoenix’s fourth quarter 2011 financial results, scheduled to be announced before the market opens on February 16.

The conference call will be broadcast live over the Internet at in the Investor Relations section of the company’s web site.