Financial Information

Protective Issues Statement on ISS Recommendation

Tuesday, May 7, 2013 12:12 pm EDT

Dateline:

BIRMINGHAM, Ala.

Public Company Information:

NYSE:
PL

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL, “Protective”) today announced that Institutional Shareholder Services (“ISS”) revised its proxy vote recommendation to Protective share owners. ISS now recommends a vote FOR Proposal 2: Approval of Stock Plan for Non-Employee Directors. Protective's Board of Directors continues to recommend that shareholders vote their shares FOR Proposal 2.

Protective's 2013 Annual Meeting of Shareholders will be held on May 13, 2013.

ABOUT PROTECTIVE LIFE CORPORATION

Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S. It has annual revenues of approximately $3.6 billion and as of December 31, 2012 had assets of approximately $57.4 billion.

Contact:

Protective Life Corporation
Eva Robertson, 205-268-3912
Investor Relations and Financial Media
eva.robertson@protective.com

Investor Contact

Eva Robertson
Vice President, Corporate Communications
Protective Life Corporation
(205) 268-3912
eva.robertson@protective.com