News and Financial Information

Protective Elects Directors and Declares Quarterly Dividend

Monday, May 9, 2011 12:51 pm EDT

Dateline:

BIRMINGHAM, Ala.

Public Company Information:

NYSE:
PL

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The share owners of Protective Life Corporation (NYSE: PL) held their annual meeting today and elected the following thirteen directors:

Robert O. Burton, Thomas L. Hamby, John D. Johns, Vanessa Leonard, Charles D. McCrary, John J. McMahon, Jr., Hans H. Miller, Malcolm Portera, C. Dowd Ritter, Jesse J. Spikes, William A. Terry, W. Michael Warren, Jr. and Vanessa Wilson.

Just prior to the annual share owners meeting the Board of Directors met and declared a quarterly dividend of $0.16 per share, representing a 14% increase over the previous quarterly dividend. The Corporation’s Board of Directors declared the quarterly dividend to be paid May 31, 2011, to share owners of record at the close of business on May 20, 2011.

About Protective Life Corporation

Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. It has annual revenues of approximately $3.1 billion and as of December 31, 2010 had assets of approximately $47.6 billion.

Contact:

Protective Life Corporation
Eva Robertson, 205-268-3912
Vice President, Investor Relations

Company Contact

Brittnie Bordonaro
Corporate Communications
Protective Life Corporation
(205) 268-8611
brittnie.bordonaro@protective.com

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