UPDATE 1-Protective Life Q3 oper profit beats Street view

* Q3 oper EPS $0.71 vs est $0.66

* Annuities segment up 41 pct, life marketing 16 pct

* Investment gains $13.4 mln vs loss $32.1 mln

Nov 3 (BestGrowthStock) – Insurer Protective Life Corp (PL.N: )
posted third-quarter operating profit that beat Wall Street
expectations, partly helped by strong performance at its life
marketing and annuities segments.

For the quarter, net income attributable to common
shareholders rose to $70.4 million, or 80 cents a share,
compared with $27.6 million, or 32 cents a share, in the
year-ago period.

Operating income, a measure commonly used by analysts as it
excludes any investment gains or losses, rose to $62.8 million,
or 71 cents a share, from $47.9 million, or 55 cents a share.

Analysts, on average, had expected the company to post
earnings of 66 cents a share, according to Thomson Reuters
I/B/E/S.

Protective Life posted investment gains of $13.4 million in
the quarter. It had posted a loss of $32.1 million in the
comparable period last year.

Pre-tax operating income in the life marketing segment rose
16 percent to $30.8 million while annuities segment jumped 41
percent to $22.7 million.

Shares of the Birmingham, Alabama-based Protective closed
at $24.59 on Wednesday on the New York Stock Exchange.

The stock has risen 24 percent since it acquired United
Investors Life Insurance Co, a unit of life and health insurer
Torchmark Corp (TMK.N: ), for about $316 million on September 14.
[ID:nSGE68D0J4] (Reporting by Archana Shankar in Bangalore;
Editing by Vyas Mohan)

UPDATE 1-Protective Life Q3 oper profit beats Street view