Protective Life Corporation: Difference between revisions
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[[Drayton Nabers, Jr]] took over the reigns in [[1992]] and supervised the acquisition of the West Coast Life Insurance Company and the Lyndon Companies of St Louis, Missouri, solidifying the corporations national reach. Today, the company is one of the nation's leading providers of life insurance. John Johns took over as CEO in [[2002]]. | [[Drayton Nabers, Jr]] took over the reigns in [[1992]] and supervised the acquisition of the West Coast Life Insurance Company and the Lyndon Companies of St Louis, Missouri, solidifying the corporations national reach. Today, the company is one of the nation's leading providers of life insurance. John Johns took over as CEO in [[2002]]. | ||
In [[2006]] Protective Life acquired the Chase Insurance Group from JP Morgan Chase & Co. In [[2007]] the company, with about 2,500 employees, was ranked in the top 10 best places to work in Birmingham by the ''[[Birmingham Business Journal]]'' | In [[2006]] Protective Life acquired the Chase Insurance Group from JP Morgan Chase & Co. In [[2007]] the company, with about 2,500 employees, was ranked in the top 10 best places to work in Birmingham by the ''[[Birmingham Business Journal]]''. | ||
As of [[December 31]], [[2006]], Protective Life had insurance in force of approximately $724.1 billion. The company pursues community development projects through its '''Protective Life Foundation'''. | As of [[December 31]], [[2006]], Protective Life had insurance in force of approximately $724.1 billion. The company pursues community development projects through its '''Protective Life Foundation'''. | ||
Revision as of 10:29, 2 April 2009
The Protective Life Corporation (NYSE:PL) is a Fortune 1000 holding company with subsidiaries involved in the production, distribution, and administration of insurance and investment products. It was founded in 1907 as the Protective Life Insurance Company by former Governor William Jelks. The corporation's headquarters office is located at 2801 U. S. Highway 280. The current CEO is John Johns.
In 1928 the company purchased the former Birmingham Ledger building at 1st Avenue North and 21st Street and erected the landmark 13-story Protective Life building. At the time the firms insurance in force amounted to about $6 million.
William J. Rushton became president of the company in 1937. When William Rushton, III assumed the role of CEO in 1969, Protective Life was already a regional provider throughout large portions of the South. In an attempt to grow the company, Rushton pushed for an ambitious plan to introduce Protective Life into all 50 U.S. states. In 1976 the company moved out of its downtown headquarters to Mountain Brook's Office Park. Later the company began building a corporate campus in a 28-acre site on Highway 280. The third of three office buildings on the site was begun in 2001.
Drayton Nabers, Jr took over the reigns in 1992 and supervised the acquisition of the West Coast Life Insurance Company and the Lyndon Companies of St Louis, Missouri, solidifying the corporations national reach. Today, the company is one of the nation's leading providers of life insurance. John Johns took over as CEO in 2002.
In 2006 Protective Life acquired the Chase Insurance Group from JP Morgan Chase & Co. In 2007 the company, with about 2,500 employees, was ranked in the top 10 best places to work in Birmingham by the Birmingham Business Journal.
As of December 31, 2006, Protective Life had insurance in force of approximately $724.1 billion. The company pursues community development projects through its Protective Life Foundation.
References
- Stone, Adam (October 5, 2007) "No. 10: Protective Life Corp." 2007 Best Places to Work: 151+ employees. Birmingham Business Journal
- MIlazzo, Don (March 2, 2001) "Protective Life campus growing to 3 buildings." Birmingham Business Journal
External links
- Protective Life Corporation website