Protective Receives Regulatory Approvals for the MONY Life Acquisition
BIRMINGHAM, Ala. -- September 13, 2013
Protective Life Corporation (NYSE: PL) (“Protective”) today announced that it
has received the insurance regulatory approvals required in order for
Protective Life Insurance Company to move forward under its agreement with
certain subsidiaries of AXA SA (NYSE Euronext Paris:CS) (“AXA”) to acquire
MONY Life Insurance Company (“MONY”) and reinsure certain policies of MONY
Life Insurance Company of America (“MLOA”). The transaction was previously
announced on April 10, 2013.
The Company also announced that its current plan continues to be to close the
transaction early in the fourth quarter, subject to the satisfaction and
fulfillment of customary closing conditions.
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 December31, 2012 had assets of approximately $57.4 billion.
Protective Life Corporation
Eva Robertson, 205-268-3912
Vice President, Investor Relations
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