Protective Life's operating earnings up in 4Q

Protective Life Corp. (NYSE: PL) reported increased operating income for the fourth quarter and all of 2011, according to a release from the company. The Birmingham-based insurance company recorded operating income of $87 million in the fourth quarter, which was up 60 percent from the same quarter in 2010. Overall for the quarter, the company’s net income available to common shareholders, which includes income and losses on the company’s investments, was $89.9 million or $1.06 per share. That’s

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