Dai ichi Life : Protective Life PDF

Protective Life Corporation

Steve Walker | Executive Vice President, Chief Financial Officer

November 18, 2021 | Dai-ichi Life Holdings IR Day

Agenda

Protective Overview

Financial Results

Acquisitions Update

2021 Corporate Priorities

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Introduction

In addition to the information contained in this presentation, we have supplemental financial information available on our website at www.protective.com. The information found on our website is not incorporated by reference or made a part of this presentation. Unless context otherwise requires, "we," "us," and "our" refer to the consolidated group of the Protective Life Corporation ("PLC" or the "Company") and its subsidiaries. This presentation includes forward-looking statements which express expectations of future events and/or results. Actual events and results may differ materially from these expectations. For more information about the risks, uncertainties, and other factors that could affect our future results, please refer to the "Risk Factors" sections of the most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q of the Company's primary operating subsidiary, Protective Life Insurance Company ("PLICO"), which reports are available on our website.

Certain information included in this presentation may contain non-GAAP financial measures. The preparation of Company financial statements requires management to make estimates and assumptions that impact the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

This presentation is not intended as, and should not be construed as, earnings guidance. This presentation is dated November 18, 2021. We assume no obligation to, and do not intend to update the information contained herein after such date.

Note: Amounts in this presentation are in USD, unless specified otherwise.

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Protective Overview

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Our response to industry changes

	What's driving the industry			How we've responded
•	Pandemic		•	How we work and connect
•	Consolidating industry		•	Alternative asset management strategies
•	Low for long interest rates		•	Product changes and need for scale
•	Evolving Customer and Distributor expectations		•	Accelerated technology adoption and Insurtech
•	Political and social events		•	Business rationalization and capital efficiency
• Rapid innovation across industries		•	Sustainability, ESG and Community engagement

The pace and degree of industry change makes it more important than ever

to develop intermediate and long-term goals.

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