Protective Life : Akorn Set to Join the S&P MidCap 400; United Insurance Holdings, ANI Pharmaceuticals to Join the S&P SmallCap 600

NEW YORK, Jan. 27, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

    --  S&P SmallCap 600 constituent Akorn Inc. (NASD: AKRX) will replace
        Protective Life Corp. (NYSE: PL) in the S&P MidCap 400, and United
        Insurance Holdings Corp. (NASD: UIHC) will replace Akorn in the S&P
        SmallCap 600 after the close of trading on Friday, January 30. Dai-ichi
        Life Insurance Company Limited is acquiring Protective Life in a deal
        expected to be completed on February 1.
    --  ANI Pharmaceuticals Inc. (NASD: ANIP) will replace Gentiva Health
        Services, Inc. (NASD: GTIV) in the S&P SmallCap 600 after the close of
        trading on Monday, February 2. S&P SmallCap 600 constituent Kindred
        Healthcare Inc. (NYSE: KND) is acquiring Gentiva in a deal expected to
        be completed on or about that date, pending final approvals.

Akorn manufactures and markets diagnostic and therapeutic ophthalmic pharmaceuticals, niche hospital drugs, and injectable pharmaceuticals. Headquartered in Lake Forest, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

United Insurance Holdings operates as a property and casualty insurance company. Headquartered in St Petersburg, FL, the company will be added to the S&P SmallCap 600 Property & Casualty Sub-Industry index.

ANI Pharmaceuticals develops, manufactures, and markets branded and generic prescription pharmaceuticals. Headquartered in Baudette, MN, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Following is a summary of the changes:

                      S&P MIDCAP 400 INDEX - January 30, 2015
                      ---------------------------------------

                 COMPANY                 GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
                 -------                 --------------------    -----------------

      ADDED       Akorn                       Health Care         Pharmaceuticals
      -----       -----                       -----------         ---------------

     DELETED Protective Life                  Financials      Life & Health Insurance
     ------- ---------------                  ----------      -----------------------

                             S&P SMALLCAP 600 - January 30, 2015
                             -----------------------------------

                      COMPANY                 GICS ECONOMIC SECTOR       GICS SUB-INDUSTRY
                      -------                 --------------------       -----------------

      ADDED  United Insurance Holdings             Financials      Property & Casualty Insurance
      -----  -------------------------             ----------      -----------------------------

     DELETED           Akorn                       Health Care            Pharmaceuticals
     -------           -----                       -----------            ---------------

                         S&P SMALLCAP 600 INDEX - February 2, 2015
                         -----------------------------------------

                     COMPANY                       GICS ECONOMIC SECTOR  GICS SUB-INDUSTRY
                     -------                       --------------------  -----------------

      ADDED    ANI Pharmaceuticals                      Health Care       Pharmaceuticals
      -----    -------------------                      -----------       ---------------

     DELETED Gentiva Health Services                    Health Care     Health Care Services
     ------- -----------------------                    -----------     --------------------

Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
([phone]
[e-mail]

David R. Guarino
Communications
S&P Dow Jones Indices
([phone]
[e-mail]

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