PROTECTIVE LIFE CORP (PL) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Jan-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Acquisitions	2,027.2	1,569.1	1,676.0			1,720.2	1,186.6	1,064.3
Life Marketing	1,689.8	1,667.1	1,627.8			1,549.4	1,444.8	1,346.9
Annuities	545.9	450.3	574.9			533.4	714.6	612.2
Asset Protection	310.2	327.6	269.1			276.0	278.3	283.3
Other	467.8	404.7	336.0					316.3
Total revenues	5,041.0	4,418.8	4,483.9			0.0	0.0	3,623.0
Revenue growth	14.1%	-1.5%					-100.0%	1.6%
Loss and loss adjustment expenses	3,515.9	2,957.3	2,880.4					2,326.0
Policy acquisition costs	133.3	52.6
Investment expenses	30.0	29.1	29.1
Other operating expenses	978.7	944.8	980.4				-393.5	844.0
EBITDA	-98.3	-20.8	306.5					465.8
EBITDA margin	-1.9%	-0.5%	6.8%					12.9%
Depreciation	67.9	62.6	37.5					7.9
EBIT	-166.2	-83.4	269.0			0.0	0.0	457.9
EBIT margin	-3.3%	-1.9%	6.0%					12.6%
Interest and other income (expense), net	850.8	889.4	799.2
Other income (expense), net	453.7	446.7	415.7					-4.9
Pre-tax income	383.0	435.1	594.0			0.0	393.5	453.0
Income taxes	80.7	-671.5	201.0			0.0	0.0	150.5
Tax rate	21.1%		33.8%				0.0%	33.2%
Net income	302.4	1,106.5	393.0			0.0	393.5	302.5
Net margin	6.0%	25.0%	8.8%					8.3%

Basic EPS						$0.00	$4.96	$3.73
Diluted EPS						$0.00	$4.86	$3.66

Shares outstanding (basic)						80.1	79.4	81.1
Shares outstanding (diluted)						81.4	80.9	82.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.