QuickLinks -- Click here to rapidly navigate through this document
Protective Life Insurance Company
| | | Year Ended December 31 | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6/30/2003 | 6/30/2002 | 2002 | 2001 | 2000 | 1999 | 1998 | ||||||||||||
Computation of Ratio of Consolidated Earnings to Fixed Charges Before Interest Credited on Investment Products | |||||||||||||||||||
Income from Continuing Operations before Income Tax | 160,267 | 132,623 | $ | 241,623 | $ | 213,958 | $ | 174,622 | $ | 186,613 | $ | 171,461 | |||||||
Add Interest Expense | 2,256 | 2,755 | 5,019 | 4,633 | 6,400 | 7,000 | 9,836 | ||||||||||||
Earnings before Interest and Taxes | 162,523 | 135,378 | $ | 246,642 | $ | 218,591 | $ | 181,022 | $ | 193,613 | $ | 181,297 | |||||||
Earnings before Interest and Taxes Divided by Interest Expense | 72.0 | 49.1 | 49.1 | 47.2 | 28.3 | 27.7 | 18.4 | ||||||||||||
Computation of Ratio of Consolidated Earnings to Fixed Charges | |||||||||||||||||||
Income from Continuing Operations before Income Tax | 160,267 | 132,623 | $ | 241,623 | $ | 213,958 | $ | 174,622 | $ | 186,613 | $ | 171,461 | |||||||
Add Interest Expense | 2,256 | 2,755 | 5,019 | 4,633 | 6,400 | 7,000 | 9,836 | ||||||||||||
Add Interest Credited on Investment Products | 275,733 | 560,416 | 900,930 | 944,098 | 766,004 | 331,746 | 352,721 | ||||||||||||
Earnings before Interest, Interest Credited on Investment Products and Taxes | 438,256 | 695,794 | $ | 1,147,572 | $ | 1,162,689 | $ | 947,026 | $ | 525,359 | $ | 534,018 | |||||||
Earnings before Interest, Interest Credited on Investment Products and Taxes Divided by Interest Expense and Interest Credited on Investment Products | 1.6 | 1.2 | 1.3 | 1.2 | 1.2 | 1.6 | 1.5 |
Protective Life Insurance Company