<ARTICLE> 7 <LEGEND> This Schedule Contains Summary Financial Information Extracted From The consolidated financial statements of Protective Life Insurance Company and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1997 <PERIOD-START> JAN-01-1998 JAN-01-1997 <PERIOD-END> JUN-30-1998 JUN-30-1997 <DEBT-HELD-FOR-SALE> 6,373,075 5,193,790 <DEBT-CARRYING-VALUE> 0 0 <DEBT-MARKET-VALUE> 0 0 <EQUITIES> 13,131 24,425 <MORTGAGE> 1,484,775 1,738,242 <REAL-ESTATE> 11,063 11,939 <TOTAL-INVEST> 8,191,007 7,378,789 <CASH> 0 321 <RECOVER-REINSURE> 614,608 442,758 <DEFERRED-ACQUISITION> 675,495 621,298 <TOTAL-ASSETS> 10,880,667 9,360,088 <POLICY-LOSSES> 3,524,683 3,112,330 <UNEARNED-PREMIUMS> 393,141 249,499 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 189,509 167,479 <NOTES-PAYABLE> 0 0 <PREFERRED-MANDATORY> 2 2 <PREFERRED> 0 0 <COMMON> 5,000 5,000 <OTHER-SE> 1,071,554 822,730 <TOTAL-LIABILITY-AND-EQUITY> 10,880,667 9,360,088 <PREMIUMS> 279,255 228,870 <INVESTMENT-INCOME> 294,170 255,793 <INVESTMENT-GAINS> 1,049 1,720 <OTHER-INCOME> 9,537 1,488 <BENEFITS> 359,589 322,153 <UNDERWRITING-AMORTIZATION> 58,258 39,029 <UNDERWRITING-OTHER> 77,595 56,467 <INCOME-PRETAX> 88,569 70,222 <INCOME-TAX> 32,025 24,455 <INCOME-CONTINUING> 56,544 45,767 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 56,544 45,767 <EPS-PRIMARY> 0<F1> 0<F1> <EPS-DILUTED> 0<F1> 0<F1> <RESERVE-OPEN> 0 0 <PROVISION-CURRENT> 0 0 <PROVISION-PRIOR> 0 0 <PAYMENTS-CURRENT> 0 0 <PAYMENTS-PRIOR> 0 0 <RESERVE-CLOSE> 0 0 <CUMULATIVE-DEFICIENCY> 0 0 <FN> <F1> Protective Life Insurance Company is a wholly-owned subsidiary of Protective Life Corporation (NYSE: PL) and is not required to present EPS information. </FN>