<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 <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <DEBT-HELD-FOR-SALE> 6,214,788 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 14,815 <MORTGAGE> 1,950,362 <REAL-ESTATE> 16,339 <TOTAL-INVEST> 8,585,771 <CASH> 0 <RECOVER-REINSURE> 846,738 <DEFERRED-ACQUISITION> 914,151 <TOTAL-ASSETS> 12,136,787 <POLICY-LOSSES> 4,329,872 <UNEARNED-PREMIUMS> 465,129 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 122,318 <NOTES-PAYABLE> 39,347 <PREFERRED-MANDATORY> 2 <PREFERRED> 0 <COMMON> 5,000 <OTHER-SE> 982,774 <TOTAL-LIABILITY-AND-EQUITY> 12,136,787 <PREMIUMS> 304,159 <INVESTMENT-INCOME> 306,595 <INVESTMENT-GAINS> 3,664 <OTHER-INCOME> 11,215 <BENEFITS> 376,720 <UNDERWRITING-AMORTIZATION> 59,225 <UNDERWRITING-OTHER> 86,258 <INCOME-PRETAX> 103,430 <INCOME-TAX> 37,890 <INCOME-CONTINUING> 65,540 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 65,540 <EPS-BASIC> 0<F1> <EPS-DILUTED> 0<F1> <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 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>