<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>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<DEBT-HELD-FOR-SALE>                         3,909,874
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                      47,456
<MORTGAGE>                                   1,718,900
<REAL-ESTATE>                                   21,040
<TOTAL-INVEST>                               5,980,092
<CASH>                                             808
<RECOVER-REINSURE>                             223,457
<DEFERRED-ACQUISITION>                         412,283
<TOTAL-ASSETS>                               7,043,238
<POLICY-LOSSES>                              1,869,028
<UNEARNED-PREMIUMS>                            152,296
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                          144,468
<NOTES-PAYABLE>                                 17,000
<COMMON>                                         5,000
<PREFERRED-MANDATORY>                            2,000
<PREFERRED>                                          0
<OTHER-SE>                                     596,646
<TOTAL-LIABILITY-AND-EQUITY>                 7,043,238
<PREMIUMS>                                     277,460
<INVESTMENT-INCOME>                            342,017
<INVESTMENT-GAINS>                               3,443
<OTHER-INCOME>                                   4,992
<BENEFITS>                                     383,039
<UNDERWRITING-AMORTIZATION>                     63,193
<UNDERWRITING-OTHER>                            93,297
<INCOME-PRETAX>                                 88,383
<INCOME-TAX>                                    30,052
<INCOME-CONTINUING>                             58,331
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    58,331
<EPS-PRIMARY>                                        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>