<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>