<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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<DEBT-HELD-FOR-SALE>                         3,583,409
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                      44,149
<MORTGAGE>                                   1,555,340
<REAL-ESTATE>                                   20,202
<TOTAL-INVEST>                               5,568,873
<CASH>                                               0
<RECOVER-REINSURE>                             131,725
<DEFERRED-ACQUISITION>                         411,573
<TOTAL-ASSETS>                               6,398,405
<POLICY-LOSSES>                              1,741,020
<UNEARNED-PREMIUMS>                             99,936
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                          142,688
<NOTES-PAYABLE>                                      0
<COMMON>                                         5,000
<PREFERRED-MANDATORY>                            2,000
<PREFERRED>                                          0
<OTHER-SE>                                     475,095
<TOTAL-LIABILITY-AND-EQUITY>                 6,398,405
<PREMIUMS>                                      90,562
<INVESTMENT-INCOME>                            110,291
<INVESTMENT-GAINS>                               2,661
<OTHER-INCOME>                                   1,354
<BENEFITS>                                     123,941
<UNDERWRITING-AMORTIZATION>                     20,325
<UNDERWRITING-OTHER>                            31,695
<INCOME-PRETAX>                                 28,907
<INCOME-TAX>                                     9,539
<INCOME-CONTINUING>                             19,368
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    19,368
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0