Fitch affirms Protective Life

Fitch Ratings said it affirmed Protective Life Corp.'s issuer default rating at BBB+ and senior debt ratings at BBB.

Fitch said it has also affirmed the company's trust preferred ratings at BB+ and primary life insurance subsidiaries' insurer financial strength ratings at A.

The outlook is revised to stable from negative.

The affirmation follows an announcement by the company that its primary life insurance subsidiary, Protective Life Insurance Co., will acquire United Investors Life Insurance Co. from Torchmark Corp., the agency said.

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