PL Planet Labs PBC

The share owners of Protective Life Corporation (NYSE: PL) held their annual meeting today and elected the following twelve directors: H. Corbin Day, James S. M. French, Thomas L. Hamby, John D. Johns, Vanessa Leonard, Charles D. McCrary, John J. McMahon, Jr., Malcolm Portera, C. Dowd Ritter, William A. Terry, W. Michael Warren, Jr. and Vanessa Wilson. Immediately following the share owners� meeting, the Board of Directors met and declared a quarterly dividend of $0.225 per share, representing a 4.7% increase over the previous quarterly dividend. The Corporation�s Board of Directors declared the quarterly dividend to be paid June 1, 2007, to share owners of record at the close of business on May 18, 2007. The Board of Directors also reauthorized a plan under which the Company may, from time to time, repurchase up to $100 million of its common stock and/or debt securities. Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. It has annual revenues of approximately $2.7 billion and as of December�31, 2006 had assets of approximately $39.8 billion.