Protective Life Announces Organizational Changes

Life Corporation
(Protective), a wholly owned U.S. subsidiary of
Dai-ichi Life Holdings, Inc. (TSE:8750), today announced key
organizational changes to reinforce its strategic plans and position the
Company for future growth.

Effective June 1, 2019, Mike Temple will assume the role of Vice
Chairman and Chief Operating Officer
, a new role for the
organization that will provide strategic leadership for the retail
businesses and supporting capabilities. Temple, who joined Protective in
2012 and most recently served as Vice Chairman, Finance and Risk, has 34
years of experience in a variety of capacities in the life and health
insurance industries and will bring a unique combination of strategic
thinking, financial experience and keen understanding of Protective’s
business to the role. He will have responsibilities for the Life,
Annuity and Asset Protection segments, including Sales & Marketing,
Product Development, Operations, Information Technology, Digital and
Innovation, as well as Pricing for retail and acquisition activities.

As part of these changes, Steve Walker, who has served as Executive
Vice President and Chief Financial Officer since 2016, will continue
this role with expanded responsibilities to include all accounting,
finance and risk functions
. With more than 36 years of insurance
industry experience, Walker’s commitment and leadership will continue
enabling Protective’s strong financial and risk acumen as the company
grows and evolves.

“This is an exciting time for Protective. Over the past 18 months, we
have announced the two largest acquisitions in company history, putting
us in a strong position for continued growth,” said Rich Bielen,
Protective’s President & CEO. “Protective has exceptional talent, and I
am proud to see these leaders take on new responsibilities. These
changes will enable us to capitalize on the opportunities ahead, and I
look forward to seeing what we accomplish together.”

About Protective Life Corporation

Protective Life Corporation (Protective) provides financial services
through the production, distribution and administration of insurance and
investment products throughout the U.S. Protective traces its roots to
its flagship company, Protective Life Insurance Company – founded in
1907. Throughout its more than 110-year history, Protective’s growth and
success can be largely attributed to its ongoing commitment to serving
people and doing the right thing – for its employees, distributors, and
most importantly, its customers. Protective’s home office is located in
Birmingham, Alabama, and its 3,000+ employees are located in offices
across the United States. As of March 31, 2019, Protective had assets of
approximately $92 billion. Protective Life Corporation is a wholly owned
subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). For more
information about Protective, please visit


Brittnie Bordonaro
Corporate Communications
(205) 268-8611

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