Protective Life Surges 17% On Better-Than-Expected 1Q Results

Shares of Protective Life Corp. (PL) jumped as much as 22% Monday, a day after the life insurer reported better-than-expected first-quarter results.

The company did not provide guidance for the year, citing "extraordinary market conditions and the potential impact of fair value accounting on reported results..."

WSJ: Protective Life Surges 17% On Better-Than-Expected 1Q Results
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