Protective Life Corporation Announces Promotion of Russ Kolmin to SVP, Chief Product Officer, Protection

Seasoned actuary with extensive pricing expertise and M&A valuation experience tapped to lead life insurance product strategy after more than a decade with the organization

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the promotion of Russ Kolmin to Senior Vice President, Chief Product Officer, Protection, effective April 2, 2025.

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Russ Kolmin, SVP, Chief Product Officer, Protection

As Chief Product Officer, Protection, Kolmin’s primary responsibility is overseeing product development for the company’s life insurance business line, ensuring compliance with all regulatory requirements while driving growth and profitability. He will report to Aaron Seurkamp, SVP and President, Protection & Retirement Division.

“This promotion highlights Protective’s commitment to advancing our internal talent," said Seurkamp. “Russ exemplifies the strength of our talent pipeline and demonstrates our strategic focus on developing leaders who drive our organization forward. His deep understanding of our business and products, combined with his extensive pricing expertise, makes him uniquely qualified for this role.”

Kolmin joined Protective in 2014 as a Pricing Actuary, where he oversaw pricing efforts for all products within the life insurance business line. He quickly advanced through various leadership roles, becoming VP, Corporate Actuary in February 2022. In this role, Kolmin led corporate transaction valuations and conducted due diligence on key actuarial topics throughout the acquisition process. He played a pivotal role in some of Protective's most significant recent transactions, including the 2024 ShelterPoint acquisition and the $9.7 billion strategic reinsurance agreement with Resolution Life announced earlier this year.

An Ohio native, Kolmin began his career at State Farm before joining Protective. In 2014, he achieved his Fellow of the Society of Actuaries (FSA) designation. Throughout his career, Kolmin has remained an active volunteer in the actuarial community through the Society of Actuaries.

Protective offers a comprehensive suite of life insurance and annuity products that serve a variety of customer needs in the retail and institutional marketplace. Products are distributed through independent insurance agents and brokers, broker-dealers, financial institutions and property & casualty organizations.

About Protective

Protective has helped people achieve protection and security in their lives for 118 years. Through its subsidiaries, Protective offers life insurance, annuity, asset protection and employee benefits solutions and is helping nearly 17 million people protect what matters most. Protective’s approximately 3,800 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities - because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc., has $125 billion in assets, as of Dec. 31, 2024. Protective is headquartered in Birmingham, Alabama, and is supported by a robust virtual workforce and core sites in the greater Cincinnati area and St. Louis. For more information about Protective, visit www.protective.com

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Seasoned actuary with extensive pricing expertise and M&A valuation experience tapped to lead life insurance product strategy after more than a decade with the organization.