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Dai-ichi, Protective donate $4 million for advancements in Alabama

BIRMINGHAM – Tokyo-based Dai-ichi Life Insurance Co. teamed up with Birmingham-based Protective Life Corp. this morning to announce $4.1 million in donations that will have significant impacts on medical research, education and culture in Alabama.

The donations announced today follow the Feb. 1 completion of a formal merger between Dai-ichi, Japan’s second largest life insurance company, and Protective, whose roots in Alabama’s largest city date back to 1907.

At a ceremony this morning at the Birmingham Botanical Gardens, the companies said the $4.1 million in gifts will be split between the University of Alabama at Birmingham (UAB), in partnership with Southern Research; the University of Alabama’s Culverhouse College of Commerce; and the Botanical Gardens.

“We worked diligently and in tandem with Protective leadership to identify recipients that align with our company’s mission of, ‘By your side, for life,’” said Koichiro Watanabe, Dai-ichi president and representative director. “Each recipient in some way reinforces our company values, our culture and our commitment to improving the lives of the people and communities we serve.”

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