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Principal Life Insurance Co. – ‘S-1/A’ on 4/25/24 – ‘EX-101.LAB’

On:  Thursday, 4/25/24, at 5:26pm ET   ·   Accession #:  1104659-24-52076   ·   File #:  333-276971

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/25/24  Principal Life Insurance Co.      S-1/A                202:75M                                    Toppan Merrill/FA

Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1   —   SA’33

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Pre-Effective Amendment to Registration Statement   HTML  17.61M 
                (General Form)                                                   
 2: EX-4.VI     Instrument Defining the Rights of Security Holders  HTML     61K 
 3: EX-5        Opinion of Counsel re: Legality                     HTML     60K 
 4: EX-23       Exhibit-A-23                                        HTML     55K 
 5: EX-24       Power of Attorney                                   HTML     85K 
 6: EX-FILING FEES  Exhibit-Filing Fees                             HTML     66K 
17: R1          Document and Entity Information                     HTML     67K 
18: R2          Consolidated Statements of Financial Position       HTML    190K 
19: R3          Consolidated Statements of Financial Position       HTML     85K 
                (Parenthetical)                                                  
20: R4          Consolidated Statements of Operations               HTML    130K 
21: R5          Consolidated Statements of Comprehensive Income     HTML     99K 
22: R6          Consolidated Statements of Stockholder's Equity     HTML    109K 
23: R7          Consolidated Statements of Cash Flows               HTML    211K 
24: R8          Nature of Operations and Significant Accounting     HTML    727K 
                Policies                                                         
25: R9          Related Party Transactions                          HTML     80K 
26: R10         Goodwill and Other Intangible Assets                HTML    110K 
27: R11         Variable Interest Entities                          HTML    158K 
28: R12         Investments                                         HTML   1.44M 
29: R13         Derivative Financial Instruments                    HTML    644K 
30: R14         Closed Block                                        HTML    183K 
31: R15         Deferred Acquisition Costs and Other Actuarial      HTML    201K 
                Balances                                                         
32: R16         Separate Account Balances                           HTML    178K 
33: R17         Contractholder Funds                                HTML    611K 
34: R18         Future Policy Benefits and Claims                   HTML   1.17M 
35: R19         Market Risk Benefits                                HTML    178K 
36: R20         Reinsurance                                         HTML    180K 
37: R21         Debt                                                HTML    135K 
38: R22         Income Taxes                                        HTML    230K 
39: R23         Employee and Agent Benefits                         HTML    276K 
40: R24         Contingencies, Guarantees, Indemnifications and     HTML    172K 
                Leases                                                           
41: R25         Stockholder's Equity                                HTML    357K 
42: R26         Fair Value Measurements                             HTML   1.63M 
43: R27         Statutory Insurance Financial Information           HTML     76K 
44: R28         Segment Information                                 HTML    340K 
45: R29         Revenues from Contracts with Customers              HTML    232K 
46: R30         Stock-Based Compensation Plans                      HTML    107K 
47: R31         Schedule I - Summary of Investments - Other Than    HTML    140K 
                Investments in Related Parties                                   
48: R32         Schedule III - Supplementary Insurance Information  HTML    267K 
49: R33         Schedule IV - Reinsurance                           HTML    165K 
50: R34         Nature of Operations and Significant Accounting     HTML    749K 
                Policies (Policies)                                              
51: R35         Nature of Operations and Significant Accounting     HTML    680K 
                Policies (Tables)                                                
52: R36         Goodwill and Other Intangible Assets (Tables)       HTML    115K 
53: R37         Variable Interest Entities (Tables)                 HTML    151K 
54: R38         Investments (Tables)                                HTML   1.42M 
55: R39         Derivative Financial Instruments (Tables)           HTML    622K 
56: R40         Closed Block (Tables)                               HTML    182K 
57: R41         Deferred Acquisition Costs and Other Actuarial      HTML    210K 
                Balances (Tables)                                                
58: R42         Separate Account Balances (Tables)                  HTML    178K 
59: R43         Contractholder Funds (Tables)                       HTML    612K 
60: R44         Future Policy Benefits and Claims (Tables)          HTML   1.30M 
61: R45         Market Risk Benefits (Tables)                       HTML    199K 
62: R46         Reinsurance (Tables)                                HTML    176K 
63: R47         Debt (Tables)                                       HTML    135K 
64: R48         Income Taxes (Tables)                               HTML    227K 
65: R49         Employee and Agent Benefits (Tables)                HTML    274K 
66: R50         Contingencies, Guarantees, Indemnifications and     HTML    164K 
                Leases (Tables)                                                  
67: R51         Stockholder's Equity (Tables)                       HTML    352K 
68: R52         Fair Value Measurements (Tables)                    HTML   1.60M 
69: R53         Statutory Insurance Financial Information (Tables)  HTML     71K 
70: R54         Segment Information (Tables)                        HTML    324K 
71: R55         Revenues from Contracts with Customers (Tables)     HTML    290K 
72: R56         Stock-Based Compensation Plans (Tables)             HTML     93K 
73: R57         Nature of Operations and Significant Accounting     HTML    145K 
                Policies - Cumulative effect adjustment to                       
                retained earnings and AOCI (Details)                             
74: R58         Nature of Operations and Significant Accounting     HTML    130K 
                Policies - Cumulative effect adjustment on                       
                consolidated statements of financial position                    
                (Details)                                                        
75: R59         Nature of Operations and Significant Accounting     HTML    142K 
                Policies - Deferred Acquisition Costs (Details)                  
76: R60         Nature of Operations and Significant Accounting     HTML    105K 
                Policies - Balances and changes in DAC (Details)                 
77: R61         Nature of Operations and Significant Accounting     HTML     97K 
                Policies - Unearned Revenue Liability (Details)                  
78: R62         Nature of Operations and Significant Accounting     HTML     68K 
                Policies - Balances and changes in the unearned                  
                revenue liability (Details)                                      
79: R63         Nature of Operations and Significant Accounting     HTML    148K 
                Policies - Liability for Future Policy Benefits                  
                (Details)                                                        
80: R64         Nature of Operations and Significant Accounting     HTML     93K 
                Policies - Retirement and Income Solutions and                   
                Principal Asset Management - Principal                           
                International (Details)                                          
81: R65         Nature of Operations and Significant Accounting     HTML    163K 
                Policies - Balances and changes in LFPB for                      
                Benefits and Protection and Corporate (Details)                  
82: R66         Nature of Operations and Significant Accounting     HTML     82K 
                Policies - Balances and changes in Additional                    
                Liability for Certain Benefit Features (Details)                 
83: R67         Nature of Operations and Significant Accounting     HTML     97K 
                Policies - Market Risk Benefits (Details)                        
84: R68         Nature of Operations and Significant Accounting     HTML     96K 
                Policies - Balances and changes in MRBs (Details)                
85: R69         Nature of Operations and Significant Accounting     HTML     60K 
                Policies - Cash and Cash Equivalents, Investments                
                (Details)                                                        
86: R70         Nature of Operations and Significant Accounting     HTML     63K 
                Policies - Contractholder and Policyholder                       
                Liabilities (Details)                                            
87: R71         Nature of Operations and Significant Accounting     HTML     57K 
                Policies - Other Various Policies (Details)                      
88: R72         Nature of Operations and Significant Accounting     HTML     77K 
                Policies - Pre-tax Impacts To Comprehensive Income               
                (Details)                                                        
89: R73         Related Party Transactions - Additional             HTML    191K 
                Information (Details)                                            
90: R74         Goodwill and Other Intangible Assets - Changes in   HTML     68K 
                Goodwill (Details)                                               
91: R75         Goodwill and Other Intangible Assets -              HTML     85K 
                Finite-Lived Intangible Assets (Details)                         
92: R76         Variable Interest Entities - Consolidated VIEs      HTML     84K 
                (Details)                                                        
93: R77         Variable Interest Entities - Unconsolidated VIEs    HTML     96K 
                (Details)                                                        
94: R78         Investments - Fixed Maturities (Details)            HTML    102K 
95: R79         Investments - Amortization by Expected Maturity     HTML     93K 
                (Details)                                                        
96: R80         Investments - Net Investment Income (Details)       HTML     85K 
97: R81         Investments - Net Realized Capital Gains and        HTML     94K 
                Losses (Details)                                                 
98: R82         Investments - Allowance for Credit Loss (Details)   HTML     87K 
99: R83         Investments - Gross Unrealized Losses for Fixed     HTML    135K 
                Maturities (Details)                                             
100: R84         Investments - Net Unrealized Gains and Losses on    HTML     69K  
                Available-for-Sale Securities and Derivative                     
                Instruments (Details)                                            
101: R85         Investments - Mortgage Loan Credit Monitoring       HTML    125K  
                (Details)                                                        
102: R86         Investments - Financing Receivable, Non-Accrual     HTML    110K  
                and Aging (Details)                                              
103: R87         Investments - Mortgage Loan Valuation Allowance     HTML     81K  
                (Details)                                                        
104: R88         Investments - Mortgage Loans (Details)              HTML    111K  
105: R89         Investments - Mortgage Loan Modifications           HTML     63K  
                (Details)                                                        
106: R90         Investments - Real Estate (Details)                 HTML     59K  
107: R91         Investments - Other Investments (Details)           HTML    122K  
108: R92         Investments - Securities Posted as Collateral       HTML     68K  
                (Details)                                                        
109: R93         Investments - Balance Sheet Offsetting, Assets      HTML     69K  
                (Details)                                                        
110: R94         Investments - Balance Sheet Offsetting,             HTML     64K  
                Liabilities (Details)                                            
111: R95         Derivative Financial Instruments - Notional         HTML    101K  
                Amounts and Credit Exposure (Details)                            
112: R96         Derivative Financial Instruments - Fair Value of    HTML     87K  
                Derivatives (Details)                                            
113: R97         Derivative Financial Instruments - Credit           HTML     78K  
                Derivatives Sold (Details)                                       
114: R98         Derivative Financial Instruments - Fair Value       HTML     95K  
                Hedges (Details)                                                 
115: R99         Derivative Financial Instruments - Cash Flow        HTML     73K  
                Hedges (Details)                                                 
116: R100        Derivative Financial Instruments - Effect of        HTML    107K  
                Hedges on Consolidated Statements of Operations                  
                (Details)                                                        
117: R101        Derivative Financial Instruments - Derivatives Not  HTML     70K  
                Designated as Hedging Instruments (Details)                      
118: R102        Closed Block - Assets and Liabilities (Details)     HTML    118K  
119: R103        Closed Block - Revenues and Expenses (Details)      HTML     85K  
120: R104        Closed Block - Change in Maximum Future Earnings    HTML     61K  
                (Details)                                                        
121: R105        Deferred Acquisition Costs and Other Actuarial      HTML     62K  
                Balances - Additional Information (Details)                      
122: R106        Deferred Acquisition Costs and Other Actuarial      HTML     93K  
                Balances - Disaggregated DAC amounts (Details)                   
123: R107        Deferred Acquisition Costs and Other Actuarial      HTML     86K  
                Balances - Retirement and Income Solutions -                     
                Balances and changes in DAC (Details)                            
124: R108        Deferred Acquisition Costs and Other Actuarial      HTML     85K  
                Balances - Benefits and Protection - Balances and                
                changes in DAC (Details)                                         
125: R109        Deferred Acquisition Costs and Other Actuarial      HTML     63K  
                Balances - Unearned Revenue Liability (Details)                  
126: R110        Deferred Acquisition Costs and Other Actuarial      HTML     71K  
                Balances - Unearned Revenue Liability Balances and               
                Changes (Details)                                                
127: R111        Separate Account Balances (Details)                 HTML     57K  
128: R112        Separate Account Balances - Separate Account Asset  HTML     89K  
                (Details)                                                        
129: R113        Separate Account Balances - Separate Account        HTML     70K  
                Liabilities (Details)                                            
130: R114        Separate Account Balances - Retirement and Income   HTML     84K  
                Solutions (Details)                                              
131: R115        Separate Account Balances - Benefits and            HTML     77K  
                Protection (Details)                                             
132: R116        Contractholder Funds (Details)                      HTML     80K  
133: R117        Contractholder Funds - GICs and Funding Agreements  HTML     76K  
                (Details)                                                        
134: R118        Contractholder Funds - Changes in Policyholder      HTML    107K  
                Account Balances (Details)                                       
135: R119        Contractholder Funds - Guaranteed Minimum Interest  HTML    249K  
                Rate (Details)                                                   
136: R120        Future Policy Benefits and Claims - Disaggregated   HTML     99K  
                Amounts Included in Future Policy Benefits and                   
                Claims (Details)                                                 
137: R121        Future Policy Benefits and Claims - Liability for   HTML     83K  
                Unpaid Claims (Details)                                          
138: R122        Future Policy Benefits and Claims - Claims          HTML    151K  
                Development Tables (Details)                                     
139: R123        Future Policy Benefits and Claims - Reconciliation  HTML     87K  
                of Unpaid Claims to Liability for Unpaid Claims                  
                Table (Details)                                                  
140: R124        Future Policy Benefits and Claims - Claim Duration  HTML     83K  
                and Payout Table (Details)                                       
141: R125        Future Policy Benefits and Claims - Discounting     HTML     79K  
                Table (Details)                                                  
142: R126        Future Policy Benefits and Claims - Gross Premiums  HTML     86K  
                or Assessments and Interest Accretion (Details)                  
143: R127        Future Policy Benefits and Claims - Corporate       HTML    125K  
                (Details)                                                        
144: R128        Future Policy Benefits and Claims - Expected        HTML     81K  
                Future Gross Premiums and Benefit Payments                       
                (Details)                                                        
145: R129        Future Policy Benefits and Claims - Retirement and  HTML    108K  
                Income Solutions (Details)                                       
146: R130        Future Policy Benefits and Claims - Benefits and    HTML    165K  
                Protection (Details)                                             
147: R131        Future Policy Benefits and Claims - Additional      HTML     94K  
                Liability for Certain Benefit Features (Details)                 
148: R132        Future Policy Benefits and Claims - Interest        HTML     80K  
                Accretion and Current Discount Rates (Details)                   
149: R133        Market Risk Benefits - Asset and Liability          HTML     70K  
                Position and Reconciliation (Details)                            
150: R134        Market Risk Benefits - Net Asset (Liability)        HTML    101K  
                Balances and Changes in Valuation of the MRBs for                
                Individual Variable Annuities (Details)                          
151: R135        Market Risk Benefits - Unobservable Inputs for      HTML     81K  
                Fair Value Measurement (Details)                                 
152: R136        Reinsurance (Details)                               HTML     73K  
153: R137        Reinsurance - Effects Of Reinsurance (Details)      HTML     89K  
154: R138        Reinsurance - Cost of Reinsurance (Details)         HTML     60K  
155: R139        Reinsurance - Funds Withheld (Details)              HTML     83K  
156: R140        Reinsurance - Components of Net Investment Income   HTML     76K  
                on Funds Withheld Assets (Details)                               
157: R141        Reinsurance - Components of Net Realized Capital    HTML     72K  
                Gains (Losses) on Funds Withheld Assets (Details)                
158: R142        Debt - Short-Term Debt (Details)                    HTML     66K  
159: R143        Debt - Components of Long-Term Debt (Details)       HTML     77K  
160: R144        Debt - Non-Recourse Mortgages and Notes Payable     HTML     75K  
                (Details)                                                        
161: R145        Debt - Future Maturities of Long-Term Debt          HTML     73K  
                (Details)                                                        
162: R146        Income Taxes - Income Tax Expense and Income        HTML     83K  
                Before Income Taxes (Details)                                    
163: R147        Income Taxes - Effective Income Tax Rate (Details)  HTML     85K  
164: R148        Income Taxes - Unrecognized Tax Benefits (Details)  HTML     65K  
165: R149        Income Taxes - Deferred Income Taxes and Other      HTML    118K  
                (Details)                                                        
166: R150        Employee and Agent Benefits - Plan Information      HTML     59K  
                (Details)                                                        
167: R151        Employee and Agent Benefits - Benefit Obligation    HTML    102K  
                and Funded Status (Details)                                      
168: R152        Employee and Agent Benefits - Net Periodic Benefit  HTML     91K  
                Cost (Details)                                                   
169: R153        Employee and Agent Benefits - Weighted Average      HTML     74K  
                Assumptions (Details)                                            
170: R154        Employee and Agent Benefits - Fair Value of Plan    HTML     77K  
                Assets (Details)                                                 
171: R155        Employee and Agent Benefits - Target Plan Asset     HTML     64K  
                Allocation (Details)                                             
172: R156        Employee and Agent Benefits - Contributions and     HTML     69K  
                Estimated Future Benefit Payments (Details)                      
173: R157        Contingencies, Guarantees, Indemnifications and     HTML     65K  
                Leases - Guarantees and Indemnifications (Details)               
174: R158        Contingencies, Guarantees, Indemnifications and     HTML    165K  
                Leases - Leases (Details)                                        
175: R159        Stockholder's Equity - Other Comprehensive Income   HTML    132K  
                (Loss) (Details)                                                 
176: R160        Stockholder's Equity - AOCI and Noncontrolling      HTML    115K  
                Interest (Details)                                               
177: R161        Stockholder's Equity - Dividend Limitations         HTML     59K  
                (Details)                                                        
178: R162        Fair Value Measurements - Assets and Liabilities    HTML    171K  
                Measured at Fair Value on Recurring Basis                        
                (Details)                                                        
179: R163        Fair Value Measurements - Changes in Level 3 Fair   HTML    221K  
                Value Measurements (Details)                                     
180: R164        Fair Value Measurements - Transfers (Details)       HTML     83K  
181: R165        Fair Value Measurements - Quantitative Information  HTML    193K  
                for Level 3 Measurements (Details)                               
182: R166        Fair Value Measurements - Fair Value Option on      HTML     71K  
                Consolidated VIEs (Details)                                      
183: R167        Fair Value Measurements - Financial Instruments     HTML     97K  
                Not Reported at Fair Value (Details)                             
184: R168        Statutory Insurance Financial Information           HTML     66K  
                (Details)                                                        
185: R169        Segment Information - Reconciliation of Segment     HTML     71K  
                Assets to Consolidated (Details)                                 
186: R170        Segment Information - Reconciliation of Segment     HTML    105K  
                Operating Revenues and Earnings to Consolidated                  
                (Details)                                                        
187: R171        Segment Information - Revenues from exited          HTML     71K  
                business (Details)                                               
188: R172        Segment Information - Pre-tax net Realized Capital  HTML     85K  
                Gains (Losses) (Details)                                         
189: R173        Segment Information - Pre-tax income (Loss) From    HTML     75K  
                Exited Business (Details)                                        
190: R174        Segment Information - Income Tax Expense by         HTML     76K  
                Segment (Details)                                                
191: R175        Segment Information - Depreciation and              HTML     69K  
                Amortization Expense by Segment (Details)                        
192: R176        Revenues from Contracts with Customers -            HTML     90K  
                Disaggregation by Segment (Details)                              
193: R177        Revenues from Contracts with Customers -            HTML    114K  
                Disaggregation within Segments (Details)                         
194: R178        Revenues from Contracts with Customers - Contract   HTML     64K  
                Costs (Details)                                                  
195: R179        Stock-Based Compensation Plans - Stock-Based        HTML     76K  
                Awards (Details)                                                 
196: R180        Stock-Based Compensation Plans - Nonqualified       HTML     88K  
                Stock Options, Assumptions and Other Disclosures                 
                (Details)                                                        
197: R181        Stock-Based Compensation Plans - Performance Share  HTML     87K  
                Awards and Restricted Stock Units (Details)                      
198: R182        Stock-Based Compensation Plans - Employee Stock     HTML     70K  
                Purchase Plan (Details)                                          
199: R183        Stock-Based Compensation Plans - Nonqualified       HTML     73K  
                Stock Options, Activity (Details)                                
200: R184        Schedule I - Summary of Investments - Other Than    HTML    115K  
                Investments in Related Parties (Details)                         
201: R185        Schedule III - Supplementary Insurance Information  HTML    110K  
                (Details)                                                        
202: R186        Schedule IV - Reinsurance (Details)                 HTML     90K  
13: XML         IDEA XML File -- Filing Summary                      XML    401K 
16: XML         XBRL Instance -- plic-20231231xs1a_htm               XML  26.65M 
12: EXCEL       IDEA Workbook of Financial Report Info              XLSX    587K 
 8: EX-101.CAL  XBRL Calculations -- plic-20231231_cal               XML    675K 
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10: EX-101.LAB  XBRL Labels -- plic-20231231_lab                     XML   4.49M 
11: EX-101.PRE  XBRL Presentations -- plic-20231231_pre              XML   3.96M 
 7: EX-101.SCH  XBRL Schema -- plic-20231231                         XSD    665K 
14: JSON        XBRL Instance as JSON Data -- MetaLinks            1,262±  2.15M 
15: ZIP         XBRL Zipped Folder -- 0001104659-24-052076-xbrl      Zip   2.20M

‘EX-101.LAB’   —   XBRL Labels — plic-20231231_lab

This Exhibit is an XBRL File.

                                                                                                                                                                                
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<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity Registrant Name </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity Filer Category </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity Small Business </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity Emerging Growth Company </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity Central Index Key </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amendment Flag </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Statements of Financial Position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statement [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statement [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statement </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Excluding Accrued Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value, fixed maturities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value, fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TradingSecuritiesDebt" xlink:label="us-gaap_TradingSecuritiesDebt" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradingSecuritiesDebt" xlink:to="us-gaap_TradingSecuritiesDebt_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TradingSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Trading Securities, Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TradingSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, trading </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_TradingSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, trading (2023 and 2022 include $45.2 million and $0.0 million related to consolidated variable interest entities) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent" xlink:label="us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent" xlink:to="us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Securities, FV-NI </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xlink:label="us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xlink:to="us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage Loans on Real Estate, Commercial and Consumer, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans (2023 and 2022 include $871.9 million and $1,179.7 million related to consolidated variable interest entities) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateInvestments" xlink:label="us-gaap_RealEstateInvestments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestments" xlink:to="us-gaap_RealEstateInvestments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate Investments, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate (2023 and 2022 include $779.1 million and $649.0 million related to consolidated variable interest entities) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LoansInsurancePolicy" xlink:label="us-gaap_LoansInsurancePolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansInsurancePolicy" xlink:to="us-gaap_LoansInsurancePolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansInsurancePolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loans, Gross, Insurance Policy </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansInsurancePolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policy loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherInvestments" xlink:label="us-gaap_OtherInvestments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInvestments" xlink:to="us-gaap_OtherInvestments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Investments, as Defined </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments (2023 and 2022 include $182.1 million and $18.6 million related to consolidated variable interest entities and $163.2 million and $0.0 million measured at fair value under the fair value option) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Investments" xlink:label="us-gaap_Investments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Investments" xlink:to="us-gaap_Investments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Investments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Investments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalents, at Carrying Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents (2023 and 2022 include $64.9 million and $14.2 million related to consolidated variable interest entities) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedInvestmentIncomeReceivable" xlink:label="us-gaap_AccruedInvestmentIncomeReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedInvestmentIncomeReceivable" xlink:to="us-gaap_AccruedInvestmentIncomeReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedInvestmentIncomeReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accrued Investment Income Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccruedInvestmentIncomeReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accrued investment income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceRecoverableAndDepositReceivable" xlink:label="plic_ReinsuranceRecoverableAndDepositReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceRecoverableAndDepositReceivable" xlink:to="plic_ReinsuranceRecoverableAndDepositReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceRecoverableAndDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount expected to be recovered from reinsurers for reinsurance agreements for which we use the reinsurance method of accounting and the unaccreted deposit balance for reinsurance agreements for which we use the deposit method of accounting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceRecoverableAndDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverable And Deposit Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReinsuranceRecoverableAndDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverable and deposit receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PremiumsAndOtherReceivablesNet" xlink:label="us-gaap_PremiumsAndOtherReceivablesNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PremiumsAndOtherReceivablesNet" xlink:to="us-gaap_PremiumsAndOtherReceivablesNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PremiumsAndOtherReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and Other Receivables, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PremiumsAndOtherReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums due and other receivables </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredPolicyAcquisitionCosts" xlink:label="us-gaap_DeferredPolicyAcquisitionCosts" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredPolicyAcquisitionCosts" xlink:to="us-gaap_DeferredPolicyAcquisitionCosts_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredPolicyAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, Deferred acquisition costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, Deferred acquisition costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred acquisition costs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitAssetAmount" xlink:label="us-gaap_MarketRiskBenefitAssetAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitAssetAmount" xlink:to="us-gaap_MarketRiskBenefitAssetAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitAssetAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Asset, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitAssetAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit asset </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization" xlink:label="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization" xlink:to="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Property and equipment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, Goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, Goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Intangible Assets, Net (Excluding Goodwill) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other intangibles </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountAssets" xlink:label="us-gaap_SeparateAccountAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountAssets" xlink:to="us-gaap_SeparateAccountAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SeparateAccountAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset carrying value </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractholderFunds" xlink:label="plic_ContractholderFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractholderFunds" xlink:to="plic_ContractholderFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder funds include policyholder account balances related to contracts with significant insurance risk and investment contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder Funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_ContractholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total contract holder funds per consolidated statements of financial position </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_ContractholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future policy benefits and claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future policy benefits and claims per consolidated statements of financial position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitLiabilityAmount" xlink:label="us-gaap_MarketRiskBenefitLiabilityAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitLiabilityAmount" xlink:to="us-gaap_MarketRiskBenefitLiabilityAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitLiabilityAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Liability, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitLiabilityAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit liability </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherPolicyholderFunds" xlink:label="us-gaap_OtherPolicyholderFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherPolicyholderFunds" xlink:to="us-gaap_OtherPolicyholderFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Policyholder Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other policyholder funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term debt carrying amount </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:to="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Income Tax Liabilities, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net deferred income tax liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred income taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountsLiability" xlink:label="us-gaap_SeparateAccountsLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountsLiability" xlink:to="us-gaap_SeparateAccountsLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Accounts, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SeparateAccountsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SeparateAccountsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SeparateAccountsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FundsHeldUnderReinsuranceAgreementsLiability" xlink:label="us-gaap_FundsHeldUnderReinsuranceAgreementsLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FundsHeldUnderReinsuranceAgreementsLiability" xlink:to="us-gaap_FundsHeldUnderReinsuranceAgreementsLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FundsHeldUnderReinsuranceAgreementsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FundsHeldUnderReinsuranceAgreementsLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds withheld payable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilities" xlink:label="us-gaap_OtherLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other liabilities (2023 and 2022 include $83.9 million and $83.8 million related to consolidated variable interest entities) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholder's equity </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common Stock, Value, Issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock, par value $1.00 per share; 5,000,000 shares authorized; 2,500,000 shares issued and outstanding (wholly owned indirectly by Principal Financial Group, Inc.) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Paid in Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional paid-in capital </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained Earnings (Accumulated Deficit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) Retained earnings, After-Tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated Other Comprehensive Income (Loss), Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated other comprehensive loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) Accumulated other comprehensive income, After-Tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholders' Equity Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total stockholder's equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total stockholder's equity attributable to Principal Life Insurance Company </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterest" xlink:label="us-gaap_MinorityInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterest" xlink:to="us-gaap_MinorityInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholders' Equity Attributable to Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total stockholders' equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total stockholder's equity </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities and Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total liabilities and stockholder's equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total liabilities and stockholder's equity </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="srt_ConsolidatedEntitiesAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Entities [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="srt_ConsolidatedEntitiesDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesDomain" xlink:to="srt_ConsolidatedEntitiesDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Entities [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:to="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate consolidated variable interest entities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> VIE </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherInvestmentsFairValueOption" xlink:label="plic_OtherInvestmentsFairValueOption" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherInvestmentsFairValueOption" xlink:to="plic_OtherInvestmentsFairValueOption_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherInvestmentsFairValueOption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The balance represents the amount of commercial mortgage loans of consolidated variable interest entities reported as part of other investments for which the fair value option has been elected and an equity method investment for which the fair value option has been elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherInvestmentsFairValueOption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Investments Fair Value Option </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherInvestmentsFairValueOption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments measured at fair value under fair value option </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common Stock, Par or Stated Value Per Share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock, par value (in dollars per share) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common Stock, Shares Authorized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock, authorized (in shares) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common Stock, Shares, Issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock, issued (in shares) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common Stock, Shares, Outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock, outstanding (in shares) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Statements of Operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PremiumsEarnedNet" xlink:label="us-gaap_PremiumsEarnedNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PremiumsEarnedNet" xlink:to="us-gaap_PremiumsEarnedNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PremiumsEarnedNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums Earned, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PremiumsEarnedNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and other considerations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PremiumsEarnedNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net premiums and other considerations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PremiumsEarnedNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums net amount </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions" xlink:label="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions" xlink:to="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of fees and commissions related to financial service activities including, but not limited to, investment advisory and asset management services, recordkeeping and reporting services, administrative activities and sales of insurance and related services. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Advisory, Asset Management and Insurance Fees and Commissions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fees and other revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total fees and other revenues per consolidated statements of operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total fees and other revenues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetInvestmentIncome" xlink:label="us-gaap_NetInvestmentIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetInvestmentIncome" xlink:to="us-gaap_NetInvestmentIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Investment Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net investment income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net investment income (loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net investment income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnInvestments" xlink:label="us-gaap_GainLossOnInvestments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnInvestments" xlink:to="us-gaap_GainLossOnInvestments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (Loss) on Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital (gains) losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossOnInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GainLossOnFundsWithheldAssets" xlink:label="plic_GainLossOnFundsWithheldAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GainLossOnFundsWithheldAssets" xlink:to="plic_GainLossOnFundsWithheldAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GainLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of realized capital gains (losses) on funds withheld assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GainLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain Loss On Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_GainLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital losses on funds withheld assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GainLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains on funds withheld assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative" xlink:to="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of change in fair value of funds withheld embedded derivative. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change In Fair Value Of Funds Withheld Embedded Derivative </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in fair value of funds withheld embedded derivative </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in fair value of funds withheld embedded derivative </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BenefitsLossesAndExpensesAbstract" xlink:label="us-gaap_BenefitsLossesAndExpensesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BenefitsLossesAndExpensesAbstract" xlink:to="us-gaap_BenefitsLossesAndExpensesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BenefitsLossesAndExpensesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, Losses and Expenses [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BenefitsLossesAndExpensesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:to="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Benefits and Claims Incurred, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net benefits, claims and settlement expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Remeasurement Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits remeasurement (gain) loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefit remeasurement (gain) loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net liability for future policy benefits remeasurement (gain) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitChangeInFairValueGainLoss" xlink:label="us-gaap_MarketRiskBenefitChangeInFairValueGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitChangeInFairValueGainLoss" xlink:to="us-gaap_MarketRiskBenefitChangeInFairValueGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitChangeInFairValueGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Change in Fair Value, Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitChangeInFairValueGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit remeasurement loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_MarketRiskBenefitChangeInFairValueGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit remeasurement (gain) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderDividends" xlink:label="us-gaap_PolicyholderDividends" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderDividends" xlink:to="us-gaap_PolicyholderDividends_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderDividends_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Dividends, Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderDividends_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividends to policyholders </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization" xlink:label="plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization" xlink:to="plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses other than those for payments of benefits, claims and policyholder dividends that are incurred related to the operations of the company. Includes commission expense, capitalization of deferred acquisitions costs ("DAC"), amortization of DAC, depreciation and amortization expense, interest expense on corporate debt, compensation costs and other general and administrative expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Expenses Including Deferred Acquisition Costs Capitalization and Amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BenefitsLossesAndExpenses" xlink:label="us-gaap_BenefitsLossesAndExpenses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BenefitsLossesAndExpenses" xlink:to="us-gaap_BenefitsLossesAndExpenses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BenefitsLossesAndExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, Losses and Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_BenefitsLossesAndExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total expenses </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncomeLossFromContinuingOperationsBeforeIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income (Loss) from Continuing Operations before Income Taxes </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income taxes (benefits) </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Income (Loss), Including Portion Attributable to Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Income (Loss) Attributable to Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net income attributable to noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Income (Loss) Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net income attributable to Principal Life Insurance Company </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Statements of Comprehensive Income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), Net of Tax [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss), net: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax" xlink:label="plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax" xlink:to="plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains/losses on fixed maturities and equity securities available-for-sale net of adjustments related to cost of reinsurance and changes in policyholder benefits and claims and applicable income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income Available for Sale Securities Period Increase Decrease Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on available-for-sale securities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax" xlink:label="plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax" xlink:to="plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains/losses on derivative instruments designated and qualifying as the effective portion of cash flow hedges net of adjustments related to cost of reinsurance and changes in policyholder benefits and claims and applicable income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income Derivatives Period Increase (Decrease), Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on derivative instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax" xlink:label="us-gaap_OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax" xlink:to="us-gaap_OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> OCI, Liability for Future Policy Benefit, Gain (Loss), after Reclassification Adjustment and Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits discount rate remeasurement gain (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax" xlink:label="us-gaap_OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax" xlink:to="us-gaap_OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> OCI, Market Risk Benefit, Instrument-Specific Credit Risk, Gain (Loss), after Adjustments and Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit nonperformance risk gain (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrecognized postretirement benefit obligation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive income attributable to noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive Income (Loss), Net of Tax, Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive income (loss) attributable to Principal Life Insurance Company </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Statements of Stockholder's Equity </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:to="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for New Accounting Pronouncements [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accounting Standards Update [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="us-gaap_TypeOfAdoptionMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfAdoptionMember" xlink:to="us-gaap_TypeOfAdoptionMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Type of Adoption [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accounting Standards Update [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingStandardsUpdate201812Member" xlink:label="us-gaap_AccountingStandardsUpdate201812Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingStandardsUpdate201812Member" xlink:to="us-gaap_AccountingStandardsUpdate201812Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingStandardsUpdate201812Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> ASU 2018-12 - Targeted improvements to the accounting for long-duration insurance contracts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountingStandardsUpdate201812Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> ASU 2018-12 - Targeted improvements to the accounting for long-duration insurance contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Components [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityComponentDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Component [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stock </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional paid-in capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional paid-in capital </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained earnings (deficit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained earnings </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated other comprehensive income (loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated other comprehensive income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestMember" xlink:to="us-gaap_NoncontrollingInterestMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Noncontrolling interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:to="srt_CumulativeEffectPeriodOfAdoptionAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative Effect, Period of Adoption [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative Effect, Period of Adoption [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:label="srt_CumulativeEffectPeriodOfAdoptionDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:to="srt_CumulativeEffectPeriodOfAdoptionDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CumulativeEffectPeriodOfAdoptionDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative Effect, Period of Adoption [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_CumulativeEffectPeriodOfAdoptionDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative Effect, Period of Adoption [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:to="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative Effect, Period of Adoption, Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effects of implementation of accounting change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative effect adjustment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Stockholders' Equity [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (decrease) in stockholders' equity </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent" xlink:label="plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent" xlink:to="plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in additional paid in capital (APIC) resulting from capital distributions to Parent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments To Additional Paid In Capital, Capital Distributions To Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_AdjustmentsToAdditionalPaidInCapitalCapitalDistributionsToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capital distributions to parent </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StockBasedCompensation" xlink:label="plic_StockBasedCompensation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StockBasedCompensation" xlink:to="plic_StockBasedCompensation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StockBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The adjustments to additional paid-in capital during the period associated with equity-based awards as a result of any share-based compensation plan other than an employee stock ownership plan (ESOP). This item also includes the impact of common stock dividend equivalents earned on certain unvested equity-based awards, which are charged to retained earnings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StockBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StockBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-based compensation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsCommonStock" xlink:label="us-gaap_DividendsCommonStock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsCommonStock" xlink:to="us-gaap_DividendsCommonStock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsCommonStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividends, Common Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DividendsCommonStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividends to parent </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Distributions to noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest" xlink:label="plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest" xlink:to="plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents an increase in noncontrolling interest from issuance of additional equity interests or a business combination that occurred during the period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Minority Interest Increase from Contributions from Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contributions from noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:to="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Purchase of subsidiary shares from noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss" xlink:label="plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss" xlink:to="plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase to accumulated other comprehensive income (loss) for reinsurance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments For Reinsurance To Accumulated Other Comprehensive Income Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for reinsurance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship" xlink:label="plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship" xlink:to="plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of net liabilities transferred to affiliate due to change in benefit plan sponsorship. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Liabilities Transferred to Affiliate Due to Change in Benefit Plan Sponsorship </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetLiabilitiesTransferredToAffiliateDueToChangeInBenefitPlanSponsorship_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net liabilities transferred to affiliate due to change in benefit plan sponsorship </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest" xlink:to="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest" xlink:label="plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest" xlink:to="plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net of tax amount of other comprehensive income (loss) attributable to both parent entity and nonredeemable noncontrolling interest but excluding the portion attributable to redeemable noncontrolling interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), Net of Tax, Excluding Redeemable Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Statements of Cash Flows </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Cash Provided by (Used in) Operating Activities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments to reconcile net income to net cash provided by operating activities: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAmortizationAndAccretionNet" xlink:label="us-gaap_DepreciationAmortizationAndAccretionNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAmortizationAndAccretionNet" xlink:to="us-gaap_DepreciationAmortizationAndAccretionNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAmortizationAndAccretionNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Depreciation, Amortization and Accretion, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepreciationAmortizationAndAccretionNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Depreciation and amortization expense </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense" xlink:to="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of amortization expense (reversal of expense) for deferred policy acquisition costs and capitalized cost incurred to obtain or fulfill contract with customer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Cost and Capitalized Contract Cost, Amortization Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of deferred acquisition costs and contract costs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions" xlink:to="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The increase in deferred acquisition costs and contract costs due to costs capitalized during the income statement period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for Additions to Deferred Policy Acquisition Cost and Capitalized Contract Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additions to deferred acquisition costs and contract costs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AmortizationOfReinsuranceGainLoss" xlink:label="plic_AmortizationOfReinsuranceGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AmortizationOfReinsuranceGainLoss" xlink:to="plic_AmortizationOfReinsuranceGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AmortizationOfReinsuranceGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents information pertaining to amortization of reinsurance gain (loss). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AmortizationOfReinsuranceGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization Of Reinsurance Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_AmortizationOfReinsuranceGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of reinsurance loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AmortizationOfReinsuranceGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of reinsurance loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-based compensation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income (Loss) from Equity Method Investments, Net of Dividends or Distributions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income from equity method investments, net of dividends received </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Operating Capital [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Accrued Investment Income Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accrued investment income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent" xlink:label="plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent" xlink:to="plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of cash inflow (outflow) from sales and purchases of trading securities and equity securities with operating intent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from (Payments for) Trading Securities and Equity Securities with Operating Intent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_ProceedsFromPaymentsForTradingSecuritiesAndEquitySecuritiesWithOperatingIntent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net cash flows for trading securities and equity securities with operating intent </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInReceivables" xlink:label="us-gaap_IncreaseDecreaseInReceivables" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInReceivables" xlink:to="us-gaap_IncreaseDecreaseInReceivables_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInReceivables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInReceivables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums due and other receivables </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInInsuranceLiabilities" xlink:label="us-gaap_IncreaseDecreaseInInsuranceLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInsuranceLiabilities" xlink:to="us-gaap_IncreaseDecreaseInInsuranceLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInInsuranceLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Insurance Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInInsuranceLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder and policyholder liabilities and dividends </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxes" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInIncomeTaxes_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current and deferred income taxes (benefits) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireHeldForSaleRealEstate" xlink:label="us-gaap_PaymentsToAcquireHeldForSaleRealEstate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireHeldForSaleRealEstate" xlink:to="us-gaap_PaymentsToAcquireHeldForSaleRealEstate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireHeldForSaleRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments to Acquire Held-for-sale Real Estate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireHeldForSaleRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate acquired through operating activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans" xlink:label="us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans" xlink:to="us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate sold through operating activities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable" xlink:label="plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable" xlink:to="plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The increase (decrease) during the reporting period in funds withheld, net of reinsurance recoverable and deposit receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Funds Withheld, Net of Reinsurance Recoverable and Deposit Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_IncreaseDecreaseInFundsWithheldNetOfReinsuranceRecoverableAndDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds withheld, net of reinsurance recoverable and deposit receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Other Operating Assets and Liabilities, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other assets and liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement" xlink:label="us-gaap_OtherOperatingActivitiesCashFlowStatement" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherOperatingActivitiesCashFlowStatement" xlink:to="us-gaap_OtherOperatingActivitiesCashFlowStatement_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherOperatingActivitiesCashFlowStatement_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Operating Activities, Cash Flow Statement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherOperatingActivitiesCashFlowStatement_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net adjustments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Cash Provided by (Used in) Operating Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net cash provided by operating activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Cash Provided by (Used in) Investing Activities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investing activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireMarketableSecurities" xlink:to="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments to Acquire Marketable Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities available-for-sale and equity securities with intent to hold: Purchases </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi" xlink:label="plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi" xlink:to="plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of cash inflow from sale of investment in debt securities measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and equity securities held for investment purposes and measured at fair value with change in fair value recognized in net income (FV-NI). Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from Sale of Debt Securities, Available-for-Sale, and Equity Securities, FV-NI </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities available-for-sale and equity securities with intent to hold: Sales </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi" xlink:label="plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi" xlink:to="plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of cash inflow from maturity, prepayment and call of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and equity securities held for investment purposes and measured at fair value with change in fair value recognized in net income (FV-NI). Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from Maturities, Repayments and Calls of Debt Securities, Available-for-Sale and Equity Securities, FV-NI </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities available-for-sale and equity securities with intent to hold: Maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireMortgageNotesReceivable" xlink:label="us-gaap_PaymentsToAcquireMortgageNotesReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireMortgageNotesReceivable" xlink:to="us-gaap_PaymentsToAcquireMortgageNotesReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireMortgageNotesReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments to Acquire Mortgage Notes Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireMortgageNotesReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans acquired or originated </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xlink:label="us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xlink:to="us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from Sale and Collection of Mortgage Notes Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans sold or repaid </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireRealEstateHeldForInvestment" xlink:label="us-gaap_PaymentsToAcquireRealEstateHeldForInvestment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstateHeldForInvestment" xlink:to="us-gaap_PaymentsToAcquireRealEstateHeldForInvestment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireRealEstateHeldForInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments to Acquire Real Estate Held-for-investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireRealEstateHeldForInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate acquired </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from Sale of Real Estate Held-for-investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate sold </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PaymentsToAcquirePropertyPlantAndEquipmentNet" xlink:label="plic_PaymentsToAcquirePropertyPlantAndEquipmentNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PaymentsToAcquirePropertyPlantAndEquipmentNet" xlink:to="plic_PaymentsToAcquirePropertyPlantAndEquipmentNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PaymentsToAcquirePropertyPlantAndEquipmentNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The net cash inflow/outflow associated with the acquisition, sales and disposals of property, plant and equipment, and other productive assets, including intangible assets for software. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PaymentsToAcquirePropertyPlantAndEquipmentNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments to Acquire Property, Plant, and Equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_PaymentsToAcquirePropertyPlantAndEquipmentNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net purchases of property and equipment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:to="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments for (Proceeds from) Other Investing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net change in other investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Cash Provided by (Used in) Investing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net cash used in investing activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Cash Provided by (Used in) Financing Activities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForDerivativeInstrumentFinancingActivities" xlink:label="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities" xlink:to="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments for Derivative Instrument, Financing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments for financing element derivatives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="us-gaap_PaymentsToMinorityShareholders" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToMinorityShareholders" xlink:to="us-gaap_PaymentsToMinorityShareholders_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments to Noncontrolling Interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Purchase of subsidiary shares from noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="us-gaap_PaymentsOfDividendsCommonStock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividendsCommonStock" xlink:to="us-gaap_PaymentsOfDividendsCommonStock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments of Ordinary Dividends, Common Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividends paid to parent </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfCapitalDistribution" xlink:label="us-gaap_PaymentsOfCapitalDistribution" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfCapitalDistribution" xlink:to="us-gaap_PaymentsOfCapitalDistribution_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfCapitalDistribution_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments of Capital Distribution </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfCapitalDistribution_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Distributions to parent </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from Issuance of Long-term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Issuance of long-term debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="us-gaap_RepaymentsOfLongTermDebt" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Repayments of Long-term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal repayments of long-term debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionsToContractHoldersFunds" xlink:label="us-gaap_AdditionsToContractHoldersFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionsToContractHoldersFunds" xlink:to="us-gaap_AdditionsToContractHoldersFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionsToContractHoldersFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additions to Contract Holders Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionsToContractHoldersFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment contract deposits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WithdrawalFromContractHoldersFunds" xlink:label="us-gaap_WithdrawalFromContractHoldersFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WithdrawalFromContractHoldersFunds" xlink:to="us-gaap_WithdrawalFromContractHoldersFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WithdrawalFromContractHoldersFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Withdrawal from Contract Holders Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_WithdrawalFromContractHoldersFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment contract withdrawals </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDeposits" xlink:label="us-gaap_IncreaseDecreaseInDeposits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeposits" xlink:to="us-gaap_IncreaseDecreaseInDeposits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInDeposits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) in Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInDeposits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net increase (decrease) in banking operation deposits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:to="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from (Payments for) Other Financing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Cash Provided by (Used in) Financing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net cash provided by (used in) financing activities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net increase (decrease) in cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents at beginning of period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplemental Cash Flow Information [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplemental information: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest Paid, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash paid for interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Taxes Paid, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash paid for income taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplemental disclosure of non-cash activities: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract" xlink:label="plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract" xlink:to="plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Changes Resulting from Deconsolidation of Residential Whole Loan Securitizations [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AssetChangesResultingFromDeconsolidationOfResidentialWholeLoanSecuritizationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset changes resulting from deconsolidation of residential whole loan securitizations: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DecreaseInMortgageLoans" xlink:label="plic_DecreaseInMortgageLoans" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DecreaseInMortgageLoans" xlink:to="plic_DecreaseInMortgageLoans_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DecreaseInMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in mortgage loans related to deconsolidation of residential whole loan securitizations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DecreaseInMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Decrease in Mortgage Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DecreaseInMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Decrease in mortgage loans </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncreaseInFixedMaturitiesAvailableForSale" xlink:label="plic_IncreaseInFixedMaturitiesAvailableForSale" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncreaseInFixedMaturitiesAvailableForSale" xlink:to="plic_IncreaseInFixedMaturitiesAvailableForSale_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncreaseInFixedMaturitiesAvailableForSale_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase in fixed maturities, available-for-sale related to deconsolidation of residential whole loan securitizations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncreaseInFixedMaturitiesAvailableForSale_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase in Fixed Maturities, Available-for-sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_IncreaseInFixedMaturitiesAvailableForSale_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase in fixed maturities, available-for-sale </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncreaseInFixedMaturitiesTrading" xlink:label="plic_IncreaseInFixedMaturitiesTrading" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncreaseInFixedMaturitiesTrading" xlink:to="plic_IncreaseInFixedMaturitiesTrading_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncreaseInFixedMaturitiesTrading_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase in fixed maturities, trading related to deconsolidation of residential whole loan securitizations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncreaseInFixedMaturitiesTrading_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase In Fixed Maturities, Trading </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_IncreaseInFixedMaturitiesTrading_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase in fixed maturities, trading </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AssetsTransferredInKindForReinsuranceAmount" xlink:label="plic_AssetsTransferredInKindForReinsuranceAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AssetsTransferredInKindForReinsuranceAmount" xlink:to="plic_AssetsTransferredInKindForReinsuranceAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AssetsTransferredInKindForReinsuranceAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of assets transferred in kind in for settlement to a reinsurer in a non-cash transaction. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AssetsTransferredInKindForReinsuranceAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Transferred In Kind For Reinsurance, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AssetsTransferredInKindForReinsuranceAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets transferred in kind for settlement to reinsurer </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract" xlink:label="plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract" xlink:to="plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> N/A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes From Re-Designation Of Other Postretirement Employee Benefits Plan Assets to Cover Non Retiree Benefits Abstract </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ChangesFromReDesignationOfOtherPostretirementEmployeeBenefitsPlanAssetsToCoverNonRetireeBenefitsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes from re-designation of other postretirement employee benefits ("OPEB") plan assets to cover non-retiree benefits: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus" xlink:label="plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus" xlink:to="plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase in equity securities related to re-designation from funded status to cover non-retiree benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Increase In Equity Securities Redesignation From Funded Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanIncreaseInEquitySecuritiesRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increases in equity securities re-designated from funded status of OPEB plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus" xlink:label="plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus" xlink:to="plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase in other investment related to re-designation from funded status to cover non-retiree benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Increase In Other Investment Redesignation From Funded Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanIncreaseInOtherInvestmentRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increases in other investments re-designated from funded status of OPEB plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus" xlink:label="plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus" xlink:to="plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in tax receivable related to re-designation from funded status to cover non-retiree benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Decrease In Tax Receivable Redesignation From Funded Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanDecreaseInTaxReceivableRedesignationFromFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Decrease in tax receivable re-designated from funded status of OPEB plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus" xlink:to="plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in other comprehensive income due to reclassifying excess assets out of funded status to cover non-retiree benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan Decrease In Other Comprehensive Income Loss Due To Reclassification Of Excess Assets Out Of Funded Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherComprehensiveIncomeLossDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Decrease in accumulated other comprehensive income ("AOCI") due to reclassifying excess assets out of funded status of OPEB plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus" xlink:to="plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in other assets due to reclassifying excess assets out of funded status. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Decrease In Other Assets Due To Reclassification Of Excess Assets Out Of Funded Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DefinedBenefitPlanDecreaseInOtherAssetsDueToReclassificationOfExcessAssetsOutOfFundedStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Decrease in other assets due to reclassifying excess assets out of funded status of OPEB plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions" xlink:label="plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions" xlink:to="plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of assets received in kind in non-cash transfer of pension risk transaction. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value Of Assets Received In Kind For Pension Risk Transfer Transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ValueOfAssetsReceivedInKindForPensionRiskTransferTransactions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets received in kind from pension risk transfer transactions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NatureOfOperationsAndSignificantAccountingPoliciesDisclosureAbstract" xlink:label="plic_NatureOfOperationsAndSignificantAccountingPoliciesDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NatureOfOperationsAndSignificantAccountingPoliciesDisclosureAbstract" xlink:to="plic_NatureOfOperationsAndSignificantAccountingPoliciesDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NatureOfOperationsAndSignificantAccountingPoliciesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NatureOfOperationsAndSignificantAccountingPoliciesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nature of Operations and Significant Accounting Policies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:to="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nature of Operations and Significant Accounting Policies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transactions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transactions Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transactions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill and Other Intangible Assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill and Intangible Assets Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill and Other Intangible Assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_VariableInterestEntitiesDisclosureAbstract" xlink:label="plic_VariableInterestEntitiesDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_VariableInterestEntitiesDisclosureAbstract" xlink:to="plic_VariableInterestEntitiesDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_VariableInterestEntitiesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_VariableInterestEntitiesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_VariableInterestEntitiesDisclosureTextBlock" xlink:label="plic_VariableInterestEntitiesDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_VariableInterestEntitiesDisclosureTextBlock" xlink:to="plic_VariableInterestEntitiesDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_VariableInterestEntitiesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure of variable interest entities (VIE), including, but not limited to the nature, purpose, size, and activities of the VIE, the carrying amount and classification of consolidated assets that are collateral for the VIE's obligations, lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary. An enterprise that holds a significant variable interest in a VIE but is not the primary beneficiary may disclose the nature of its involvement with the VIE and when that involvement began, the nature, purpose, size, and activities of the VIE and the enterprise's maximum exposure to loss as a result of its involvement with the VIE. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_VariableInterestEntitiesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entities [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_VariableInterestEntitiesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentsDisclosureAbstract" xlink:label="plic_InvestmentsDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentsDisclosureAbstract" xlink:to="plic_InvestmentsDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentsDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentsDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentsDisclosureTextBlock" xlink:label="plic_InvestmentsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentsDisclosureTextBlock" xlink:to="plic_InvestmentsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure related to Investments in the following: 1) Fixed Maturities and Equity Securities, 2) Mortgage Loans, 3) Real Estate, and 4) Other Investments. Fixed Maturities and Equity Securities and Mortgage Loans are included in quarterly disclosures. Other types of investments are only included in annual disclosures. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InvestmentsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Financial Instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instruments and Hedging Activities Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Financial Instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockDisclosureAbstract" xlink:label="us-gaap_ClosedBlockDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockDisclosureAbstract" xlink:to="us-gaap_ClosedBlockDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockDisclosureTextBlock" xlink:label="us-gaap_ClosedBlockDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockDisclosureTextBlock" xlink:to="us-gaap_ClosedBlockDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosuresAbstract" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosuresAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosuresAbstract" xlink:to="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosuresAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> n/a </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Acquisition Costs and Other Actuarial Balances </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock" xlink:to="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure for deferred policy acquisition costs and other actuarial balances. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs and Other Actuarial Balances, Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DeferredPolicyAcquisitionCostsAndOtherActuarialBalancesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Acquisition Costs and Other Actuarial Balances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountsDisclosureAbstract" xlink:label="us-gaap_SeparateAccountsDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountsDisclosureAbstract" xlink:to="us-gaap_SeparateAccountsDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountsDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Balances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountTextBlock" xlink:label="us-gaap_SeparateAccountTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountTextBlock" xlink:to="us-gaap_SeparateAccountTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Balances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderFundsAbstract" xlink:label="us-gaap_PolicyholderFundsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderFundsAbstract" xlink:to="us-gaap_PolicyholderFundsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderFundsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder Funds </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractholderFundsDisclosureTextBlock" xlink:label="plic_ContractholderFundsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractholderFundsDisclosureTextBlock" xlink:to="plic_ContractholderFundsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractholderFundsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure for contractholder funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractholderFundsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder Funds Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractholderFundsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder Funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Policy Benefits and Claims </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock" xlink:label="plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock" xlink:to="plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure relating to future policy benefits and claims. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Policy Benefits and Claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitAbstract" xlink:label="us-gaap_MarketRiskBenefitAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitAbstract" xlink:to="us-gaap_MarketRiskBenefitAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitsDisclosureTextBlock" xlink:label="plic_MarketRiskBenefitsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitsDisclosureTextBlock" xlink:to="plic_MarketRiskBenefitsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure relating to market risk benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits [Disclosure Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceDisclosuresAbstract" xlink:label="us-gaap_ReinsuranceDisclosuresAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceDisclosuresAbstract" xlink:to="us-gaap_ReinsuranceDisclosuresAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceTextBlock" xlink:label="us-gaap_ReinsuranceTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceTextBlock" xlink:to="us-gaap_ReinsuranceTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="us-gaap_CompensationAndRetirementDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:to="us-gaap_CompensationAndRetirementDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CompensationAndRetirementDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee and Agent Benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pension and Other Postretirement Benefits Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee and Agent Benefits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContingenciesGuaranteesIndemnificationsAndLeasesDisclosureAbstract" xlink:label="plic_ContingenciesGuaranteesIndemnificationsAndLeasesDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContingenciesGuaranteesIndemnificationsAndLeasesDisclosureAbstract" xlink:to="plic_ContingenciesGuaranteesIndemnificationsAndLeasesDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContingenciesGuaranteesIndemnificationsAndLeasesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContingenciesGuaranteesIndemnificationsAndLeasesDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contingencies, Guarantees, Indemnifications and Leases </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock" xlink:label="plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock" xlink:to="plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The entire disclosure related to contingencies, guarantees, indemnifications and leases. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of Contingencies, Guarantees, Indemnifications and Leases [Text Block ] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DisclosureOfContingenciesGuaranteesIndemnificationsAndLeasesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contingencies, Guarantees, Indemnifications and Leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="us-gaap_StockholdersEquityNoteAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteAbstract" xlink:to="us-gaap_StockholdersEquityNoteAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholder's Equity </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholders' Equity Note Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stockholders' Equity </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresTextBlock" xlink:to="us-gaap_FairValueDisclosuresTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Disclosures [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StatutoryInsuranceFinancialInformationDisclosureAbstract" xlink:label="plic_StatutoryInsuranceFinancialInformationDisclosureAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StatutoryInsuranceFinancialInformationDisclosureAbstract" xlink:to="plic_StatutoryInsuranceFinancialInformationDisclosureAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StatutoryInsuranceFinancialInformationDisclosureAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Insurance Financial Information </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock" xlink:label="plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock" xlink:to="plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discloses how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact should be disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Insurance Financial Information Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StatutoryInsuranceFinancialInformationDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Insurance Financial Information </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Information </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Reporting Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Information </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerAbstract" xlink:label="us-gaap_RevenueFromContractWithCustomerAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromContractWithCustomerAbstract" xlink:to="us-gaap_RevenueFromContractWithCustomerAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromContractWithCustomerAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from Contracts with Customers </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:label="us-gaap_RevenueFromContractWithCustomerTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:to="us-gaap_RevenueFromContractWithCustomerTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromContractWithCustomerTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue from Contract with Customer [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenueFromContractWithCustomerTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from Contracts with Customers </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of Compensation Related Costs, Share-based Payments [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract" xlink:to="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule I - Summary of Investments - Other Than Investments in Related Parties </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock" xlink:to="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments, Other than Investments in Related Parties [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule I - Summary of Investments - Other Than Investments in Related Parties </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SupplementaryInsuranceInformationAbstract" xlink:label="srt_SupplementaryInsuranceInformationAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SupplementaryInsuranceInformationAbstract" xlink:to="srt_SupplementaryInsuranceInformationAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SupplementaryInsuranceInformationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule III - Supplementary Insurance Information </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SupplementaryInsuranceInformationForInsuranceCompaniesDisclosureTextBlock" xlink:label="srt_SupplementaryInsuranceInformationForInsuranceCompaniesDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SupplementaryInsuranceInformationForInsuranceCompaniesDisclosureTextBlock" xlink:to="srt_SupplementaryInsuranceInformationForInsuranceCompaniesDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SupplementaryInsuranceInformationForInsuranceCompaniesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplementary Insurance Information, for Insurance Companies Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SupplementaryInsuranceInformationForInsuranceCompaniesDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule III - Supplementary Insurance Information </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:to="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule IV - Reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock" xlink:label="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock" xlink:to="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule IV - Reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:to="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Basis of Accounting, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Basis of Presentation - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidation, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidation - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> New Accounting Pronouncements, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recent Accounting Pronouncements - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongDurationContractsPolicy" xlink:label="us-gaap_LongDurationContractsPolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongDurationContractsPolicy" xlink:to="us-gaap_LongDurationContractsPolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongDurationContractsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Insurance, Long-Duration Contract [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongDurationContractsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adoption of Targeted Improvements to the Accounting for Long-Duration Insurance Contracts Guidance - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Use of Estimates, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Use of Estimates in the Preparation of Financial Statements - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockAccountingPolicy" xlink:label="us-gaap_ClosedBlockAccountingPolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockAccountingPolicy" xlink:to="us-gaap_ClosedBlockAccountingPolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockAccountingPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Accounting Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ClosedBlockAccountingPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalents, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalents - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="us-gaap_InvestmentPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentPolicyTextBlock" xlink:to="us-gaap_InvestmentPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives - Policy </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock" xlink:label="plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock" xlink:to="plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of accounting policy for accounting for contractholder funds; future policy benefits and claims; and other policyholder funds. Disclosure may include information on how reserves are established, the extent of participating business, and accounting for unearned revenue. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder and Policyholder Liabilities Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractholderAndPolicyholderLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder and Policyholder Liabilities - Policy </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock" xlink:label="plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock" xlink:to="plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of accounting policy for premium, fee and other revenue recognition, including the basis for measurement and the timing of recognition of revenue from insurance premiums and fees received from contractholders. Also describes an insurance entity's accounting policy for recognition of related benefit, claim and settlement expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues and Related Benefits Expense Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RevenuesAndRelatedBenefitsExpensePolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recognition of Premiums and Other Considerations, Fees and Other Revenues and Benefits - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy" xlink:label="us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy" xlink:to="us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Acquisition Costs - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InternalReplacementsOfInsuranceContractsPolicy" xlink:label="us-gaap_InternalReplacementsOfInsuranceContractsPolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalReplacementsOfInsuranceContractsPolicy" xlink:to="us-gaap_InternalReplacementsOfInsuranceContractsPolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InternalReplacementsOfInsuranceContractsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Internal Replacements of Insurance Contracts, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InternalReplacementsOfInsuranceContractsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Internal Replacement Transactions - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="us-gaap_DebtPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtPolicyTextBlock" xlink:to="us-gaap_DebtPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Term Debt - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceAccountingPolicy" xlink:label="us-gaap_ReinsuranceAccountingPolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceAccountingPolicy" xlink:to="us-gaap_ReinsuranceAccountingPolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceAccountingPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Accounting Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceAccountingPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountsPolicy" xlink:label="us-gaap_PolicyholderAccountsPolicy" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountsPolicy" xlink:to="us-gaap_PolicyholderAccountsPolicy_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Accounts, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountsPolicy_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Accounts - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Taxes - Policy </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable" xlink:to="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accounting Standards Update and Change in Accounting Principle [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accounting Standards Update and Change in Accounting Principle [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="us-gaap_BalanceSheetLocationAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationAxis" xlink:to="us-gaap_BalanceSheetLocationAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance Sheet Location [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="us-gaap_BalanceSheetLocationDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationDomain" xlink:to="us-gaap_BalanceSheetLocationDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance Sheet Location [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredPolicyAcquisitionCostsMember" xlink:label="plic_DeferredPolicyAcquisitionCostsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredPolicyAcquisitionCostsMember" xlink:to="plic_DeferredPolicyAcquisitionCostsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredPolicyAcquisitionCostsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Primary financial statement caption representing deferred policy acquisition costs capitalized on contract remaining in force </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredPolicyAcquisitionCostsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DeferredPolicyAcquisitionCostsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred acquisition costs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiabilityMember" xlink:label="plic_UnearnedRevenueLiabilityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiabilityMember" xlink:to="plic_UnearnedRevenueLiabilityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Primary financial statement caption encompassing deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnearnedRevenueLiabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned revenue liability </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitsMember" xlink:label="plic_LiabilityForFuturePolicyBenefitsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitsMember" xlink:to="plic_LiabilityForFuturePolicyBenefitsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of present value of future benefit to be paid to or on behalf of policyholder and related expense less present value of future net premium receivable under insurance contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitNetAmountAtRiskMember" xlink:label="plic_MarketRiskBenefitNetAmountAtRiskMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitNetAmountAtRiskMember" xlink:to="plic_MarketRiskBenefitNetAmountAtRiskMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitNetAmountAtRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial statement caption encompassing guaranteed benefit in excess of current account balance of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitNetAmountAtRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit Net Amount At Risk [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitNetAmountAtRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems" xlink:to="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> New Accounting Pronouncements or Change in Accounting Principle [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recent Accounting Pronouncements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:to="us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Impact of Adoption of Targeted Improvements to the Accounting for Long-Duration Insurance Contracts (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock" xlink:to="us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated DAC amounts and reconciliation (Table) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated Rollforward at Adoption - Deferred Acquisition Costs (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiabilityActivityTableTextBlock" xlink:label="plic_UnearnedRevenueLiabilityActivityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiabilityActivityTableTextBlock" xlink:to="plic_UnearnedRevenueLiabilityActivityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiabilityActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of unearned revenue liability activity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiabilityActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability Activity [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnearnedRevenueLiabilityActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated Rollforward at Adoption - Unearned Revenue Liability (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Activity [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of balances and the changes in the present value for expected net premiums and expected future policy benefits expected future policy benefits (Table) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated Rollforward at Adoption - Liability for Future Policy Benefits (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated Rollforward at Adoption - Additional Liability for Certain Benefit Features (Table) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of balances and the changes in the additional liability for certain benefits features (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitActivityTableTextBlock" xlink:label="us-gaap_MarketRiskBenefitActivityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitActivityTableTextBlock" xlink:to="us-gaap_MarketRiskBenefitActivityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Activity [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of net asset (liability) balances and the changes in the valuation of the MRBs (Table) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MarketRiskBenefitActivityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated Rollforward at Adoption - Market Risk Benefits (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Actuarial recohorting pre-tax impacts to comprehensive income (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTextBlock" xlink:label="us-gaap_ScheduleOfGoodwillTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfGoodwillTextBlock" xlink:to="us-gaap_ScheduleOfGoodwillTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfGoodwillTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Goodwill [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfGoodwillTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Finite-Lived Intangible Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite Lived Intangible Assets (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock" xlink:to="plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the estimated aggregate amortization expense related to other finite lived intangible assets for each of the five succeeding fiscal years. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Expected Amortization Expense Related to Other Finite Lived Intangible Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfExpectedAmortizationExpenseRelatedToOtherFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Finite Lived Intangible Assets Estimated Amortization Expense (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock" xlink:label="plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock" xlink:to="plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of variable interest entities carrying amount of consolidated assets that are collateral for the VIE's obligations and consolidated liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Consolidated Variable Interest Entity, Assets (Liabilities) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfConsolidatedVariableInterestEntityAssetsLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying Amounts of Assets and Liabilities of Consolidated Variable Interest Entities (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock" xlink:label="plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock" xlink:to="plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of carrying amount and maximum loss exposure for investments in securities issued by unconsolidated variable interest entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Unconsolidated Variable Interest Entity, Assets Maximum Exposure [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfUnconsolidatedVariableInterestEntityAssetsMaximumExposureTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Carrying Value and Maximum Loss Exposure of Unconsolidated Variable Interest Entities (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:to="us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Available-for-sale Securities Reconciliation [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-Sale Securities (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfAvailableForSaleSecuritiesDebtMaturitiesTableTextBlock" xlink:label="plic_ScheduleOfAvailableForSaleSecuritiesDebtMaturitiesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfAvailableForSaleSecuritiesDebtMaturitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of amortized cost and fair value of fixed maturities available-for-sale by contractual maturity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfAvailableForSaleSecuritiesDebtMaturitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Available-for-sale Securities, Debt Maturities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfAvailableForSaleSecuritiesDebtMaturitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed Maturities Available-for-Sale by Contractual Maturity (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeTextBlock" xlink:label="us-gaap_InvestmentIncomeTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Income [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentIncomeTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Investment Income (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GainLossOnInvestmentsStatementOfOperationsTableTextBlock" xlink:label="plic_GainLossOnInvestmentsStatementOfOperationsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GainLossOnInvestmentsStatementOfOperationsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of realized and unrealized gain (loss) on investment in security reported in the statement of operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GainLossOnInvestmentsStatementOfOperationsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (Loss) on Investments, Statement of Operations [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GainLossOnInvestmentsStatementOfOperationsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Realized Capital Gains and Losses (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Allowance for credit loss (Tables) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-Sale Securities in Unrealized Loss Positions Without an Allowance for Credit Loss (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock" xlink:label="plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock" xlink:to="plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure related to unrealized gains and losses on available-for-sale securities, which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. This disclosure includes information about the cumulative net unrealized gains/losses on fixed maturities available-for-sale, equity securities available-for-sale and derivative instruments net of adjustments related to policy acquisition costs, sales inducements, unearned revenue reserves, changes in policyholder benefits and claims and applicable income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Net Unrealized Gains, Losses, Available-for-Sale Securities and Derivative Instruments [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfNetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstrumentsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Unrealized Gains and Losses on Available-for-Sale Securities and Derivative Instruments (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:to="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Credit Quality Indicators [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Credit Quality Indicators (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock" xlink:label="us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock" xlink:to="us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Financing Receivables, Non Accrual Status [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-Accrual Financing Receivables (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock" xlink:label="plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock" xlink:to="plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of information pertaining to interest income on non-accrual financing receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Interest Income on Non-Accrual Financing Receivables [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfInterestIncomeOnNonAccrualFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Interest Income Recognized on Non-accrual Financing Receivables (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PastDueFinancingReceivablesTableTextBlock" xlink:label="us-gaap_PastDueFinancingReceivablesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PastDueFinancingReceivablesTableTextBlock" xlink:to="us-gaap_PastDueFinancingReceivablesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PastDueFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Past Due Financing Receivables [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PastDueFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivables Aging (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:to="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Allowance for Credit Losses on Financing Receivables [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivables Valuation Allowance (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfAccountsNotesLoansAndFinancingReceivablePurchasedAndSoldTableTextBlock" xlink:label="plic_ScheduleOfAccountsNotesLoansAndFinancingReceivablePurchasedAndSoldTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfAccountsNotesLoansAndFinancingReceivablePurchasedAndSoldTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the various types of trade accounts and notes receivable purchased and sold. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfAccountsNotesLoansAndFinancingReceivablePurchasedAndSoldTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule Of Accounts Notes Loans And Financing Receivable Purchased And Sold [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfAccountsNotesLoansAndFinancingReceivablePurchasedAndSoldTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage Loans Purchased and Sold (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfCommercialMortgageLoansByGeographicRegionAndSpecificCollateralPropertyTypeTableTextBlock" xlink:label="plic_ScheduleOfCommercialMortgageLoansByGeographicRegionAndSpecificCollateralPropertyTypeTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfCommercialMortgageLoansByGeographicRegionAndSpecificCollateralPropertyTypeTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure itemizing the commercial mortgage loan portfolio by both geographic distribution and property type distribution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfCommercialMortgageLoansByGeographicRegionAndSpecificCollateralPropertyTypeTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Commercial Mortgage Loans by Geographic Region and Specific Collateral Property Type [Table Text Block ] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfCommercialMortgageLoansByGeographicRegionAndSpecificCollateralPropertyTypeTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commercial Mortgage Loans by Geographic Distribution and Property Type Distribution (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Troubled Debt Restructurings on Financing Receivables [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage Loans Modified as a Troubled Debt Restructuring (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock" xlink:to="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of summarized balance sheet information for unconsolidated entities in which the company has a minority interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Minority Interests in Unconsolidated Entities, Balance Sheet [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesBalanceSheetTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Minority Interests in Unconsolidated Entities-Balance Sheet (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesIncomeStatementTableTextBlock" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesIncomeStatementTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesIncomeStatementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of summarized income statement information for unconsolidated entities in which the company has a minority interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesIncomeStatementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Minority Interests in Unconsolidated Entities, Income Statement [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfMinorityInterestsInUnconsolidatedEntitiesIncomeStatementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Minority Interests in Unconsolidated Entities-Income Statement (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OffsettingAssetsTableTextBlock" xlink:label="us-gaap_OffsettingAssetsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Offsetting Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Assets Subject to Netting Agreements (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OffsettingLiabilitiesTableTextBlock" xlink:label="us-gaap_OffsettingLiabilitiesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingLiabilitiesTableTextBlock" xlink:to="us-gaap_OffsettingLiabilitiesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Offsetting Liabilities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Liabilities Subject to Netting Agreements (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:to="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Financial Instruments, Exposure (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Financial Instruments, Fair Value Disclosures (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:label="us-gaap_DisclosureOfCreditDerivativesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:to="us-gaap_DisclosureOfCreditDerivativesTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCreditDerivativesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of Credit Derivatives [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCreditDerivativesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivatives Sold (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock" xlink:label="plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock" xlink:to="plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of cumulative basis adjustments for fair value hedges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Cumulative Basis Adjustments for Fair Value Hedges [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfCumulativeBasisAdjustmentsForFairValueHedgesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Hedges (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Flow Hedges (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock" xlink:label="plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock" xlink:to="plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of effect of derivatives in fair value and cash flow hedging relationships and the related hedged items on the consolidated statements of operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Effect of Derivatives in Fair Value and Cash Flow Hedging Relationships and Related Hedged Items on Consolidated Statement of Operations [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfEffectOfDerivativesInFairValueAndCashFlowHedgingRelationshipsAndRelatedHedgedItemsOnConsolidatedStatementOfOperationsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of Fair Value and Cash Flow Hedges on Consolidated Statements of Operations (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xlink:label="us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives Not Designated as Hedging Instruments [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives Not Designated as Hedging Instruments (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfClosedBlockAssetsAndLiabilities" xlink:label="us-gaap_ScheduleOfClosedBlockAssetsAndLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfClosedBlockAssetsAndLiabilities" xlink:to="us-gaap_ScheduleOfClosedBlockAssetsAndLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfClosedBlockAssetsAndLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Closed Block Assets and Liabilities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfClosedBlockAssetsAndLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities and Assets Designated to the Closed Block (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsNetResultsTableTextBlock" xlink:label="us-gaap_ClosedBlockOperationsNetResultsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsNetResultsTableTextBlock" xlink:to="us-gaap_ClosedBlockOperationsNetResultsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsNetResultsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Net Results [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsNetResultsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Revenues and Expenses (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock" xlink:label="plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock" xlink:to="plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure reflecting the change in the maximum future earnings of the closed block. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Change in Maximum Future Earnings of Closed Block [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfChangeInMaximumFutureEarningsOfClosedBlockTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in Maximum Future Earnings of the Closed Block (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segments [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segments [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segments [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segments [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentRetirementAndIncomeSolutionsMember" xlink:label="plic_SegmentRetirementAndIncomeSolutionsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentRetirementAndIncomeSolutionsMember" xlink:to="plic_SegmentRetirementAndIncomeSolutionsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentRetirementAndIncomeSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment that provides retirement and related financial products and services primarily to businesses, their employees and other individuals. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentRetirementAndIncomeSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retirement and Income Solutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentRetirementAndIncomeSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retirement and Income Solutions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentBenefitsAndProtectionMember" xlink:label="plic_SegmentBenefitsAndProtectionMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentBenefitsAndProtectionMember" xlink:to="plic_SegmentBenefitsAndProtectionMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentBenefitsAndProtectionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment that focuses on specialty benefits and life insurance solutions for small-to-mid sized businesses and their employees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentBenefitsAndProtectionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits and Protection </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentBenefitsAndProtectionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits and Protection </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock" xlink:label="plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock" xlink:to="plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of disaggregated unearned revenue liability amounts and reconciles the totals to those reported in the consolidated statements of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Disaggregated Unearned Revenue Liability and Reconciliation [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfDisaggregatedUnearnedRevenueLiabilityAndReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated unearned revenue liability amounts and reconciliation (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsAxis" xlink:label="us-gaap_SubsegmentsAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsegmentsAxis" xlink:to="us-gaap_SubsegmentsAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsegmentsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegments [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsDomain" xlink:label="us-gaap_SubsegmentsDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsegmentsDomain" xlink:to="us-gaap_SubsegmentsDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsegmentsDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegments [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SubsegmentLifeInsuranceMember" xlink:label="plic_SubsegmentLifeInsuranceMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SubsegmentLifeInsuranceMember" xlink:to="plic_SubsegmentLifeInsuranceMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SubsegmentLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegment that provides life insurance, with a focus on the business market customer, including universal life and variable universal life (including indexed universal life) and traditional life insurance (including term life insurance). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SubsegmentLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegment Life Insurance [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SubsegmentLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis" xlink:label="srt_ProductOrServiceAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProductOrServiceAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Products and Services [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ProductOrServiceAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Product and Service [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain" xlink:label="srt_ProductsAndServicesDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductsAndServicesDomain" xlink:to="srt_ProductsAndServicesDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProductsAndServicesDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Products and Services [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ProductsAndServicesDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Product and Service [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UniversalLifeMember" xlink:label="us-gaap_UniversalLifeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UniversalLifeMember" xlink:to="us-gaap_UniversalLifeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UniversalLifeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Universal Life [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UniversalLifeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Universal life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_UniversalLifeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Universal life </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock" xlink:to="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Separate Account Investment [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of separate account assets by investment category (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityTableTextBlock" xlink:label="us-gaap_SeparateAccountLiabilityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityTableTextBlock" xlink:to="us-gaap_SeparateAccountLiabilityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of disaggregated separate account liability amounts and changes in separate account liabilities (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceTable" xlink:label="us-gaap_PolicyholderAccountBalanceTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceTable" xlink:to="us-gaap_PolicyholderAccountBalanceTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceLineItems" xlink:label="us-gaap_PolicyholderAccountBalanceLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceLineItems" xlink:to="us-gaap_PolicyholderAccountBalanceLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder account balances </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock" xlink:label="plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock" xlink:to="plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the disaggregated policyholder account balance amounts and reconcile the totals to contractholder funds reported in the consolidated statements of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Disaggregated Policyholder Account Balance Amounts and Reconcile Totals to Contractholder Funds [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfDisaggregatedPolicyholderAccountBalanceAmountsAndReconcileTotalsToContractholderFundsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of disaggregated policyholder account balance amounts and reconcile the totals to contractholder funds (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceTableTextBlock" xlink:label="us-gaap_PolicyholderAccountBalanceTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceTableTextBlock" xlink:to="us-gaap_PolicyholderAccountBalanceTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of changes in policyholder account balances (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock" xlink:to="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of guaranteed minimum interest rate (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitActivityTable" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitActivityTable" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitActivityTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit Activity [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Premiums or Assessments and Interest Accretion [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentCorporateMember" xlink:label="plic_SegmentCorporateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentCorporateMember" xlink:to="plic_SegmentCorporateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentCorporateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment that manages the assets representing capital that has not been allocated to any other segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentCorporateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Corporate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentCorporateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Corporate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LongTermDisabilityGroupLifeWaiverMember" xlink:label="plic_LongTermDisabilityGroupLifeWaiverMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LongTermDisabilityGroupLifeWaiverMember" xlink:to="plic_LongTermDisabilityGroupLifeWaiverMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LongTermDisabilityGroupLifeWaiverMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Product lines consisting of long-term disability and group life waiver insurance policies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LongTermDisabilityGroupLifeWaiverMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Term Disability/Group Life Waiver </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember" xlink:label="plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember" xlink:to="plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Product lines consisting of dental, vision, short-term disability, critical illness, accident, hospital indemnity and paid family and medical leave insurance policies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dental/Vision/Short-Term Disability/Critical Illness/Accident/Hospital Indemnity/PFML [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DentalVisionShortTermDisabilityCriticalIllnessAccidentHospitalIndemnityPfmlMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dental/Vision/Short Term Disability/Critical Illness/Accident/Hospital Indemnity/PFML Claims </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GroupLifeMember" xlink:label="plic_GroupLifeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GroupLifeMember" xlink:to="plic_GroupLifeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GroupLifeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Product line consisting of life insurance policies issued to organizations to provide benefits to multiple individuals. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GroupLifeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Group Life </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitActivityLineItems" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitActivityLineItems" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitActivityLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Activity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitActivityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Policy Benefits and Claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefits and Unpaid Claims Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregated Future Policy Benefits and Claims amounts and reconciliation (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense" xlink:label="us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense" xlink:to="us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Liability for Unpaid Claims (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTableTextBlock" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTableTextBlock" xlink:to="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of unpaid claims to liability for unpaid claims (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTableTextBlock" xlink:label="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTableTextBlock" xlink:to="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Claims Development [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Claims Development (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsScheduleOfHistoricalClaimsDurationTableTextBlock" xlink:label="us-gaap_ShortdurationInsuranceContractsScheduleOfHistoricalClaimsDurationTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsScheduleOfHistoricalClaimsDurationTableTextBlock" xlink:to="us-gaap_ShortdurationInsuranceContractsScheduleOfHistoricalClaimsDurationTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsScheduleOfHistoricalClaimsDurationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Schedule of Historical Claims Duration [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsScheduleOfHistoricalClaimsDurationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Claim Duration and Payout (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock" xlink:label="plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock" xlink:to="plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of information about liabilities for unpaid claims that are presented at present value for short-duration insurance contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts Discounted Liabilities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ShortDurationInsuranceContractsDiscountedLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discounting (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock" xlink:label="plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock" xlink:to="plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The tabular disclosure of gross premiums or assessments and interest accretion recognized by segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Gross Premium Or Assessment and Interest Accretion [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitGrossPremiumOrAssessmentAndInterestAccretionTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of gross premiums or assessments and interest accretion recognized by segment (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock" xlink:label="plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock" xlink:to="plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The tabular disclosure of balances and the changes in the present value for expected future policy benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Balances and Changes in Present Value for Expected Net Premiums and Expected Future Policy Benefits [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitBalancesAndChangesInPresentValueForExpectedNetPremiumsAndExpectedFuturePolicyBenefitsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of balances and the changes in the present value for expected future policy benefits (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock" xlink:to="plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The tabular disclosure of amounts of expected undiscounted future benefit payments, expected undiscounted future gross premiums and expected discounted future gross premiums. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Undiscounted Future Benefit Payments, Expected Undiscounted Future Gross Premiums and Expected Discounted Future Gross Premiums [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedUndiscountedFutureBenefitPaymentsExpectedUndiscountedFutureGrossPremiumsAndExpectedDiscountedFutureGrossPremiumsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of amounts of expected undiscounted future benefit payments, expected undiscounted future gross premiums and expected discounted future gross premiums (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock" xlink:label="plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock" xlink:to="plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The tabular disclosure of weighted-average rates of interest accretion and current discount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Weighted-average Rates of Interest Accretion and Current Discount [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitWeightedAverageRatesOfInterestAccretionAndCurrentDiscountTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of weighted-average rates of interest accretion and current discount (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitTable" xlink:label="us-gaap_MarketRiskBenefitTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitTable" xlink:to="us-gaap_MarketRiskBenefitTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableAnnuityMember" xlink:label="us-gaap_VariableAnnuityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableAnnuityMember" xlink:to="us-gaap_VariableAnnuityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual variable annuities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual variable annuities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_VariableAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual variable annuities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitLineItems" xlink:label="us-gaap_MarketRiskBenefitLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitLineItems" xlink:to="us-gaap_MarketRiskBenefitLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock" xlink:label="plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock" xlink:to="plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The tabular disclosure of disaggregated MRB amounts in an asset and liability position and reconcile the totals. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRiskTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of disaggregated MRB amounts in an asset and liability position (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock" xlink:label="plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock" xlink:to="plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of significant changes to inputs and assumptions that impacted the change in the MRB fair value measurement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Significant Changes to Inputs And Assumptions That Impacted the Change In Market Risk Benefits Fair Value Measurement [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SignificantChangesToInputsAndAssumptionsThatImpactedChangeInMarketRiskBenefitsFairValueMeasurementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of significant changes to inputs and assumptions that impacted the change in the MRB fair value measurement </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of quantitative information about the significant unobservable inputs used for fair value measurements of MRBs (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectsOfReinsuranceTableTextBlock" xlink:label="us-gaap_EffectsOfReinsuranceTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectsOfReinsuranceTableTextBlock" xlink:to="us-gaap_EffectsOfReinsuranceTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectsOfReinsuranceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effects of Reinsurance [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectsOfReinsuranceTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock" xlink:label="plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock" xlink:to="plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule Of Cost Of Reinsurance Asset And Liability [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfAssetsHeldInSupportOfReservesAssociatedWithCoinsuranceWithFundsWithheldAgreementTableTextBlock" xlink:label="plic_ScheduleOfAssetsHeldInSupportOfReservesAssociatedWithCoinsuranceWithFundsWithheldAgreementTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfAssetsHeldInSupportOfReservesAssociatedWithCoinsuranceWithFundsWithheldAgreementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule Of Assets Held In Support Of Reserves Associated With Coinsurance With Funds Withheld Agreement [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfAssetsHeldInSupportOfReservesAssociatedWithCoinsuranceWithFundsWithheldAgreementTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table) </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfComponentsOfNetInvestmentIncomeOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Components of Net Investment Income On Funds Withheld Assets Passed to Coinsurer [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfComponentsOfNetInvestmentIncomeOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of components of net investment income on the funds withheld assets that were passed to coinsurer (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfComponentsOfNetRealizedCapitalGainsLossesOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock" xlink:label="plic_ScheduleOfComponentsOfNetRealizedCapitalGainsLossesOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfComponentsOfNetRealizedCapitalGainsLossesOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Components of Net Realized Capital Gains (Losses) on Funds Withheld Assets Passed to Coinsurer [Table Text Block] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShortTermDebtTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Short-term Debt [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShortTermDebtTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Term Debt (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Long-term Debt Instruments [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Term Debt (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Maturities of Long-term Debt [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Annual Maturities of Long-Term Debt (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:to="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Expense (Benefit) from Continuing Operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:label="us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Before Income Taxes, Domestic and Foreign </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation Between U.S. Corporate Income Tax Rate and Effective Income Tax Rate from Continuing Operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Income Tax Contingencies [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in Unrecognized Tax Benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Components of Net Deferred Income Taxes </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfNetDeferredTaxesByJurisdictionTableTextBlock" xlink:label="plic_ScheduleOfNetDeferredTaxesByJurisdictionTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfNetDeferredTaxesByJurisdictionTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Net Deferred Taxes by Jurisdiction [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfNetDeferredTaxesByJurisdictionTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Deferred Income Taxes by Jurisdiction </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable" xlink:label="us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="us-gaap_RetirementPlanTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="us-gaap_PensionPlansDefinedBenefitMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems" xlink:label="us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plans and Other Postretirement Benefit Plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNetFundedStatusTableTextBlock" xlink:label="us-gaap_ScheduleOfNetFundedStatusTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfNetFundedStatusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Net Funded Status [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfNetFundedStatusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Obligations and Funded Status (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNetBenefitCostsTableTextBlock" xlink:label="us-gaap_ScheduleOfNetBenefitCostsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNetBenefitCostsTableTextBlock" xlink:to="us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Net Benefit Costs [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Components of Other Postretirement Benefits Net Periodic Benefit Cost (Income) (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts Recognized in Net Periodic Benefit Cost and Accumulated Other Comprehensive (Income) Loss (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock" xlink:label="plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock" xlink:to="plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation, including assumed discount rate and rate of compensation increase. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Benefit Obligation [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfBenefitObligationAssumptionsUsedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-Average Assumptions Used to Determine Benefit Obligations (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock" xlink:label="plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock" xlink:to="plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the net periodic benefit cost, including assumed discount rate, expected long-term rate of return on plan assets, and rate of compensation increase. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Net Periodic Benefit Cost Assumptions Used [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfNetPeriodicBenefitCostAssumptionsUsedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock" xlink:label="us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock" xlink:to="us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Health Care Cost Trend Rates [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assumed Health Care Cost Trend Rates (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Allocation of Plan Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value of Plan Assets (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock" xlink:label="plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock" xlink:to="plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the overall target allocation of plan assets of pension plans and/or other employee benefit plans by asset category. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Target Allocation of Plan Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfTargetAllocationOfPlanAssetsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Target Asset Allocation (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock" xlink:label="us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock" xlink:to="us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Expected Benefit Payments [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated Future Benefit Payments (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseBalanceSheetDisclosureTableTextBlock" xlink:label="plic_LeaseBalanceSheetDisclosureTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseBalanceSheetDisclosureTableTextBlock" xlink:to="plic_LeaseBalanceSheetDisclosureTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseBalanceSheetDisclosureTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of lease assets and liabilities for lessee. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseBalanceSheetDisclosureTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease Balance Sheet Disclosure [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LeaseBalanceSheetDisclosureTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease Assets and Liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseCostTableTextBlock" xlink:label="us-gaap_LeaseCostTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCostTableTextBlock" xlink:to="us-gaap_LeaseCostTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseCostTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Cost [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LeaseCostTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease Cost </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock" xlink:label="plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock" xlink:to="plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of payments due by period for lease obligations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Lease, Liability, Maturity [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfLeaseLiabilityMaturityTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Payments Due by Period for Lease Obligations </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock" xlink:label="plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock" xlink:to="plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of weighted-average remaining lease terms and weighted-average discount rates for operating leases and finance leases of lessee. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Leases of Lessee, Weighted-Average Remaining Term and Weighted-Average Discount Rate [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfLeasesOfLesseeWeightedAverageRemainingTermAndWeightedAverageDiscountRateTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-Average Remaining Lease Term and Weighted-Average Discount Rates </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock" xlink:label="plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock" xlink:to="plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of components of other comprehensive income (loss) including: deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. Discloses the pre-tax, tax, and after-tax amounts of the activity for each of these components. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Other Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss) (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated Other Comprehensive Income (Loss) (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:label="plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:to="plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets and liabilities), and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of asset or liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Fair Value, Assets, Liabilities, Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfFairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation for All Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueTransfersTableTextBlock" xlink:label="plic_FairValueTransfersTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueTransfersTableTextBlock" xlink:to="plic_FairValueTransfersTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueTransfersTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of transfers between Level 1, Level 2 and Level 3 of the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueTransfersTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Transfers [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueTransfersTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock" xlink:label="plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock" xlink:to="plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). This disclosure may include, but is not limited to, the fair value of the asset or liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of inputs, and the weighted averages of the inputs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Quantitative Information Level 3 Fair Value Measurements [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_QuantitativeInformationLevel3FairValueMeasurementsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Quantitative Information about Level 3 Fair Value Measurements (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:to="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Option, Quantitative Disclosures [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Option (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialInstrumentsNotReportedAtValueTableTextBlock" xlink:label="plic_FinancialInstrumentsNotReportedAtValueTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialInstrumentsNotReportedAtValueTableTextBlock" xlink:to="plic_FinancialInstrumentsNotReportedAtValueTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialInstrumentsNotReportedAtValueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) that are not measured at fair value on a recurring basis. Such disclosures about the financial instruments include the fair value of the required items together with their carrying amounts (as appropriate). The fair value measurements at the reporting date also include the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialInstrumentsNotReportedAtValueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments Not Reported at Value [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FinancialInstrumentsNotReportedAtValueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments Not Reported at Fair Value (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock" xlink:label="plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock" xlink:to="plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of statutory net income (loss) and statutory capital and surplus of Principal Life. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Statutory Net Income (Loss) and Statutory Capital and Surplus [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfStatutoryNetIncomeLossAndStatutoryCapitalAndSurplusTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Net Income (Loss) and Statutory Capital and Surplus of Principal Life (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:to="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Assets from Segment to Consolidated [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Assets from Segment to Consolidated (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock" xlink:label="plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock" xlink:to="plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of the identification, description, and amounts of all significant reconciling items in the reconciliation of (1) operating revenues from reportable segments to consolidated revenues; (2) pre-tax operating earnings from reportable segments to consolidated income before income taxes; and (3) consolidated net realized capital gains (losses) to pre-tax net realized capital gains (losses), as adjusted, which includes the impacts of specific adjustments related to net realized capital gains (losses). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Reconciliation of Operating Revenue and Profit (Loss) from Segments to Consolidated [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Operating Revenues and Pre-tax Operating Earnings (Losses) by Segment (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock" xlink:label="plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock" xlink:to="plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of information pertaining to revenues from exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule Of Revenues From Exited Business [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfRevenuesFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from exited business (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock" xlink:label="plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock" xlink:to="plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of pre-tax net realized capital gains (losses) as adjusted from exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre tax net realized capital gains losses as adjusted from exited business [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PreTaxNetRealizedCapitalGainsLossesAsAdjustedFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax net realized capital gains (losses), as adjusted from exited business (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock" xlink:label="plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock" xlink:to="plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of pre-tax income (loss) from exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule Of Pre Tax Income Loss From Exited Business [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfPreTaxIncomeLossFromExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax income (loss) from exited business (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock" xlink:label="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock" xlink:to="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Other Significant Reconciling Items from Segments to Consolidated (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock" xlink:label="plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock" xlink:to="plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The tabular disclosure of income tax expense related to exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule Of Income Tax Expense Related To Exited Business [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfIncomeTaxExpenseRelatedToExitedBusinessTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income tax expense related to exited business (Table) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock" xlink:label="plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock" xlink:to="plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of all significant reconciling items in the reconciliation of total depreciation and amortization expense from reportable segments to the entity's corresponding consolidated expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Depreciation and Amortization Expense from Segments to Consolidated [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReconciliationOfDepreciationAndAmortizationExpenseFromSegmentsToConsolidatedTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Depreciation and Amortization Expense from Segments to Consolidated (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTable" xlink:label="us-gaap_DisaggregationOfRevenueTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueTable" xlink:to="us-gaap_DisaggregationOfRevenueTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregation of Revenue [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SubsegmentSpecialtyBenefitsMember" xlink:label="plic_SubsegmentSpecialtyBenefitsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SubsegmentSpecialtyBenefitsMember" xlink:to="plic_SubsegmentSpecialtyBenefitsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SubsegmentSpecialtyBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegment that provides group dental, group life insurance, group disability insurance (including short-term disability, long-term disability and paid family and medical leave), supplemental health products (including vision, critical illness, accident and hospital indemnity) and individual disability insurance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SubsegmentSpecialtyBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegment Specialty Benefits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SubsegmentSpecialtyBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Specialty Benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueLineItems" xlink:label="us-gaap_DisaggregationOfRevenueLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueLineItems" xlink:to="us-gaap_DisaggregationOfRevenueLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregation of Revenue [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisaggregationOfRevenueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregation of Revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DisaggregationOfRevenueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from Contracts with Customers </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:label="us-gaap_DisaggregationOfRevenueTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:to="us-gaap_DisaggregationOfRevenueTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregation of Revenue [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisaggregationOfRevenueTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregation of Revenues from Contracts with Customers (Table) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans - Disclosures </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock" xlink:label="plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock" xlink:to="plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tabular disclosure of compensation-related costs for share-based compensation, including amounts charged to income and amount capitalized as part of an asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Compensation Related Costs Charged to Income or Capitalized as Asset [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ScheduleOfCompensationRelatedCostsChargedToIncomeOrCapitalizedAsAssetTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of stock-based awards granted under the Stock-Based Compensation Plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of the assumptions used in this model for the stock options granted </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RestatementAxis" xlink:label="srt_RestatementAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RestatementAxis" xlink:to="srt_RestatementAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RestatementAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revision of Prior Period [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RestatementDomain" xlink:label="srt_RestatementDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RestatementDomain" xlink:to="srt_RestatementDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RestatementDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revision of Prior Period [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:label="srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:to="srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revision of Prior Period, Accounting Standards Update, Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectOfModifiedRetrospectiveApplicationAccountingStandardsUpdate201812Member" xlink:label="us-gaap_EffectOfModifiedRetrospectiveApplicationAccountingStandardsUpdate201812Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectOfModifiedRetrospectiveApplicationAccountingStandardsUpdate201812Member" xlink:to="us-gaap_EffectOfModifiedRetrospectiveApplicationAccountingStandardsUpdate201812Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectOfModifiedRetrospectiveApplicationAccountingStandardsUpdate201812Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of Modified Retrospective Application Accounting Standards Update 2018-12 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectOfModifiedRetrospectiveApplicationAccountingStandardsUpdate201812Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of modified retrospective application of ASU 2018-12 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AociGainLossReversalAdjustmentLdtiMember" xlink:label="plic_AociGainLossReversalAdjustmentLdtiMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AociGainLossReversalAdjustmentLdtiMember" xlink:to="plic_AociGainLossReversalAdjustmentLdtiMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AociGainLossReversalAdjustmentLdtiMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of modified retrospective application to prior period unrealized gain (loss) reversed as an adjustment to the opening balance of accumulated other comprehensive income loss upon the adoption of LDTI. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AociGainLossReversalAdjustmentLdtiMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for reversal of unrealized gain (loss) from AOCI </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentFromEffectOfModifiedRetrospectiveApplicationLdtiMember" xlink:label="plic_AdjustmentFromEffectOfModifiedRetrospectiveApplicationLdtiMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentFromEffectOfModifiedRetrospectiveApplicationLdtiMember" xlink:to="plic_AdjustmentFromEffectOfModifiedRetrospectiveApplicationLdtiMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentFromEffectOfModifiedRetrospectiveApplicationLdtiMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of modified retrospective application of LDTI reflected as an adjustment to opening balances upon adoption. Adjustments include but are not limited to impacts of loss cohorts, cohorts with negative reserves and foreign currency translation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentFromEffectOfModifiedRetrospectiveApplicationLdtiMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment under the modified retrospective approach </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AociGainLossRemeasurementAdjustmentDiscountRateMember" xlink:label="plic_AociGainLossRemeasurementAdjustmentDiscountRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AociGainLossRemeasurementAdjustmentDiscountRateMember" xlink:to="plic_AociGainLossRemeasurementAdjustmentDiscountRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AociGainLossRemeasurementAdjustmentDiscountRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of modified retrospective application on unrealized gain loss from change in discount rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AociGainLossRemeasurementAdjustmentDiscountRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of remeasurement at the current discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectOfRetrospectiveApplicationOfAccountingStandardsUpdate201812Member" xlink:label="us-gaap_EffectOfRetrospectiveApplicationOfAccountingStandardsUpdate201812Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectOfRetrospectiveApplicationOfAccountingStandardsUpdate201812Member" xlink:to="us-gaap_EffectOfRetrospectiveApplicationOfAccountingStandardsUpdate201812Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectOfRetrospectiveApplicationOfAccountingStandardsUpdate201812Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of Retrospective Application of Accounting Standards Update 2018-12 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectOfRetrospectiveApplicationOfAccountingStandardsUpdate201812Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of retrospective application of ASU 2018-12 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember" xlink:label="plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember" xlink:to="plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining effect of retrospective application on change to financial statements for cumulative-effect adjustment related to amortization basis change in period of adoption of LDTI. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost Of Reinsurance Asset (Liability), Cumulative Effect Of Amortization Basis Change [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CostOfReinsuranceAssetLiabilityCumulativeEffectOfAmortizationBasisChangeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative effect of amortization basis change </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember" xlink:label="plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember" xlink:to="plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of retrospective application on unrealized gain loss in period of adoption of LDTI. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost Of Reinsurance Asset (Liability), Adjustment Of Unrealized Loss In AOCI [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CostOfReinsuranceAssetLiabilityAdjustmentOfUnrealizedLossInAociMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment of unrealized loss in AOCI </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember" xlink:label="plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember" xlink:to="plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of retrospective application of change to financial statements for cumulative-effect adjustment related to changes in nonperformance risk between the original contract issue date and the transition date in period of adoption of LDTI. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative effect of changes in the nonperformance risk between the original contract issue date and the transition date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitsCumulativeEffectOfChangesInNonperformanceRiskBetweenOriginalContractIssueDateAndTransitionDateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative effect of changes in the nonperformance risk between the original contract issue date and the transition date </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember" xlink:label="plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember" xlink:to="plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of retrospective application on change to the opening balance of retained earnings in period of adoption of LDTI associated with adjustments to the host contract for differences between previous carrying amount and measurement of the market risk benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits, Adjustments To The Host Contract For Differences Between Previous Carrying Amount And Measurement Of The MRB [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitsAdjustmentsToHostContractForDifferencesBetweenPreviousCarryingAmountAndMeasurementOfMrbMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments to the host contract for differences between previous carrying amount and measurement of the MRB </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember" xlink:label="plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember" xlink:to="plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of retrospective application of change to the opening balance of retained earnings in period of adoption of LDTI associated with adjustment for the valuation of contracts as market risk benefits (exclusive of nonperformance risk changes). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits, Retained Earnings Adjustment For The Valuation Of Contracts As MRBs [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitsRetainedEarningsAdjustmentForValuationOfContractsAsMrbsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained earnings adjustment for the valuation of contracts as MRBs (exclusive of nonperformance risk changes) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember" xlink:label="plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember" xlink:to="plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to effect of retrospective application on change to the opening balances of retained earning and accumulated other comprehensive income loss in period of adoption of LDTI associated reclassification of nonperformance risk changes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefits, Reclassification Of Nonperformance Risk Changes Between Retained Earnings And AOCI [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitsReclassificationOfNonperformanceRiskChangesBetweenRetainedEarningsAndAociMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification of nonperformance risk changes between retained earnings and AOCI </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DacAndOtherActuarialBalancesMember" xlink:label="plic_DacAndOtherActuarialBalancesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DacAndOtherActuarialBalancesMember" xlink:to="plic_DacAndOtherActuarialBalancesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DacAndOtherActuarialBalancesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining of DAC and other actuarial balances. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DacAndOtherActuarialBalancesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> DAC and other actuarial balances </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceAssetLiabilityMember" xlink:label="plic_CostOfReinsuranceAssetLiabilityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceAssetLiabilityMember" xlink:to="plic_CostOfReinsuranceAssetLiabilityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceAssetLiabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining of cost of reinsurance asset and liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceAssetLiabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost of reinsurance asset (liability) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceRecoverablesMember" xlink:label="plic_ReinsuranceRecoverablesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceRecoverablesMember" xlink:to="plic_ReinsuranceRecoverablesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceRecoverablesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of reinsurance recoverables under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceRecoverablesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverables </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitsMember" xlink:label="plic_MarketRiskBenefitsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitsMember" xlink:to="plic_MarketRiskBenefitsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining of market risk benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RetainedEarningsBeforeTax" xlink:label="plic_RetainedEarningsBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RetainedEarningsBeforeTax" xlink:to="plic_RetainedEarningsBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RetainedEarningsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The cumulative before tax amount of the reporting entity's undistributed earnings or deficit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RetainedEarningsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained Earnings Before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RetainedEarningsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) Retained earnings, Pre-Tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RetainedEarningsTax" xlink:label="plic_RetainedEarningsTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RetainedEarningsTax" xlink:to="plic_RetainedEarningsTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RetainedEarningsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of tax expense (benefit) allocated to the reporting entity's undistributed earnings or deficit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RetainedEarningsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retained Earnings Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_RetainedEarningsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) Retained earnings, Tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociBeforeTaxAttributableToParent" xlink:label="us-gaap_AociBeforeTaxAttributableToParent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociBeforeTaxAttributableToParent" xlink:to="us-gaap_AociBeforeTaxAttributableToParent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociBeforeTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI before Tax, Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AociBeforeTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) Accumulated other comprehensive income, Pre-Tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociTaxAttributableToParent" xlink:label="us-gaap_AociTaxAttributableToParent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociTaxAttributableToParent" xlink:to="us-gaap_AociTaxAttributableToParent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI Tax, Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AociTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (Decrease) Accumulated other comprehensive income, Tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_WorkplaceSavingsAndRetirementSolutionsMember" xlink:label="plic_WorkplaceSavingsAndRetirementSolutionsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_WorkplaceSavingsAndRetirementSolutionsMember" xlink:to="plic_WorkplaceSavingsAndRetirementSolutionsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_WorkplaceSavingsAndRetirementSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Group annuity contracts offered to the plan sponsors of defined contribution plans or defined benefit plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_WorkplaceSavingsAndRetirementSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Workplace Savings and Retirement Solutions [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_WorkplaceSavingsAndRetirementSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Workplace savings and retirement solutions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PensionRiskTransferMember" xlink:label="plic_PensionRiskTransferMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PensionRiskTransferMember" xlink:to="plic_PensionRiskTransferMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PensionRiskTransferMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Single premium group annuities offered to pension plan sponsors and other institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PensionRiskTransferMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pension Risk Transfer [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PensionRiskTransferMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pension risk transfer </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFixedAnnuityMember" xlink:label="us-gaap_DeferredFixedAnnuityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFixedAnnuityMember" xlink:to="us-gaap_DeferredFixedAnnuityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFixedAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Fixed Annuity [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFixedAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual fixed deferred annuities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentOnlyMember" xlink:label="plic_InvestmentOnlyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentOnlyMember" xlink:to="plic_InvestmentOnlyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentOnlyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Primarily guaranteed investment contracts and funding agreements offered to retirement plan sponsors and other institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentOnlyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Only [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InvestmentOnlyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment only </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IndividualDisabilityMember" xlink:label="plic_IndividualDisabilityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IndividualDisabilityMember" xlink:to="plic_IndividualDisabilityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IndividualDisabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disability insurance providing protection to individuals and/or business owners. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IndividualDisabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual Disability [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_IndividualDisabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual disability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_IndividualDisabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual disability </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TermLifeInsuranceMember" xlink:label="us-gaap_TermLifeInsuranceMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TermLifeInsuranceMember" xlink:to="us-gaap_TermLifeInsuranceMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TermLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Term Life Insurance [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TermLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Term life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_TermLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Term life </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ParticipatingLifeInsurancePolicyMember" xlink:label="us-gaap_ParticipatingLifeInsurancePolicyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParticipatingLifeInsurancePolicyMember" xlink:to="us-gaap_ParticipatingLifeInsurancePolicyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ParticipatingLifeInsurancePolicyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating Life Insurance Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ParticipatingLifeInsurancePolicyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating life </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioPreviouslyReportedMember" xlink:label="srt_ScenarioPreviouslyReportedMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioPreviouslyReportedMember" xlink:to="srt_ScenarioPreviouslyReportedMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScenarioPreviouslyReportedMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Previously Reported [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ScenarioPreviouslyReportedMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Previously reported </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MovementAnalysisOfDeferredPolicyAcquisitionCostsRollForward" xlink:label="us-gaap_MovementAnalysisOfDeferredPolicyAcquisitionCostsRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MovementAnalysisOfDeferredPolicyAcquisitionCostsRollForward" xlink:to="us-gaap_MovementAnalysisOfDeferredPolicyAcquisitionCostsRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MovementAnalysisOfDeferredPolicyAcquisitionCostsRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MovementAnalysisOfDeferredPolicyAcquisitionCostsRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in deferred acquisition costs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredPolicyAcquisitionCostsAdditions" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsAdditions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredPolicyAcquisitionCostsAdditions" xlink:to="us-gaap_DeferredPolicyAcquisitionCostsAdditions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsAdditions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs, Additions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostsAdditions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Costs deferred </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:label="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:to="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Cost, Amortization Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized to expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred acquisition costs amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of deferred acquisition costs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiability" xlink:label="plic_UnearnedRevenueLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiability" xlink:to="plic_UnearnedRevenueLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents collected fees or other policyholder assessments, inclusive of cost of insurance charges, administrative charges and other similar fees, for services to be provided in future periods. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="plic_UnearnedRevenueLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, Unearned Revenue Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="plic_UnearnedRevenueLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, Unearned Revenue Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnearnedRevenueLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_UnearnedRevenueLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total unearned revenue liability </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward" xlink:label="plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward" xlink:to="plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Movement Analysis Of Unearned Revenue Liability [RollForward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MovementAnalysisOfUnearnedRevenueLiabilityRollforward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in unearned revenue liability </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiabilityDeferrals" xlink:label="plic_UnearnedRevenueLiabilityDeferrals" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiabilityDeferrals" xlink:to="plic_UnearnedRevenueLiabilityDeferrals_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiabilityDeferrals_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of deferred revenue in current period for services to be provided in future periods. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiabilityDeferrals_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability Deferrals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnearnedRevenueLiabilityDeferrals_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferrals </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiabilityRevenueRecognized" xlink:label="plic_UnearnedRevenueLiabilityRevenueRecognized" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiabilityRevenueRecognized" xlink:to="plic_UnearnedRevenueLiabilityRevenueRecognized_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiabilityRevenueRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of revenue recognized that was previously included in balance of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiabilityRevenueRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability Revenue Recognized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnearnedRevenueLiabilityRevenueRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue recognized </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FixedAnnuityMember" xlink:label="us-gaap_FixedAnnuityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FixedAnnuityMember" xlink:to="us-gaap_FixedAnnuityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FixedAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed Annuity [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FixedAnnuityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual fixed income annuities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LongTermCareInsuranceMember" xlink:label="plic_LongTermCareInsuranceMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LongTermCareInsuranceMember" xlink:to="plic_LongTermCareInsuranceMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LongTermCareInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A closed block of long-term care insurance, which was offered on both a group and individual basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LongTermCareInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Care Insurance [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LongTermCareInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term care insurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_LongTermCareInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term care insurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefits" xlink:label="us-gaap_LiabilityForFuturePolicyBenefits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefits" xlink:to="us-gaap_LiabilityForFuturePolicyBenefits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, before Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future policy benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitRollForward" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitRollForward" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Present value of expected future policy benefit payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period, Present value of expected future policy benefit payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period, Present value of expected future policy benefit payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax" xlink:to="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in discount rate assumptions at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in discount rate assumptions at beginning of period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period at original discount rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period at original discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of actual variances from expected experience </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjusted beginning of period balance at original discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accrual </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitsPaymentForBenefits" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsPaymentForBenefits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitsPaymentForBenefits" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitsPaymentForBenefits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsPaymentForBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitsPaymentForBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Issuances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumRollForward" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumRollForward" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Present value of expected net premiums </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions" xlink:to="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, before effect of reinsurance and current period update of cash flow assumption and after discount rate change, of expected net premium component of liability for future policy benefit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Before Reinsurance and Cash Flow Change And After Discount Rate Assumptions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period, Present value of expected net premiums </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAndCashFlowChangeAndAfterDiscountRateAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period, Present value of expected net premiums </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax" xlink:to="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in discount rate assumptions at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in discount rate assumptions at beginning of period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Cash Flow and Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period at original discount rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period at original discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in cash flow assumptions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of actual variances from expected experience </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjusted beginning of period balance at original discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Interest Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accrual </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net premiums collected </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, Issuance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Issuances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in cash flow assumptions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitReinsuranceImpact" xlink:label="plic_LiabilityForFuturePolicyBenefitReinsuranceImpact" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitReinsuranceImpact" xlink:to="plic_LiabilityForFuturePolicyBenefitReinsuranceImpact_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount recoverable under reinsurance of liability for future policy benefit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability For Future Policy Benefit Reinsurance Impact </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Impact </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitAfterReinsurance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitAfterReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitAfterReinsurance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitAfterReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, after Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future policy benefits after reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceRollForward" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceRollForward" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in the additional liability for certain benefits features </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeCashFlowAndReinsurance" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeCashFlowAndReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeCashFlowAndReinsurance" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Original Discount Rate, before Cash Flow and Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeCashFlowAndReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Cumulative Increase (Decrease) from Cash Flow Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in cash flow assumptions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Cumulative Increase (Decrease) of Actual Variance from Expected Experience </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of actual variances from expected experience </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Interest Income (Expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accrual </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceNetPremiumCollected" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceNetPremiumCollected" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceNetPremiumCollected" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceNetPremiumCollected_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceNetPremiumCollected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Net Premium Collected </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceNetPremiumCollected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net assessments collected </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceBenefitPayment" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceBenefitPayment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceBenefitPayment" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceBenefitPayment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Benefit Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit payments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange" xlink:label="plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange" xlink:to="plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase (decrease) classified as other in present value of total expected payment to policyholder in excess of present value of total expected assessment. Excludes benefit classified as market risk benefit or under provisions of Topic 815 on derivative and hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability Long Duration Insurance Period Increase Decrease For Other Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdditionalLiabilityLongDurationInsurancePeriodIncreaseDecreaseForOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Original Discount Rate, before Reinsurance, after Cash Flow Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional liability for certain benefit features </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitNetAmountAtRisk" xlink:label="us-gaap_MarketRiskBenefitNetAmountAtRisk" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitNetAmountAtRisk" xlink:to="us-gaap_MarketRiskBenefitNetAmountAtRisk_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitNetAmountAtRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Net Amount at Risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitNetAmountAtRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitNetAmountAtRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net amount at risk </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitRollForward" xlink:label="us-gaap_MarketRiskBenefitRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitRollForward" xlink:to="us-gaap_MarketRiskBenefitRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net asset (liability) balances and the changes in the valuation of the MRBs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MarketRiskBenefitRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balances and changes in MRBs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk" xlink:label="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk" xlink:to="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period, market risk benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period, market risk benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net asset (liability) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax" xlink:to="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI, Market Risk Benefit, Instrument-Specific Credit Risk, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in nonperformance risk at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in nonperformance risk at beginning of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in nonperformance risk at end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of changes in nonperformance risk at beginning of period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange" xlink:label="us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange" xlink:to="us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjusted balance at end of period, market risk benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="us-gaap_MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjusted balance at beginning of period, market risk benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitInterestExpense" xlink:label="us-gaap_MarketRiskBenefitInterestExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitInterestExpense" xlink:to="us-gaap_MarketRiskBenefitInterestExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accrual and expected policyholder behavior </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitBenefitPayment" xlink:label="us-gaap_MarketRiskBenefitBenefitPayment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitBenefitPayment" xlink:to="us-gaap_MarketRiskBenefitBenefitPayment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Benefit Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitIncreaseDecreaseFromInterestRateChange" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromInterestRateChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitIncreaseDecreaseFromInterestRateChange" xlink:to="us-gaap_MarketRiskBenefitIncreaseDecreaseFromInterestRateChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromInterestRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Increase (Decrease) from Interest Rate Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromInterestRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in interest rates </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange" xlink:to="us-gaap_MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Increase (Decrease) from Equity Market Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in equity markets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitIncreaseDecreaseFromVolatility" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromVolatility" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitIncreaseDecreaseFromVolatility" xlink:to="us-gaap_MarketRiskBenefitIncreaseDecreaseFromVolatility_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromVolatility_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Increase (Decrease) from Volatility </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromVolatility_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in equity index volatility </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected" xlink:to="us-gaap_MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Increase (Decrease) from Actual Policyholder Behavior Different from Expected </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Actual policyholder behavior different from expected behavior </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption" xlink:to="us-gaap_MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Increase (Decrease) from Future Expected Policyholder Behavior Assumption </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in future expected policyholder behavior </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitIncreaseDecreaseFromOtherAssumption" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromOtherAssumption" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitIncreaseDecreaseFromOtherAssumption" xlink:to="us-gaap_MarketRiskBenefitIncreaseDecreaseFromOtherAssumption_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromOtherAssumption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Increase (Decrease) from Other Assumption </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketRiskBenefitIncreaseDecreaseFromOtherAssumption_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in other future expected assumptions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAbstract" xlink:label="us-gaap_CashAndCashEquivalentsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalents [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalents </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CashAndCashEquivalentsMaximumMaturityPeriod" xlink:label="plic_CashAndCashEquivalentsMaximumMaturityPeriod" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CashAndCashEquivalentsMaximumMaturityPeriod" xlink:to="plic_CashAndCashEquivalentsMaximumMaturityPeriod_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CashAndCashEquivalentsMaximumMaturityPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the maximum number of months for the maturity date of an investment when purchased for it to be included in cash and cash equivalents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CashAndCashEquivalentsMaximumMaturityPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalents Maximum Maturity Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CashAndCashEquivalentsMaximumMaturityPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum maturity period when purchased for investments to be included in cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentsAbstract" xlink:label="us-gaap_InvestmentsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsAbstract" xlink:to="us-gaap_InvestmentsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateHeldforsale" xlink:label="us-gaap_RealEstateHeldforsale" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldforsale" xlink:to="us-gaap_RealEstateHeldforsale_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate Held-for-sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate held for sale </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentTable" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentTable" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, by Product Segment [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SubsegmentIndividualLifeInsuranceMember" xlink:label="plic_SubsegmentIndividualLifeInsuranceMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SubsegmentIndividualLifeInsuranceMember" xlink:to="plic_SubsegmentIndividualLifeInsuranceMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SubsegmentIndividualLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Business that provides a variety of individual life insurance products, including universal and variable universal life insurance and term life insurance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SubsegmentIndividualLifeInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Individual Life insurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentLineItems" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentLineItems" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, by Product Segment [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitByProductSegmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Policy Benefits and Claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ParticipatingPoliciesAbstract" xlink:label="us-gaap_ParticipatingPoliciesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParticipatingPoliciesAbstract" xlink:to="us-gaap_ParticipatingPoliciesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ParticipatingPoliciesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating Policies [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ParticipatingPoliciesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder and Policyholder Liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce" xlink:label="us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce" xlink:to="us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating Policies as Percentage of Gross Insurance in Force </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating business as a percentage of life insurance in force (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce" xlink:label="plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce" xlink:to="plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This percent places participating policies in the numerator and total number of life insurance policies in force in the denominator. Participating insurance contracts allow policyholders to share in the experience of the entity, primarily through policy dividends. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating Policies as Percentage of Number of Life Insurance Policies in Force </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ParticipatingPoliciesAsPercentageOfNumberOfLifeInsurancePoliciesInForce_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating business as a percentage of life insurance policies in force (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ParticipatingPolicyPercentageOfPremiumIncome" xlink:label="us-gaap_ParticipatingPolicyPercentageOfPremiumIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParticipatingPolicyPercentageOfPremiumIncome" xlink:to="us-gaap_ParticipatingPolicyPercentageOfPremiumIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ParticipatingPolicyPercentageOfPremiumIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating Policy, Percentage of Premium Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ParticipatingPolicyPercentageOfPremiumIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating business as a percentage of life insurance premiums (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtNoncurrentAbstract" xlink:label="us-gaap_LongTermDebtNoncurrentAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrentAbstract" xlink:to="us-gaap_LongTermDebtNoncurrentAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrentAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Excluding Current Maturities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtNoncurrentAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Term Debt </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LongTermDebtMinimumMaturityPeriod" xlink:label="plic_LongTermDebtMinimumMaturityPeriod" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LongTermDebtMinimumMaturityPeriod" xlink:to="plic_LongTermDebtMinimumMaturityPeriod_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LongTermDebtMinimumMaturityPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the minimum number of years for the maturity date debt when issued for it to be included in long-term debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LongTermDebtMinimumMaturityPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt Minimum Maturity Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LongTermDebtMinimumMaturityPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Minimum maturity period at date of issuance for debt to be classified as long-term </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationTypeAxis" xlink:label="us-gaap_ReclassificationTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationTypeAxis" xlink:to="us-gaap_ReclassificationTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification, Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationTypeDomain" xlink:label="us-gaap_ReclassificationTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationTypeDomain" xlink:to="us-gaap_ReclassificationTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification, Type [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReclassificationActuarialBalanceRecohortingUlsgBusinessMember" xlink:label="plic_ReclassificationActuarialBalanceRecohortingUlsgBusinessMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReclassificationActuarialBalanceRecohortingUlsgBusinessMember" xlink:to="plic_ReclassificationActuarialBalanceRecohortingUlsgBusinessMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReclassificationActuarialBalanceRecohortingUlsgBusinessMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment related to the actuarial balance re-cohorting due to the decision to manage the ULSG business separately from the other UL business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReclassificationActuarialBalanceRecohortingUlsgBusinessMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment related to actuarial balance re-cohorting </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncreaseToIncomeBeforeTaxesAbstract" xlink:label="plic_IncreaseToIncomeBeforeTaxesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncreaseToIncomeBeforeTaxesAbstract" xlink:to="plic_IncreaseToIncomeBeforeTaxesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncreaseToIncomeBeforeTaxesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase To Income Before Taxes [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncreaseToIncomeBeforeTaxesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase To Income Before Taxes [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_IncreaseToIncomeBeforeTaxesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase to income before taxes </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceAmortization" xlink:label="plic_CostOfReinsuranceAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceAmortization" xlink:to="plic_CostOfReinsuranceAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of expense related to the cost of reinsurance amortization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost Of Reinsurance Amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_CostOfReinsuranceAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost of reinsurance amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CostOfReinsuranceAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost of reinsurance amortization </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures" xlink:to="plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The increase (decrease) to income related to the increase (decrease) in liability for certain benefit features. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change In Additional Liability For Certain Benefit Features </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeatures_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in additional liability for certain benefit features </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract" xlink:label="plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract" xlink:to="plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase To Pre-Tax Other Comprehensive Income [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase To Pre-Tax Other Comprehensive Income [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_IncreaseToPreTaxOtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase to pre-tax other comprehensive income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceUnrealizedGainsLosses" xlink:label="plic_CostOfReinsuranceUnrealizedGainsLosses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceUnrealizedGainsLosses" xlink:to="plic_CostOfReinsuranceUnrealizedGainsLosses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceUnrealizedGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The increase (decrease) to income related to the cost of reinsurance unrealized gains (losses). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceUnrealizedGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost Of Reinsurance Unrealized Gains Losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CostOfReinsuranceUnrealizedGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost of reinsurance unrealized gains (losses) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains" xlink:to="plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The unrealized gain (loss) related to the increase (decrease) in liability for certain benefit features. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change In Additional Liability For Certain Benefit Features Unrealized Gains </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ChangeInAdditionalLiabilityForCertainBenefitFeaturesUnrealizedGains_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in additional liability for certain benefit features unrealized gains </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TotalIncreaseToPreTaxOtherComprehensiveIncome" xlink:label="plic_TotalIncreaseToPreTaxOtherComprehensiveIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TotalIncreaseToPreTaxOtherComprehensiveIncome" xlink:to="plic_TotalIncreaseToPreTaxOtherComprehensiveIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TotalIncreaseToPreTaxOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of change in Pre-Tax Other Comprehensive Income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TotalIncreaseToPreTaxOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total Increase To Pre-Tax Other Comprehensive Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_TotalIncreaseToPreTaxOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total increase to pre-tax other comprehensive income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TotalIncreaseToPreTaxComprehensiveIncome" xlink:label="plic_TotalIncreaseToPreTaxComprehensiveIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TotalIncreaseToPreTaxComprehensiveIncome" xlink:to="plic_TotalIncreaseToPreTaxComprehensiveIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TotalIncreaseToPreTaxComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of increase to pre-tax comprehensive income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TotalIncreaseToPreTaxComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total Increase To Pre-Tax Comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_TotalIncreaseToPreTaxComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total increase to pre-tax comprehensive income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Related Party Transactions, by Related Party [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party, Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party, Type [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_AffiliatedEntityMember" xlink:label="srt_AffiliatedEntityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_AffiliatedEntityMember" xlink:to="srt_AffiliatedEntityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_AffiliatedEntityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Affiliated Entity [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="srt_AffiliatedEntityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Affiliated Entities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PrincipalFinancialGroupIncMember" xlink:label="plic_PrincipalFinancialGroupIncMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PrincipalFinancialGroupIncMember" xlink:to="plic_PrincipalFinancialGroupIncMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PrincipalFinancialGroupIncMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal Financial Group, Inc. ("PFG"). the ultimate parent company of the entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PrincipalFinancialGroupIncMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal Financial Group Inc [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PrincipalFinancialGroupIncMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> PFG </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PfsMember" xlink:label="plic_PfsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PfsMember" xlink:to="plic_PfsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PfsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal Financial Services, Inc. ("PFS"), the direct parent company of the entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PfsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> PFS [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PfsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> PFS </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PrincipalLifeInsuranceCompanyMember" xlink:label="plic_PrincipalLifeInsuranceCompanyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PrincipalLifeInsuranceCompanyMember" xlink:to="plic_PrincipalLifeInsuranceCompanyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PrincipalLifeInsuranceCompanyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal Life Insurance Company ("PLIC"). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PrincipalLifeInsuranceCompanyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal Life Insurance Company [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PrincipalLifeInsuranceCompanyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> PLIC </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PrincipalNationalLifeInsuranceCompanyMember" xlink:label="plic_PrincipalNationalLifeInsuranceCompanyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PrincipalNationalLifeInsuranceCompanyMember" xlink:to="plic_PrincipalNationalLifeInsuranceCompanyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PrincipalNationalLifeInsuranceCompanyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal National Life Insurance Company. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PrincipalNationalLifeInsuranceCompanyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal National Life Insurance Company [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PrincipalNationalLifeInsuranceCompanyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal National Life Insurance Company </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PrincipalSecuritiesIncMember" xlink:label="plic_PrincipalSecuritiesIncMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PrincipalSecuritiesIncMember" xlink:to="plic_PrincipalSecuritiesIncMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PrincipalSecuritiesIncMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal Securities Inc. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PrincipalSecuritiesIncMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal Securities Inc [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PrincipalSecuritiesIncMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal Securities, Inc. </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PgiLlcMember" xlink:label="plic_PgiLlcMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PgiLlcMember" xlink:to="plic_PgiLlcMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PgiLlcMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal Global Investors, LLC ("PGI LLC"). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PgiLlcMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> PGI LLC [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PgiLlcMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> PGI LLC </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember" xlink:label="plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember" xlink:to="plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for Principal Securities, Inc. and Principal Global Investors, LLC ("PGI LLC"). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal Securities Inc And Principal Global Investors [Member </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PrincipalSecuritiesIncAndPrincipalGlobalInvestorsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal Securities, Inc. and Principal Global Investors, LLC ("PGI LLC") </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CoinsuranceFundsWithheldReinsuranceContractMember" xlink:label="plic_CoinsuranceFundsWithheldReinsuranceContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CoinsuranceFundsWithheldReinsuranceContractMember" xlink:to="plic_CoinsuranceFundsWithheldReinsuranceContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CoinsuranceFundsWithheldReinsuranceContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to coinsurance Funds Withheld Reinsurance Contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CoinsuranceFundsWithheldReinsuranceContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Coinsurance Funds Withheld Reinsurance Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CoinsuranceFundsWithheldReinsuranceContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Coinsurance funds withheld reinsurance contract </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Legal Entity [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="us-gaap_RelatedPartyTransactionAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAxis" xlink:to="us-gaap_RelatedPartyTransactionAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transaction [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="us-gaap_RelatedPartyTransactionDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDomain" xlink:to="us-gaap_RelatedPartyTransactionDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transaction [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember" xlink:label="plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember" xlink:to="plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related to various related party transactions resulting in expense reimbursements to the entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Various Related Party Transactions Expense Reimbursements [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_VariousRelatedPartyTransactionsExpenseReimbursementsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related party transactions resulting in expense reimbursements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CashAdvanceAgreementMember" xlink:label="plic_CashAdvanceAgreementMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CashAdvanceAgreementMember" xlink:to="plic_CashAdvanceAgreementMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CashAdvanceAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for a cash advance agreement between the entity and their direct parent which allows the two entities to collectively pool available cash by advancing funds between the entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CashAdvanceAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Advance Agreement [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CashAdvanceAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Advance Agreement </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceAgreementMember" xlink:label="plic_ReinsuranceAgreementMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceAgreementMember" xlink:to="plic_ReinsuranceAgreementMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related to a contractual agreement involving insurance that has been ceded to or assumed from another insurance company. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Agreement [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReinsuranceAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NotesReceivableDueFromRelatedPartyMember" xlink:label="plic_NotesReceivableDueFromRelatedPartyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NotesReceivableDueFromRelatedPartyMember" xlink:to="plic_NotesReceivableDueFromRelatedPartyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NotesReceivableDueFromRelatedPartyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related to a notes receivable transaction between the entity and a related party. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NotesReceivableDueFromRelatedPartyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Notes Receivable Due From Related Party [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NotesReceivableDueFromRelatedPartyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Notes Receivable </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DistributionOfAffiliatedProductsMember" xlink:label="plic_DistributionOfAffiliatedProductsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DistributionOfAffiliatedProductsMember" xlink:to="plic_DistributionOfAffiliatedProductsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DistributionOfAffiliatedProductsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related to transactions with a related party involving the distribution of affiliated products. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DistributionOfAffiliatedProductsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Distribution Of Affiliated Products [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DistributionOfAffiliatedProductsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Distribution of Affiliated Products </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_BenefitPlansMember" xlink:label="plic_BenefitPlansMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_BenefitPlansMember" xlink:to="plic_BenefitPlansMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_BenefitPlansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related to transactions with a related party involving benefits plans offered to employees and field agents of the entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_BenefitPlansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit Plans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_BenefitPlansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit Plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetManagementArrangementMember" xlink:label="us-gaap_AssetManagementArrangementMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetManagementArrangementMember" xlink:to="us-gaap_AssetManagementArrangementMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetManagementArrangementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Management Arrangement [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetManagementArrangementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Management Services Agreement </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember" xlink:label="us-gaap_OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember" xlink:to="us-gaap_OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Pension, Postretirement and Supplemental Plans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Compensation Plan </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis" xlink:label="srt_RangeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_RangeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statistical Measurement [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember" xlink:label="srt_RangeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeMember" xlink:to="srt_RangeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_RangeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statistical Measurement [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember" xlink:label="srt_MaximumMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MaximumMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_MaximumMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Receivable Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="us-gaap_ReceivableTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Receivable [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesReceivableMember" xlink:label="us-gaap_NotesReceivableMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesReceivableMember" xlink:to="us-gaap_NotesReceivableMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesReceivableMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Notes Receivable [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NotesReceivableMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Notes Receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="us-gaap_DebtInstrumentNameDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Term Debt Issuances [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NoteReceivable2.87PercentInterestRateMember" xlink:label="plic_NoteReceivable2.87PercentInterestRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NoteReceivable2.87PercentInterestRateMember" xlink:to="plic_NoteReceivable2.87PercentInterestRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NoteReceivable2.87PercentInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for the note receivable with a 2.87 percent interest rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NoteReceivable2.87PercentInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Note Receivable 2.87 Percent Interest Rate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NoteReceivable2.87PercentInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Note Receivable 2.87% interest rate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NoteReceivable2.885PercentInterestRateMember" xlink:label="plic_NoteReceivable2.885PercentInterestRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NoteReceivable2.885PercentInterestRateMember" xlink:to="plic_NoteReceivable2.885PercentInterestRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NoteReceivable2.885PercentInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for the note receivable with a 2.885 percent interest rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NoteReceivable2.885PercentInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Note Receivable 2.885 Percent Interest Rate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NoteReceivable2.885PercentInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Note receivable 2.885% interest rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetirementPlanTaxStatusAxis" xlink:label="us-gaap_RetirementPlanTaxStatusAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetirementPlanTaxStatusAxis" xlink:to="us-gaap_RetirementPlanTaxStatusAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetirementPlanTaxStatusAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retirement Plan Tax Status [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetirementPlanTaxStatusDomain" xlink:label="us-gaap_RetirementPlanTaxStatusDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetirementPlanTaxStatusDomain" xlink:to="us-gaap_RetirementPlanTaxStatusDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetirementPlanTaxStatusDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retirement Plan Tax Status [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_QualifiedPlanMember" xlink:label="us-gaap_QualifiedPlanMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QualifiedPlanMember" xlink:to="us-gaap_QualifiedPlanMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QualifiedPlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Qualified benefit plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonqualifiedPlanMember" xlink:label="us-gaap_NonqualifiedPlanMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonqualifiedPlanMember" xlink:to="us-gaap_NonqualifiedPlanMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonqualifiedPlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nonqualified benefit plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:to="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Bonus and Profit Sharing Arrangements, Individual Contracts, Type of Deferred Compensation [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:label="us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:to="us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Bonus and Profit Sharing Arrangement, Individual Contract, Type of Deferred Compensation [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember" xlink:label="us-gaap_DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember" xlink:to="us-gaap_DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Compensation, Excluding Share-Based Payments and Retirement Benefits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Compensation Plans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CounterpartyNameAxis" xlink:label="srt_CounterpartyNameAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CounterpartyNameAxis" xlink:to="srt_CounterpartyNameAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CounterpartyNameAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Counterparty Name [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Counterparty Name [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PFSBermudaMember" xlink:label="plic_PFSBermudaMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PFSBermudaMember" xlink:to="plic_PFSBermudaMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PFSBermudaMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to PFS Bermuda. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PFSBermudaMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> P F S Bermuda [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PFSBermudaMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> P F S bermuda </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transaction [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transactions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="us-gaap_OperatingCostsAndExpenses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpenses" xlink:to="us-gaap_OperatingCostsAndExpenses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingCostsAndExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Costs and Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingCostsAndExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses to related parties </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingCostAndExpenseRelatedPartyTypeExtensibleEnumeration" xlink:label="us-gaap_OperatingCostAndExpenseRelatedPartyTypeExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostAndExpenseRelatedPartyTypeExtensibleEnumeration" xlink:to="us-gaap_OperatingCostAndExpenseRelatedPartyTypeExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingCostAndExpenseRelatedPartyTypeExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Cost and Expense, Related Party, Type [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeBenefitsAndShareBasedCompensation" xlink:label="us-gaap_EmployeeBenefitsAndShareBasedCompensation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeBenefitsAndShareBasedCompensation" xlink:to="us-gaap_EmployeeBenefitsAndShareBasedCompensation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeBenefitsAndShareBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Benefits and Share-Based Compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeBenefitsAndShareBasedCompensation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses to related parties under benefit plan </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanTypeExtensibleList" xlink:label="us-gaap_DefinedBenefitPlanTypeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanTypeExtensibleList" xlink:to="us-gaap_DefinedBenefitPlanTypeExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanTypeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Type [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty" xlink:label="plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty" xlink:to="plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses that have been reimbursed resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related Party Transaction Expenses Reimbursed From Transactions With RelatedParty </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RelatedPartyTransactionExpensesReimbursedFromTransactionsWithRelatedparty_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses reimbursed </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument, Face Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate principal amount for advanced cash </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherReceivables" xlink:label="us-gaap_OtherReceivables" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivables" xlink:to="us-gaap_OtherReceivables_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherReceivables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherReceivables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts receivable from subsidiary </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherReceivableAfterAllowanceForCreditLossRelatedPartyTypeExtensibleEnumeration" xlink:label="us-gaap_OtherReceivableAfterAllowanceForCreditLossRelatedPartyTypeExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivableAfterAllowanceForCreditLossRelatedPartyTypeExtensibleEnumeration" xlink:to="us-gaap_OtherReceivableAfterAllowanceForCreditLossRelatedPartyTypeExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherReceivableAfterAllowanceForCreditLossRelatedPartyTypeExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestIncomeOperating" xlink:label="us-gaap_InterestIncomeOperating" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeOperating" xlink:to="us-gaap_InterestIncomeOperating_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeOperating_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest Income, Operating </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestIncomeOperating_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestIncomeOperatingRelatedPartyTypeExtensibleEnumeration" xlink:label="us-gaap_InterestIncomeOperatingRelatedPartyTypeExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeOperatingRelatedPartyTypeExtensibleEnumeration" xlink:to="us-gaap_InterestIncomeOperatingRelatedPartyTypeExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeOperatingRelatedPartyTypeExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest Income, Operating, Related Party, Type [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueRelatedPartyTypeExtensibleEnumeration" xlink:label="us-gaap_RevenueRelatedPartyTypeExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRelatedPartyTypeExtensibleEnumeration" xlink:to="us-gaap_RevenueRelatedPartyTypeExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueRelatedPartyTypeExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue, Related Party, Type [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense" xlink:label="us-gaap_AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense" xlink:to="us-gaap_AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assumed Liability for Unpaid Claims and Claims Adjustment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assumed reinsurance liability </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssumedPremiumsEarned" xlink:label="us-gaap_AssumedPremiumsEarned" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssumedPremiumsEarned" xlink:to="us-gaap_AssumedPremiumsEarned_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssumedPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assumed Premiums Earned </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssumedPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums assumed from other companies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssumedPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and other considerations, Assumed </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTerm" xlink:label="us-gaap_DebtInstrumentTerm" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="us-gaap_DebtInstrumentTerm_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument, Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Term of credit facility </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument, Interest Rate, Stated Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoninterestExpenseCommissionExpense" xlink:label="us-gaap_NoninterestExpenseCommissionExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestExpenseCommissionExpense" xlink:to="us-gaap_NoninterestExpenseCommissionExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestExpenseCommissionExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Noninterest Expense Commission Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoninterestExpenseCommissionExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commission expense </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanBenefitObligation" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanBenefitObligation" xlink:to="us-gaap_DefinedBenefitPlanBenefitObligation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Benefit Obligation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit obligation at end of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit obligation at beginning of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefit liability </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceRecoverablesGross" xlink:label="us-gaap_ReinsuranceRecoverablesGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceRecoverablesGross" xlink:to="us-gaap_ReinsuranceRecoverablesGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceRecoverablesGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverables, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceRecoverablesGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverable and deposit receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded" xlink:to="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Benefits and Claims Incurred, Ceded </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses, Ceded </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses, ceded </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsurancePayable" xlink:label="us-gaap_ReinsurancePayable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsurancePayable" xlink:to="us-gaap_ReinsurancePayable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsurancePayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsurancePayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverable liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReinsurancePayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts payable to affiliate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CommissionsCededAndReversalOfExpenses" xlink:label="plic_CommissionsCededAndReversalOfExpenses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CommissionsCededAndReversalOfExpenses" xlink:to="plic_CommissionsCededAndReversalOfExpenses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CommissionsCededAndReversalOfExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of ceding commissions and expenses allowances during the period that reduced operating expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CommissionsCededAndReversalOfExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commissions Ceded and Reversal of Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CommissionsCededAndReversalOfExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ceding commissions and expense allowances that reduced operating expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTable" xlink:label="us-gaap_ScheduleOfGoodwillTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfGoodwillTable" xlink:to="us-gaap_ScheduleOfGoodwillTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfGoodwillTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Goodwill [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillLineItems" xlink:label="us-gaap_GoodwillLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillLineItems" xlink:to="us-gaap_GoodwillLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillRollForward" xlink:label="us-gaap_GoodwillRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillRollForward" xlink:to="us-gaap_GoodwillRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in Goodwill </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillImpairmentLoss" xlink:to="us-gaap_GoodwillImpairmentLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillImpairmentLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill, Impairment Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GoodwillImpairmentLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Goodwill impairment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Finite-Lived Intangible Assets [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets by Major Class [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Major Class Name [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherIntangibleAssetsMember" xlink:label="us-gaap_OtherIntangibleAssetsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIntangibleAssetsMember" xlink:to="us-gaap_OtherIntangibleAssetsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIntangibleAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other finite lived intangible assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite Lived Intangible Asset Disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife" xlink:label="plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife" xlink:to="plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A description of the remaining amortization period of finite-lived intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite Lived Intangible Assets, Weighted Average Remaining Expected Life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FiniteLivedIntangibleAssetsWeightedAverageRemainingExpectedLife_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average remaining expected life of finite lived intangible assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross carrying value </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Accumulated Amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated amortization </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net carrying value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance" xlink:label="plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance" xlink:to="plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The aggregate gross carrying amounts of finite lived intangible assets that became fully amortized during the period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite Lived Intangible Assets Fully Amortized Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FiniteLivedIntangibleAssetsFullyAmortizedBalance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite lived intangible assets fully amortized during the period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="us-gaap_AmortizationOfIntangibleAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of Intangible Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization expense for intangible assets with finite useful lives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated amortization expense for the next five years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2024 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Amortization Expense, Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2025 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Amortization Expense, Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2026 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Amortization Expense, Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2027 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finite-Lived Intangible Assets, Amortization Expense, Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2028 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ConsolidatedVariableInterestEntityAssetsLiabilitiesTable" xlink:label="plic_ConsolidatedVariableInterestEntityAssetsLiabilitiesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ConsolidatedVariableInterestEntityAssetsLiabilitiesTable" xlink:to="plic_ConsolidatedVariableInterestEntityAssetsLiabilitiesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ConsolidatedVariableInterestEntityAssetsLiabilitiesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A tabular comparison of the carrying amount of the assets and liabilities of consolidated variable interest entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ConsolidatedVariableInterestEntityAssetsLiabilitiesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated Variable Interest Entity, Assets (Liabilities) [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_VariableInterestEntityPrimaryBeneficiaryRealEstateMember" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryRealEstateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_VariableInterestEntityPrimaryBeneficiaryRealEstateMember" xlink:to="plic_VariableInterestEntityPrimaryBeneficiaryRealEstateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated real estate limited partnerships and limited liability companies (that are variable interest entities). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate VIE </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_VariableInterestEntityPrimaryBeneficiaryResidentialMortgageLoansMember" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryResidentialMortgageLoansMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_VariableInterestEntityPrimaryBeneficiaryResidentialMortgageLoansMember" xlink:to="plic_VariableInterestEntityPrimaryBeneficiaryResidentialMortgageLoansMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryResidentialMortgageLoansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated asset-backed securities trust invested in residential mortgage loans (that is a variable interest entity). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryResidentialMortgageLoansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Residential mortgage loans VIE </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember" xlink:to="plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidated asset-backed limited partnership (this is a variable interest entity). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entity Primary Beneficiary Asset Backed Limited Partnership [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_VariableInterestEntityPrimaryBeneficiaryAssetBackedLimitedPartnershipMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset-backed limited partnership </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="us-gaap_VariableInterestEntityLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amounts of consolidated VIE assets and liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnconsolidatedVariableInterestEntityAssetsTable" xlink:label="plic_UnconsolidatedVariableInterestEntityAssetsTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnconsolidatedVariableInterestEntityAssetsTable" xlink:to="plic_UnconsolidatedVariableInterestEntityAssetsTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnconsolidatedVariableInterestEntityAssetsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A tabular comparison of the carrying amount and maximum loss exposure for investments in securities issued by unconsolidated variable interest entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnconsolidatedVariableInterestEntityAssetsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment in Unconsolidated Variable Interest Entities [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentTypeAxis" xlink:label="us-gaap_InvestmentTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="us-gaap_InvestmentTypeCategorizationMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesMember" xlink:label="us-gaap_DebtSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesMember" xlink:to="us-gaap_DebtSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="us-gaap_CorporateDebtSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateDebtSecuritiesMember" xlink:to="us-gaap_CorporateDebtSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CorporateDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Corporate debt securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CorporateDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Corporate debt securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:label="us-gaap_ResidentialMortgageBackedSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:to="us-gaap_ResidentialMortgageBackedSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResidentialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Residential mortgage-backed pass-through securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ResidentialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Residential mortgage-backed securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:to="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commercial mortgage-backed securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commercial mortgage-backed securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="us-gaap_CollateralizedDebtObligationsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralizedDebtObligationsMember" xlink:to="us-gaap_CollateralizedDebtObligationsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralizedDebtObligationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateralized debt obligations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CollateralizedDebtObligationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateralized debt obligations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="us-gaap_OtherDebtSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherDebtSecuritiesMember" xlink:to="us-gaap_OtherDebtSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other debt obligations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other debt obligations </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherLimitedPartnershipAndFundInterestsMember" xlink:label="plic_OtherLimitedPartnershipAndFundInterestsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherLimitedPartnershipAndFundInterestsMember" xlink:to="plic_OtherLimitedPartnershipAndFundInterestsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherLimitedPartnershipAndFundInterestsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This category includes information about investments in 1) certain partnerships where the investor's return is in the form of income tax credits and 2) other partnerships and funds where the returns are from net investment income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherLimitedPartnershipAndFundInterestsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments: Other limited partnership and fund interests </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instrument [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AvailableForSaleSecurityMember" xlink:label="plic_AvailableForSaleSecurityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AvailableForSaleSecurityMember" xlink:to="plic_AvailableForSaleSecurityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AvailableForSaleSecurityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AvailableForSaleSecurityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TradingSecuritiesMember" xlink:label="plic_TradingSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TradingSecuritiesMember" xlink:to="plic_TradingSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TradingSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment in securities measured at fair value with change in fair value recognized in net income (trading). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TradingSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Trading </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_TradingSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, trading </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:to="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entity </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnconsolidatedVariableInterestEntityLineItems" xlink:label="plic_UnconsolidatedVariableInterestEntityLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnconsolidatedVariableInterestEntityLineItems" xlink:to="plic_UnconsolidatedVariableInterestEntityLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnconsolidatedVariableInterestEntityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnconsolidatedVariableInterestEntityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unconsolidated Variable Interest Entity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnconsolidatedVariableInterestEntityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unconsolidated Variable Interest Entity disclosures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum exposure to loss </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment" xlink:label="plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment" xlink:to="plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The carrying value used in the methodology for estimating the maximum exposure to loss of the reporting entity as a result of its involvement with the Variable Interest Entity (VIE), if distributions have been received in excess of our investment, resulting in a negative carrying value for the investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Carrying Value Used If Distributions Received In Excess Of Investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AssetCarryingValueUsedIfDistributionsReceivedInExcessOfInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying value used if distributions received are in excess of investment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketableSecuritiesTable" xlink:label="us-gaap_MarketableSecuritiesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesTable" xlink:to="us-gaap_MarketableSecuritiesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Marketable Securities [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="us-gaap_USTreasuryAndGovernmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USTreasuryAndGovernmentMember" xlink:to="us-gaap_USTreasuryAndGovernmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> U.S. government and agencies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> U.S. government and agencies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> U.S Treasury securities and obligations of U.S government corporations and agencies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignGovernmentDebtSecuritiesMember" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignGovernmentDebtSecuritiesMember" xlink:to="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-U.S. governments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-U.S. governments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Foreign governments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:to="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> States and political subdivisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> States and political subdivisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> States, municipalities and political subdivisions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketableSecuritiesLineItems" xlink:label="us-gaap_MarketableSecuritiesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesLineItems" xlink:to="us-gaap_MarketableSecuritiesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Marketable Securities [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketableSecuritiesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized cost, fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:to="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross unrealized gains, fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:to="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross unrealized losses, fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Allowance, fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestReceivable" xlink:label="us-gaap_InterestReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestReceivable" xlink:to="us-gaap_InterestReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accrued interest receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized cost of fixed maturities available-for-sale </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due in one year or less </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Amortized Cost Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due after one year through five years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Amortized Cost Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due after five years through ten years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Amortized Cost Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due after ten years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subtotal </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage-backed and other asset-backed securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value of fixed maturities available-for-sale </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due in one year or less </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due after one year through five years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due after five years through ten years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Due after ten years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, Single Maturity Date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subtotal </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage-backed and other asset-backed securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:label="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:to="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Investment Income [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquitySecuritiesMember" xlink:label="us-gaap_EquitySecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesMember" xlink:to="us-gaap_EquitySecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity securities: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MortgageLoansMember" xlink:label="plic_MortgageLoansMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MortgageLoansMember" xlink:to="plic_MortgageLoansMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MortgageLoansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MortgageLoansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentsInRealEstateMember" xlink:label="plic_InvestmentsInRealEstateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentsInRealEstateMember" xlink:to="plic_InvestmentsInRealEstateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentsInRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments in real estate held for investment purposes and held-for-sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentsInRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyLoansMember" xlink:label="us-gaap_PolicyLoansMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyLoansMember" xlink:to="us-gaap_PolicyLoansMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyLoansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policy loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="us-gaap_CashAndCashEquivalentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsMember" xlink:to="us-gaap_CashAndCashEquivalentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeMember" xlink:label="us-gaap_DerivativeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeMember" xlink:to="us-gaap_DerivativeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherInvestmentTypesMember" xlink:label="plic_OtherInvestmentTypesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherInvestmentTypesMember" xlink:to="plic_OtherInvestmentTypesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherInvestmentTypesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents types of investments not otherwise specifically identified. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherInvestmentTypesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investment types </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:label="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:to="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Investment Income [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Major categories of net investment income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GrossInvestmentIncomeLoss" xlink:label="plic_GrossInvestmentIncomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GrossInvestmentIncomeLoss" xlink:to="plic_GrossInvestmentIncomeLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GrossInvestmentIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income derived from investments and on cash and cash equivalents, net of amortization of purchase discounts and premiums related to investments in debt securities. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. The purchase discount or premium is amortized to income or expense, respectively, over the life (holding period) of the securities to arrive at an amount of periodic interest income or expense which results in a constant effective yield on the investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GrossInvestmentIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Investment Income (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GrossInvestmentIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross investment income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInvestmentExpense" xlink:label="us-gaap_InvestmentIncomeInvestmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInvestmentExpense" xlink:to="us-gaap_InvestmentIncomeInvestmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInvestmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Income, Investment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InvestmentIncomeInvestmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealizedInvestmentGainsLossesAbstract" xlink:label="us-gaap_RealizedInvestmentGainsLossesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealizedInvestmentGainsLossesAbstract" xlink:to="us-gaap_RealizedInvestmentGainsLossesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealizedInvestmentGainsLossesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Realized Investment Gains (Losses) [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealizedInvestmentGainsLossesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Major components of net realized capital gains (losses) on investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Realized Gain </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale: Gross gains </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Realized Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale: Gross losses </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DebtSecuritiesAvailableForSaleNetCreditLoss" xlink:label="plic_DebtSecuritiesAvailableForSaleNetCreditLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DebtSecuritiesAvailableForSaleNetCreditLoss" xlink:to="plic_DebtSecuritiesAvailableForSaleNetCreditLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DebtSecuritiesAvailableForSaleNetCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of net credit losses includes adjustments to the credit loss valuation allowance, write offs and recoveries on available-for-sale securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DebtSecuritiesAvailableForSaleNetCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Net Credit Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DebtSecuritiesAvailableForSaleNetCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale: Net credit losses (1) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AvailableForSaleDebtSecuritiesHedgingNet" xlink:label="plic_AvailableForSaleDebtSecuritiesHedgingNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AvailableForSaleDebtSecuritiesHedgingNet" xlink:to="plic_AvailableForSaleDebtSecuritiesHedgingNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AvailableForSaleDebtSecuritiesHedgingNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the net gains/losses on available-for-sale debt securities that are the hedged item in a designated fair value hedge. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AvailableForSaleDebtSecuritiesHedgingNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Debt Securities, Hedging, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_AvailableForSaleDebtSecuritiesHedgingNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale: Hedging, net </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesTradingGainLoss" xlink:label="us-gaap_DebtSecuritiesTradingGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesTradingGainLoss" xlink:to="us-gaap_DebtSecuritiesTradingGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesTradingGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Trading, Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesTradingGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, trading (2) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquitySecuritiesFvNiGainLoss" xlink:label="us-gaap_EquitySecuritiesFvNiGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesFvNiGainLoss" xlink:to="us-gaap_EquitySecuritiesFvNiGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesFvNiGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Securities, FV-NI, Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquitySecuritiesFvNiGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity securities (3) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GainLossOnMortgageLoans" xlink:label="plic_GainLossOnMortgageLoans" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GainLossOnMortgageLoans" xlink:to="plic_GainLossOnMortgageLoans_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GainLossOnMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of gain (loss) included in earnings on loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GainLossOnMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain Loss On Mortgage Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GainLossOnMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans gains (losses) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetRealizedCapitalGainLossOnSaleOfDerivatives" xlink:label="plic_NetRealizedCapitalGainLossOnSaleOfDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetRealizedCapitalGainLossOnSaleOfDerivatives" xlink:to="plic_NetRealizedCapitalGainLossOnSaleOfDerivatives_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetRealizedCapitalGainLossOnSaleOfDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses) including periodic settlements and mark-to-market adjustments on derivative instruments not designated as hedges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetRealizedCapitalGainLossOnSaleOfDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Realized Capital Gain Loss On Sale Of Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetRealizedCapitalGainLossOnSaleOfDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative net realized capital gains (losses) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfOtherFinancialAssets" xlink:label="us-gaap_GainLossOnDispositionOfOtherFinancialAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDispositionOfOtherFinancialAssets" xlink:to="us-gaap_GainLossOnDispositionOfOtherFinancialAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnDispositionOfOtherFinancialAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (Loss) on Disposition of Other Financial Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossOnDispositionOfOtherFinancialAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other gains (losses) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesTradingUnrealizedGainLoss" xlink:label="us-gaap_DebtSecuritiesTradingUnrealizedGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesTradingUnrealizedGainLoss" xlink:to="us-gaap_DebtSecuritiesTradingUnrealizedGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesTradingUnrealizedGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Trading, Unrealized Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesTradingUnrealizedGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized gains (losses) on fixed maturities, trading </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets" xlink:label="plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets" xlink:to="plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of unrealized gain (loss) on investment in fixed maturities, trading reported in net realized capital gains (losses) on funds withheld assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized Gains Losses On Debt Securities Trading Reported In Net Realized Capital Gains (Losses) on Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized gains (losses) on fixed maturities, trading, reported in net realized capital gains (losses) on funds withheld assets </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnrealizedGainsLossesOnFixedMaturitiesTradingStillHeadAtReportedInMarketRiskBenefitRemeasurementGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized Gains (Losses) on Fixed Maturities, Trading Still Head At Reported in Market Risk Benefit Remeasurement (Gain) Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnrealizedGainsLossesOnFixedMaturitiesTradingStillHeadAtReportedInMarketRiskBenefitRemeasurementGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized gains (losses) on fixed maturities, trading still held reported in market risk benefit remeasurement (gain) loss </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized gains (losses) on equity securities </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnrealizedGainsLossesOnEquitySecuritiesFvNiReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), accounted for as net realized capital gains (losses) on funds withheld assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnrealizedGainsLossesOnEquitySecuritiesFvNiReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized Gains Losses On Equity Securities Fv Ni Reported In Net Realized Capital Gains (Losses) on Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_UnrealizedGainsLossesOnEquitySecuritiesFvNiReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrealized gains (losses) on equity securities reported in net realized capital gains (losses) on funds withheld assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceedsAbstract" xlink:label="plic_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceedsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceedsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceedsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from sales of investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:to="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Proceeds from sales of investments in fixed maturities, available-for-sale </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Allowance for Credit Loss [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems" xlink:label="us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems" xlink:to="us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Allowance for Credit Loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Rollforward of the allowance for credit loss by major security type </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Not Previously Recorded </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additions for credit losses not previously recorded </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Sold </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reductions for securities sold during the period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional increases (decreases) for credit losses on securities with an allowance recorded in the previous period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossWriteoff_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Write-offs charged against allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestWriteoff" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestWriteoff" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestWriteoff" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestWriteoff_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestWriteoff_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-Sale, Accrued Interest Writeoff </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestWriteoff_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accrued interest written off to net investment income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="us-gaap_MortgageBackedSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageBackedSecuritiesMember" xlink:to="us-gaap_MortgageBackedSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageBackedSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateralized mortgage obligation security </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueAbstract" xlink:label="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Unrealized Losses for Fixed Maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetUnrealizedGainsLossesDebtSecuritiesAvailableForSaleSecurities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the cumulative net unrealized gains and losses on fixed maturities available-for-sale, excluding hedged portions of those in fair value hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetUnrealizedGainsLossesDebtSecuritiesAvailableForSaleSecurities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Unrealized Gains, Losses, Debt Securities, Available-for-sale Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetUnrealizedGainsLossesDebtSecuritiesAvailableForSaleSecurities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on fixed maturities, available-for-sale </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetUnrealizedGainsLossesDerivativeInstruments" xlink:label="plic_NetUnrealizedGainsLossesDerivativeInstruments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetUnrealizedGainsLossesDerivativeInstruments" xlink:to="plic_NetUnrealizedGainsLossesDerivativeInstruments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetUnrealizedGainsLossesDerivativeInstruments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the cumulative net unrealized gains/losses on derivatives in qualifying cash flow hedges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetUnrealizedGainsLossesDerivativeInstruments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Unrealized Gains, Losses, Derivative Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetUnrealizedGainsLossesDerivativeInstruments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on derivative instruments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsAssumedChangesAmortizationPatterns" xlink:label="plic_AdjustmentsAssumedChangesAmortizationPatterns" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsAssumedChangesAmortizationPatterns" xlink:to="plic_AdjustmentsAssumedChangesAmortizationPatterns_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsAssumedChangesAmortizationPatterns_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the cumulative net unrealized gains/losses adjustment related to deferred acquisition costs, sales inducements and unearned revenue reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsAssumedChangesAmortizationPatterns_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments, Assumed Changes, Amortization Patterns </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdjustmentsAssumedChangesAmortizationPatterns_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in amortization patterns </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims" xlink:label="plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims" xlink:to="plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the cumulative net unrealized gains/losses adjustment related to changes in policyholder benefits and claims and changes in the policyholder dividend obligation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments, Assumed Changes, Liability for Policyholder Benefits and Claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdjustmentsAssumedChangesLiabilityForPolicyholderBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in policyholder liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments" xlink:label="plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments" xlink:to="plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the cumulative net unrealized gains/losses on other investments and net unrealized gains/losses attributable to noncontrolling interests. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Unrealized Gains, Losses, Other Investments and Noncontrolling Interest Adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetUnrealizedGainsLossesOtherInvestmentsAndNoncontrollingInterestAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) other investments and noncontrolling interest adjustments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ProvisionDeferredIncomeTaxBenefitsExpense" xlink:label="plic_ProvisionDeferredIncomeTaxBenefitsExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ProvisionDeferredIncomeTaxBenefitsExpense" xlink:to="plic_ProvisionDeferredIncomeTaxBenefitsExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ProvisionDeferredIncomeTaxBenefitsExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the applicable deferred income tax impacts of cumulative net unrealized gains/losses on fixed maturities available-for-sale, equity securities available-for-sale and derivative instruments net of adjustments related deferred acquisition costs, sales inducements, unearned revenue reserves, and changes in policyholder benefits and claims. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ProvisionDeferredIncomeTaxBenefitsExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Provision Deferred Income Tax Benefits, Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ProvisionDeferredIncomeTaxBenefitsExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Provision for deferred income tax benefits (taxes) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments" xlink:label="plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments" xlink:to="plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The cumulative net unrealized gains/losses on fixed maturities available-for-sale, equity securities available-for-sale and derivative instruments net of adjustments related to deferred acquisition costs, sales inducements, unearned revenue reserves, changes in policyholder benefits and claims and applicable income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Unrealized Gains, Losses, Available-for-sale Securities and Derivative Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_NetUnrealizedGainsLossesAvailableForSaleSecuritiesAndDerivativeInstruments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on available-for-sale securities and derivative instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable" xlink:label="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable" xlink:to="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Credit Quality Indicator [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Credit Quality Indicator [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:to="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Portfolio Segment [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:to="us-gaap_FinancingReceivablePortfolioSegmentDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Portfolio Segment [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommercialRealEstatePortfolioSegmentMember" xlink:label="us-gaap_CommercialRealEstatePortfolioSegmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialRealEstatePortfolioSegmentMember" xlink:to="us-gaap_CommercialRealEstatePortfolioSegmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialRealEstatePortfolioSegmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commercial mortgage loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ResidentialMortgageMember" xlink:label="us-gaap_ResidentialMortgageMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResidentialMortgageMember" xlink:to="us-gaap_ResidentialMortgageMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResidentialMortgageMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Residential mortgage loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ResidentialMortgageMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Residential mortgage loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsumerPortfolioSegmentMember" xlink:label="us-gaap_ConsumerPortfolioSegmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsumerPortfolioSegmentMember" xlink:to="us-gaap_ConsumerPortfolioSegmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsumerPortfolioSegmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consumer Portfolio Segment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsumerPortfolioSegmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CreditRatingStandardPoorsAxis" xlink:label="srt_CreditRatingStandardPoorsAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CreditRatingStandardPoorsAxis" xlink:to="srt_CreditRatingStandardPoorsAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CreditRatingStandardPoorsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Rating, Standard & Poor's [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ExternalCreditRatingStandardPoorsMember" xlink:label="srt_ExternalCreditRatingStandardPoorsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ExternalCreditRatingStandardPoorsMember" xlink:to="srt_ExternalCreditRatingStandardPoorsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ExternalCreditRatingStandardPoorsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> External Credit Rating, Standard & Poor's [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StandardPoorsAMinusAndAboveRatingMember" xlink:label="plic_StandardPoorsAMinusAndAboveRatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StandardPoorsAMinusAndAboveRatingMember" xlink:to="plic_StandardPoorsAMinusAndAboveRatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StandardPoorsAMinusAndAboveRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A- credit rating and above as defined by the external credit rating agency, Standard and Poor's. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StandardPoorsAMinusAndAboveRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A- and above </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StandardPoorsBBBPlusThruBBBMinusRatingMember" xlink:label="plic_StandardPoorsBBBPlusThruBBBMinusRatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StandardPoorsBBBPlusThruBBBMinusRatingMember" xlink:to="plic_StandardPoorsBBBPlusThruBBBMinusRatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StandardPoorsBBBPlusThruBBBMinusRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> BBB+ credit rating through BBB- credit rating as defined by the external credit rating agency, Standard and Poor's. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StandardPoorsBBBPlusThruBBBMinusRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> BBB+ thru BBB- </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StandardPoorsBBPlusThruBBMinusRatingMember" xlink:label="plic_StandardPoorsBBPlusThruBBMinusRatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StandardPoorsBBPlusThruBBMinusRatingMember" xlink:to="plic_StandardPoorsBBPlusThruBBMinusRatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StandardPoorsBBPlusThruBBMinusRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> BB+ credit rating through BB- credit rating as defined by the external credit rating agency, Standard and Poor's. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StandardPoorsBBPlusThruBBMinusRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> BB+ thru BB- </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StandardPoorsBPlusAndBelowRatingMember" xlink:label="plic_StandardPoorsBPlusAndBelowRatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StandardPoorsBPlusAndBelowRatingMember" xlink:to="plic_StandardPoorsBPlusAndBelowRatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StandardPoorsBPlusAndBelowRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> B+ credit rating and below as defined by the external credit rating agency, Standard and Poor's. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StandardPoorsBPlusAndBelowRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> B+ and below </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialInstrumentPerformanceStatusAxis" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentPerformanceStatusAxis" xlink:to="us-gaap_FinancialInstrumentPerformanceStatusAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instrument Performance Status [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialInstrumentPerformanceStatusDomain" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentPerformanceStatusDomain" xlink:to="us-gaap_FinancialInstrumentPerformanceStatusDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instrument Performance Status [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PerformingMember" xlink:label="plic_PerformingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PerformingMember" xlink:to="plic_PerformingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PerformingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loans that are current and less than 90 days delinquent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PerformingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Performing </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NonperformingMember" xlink:label="plic_NonperformingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NonperformingMember" xlink:to="plic_NonperformingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NonperformingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loans 90 days and greater delinquent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NonperformingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-performing </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableRecordedInvestmentLineItems" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentLineItems" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Credit Quality Indicator [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Credit Quality Indicator </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossByOriginationYearAbstract" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossByOriginationYearAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossByOriginationYearAbstract" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossByOriginationYearAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossByOriginationYearAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossByOriginationYearAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Vintage year, Mortgage loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2023 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2022 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2021 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2020 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2019 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear" xlink:label="plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear" xlink:to="plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized cost excluding accrued interest of financing receivable originated five years prior to current fiscal year. Excludes net investment in lease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Excluding Accrued Interest Year Six Originated Five Years Before Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2018 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Prior </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans, Total amortized cost </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DaysDelinquentNonperforming" xlink:label="plic_DaysDelinquentNonperforming" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DaysDelinquentNonperforming" xlink:to="plic_DaysDelinquentNonperforming_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DaysDelinquentNonperforming_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The numbers of days for which a mortgage loan has been delinquent such that it is considered non-performing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DaysDelinquentNonperforming_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Days Delinquent Nonperforming </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DaysDelinquentNonperforming_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans, delinquent to be considered non-performing (in days) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFinancingReceivablesPastDueTable" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivablesPastDueTable" xlink:to="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Financing Receivables Past Due [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Aging [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:to="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivables, Period Past Due [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:to="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivables, Period Past Due [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivables30To59DaysPastDueMember" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivables30To59DaysPastDueMember" xlink:to="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 30 to 59 Days Past Due </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivables60To89DaysPastDueMember" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivables60To89DaysPastDueMember" xlink:to="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 60 to 89 Days Past Due </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:to="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 90 Days or More Past Due </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialAssetPastDueMember" xlink:label="us-gaap_FinancialAssetPastDueMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialAssetPastDueMember" xlink:to="us-gaap_FinancialAssetPastDueMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialAssetPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Asset, Past Due [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialAssetPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Past Due </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialAssetNotPastDueMember" xlink:label="us-gaap_FinancialAssetNotPastDueMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialAssetNotPastDueMember" xlink:to="us-gaap_FinancialAssetNotPastDueMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialAssetNotPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Asset, Not Past Due [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialAssetNotPastDueMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Recorded Investment, Past Due [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing receivables, non-accrual and aging disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus" xlink:to="plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized cost of financing receivable on nonaccrual status. Includes net investment in lease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable And Net Investment In Lease Recorded Investment Nonaccrual Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing receivables, Non-accrual status </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance" xlink:to="plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized cost of financing receivable on nonaccrual status with no allowance for credit loss. Includes net investment in lease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable And Net Investment In Lease Nonaccrual No Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing receivables, Non-accrual assets without a valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableNonaccrualInterestIncome" xlink:label="us-gaap_FinancingReceivableNonaccrualInterestIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableNonaccrualInterestIncome" xlink:to="us-gaap_FinancingReceivableNonaccrualInterestIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableNonaccrualInterestIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Nonaccrual, Interest Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableNonaccrualInterestIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing receivables, Nonaccrual, Interest Income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing" xlink:to="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, 90 Days or More Past Due, Still Accruing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans, Recorded investment 90 days or more past due and accruing </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable" xlink:label="us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable" xlink:to="us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Financing Receivable, Allowance for Credit Losses [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherFinancingReceivablesMember" xlink:label="plic_OtherFinancingReceivablesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherFinancingReceivablesMember" xlink:to="plic_OtherFinancingReceivablesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherFinancingReceivablesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for other financing receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherFinancingReceivablesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other financing receivables </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems" xlink:to="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Allowance for Credit Losses [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing receivable valuation allowance disclosures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans and reinsurance recoverables, Changes in financing receivable valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" xlink:to="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, Financing receivable valuation allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, Financing receivable valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Provision: Financing receivable valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Charge-offs: Financing receivable valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery" xlink:to="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recoveries: Financing receivable valuation allowance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DaysDelinquentValuationAllowance" xlink:label="plic_DaysDelinquentValuationAllowance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DaysDelinquentValuationAllowance" xlink:to="plic_DaysDelinquentValuationAllowance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DaysDelinquentValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The numbers of days for which a mortgage loan has been delinquent such that it is analyzed to determine if a valuation allowance is needed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DaysDelinquentValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Days Delinquent Valuation Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DaysDelinquentValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans, Days delinquent to be analyzed for valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage Loans [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis" xlink:label="srt_StatementGeographicalAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementGeographicalAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Geographical [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain" xlink:label="srt_SegmentGeographicalDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SegmentGeographicalDomain" xlink:to="srt_SegmentGeographicalDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SegmentGeographicalDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Geographical [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NewEnglandMember" xlink:label="plic_NewEnglandMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NewEnglandMember" xlink:to="plic_NewEnglandMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NewEnglandMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the New England region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NewEnglandMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> New England </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MiddleAtlanticMember" xlink:label="plic_MiddleAtlanticMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MiddleAtlanticMember" xlink:to="plic_MiddleAtlanticMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MiddleAtlanticMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the Middle Atlantic region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MiddleAtlanticMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Middle Atlantic </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EastNorthCentralMember" xlink:label="plic_EastNorthCentralMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EastNorthCentralMember" xlink:to="plic_EastNorthCentralMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EastNorthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the East North Central region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EastNorthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> East North Central </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_WestNorthCentralMember" xlink:label="plic_WestNorthCentralMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_WestNorthCentralMember" xlink:to="plic_WestNorthCentralMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_WestNorthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the West North Central region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_WestNorthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> West North Central </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SouthAtlanticMember" xlink:label="plic_SouthAtlanticMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SouthAtlanticMember" xlink:to="plic_SouthAtlanticMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SouthAtlanticMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the South Atlantic region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SouthAtlanticMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> South Atlantic </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EastSouthCentralMember" xlink:label="plic_EastSouthCentralMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EastSouthCentralMember" xlink:to="plic_EastSouthCentralMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EastSouthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the East South Central region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EastSouthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> East South Central </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_WestSouthCentralMember" xlink:label="plic_WestSouthCentralMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_WestSouthCentralMember" xlink:to="plic_WestSouthCentralMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_WestSouthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the West South Central region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_WestSouthCentralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> West South Central </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MountainMember" xlink:label="plic_MountainMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MountainMember" xlink:to="plic_MountainMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MountainMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the Mountain region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MountainMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mountain </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PacificMember" xlink:label="plic_PacificMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PacificMember" xlink:to="plic_PacificMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PacificMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the Pacific region of the United States. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PacificMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pacific </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:label="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:to="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate, Type of Property [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OfficeBuildingMember" xlink:label="srt_OfficeBuildingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OfficeBuildingMember" xlink:to="srt_OfficeBuildingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_OfficeBuildingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Office </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RetailSiteMember" xlink:label="srt_RetailSiteMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RetailSiteMember" xlink:to="srt_RetailSiteMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RetailSiteMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retail </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_IndustrialPropertyMember" xlink:label="srt_IndustrialPropertyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_IndustrialPropertyMember" xlink:to="srt_IndustrialPropertyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_IndustrialPropertyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Industrial </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ApartmentBuildingMember" xlink:label="srt_ApartmentBuildingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ApartmentBuildingMember" xlink:to="srt_ApartmentBuildingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ApartmentBuildingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Apartments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_HotelMember" xlink:label="srt_HotelMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_HotelMember" xlink:to="srt_HotelMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_HotelMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hotel </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OtherPropertyMember" xlink:label="srt_OtherPropertyMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OtherPropertyMember" xlink:to="srt_OtherPropertyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_OtherPropertyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mixed use/other </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_AccountsNotesAndLoansReceivableLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accounts, Notes, Loans and Financing Receivable [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loan disclosures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableSignificantPurchases" xlink:label="us-gaap_FinancingReceivableSignificantPurchases" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableSignificantPurchases" xlink:to="us-gaap_FinancingReceivableSignificantPurchases_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableSignificantPurchases_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Significant Purchases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableSignificantPurchases_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans, purchased </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableSignificantSales" xlink:label="us-gaap_FinancingReceivableSignificantSales" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableSignificantSales" xlink:to="us-gaap_FinancingReceivableSignificantSales_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableSignificantSales_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Significant Sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableSignificantSales_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage loans, sold </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PercentageOfMortgageLoans" xlink:label="plic_PercentageOfMortgageLoans" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PercentageOfMortgageLoans" xlink:to="plic_PercentageOfMortgageLoans_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PercentageOfMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the specific geographic distribution or property type distribution amount as a percentage of the total amortized cost of mortgage loans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PercentageOfMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Percentage of Mortgage Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PercentageOfMortgageLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Percent of mortgage loans (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFinancingReceivableTroubledDebtRestructuringsTable" xlink:label="us-gaap_ScheduleOfFinancingReceivableTroubledDebtRestructuringsTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivableTroubledDebtRestructuringsTable" xlink:to="us-gaap_ScheduleOfFinancingReceivableTroubledDebtRestructuringsTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFinancingReceivableTroubledDebtRestructuringsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Financing Receivable, Troubled Debt Restructurings [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableModificationsLineItems" xlink:label="us-gaap_FinancingReceivableModificationsLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableModificationsLineItems" xlink:to="us-gaap_FinancingReceivableModificationsLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableModificationsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Modified [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableModificationsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgage Loan Modifications </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts" xlink:label="plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts" xlink:to="plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Number of financing receivables that have been modified by troubled debt restructurings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable Troubled Debt Restructuring Modifications Number Of Contracts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FinancingReceivableTroubledDebtRestructuringModificationsNumberOfContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Number of contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancingReceivableModificationsRecordedInvestment" xlink:label="us-gaap_FinancingReceivableModificationsRecordedInvestment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableModificationsRecordedInvestment" xlink:to="us-gaap_FinancingReceivableModificationsRecordedInvestment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableModificationsRecordedInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financing Receivable, Troubled Debt Restructuring </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableModificationsRecordedInvestment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recorded investment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Equity Method Investments [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Equity Method Investments [Line Items] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateInvestmentsAbstract" xlink:label="us-gaap_RealEstateInvestmentsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentsAbstract" xlink:to="us-gaap_RealEstateInvestmentsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate Investments, Net [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RealEstateDepreciationExpense" xlink:label="plic_RealEstateDepreciationExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RealEstateDepreciationExpense" xlink:to="plic_RealEstateDepreciationExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RealEstateDepreciationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of depreciation expense on real estate for the period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RealEstateDepreciationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate Depreciation Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RealEstateDepreciationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Depreciation expense on invested real estate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RealEstateInvestmentAccumulatedDepreciation" xlink:label="plic_RealEstateInvestmentAccumulatedDepreciation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RealEstateInvestmentAccumulatedDepreciation" xlink:to="plic_RealEstateInvestmentAccumulatedDepreciation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RealEstateInvestmentAccumulatedDepreciation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount as of the balance sheet date of accumulated depreciation pertaining to invested real estate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RealEstateInvestmentAccumulatedDepreciation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate Investment, Accumulated Depreciation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RealEstateInvestmentAccumulatedDepreciation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated depreciation on invested real estate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment, Name [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_EquityMethodInvesteeNameDomain" xlink:label="srt_EquityMethodInvesteeNameDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_EquityMethodInvesteeNameDomain" xlink:to="srt_EquityMethodInvesteeNameDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment, Name [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember" xlink:label="plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember" xlink:to="plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments including interests in unconsolidated entities, domestic and international joint ventures and partnerships and properties owned jointly with venture partners and operated by the partners. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investments Net Investment In Unconsolidated Entities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EquityMethodInvestmentsNetInvestmentInUnconsolidatedEntitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Investment in unconsolidated entities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:to="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investment, Nonconsolidated Investee [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:to="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investment, Nonconsolidated Investee [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember" xlink:to="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investment, Nonconsolidated Investee or Group of Investees </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investment, Summarized Financial Information [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summarized financial information of unconsolidated entities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets" xlink:to="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investment, Underlying Equity in Net Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net investment in unconsolidated entities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss" xlink:label="plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss" xlink:to="plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity Method Investment Summarized Financial Information Proportionate Share Of Net Income Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EquityMethodInvestmentSummarizedFinancialInformationProportionateShareOfNetIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Our share of net income of unconsolidated entities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherTypesOfInvestmentsAbstract" xlink:label="plic_OtherTypesOfInvestmentsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherTypesOfInvestmentsAbstract" xlink:to="plic_OtherTypesOfInvestmentsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherTypesOfInvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherTypesOfInvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Types of Investments [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherTypesOfInvestmentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Types of Investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashSurrenderValueOfLifeInsurance" xlink:label="us-gaap_CashSurrenderValueOfLifeInsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashSurrenderValueOfLifeInsurance" xlink:to="us-gaap_CashSurrenderValueOfLifeInsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashSurrenderValueOfLifeInsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Surrender Value of Life Insurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashSurrenderValueOfLifeInsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash surrender value of company owned life insurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PledgedStatusAxis" xlink:label="us-gaap_PledgedStatusAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PledgedStatusAxis" xlink:to="us-gaap_PledgedStatusAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PledgedStatusAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pledged Status [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PledgedStatusDomain" xlink:label="us-gaap_PledgedStatusDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PledgedStatusDomain" xlink:to="us-gaap_PledgedStatusDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PledgedStatusDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pledged Status [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetPledgedAsCollateralMember" xlink:label="us-gaap_AssetPledgedAsCollateralMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetPledgedAsCollateralMember" xlink:to="us-gaap_AssetPledgedAsCollateralMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetPledgedAsCollateralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Pledged as Collateral [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetPledgedAsCollateralMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pledged as collateral </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetPledgedAsCollateralWithRightMember" xlink:label="us-gaap_AssetPledgedAsCollateralWithRightMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetPledgedAsCollateralWithRightMember" xlink:to="us-gaap_AssetPledgedAsCollateralWithRightMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetPledgedAsCollateralWithRightMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Pledged as Collateral with Right [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetPledgedAsCollateralWithRightMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pledged as collateral with right to be sold or repledged </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PledgingPurposeAxis" xlink:label="us-gaap_PledgingPurposeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PledgingPurposeAxis" xlink:to="us-gaap_PledgingPurposeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PledgingPurposeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pledging Purpose [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PledgingPurposeDomain" xlink:label="us-gaap_PledgingPurposeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PledgingPurposeDomain" xlink:to="us-gaap_PledgingPurposeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PledgingPurposeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pledging Purpose [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FederalHomeLoanBankAdvancesMember" xlink:label="us-gaap_FederalHomeLoanBankAdvancesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalHomeLoanBankAdvancesMember" xlink:to="us-gaap_FederalHomeLoanBankAdvancesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FederalHomeLoanBankAdvancesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Federal Home Loan Bank Advances [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FederalHomeLoanBankAdvancesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreements with Federal Home Loan Bank </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract" xlink:to="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments Owned and Pledged as Collateral [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Securities Posted as Collateral </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FixedMaturitiesPledgedAsCollateral" xlink:label="plic_FixedMaturitiesPledgedAsCollateral" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FixedMaturitiesPledgedAsCollateral" xlink:to="plic_FixedMaturitiesPledgedAsCollateral_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FixedMaturitiesPledgedAsCollateral_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount as of the balance sheet date of fixed maturity securities that have been pledged as collateral for a reinsurance arrangement, derivative credit support annex agreements, Futures Commission Merchant agreements, a lending arrangement and an obligation under funding agreements with Federal Home Loan Bank of Des Moines. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FixedMaturitiesPledgedAsCollateral_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed Maturities Pledged as Collateral </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FixedMaturitiesPledgedAsCollateral_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities available-for-sale and trading securities posted as collateral for a reinsurance arrangement, derivative credit support annex (collateral) agreements, Futures Commission Merchant agreements, a lending arrangement and an obligation under funding agreements with Federal Home Loan Bank of Des Moines </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialInstrumentsOwnedAtFairValue" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedAtFairValue" xlink:to="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments Owned and Pledged as Collateral, Amount Eligible to be Repledged by Counterparty </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Securities posted as collateral eligible to be sold or repledged </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OffsettingAssetsTable" xlink:label="us-gaap_OffsettingAssetsTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingAssetsTable" xlink:to="us-gaap_OffsettingAssetsTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingAssetsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Offsetting Assets [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialAssetTypeAxis" xlink:label="plic_FinancialAssetTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialAssetTypeAxis" xlink:to="plic_FinancialAssetTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialAssetTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Information by type of financial asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialAssetTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Asset Type [Axis] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialAssetTypeCategorizationDomain" xlink:label="plic_FinancialAssetTypeCategorizationDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialAssetTypeCategorizationDomain" xlink:to="plic_FinancialAssetTypeCategorizationDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialAssetTypeCategorizationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Categorization of financial assets by asset type. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialAssetTypeCategorizationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Asset Type Categorization [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:label="us-gaap_DerivativeFinancialInstrumentsAssetsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:to="us-gaap_DerivativeFinancialInstrumentsAssetsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeFinancialInstrumentsAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReverseRepurchaseAgreementMember" xlink:label="plic_ReverseRepurchaseAgreementMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReverseRepurchaseAgreementMember" xlink:to="plic_ReverseRepurchaseAgreementMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReverseRepurchaseAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Securities or other assets purchased under reverse repurchase agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReverseRepurchaseAgreementMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reverse repurchase agreements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OffsettingAssetsLineItems" xlink:label="us-gaap_OffsettingAssetsLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingAssetsLineItems" xlink:to="us-gaap_OffsettingAssetsLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingAssetsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Offsetting Assets [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingAssetsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Asset Offsetting </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GrossAmountRecognizedAssetsSubjectToNetting" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNetting" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GrossAmountRecognizedAssetsSubjectToNetting" xlink:to="plic_GrossAmountRecognizedAssetsSubjectToNetting_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of derivative and other financial assets (reverse repurchase agreements and securities lending transactions) subject to master netting agreements or similar agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Amount Recognized Assets Subject to Netting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross amount of recognized assets subject to netting agreements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset" xlink:to="plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of financial liabilities that offset derivative and other financial assets (reverse repurchase agreements and securities lending transactions) subject to master netting agreements or similar agreements, elected not to be offset in the statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Amount Recognized Assets Subject to Netting Not Off set </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_GrossAmountRecognizedAssetsSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of liabilities that offset the gross amount of assets subject to netting agreements not offset in statement of financial position </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CollateralReceivedAssetsSubjectToNettingNotOffset" xlink:label="plic_CollateralReceivedAssetsSubjectToNettingNotOffset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CollateralReceivedAssetsSubjectToNettingNotOffset" xlink:to="plic_CollateralReceivedAssetsSubjectToNettingNotOffset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CollateralReceivedAssetsSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral received for derivative and other financial assets (reverse repurchase agreements and securities lending transactions) subject to master netting agreements or similar agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CollateralReceivedAssetsSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral Received Assets Subject to Netting Not Offset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_CollateralReceivedAssetsSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral received, financial assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetAmountAssetsSubjectToNetting" xlink:label="plic_NetAmountAssetsSubjectToNetting" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetAmountAssetsSubjectToNetting" xlink:to="plic_NetAmountAssetsSubjectToNetting_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetAmountAssetsSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of derivative and other financial assets (reverse repurchase agreements and securities lending transactions) subject to master netting agreements or similar agreements, net of offsetting liabilities and collateral received. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetAmountAssetsSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Amount Assets Subject to Netting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_NetAmountAssetsSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net amount of assets subject to netting agreements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OffsettingLiabilitiesTable" xlink:label="us-gaap_OffsettingLiabilitiesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingLiabilitiesTable" xlink:to="us-gaap_OffsettingLiabilitiesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingLiabilitiesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Offsetting Liabilities [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialLiabilityTypeAxis" xlink:label="plic_FinancialLiabilityTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialLiabilityTypeAxis" xlink:to="plic_FinancialLiabilityTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialLiabilityTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Information by type of financial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialLiabilityTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Liability Type [Axis] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialLiabilityTypeCategorizationDomain" xlink:label="plic_FinancialLiabilityTypeCategorizationDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialLiabilityTypeCategorizationDomain" xlink:to="plic_FinancialLiabilityTypeCategorizationDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialLiabilityTypeCategorizationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Categorization of financial liabilities by liability type. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialLiabilityTypeCategorizationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Liability Type Categorization [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:label="us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:to="us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OffsettingLiabilitiesLineItems" xlink:label="us-gaap_OffsettingLiabilitiesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingLiabilitiesLineItems" xlink:to="us-gaap_OffsettingLiabilitiesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingLiabilitiesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Offsetting Liabilities [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingLiabilitiesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Liability Offsetting </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GrossAmountRecognizedLiabilitiesSubjectToNetting" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNetting" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GrossAmountRecognizedLiabilitiesSubjectToNetting" xlink:to="plic_GrossAmountRecognizedLiabilitiesSubjectToNetting_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of derivative and other financial liabilities (repurchase agreements and securities borrowing transactions) subject to master netting agreements or similar agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Amount Recognized Liabilities Subject to Netting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross amount of recognized liabilities subject to netting agreements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset" xlink:to="plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of financial assets that offset derivative and other financial liabilities (repurchase agreements and securities borrowing transactions) subject to master netting agreements or similar agreements, elected not to be offset in the statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Amount Recognized Liabilities Subject to Netting Not Offset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_GrossAmountRecognizedLiabilitiesSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of assets that offset the gross amount of liabilities subject to netting agreements not offset in statement of financial position </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset" xlink:label="plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset" xlink:to="plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral received for derivative and other financial liabilities (repurchase agreements and securities borrowing transactions) subject to master netting agreements or similar agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral Pledged Liabilities Subject to Netting Not Offset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_CollateralPledgedLiabilitiesSubjectToNettingNotOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral pledged, financial liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetAmountLiabilitiesSubjectToNetting" xlink:label="plic_NetAmountLiabilitiesSubjectToNetting" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetAmountLiabilitiesSubjectToNetting" xlink:to="plic_NetAmountLiabilitiesSubjectToNetting_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetAmountLiabilitiesSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of derivative and other financial liabilities (repurchase agreements and securities borrowing transactions) subject to master netting agreements or similar agreements, net of offsetting assets and collateral pledged. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetAmountLiabilitiesSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Amount Liabilities Subject to Netting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_NetAmountLiabilitiesSubjectToNetting_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net amount of liabilities subject to netting agreements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeNotionalCreditExposureTable" xlink:label="plic_DerivativeNotionalCreditExposureTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeNotionalCreditExposureTable" xlink:to="plic_DerivativeNotionalCreditExposureTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeNotionalCreditExposureTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule that identifies notional amount and credit exposure information by type of derivative contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeNotionalCreditExposureTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Notional Credit Exposure [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="us-gaap_DerivativeInstrumentRiskAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentRiskAxis" xlink:to="us-gaap_DerivativeInstrumentRiskAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instrument [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_DerivativeContractTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Contract [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateSwapMember" xlink:label="us-gaap_InterestRateSwapMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateSwapMember" xlink:to="us-gaap_InterestRateSwapMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateSwapMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate swaps </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InterestRateOptionsMember" xlink:label="plic_InterestRateOptionsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InterestRateOptionsMember" xlink:to="plic_InterestRateOptionsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InterestRateOptionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate options are forward-based contracts that combine interest rate caps and interest rate floors and entitle the purchaser to pay or receive the amounts, if any, by which a specified market rate exceeds a cap strike interest rate or falls below a floor strike interest rate, respectively, at specified dates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InterestRateOptionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate options </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InterestRateForwardsMember" xlink:label="plic_InterestRateForwardsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InterestRateForwardsMember" xlink:to="plic_InterestRateForwardsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InterestRateForwardsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> An interest rate forward contract in which the rate to be paid or received on a specific obligation for a set period, beginning in the future, is set at contract initiation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InterestRateForwardsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate forwards </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InterestRateFutureMember" xlink:label="plic_InterestRateFutureMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InterestRateFutureMember" xlink:to="plic_InterestRateFutureMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InterestRateFutureMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Forward-based contracts to purchase or sell a specified number of contracts at a specified future date or during a specified period at a specified yield. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InterestRateFutureMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate futures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrencySwapMember" xlink:label="us-gaap_CurrencySwapMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrencySwapMember" xlink:to="us-gaap_CurrencySwapMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrencySwapMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Currency swaps </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignExchangeForwardMember" xlink:label="us-gaap_ForeignExchangeForwardMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignExchangeForwardMember" xlink:to="us-gaap_ForeignExchangeForwardMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignExchangeForwardMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Currency forwards </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockOptionMember" xlink:label="us-gaap_StockOptionMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockOptionMember" xlink:to="us-gaap_StockOptionMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockOptionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity options </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SingleStockFutureMember" xlink:label="us-gaap_SingleStockFutureMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SingleStockFutureMember" xlink:to="us-gaap_SingleStockFutureMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SingleStockFutureMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity futures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="us-gaap_CreditDefaultSwapMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDefaultSwapMember" xlink:to="us-gaap_CreditDefaultSwapMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDefaultSwapMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit default swaps </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmbeddedDerivativeFinancialInstrumentsMember" xlink:label="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember" xlink:to="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivative financial instruments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeNotionalCreditExposureLineItems" xlink:label="plic_DerivativeNotionalCreditExposureLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeNotionalCreditExposureLineItems" xlink:to="plic_DerivativeNotionalCreditExposureLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeNotionalCreditExposureLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeNotionalCreditExposureLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Notional Credit Exposure [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DerivativeNotionalCreditExposureLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Financial Instruments, exposure </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InterestRateDerivativesCashExchanged" xlink:label="plic_InterestRateDerivativesCashExchanged" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InterestRateDerivativesCashExchanged" xlink:to="plic_InterestRateDerivativesCashExchanged_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InterestRateDerivativesCashExchanged_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the amount of cash exchanged under the interest rate derivative contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InterestRateDerivativesCashExchanged_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest Rate Derivatives Cash Exchanged </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InterestRateDerivativesCashExchanged_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash exchanged under contract </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InterestRateDerivativesPrincipalPayments" xlink:label="plic_InterestRateDerivativesPrincipalPayments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InterestRateDerivativesPrincipalPayments" xlink:to="plic_InterestRateDerivativesPrincipalPayments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InterestRateDerivativesPrincipalPayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the amount of principal payments made by parties to the interest rate derivative contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InterestRateDerivativesPrincipalPayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest Rate Derivatives Principal Payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InterestRateDerivativesPrincipalPayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Principal payments made under contract </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeCollateralPledged" xlink:label="plic_DerivativeCollateralPledged" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeCollateralPledged" xlink:to="plic_DerivativeCollateralPledged_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeCollateralPledged_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The carrying value as of the balance sheet date of the cash and securities pledged as collateral associated with derivative credit support agreements and Futures Commission Merchant agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeCollateralPledged_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Collateral Pledged </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DerivativeCollateralPledged_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and securities posted under collateral arrangements associated with derivative credit support agreements and Futures Commission Merchant agreements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:to="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative, Net Liability Position, Aggregate Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:label="us-gaap_CollateralAlreadyPostedAggregateFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:to="us-gaap_CollateralAlreadyPostedAggregateFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralAlreadyPostedAggregateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral Already Posted, Aggregate Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CollateralAlreadyPostedAggregateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Collateral and initial margin posted supporting derivatives with credit-risk-related contingent features that were in a liability position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalCollateralAggregateFairValue" xlink:label="us-gaap_AdditionalCollateralAggregateFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalCollateralAggregateFairValue" xlink:to="us-gaap_AdditionalCollateralAggregateFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalCollateralAggregateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Collateral, Aggregate Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalCollateralAggregateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional collateral required to be posted if derivative credit-risk-related contingent features were triggered </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CashCollateralReceivedAssociatedWithDerivatives" xlink:label="plic_CashCollateralReceivedAssociatedWithDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CashCollateralReceivedAssociatedWithDerivatives" xlink:to="plic_CashCollateralReceivedAssociatedWithDerivatives_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CashCollateralReceivedAssociatedWithDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The carrying value as of the balance sheet date of the cash received as collateral associated with derivative credit support annex agreements and Futures Commission Merchant agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CashCollateralReceivedAssociatedWithDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Collateral Received Associated with Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CashCollateralReceivedAssociatedWithDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash collateral received associated with derivative credit support annex agreements and Futures Commission Merchant agreements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeNotionalAmount" xlink:label="us-gaap_DerivativeNotionalAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNotionalAmount" xlink:to="us-gaap_DerivativeNotionalAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative, Notional Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Notional amount </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeCreditExposure" xlink:label="plic_DerivativeCreditExposure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeCreditExposure" xlink:to="plic_DerivativeCreditExposure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeCreditExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount at risk if a counterparty to the derivative instruments does not perform. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeCreditExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Credit Exposure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DerivativeCreditExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross credit exposure </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeCollateralReceived" xlink:label="plic_DerivativeCollateralReceived" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeCollateralReceived" xlink:to="plic_DerivativeCollateralReceived_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeCollateralReceived_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The carrying value as of the balance sheet date of the cash and securities received as collateral associated with derivative credit support agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeCollateralReceived_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative, Collateral Received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DerivativeCollateralReceived_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Less: collateral received </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeNetCreditExposure" xlink:label="plic_DerivativeNetCreditExposure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeNetCreditExposure" xlink:to="plic_DerivativeNetCreditExposure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeNetCreditExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount at risk if a counterparty to the derivative instrument does not perform, after considering collateral received. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeNetCreditExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative, Net Credit Exposure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_DerivativeNetCreditExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net credit exposure </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:to="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Fair Values of Derivative Instruments by Derivative Contract Type [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateContractMember" xlink:label="us-gaap_InterestRateContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateContractMember" xlink:to="us-gaap_InterestRateContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest rate contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignExchangeContractMember" xlink:label="us-gaap_ForeignExchangeContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignExchangeContractMember" xlink:to="us-gaap_ForeignExchangeContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignExchangeContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Foreign exchange contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityContractMember" xlink:label="us-gaap_EquityContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityContractMember" xlink:to="us-gaap_EquityContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditRiskContractMember" xlink:label="us-gaap_CreditRiskContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskContractMember" xlink:to="us-gaap_CreditRiskContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherContractMember" xlink:label="us-gaap_OtherContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherContractMember" xlink:to="us-gaap_OtherContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationAxis" xlink:label="us-gaap_HedgingDesignationAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationAxis" xlink:to="us-gaap_HedgingDesignationAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingDesignationAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedging Designation [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationDomain" xlink:label="us-gaap_HedgingDesignationDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationDomain" xlink:to="us-gaap_HedgingDesignationDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingDesignationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedging Designation [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DesignatedAsHedgingInstrumentMember" xlink:to="us-gaap_DesignatedAsHedgingInstrumentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives designated as hedging instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember" xlink:label="us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember" xlink:to="us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives not designated as hedging instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="us-gaap_DerivativesFairValueLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesFairValueLineItems" xlink:to="us-gaap_DerivativesFairValueLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesFairValueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives, Fair Value [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativesFairValueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivatives, fair value disclosures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement" xlink:label="us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement" xlink:to="us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative instruments, assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative" xlink:label="plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative" xlink:to="plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and elected not to be offset, and funds withheld embedded derivative (asset) liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Liability, Fair Value, Net Liability Including Not Subject to Master Netting Arrangement, Including Funds Withheld Embedded Derivative </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DerivativeLiabilityFairValueNetLiabilityIncludingNotSubjectToMasterNettingArrangementIncludingFundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative instruments, liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts" xlink:label="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts" xlink:to="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the fair value of embedded derivatives that have been bifurcated from an investment host contract or universal life contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Fair Value of Derivative Liability Investment and Universal Life Contracts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment and universal life contracts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DerivativeFairValueOfDerivativeLiabilityInvestmentAndUniversalLifeContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value of embedded derivative liabilities reported with contractholder funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xlink:to="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded Derivative, Fair Value of Embedded Derivative Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value of net (asset) liability embedded derivative reported with funds withheld payable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfCreditDerivativesTable" xlink:label="us-gaap_ScheduleOfCreditDerivativesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCreditDerivativesTable" xlink:to="us-gaap_ScheduleOfCreditDerivativesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCreditDerivativesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Credit Derivatives [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="us-gaap_CreditDerivativesByContractTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativesByContractTypeAxis" xlink:to="us-gaap_CreditDerivativesByContractTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativesByContractTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivatives Contract Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="us-gaap_CreditDerivativesContractTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativesContractTypeDomain" xlink:to="us-gaap_CreditDerivativesContractTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativesContractTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivatives Contract Type [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SingleNameCreditDefaultSwapsMember" xlink:label="plic_SingleNameCreditDefaultSwapsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SingleNameCreditDefaultSwapsMember" xlink:to="plic_SingleNameCreditDefaultSwapsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SingleNameCreditDefaultSwapsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A type of swap transaction used as a credit derivative, where the underlying assets reference a single name or reference security. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SingleNameCreditDefaultSwapsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Single name credit default swaps </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="us-gaap_UnderlyingAssetClassAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnderlyingAssetClassAxis" xlink:to="us-gaap_UnderlyingAssetClassAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnderlyingAssetClassAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Underlying Asset Class [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="us-gaap_UnderlyingAssetClassDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnderlyingAssetClassDomain" xlink:to="us-gaap_UnderlyingAssetClassDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnderlyingAssetClassDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Underlying Asset Class [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SovereignDebtMember" xlink:label="us-gaap_SovereignDebtMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SovereignDebtMember" xlink:to="us-gaap_SovereignDebtMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SovereignDebtMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Sovereign </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StandardPoorsARatingMember" xlink:label="srt_StandardPoorsARatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StandardPoorsARatingMember" xlink:to="srt_StandardPoorsARatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StandardPoorsARatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StandardPoorsBBBRatingMember" xlink:label="srt_StandardPoorsBBBRatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StandardPoorsBBBRatingMember" xlink:to="srt_StandardPoorsBBBRatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StandardPoorsBBBRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> BBB </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StandardPoorsBBRatingMember" xlink:label="srt_StandardPoorsBBRatingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StandardPoorsBBRatingMember" xlink:to="srt_StandardPoorsBBRatingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StandardPoorsBBRatingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> BB </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditDerivativesLineItems" xlink:label="us-gaap_CreditDerivativesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativesLineItems" xlink:to="us-gaap_CreditDerivativesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivatives [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditDerivativesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit derivatives sold disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CreditDerivativeSoldNotional" xlink:label="plic_CreditDerivativeSoldNotional" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CreditDerivativeSoldNotional" xlink:to="plic_CreditDerivativeSoldNotional_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CreditDerivativeSoldNotional_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discloses the notional amount of the credit derivatives sold (or each group of similar credit derivatives) as of the date of the statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CreditDerivativeSoldNotional_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivative Sold, Notional </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CreditDerivativeSoldNotional_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Notional amount </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CreditDerivativesSoldFairValue" xlink:label="plic_CreditDerivativesSoldFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CreditDerivativesSoldFairValue" xlink:to="plic_CreditDerivativesSoldFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CreditDerivativesSoldFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discloses the fair value of the credit derivatives sold (or each group of similar credit derivatives) as of the date of the statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CreditDerivativesSoldFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivatives Sold, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CreditDerivativesSoldFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditDerivativeMaximumExposureUndiscounted" xlink:label="us-gaap_CreditDerivativeMaximumExposureUndiscounted" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativeMaximumExposureUndiscounted" xlink:to="us-gaap_CreditDerivativeMaximumExposureUndiscounted_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativeMaximumExposureUndiscounted_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivative, Maximum Exposure, Undiscounted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditDerivativeMaximumExposureUndiscounted_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum future payments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CreditDerivativesSoldWeightedAverageExpectedLife" xlink:label="plic_CreditDerivativesSoldWeightedAverageExpectedLife" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CreditDerivativesSoldWeightedAverageExpectedLife" xlink:to="plic_CreditDerivativesSoldWeightedAverageExpectedLife_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CreditDerivativesSoldWeightedAverageExpectedLife_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the weighted-average expected life in years for credit derivatives sold. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CreditDerivativesSoldWeightedAverageExpectedLife_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Derivatives Sold, Weighted Average Expected Life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CreditDerivativesSoldWeightedAverageExpectedLife_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average expected life </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instruments and Hedging Activities Disclosures [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialPositionAxis" xlink:label="plic_FinancialPositionAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialPositionAxis" xlink:to="plic_FinancialPositionAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialPositionAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Information by location on financial position (statement of financial position). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialPositionAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Position [Axis] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialPositionDomain" xlink:label="plic_FinancialPositionDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialPositionDomain" xlink:to="plic_FinancialPositionDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialPositionDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Location in the financial position (statement of financial position). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialPositionDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Position [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FixedMaturitiesSecuritiesAvailableForSaleMember" xlink:label="plic_FixedMaturitiesSecuritiesAvailableForSaleMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FixedMaturitiesSecuritiesAvailableForSaleMember" xlink:to="plic_FixedMaturitiesSecuritiesAvailableForSaleMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FixedMaturitiesSecuritiesAvailableForSaleMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> For an unclassified balance sheet, total of debt securities categorized neither as held-to-maturity nor trading. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FixedMaturitiesSecuritiesAvailableForSaleMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FixedMaturitiesSecuritiesAvailableForSaleMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentContractMember" xlink:label="plic_InvestmentContractMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentContractMember" xlink:to="plic_InvestmentContractMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivatives that have been bifurcated from an investment host contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentContractMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instruments and Hedging Activities Disclosures [Line Items] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfFairValueHedgeActivityAbstract" xlink:label="us-gaap_SummaryOfFairValueHedgeActivityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfFairValueHedgeActivityAbstract" xlink:to="us-gaap_SummaryOfFairValueHedgeActivityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfFairValueHedgeActivityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Fair Value Hedge Activity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfFairValueHedgeActivityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Hedges </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedAssetFairValueHedge" xlink:label="us-gaap_HedgedAssetFairValueHedge" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedAssetFairValueHedge" xlink:to="us-gaap_HedgedAssetFairValueHedge_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedAssetFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Fair Value Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedAssetFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount of hedged asset - Active hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedAssetStatementOfFinancialPositionExtensibleEnumeration" xlink:label="us-gaap_HedgedAssetStatementOfFinancialPositionExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedAssetStatementOfFinancialPositionExtensibleEnumeration" xlink:to="us-gaap_HedgedAssetStatementOfFinancialPositionExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedAssetStatementOfFinancialPositionExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Statement of Financial Position [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_HedgedAssetDiscontinuedFairValueHedge" xlink:label="plic_HedgedAssetDiscontinuedFairValueHedge" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_HedgedAssetDiscontinuedFairValueHedge" xlink:to="plic_HedgedAssetDiscontinuedFairValueHedge_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_HedgedAssetDiscontinuedFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of asset previously hedged in a fair value hedging relationship that has been discontinued. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_HedgedAssetDiscontinuedFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Discontinued Fair Value Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_HedgedAssetDiscontinuedFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount of hedged asset - Discontinued hedging relationships </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_HedgedAssetFairValueHedgeIncludingDiscontinued" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinued" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_HedgedAssetFairValueHedgeIncludingDiscontinued" xlink:to="plic_HedgedAssetFairValueHedgeIncludingDiscontinued_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of asset hedged in fair value hedging relationship or previously hedged in a fair value hedging relationship that has been discontinued. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Fair Value Hedge Including Discontinued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount of hedged asset - Active or discontinued hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease" xlink:label="us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease" xlink:to="us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative amount of fair value hedging basis adjustment - Active hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedAssetDiscontinuedFairValueHedgeCumulativeIncreaseDecrease" xlink:label="us-gaap_HedgedAssetDiscontinuedFairValueHedgeCumulativeIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedAssetDiscontinuedFairValueHedgeCumulativeIncreaseDecrease" xlink:to="us-gaap_HedgedAssetDiscontinuedFairValueHedgeCumulativeIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedAssetDiscontinuedFairValueHedgeCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Discontinued Fair Value Hedge, Cumulative Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedAssetDiscontinuedFairValueHedgeCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative amount of fair value hedging basis adjustment - Discontinued hedging relationships </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease" xlink:to="plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of cumulative increase (decrease) in fair value of hedged asset in fair value hedge, attributable to hedged risk, including amount remaining after discontinued hedge. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Fair Value Hedge Including Discontinued, Cumulative Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_HedgedAssetFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative amount of fair value hedging basis adjustment - Active or discontinued hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedLiabilityFairValueHedge" xlink:label="us-gaap_HedgedLiabilityFairValueHedge" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedLiabilityFairValueHedge" xlink:to="us-gaap_HedgedLiabilityFairValueHedge_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedLiabilityFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Liability, Fair Value Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedLiabilityFairValueHedge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount of hedged liability - Active hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration" xlink:label="us-gaap_HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration" xlink:to="us-gaap_HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Liability, Statement of Financial Position [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued" xlink:to="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of liability hedged in fair value hedging relationship or previously hedged in a fair value hedging relationship that has been discontinued. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Liability, Fair Value Hedge Including Discontinued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount of hedged liability - Active or discontinued hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease" xlink:label="us-gaap_HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease" xlink:to="us-gaap_HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative amount of fair value hedging basis adjustment - Active hedging relationships </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease" xlink:to="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of cumulative increase (decrease) in fair value of hedged liability in fair value hedge, attributable to hedged risk, including amount remaining after discontinued hedge. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Liability, Fair Value Hedge Including Discontinued, Cumulative Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_HedgedLiabilityFairValueHedgeIncludingDiscontinuedCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative amount of fair value hedging basis adjustment - Active or discontinued hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedPortfolioAndBeneficialInterestLastOfLayerAmortizedCost" xlink:label="us-gaap_ClosedPortfolioAndBeneficialInterestLastOfLayerAmortizedCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedPortfolioAndBeneficialInterestLastOfLayerAmortizedCost" xlink:to="us-gaap_ClosedPortfolioAndBeneficialInterestLastOfLayerAmortizedCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedPortfolioAndBeneficialInterestLastOfLayerAmortizedCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Portfolio and Beneficial Interest, Last-of-Layer, Amortized Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedPortfolioAndBeneficialInterestLastOfLayerAmortizedCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortized cost basis of closed portfolio used in portfolio layer hedging relationship </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease" xlink:label="us-gaap_HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease" xlink:to="us-gaap_HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Fair Value Hedge, Last-of-Layer, Cumulative Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative basis adjustments associated with portfolio layer hedging relationship </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgedAssetFairValueHedgeLastOfLayerAmount" xlink:label="us-gaap_HedgedAssetFairValueHedgeLastOfLayerAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgedAssetFairValueHedgeLastOfLayerAmount" xlink:to="us-gaap_HedgedAssetFairValueHedgeLastOfLayerAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgedAssetFairValueHedgeLastOfLayerAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedged Asset, Fair Value Hedge, Last-of-Layer, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgedAssetFairValueHedgeLastOfLayerAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of hedged item in portfolio layer hedging relationship </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet" xlink:label="us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet" xlink:to="us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (loss) from components excluded from assessment of fair value hedge effectiveness </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfCashFlowHedgeActivityAbstract" xlink:label="us-gaap_SummaryOfCashFlowHedgeActivityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfCashFlowHedgeActivityAbstract" xlink:to="us-gaap_SummaryOfCashFlowHedgeActivityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfCashFlowHedgeActivityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Cash Flow Hedge Activity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfCashFlowHedgeActivityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Flow Hedges </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1" xlink:label="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1" xlink:to="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum Length of Time Hedged in Cash Flow Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum length of time hedging exposure to variability in future cash flows for forecasted transactions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AociLossCashFlowHedgeCumulativeGainLoss" xlink:label="plic_AociLossCashFlowHedgeCumulativeGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AociLossCashFlowHedgeCumulativeGainLoss" xlink:to="plic_AociLossCashFlowHedgeCumulativeGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AociLossCashFlowHedgeCumulativeGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of accumulated gain (loss) on derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AociLossCashFlowHedgeCumulativeGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aoci Loss Cash Flow Hedge Cumulative Gain Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AociLossCashFlowHedgeCumulativeGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net gains (losses) reported in AOCI related to active cash flow hedges of forecasted transactions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of gain (loss) recognized in AOCI on derivatives in cash flow hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:label="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:to="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net gains (losses) expected to be reclassified from accumulated OCI into net income in the next 12 months </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instruments, Gain (Loss) [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:to="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedging Relationship [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="us-gaap_HedgingRelationshipDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingRelationshipDomain" xlink:to="us-gaap_HedgingRelationshipDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingRelationshipDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Hedging Relationship [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueHedgingMember" xlink:label="us-gaap_FairValueHedgingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueHedgingMember" xlink:to="us-gaap_FairValueHedgingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueHedgingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Hedges </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowHedgingMember" xlink:label="us-gaap_CashFlowHedgingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowHedgingMember" xlink:to="us-gaap_CashFlowHedgingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowHedgingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Flow Hedges </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="us-gaap_IncomeStatementLocationAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Statement Location [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="us-gaap_IncomeStatementLocationDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Statement Location [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetInvestmentIncomeLossMember" xlink:label="plic_NetInvestmentIncomeLossMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetInvestmentIncomeLossMember" xlink:to="plic_NetInvestmentIncomeLossMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetInvestmentIncomeLossMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The net investment income (loss). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetInvestmentIncomeLossMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net investment income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetRealizedCapitalGainsLossesMember" xlink:label="plic_NetRealizedCapitalGainsLossesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetRealizedCapitalGainsLossesMember" xlink:to="plic_NetRealizedCapitalGainsLossesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetRealizedCapitalGainsLossesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The net realized gains or losses on investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetRealizedCapitalGainsLossesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_BenefitsClaimsAndSettlementExpensesMember" xlink:label="plic_BenefitsClaimsAndSettlementExpensesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_BenefitsClaimsAndSettlementExpensesMember" xlink:to="plic_BenefitsClaimsAndSettlementExpensesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_BenefitsClaimsAndSettlementExpensesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_BenefitsClaimsAndSettlementExpensesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification out of Accumulated Other Comprehensive Income [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification out of Accumulated Other Comprehensive Income [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (loss) reclassified from AOCI on derivatives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:to="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instruments, Gain (Loss) [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of derivatives in hedging relationships and the related hedged items on the consolidated statements of operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effect of derivatives not designated as hedging instruments on the consolidated statements of operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfDerivativeInstrumentsImpactOnResultsOfOperationsAbstract" xlink:label="us-gaap_SummaryOfDerivativeInstrumentsImpactOnResultsOfOperationsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfDerivativeInstrumentsImpactOnResultsOfOperationsAbstract" xlink:to="us-gaap_SummaryOfDerivativeInstrumentsImpactOnResultsOfOperationsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfDerivativeInstrumentsImpactOnResultsOfOperationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Derivative Instruments Impact on Results of Operations [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfDerivativeInstrumentsImpactOnResultsOfOperationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gains (losses) recognized for hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1" xlink:to="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (loss) recognized on hedged item </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:to="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (loss) recognized on derivatives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFairValueHedgeIncludedInEffectivenessGainLoss" xlink:label="us-gaap_DerivativeFairValueHedgeIncludedInEffectivenessGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFairValueHedgeIncludedInEffectivenessGainLoss" xlink:to="us-gaap_DerivativeFairValueHedgeIncludedInEffectivenessGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeFairValueHedgeIncludedInEffectivenessGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeFairValueHedgeIncludedInEffectivenessGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of hedged item basis adjustments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyHolderBenefitsAndClaimIncurredNet" xlink:label="plic_PolicyHolderBenefitsAndClaimIncurredNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyHolderBenefitsAndClaimIncurredNet" xlink:to="plic_PolicyHolderBenefitsAndClaimIncurredNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyHolderBenefitsAndClaimIncurredNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyHolderBenefitsAndClaimIncurredNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policy holder Benefits And Claim Incurred Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyHolderBenefitsAndClaimIncurredNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:to="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from accumulated other comprehensive income, pre-tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (loss) reclassified from AOCI on derivatives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" xlink:label="us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (Loss) on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (loss) reclassified from AOCI into net income as a result that a forecasted transaction is no longer probable of occurring </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PeriodicSettlementOnDerivatives" xlink:label="plic_PeriodicSettlementOnDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PeriodicSettlementOnDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of periodic settlements on derivatives recognized in statement of operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PeriodicSettlementOnDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Periodic Settlement on Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PeriodicSettlementOnDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts related to periodic settlements on derivatives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:to="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain (Loss) on Derivative Instruments, Net, Pretax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total gain (loss) recognized for hedging relationships </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:to="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of gain (loss) recognized in net income on derivatives </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedAbstract" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedAbstract" xlink:to="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Assets and Liabilities, Maximum Future Earnings to be Recognized [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities and assets designated to the Closed Block </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilitiesPolicyholderDividendObligation" xlink:label="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendObligation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendObligation" xlink:to="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendObligation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendObligation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities, Policyholder Dividend Obligation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendObligation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities: Policyholder dividend obligation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilitiesAbstract" xlink:label="us-gaap_ClosedBlockLiabilitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilitiesAbstract" xlink:to="us-gaap_ClosedBlockLiabilitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances" xlink:label="us-gaap_ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances" xlink:to="us-gaap_ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities, Future Policy Benefits and Policyholder Account Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockLiabilitiesFuturePolicyBenefitsAndPolicyholderAccountBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities: Future policy benefits and claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilitiesOtherPolicyholderFunds" xlink:label="us-gaap_ClosedBlockLiabilitiesOtherPolicyholderFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilitiesOtherPolicyholderFunds" xlink:to="us-gaap_ClosedBlockLiabilitiesOtherPolicyholderFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilitiesOtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities, Other Policyholder Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockLiabilitiesOtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities: Other policyholder funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilitiesPolicyholderDividendsPayable" xlink:label="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendsPayable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendsPayable" xlink:to="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendsPayable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendsPayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities, Policyholder Dividends Payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockLiabilitiesPolicyholderDividendsPayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities: Policyholder dividends payable </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable" xlink:label="plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable" xlink:to="plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of liabilities allocated to the closed block, classified as current income taxes payable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities, Current Income Taxes Payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ClosedBlockLiabilitiesCurrentIncomeTaxesPayable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities: Income taxes currently payable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilitiesOtherClosedBlockLiabilities" xlink:label="us-gaap_ClosedBlockLiabilitiesOtherClosedBlockLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilitiesOtherClosedBlockLiabilities" xlink:to="us-gaap_ClosedBlockLiabilitiesOtherClosedBlockLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilitiesOtherClosedBlockLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities, Other Closed Block Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockLiabilitiesOtherClosedBlockLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block liabilities: Other liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockLiabilities" xlink:label="us-gaap_ClosedBlockLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockLiabilities" xlink:to="us-gaap_ClosedBlockLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total Closed Block liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockAbstract" xlink:label="us-gaap_AssetsDesignatedToClosedBlockAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockAbstract" xlink:to="us-gaap_AssetsDesignatedToClosedBlockAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets designated to the Closed Block </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue" xlink:label="us-gaap_AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue" xlink:to="us-gaap_AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Fixed Maturity, Available-for-sale, at Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockFixedMaturityAvailableForSaleAtFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Fixed maturities, available-for-sale </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockTradingSecuritiesDebt" xlink:label="us-gaap_AssetsDesignatedToClosedBlockTradingSecuritiesDebt" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockTradingSecuritiesDebt" xlink:to="us-gaap_AssetsDesignatedToClosedBlockTradingSecuritiesDebt_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockTradingSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Trading Securities, Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockTradingSecuritiesDebt_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Fixed maturities, trading </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue" xlink:label="us-gaap_AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue" xlink:to="us-gaap_AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Equity Securities, at Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockEquitySecuritiesAtFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Equity securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate" xlink:label="us-gaap_AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate" xlink:to="us-gaap_AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Mortgage Loans on Real Estate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockMortgageLoansOnRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Mortgage loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockPolicyLoans" xlink:label="us-gaap_AssetsDesignatedToClosedBlockPolicyLoans" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockPolicyLoans" xlink:to="us-gaap_AssetsDesignatedToClosedBlockPolicyLoans_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockPolicyLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Policy Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockPolicyLoans_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Policy loans </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockOtherInvestments" xlink:label="us-gaap_AssetsDesignatedToClosedBlockOtherInvestments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockOtherInvestments" xlink:to="us-gaap_AssetsDesignatedToClosedBlockOtherInvestments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockOtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Other Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockOtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Other investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockInvestments" xlink:label="us-gaap_AssetsDesignatedToClosedBlockInvestments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockInvestments" xlink:to="us-gaap_AssetsDesignatedToClosedBlockInvestments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Total investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockCashAndCashEquivalents" xlink:label="us-gaap_AssetsDesignatedToClosedBlockCashAndCashEquivalents" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockCashAndCashEquivalents" xlink:to="us-gaap_AssetsDesignatedToClosedBlockCashAndCashEquivalents_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockCashAndCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Cash and Cash Equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockCashAndCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockAccruedInvestmentIncome" xlink:label="us-gaap_AssetsDesignatedToClosedBlockAccruedInvestmentIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockAccruedInvestmentIncome" xlink:to="us-gaap_AssetsDesignatedToClosedBlockAccruedInvestmentIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockAccruedInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Accrued Investment Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockAccruedInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Accrued investment income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet" xlink:label="plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet" xlink:to="plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount expected to be recovered from reinsurers for reinsurance agreements pertaining to the closed block for which we use the reinsurance method of accounting and the unaccreted deposit balance for reinsurance agreements for which we use the deposit method of accounting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Reinsurance Recoverable And Deposit Receivables, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AssetsDesignatedToClosedBlockReinsuranceRecoverableAndDepositReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Reinsurance recoverable and deposit receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockPremiumsAndOtherReceivablesNet" xlink:label="us-gaap_AssetsDesignatedToClosedBlockPremiumsAndOtherReceivablesNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockPremiumsAndOtherReceivablesNet" xlink:to="us-gaap_AssetsDesignatedToClosedBlockPremiumsAndOtherReceivablesNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockPremiumsAndOtherReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Premiums and Other Receivables, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockPremiumsAndOtherReceivablesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Premiums due and other receivables </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockDeferredTaxAssetNet" xlink:label="us-gaap_AssetsDesignatedToClosedBlockDeferredTaxAssetNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockDeferredTaxAssetNet" xlink:to="us-gaap_AssetsDesignatedToClosedBlockDeferredTaxAssetNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockDeferredTaxAssetNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Deferred Tax Asset, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockDeferredTaxAssetNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Deferred tax asset </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlockOtherClosedBlockAssets1" xlink:label="us-gaap_AssetsDesignatedToClosedBlockOtherClosedBlockAssets1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlockOtherClosedBlockAssets1" xlink:to="us-gaap_AssetsDesignatedToClosedBlockOtherClosedBlockAssets1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlockOtherClosedBlockAssets1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block, Other Closed Block Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlockOtherClosedBlockAssets1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block assets: Other assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsDesignatedToClosedBlock" xlink:label="us-gaap_AssetsDesignatedToClosedBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsDesignatedToClosedBlock" xlink:to="us-gaap_AssetsDesignatedToClosedBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsDesignatedToClosedBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Designated to Closed Block </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsDesignatedToClosedBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total assets designated to the Closed Block </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock" xlink:label="us-gaap_ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock" xlink:to="us-gaap_ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Excess of Reported Closed Block Liabilities over Assets Designated to Closed Block </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ExcessOfReportedClosedBlockLiabilitiesOverAssetsDesignatedToClosedBlock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Excess of Closed Block liabilities over assets designated to the Closed Block </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockAssetsAndLiabilitiesEffectOnOtherComprehensiveIncome" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesEffectOnOtherComprehensiveIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockAssetsAndLiabilitiesEffectOnOtherComprehensiveIncome" xlink:to="us-gaap_ClosedBlockAssetsAndLiabilitiesEffectOnOtherComprehensiveIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesEffectOnOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Assets and Liabilities, Effect on Other Comprehensive Income (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesEffectOnOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts included in accumulated other comprehensive income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized" xlink:to="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Assets and Liabilities, Maximum Future Earnings to be Recognized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum future earnings to be recognized from Closed Block assets and liabilities, end of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum future earnings to be recognized from Closed Block assets and liabilities, beginning of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum future earnings to be recognized from Closed Block assets and liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsNetResultsAbstract" xlink:label="us-gaap_ClosedBlockOperationsNetResultsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsNetResultsAbstract" xlink:to="us-gaap_ClosedBlockOperationsNetResultsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsNetResultsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Net Results [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsNetResultsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block revenues and expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsRevenueAbstract" xlink:label="us-gaap_ClosedBlockOperationsRevenueAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsRevenueAbstract" xlink:to="us-gaap_ClosedBlockOperationsRevenueAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsRevenueAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Revenue [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsRevenueAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsPremiums" xlink:label="us-gaap_ClosedBlockOperationsPremiums" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsPremiums" xlink:to="us-gaap_ClosedBlockOperationsPremiums_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsPremiums_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Premiums </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsPremiums_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Premiums and other considerations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsNetInvestmentIncome" xlink:label="us-gaap_ClosedBlockOperationsNetInvestmentIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsNetInvestmentIncome" xlink:to="us-gaap_ClosedBlockOperationsNetInvestmentIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsNetInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Net Investment Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsNetInvestmentIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Net investment income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsRealizedInvestmentGainsLosses" xlink:label="us-gaap_ClosedBlockOperationsRealizedInvestmentGainsLosses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsRealizedInvestmentGainsLosses" xlink:to="us-gaap_ClosedBlockOperationsRealizedInvestmentGainsLosses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsRealizedInvestmentGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Realized Investment Gains (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsRealizedInvestmentGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Net realized capital gains (losses) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsRevenue" xlink:label="us-gaap_ClosedBlockOperationsRevenue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsRevenue" xlink:to="us-gaap_ClosedBlockOperationsRevenue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockOperationsRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Total revenues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsBenefitsAndExpenseAbstract" xlink:label="us-gaap_ClosedBlockOperationsBenefitsAndExpenseAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsBenefitsAndExpenseAbstract" xlink:to="us-gaap_ClosedBlockOperationsBenefitsAndExpenseAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsBenefitsAndExpenseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Benefits and Expense [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsBenefitsAndExpenseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expenses </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses" xlink:label="plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses" xlink:to="plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Provision for benefits, claims and claims settlement expenses incurred during the period allocated to an insurance entity's segregated group of participating or dividend-paying policies and contracts (known as a closed block). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations Benefit Claims and Settlement Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ClosedBlockOperationsBenefitClaimsAndSettlementExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Benefits, claims and settlement expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsPolicyholderDividends" xlink:label="us-gaap_ClosedBlockOperationsPolicyholderDividends" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsPolicyholderDividends" xlink:to="us-gaap_ClosedBlockOperationsPolicyholderDividends_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsPolicyholderDividends_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Policyholder Dividends </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsPolicyholderDividends_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Dividends to policyholders </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ClosedBlockOperationsOperatingExpenses" xlink:label="plic_ClosedBlockOperationsOperatingExpenses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ClosedBlockOperationsOperatingExpenses" xlink:to="plic_ClosedBlockOperationsOperatingExpenses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ClosedBlockOperationsOperatingExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating expenses impacting an insurance entity's segregated group of participating or dividend-paying policies and contracts along with the assets allocated to them (known as a closed block). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ClosedBlockOperationsOperatingExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations Operating Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ClosedBlockOperationsOperatingExpenses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Operating expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsBenefitsAndExpense" xlink:label="us-gaap_ClosedBlockOperationsBenefitsAndExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsBenefitsAndExpense" xlink:to="us-gaap_ClosedBlockOperationsBenefitsAndExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsBenefitsAndExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Benefits and Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockOperationsBenefitsAndExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Total expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsResultsBeforeIncomeTaxes" xlink:label="us-gaap_ClosedBlockOperationsResultsBeforeIncomeTaxes" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsResultsBeforeIncomeTaxes" xlink:to="us-gaap_ClosedBlockOperationsResultsBeforeIncomeTaxes_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsResultsBeforeIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Results before Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockOperationsResultsBeforeIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block revenues, net of Closed Block expenses, before income taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsIncomeTaxes" xlink:label="us-gaap_ClosedBlockOperationsIncomeTaxes" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsIncomeTaxes" xlink:to="us-gaap_ClosedBlockOperationsIncomeTaxes_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockOperationsIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block: Income taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockOperationsNetResults" xlink:label="us-gaap_ClosedBlockOperationsNetResults" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockOperationsNetResults" xlink:to="us-gaap_ClosedBlockOperationsNetResults_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockOperationsNetResults_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Operations, Net Results </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockOperationsNetResults_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block revenues, net of Closed Block expenses and income taxes </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAdjustmentsAndOtherTransfers" xlink:label="plic_FundingAdjustmentsAndOtherTransfers" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAdjustmentsAndOtherTransfers" xlink:to="plic_FundingAdjustmentsAndOtherTransfers_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAdjustmentsAndOtherTransfers_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts charged to the closed block during the period necessary to properly fund for certain adjustments, such as face amount and premium increases, due to the adjustable life policies included in the closed block. Also includes other related transfers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAdjustmentsAndOtherTransfers_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Adjustments And Other Transfers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_FundingAdjustmentsAndOtherTransfers_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding adjustments and other transfers </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease" xlink:to="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Assets and Liabilities Maximum Future Earnings to be Recognized, Period Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in maximum future earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedPeriodIncreaseDecrease_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block revenues, net of Closed Block expenses, income taxes and funding adjustments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedRollForward" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedRollForward" xlink:to="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Closed Block Assets and Liabilities, Maximum Future Earnings to be Recognized [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClosedBlockAssetsAndLiabilitiesMaximumFutureEarningsToBeRecognizedRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in maximum future earnings of the Closed Block </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredPolicyAcquisitionCostTable" xlink:label="us-gaap_DeferredPolicyAcquisitionCostTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredPolicyAcquisitionCostTable" xlink:to="us-gaap_DeferredPolicyAcquisitionCostTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredPolicyAcquisitionCostTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Cost [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LongDurationAndShortDurationInsuranceMember" xlink:label="plic_LongDurationAndShortDurationInsuranceMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LongDurationAndShortDurationInsuranceMember" xlink:to="plic_LongDurationAndShortDurationInsuranceMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LongDurationAndShortDurationInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to long duration and short duration insurance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LongDurationAndShortDurationInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Duration and Short Duration Insurance [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LongDurationAndShortDurationInsuranceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-duration and short-duration insurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredPolicyAcquisitionCostLineItems" xlink:label="us-gaap_DeferredPolicyAcquisitionCostLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredPolicyAcquisitionCostLineItems" xlink:to="us-gaap_DeferredPolicyAcquisitionCostLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredPolicyAcquisitionCostLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Cost [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredPolicyAcquisitionCostLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Acquisition Costs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherShortdurationInsuranceProductLineMember" xlink:label="us-gaap_OtherShortdurationInsuranceProductLineMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherShortdurationInsuranceProductLineMember" xlink:to="us-gaap_OtherShortdurationInsuranceProductLineMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherShortdurationInsuranceProductLineMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Duration Insurance, Other [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherShortdurationInsuranceProductLineMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredPolicyAcquisitionCostsExcludingShortDurationContracts" xlink:label="plic_DeferredPolicyAcquisitionCostsExcludingShortDurationContracts" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredPolicyAcquisitionCostsExcludingShortDurationContracts" xlink:to="plic_DeferredPolicyAcquisitionCostsExcludingShortDurationContracts_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredPolicyAcquisitionCostsExcludingShortDurationContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of deferred policy acquisition cost capitalized on contract remaining in force, excluding costs capitalized on short-duration contracts and other balances. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredPolicyAcquisitionCostsExcludingShortDurationContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Policy Acquisition Costs Excluding Short Duration Contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherActuarialBalancesTable" xlink:label="plic_OtherActuarialBalancesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherActuarialBalancesTable" xlink:to="plic_OtherActuarialBalancesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherActuarialBalancesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of information about other actuarial balances, such as unearned revenue liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherActuarialBalancesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Actuarial Balances [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherActuarialBalancesLineItems" xlink:label="plic_OtherActuarialBalancesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherActuarialBalancesLineItems" xlink:to="plic_OtherActuarialBalancesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherActuarialBalancesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherActuarialBalancesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Actuarial Balances [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherActuarialBalancesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Actuarial Balances </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiabilityReinsuranceImpact" xlink:label="plic_UnearnedRevenueLiabilityReinsuranceImpact" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiabilityReinsuranceImpact" xlink:to="plic_UnearnedRevenueLiabilityReinsuranceImpact_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiabilityReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of the unearned revenue liability that is reinsured to another entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiabilityReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability Reinsurance Impact </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_UnearnedRevenueLiabilityReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance impact </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_UnearnedRevenueLiabilityAfterReinsurance" xlink:label="plic_UnearnedRevenueLiabilityAfterReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_UnearnedRevenueLiabilityAfterReinsurance" xlink:to="plic_UnearnedRevenueLiabilityAfterReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_UnearnedRevenueLiabilityAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, after effect of reinsurance, of collected fees or other policyholder assessments, inclusive of cost of insurance charges, administrative charges and other similar fees, for services to be provided in future periods. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_UnearnedRevenueLiabilityAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unearned Revenue Liability After Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="plic_UnearnedRevenueLiabilityAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period after reinsurance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock" xlink:label="plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock" xlink:to="plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the value of a separate account that primarily includes shares of Principal Financial Group, Inc. stock that were allocated and issued to eligible participants of qualified employee benefit plans administered as part of the policy credits issued under the 2001 demutualization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account with Shares of Principal Financial Group Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SeparateAccountWithSharesOfPrincipalFinancialGroupStock_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account that primarily includes shares of Principal Financial Group, Inc. stock that were allocated and issued to eligible participants of qualified employee benefit plans as part of the 2001 demutualization </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:to="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Separate Account Investment [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountAssetCategoryAxis" xlink:label="us-gaap_SeparateAccountAssetCategoryAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountAssetCategoryAxis" xlink:to="us-gaap_SeparateAccountAssetCategoryAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountAssetCategoryAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Asset Category [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountAssetCategoryDomain" xlink:label="us-gaap_SeparateAccountAssetCategoryDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountAssetCategoryDomain" xlink:to="us-gaap_SeparateAccountAssetCategoryDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountAssetCategoryDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Asset Category [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountDebtSecurityMember" xlink:label="us-gaap_SeparateAccountDebtSecurityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountDebtSecurityMember" xlink:to="us-gaap_SeparateAccountDebtSecurityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountDebtSecurityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Debt Security [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountDebtSecurityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountEquitySecurityMember" xlink:label="us-gaap_SeparateAccountEquitySecurityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountEquitySecurityMember" xlink:to="us-gaap_SeparateAccountEquitySecurityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountEquitySecurityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Equity Security [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountEquitySecurityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Equity securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountRealEstateMember" xlink:label="us-gaap_SeparateAccountRealEstateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountRealEstateMember" xlink:to="us-gaap_SeparateAccountRealEstateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountOtherInvestmentsMember" xlink:label="plic_SeparateAccountOtherInvestmentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountOtherInvestmentsMember" xlink:to="plic_SeparateAccountOtherInvestmentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountOtherInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments in which separate account asset is invested. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountOtherInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Other Investments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SeparateAccountOtherInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountCashAndCashEquivalentsMember" xlink:label="us-gaap_SeparateAccountCashAndCashEquivalentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountCashAndCashEquivalentsMember" xlink:to="us-gaap_SeparateAccountCashAndCashEquivalentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Cash and Cash Equivalents [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountOtherAssetsMember" xlink:label="plic_SeparateAccountOtherAssetsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountOtherAssetsMember" xlink:to="plic_SeparateAccountOtherAssetsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountOtherAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other assets in which separate account asset is invested. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountOtherAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Other Assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SeparateAccountOtherAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:to="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Separate Account Investment [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue" xlink:to="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total separate account assets per consolidated statements of financial position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityTable" xlink:label="us-gaap_SeparateAccountLiabilityTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityTable" xlink:to="us-gaap_SeparateAccountLiabilityTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GroupRetirementContractsProductMember" xlink:label="plic_GroupRetirementContractsProductMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GroupRetirementContractsProductMember" xlink:to="plic_GroupRetirementContractsProductMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GroupRetirementContractsProductMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consists primarily of separate account liabilities for the workplace savings and retirement solutions business as well as amounts for the investment only and pension risk transfer businesses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GroupRetirementContractsProductMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Group Retirement Contracts Product [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GroupRetirementContractsProductMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Group retirement contracts </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityLineItems" xlink:label="us-gaap_SeparateAccountLiabilityLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityLineItems" xlink:to="us-gaap_SeparateAccountLiabilityLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Balances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityRollForward" xlink:label="us-gaap_SeparateAccountLiabilityRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityRollForward" xlink:to="us-gaap_SeparateAccountLiabilityRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in separate account liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityPremiumAndDeposit" xlink:label="us-gaap_SeparateAccountLiabilityPremiumAndDeposit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityPremiumAndDeposit" xlink:to="us-gaap_SeparateAccountLiabilityPremiumAndDeposit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityPremiumAndDeposit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Premium and Deposit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityPremiumAndDeposit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and deposits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityPolicyCharge" xlink:label="us-gaap_SeparateAccountLiabilityPolicyCharge" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityPolicyCharge" xlink:to="us-gaap_SeparateAccountLiabilityPolicyCharge_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityPolicyCharge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Policy Charge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SeparateAccountLiabilityPolicyCharge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policy charges </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment" xlink:label="plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment" xlink:to="plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in separate account liability from contract redemption and withdrawal of funds and cash outflow to separate account policyholder from benefit payment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Surrender, Withdrawal and Benefit Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_SeparateAccountLiabilitySurrenderWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Surrenders, withdrawals and benefit payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromInvestedPerformance" xlink:label="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromInvestedPerformance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromInvestedPerformance" xlink:to="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromInvestedPerformance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromInvestedPerformance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Increase (Decrease) from Invested Performance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromInvestedPerformance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment performance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount" xlink:label="plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount" xlink:to="plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of transfer to (from) liability for separate account (to) from general account. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfer To From Separate Account Balance To From General Account </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_TransferToFromSeparateAccountBalanceToFromGeneralAccount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net transfers (to) from general account </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromOtherChange" xlink:label="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromOtherChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromOtherChange" xlink:to="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromOtherChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Increase (Decrease) from Other Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityIncreaseDecreaseFromOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SeparateAccountLiabilityCashSurrenderValueAmount" xlink:label="us-gaap_SeparateAccountLiabilityCashSurrenderValueAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeparateAccountLiabilityCashSurrenderValueAmount" xlink:to="us-gaap_SeparateAccountLiabilityCashSurrenderValueAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeparateAccountLiabilityCashSurrenderValueAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Cash Surrender Value, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeparateAccountLiabilityCashSurrenderValueAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash surrender value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment" xlink:label="plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment" xlink:to="plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in separate account liability from contract redemption and withdrawal of funds and cash outflow to separate account policyholder from benefit payment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account, Liability, Surrenders, Withdrawal and Benefit Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_SeparateAccountLiabilitySurrendersWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Surrenders, withdrawals and benefit payments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ScheduleOfContractHolderFundsTable" xlink:label="plic_ScheduleOfContractHolderFundsTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ScheduleOfContractHolderFundsTable" xlink:to="plic_ScheduleOfContractHolderFundsTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ScheduleOfContractHolderFundsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of information about contract holder funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ScheduleOfContractHolderFundsTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Contract holder Funds [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractHolderFundsLineItems" xlink:label="plic_ContractHolderFundsLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractHolderFundsLineItems" xlink:to="plic_ContractHolderFundsLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractHolderFundsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractHolderFundsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract holder Funds [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractHolderFundsLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract holder Funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderFunds" xlink:label="us-gaap_PolicyholderFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderFunds" xlink:to="us-gaap_PolicyholderFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_PolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder account balance, end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_PolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder account balance, beginning of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total policyholder account balances for contracts with significant insurance risk or investment contracts with significant fee revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total policyholder account value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue" xlink:label="plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue" xlink:to="plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of investment contracts without significant fee revenue reconciling to contractholder funds per consolidated statements of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract holder Funds, Reconciling Items, Investment Contracts without Significant Fee Revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractHolderFundsReconcilingItemsInvestmentContractsWithoutSignificantFeeRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment contracts without significant fee revenue </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives" xlink:label="plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives" xlink:to="plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of embedded derivatives reconciling to contractholder funds per consolidated statements of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract holder Funds, Reconciling Items, Embedded Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractHolderFundsReconcilingItemsEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivatives </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractHolderFundsReconcilingItemsOtherBalances" xlink:label="plic_ContractHolderFundsReconcilingItemsOtherBalances" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractHolderFundsReconcilingItemsOtherBalances" xlink:to="plic_ContractHolderFundsReconcilingItemsOtherBalances_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractHolderFundsReconcilingItemsOtherBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of other balances reconciling to contractholder funds per consolidated statements of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractHolderFundsReconcilingItemsOtherBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract holder Funds, Reconciling Items, Other Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractHolderFundsReconcilingItemsOtherBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other balances </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementTable" xlink:label="plic_FundingAgreementTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementTable" xlink:to="plic_FundingAgreementTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summarization of information related to different funding agreement authorizations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreement [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementAxis" xlink:label="plic_FundingAgreementAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementAxis" xlink:to="plic_FundingAgreementAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Categorization of funding agreements by program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreement [Axis] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementDomain" xlink:label="plic_FundingAgreementDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementDomain" xlink:to="plic_FundingAgreementDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate programs established for issuance of funding agreements to unconsolidated special purpose entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreement [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementsFederalHomeLoanBankDesMoinesMember" xlink:label="plic_FundingAgreementsFederalHomeLoanBankDesMoinesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementsFederalHomeLoanBankDesMoinesMember" xlink:to="plic_FundingAgreementsFederalHomeLoanBankDesMoinesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementsFederalHomeLoanBankDesMoinesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreements issued to the Federal Home Loan Bank of Des Moines under their membership funding programs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementsFederalHomeLoanBankDesMoinesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> FHLB Des Moines funding agreement program </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreement1998ProgramMember" xlink:label="plic_FundingAgreement1998ProgramMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreement1998ProgramMember" xlink:to="plic_FundingAgreement1998ProgramMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreement1998ProgramMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreement program established in 1998 to support the prospective issuance of medium term notes by an unaffiliated entity in non-U.S. markets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreement1998ProgramMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 1998 Funding agreement program </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreement2001ProgramMember" xlink:label="plic_FundingAgreement2001ProgramMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreement2001ProgramMember" xlink:to="plic_FundingAgreement2001ProgramMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreement2001ProgramMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreement program established in 2001 to support the prospective issuance of medium term notes by an unaffiliated entity in both domestic and international markets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreement2001ProgramMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2001 Funding agreement program </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreement2011ProgramMember" xlink:label="plic_FundingAgreement2011ProgramMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreement2011ProgramMember" xlink:to="plic_FundingAgreement2011ProgramMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreement2011ProgramMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreement program established in 2011 to support the prospective issuance of medium term notes by an unaffiliated entity in both domestic and international markets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreement2011ProgramMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2011 Funding agreement program </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementLineItems" xlink:label="plic_FundingAgreementLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementLineItems" xlink:to="plic_FundingAgreementLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreement [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundingAgreementLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreement disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementsProgramsNumber" xlink:label="plic_FundingAgreementsProgramsNumber" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementsProgramsNumber" xlink:to="plic_FundingAgreementsProgramsNumber_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementsProgramsNumber_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The number of programs established to authorize the issuance of funding agreements to support the prospective issuance of medium term notes by unconsolidated special purpose entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementsProgramsNumber_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreements Programs Number </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundingAgreementsProgramsNumber_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Number of separate funding agreement programs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementsAuthorizedAmountMaximum" xlink:label="plic_FundingAgreementsAuthorizedAmountMaximum" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementsAuthorizedAmountMaximum" xlink:to="plic_FundingAgreementsAuthorizedAmountMaximum_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementsAuthorizedAmountMaximum_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum amount authorized for issuance under a funding agreement program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementsAuthorizedAmountMaximum_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreements Authorized Amount Maximum </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundingAgreementsAuthorizedAmountMaximum_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum authorized amount of funding agreements to be issued </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreements" xlink:label="plic_FundingAgreements" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreements" xlink:to="plic_FundingAgreements_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of the liability as of the balance sheet date pertaining to amounts received by the insurer for funding agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundingAgreements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding agreements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundingAgreementsAuthorizedAmountAdditionalMaximum" xlink:label="plic_FundingAgreementsAuthorizedAmountAdditionalMaximum" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundingAgreementsAuthorizedAmountAdditionalMaximum" xlink:to="plic_FundingAgreementsAuthorizedAmountAdditionalMaximum_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundingAgreementsAuthorizedAmountAdditionalMaximum_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional maximum amount authorized for issuance under an existing funding agreement program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundingAgreementsAuthorizedAmountAdditionalMaximum_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funding Agreements Authorized Amount Additional Maximum </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundingAgreementsAuthorizedAmountAdditionalMaximum_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional maximum authorized amount of funding agreements to be issued </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceRollForward" xlink:label="us-gaap_PolicyholderAccountBalanceRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceRollForward" xlink:to="us-gaap_PolicyholderAccountBalanceRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in policyholder account balances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalancePremiumReceived" xlink:label="us-gaap_PolicyholderAccountBalancePremiumReceived" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalancePremiumReceived" xlink:to="us-gaap_PolicyholderAccountBalancePremiumReceived_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalancePremiumReceived_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Premium Received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalancePremiumReceived_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and deposits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalancePolicyCharge" xlink:label="us-gaap_PolicyholderAccountBalancePolicyCharge" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalancePolicyCharge" xlink:to="us-gaap_PolicyholderAccountBalancePolicyCharge_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalancePolicyCharge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Policy Charge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PolicyholderAccountBalancePolicyCharge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policy charges </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment" xlink:label="plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment" xlink:to="plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in liability for policyholder account balance from contract redemption, withdrawal of funds or benefit payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance Surrender Withdrawal And Benefit Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_PolicyholderAccountBalanceSurrenderWithdrawalAndBenefitPayment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Surrenders, withdrawals and benefit payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TransferToFromPolicyholderAccountBalanceToFromSeparateAccount" xlink:label="us-gaap_TransferToFromPolicyholderAccountBalanceToFromSeparateAccount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransferToFromPolicyholderAccountBalanceToFromSeparateAccount" xlink:to="us-gaap_TransferToFromPolicyholderAccountBalanceToFromSeparateAccount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransferToFromPolicyholderAccountBalanceToFromSeparateAccount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfer to (from) Policyholder Account Balance (to) from Separate Account </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_TransferToFromPolicyholderAccountBalanceToFromSeparateAccount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net transfers from (to) separate account </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestCreditedToPolicyholdersAccountBalances" xlink:label="us-gaap_InterestCreditedToPolicyholdersAccountBalances" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCreditedToPolicyholdersAccountBalances" xlink:to="us-gaap_InterestCreditedToPolicyholdersAccountBalances_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestCreditedToPolicyholdersAccountBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestCreditedToPolicyholdersAccountBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest credited </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange" xlink:label="us-gaap_PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange" xlink:to="us-gaap_PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Increase (Decrease) from Other Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceReinsuranceImpact" xlink:label="plic_PolicyholderAccountBalanceReinsuranceImpact" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceReinsuranceImpact" xlink:to="plic_PolicyholderAccountBalanceReinsuranceImpact_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of reinsurance impact on policyholder account balances. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> :Policyholder Account Balance Reinsurance Impact </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_PolicyholderAccountBalanceReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance impact </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderFundsAfterReinsurance" xlink:label="plic_PolicyholderFundsAfterReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderFundsAfterReinsurance" xlink:to="plic_PolicyholderFundsAfterReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderFundsAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, after effect of reinsurance, of policyholder funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderFundsAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Funds After Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="plic_PolicyholderFundsAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder account balance at end of period after reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceWeightedAverageCreditingRate" xlink:label="us-gaap_PolicyholderAccountBalanceWeightedAverageCreditingRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceWeightedAverageCreditingRate" xlink:to="us-gaap_PolicyholderAccountBalanceWeightedAverageCreditingRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceWeightedAverageCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Weighted Average Crediting Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceWeightedAverageCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average crediting rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceNetAmountAtRisk" xlink:label="us-gaap_PolicyholderAccountBalanceNetAmountAtRisk" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceNetAmountAtRisk" xlink:to="us-gaap_PolicyholderAccountBalanceNetAmountAtRisk_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceNetAmountAtRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Net Amount at Risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceNetAmountAtRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net amount at risk </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashSurrenderValueDuePolicyholdersAmount" xlink:label="us-gaap_CashSurrenderValueDuePolicyholdersAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashSurrenderValueDuePolicyholdersAmount" xlink:to="us-gaap_CashSurrenderValueDuePolicyholdersAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashSurrenderValueDuePolicyholdersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Cash Surrender Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashSurrenderValueDuePolicyholdersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash surrender value </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTable" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTable" xlink:to="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember" xlink:label="srt_MinimumMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MinimumMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Minimum </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_MinimumMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Minimum </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateAxis" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateAxis" xlink:to="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, above Guaranteed Minimum Crediting Rate [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateDomain" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateDomain" xlink:to="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, above Guaranteed Minimum Crediting Rate [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMember" xlink:label="us-gaap_PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMember" xlink:to="us-gaap_PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, at Guaranteed Minimum Crediting Rate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> At GMIR </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Member" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Member" xlink:to="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, above Guaranteed Minimum Crediting Rate, Range from 0001 to 0050 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Up to 0.50% above GMIR </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member" xlink:to="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range from 51 basis point to 100 basis points above guaranteed minimum crediting rate on policyholder account balance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, above Guaranteed Minimum Crediting Rate, Range from 0051 to 0100 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0100Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 0.51% to 1.00% above GMIR </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member" xlink:to="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range from 101 basis point to 200 basis points above guaranteed minimum crediting rate on policyholder account balance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, above Guaranteed Minimum Crediting Rate, Range from 0101 to 0200 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 1.01% to 2.00% above GMIR </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember" xlink:to="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range from 201 basis points and greater above guaranteed minimum crediting rate on policyholder account balance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, above Guaranteed Minimum Crediting Rate, Range from 0201 and Greater [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0201AndGreaterMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2.01% or more above GMIR </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeAxis" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeAxis" xlink:to="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate Range [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeDomain" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeDomain" xlink:to="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate Range [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member" xlink:to="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range of guaranteed minimum crediting rate on policyholder account balance up to 1.00 percent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range up to 0100 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeUpTo0100Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Up to 1.00% </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member" xlink:to="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range of guaranteed minimum crediting rate on policyholder account balance from 1.01 percent to 2.00 percent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range from 0101 to 0200 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0101To0200Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 1.01% - 2.00% </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member" xlink:to="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range of guaranteed minimum crediting rate on policyholder account balance from 2.01 percent to 3.00 percent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range from 0201 to 0300 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0201To0300Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2.01% - 3.00% </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member" xlink:to="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range of guaranteed minimum crediting rate on policyholder account balance from 3.01 percent to 4.00 percent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range from 0301 to 0400 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0301To0400Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 3.01% - 4.00% </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember" xlink:to="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Range of guaranteed minimum crediting rate on policyholder account balance from 4.01 percent and greater. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range from 0401 and Greater [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0401AndGreaterMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 4.01% and above </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateLineItems" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateLineItems" xlink:to="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Excess of crediting rates over GMIR </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate" xlink:label="plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate" xlink:to="plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of policyholder funds with guaranteed minimum crediting rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Funds With Guaranteed Minimum Crediting Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderFundsWithGuaranteedMinimumCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder account value with GMIR </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate" xlink:label="plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate" xlink:to="plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of policyholder funds without guaranteed minimum crediting rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Funds Without Guaranteed Minimum Crediting Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PolicyholderFundsWithoutGuaranteedMinimumCreditingRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder account value without GMIR </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditRating" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditRating" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditRating" xlink:to="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditRating_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditRating_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Account Balance, Guaranteed Minimum Credit Rating </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditRating_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> GMIR </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims" xlink:label="plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims" xlink:to="plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of future policy benefits and claims related to participating contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating Contracts, Liability for Future Policy Benefits and Claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ParticipatingContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participating contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims" xlink:label="plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims" xlink:to="plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of future policy benefits and claims related to short-duration contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short Duration Liability For Future Policy Benefits And Claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ShortDurationLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceLiability" xlink:label="plic_CostOfReinsuranceLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceLiability" xlink:to="plic_CostOfReinsuranceLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The reinsurance liability related to the amount of expected net reinsurance costs or profits to be spread over the expected term of the contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost Of Reinsurance, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CostOfReinsuranceLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost of reinsurance liability </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceRecoverableLiability" xlink:label="plic_ReinsuranceRecoverableLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceRecoverableLiability" xlink:to="plic_ReinsuranceRecoverableLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceRecoverableLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represent the amount of reinsurance recoverable liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceRecoverableLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverable Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReinsuranceRecoverableLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverable liability </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims" xlink:label="plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims" xlink:to="plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the other miscellaneous reserves and the impact of unrealized gains (losses) on the additional liability for certain benefit features. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Contracts, Liability for Future Policy Benefits and Claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherContractsLiabilityForFuturePolicyBenefitsAndClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease) [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in unpaid claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:to="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Claims and Claims Adjustment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period, unpaid claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period, unpaid claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for unpaid claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments" xlink:label="us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments" xlink:to="us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverable for Unpaid Claims and Claims Adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period, reinsurance recoverables for unpaid claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period, reinsurance recoverables for unpaid claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net balance at end of period, unpaid claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net balance at beginning of period, unpaid claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurred: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense" xlink:label="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense" xlink:to="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current Year Claims and Claims Adjustment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurred: Current year </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense" xlink:label="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense" xlink:to="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Prior Year Claims and Claims Adjustment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurred: Prior years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total incurred </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments: Current year </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1" xlink:to="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments: Prior years </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:label="us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:to="us-gaap_PaymentsForLossesAndLossAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForLossesAndLossAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsForLossesAndLossAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTable" xlink:label="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTable" xlink:to="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsClaimsDevelopmentTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Claims Development [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsAccidentYearAxis" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYearAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsAccidentYearAxis" xlink:to="us-gaap_ShortdurationInsuranceContractsAccidentYearAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYearAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Accident Year [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsAccidentYearDomain" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYearDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsAccidentYearDomain" xlink:to="us-gaap_ShortdurationInsuranceContractsAccidentYearDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYearDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Accident Year [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsAccidentYear2014Member" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYear2014Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsAccidentYear2014Member" xlink:to="us-gaap_ShortdurationInsuranceContractsAccidentYear2014Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYear2014Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2014 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsAccidentYear2015Member" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYear2015Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsAccidentYear2015Member" xlink:to="us-gaap_ShortdurationInsuranceContractsAccidentYear2015Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYear2015Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2015 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsAccidentYear2016Member" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYear2016Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsAccidentYear2016Member" xlink:to="us-gaap_ShortdurationInsuranceContractsAccidentYear2016Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsAccidentYear2016Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2016 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractsAccidentYear2017Member" xlink:label="us-gaap_ShortDurationInsuranceContractsAccidentYear2017Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractsAccidentYear2017Member" xlink:to="us-gaap_ShortDurationInsuranceContractsAccidentYear2017Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractsAccidentYear2017Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2017 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractsAccidentYear2018Member" xlink:label="us-gaap_ShortDurationInsuranceContractsAccidentYear2018Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractsAccidentYear2018Member" xlink:to="us-gaap_ShortDurationInsuranceContractsAccidentYear2018Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractsAccidentYear2018Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2018 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractAccidentYear2019Member" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2019Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractAccidentYear2019Member" xlink:to="us-gaap_ShortDurationInsuranceContractAccidentYear2019Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2019Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2019 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractAccidentYear2020Member" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2020Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractAccidentYear2020Member" xlink:to="us-gaap_ShortDurationInsuranceContractAccidentYear2020Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2020Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2020 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractAccidentYear2021Member" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2021Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractAccidentYear2021Member" xlink:to="us-gaap_ShortDurationInsuranceContractAccidentYear2021Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2021Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2021 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractAccidentYear2022Member" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2022Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractAccidentYear2022Member" xlink:to="us-gaap_ShortDurationInsuranceContractAccidentYear2022Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2022Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2022 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractAccidentYear2023Member" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2023Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractAccidentYear2023Member" xlink:to="us-gaap_ShortDurationInsuranceContractAccidentYear2023Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2023Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Duration Insurance Contract, Accident Year 2023 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortDurationInsuranceContractAccidentYear2023Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurral year 2023 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClaimsDevelopmentLineItems" xlink:label="us-gaap_ClaimsDevelopmentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClaimsDevelopmentLineItems" xlink:to="us-gaap_ClaimsDevelopmentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClaimsDevelopmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Claims Development [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClaimsDevelopmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Claims Development </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet" xlink:label="us-gaap_ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet" xlink:to="us-gaap_ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Incurred Claims and Allocated Claim Adjustment Expense, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net incurred claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet" xlink:label="us-gaap_ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet" xlink:to="us-gaap_ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Incurred but Not Reported (IBNR) Claims Liability, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Incurred but not reported claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsNumberOfReportedClaims" xlink:label="us-gaap_ShortdurationInsuranceContractsNumberOfReportedClaims" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsNumberOfReportedClaims" xlink:to="us-gaap_ShortdurationInsuranceContractsNumberOfReportedClaims_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsNumberOfReportedClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Number of Reported Claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsNumberOfReportedClaims_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cumulative number of reported claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet" xlink:label="us-gaap_ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet" xlink:to="us-gaap_ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Cumulative Paid Claims and Allocated Claim Adjustment Expense, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net cumulative paid claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented" xlink:to="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net, Not Separately Presented </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for unpaid claims net, not separately presented </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet" xlink:to="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net outstanding liabilities for unpaid claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total outstanding liabilities for unpaid claims net of reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTable" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTable" xlink:to="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityLineItems" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityLineItems" xlink:to="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsReconciliationOfClaimsDevelopmentToLiabilityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Policy Benefits and Claims </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReconciliationOfUnpaidClaimsAbstract" xlink:label="plic_ReconciliationOfUnpaidClaimsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReconciliationOfUnpaidClaimsAbstract" xlink:to="plic_ReconciliationOfUnpaidClaimsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReconciliationOfUnpaidClaimsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReconciliationOfUnpaidClaimsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation Of Unpaid Claims Abstract </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReconciliationOfUnpaidClaimsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciling items </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts" xlink:label="plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts" xlink:to="plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, after valuation allowance, recoverable under reinsurance contracts for losses reported to the ceding insurer but not yet paid and amounts expected for incurred losses and settlement expenses, which have not yet been reported to the ceding insurer, related to short-duration insurance contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverable for Unpaid Claims and Claims Adjustments, Short-duration Insurance Contracts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsShortDurationInsuranceContracts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverable on unpaid claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount" xlink:to="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Discounted Liabilities, Aggregate Discount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Impact of discounting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesAggregateDiscount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate amount of discount </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense" xlink:label="plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense" xlink:to="plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of liability for unallocated claim adjustment expense for short-duration insurance contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Duration Insurance Contracts Liability For Unpaid Claims And Claim Adjustment Expense, Accumulated Unallocated Claim Adjustment Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loss adjustment expense liability </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount" xlink:to="us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Duration Contracts, Discounted Liabilities, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount of liabilities for unpaid claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for unpaid claims - short duration contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForClaimsOtherThanShortDuration" xlink:label="plic_LiabilityForClaimsOtherThanShortDuration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForClaimsOtherThanShortDuration" xlink:to="plic_LiabilityForClaimsOtherThanShortDuration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForClaimsOtherThanShortDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date for contracts other than short duration. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForClaimsOtherThanShortDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability For Claims Other Than Short Duration </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForClaimsOtherThanShortDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Insurance contracts other than short duration </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationTable" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationTable" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationLineItems" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationLineItems" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future Policy Benefits and Claims </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year One </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 1 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 2 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 3 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 4 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 5 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Six </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 6 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Seven </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 7 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Eight </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 8 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Nine </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 9 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen" xlink:to="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Historical Claims Duration, Year Ten </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 10 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesTable" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesTable" xlink:to="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Discounted Liabilities [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesLineItems" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesLineItems" xlink:to="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Discounted Liabilities [Line Items] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationContractsDiscountedLiabilitiesDiscountRate" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesDiscountRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationContractsDiscountedLiabilitiesDiscountRate" xlink:to="us-gaap_ShortDurationContractsDiscountedLiabilitiesDiscountRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Duration Contracts, Discounted Liabilities, Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortDurationContractsDiscountedLiabilitiesDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesInterestAccretion" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesInterestAccretion" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesInterestAccretion" xlink:to="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesInterestAccretion_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesInterestAccretion_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-duration Insurance Contracts, Discounted Liabilities, Interest Accretion </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortdurationInsuranceContractsDiscountedLiabilitiesInterestAccretion_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accretion </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortDurationInsuranceContractDiscountedLiabilityInterestAccretionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration" xlink:label="us-gaap_ShortDurationInsuranceContractDiscountedLiabilityInterestAccretionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortDurationInsuranceContractDiscountedLiabilityInterestAccretionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration" xlink:to="us-gaap_ShortDurationInsuranceContractDiscountedLiabilityInterestAccretionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortDurationInsuranceContractDiscountedLiabilityInterestAccretionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Duration Insurance Contract, Discounted Liability, Interest Accretion, Statement of Financial Position [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitGrossPremiumIncome" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitGrossPremiumIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitGrossPremiumIncome" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitGrossPremiumIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitGrossPremiumIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Gross Premium Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitGrossPremiumIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross premiums or assessments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitInterestExpense" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitInterestExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitInterestExpense" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitInterestExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accretion </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period, Present value of expected net premiums </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at beginning of period, Present value of expected net premiums </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, Weighted-Average Duration </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceWeightedAverageDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average duration for additional liability (in years) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageDuration" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageDuration" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageDuration" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageDuration_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Weighted-Average Duration </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageDuration_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average duration for future policy benefits (in years) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange" xlink:to="plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase (decrease) in expected future policy benefit and expense component for liability for future policy benefit due to effect of changes in discount rate assumptions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability For Future Policy Benefit Expected Future Policy Benefit Period Increase Decrease Effect Discount Rate Assumption Change </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitPeriodIncreaseDecreaseEffectDiscountRateAssumptionChange_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (decrease) to LFPB due to effect of changes in discount rate assumptions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Gross Premium, Discounted, before Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expected discounted future gross premiums </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expected undiscounted future gross premiums </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expected undiscounted future benefit payments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitActuarialAssumptions" xlink:label="plic_LiabilityForFuturePolicyBenefitActuarialAssumptions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitActuarialAssumptions" xlink:to="plic_LiabilityForFuturePolicyBenefitActuarialAssumptions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase/decrease in liability for future policy benefits from actuarial assumptions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Actuarial Assumptions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Increase (decrease) in LFPB from actuarial assumptions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions" xlink:to="plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase/decrease in pre-tax operating earnings, net of reinsurance, from actuarial assumptions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax Operating Earnings, Net of Reinsurance, Actuarial Assumptions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax operating earnings, net of reinsurance, increase (decrease) from actuarial assumptions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact" xlink:label="plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact" xlink:to="plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount recoverable under reinsurance for present value of total expected payment to policyholder in excess of present value of total expected assessment. Excludes benefit classified as market risk benefit or under provisions of Topic 815 on derivative and hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability Long Duration Insurance Reinsurance Impact </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_AdditionalLiabilityLongDurationInsuranceReinsuranceImpact_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance impact </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalLiabilityLongDurationInsuranceAfterReinsurance" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceAfterReinsurance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalLiabilityLongDurationInsuranceAfterReinsurance" xlink:to="us-gaap_AdditionalLiabilityLongDurationInsuranceAfterReinsurance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability, Long-Duration Insurance, after Reinsurance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalLiabilityLongDurationInsuranceAfterReinsurance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Balance at end of period after reinsurance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions" xlink:label="plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions" xlink:to="plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase/decrease in the additional liability for certain benefit features due to updating actuarial assumptions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional Liability For Certain Benefit Features Actuarial Assumptions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdditionalLiabilityForCertainBenefitFeaturesActuarialAssumptions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additional liability for certain benefit features increase (decrease) from update of actuarial assumptions </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures" xlink:to="plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase/decrease to income before taxes, net of reinsurance due to updating actuarial assumptions related to the additional liability for certain benefit features. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre Tax Operating Earnings Net Of Reinsurance Change Due to Change In Actuarial Assumptions for Additional Liability For Certain Benefit Features </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_PreTaxOperatingEarningsNetOfReinsuranceChangeDueToChangeInActuarialAssumptionsForAdditionalLiabilityForCertainBenefitFeatures_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income before taxes, net of reinsurance decrease due to updating actuarial assumptions related to the additional liability for certain benefit features </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest accretion rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Current Weighted-Average Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current discount rate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketRiskBenefitWeightedAverageAttainedAge" xlink:label="plic_MarketRiskBenefitWeightedAverageAttainedAge" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketRiskBenefitWeightedAverageAttainedAge" xlink:to="plic_MarketRiskBenefitWeightedAverageAttainedAge_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketRiskBenefitWeightedAverageAttainedAge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average attained age of policyholders or contract holders in market risk benefit in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketRiskBenefitWeightedAverageAttainedAge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Weighted Average Attained Age </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketRiskBenefitWeightedAverageAttainedAge_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average attained age of policyholders (years) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurement Inputs and Valuation Techniques [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_WeightedAverageMember" xlink:label="srt_WeightedAverageMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_WeightedAverageMember" xlink:to="srt_WeightedAverageMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_WeightedAverageMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_WeightedAverageMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average input </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputTypeAxis" xlink:label="us-gaap_MeasurementInputTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputTypeAxis" xlink:to="us-gaap_MeasurementInputTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement Input Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputTypeDomain" xlink:label="us-gaap_MeasurementInputTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputTypeDomain" xlink:to="us-gaap_MeasurementInputTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement Input Type [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MeasurementInputLongDurationInterestRateMember" xlink:label="plic_MeasurementInputLongDurationInterestRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MeasurementInputLongDurationInterestRateMember" xlink:to="plic_MeasurementInputLongDurationInterestRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MeasurementInputLongDurationInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement input using the rate curve the entity has determined market participants would use when pricing a financial instrument. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MeasurementInputLongDurationInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long duration interest rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MeasurementInputLongDurationInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term interest rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputPriceVolatilityMember" xlink:label="us-gaap_MeasurementInputPriceVolatilityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputPriceVolatilityMember" xlink:to="us-gaap_MeasurementInputPriceVolatilityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputPriceVolatilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term equity market volatility </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MeasurementInputPriceVolatilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term equity market volatility </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MeasurementInputNonPerformanceRiskMember" xlink:label="plic_MeasurementInputNonPerformanceRiskMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MeasurementInputNonPerformanceRiskMember" xlink:to="plic_MeasurementInputNonPerformanceRiskMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MeasurementInputNonPerformanceRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement input using risk of loss to counterparty for entity's failure to meet a contractual obligation to the counterparty. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MeasurementInputNonPerformanceRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-performance risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MeasurementInputNonPerformanceRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nonperformance risk </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputLapseRateMember" xlink:label="us-gaap_MeasurementInputLapseRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputLapseRateMember" xlink:to="us-gaap_MeasurementInputLapseRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputLapseRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lapse rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MeasurementInputLapseRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lapse rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurement Inputs and Valuation Techniques [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unobservable Inputs for Fair Value Measurement </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketRiskBenefitMeasurementInput" xlink:label="us-gaap_MarketRiskBenefitMeasurementInput" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketRiskBenefitMeasurementInput" xlink:to="us-gaap_MarketRiskBenefitMeasurementInput_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketRiskBenefitMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Risk Benefit, Measurement Input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketRiskBenefitMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefits, measurement input </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CededCreditRiskTable" xlink:label="us-gaap_CededCreditRiskTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CededCreditRiskTable" xlink:to="us-gaap_CededCreditRiskTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CededCreditRiskTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ceded Credit Risk [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="us-gaap_ConcentrationRiskByTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskByTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Concentration Risk Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="us-gaap_ConcentrationRiskTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskTypeDomain" xlink:to="us-gaap_ConcentrationRiskTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Concentration Risk Type [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsurerConcentrationRiskMember" xlink:label="us-gaap_ReinsurerConcentrationRiskMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsurerConcentrationRiskMember" xlink:to="us-gaap_ReinsurerConcentrationRiskMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsurerConcentrationRiskMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurer Concentration Risk </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Concentration Risk Benchmark [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Concentration Risk Benchmark [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetCededReinsuranceRecoverablesMember" xlink:label="plic_NetCededReinsuranceRecoverablesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetCededReinsuranceRecoverablesMember" xlink:to="plic_NetCededReinsuranceRecoverablesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetCededReinsuranceRecoverablesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount as of the balance sheet date of net ceded reinsurance recoverables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetCededReinsuranceRecoverablesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net ceded reinsurance recoverables </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CededCreditRiskAxis" xlink:label="us-gaap_CededCreditRiskAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CededCreditRiskAxis" xlink:to="us-gaap_CededCreditRiskAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CededCreditRiskAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ceded Credit Risk, Reinsurer [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="us-gaap_CededCreditRiskReinsurerDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CededCreditRiskReinsurerDomain" xlink:to="us-gaap_CededCreditRiskReinsurerDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CededCreditRiskReinsurerDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ceded Credit Risk, Reinsurer [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FiveLargestCededReinsurersMember" xlink:label="plic_FiveLargestCededReinsurersMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FiveLargestCededReinsurersMember" xlink:to="plic_FiveLargestCededReinsurersMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FiveLargestCededReinsurersMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related to the five largest ceded reinsurers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FiveLargestCededReinsurersMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Five largest ceded reinsurers </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CededCreditRiskLineItems" xlink:label="us-gaap_CededCreditRiskLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CededCreditRiskLineItems" xlink:to="us-gaap_CededCreditRiskLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CededCreditRiskLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ceded Credit Risk [Line Items] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceRecoverables" xlink:label="us-gaap_ReinsuranceRecoverables" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceRecoverables" xlink:to="us-gaap_ReinsuranceRecoverables_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceRecoverables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverables, Including Reinsurance Premium Paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceRecoverables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance recoverable assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetCededReinsuranceRecoverables" xlink:label="plic_NetCededReinsuranceRecoverables" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetCededReinsuranceRecoverables" xlink:to="plic_NetCededReinsuranceRecoverables_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetCededReinsuranceRecoverables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, after valuation allowance, of recoverable amounts under reinsurance contracts including premium paid under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves, that have been ceded to other entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetCededReinsuranceRecoverables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Ceded Reinsurance Recoverables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetCededReinsuranceRecoverables_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net ceded reinsurance recoverables </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="us-gaap_ConcentrationRiskPercentage1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Concentration Risk, Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Concentration risk percentage </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers" xlink:label="plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers" xlink:to="plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The number of ceded reinsurers for which the amount of net ceded reinsurance recoverables related to claims received is disclosed as a concentration of credit risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Recoverables Claims Received Numbers Of Largest Ceded Reinsurers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_ReinsuranceRecoverablesClaimsReceivedNumbersOfLargestCededReinsurers_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Number of largest ceded reinsurers </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReinsuranceDepositReceivable" xlink:label="plic_ReinsuranceDepositReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReinsuranceDepositReceivable" xlink:to="plic_ReinsuranceDepositReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReinsuranceDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The unaccreted deposit balance for reinsurance agreements for which we use the deposit method of accounting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReinsuranceDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Deposit Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReinsuranceDepositReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance deposit receivable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract" xlink:label="us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract" xlink:to="us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums Earned, Net [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and other considerations: </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentNetAmountAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DirectPremiumsEarned" xlink:label="us-gaap_DirectPremiumsEarned" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectPremiumsEarned" xlink:to="us-gaap_DirectPremiumsEarned_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DirectPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Direct Premiums Earned </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DirectPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums gross amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DirectPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and other considerations, Direct </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CededPremiumsEarned" xlink:label="us-gaap_CededPremiumsEarned" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CededPremiumsEarned" xlink:to="us-gaap_CededPremiumsEarned_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CededPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ceded Premiums Earned </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_CededPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums and other considerations, Ceded </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CededPremiumsEarned_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums ceded to other companies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNetAbstract" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNetAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderBenefitsAndClaimsIncurredNetAbstract" xlink:to="us-gaap_PolicyholderBenefitsAndClaimsIncurredNetAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Benefits and Claims Incurred, Net [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredGross" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross" xlink:to="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Benefits and Claims Incurred, Direct </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses, Direct </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed" xlink:to="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Policyholder Benefits and Claims Incurred, Assumed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits, claims and settlement expenses, Assumed </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLossAbstract" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLossAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLossAbstract" xlink:to="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLossAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLossAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for Future Policy Benefit, Remeasurement Gain (Loss) [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLossAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits remeasurement (gain) loss: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect" xlink:to="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount before effect of policies ceded, of remeasurement gain (loss) on liability for future policy benefit from application of revised benefit ratio as of contract issue. Includes, but is not limited to, remeasurement gain (loss) for annuitization insurance benefit, death and other insurance benefits, and traditional and limited-payment contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability For Future Policy Benefits Remeasurement Gain Loss Direct </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossDirect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits remeasurement (gain) loss, Direct </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed" xlink:to="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount before effect of policies assumed, of remeasurement gain (loss) on liability for future policy benefit from application of revised benefit ratio as of contract issue. Includes, but is not limited to, remeasurement gain (loss) for annuitization insurance benefit, death and other insurance benefits, and traditional and limited-payment contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability For Future Policy Benefits Remeasurement Gain Loss Assumed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits remeasurement (gain) loss, Assumed </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded" xlink:to="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount for policies ceded, of remeasurement gain (loss) on liability for future policy benefit from application of revised benefit ratio as of contract issue. Includes, but is not limited to, remeasurement gain (loss) for annuitization insurance benefit, death and other insurance benefits, and traditional and limited-payment contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability For Future Policy Benefits Remeasurement Gain Loss Ceded </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LiabilityForFuturePolicyBenefitsRemeasurementGainLossCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits remeasurement (gain) loss, Ceded </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CostOfReinsuranceAsset" xlink:label="plic_CostOfReinsuranceAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CostOfReinsuranceAsset" xlink:to="plic_CostOfReinsuranceAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CostOfReinsuranceAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The reinsurance asset related to the amount of expected net reinsurance costs or profits to be spread over the expected term of the contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CostOfReinsuranceAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost Of Reinsurance, Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CostOfReinsuranceAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost of reinsurance asset </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsHeldUnderReinsuranceAgreementsAssetTable" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsHeldUnderReinsuranceAgreementsAssetTable" xlink:to="plic_FundsHeldUnderReinsuranceAgreementsAssetTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of information pertaining to funds held under reinsurance agreements, asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Asset [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsHeldUnderReinsuranceAgreementsAssetAxis" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsHeldUnderReinsuranceAgreementsAssetAxis" xlink:to="plic_FundsHeldUnderReinsuranceAgreementsAssetAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Information pertaining to funds held under reinsurance agreements, asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Asset [Axis] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsHeldUnderReinsuranceAgreementsAssetDomain" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsHeldUnderReinsuranceAgreementsAssetDomain" xlink:to="plic_FundsHeldUnderReinsuranceAgreementsAssetDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Information pertaining to funds held under reinsurance agreements, asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Asset [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FixedMaturitiesTradingMember" xlink:label="plic_FixedMaturitiesTradingMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FixedMaturitiesTradingMember" xlink:to="plic_FixedMaturitiesTradingMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FixedMaturitiesTradingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Element represents fixed maturities trading. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FixedMaturitiesTradingMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, trading </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherInvestmentsMember" xlink:label="us-gaap_OtherInvestmentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInvestmentsMember" xlink:to="us-gaap_OtherInvestmentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AssetsCashAndCashEquivalentsMember" xlink:label="plic_AssetsCashAndCashEquivalentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AssetsCashAndCashEquivalentsMember" xlink:to="plic_AssetsCashAndCashEquivalentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AssetsCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Primary financial statement caption encompassing cash and cash equivalents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AssetsCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets Cash and Cash Equivalents [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AssetsCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AccruedInterestIncomeReceivableMember" xlink:label="plic_AccruedInterestIncomeReceivableMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AccruedInterestIncomeReceivableMember" xlink:to="plic_AccruedInterestIncomeReceivableMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AccruedInterestIncomeReceivableMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for accrued interest income receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AccruedInterestIncomeReceivableMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accrued interest income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetOtherAssetsAndLiabilitiesMember" xlink:label="plic_NetOtherAssetsAndLiabilitiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetOtherAssetsAndLiabilitiesMember" xlink:to="plic_NetOtherAssetsAndLiabilitiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetOtherAssetsAndLiabilitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for net other assets and liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetOtherAssetsAndLiabilitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net other assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems" xlink:to="plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Asset [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsAssetLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FundsHeldUnderReinsuranceAgreementsAsset" xlink:label="us-gaap_FundsHeldUnderReinsuranceAgreementsAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FundsHeldUnderReinsuranceAgreementsAsset" xlink:to="us-gaap_FundsHeldUnderReinsuranceAgreementsAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FundsHeldUnderReinsuranceAgreementsAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FundsHeldUnderReinsuranceAgreementsAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability" xlink:to="plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net other asset (liability) held in support of reserves associated with funds withheld agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held Under Reinsurance Agreements Net Other Asset Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsNetOtherAssetLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net asset (liability) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EmbeddedDerivativeAsset" xlink:label="plic_EmbeddedDerivativeAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EmbeddedDerivativeAsset" xlink:to="plic_EmbeddedDerivativeAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EmbeddedDerivativeAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of embedded derivative asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EmbeddedDerivativeAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded Derivative Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EmbeddedDerivativeAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivative asset </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TalcottLifeAndAnnuityReMember" xlink:label="plic_TalcottLifeAndAnnuityReMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TalcottLifeAndAnnuityReMember" xlink:to="plic_TalcottLifeAndAnnuityReMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TalcottLifeAndAnnuityReMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the information pertaining to amounts passed to Talcott Life & Annuity Re. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TalcottLifeAndAnnuityReMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Talcott Life And Annuity Re [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_TalcottLifeAndAnnuityReMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Talcott Life & Annuity Re </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GrossInvestmentIncomeLossOnFundsWithheldAssets" xlink:label="plic_GrossInvestmentIncomeLossOnFundsWithheldAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GrossInvestmentIncomeLossOnFundsWithheldAssets" xlink:to="plic_GrossInvestmentIncomeLossOnFundsWithheldAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GrossInvestmentIncomeLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income on funds withheld assets passed to coinsurer, derived from investments and on cash and cash equivalents, net of amortization of purchase discounts and premiums related to investments in debt securities. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. The purchase discount or premium is amortized to income or expense, respectively, over the life (holding period) of the securities to arrive at an amount of periodic interest income or expense which results in a constant effective yield on the investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GrossInvestmentIncomeLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross Investment Income Loss on Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GrossInvestmentIncomeLossOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets" xlink:label="plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets" xlink:to="plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of expenses related to the generation of investment income on funds withheld assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Income, Investment Expense On Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_InvestmentIncomeInvestmentExpenseOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment expenses </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetInvestmentIncomeOnFundsWithheldAssets" xlink:label="plic_NetInvestmentIncomeOnFundsWithheldAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetInvestmentIncomeOnFundsWithheldAssets" xlink:to="plic_NetInvestmentIncomeOnFundsWithheldAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetInvestmentIncomeOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, after investment expense, of income on funds withheld assets passed to coinsurer earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetInvestmentIncomeOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Investment Income On Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_NetInvestmentIncomeOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net investment income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset" xlink:to="plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of the realized capital gains (losses) on reinsurer's funds held on its behalf by the ceding insurer, including funds held in trust, under reinsurance treaties or contracts with the assuming insurer as security for the payment of the obligations thereunder. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Held under Reinsurance Agreements, Realized Capital Gains (Losses) on Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundsHeldUnderReinsuranceAgreementsRealizedCapitalGainsLossesOnAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="us-gaap_ScheduleOfShortTermDebtTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShortTermDebtTable" xlink:to="us-gaap_ScheduleOfShortTermDebtTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShortTermDebtTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Short-term Debt [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="us-gaap_ShortTermDebtTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtTypeAxis" xlink:to="us-gaap_ShortTermDebtTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-term Debt, Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="us-gaap_ShortTermDebtTypeDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtTypeDomain" xlink:to="us-gaap_ShortTermDebtTypeDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtTypeDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Term Debt Instrument Types [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CreditFacilityMaturingOctober2027Member" xlink:label="plic_CreditFacilityMaturingOctober2027Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CreditFacilityMaturingOctober2027Member" xlink:to="plic_CreditFacilityMaturingOctober2027Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CreditFacilityMaturingOctober2027Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit facility entered into by the entity with maturity in October 2027. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CreditFacilityMaturingOctober2027Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit Facility Maturing October 2027 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CreditFacilityMaturingOctober2027Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit facility maturing in October 2027 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommercialPaperMember" xlink:label="us-gaap_CommercialPaperMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialPaperMember" xlink:to="us-gaap_CommercialPaperMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialPaperMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commercial paper </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ParentAndSubsidiariesShelfRegistrationDebtGuarantorAxis" xlink:label="plic_ParentAndSubsidiariesShelfRegistrationDebtGuarantorAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ParentAndSubsidiariesShelfRegistrationDebtGuarantorAxis" xlink:to="plic_ParentAndSubsidiariesShelfRegistrationDebtGuarantorAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ParentAndSubsidiariesShelfRegistrationDebtGuarantorAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The axis of all parent companies and/or subsidiaries when a subsidiary guarantees obligations of its parent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ParentAndSubsidiariesShelfRegistrationDebtGuarantorAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Parent and Subsidiaries - Shelf Registration Debt Guarantor [Axis] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EntityShelfRegistrationDebtGuarantorDomain" xlink:label="plic_EntityShelfRegistrationDebtGuarantorDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EntityShelfRegistrationDebtGuarantorDomain" xlink:to="plic_EntityShelfRegistrationDebtGuarantorDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EntityShelfRegistrationDebtGuarantorDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> All parent companies and/or subsidiaries reported by a business entity when a subsidiary guarantees obligations of its parent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EntityShelfRegistrationDebtGuarantorDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Entity, Shelf Registration Debt Guarantor [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="us-gaap_ShortTermDebtLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtLineItems" xlink:to="us-gaap_ShortTermDebtLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-term Debt [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortTermDebtLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Short-Term Debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line of Credit Facility, Maximum Borrowing Capacity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Credit facilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_BackStopFacilitySupportForCommercialPaperProgramPercent" xlink:label="plic_BackStopFacilitySupportForCommercialPaperProgramPercent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_BackStopFacilitySupportForCommercialPaperProgramPercent" xlink:to="plic_BackStopFacilitySupportForCommercialPaperProgramPercent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_BackStopFacilitySupportForCommercialPaperProgramPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Percentage of support provided by back-stop facility for commercial paper program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_BackStopFacilitySupportForCommercialPaperProgramPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Back Stop Facility Support for Commercial Paper Program Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_BackStopFacilitySupportForCommercialPaperProgramPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Support provided by back-stop facility for commercial paper program (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_BackStopFacilityOutstandingBalances" xlink:label="plic_BackStopFacilityOutstandingBalances" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_BackStopFacilityOutstandingBalances" xlink:to="plic_BackStopFacilityOutstandingBalances_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_BackStopFacilityOutstandingBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of outstanding back-stop facilities as of the balance sheet date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_BackStopFacilityOutstandingBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Back Stop Facility Outstanding Balances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_BackStopFacilityOutstandingBalances_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Back-stop facility outstanding balances </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Long-term Debt Instruments [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MortgagesAndNotesPayableMember" xlink:label="plic_MortgagesAndNotesPayableMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MortgagesAndNotesPayableMember" xlink:to="plic_MortgagesAndNotesPayableMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MortgagesAndNotesPayableMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents mortgages and notes payable that qualify as long-term debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MortgagesAndNotesPayableMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Mortgages and notes payable </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RecourseStatusAxis" xlink:label="us-gaap_RecourseStatusAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RecourseStatusAxis" xlink:to="us-gaap_RecourseStatusAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RecourseStatusAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recourse Status [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RecourseStatusDomain" xlink:label="us-gaap_RecourseStatusDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RecourseStatusDomain" xlink:to="us-gaap_RecourseStatusDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RecourseStatusDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recourse Status [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonrecourseMember" xlink:label="us-gaap_NonrecourseMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonrecourseMember" xlink:to="us-gaap_NonrecourseMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonrecourseMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nonrecourse [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NonrecourseMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-recourse </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-Term Debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="us-gaap_DebtInstrumentCarryingAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term debt principal </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unamortized discount, premium and debt issuance costs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment" xlink:label="plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment" xlink:to="plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the outstanding principal balances of mortgages and other notes payable per real estate development. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Instrument Carrying Amount Per Real Estate Development </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DebtInstrumentCarryingAmountPerRealEstateDevelopment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Outstanding principal balances per real estate development </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentsInRealEstate" xlink:label="plic_InvestmentsInRealEstate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentsInRealEstate" xlink:to="plic_InvestmentsInRealEstate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentsInRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments in real estate held for investment purposes and held-for-sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentsInRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments in Real Estate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InvestmentsInRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtByMaturityAbstract" xlink:label="us-gaap_LongTermDebtByMaturityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtByMaturityAbstract" xlink:to="us-gaap_LongTermDebtByMaturityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtByMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Fiscal Year Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtByMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Future maturities of long-term debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 1: Long-term debt maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Maturities, Repayments of Principal in Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 2: Long-term debt maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Maturities, Repayments of Principal in Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 3: Long-term debt maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Maturities, Repayments of Principal in Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 4: Long-term debt maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Long-term Debt, Maturities, Repayments of Principal in Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year 5: Long-term debt maturities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current Federal Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current income taxes (benefits): U.S. federal </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current State and Local Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current income taxes (benefits): State </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total current income taxes (benefits) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Federal Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred income taxes (benefits): U.S. federal </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred State and Local Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred income taxes (benefits): State </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total deferred income taxes (benefits) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestAbstract" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income (loss) before income taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income (Loss) from Continuing Operations before Income Taxes, Domestic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income (loss) before income taxes - domestic </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncomeTaxAuthorityTable" xlink:label="plic_IncomeTaxAuthorityTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncomeTaxAuthorityTable" xlink:to="plic_IncomeTaxAuthorityTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncomeTaxAuthorityTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule reflecting pertinent information, such as tax authority, deferred tax asset and liability amounts as well as information related to operating loss carryforwards (amounts and expiration dates). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncomeTaxAuthorityTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Authority [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_IncomeTaxAuthorityLineItems" xlink:label="plic_IncomeTaxAuthorityLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_IncomeTaxAuthorityLineItems" xlink:to="plic_IncomeTaxAuthorityLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_IncomeTaxAuthorityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_IncomeTaxAuthorityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Authority [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_IncomeTaxAuthorityLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Percent [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation between the U.S. corporate income tax rate and the effective income tax rate from continuing operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> U.S. corporate income tax rate (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Deduction, Dividend, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividends received deduction (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Tax Credit, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tax credits (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest exclusion from taxable income (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Equity in Earnings (Losses) of Unconsolidated Subsidiary, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Impact of equity method presentation (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent" xlink:label="plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent" xlink:to="plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operation, attributable to employee compensation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Employee Compensation, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_EffectiveIncomeTaxRateReconciliationEmployeeCompensationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee compensation (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent" xlink:label="plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent" xlink:to="plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other post retirement employee benefits re-designation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Other Post Retirement Employee Benefits Re-designation, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_EffectiveIncomeTaxRateReconciliationOtherPostRetirementEmployeeBenefitsReDesignationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other postretirement employee benefits redesignation (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent" xlink:label="plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent" xlink:to="plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Percentage of the difference between reported income tax expense (benefit) and the expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to low income housing tax credit amortization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Low Income Housing Tax Credit Amortization, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EffectiveIncomeTaxRateReconciliationLowIncomeHousingTaxCreditAmortizationPercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Low income housing tax credit amortization (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> State income taxes (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nondeductible expenses (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:to="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Other Adjustments, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective Income Tax Rate Reconciliation, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Effective income tax rate (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:to="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in Unrecognized Tax Benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="us-gaap_UnrecognizedTaxBenefits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefits" xlink:to="us-gaap_UnrecognizedTaxBenefits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized Tax Benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, Unrecognized tax benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, Unrecognized tax benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Additions based on tax positions related to the current year </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reductions for tax positions related to the current year </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated pre-tax interest and penalties related to unrecognized tax benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="us-gaap_IncomeTaxAuthorityAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityAxis" xlink:to="us-gaap_IncomeTaxAuthorityAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Authority [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityDomain" xlink:label="us-gaap_IncomeTaxAuthorityDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityDomain" xlink:to="us-gaap_IncomeTaxAuthorityDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxAuthorityDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Authority [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DomesticCountryMember" xlink:label="us-gaap_DomesticCountryMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DomesticCountryMember" xlink:to="us-gaap_DomesticCountryMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DomesticCountryMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> U.S. Federal </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StateAndLocalJurisdictionMember" xlink:label="us-gaap_StateAndLocalJurisdictionMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StateAndLocalJurisdictionMember" xlink:to="us-gaap_StateAndLocalJurisdictionMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StateAndLocalJurisdictionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> State </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Components of Deferred Tax Assets and Liabilities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Significant components of net deferred income taxes </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xlink:to="us-gaap_ComponentsOfDeferredTaxAssetsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Components of Deferred Tax Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred income tax assets: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards" xlink:label="plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards" xlink:to="plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards and capital loss carryforwards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets Operating Loss Carryforwards And Capital Loss Carryforwards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DeferredTaxAssetsOperatingLossCarryforwardsAndCapitalLossCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net operating and capital loss carryforwards </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross" xlink:label="us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross" xlink:to="us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized losses on available-for-sale securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for reinsurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Tax Credit Carryforwards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tax credit carryforwards </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee benefits </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xlink:label="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xlink:to="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Goodwill and Intangible Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Intangible assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="us-gaap_DeferredTaxAssetsOther" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOther" xlink:to="us-gaap_DeferredTaxAssetsOther_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsOther_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsOther_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other deferred income tax assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="us-gaap_DeferredTaxAssetsGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="us-gaap_DeferredTaxAssetsGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross deferred income tax assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Valuation Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Valuation allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Valuation allowance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Assets, Net of Valuation Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total deferred income tax assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xlink:label="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xlink:to="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Components of Deferred Tax Liabilities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred income tax liabilities: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts" xlink:label="plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts" xlink:to="plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount as of the balance sheet date of the estimated future tax effects attributable to the difference between the tax basis and basis of deferred acquisition costs that were capitalized in conformity with generally accepted accounting principles. The difference in basis will reverse in future periods. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities Deferred Acquisition Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredTaxLiabilitiesDeferredAcquisitionCosts_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred acquisition costs </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets" xlink:label="plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets" xlink:to="plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount as of the balance sheet date for deferred tax consequences attributable to taxable temporary differences resulting from investments, including derivative transactions. Deferred tax consequences are future tax effects on income taxes as measured by the applicable enacted tax rate and provisions of the enacted tax law resulting from temporary differences and carryforwards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities Investment Including Derivative Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredTaxLiabilitiesInvestmentIncludingDerivativeAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments, including derivative assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives" xlink:label="plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives" xlink:to="plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of deferred tax liability attributable to taxable temporary differences from funds witheld embedded derivative. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Funds Withheld Embedded Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredTaxLiabilitiesFundsWithheldEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds withheld embedded derivative </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxLiabilitiesRealEstate" xlink:label="plic_DeferredTaxLiabilitiesRealEstate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxLiabilitiesRealEstate" xlink:to="plic_DeferredTaxLiabilitiesRealEstate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxLiabilitiesRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount as of the balance sheet date of the estimated future tax effects attributable to the difference between the tax basis of real estate assets and the basis of real estate assets computed in accordance with generally accepted accounting principles. The difference in basis, attributable to different capitalization of costs, depreciation, or amortization methodologies, will increase future taxable income when such basis difference is realized. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxLiabilitiesRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities Real Estate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredTaxLiabilitiesRealEstate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real estate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxLiabilitiesPolicyholderLiabilities" xlink:label="plic_DeferredTaxLiabilitiesPolicyholderLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxLiabilitiesPolicyholderLiabilities" xlink:to="plic_DeferredTaxLiabilitiesPolicyholderLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxLiabilitiesPolicyholderLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of deferred tax liability attributable to taxable temporary differences from policyholder liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxLiabilitiesPolicyholderLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Policyholder Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredTaxLiabilitiesPolicyholderLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Insurance liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation" xlink:label="plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation" xlink:to="plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Gain on Sale of Discontinued Operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Gain on Sale of Discontinued Operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredTaxLiabilitiesGainOnSaleOfDiscontinuedOperation_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gain on sale of discontinued operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesOther" xlink:label="us-gaap_DeferredTaxLiabilitiesOther" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesOther" xlink:to="us-gaap_DeferredTaxLiabilitiesOther_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesOther_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesOther_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other deferred income tax liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="us-gaap_DeferredIncomeTaxLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxLiabilities" xlink:to="us-gaap_DeferredIncomeTaxLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total deferred income tax liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="us-gaap_DeferredTaxLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilities" xlink:to="us-gaap_DeferredTaxLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total net deferred income tax liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesNetAbstract" xlink:label="us-gaap_DeferredTaxLiabilitiesNetAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesNetAbstract" xlink:to="us-gaap_DeferredTaxLiabilitiesNetAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Tax Liabilities, Net, Classification [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net deferred income taxes by jurisdiction </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxAssetsNet" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxAssetsNet" xlink:to="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Income Tax Assets, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net deferred income tax assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredIncomeTaxDisclosuresOperatingLossCarryforwardsAbstract" xlink:label="plic_DeferredIncomeTaxDisclosuresOperatingLossCarryforwardsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredIncomeTaxDisclosuresOperatingLossCarryforwardsAbstract" xlink:to="plic_DeferredIncomeTaxDisclosuresOperatingLossCarryforwardsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredIncomeTaxDisclosuresOperatingLossCarryforwardsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Income Tax Disclosures Operating Loss Carryforwards [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DeferredIncomeTaxDisclosuresOperatingLossCarryforwardsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred income tax disclosures-operating loss carryforwards </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="us-gaap_OperatingLossCarryforwards" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwards" xlink:to="us-gaap_OperatingLossCarryforwards_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Loss Carryforwards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net operating loss carryforwards </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:to="us-gaap_OperatingLossCarryforwardsValuationAllowance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Loss Carryforwards, Valuation Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Valuation allowances on income tax benefits primarily associated with foreign net operating loss carryforwards </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract" xlink:label="plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract" xlink:to="plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current income tax receivables associated with outstanding audits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CurrentIncomeTaxReceivablesAssociatedWithOutstandingAuditsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current income tax receivables associated with outstanding audit issues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority" xlink:label="us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority" xlink:to="us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Current income tax receivables (payables) associated with outstanding audit issues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:to="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Defined Benefit Plans Disclosures [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="us-gaap_DefinedBenefitPlanDisclosureLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:to="us-gaap_DefinedBenefitPlanDisclosureLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanDisclosureLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan Disclosure [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanDisclosureLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan Disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment" xlink:label="plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment" xlink:to="plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The final average pay benefit is based on the years of service and generally the employee's or agent's average annual compensation during the most recent years of employment for this time period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Final Average Pay Benefit Computation, Period of Employment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanFinalAveragePayBenefitComputationPeriodOfEmployment_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Period of employment used to calculate average annual compensation for the final average pay benefit </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward" xlink:label="us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward" xlink:to="us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in benefit obligation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="us-gaap_DefinedBenefitPlanInterestCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanInterestCost" xlink:to="us-gaap_DefinedBenefitPlanInterestCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanInterestCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Interest Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DefinedBenefitPlanInterestCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanInterestCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest cost </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanActuarialGainLoss" xlink:label="us-gaap_DefinedBenefitPlanActuarialGainLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanActuarialGainLoss" xlink:to="us-gaap_DefinedBenefitPlanActuarialGainLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanActuarialGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Actuarial Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanActuarialGainLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Actuarial gain (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant" xlink:to="us-gaap_DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participant contributions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanBenefitObligationBenefitsPaid" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligationBenefitsPaid" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanBenefitObligationBenefitsPaid" xlink:to="us-gaap_DefinedBenefitPlanBenefitObligationBenefitsPaid_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligationBenefitsPaid_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Benefit Obligation, Benefits Paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligationBenefitsPaid_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits paid </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward" xlink:label="us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward" xlink:to="us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in plan assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xlink:label="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xlink:to="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Fair Value of Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value of plan assets at end of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value of plan assets at beginning of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value of plan assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets" xlink:label="us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets" xlink:to="us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Actual Return on Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Actual return on plan assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="us-gaap_DefinedBenefitPlanContributionsByEmployer" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:to="us-gaap_DefinedBenefitPlanContributionsByEmployer_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanContributionsByEmployer_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Contributions by Employer </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DefinedBenefitPlanContributionsByEmployer_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employer contribution </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant" xlink:to="us-gaap_DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Plan Assets, Contributions by Plan Participant </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Participant contributions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanPlanAssetsBenefitsPaid" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsBenefitsPaid" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanPlanAssetsBenefitsPaid" xlink:to="us-gaap_DefinedBenefitPlanPlanAssetsBenefitsPaid_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsBenefitsPaid_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Plan Assets, Benefits Paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsBenefitsPaid_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Benefits paid </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract" xlink:label="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract" xlink:to="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount recognized in statement of financial position </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Assets for Plan Benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount recognized in other assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet" xlink:label="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Amounts Recognized in Balance Sheet </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total assets (liabilities) recognized in statement of financial position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount recognized in accumulated other comprehensive income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total net actuarial (gain) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xlink:to="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax accumulated other comprehensive (income) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract" xlink:to="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Components of Net Periodic Benefit Cost (Income) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList" xlink:to="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible List] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest cost, location on consolidated statements of operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:to="us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Return on Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expected return on plan assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditExpectedReturnLossStatementOfIncomeOrComprehensiveIncomeExtensibleList" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditExpectedReturnLossStatementOfIncomeOrComprehensiveIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditExpectedReturnLossStatementOfIncomeOrComprehensiveIncomeExtensibleList" xlink:to="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditExpectedReturnLossStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditExpectedReturnLossStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible List] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditExpectedReturnLossStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expected return on plan assets, location on consolidated statements of operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:to="us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Amortization of Gains (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recognized net actuarial (gain) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList" xlink:to="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible List] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recognized net actuarial (gain) loss, location on consolidated statements of operations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:to="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Net Periodic Benefit Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net periodic benefit cost (income) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPeriodIncreaseDecreaseAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other changes recognized in accumulated other comprehensive (income) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net actuarial (gain) loss </label>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AmountRecognizedInNetPeriodicBenefitCostAndOtherComprehensiveIncomeLossBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total recognized in net periodic benefit cost and pre-tax accumulated other comprehensive (income) loss </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract" xlink:label="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract" xlink:to="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average assumptions used to determine benefit obligations as disclosed under the Obligations and Funded Status section </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate" xlink:to="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discount rate: Benefit obligation (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract" xlink:label="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract" xlink:to="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average assumptions used to determine net periodic benefit cost </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xlink:to="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discount rate: Net periodic benefit cost (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets" xlink:to="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Expected long-term return on plan assets: Net periodic benefit cost (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract" xlink:label="us-gaap_DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract" xlink:to="us-gaap_DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assumed Health Care Cost Trend Rates </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65" xlink:label="plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65" xlink:to="plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The assumed health care cost trend rate for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan due to factors other than changes in the composition of the plan population by age and dependency status. This rate is for people under age 65. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year Under Age 65 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYearUnderAge65_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Health care cost trend rate assumed for next year under age 65 (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanUltimateHealthCareCostTrendRate1" xlink:label="us-gaap_DefinedBenefitPlanUltimateHealthCareCostTrendRate1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanUltimateHealthCareCostTrendRate1" xlink:to="us-gaap_DefinedBenefitPlanUltimateHealthCareCostTrendRate1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanUltimateHealthCareCostTrendRate1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Ultimate Health Care Cost Trend Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanUltimateHealthCareCostTrendRate1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Rate to which the health care cost trend rate is assumed to decline (the ultimate trend rate) (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65" xlink:label="plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65" xlink:to="plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year the ultimate health care cost trend rate is expected to be reached, in CCYY format. This year is for people under age 65. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan Year that Rate Reaches Ultimate Trend Rate under Age 65 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanYearThatRateReachesUltimateTrendRateUnderAge65_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Year that the health care cost trend rate reaches the ultimate trend rate under age 65 (calendar year) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Hierarchy [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Plan Asset Measurement [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value hierarchy Level 1 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" xlink:label="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" xlink:to="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Asset Categories [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PlanAssetCategoriesDomain" xlink:label="us-gaap_PlanAssetCategoriesDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanAssetCategoriesDomain" xlink:to="us-gaap_PlanAssetCategoriesDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanAssetCategoriesDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Plan Asset Categories [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember" xlink:label="us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember" xlink:to="us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FixedIncomeSecuritiesMember" xlink:label="us-gaap_FixedIncomeSecuritiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FixedIncomeSecuritiesMember" xlink:to="us-gaap_FixedIncomeSecuritiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FixedIncomeSecuritiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed income security portfolios </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanEquitySecuritiesUsMember" xlink:label="us-gaap_DefinedBenefitPlanEquitySecuritiesUsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanEquitySecuritiesUsMember" xlink:to="us-gaap_DefinedBenefitPlanEquitySecuritiesUsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanEquitySecuritiesUsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> U.S. equity portfolios </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember" xlink:label="us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember" xlink:to="us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> International equity portfolios </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DefinedBenefitPlanFairValueOfPlanAssetsAbstract" xlink:label="plic_DefinedBenefitPlanFairValueOfPlanAssetsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DefinedBenefitPlanFairValueOfPlanAssetsAbstract" xlink:to="plic_DefinedBenefitPlanFairValueOfPlanAssetsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DefinedBenefitPlanFairValueOfPlanAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan Fair Value of Plan Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DefinedBenefitPlanFairValueOfPlanAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined benefit plan, fair value of plan assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanAssetsTargetAllocationsAbstract" xlink:label="us-gaap_DefinedBenefitPlanAssetsTargetAllocationsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanAssetsTargetAllocationsAbstract" xlink:to="us-gaap_DefinedBenefitPlanAssetsTargetAllocationsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanAssetsTargetAllocationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Assets, Target Allocations [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanAssetsTargetAllocationsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset category target allocation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage" xlink:to="us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Plan Assets, Target Allocation, Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset category target allocation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanEstimatedFutureBenefitPaymentsAbstract" xlink:label="us-gaap_DefinedBenefitPlanEstimatedFutureBenefitPaymentsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanEstimatedFutureBenefitPaymentsAbstract" xlink:to="us-gaap_DefinedBenefitPlanEstimatedFutureBenefitPaymentsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanEstimatedFutureBenefitPaymentsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated Future Benefit Payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths" xlink:to="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated future benefit payments, Year 1 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo" xlink:to="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Future Benefit Payments, Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated future benefit payments, Year 2 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree" xlink:to="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Future Benefit Payments, Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated future benefit payments, Year 3 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour" xlink:to="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Future Benefit Payments, Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated future benefit payments, Year 4 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive" xlink:to="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Future Benefit Payments, Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated future benefit payments, Year 5 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter" xlink:to="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Estimated future benefit payments, Years 6-10 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesTable" xlink:label="us-gaap_LossContingenciesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LossContingenciesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingenciesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loss Contingencies [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsByNatureAxis" xlink:to="us-gaap_GuaranteeObligationsByNatureAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantor Obligations, Nature [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="us-gaap_GuaranteeObligationsNatureDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsNatureDomain" xlink:to="us-gaap_GuaranteeObligationsNatureDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsNatureDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantor Obligations, Nature [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GuaranteesToThirdPartiesPrimarilyRelatedToFormerSubsidiariesAndJointVenturesMember" xlink:label="plic_GuaranteesToThirdPartiesPrimarilyRelatedToFormerSubsidiariesAndJointVenturesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GuaranteesToThirdPartiesPrimarilyRelatedToFormerSubsidiariesAndJointVenturesMember" xlink:to="plic_GuaranteesToThirdPartiesPrimarilyRelatedToFormerSubsidiariesAndJointVenturesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GuaranteesToThirdPartiesPrimarilyRelatedToFormerSubsidiariesAndJointVenturesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantees provided by the entity to third parties, primarily related to former subsidiaries and joint ventures. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GuaranteesToThirdPartiesPrimarilyRelatedToFormerSubsidiariesAndJointVenturesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantees to third parties primarily related to former subsidiaries and joint ventures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesLineItems" xlink:label="us-gaap_LossContingenciesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_LossContingenciesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingenciesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loss Contingencies [Line Items] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GuaranteesAbstract" xlink:label="us-gaap_GuaranteesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteesAbstract" xlink:to="us-gaap_GuaranteesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantees [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantees and Indemnifications </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsMaximumExposure" xlink:to="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guarantor Obligations, Maximum Exposure, Undiscounted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum exposure under guarantees </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_GuarantyFundsAbstract" xlink:label="plic_GuarantyFundsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_GuarantyFundsAbstract" xlink:to="plic_GuarantyFundsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_GuarantyFundsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_GuarantyFundsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guaranty Funds [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_GuarantyFundsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Guaranty Funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability" xlink:label="us-gaap_LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability" xlink:to="us-gaap_LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loss Contingency, Undiscounted Amount of Insurance-related Assessment Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Undiscounted liability balance for guaranty fund assessments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset" xlink:label="us-gaap_LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset" xlink:to="us-gaap_LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loss Contingency Accrual, Insurance-related Assessment, Premium Tax Offset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premium tax offsets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseAssetsAbstract" xlink:label="plic_LeaseAssetsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseAssetsAbstract" xlink:to="plic_LeaseAssetsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LeaseAssetsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Right-of-Use Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating lease assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:label="us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:to="us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAsset" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAsset" xlink:to="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Right-of-Use Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance lease assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:to="us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TotalLeaseRightOfUseAssets" xlink:label="plic_TotalLeaseRightOfUseAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TotalLeaseRightOfUseAssets" xlink:to="plic_TotalLeaseRightOfUseAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TotalLeaseRightOfUseAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's right to use underlying asset under lease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TotalLeaseRightOfUseAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total Lease Right-of-Use Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_TotalLeaseRightOfUseAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total lease assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilitiesAbstract" xlink:label="plic_LeaseLiabilitiesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilitiesAbstract" xlink:to="plic_LeaseLiabilitiesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease liabilities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LeaseLiabilitiesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability" xlink:label="us-gaap_OperatingLeaseLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Present value of lease liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating lease liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:label="us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:to="us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Liability, Statement of Financial Position [Extensible List] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiability" xlink:label="us-gaap_FinanceLeaseLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiability" xlink:to="us-gaap_FinanceLeaseLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance lease liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FinanceLeaseLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Present value of lease liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:label="us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:to="us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Statement of Financial Position [Extensible List] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_TotalLeaseLiabilities" xlink:label="plic_TotalLeaseLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_TotalLeaseLiabilities" xlink:to="plic_TotalLeaseLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_TotalLeaseLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Present value of lessee's discounted obligation for lease payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_TotalLeaseLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total Lease Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_TotalLeaseLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total lease liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_TotalLeaseLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Present value of lease liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseCostAbstract" xlink:label="us-gaap_LeaseCostAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCostAbstract" xlink:to="us-gaap_LeaseCostAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Cost [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LeaseCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease cost </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseCostFinanceLeaseAbstract" xlink:label="plic_LeaseCostFinanceLeaseAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseCostFinanceLeaseAbstract" xlink:to="plic_LeaseCostFinanceLeaseAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseCostFinanceLeaseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseCostFinanceLeaseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease Cost Finance Lease [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LeaseCostFinanceLeaseAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance lease cost: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:to="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Right-of-Use Asset, Amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of right-of-use assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseInterestExpense" xlink:label="us-gaap_FinanceLeaseInterestExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseInterestExpense" xlink:to="us-gaap_FinanceLeaseInterestExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseInterestExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Interest on lease liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseCost" xlink:label="us-gaap_OperatingLeaseCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating lease cost </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherLeaseCost" xlink:label="plic_OtherLeaseCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherLeaseCost" xlink:to="plic_OtherLeaseCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherLeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of other lease cost recognized by lessee for lease contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherLeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Lease, Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherLeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other lease cost </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubleaseIncome" xlink:label="us-gaap_SubleaseIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubleaseIncome" xlink:to="us-gaap_SubleaseIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubleaseIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Sublease Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SubleaseIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Sublease income </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseCost" xlink:label="us-gaap_LeaseCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCost" xlink:to="us-gaap_LeaseCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LeaseCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total lease cost </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeasePayments" xlink:label="us-gaap_OperatingLeasePayments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasePayments" xlink:to="us-gaap_OperatingLeasePayments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasePayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasePayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments for operating leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeasePrincipalPayments" xlink:label="us-gaap_FinanceLeasePrincipalPayments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeasePrincipalPayments" xlink:to="us-gaap_FinanceLeasePrincipalPayments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeasePrincipalPayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Principal Payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeasePrincipalPayments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Payments for finance leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilitiesPaymentsDueRollingMaturityAbstract" xlink:label="us-gaap_OperatingLeaseLiabilitiesPaymentsDueRollingMaturityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilitiesPaymentsDueRollingMaturityAbstract" xlink:to="us-gaap_OperatingLeaseLiabilitiesPaymentsDueRollingMaturityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilitiesPaymentsDueRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease Liabilities, Payments, Due, Rolling Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeaseLiabilitiesPaymentsDueRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating leases, payments due for the twelve months ending December 31: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due Next Rolling Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2024 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2025 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2026 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2027 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2028 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due after Rolling Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2029 and thereafter </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Payments, Due </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total lease payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lessee, Operating Lease, Liability, Undiscounted Excess Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Less: interest </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilitiesPaymentsRollingMaturityAbstract" xlink:label="us-gaap_FinanceLeaseLiabilitiesPaymentsRollingMaturityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilitiesPaymentsRollingMaturityAbstract" xlink:to="us-gaap_FinanceLeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease Liabilities, Payments, Rolling Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance leases, payments due for the twelve months ending December 31: </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths" xlink:to="us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Payments, Due in Next Rolling Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2024 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo" xlink:to="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Payments, Due in Rolling Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2025 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree" xlink:to="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Payments, Due in Rolling Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2026 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour" xlink:to="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Payments, Due in Rolling Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2027 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive" xlink:to="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Payments, Due in Rolling Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2028 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:to="us-gaap_FinanceLeaseLiabilityPaymentsDue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Payments, Due </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_FinanceLeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total lease payments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Liability, Undiscounted Excess Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Less: interest </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract" xlink:label="plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract" xlink:to="plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease Liabilities, Payments, Rolling Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_LeaseLiabilitiesPaymentsRollingMaturityAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total leases, payments due for the twelve months ending December 31: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths" xlink:label="plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths" xlink:to="plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments, due after fifth fiscal year following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due in Next Rolling Twelve Months </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDueInNextRollingTwelveMonths_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2024 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDueInRollingYearTwo" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearTwo" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDueInRollingYearTwo" xlink:to="plic_LeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments, due in second rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due in Rolling Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearTwo_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2025 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDueInRollingYearThree" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearThree" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDueInRollingYearThree" xlink:to="plic_LeaseLiabilityPaymentsDueInRollingYearThree_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments, due in third rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due in Rolling Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearThree_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2026 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDueInRollingYearFour" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFour" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDueInRollingYearFour" xlink:to="plic_LeaseLiabilityPaymentsDueInRollingYearFour_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments, due in fourth rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due in Rolling Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFour_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2027 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDueInRollingYearFive" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDueInRollingYearFive" xlink:to="plic_LeaseLiabilityPaymentsDueInRollingYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments, due in fifth rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due in Rolling Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2028 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive" xlink:to="plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments, due after fifth rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due in Rolling after Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDueInRollingAfterYearFive_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2029 and thereafter </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityPaymentsDue" xlink:label="plic_LeaseLiabilityPaymentsDue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityPaymentsDue" xlink:to="plic_LeaseLiabilityPaymentsDue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Payments, Due </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityPaymentsDue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total lease payments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_LeaseLiabilityUndiscountedExcessAmount" xlink:label="plic_LeaseLiabilityUndiscountedExcessAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_LeaseLiabilityUndiscountedExcessAmount" xlink:to="plic_LeaseLiabilityUndiscountedExcessAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_LeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_LeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Lease, Liability, Undiscounted Excess Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_LeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Less: interest </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DisclosureOfLeaseQuantitativeAbstract" xlink:label="plic_DisclosureOfLeaseQuantitativeAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DisclosureOfLeaseQuantitativeAbstract" xlink:to="plic_DisclosureOfLeaseQuantitativeAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DisclosureOfLeaseQuantitativeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DisclosureOfLeaseQuantitativeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disclosure of Lease Quantitative [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DisclosureOfLeaseQuantitativeAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average remaining lease term and weighted-average discount rates </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Weighted Average Remaining Lease Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average remaining lease term, Operating leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Weighted Average Remaining Lease Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted average remaining lease term, Finance leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Lease, Weighted Average Discount Rate, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average discount rate, Operating leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Finance Lease, Weighted Average Discount Rate, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average discount rate, Finance leases </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="us-gaap_AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xlink:to="us-gaap_AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on available-for-sale securities including NCI </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember" xlink:label="us-gaap_AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember" xlink:to="us-gaap_AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on derivative instruments including NCI </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociLiabilityForFuturePolicyBenefitIncludingNoncontrollingInterestMember" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitIncludingNoncontrollingInterestMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociLiabilityForFuturePolicyBenefitIncludingNoncontrollingInterestMember" xlink:to="us-gaap_AociLiabilityForFuturePolicyBenefitIncludingNoncontrollingInterestMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitIncludingNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI, Liability for Future Policy Benefit, Including Noncontrolling Interest [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AociLiabilityForFuturePolicyBenefitIncludingNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability for future policy benefits discount rate remeasurement gain (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskIncludingNoncontrollingInterestMember" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskIncludingNoncontrollingInterestMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskIncludingNoncontrollingInterestMember" xlink:to="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskIncludingNoncontrollingInterestMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskIncludingNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI, Market Risk Benefit, Instrument-Specific Credit Risk, Including Noncontrolling Interest [Member]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AociMarketRiskBenefitInstrumentSpecificCreditRiskIncludingNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit nonperformance risk gain (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember" xlink:to="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized postretirement benefit obligation including NCI </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OperatingExpensesMember" xlink:label="plic_OperatingExpensesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OperatingExpensesMember" xlink:to="plic_OperatingExpensesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OperatingExpensesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Generally recurring costs associated with normal operations except for payment of benefits, claims and policyholder dividends. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OperatingExpensesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating expense </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), before Reclassifications, before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) before reclassifications, pre-tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax" xlink:to="plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount before tax of change in accumulated gains and losses associated with amortization of deferred acquisition costs and other actuarial balances such as sales inducements and unearned revenue. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for Assumed Changes in Amortization Patterns before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in amortization patterns, pre-tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax" xlink:to="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount before tax of adjustments for assumed changes in policyholder liabilities, including the amount by which the liability for policyholder benefits and claims would change if all unrealized gains/losses for the period were realized and for changes in the policyholder dividend obligation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for Assumed Changes in Liability for Policyholder Benefits and Claims Before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in policyholder liabilities, pre-tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossBeforeTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossBeforeTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss), pre-tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss) before Reclassifications, Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) before reclassifications, tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationFromAociCurrentPeriodTax" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAociCurrentPeriodTax" xlink:to="us-gaap_ReclassificationFromAociCurrentPeriodTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from AOCI, Current Period, Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from accumulated other comprehensive income, tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax" xlink:to="plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of tax expense (benefit) related to change in accumulated gains and losses associated with amortization of deferred acquisition costs and other actuarial balances such as sales inducements and unearned revenue. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for Assumed Changes in Amortization Patterns Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in amortization patterns, tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax" xlink:to="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of tax expense (benefit) related to assumed changes in policyholder liabilities, including the amount by which the liability for policyholder benefits and claims would change if all unrealized gains/losses for the period were realized and for changes in the policyholder dividend obligation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for Assumed Changes in Liability for Policyholder Benefits and Claims, Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in policyholder liabilities, tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss), tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), before Reclassifications, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) before reclassifications, after-tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from accumulated other comprehensive income, after-tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax" xlink:to="plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount after tax of change in accumulated gains and losses associated with amortization of deferred acquisition costs and other actuarial balances such as sales inducements and unearned revenue. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for Assumed Changes in Amortization Patterns, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="plic_AdjustmentsForAssumedChangesInAmortizationPatternsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in amortization patterns, after-tax </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax" xlink:to="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount after tax of adjustments for assumed changes in policyholder liabilities, including the amount by which the liability for policyholder benefits and claims would change if all unrealized gains/losses for the period were realized and for changes in the policyholder dividend obligation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for Assumed Changes in Liability for Policyholder Benefits and Claims Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="plic_AdjustmentsForAssumedChangesInLiabilityForPolicyholderBenefitsAndClaimsNetOfTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for assumed changes in policyholder liabilities, after-tax </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated Other Comprehensive Income (Loss) [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:to="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on available-for-sale securities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:label="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:to="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized gains (losses) on derivative instruments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:to="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized postretirement benefit obligations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accumulated Other Comprehensive Income (Loss) [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in Accumulated Other Comprehensive Income (Loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AOCIAttributableToParentNetOfTaxRollForward" xlink:label="us-gaap_AOCIAttributableToParentNetOfTaxRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AOCIAttributableToParentNetOfTaxRollForward" xlink:to="us-gaap_AOCIAttributableToParentNetOfTaxRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AOCIAttributableToParentNetOfTaxRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> AOCI Attributable to Parent, Net of Tax [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AOCIAttributableToParentNetOfTaxRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in accumulated other comprehensive income (loss) rollforward </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent" xlink:label="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent" xlink:to="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> OCI, before Reclassifications, Net of Tax, Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) during the period, net of adjustments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent" xlink:to="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amounts reclassified to accumulated other comprehensive income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other comprehensive income (loss) attributable to Principal Financial Group, Inc. </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship" xlink:label="plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship" xlink:to="plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net assets transferred to affiliate due to change in benefit plan sponsorship. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Assets Transferred To Affiliate DueT o Change In Benefit Plan Sponsorship </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_NetAssetsTransferredToAffiliateDuetOChangeInBenefitPlanSponsorship_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net assets transferred to affiliate due to change in benefit plan sponsorship </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax" xlink:label="plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax" xlink:to="plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount, before tax, of accumulated unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) with allowance for credit loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss Pre Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossPreTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net unrealized losses on available-for-sale debt securities with allowance for credit losses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatutoryAccountingPracticesTable" xlink:label="us-gaap_StatutoryAccountingPracticesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatutoryAccountingPracticesTable" xlink:to="us-gaap_StatutoryAccountingPracticesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatutoryAccountingPracticesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Accounting Practices [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatutoryAccountingPracticesLineItems" xlink:label="us-gaap_StatutoryAccountingPracticesLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatutoryAccountingPracticesLineItems" xlink:to="us-gaap_StatutoryAccountingPracticesLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatutoryAccountingPracticesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Accounting Practices [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatutoryAccountingPracticesLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividend Limitations </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DividendRestrictionPercentageOfPolicyholdersSurplus" xlink:label="plic_DividendRestrictionPercentageOfPolicyholdersSurplus" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DividendRestrictionPercentageOfPolicyholdersSurplus" xlink:to="plic_DividendRestrictionPercentageOfPolicyholdersSurplus_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DividendRestrictionPercentageOfPolicyholdersSurplus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the limitation on stockholder dividends as a percentage of the entity's statutory policyholder surplus as of the preceding year-end. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DividendRestrictionPercentageOfPolicyholdersSurplus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividend Restriction, Percentage of Policyholders Surplus </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_DividendRestrictionPercentageOfPolicyholdersSurplus_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividend limitation as percentage of statutory policyholder surplus (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval" xlink:to="us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Dividends that can be paid in upcoming calendar year without exceeding statutory limitation </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurements, Recurring and Nonrecurring [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement Frequency [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement Frequency [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="us-gaap_FairValueMeasurementsRecurringMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsRecurringMember" xlink:to="us-gaap_FairValueMeasurementsRecurringMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Recurring Fair Value Measurements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember" xlink:label="us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember" xlink:to="us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount measured at net asset value </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value hierarchy Level 2 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value hierarchy Level 3 </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets (liabilities) measured at fair value on a recurring basis </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments" xlink:to="plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents invested assets not specifically identified in the statement of financial position, excluding derivative assets, that are required to be reported at fair value in the statement of financial position. This includes invested assets such as seed money and commercial mortgage loans of consolidated variable interest entities reported at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets Measured on Recurring Basis, Other Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisOtherInvestments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents" xlink:to="plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents short-term invested assets with a maturity date of three months or less when purchased that are required to be reported at fair value in the statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets Measured on Recurring Basis Cash Equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisCashEquivalents_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash equivalents </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset" xlink:to="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of market risk benefit asset measured at fair value on a recurring basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets Measured On Recurring Basis Market Risk Benefit Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitAsset_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit asset </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets" xlink:to="plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents assets, other than separate account assets, measured at fair value on a recurring basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets Measured on Recurring Basis, Total Assets Excluding Separate Account Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisTotalAssetsExcludingSeparateAccountAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Sub-total excluding separate account assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="us-gaap_AssetsFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsFairValueDisclosure" xlink:to="us-gaap_AssetsFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets measured at fair value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability" xlink:to="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of market risk benefit liability measured at fair value on a recurring basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets Measured On Recurring Basis Market Risk Benefit Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_FairValueAssetsMeasuredOnRecurringBasisMarketRiskBenefitLiability_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit liability </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsWithheldEmbeddedDerivative" xlink:label="plic_FundsWithheldEmbeddedDerivative" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsWithheldEmbeddedDerivative" xlink:to="plic_FundsWithheldEmbeddedDerivative_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of funds withheld embedded derivative. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds Withheld Embedded Derivative </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FundsWithheldEmbeddedDerivative_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds withheld payable embedded derivative </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives" xlink:label="plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives" xlink:to="plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and elected not to be offset. Excludes the fair value of embedded derivatives reported as investment contracts or other liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative Liability Fair Value Gross Liability Including Not Subject to Master Netting Arrangement Excluding Embedded Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangementExcludingEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="us-gaap_LiabilitiesFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesFairValueDisclosure" xlink:to="us-gaap_LiabilitiesFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liabilities measured at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total liabilities </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities" xlink:to="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents the net of total assets and liabilities reported on the balance sheet at period end measured at fair value by the entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets and Liabilities Measured on Recurring Basis Net Assets Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisNetAssetsLiabilities_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:to="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unfunded commitments of investments measured using NAV </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract" xlink:label="plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract" xlink:to="plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities valued using internal pricing models </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FixedMaturitySecuritiesValuedUsingInternalPricingModelsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities valued using internal pricing models </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels" xlink:label="plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels" xlink:to="plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The percentage of fixed maturity securities classified as Level 3 that were valued using internal pricing models. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed Maturity Securities, Level 3 Valued Using Internal Pricing Model, Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FixedMaturitySecuritiesLevel3ValuedUsingInternalPricingModels_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities classified as Level 3 assets, percent valued using internal pricing models (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:to="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summarization of information required and determined to be provided for purposes of reconciling beginning and ending balances of fair value measurements of assets and liabilities using significant unobservable inputs (Level 3). Such reconciliation, separately presenting changes during the period, at a minimum, may include: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets and liabilities), and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of asset or liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByAssetClassAxis" xlink:label="us-gaap_FairValueByAssetClassAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByAssetClassAxis" xlink:to="us-gaap_FairValueByAssetClassAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Class [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Asset Class [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentsOtherMember" xlink:label="plic_InvestmentsOtherMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentsOtherMember" xlink:to="plic_InvestmentsOtherMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentsOtherMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Invested assets not specifically identified in the statement of financial position, excluding derivative assets, that are required to be reported at fair value in the statement of financial position. This includes invested assets such as seed money, commercial mortgage loans of consolidated variable interest entities, and equity method investments reported at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentsOtherMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InvestmentsOtherMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountAssetsMember" xlink:label="plic_SeparateAccountAssetsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountAssetsMember" xlink:to="plic_SeparateAccountAssetsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets held by the Entity for the benefit of separate account policyholders. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountAssetsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="us-gaap_FairValueByLiabilityClassAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByLiabilityClassAxis" xlink:to="us-gaap_FairValueByLiabilityClassAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByLiabilityClassAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Liability Class [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value by Liability Class [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentAndUniversalLifeContractsMember" xlink:label="plic_InvestmentAndUniversalLifeContractsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentAndUniversalLifeContractsMember" xlink:to="plic_InvestmentAndUniversalLifeContractsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentAndUniversalLifeContractsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivatives that have been bifurcated from an investment or universal life contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentAndUniversalLifeContractsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment and universal life contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FundsWithheldPayableEmbeddedDerivativeMember" xlink:label="plic_FundsWithheldPayableEmbeddedDerivativeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FundsWithheldPayableEmbeddedDerivativeMember" xlink:to="plic_FundsWithheldPayableEmbeddedDerivativeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FundsWithheldPayableEmbeddedDerivativeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This member stands for funds withheld payable embedded derivative. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FundsWithheldPayableEmbeddedDerivativeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Funds withheld payable embedded derivative </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:to="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:to="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation Calculation [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in Level 3 fair value measurements rollforward, assets and liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total realized/unrealized gains (losses) included in net income, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleList" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleList" xlink:to="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total realized/unrealized gains (losses) included in other comprehensive income, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleList" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleList" xlink:to="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net purchases, sales, issuances and settlements, assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net purchases, sales, issuances and settlements, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers into Level 3, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers out of Level 3, assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld" xlink:to="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents total gains or losses for the period (realized and unrealized), arising from assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings relating to positions still held. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings Relating to Positions Still Held </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in unrealized gains (losses) included in net income relating to positions still held, assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome" xlink:to="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents total gains or losses for the period (realized and unrealized), arising from assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in other comprehensive income relating to positions still held. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in unrealized gains (losses) included in OCI relating to positions still held, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Ending balance, liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Beginning balance, liabilities </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings </label>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, (Sales), Issuances, (Settlements) </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liabilities, Gain (Loss) Included in Earnings Relating to Positions Still Held </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total realized/unrealized gains (losses) included in net income, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total realized/unrealized gains (losses) included in other comprehensive income, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleList" xlink:label="us-gaap_FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net purchases, sales, issuances and settlements, net derivative assets (liabilities) </label>
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<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3" xmlns="http://www.xbrl.org/2003/linkbase"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers out of Level 3, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld" xlink:to="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents total gains or losses for the period (realized and unrealized), arising from net derivatives assets (liabilities) measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings relating to positions still held. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Derivative Assets (Liabilities) Gain Loss Included In Earnings Relating To Positions Still Held </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsLiabilitiesGainLossIncludedInEarningsRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in unrealized gains (losses) included in net income relating to positions still held, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld" xlink:to="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This element represents total gains or losses for the period (realized and unrealized), arising from net derivative assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in Other Comprehensive Income relating to positions still held. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Net Derivative Assets, Gain (Loss) Included in Other Comprehensive Income Relating to Positions Still Held </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetDerivativeAssetsGainLossIncludedInOtherComprehensiveIncomeRelatingToPositionsStillHeld_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Changes in unrealized gains (losses) included in OCI relating to positions still held, derivative assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract" xlink:to="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurement with Unobservable Inputs Reconciliation Recurring Basis Asset and Liabilities Purchases Sales Issuances Settlements [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitiesPurchasesSalesIssuancesSettlementsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Gross purchases, sales, issuances and settlements </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Purchases, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Sales, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Issuances, assets </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Settlements, assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet" xlink:to="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of net issuances of financial instruments measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Issues, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuesNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Issuances, liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Settlements, liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases" xlink:to="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Purchases, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales" xlink:to="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Sales, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersTable" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersTable" xlink:to="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of transfers of assets and liabilities measured at fair value on recurring basis between levels of the fair value hierarchy. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Transfers [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems" xlink:to="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets and Liabilities Measured on Recurring Basis Transfers [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTransfersLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Hierarchy Levels Transfers </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsLevel2ToLevel3TransfersAmount" xlink:label="plic_FairValueAssetsLevel2ToLevel3TransfersAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsLevel2ToLevel3TransfersAmount" xlink:to="plic_FairValueAssetsLevel2ToLevel3TransfersAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsLevel2ToLevel3TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of transfers of assets measured on a recurring basis out of Level 2 of the fair value hierarchy into Level 3. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsLevel2ToLevel3TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Assets Level 2 to Level 3 Transfers, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsLevel2ToLevel3TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers out of Level 2 into Level 3 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueAssetsLevel3ToLevel2TransfersAmount" xlink:label="plic_FairValueAssetsLevel3ToLevel2TransfersAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueAssetsLevel3ToLevel2TransfersAmount" xlink:to="plic_FairValueAssetsLevel3ToLevel2TransfersAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueAssetsLevel3ToLevel2TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of transfers of assets measured on a recurring basis out of Level 3 of the fair value hierarchy into Level 2. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueAssetsLevel3ToLevel2TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Level 3 to Level 2 Transfers, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueAssetsLevel3ToLevel2TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers out of Level 3 into Level 2 </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount" xlink:to="plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of transfers of net derivative assets (liabilities) measured on a recurring basis out of Level 2 of the fair value hierarchy into Level 3. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Net Derivative Asset Liability Level 2 To Level 3 Transfers Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel2ToLevel3TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers out of Level 2 into Level 3, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount" xlink:to="plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of transfers of net derivative assets (liabilities) measured on a recurring basis out of Level 3 of the fair value hierarchy into Level 2. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Net Derivative Asset Liability Level 3 To Level 2 Transfers Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueNetDerivativeAssetLiabilityLevel3ToLevel2TransfersAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Transfers out of Level 3 into Level 2, net derivative assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueInputsQuantitativeInformationTable" xlink:label="plic_FairValueInputsQuantitativeInformationTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueInputsQuantitativeInformationTable" xlink:to="plic_FairValueInputsQuantitativeInformationTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueInputsQuantitativeInformationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of the inputs used in the fair value measurement of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). This disclosure may include, but is not limited to, the fair value of the asset or liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueInputsQuantitativeInformationTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Level 3 Quantitative Information [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ValuationTechniqueAxis" xlink:label="us-gaap_ValuationTechniqueAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationTechniqueAxis" xlink:to="us-gaap_ValuationTechniqueAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationTechniqueAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Valuation Technique [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="us-gaap_ValuationTechniqueDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationTechniqueDomain" xlink:to="us-gaap_ValuationTechniqueDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationTechniqueDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Valuation Technique [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ValuationTechniqueDiscountedCashFlowMember" xlink:label="us-gaap_ValuationTechniqueDiscountedCashFlowMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationTechniqueDiscountedCashFlowMember" xlink:to="us-gaap_ValuationTechniqueDiscountedCashFlowMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationTechniqueDiscountedCashFlowMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discounted cash flow </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DiscountedCashFlowRealEstateMember" xlink:label="plic_DiscountedCashFlowRealEstateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DiscountedCashFlowRealEstateMember" xlink:to="plic_DiscountedCashFlowRealEstateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DiscountedCashFlowRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discounted cash flow valuation technique used to measure fair value of real estate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DiscountedCashFlowRealEstateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discounted cash flow, real estate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DiscountedCashFlowRealEstateDebtMember" xlink:label="plic_DiscountedCashFlowRealEstateDebtMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DiscountedCashFlowRealEstateDebtMember" xlink:to="plic_DiscountedCashFlowRealEstateDebtMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DiscountedCashFlowRealEstateDebtMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discounted cash flow valuation technique used to measure fair value of real estate debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DiscountedCashFlowRealEstateDebtMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discounted cash flow, real estate debt </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputDiscountRateMember" xlink:label="us-gaap_MeasurementInputDiscountRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputDiscountRateMember" xlink:to="us-gaap_MeasurementInputDiscountRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputDiscountRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Discount rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputEbitdaMultipleMember" xlink:label="us-gaap_MeasurementInputEbitdaMultipleMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputEbitdaMultipleMember" xlink:to="us-gaap_MeasurementInputEbitdaMultipleMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputEbitdaMultipleMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement Input, EBITDA Multiple [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MeasurementInputEbitdaMultipleMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Earnings before interest, taxes, depreciation and amortization multiple </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputDiscountForLackOfMarketabilityMember" xlink:label="us-gaap_MeasurementInputDiscountForLackOfMarketabilityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputDiscountForLackOfMarketabilityMember" xlink:to="us-gaap_MeasurementInputDiscountForLackOfMarketabilityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputDiscountForLackOfMarketabilityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Illiquidity premium </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputComparabilityAdjustmentMember" xlink:label="us-gaap_MeasurementInputComparabilityAdjustmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputComparabilityAdjustmentMember" xlink:to="us-gaap_MeasurementInputComparabilityAdjustmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputComparabilityAdjustmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Comparability adjustment </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputDefaultRateMember" xlink:label="us-gaap_MeasurementInputDefaultRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputDefaultRateMember" xlink:to="us-gaap_MeasurementInputDefaultRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputDefaultRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Probability of default </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputLossSeverityMember" xlink:label="us-gaap_MeasurementInputLossSeverityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputLossSeverityMember" xlink:to="us-gaap_MeasurementInputLossSeverityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputLossSeverityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Potential loss severity </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MeasurementInputTerminalCapitalizationRateMember" xlink:label="plic_MeasurementInputTerminalCapitalizationRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MeasurementInputTerminalCapitalizationRateMember" xlink:to="plic_MeasurementInputTerminalCapitalizationRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MeasurementInputTerminalCapitalizationRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement input using the rate used to estimate the resale value of a property at the end of the holding period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MeasurementInputTerminalCapitalizationRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Terminal capitalization rate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MeasurementInputLongTermRevenueGrowthRateMember" xlink:label="us-gaap_MeasurementInputLongTermRevenueGrowthRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputLongTermRevenueGrowthRateMember" xlink:to="us-gaap_MeasurementInputLongTermRevenueGrowthRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputLongTermRevenueGrowthRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Average market rent growth rate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MeasurementInputLoanToValueRatioMember" xlink:label="plic_MeasurementInputLoanToValueRatioMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MeasurementInputLoanToValueRatioMember" xlink:to="plic_MeasurementInputLoanToValueRatioMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MeasurementInputLoanToValueRatioMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement input using a ratio equal to the mortgage amount divided by the appraised value of the property. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MeasurementInputLoanToValueRatioMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Loan to value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MeasurementInputMarketInterestRateMember" xlink:label="plic_MeasurementInputMarketInterestRateMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MeasurementInputMarketInterestRateMember" xlink:to="plic_MeasurementInputMarketInterestRateMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MeasurementInputMarketInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement input using the prevailing market rate of interest for a loan based on the duration, type, quality and structure of the existing security. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MeasurementInputMarketInterestRateMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market interest rate </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems" xlink:label="plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems" xlink:to="plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Inputs Assets (Liabilities) Quantitative Information [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueInputsAssetsLiabilitiesQuantitativeInformationLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unobservable inputs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleValuationTechniqueExtensibleList" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleValuationTechniqueExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleValuationTechniqueExtensibleList" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleValuationTechniqueExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleValuationTechniqueExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Valuation Technique [Extensible List] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleValuationTechniqueExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale, Valuation technique </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput" xlink:to="us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Available-for-sale, Measurement Input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, available-for-sale, Input </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtSecuritiesTradingMeasurementInput" xlink:label="us-gaap_DebtSecuritiesTradingMeasurementInput" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesTradingMeasurementInput" xlink:to="us-gaap_DebtSecuritiesTradingMeasurementInput_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesTradingMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Debt Securities, Trading, Measurement Input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtSecuritiesTradingMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fixed maturities, trading, Input </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherInvestmentsMeasurementInput" xlink:label="plic_OtherInvestmentsMeasurementInput" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherInvestmentsMeasurementInput" xlink:to="plic_OtherInvestmentsMeasurementInput_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherInvestmentsMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of input used to measure other investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherInvestmentsMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Investments Measurement Input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherInvestmentsMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments, Input </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountAssetsMeasurementInput" xlink:label="plic_SeparateAccountAssetsMeasurementInput" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountAssetsMeasurementInput" xlink:to="plic_SeparateAccountAssetsMeasurementInput_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountAssetsMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Value of input used to measure separate account assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountAssetsMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Assets, Measurement Input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SeparateAccountAssetsMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account assets, Input </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmbeddedDerivativeLiabilityValuationTechniqueExtensibleList" xlink:label="us-gaap_EmbeddedDerivativeLiabilityValuationTechniqueExtensibleList" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeLiabilityValuationTechniqueExtensibleList" xlink:to="us-gaap_EmbeddedDerivativeLiabilityValuationTechniqueExtensibleList_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeLiabilityValuationTechniqueExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded Derivative Liability, Valuation Technique [Extensible List] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeLiabilityValuationTechniqueExtensibleList_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivative, Valuation technique </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmbeddedDerivativeLiabilityMeasurementInput" xlink:label="us-gaap_EmbeddedDerivativeLiabilityMeasurementInput" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeLiabilityMeasurementInput" xlink:to="us-gaap_EmbeddedDerivativeLiabilityMeasurementInput_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeLiabilityMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded Derivative Liability, Measurement Input </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeLiabilityMeasurementInput_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Embedded derivative, Input </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTable" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionQuantitativeDisclosuresTable" xlink:to="us-gaap_FairValueOptionQuantitativeDisclosuresTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Option, Quantitative Disclosures [Table] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember" xlink:label="plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember" xlink:to="plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Certain other loans of a consolidated VIE that were subject to amortized cost accounting and a valuation allowance for which the fair value option was elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Certain Other Loans Of Consolidated Variable Interest Entity [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CertainOtherLoansOfConsolidatedVariableInterestEntityMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other loans of consolidated VIEs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentsMember" xlink:label="us-gaap_EquityMethodInvestmentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsMember" xlink:to="us-gaap_EquityMethodInvestmentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Real Estate Ventures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresLineItems" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems" xlink:to="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Option, Quantitative Disclosures [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Option, Quantitative Disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected" xlink:label="plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected" xlink:to="plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The fair value of assets for which the fair value option was elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Option, Fair Value of Assets for Which Fair Value Option Was Elected </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueOptionFairValueOfAssetsForWhichFairValueOptionWasElected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected" xlink:label="plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected" xlink:to="plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The contractual principal amounts of assets for which the fair value option was elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value Option, Contractual Principal Amounts of Assets for Which Fair Value Option was Elected </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FairValueOptionContractualPrincipalAmountsOfAssetsForWhichFairValueOptionWasElected_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate contractual principal </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk" xlink:label="plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk" xlink:to="plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount change in fair value pre-tax loss - instrument specific credit risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change In Fair Value Pre Tax Loss Instrument Specific Credit Risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ChangeInFairValuePreTaxLossInstrumentSpecificCreditRisk_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in fair value pre-tax loss - instrument specific credit risk </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:label="us-gaap_FairValueOptionChangesInFairValueGainLoss1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:to="us-gaap_FairValueOptionChangesInFairValueGainLoss1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionChangesInFairValueGainLoss1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair Value, Option, Changes in Fair Value, Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionChangesInFairValueGainLoss1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in fair value pre-tax gain (loss) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialInstrumentsNotReportedAtFairValueTable" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialInstrumentsNotReportedAtFairValueTable" xlink:to="plic_FinancialInstrumentsNotReportedAtFairValueTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) that are not measured at fair value on a recurring basis. Such disclosures about the financial instruments include the fair value of the required items together with their carrying amounts (as appropriate). The fair value measurements at the reporting date also include the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Schedule of Financial Instruments Not Reported at Fair Value [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="us-gaap_FairValueByMeasurementBasisAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementBasisAxis" xlink:to="us-gaap_FairValueByMeasurementBasisAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Measurement Basis [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:to="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Portion at Fair Value Measurement [Member] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:to="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying amount </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:to="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets (liabilities) measured at fair value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FinancialInstrumentsNotReportedAtFairValueLineItems" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FinancialInstrumentsNotReportedAtFairValueLineItems" xlink:to="plic_FinancialInstrumentsNotReportedAtFairValueLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments Not Reported at Fair Value [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_FinancialInstrumentsNotReportedAtFairValueLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Carrying value and estimated fair value of financial instruments, financial statement captions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:label="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:to="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assets (liabilities) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherInvestmentsFairValueDisclosure" xlink:label="plic_OtherInvestmentsFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherInvestmentsFairValueDisclosure" xlink:to="plic_OtherInvestmentsFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents invested assets not specifically identified in the statement of financial position, excluding derivative assets. This includes invested assets such as seed money and commercial mortgage loans of consolidated variable interest entities reported at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Investments, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CashAndCashEquivalentFairValueDisclosure" xlink:label="plic_CashAndCashEquivalentFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CashAndCashEquivalentFairValueDisclosure" xlink:to="plic_CashAndCashEquivalentFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CashAndCashEquivalentFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Includes currency on hand and other cash equivalents not required to be reported at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CashAndCashEquivalentFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and Cash Equivalent, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_CashAndCashEquivalentFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash and cash equivalents not required to be reported at fair value </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CashCollateralReceivable" xlink:label="plic_CashCollateralReceivable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CashCollateralReceivable" xlink:to="plic_CashCollateralReceivable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CashCollateralReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The carrying amount of cash collateral receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CashCollateralReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Collateral Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CashCollateralReceivable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash collateral receivable </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InvestmentContractsFairValueDisclosure" xlink:label="plic_InvestmentContractsFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InvestmentContractsFairValueDisclosure" xlink:to="plic_InvestmentContractsFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InvestmentContractsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents investment contracts such as guaranteed investment contracts and funding arrangements that do not have significant insurance risk. This item excludes any embedded derivatives within investment host contracts that are required to be reported at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InvestmentContractsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment Contracts, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_InvestmentContractsFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investment contracts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SeparateAccountLiabilitiesFairValueDisclosure" xlink:label="plic_SeparateAccountLiabilitiesFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SeparateAccountLiabilitiesFairValueDisclosure" xlink:to="plic_SeparateAccountLiabilitiesFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SeparateAccountLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents investment-type separate account liabilities that do not have significant insurance risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SeparateAccountLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate Account Liabilities, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_SeparateAccountLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Separate account liabilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Deposits" xlink:label="us-gaap_Deposits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Deposits" xlink:to="us-gaap_Deposits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Bank deposits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CashCollateralLiabilityFairValueDisclosure" xlink:label="plic_CashCollateralLiabilityFairValueDisclosure" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CashCollateralLiabilityFairValueDisclosure" xlink:to="plic_CashCollateralLiabilityFairValueDisclosure_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CashCollateralLiabilityFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> This item represents the obligation to return cash received as collateral from counterparties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CashCollateralLiabilityFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash Collateral, Liability, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_CashCollateralLiabilityFairValueDisclosure_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cash collateral payable </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StatutoryAccountingPracticesStatutoryNetIncomeAndSurplusAbstract" xlink:label="plic_StatutoryAccountingPracticesStatutoryNetIncomeAndSurplusAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StatutoryAccountingPracticesStatutoryNetIncomeAndSurplusAbstract" xlink:to="plic_StatutoryAccountingPracticesStatutoryNetIncomeAndSurplusAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StatutoryAccountingPracticesStatutoryNetIncomeAndSurplusAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Accounting Practices, Statutory Net Income and Surplus [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StatutoryAccountingPracticesStatutoryNetIncomeAndSurplusAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory disclosures </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries" xlink:label="plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries" xlink:to="plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of statutory reserves assumed by affiliated reinsurance subsidiaries. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Reserves Assumed by Affiliated Reinsurance Subsidiaries </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StatutoryReservesAssumedByAffiliatedReinsuranceSubsidiaries_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory reserves assumed by affiliated reinsurance subsidiaries </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices" xlink:label="plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices" xlink:to="plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount as of the balance sheet date of assets admitted due to applying state prescribed and permitted statutory accounting practices rather than statutory accounting practices prescribed by the National Association of Insurance Commissioners. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Admitted Assets Under Prescribed and Permitted Statutory Accounting Practices </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_AdmittedAssetsUnderPrescribedAndPermittedStatutoryAccountingPractices_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Admitted assets under prescribed and permitted statutory accounting practices </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries" xlink:label="plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries" xlink:to="plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of ULSG reserves assumed by affiliated reinsurance subsidiaries in Vermont and then ceded to a third party reinsurer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Insurance Ceded Out Of ULSG Reserves By Affiliated Reinsurance Subsidiaries </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InsuranceCededOutOfUlsgReservesByAffiliatedReinsuranceSubsidiaries_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> ULSG reserves assumed by affiliated reinsurance subsidiaries and then ceded to a third party reinsurer </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount" xlink:to="us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Accounting Practices, Statutory Net Income Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory net income (loss) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:to="us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory Accounting Practices, Statutory Capital and Surplus, Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Statutory capital and surplus </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable" xlink:to="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Assets from Segment to Consolidated [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:label="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:to="us-gaap_SegmentReportingAssetReconcilingItemLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingAssetReconcilingItemLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Reporting, Asset Reconciling Item [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingAssetReconcilingItemLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Information: Assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTable" xlink:label="plic_ReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTable" xlink:to="plic_ReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Identification, description, and amounts of all significant reconciling items in the reconciliation of (1) operating revenues from reportable segments to consolidated revenues and (2) pre-tax operating earnings from reportable segments to consolidated income before income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReconciliationOfOperatingRevenueAndProfitLossFromSegmentsToConsolidatedTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation Of Operating Revenue And Profit (Loss) From Segments To Consolidated [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsAxis" xlink:label="srt_ConsolidationItemsAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsAxis" xlink:to="srt_ConsolidationItemsAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidationItemsAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidation Items [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsDomain" xlink:label="srt_ConsolidationItemsDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsDomain" xlink:to="srt_ConsolidationItemsDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidationItemsDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Consolidation Items [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingSegmentsMember" xlink:label="us-gaap_OperatingSegmentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingSegmentsMember" xlink:to="us-gaap_OperatingSegmentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Segments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MaterialReconcilingItemsMember" xlink:label="us-gaap_MaterialReconcilingItemsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaterialReconcilingItemsMember" xlink:to="us-gaap_MaterialReconcilingItemsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaterialReconcilingItemsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciling Items </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SubsegmentEliminationsMember" xlink:label="plic_SubsegmentEliminationsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SubsegmentEliminationsMember" xlink:to="plic_SubsegmentEliminationsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SubsegmentEliminationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents eliminations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SubsegmentEliminationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Eliminations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SubsegmentEliminationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Eliminations </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems" xlink:label="plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems" xlink:to="plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Revenue And Profit (Loss) From Segments To Consolidated [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Revenue And Profit (Loss) From Segments To Consolidated </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OperatingRevenues" xlink:label="plic_OperatingRevenues" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OperatingRevenues" xlink:to="plic_OperatingRevenues_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OperatingRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating revenues is a measure of revenue for the operating segments. It is derived by adjusting total revenues for net realized capital gains and losses (except periodic settlements and accruals on derivatives not designated as hedging instruments), including their impact on recognition of front-end fee revenues, certain market value adjustments to fee revenues and amortization of hedge accounting book value adjustments for certain discontinued hedges, and revenue from the exited group medical insurance business. Operating revenues also includes operating revenues from real estate properties that qualify for discontinued operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OperatingRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating Revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OperatingRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Operating revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_OperatingRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total operating revenues </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentReportingInformationNetRealizedCapitalGainsLosses" xlink:label="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses" xlink:to="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses) net of recognition of deferred front-end fee revenues for sales charges on retirement products and services and certain market value adjustments to fee revenues. It excludes periodic settlements and accruals on derivatives not designated as hedging instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Reporting Information, Net Realized Capital Gains (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses), net of related revenue adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_SegmentReportingInformationNetRealizedCapitalGainsLosses_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net realized capital gains (losses), net of related revenue adjustments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RevenueFromExitedBusiness" xlink:label="plic_RevenueFromExitedBusiness" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RevenueFromExitedBusiness" xlink:to="plic_RevenueFromExitedBusiness_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RevenueFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents information pertaining to revenue from exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RevenueFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue From Exited Business </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RevenueFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from exited business </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_RevenueFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total revenues from exited business </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements" xlink:label="plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements" xlink:to="plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate revenue recognized during the period for market risk benefit derivative settlements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Report Information Market Risk Benefit Derivative Settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentReportInformationMarketRiskBenefitDerivativeSettlements_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market risk benefit derivative settlements </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PretaxOperatingEarnings" xlink:label="plic_PretaxOperatingEarnings" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PretaxOperatingEarnings" xlink:to="plic_PretaxOperatingEarnings_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PretaxOperatingEarnings_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax operating earnings is a measure of profit or loss for the operating segments that is used to evaluate performance on a basis comparable to that used by securities analysts. It is derived by adjusting income before income taxes for pre-tax net realized capital gains (losses), as adjusted, pre-tax other adjustments management believes are not indicative of overall operating trends and certain adjustments related to equity method investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PretaxOperatingEarnings_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax Operating Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PretaxOperatingEarnings_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax operating earnings (losses) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments" xlink:label="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments" xlink:to="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax net realized capital gains (losses) are net of related changes in the amortization pattern of deferred acquisition costs and related actuarial balances, recognition of deferred front-end fee revenues for sales charges on retirement and life insurance products and services, amortization of hedge accounting book value adjustments for certain discontinued hedges, net realized capital gains and losses distributed, noncontrolling interest capital gains and losses, certain adjustments related to seed money and certain market value adjustments to fee revenues. Pre-tax net realized capital gains (losses), as adjusted, exclude periodic settlements and accruals on derivative instruments not designated as hedging instruments and exclude certain market value adjustments of embedded derivatives and realized capital gains (losses) associated with our exited group medical insurance business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Reporting Information, Pre-tax Net Realized Capital Gains (Losses) Net of Adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax net realized capital gains (losses), as adjusted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax net realized capital gains (losses), as adjusted </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PretaxIncomeFromExitedBusiness" xlink:label="plic_PretaxIncomeFromExitedBusiness" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PretaxIncomeFromExitedBusiness" xlink:to="plic_PretaxIncomeFromExitedBusiness_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PretaxIncomeFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The sum of income (expense), before income taxes for exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PretaxIncomeFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pretax Income From Exited Business </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PretaxIncomeFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax income (loss) from exited business </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="plic_PretaxIncomeFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total pre-tax income (loss) from exited business </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest" xlink:label="plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest" xlink:to="plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Aggregate earnings recognized during the period for adjustments related to equity method investments and noncontrolling interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Reporting Information, Earnings Adjustments Related to Equity Method Investments and Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments related to equity method investments and noncontrolling interest </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_InterSegmentRevenue" xlink:label="plic_InterSegmentRevenue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_InterSegmentRevenue" xlink:to="plic_InterSegmentRevenue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_InterSegmentRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of revenue resulting from transactions with other operating segments of the same entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_InterSegmentRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Inter-segment Revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_InterSegmentRevenue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Inter-segment revenues </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_RevenuesFromExitedBusinessAbstract" xlink:label="plic_RevenuesFromExitedBusinessAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_RevenuesFromExitedBusinessAbstract" xlink:to="plic_RevenuesFromExitedBusinessAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_RevenuesFromExitedBusinessAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_RevenuesFromExitedBusinessAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues From Exited Business [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_RevenuesFromExitedBusinessAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from exited business: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_AmortizationOfReinsuranceGain" xlink:label="plic_AmortizationOfReinsuranceGain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_AmortizationOfReinsuranceGain" xlink:to="plic_AmortizationOfReinsuranceGain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_AmortizationOfReinsuranceGain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents information pertaining to amortization of reinsurance gain. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_AmortizationOfReinsuranceGain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization Of Reinsurance Gain </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_AmortizationOfReinsuranceGain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of reinsurance gain </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherImpactsOfReinsuredBusiness" xlink:label="plic_OtherImpactsOfReinsuredBusiness" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherImpactsOfReinsuredBusiness" xlink:to="plic_OtherImpactsOfReinsuredBusiness_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherImpactsOfReinsuredBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of increase (decrease) in revenue due to other impacts of reinsured business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherImpactsOfReinsuredBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Impacts of Reinsured Business </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherImpactsOfReinsuredBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other impacts of reinsured business </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract" xlink:label="plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract" xlink:to="plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Net Realized Capital Gains (Losses) [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ReconciliationOfNetRealizedCapitalGainsLossesAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Information: Net realized capital gains (losses), as adjusted </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeAndHedgingRelatedAdjustments" xlink:label="plic_DerivativeAndHedgingRelatedAdjustments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeAndHedgingRelatedAdjustments" xlink:to="plic_DerivativeAndHedgingRelatedAdjustments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeAndHedgingRelatedAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net impact to revenue of (1) adjustment for periodic settlements and accruals on derivatives not designated as hedging instruments to move that amount from net realized capital gains (losses) to net investment income for segment profit (loss) reporting, (2) adjustment for mark-to-market adjustments on derivatives and hedged items to move that amount from net investment income to net realized capital gains (losses) for segment profit (loss) reporting and (3) amortization of the cumulative fair value adjustment for assets that have had fair value hedge accounting terminated to move that amount from net investment income to net realized capital gains (losses) for segment profit (loss) reporting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeAndHedgingRelatedAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative and Hedging-related Adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DerivativeAndHedgingRelatedAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative and hedging-related revenue adjustments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketValueAdjustmentsFeeRevenues" xlink:label="plic_MarketValueAdjustmentsFeeRevenues" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketValueAdjustmentsFeeRevenues" xlink:to="plic_MarketValueAdjustmentsFeeRevenues_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketValueAdjustmentsFeeRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment to move amounts reported in fees and other revenues to net realized capital gains (losses) for segment profit (loss) reporting related to participating contract cash out gains/losses related to net realized capital losses/gains on the sale of invested assets used to fund the cash out of the contract at market value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketValueAdjustmentsFeeRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Value Adjustments, Fee Revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_MarketValueAdjustmentsFeeRevenues_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market value adjustments to fee revenues </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CertainVariableAnnuityFees" xlink:label="plic_CertainVariableAnnuityFees" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CertainVariableAnnuityFees" xlink:to="plic_CertainVariableAnnuityFees_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CertainVariableAnnuityFees_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of adjustment to net realized capital losses related to certain variable annuity fees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CertainVariableAnnuityFees_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Certain Variable Annuity Fees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_CertainVariableAnnuityFees_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Certain variable annuity fees </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets" xlink:to="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of change in fair value of funds withheld embedded derivative and net realized capital losses on funds withheld assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change In Fair Value Of Funds Withheld Embedded Derivative And Net Realized Capital Losses on Funds Withheld Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ChangeInFairValueOfFundsWithheldEmbeddedDerivativeAndNetRealizedCapitalLossesOnFundsWithheldAssets_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in fair value of funds withheld embedded derivative and net realized capital losses on funds withheld assets </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense" xlink:label="plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense" xlink:to="plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment to move amounts reported in operating expenses and benefits, claims and settlement expenses to net realized capital gains (losses) for segment profit (loss) reporting related to the portion of amortization expense from deferred acquisition costs and other actuarial balances, respectively, attributable to the portion of estimated gross profits related to net realized capital gains (losses). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deferred Acquisition Cost and Other Actuarial Balances, Amortization Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DeferredAcquisitionCostAndOtherActuarialBalancesAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization of deferred acquisition costs and other actuarial balances </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CapitalGainsLossesDistributed" xlink:label="plic_CapitalGainsLossesDistributed" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CapitalGainsLossesDistributed" xlink:to="plic_CapitalGainsLossesDistributed_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CapitalGainsLossesDistributed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment to move amounts reported in benefits, claims and settlement expenses to net realized capital gains (losses) for segment profit (loss) reporting related to net realized capital gains (losses) distributed to participating insurance or investment contract participants through interest crediting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CapitalGainsLossesDistributed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capital (Gains) Losses Distributed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_CapitalGainsLossesDistributed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capital (gains) losses distributed </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_DerivativeAndHedgingRelatedExpenseAdjustments" xlink:label="plic_DerivativeAndHedgingRelatedExpenseAdjustments" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_DerivativeAndHedgingRelatedExpenseAdjustments" xlink:to="plic_DerivativeAndHedgingRelatedExpenseAdjustments_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_DerivativeAndHedgingRelatedExpenseAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net impact to expense of adjustment for mark-to-market adjustments on derivatives and hedged items to move that amount from benefits, claims and settlement expense to net realized capital gains (losses) for segment profit (loss) reporting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_DerivativeAndHedgingRelatedExpenseAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative and Hedging Related Expense Adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_DerivativeAndHedgingRelatedExpenseAdjustments_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Derivative and hedging-related expense adjustments </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketValueAdjustmentOfMarketRiskBenefits" xlink:label="plic_MarketValueAdjustmentOfMarketRiskBenefits" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketValueAdjustmentOfMarketRiskBenefits" xlink:to="plic_MarketValueAdjustmentOfMarketRiskBenefits_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketValueAdjustmentOfMarketRiskBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment to net realized capital gains (losses) related to market value adjustments of market risk benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketValueAdjustmentOfMarketRiskBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Value Adjustment Of Market Risk Benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketValueAdjustmentOfMarketRiskBenefits_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market value adjustments of market risk benefits </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MarketValueAdjustmentsEmbeddedDerivatives" xlink:label="plic_MarketValueAdjustmentsEmbeddedDerivatives" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MarketValueAdjustmentsEmbeddedDerivatives" xlink:to="plic_MarketValueAdjustmentsEmbeddedDerivatives_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MarketValueAdjustmentsEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for the portion of the change in fair value of embedded derivatives related to customer behavior-related impacts, which is a risk we assume, to move that amount to benefits, claims and settlement expenses for segment profit (loss) reporting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MarketValueAdjustmentsEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market Value Adjustments, Embedded Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MarketValueAdjustmentsEmbeddedDerivatives_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Market value adjustments of embedded derivatives </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PreTaxIncomeLossFromExitedBusinessAbstract" xlink:label="plic_PreTaxIncomeLossFromExitedBusinessAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PreTaxIncomeLossFromExitedBusinessAbstract" xlink:to="plic_PreTaxIncomeLossFromExitedBusinessAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PreTaxIncomeLossFromExitedBusinessAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PreTaxIncomeLossFromExitedBusinessAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre Tax Income Loss From Exited Business [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PreTaxIncomeLossFromExitedBusinessAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax income (loss) from exited business: </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss" xlink:label="plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss" xlink:to="plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The impact on pre-tax income of strategic review costs and impacts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Strategic Review Costs And Impacts On Pre Tax Income Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_StrategicReviewCostsAndimpactsOnPreTaxincomeLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Strategic review costs and impacts </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherImpactsOfReinsuredBusinessPreTaxIncome" xlink:label="plic_OtherImpactsOfReinsuredBusinessPreTaxIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherImpactsOfReinsuredBusinessPreTaxIncome" xlink:to="plic_OtherImpactsOfReinsuredBusinessPreTaxIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherImpactsOfReinsuredBusinessPreTaxIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of decrease in pre-tax income due to other impacts of reinsured business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherImpactsOfReinsuredBusinessPreTaxIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Impacts Of Reinsured Business Pre Tax Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="plic_OtherImpactsOfReinsuredBusinessPreTaxIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other impacts of reinsured business </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTable" xlink:label="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTable" xlink:to="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems" xlink:label="us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems" xlink:to="us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Information: Income tax expense (benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Information: Depreciation and amortization expense </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentIncomeTaxExpenseBenefit" xlink:label="plic_SegmentIncomeTaxExpenseBenefit" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentIncomeTaxExpenseBenefit" xlink:to="plic_SegmentIncomeTaxExpenseBenefit_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to operating earnings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total segment income tax expense (benefit) from operating earnings (losses) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_NetRealizedCapitalGainsLossesIncomeTaxes" xlink:label="plic_NetRealizedCapitalGainsLossesIncomeTaxes" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_NetRealizedCapitalGainsLossesIncomeTaxes" xlink:to="plic_NetRealizedCapitalGainsLossesIncomeTaxes_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_NetRealizedCapitalGainsLossesIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for the income tax effect of the pre-tax net realized capital gains (losses), as adjusted. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_NetRealizedCapitalGainsLossesIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Net Realized Capital (Gains) Losses, Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_NetRealizedCapitalGainsLossesIncomeTaxes_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tax expense (benefit) related to net realized capital gains (losses), as adjusted </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect" xlink:label="plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect" xlink:to="plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustment for the income tax effect of pre-tax other adjustments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Reporting Information, Other After-Tax Adjustments Tax Effect </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_SegmentReportingInformationOtherAfterTaxAdjustmentsTaxEffect_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Tax expense related to exited business </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentDepreciationAndAmortizationExpense" xlink:label="plic_SegmentDepreciationAndAmortizationExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentDepreciationAndAmortizationExpense" xlink:to="plic_SegmentDepreciationAndAmortizationExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentDepreciationAndAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of depreciation and amortization expense for the reportable segments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentDepreciationAndAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Depreciation and Amortization Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SegmentDepreciationAndAmortizationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total segment depreciation and amortization expense included in pre-tax operating earnings </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness" xlink:label="plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness" xlink:to="plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of depreciation and amortization expense for the reportable segments from exited business. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Segment Depreciation And Amortization Expense From Exited Business </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_SegmentDepreciationAndAmortizationExpenseFromExitedBusiness_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Depreciation and amortization expense related to exited business </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Depreciation, Depletion and Amortization, Nonproduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Depreciation and amortization expense </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_SubsegmentRetirementAndIncomeSolutionsMember" xlink:label="plic_SubsegmentRetirementAndIncomeSolutionsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_SubsegmentRetirementAndIncomeSolutionsMember" xlink:to="plic_SubsegmentRetirementAndIncomeSolutionsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_SubsegmentRetirementAndIncomeSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The member stands for subsegment retirement and income solutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_SubsegmentRetirementAndIncomeSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Subsegment Retirement and Income Solutions [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_SubsegmentRetirementAndIncomeSolutionsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Retirement and Income Solutions </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueAbstract" xlink:label="us-gaap_DisaggregationOfRevenueAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueAbstract" xlink:to="us-gaap_DisaggregationOfRevenueAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Disaggregation of Revenue [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisaggregationOfRevenueAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenues from Contracts with Customers - Disaggregation of Revenues </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:to="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue from Contract with Customer, Excluding Assessed Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total segment revenue from contracts with customers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Total revenues from contracts with customers </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance" xlink:label="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance" xlink:to="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount of fees and commissions from financial services and banking activities and correspondent clearing, excluding contracts with customers and other pre-tax adjustments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fees and Other Revenues Not Within the Scope of Revenue Recognition Guidance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fees and other revenues not within the scope of revenue recognition guidance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="plic_FeesAndOtherRevenuesNotWithinScopeOfRevenueRecognitionGuidance_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Adjustments for fees and other revenues not within the scope of revenue recognition guidance </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome" xlink:label="plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome" xlink:to="plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The amount of other adjustments before tax in reconciling segment revenues from contracts with customers to consolidated revenues from fees and commissions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-Tax Other Adjustments in Reconciling Segment Revenues to Consolidated Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_PreTaxOtherAdjustmentsInReconcilingSegmentRevenuesToConsolidatedIncome_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Pre-tax other adjustments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdministrativeServiceMember" xlink:label="us-gaap_AdministrativeServiceMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdministrativeServiceMember" xlink:to="us-gaap_AdministrativeServiceMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdministrativeServiceMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Administrative service fee revenue </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepositAccountMember" xlink:label="us-gaap_DepositAccountMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositAccountMember" xlink:to="us-gaap_DepositAccountMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositAccountMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Deposit account fee revenue </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinancialServiceOtherMember" xlink:label="us-gaap_FinancialServiceOtherMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialServiceOtherMember" xlink:to="us-gaap_FinancialServiceOtherMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialServiceOtherMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other fee revenue </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_CommissionIncomeMember" xlink:label="plic_CommissionIncomeMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_CommissionIncomeMember" xlink:to="plic_CommissionIncomeMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_CommissionIncomeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commission income from brokerage services. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_CommissionIncomeMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Commission income </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ProductsAndServicesEliminationsMember" xlink:label="plic_ProductsAndServicesEliminationsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ProductsAndServicesEliminationsMember" xlink:to="plic_ProductsAndServicesEliminationsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ProductsAndServicesEliminationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Eliminations between revenues disaggregated by products and services. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ProductsAndServicesEliminationsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue by type - Eliminations </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostTable" xlink:label="us-gaap_CapitalizedContractCostTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostTable" xlink:to="us-gaap_CapitalizedContractCostTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized Contract Cost [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostLineItems" xlink:label="us-gaap_CapitalizedContractCostLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostLineItems" xlink:to="us-gaap_CapitalizedContractCostLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized Contract Cost [Line Items] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostAbstract" xlink:label="us-gaap_CapitalizedContractCostAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostAbstract" xlink:to="us-gaap_CapitalizedContractCostAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized Contract Cost [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalizedContractCostAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract costs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostNet" xlink:label="us-gaap_CapitalizedContractCostNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostNet" xlink:to="us-gaap_CapitalizedContractCostNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized Contract Cost, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalizedContractCostNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contract cost asset </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuePracticalExpedientIncrementalCostOfObtainingContract" xlink:label="us-gaap_RevenuePracticalExpedientIncrementalCostOfObtainingContract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuePracticalExpedientIncrementalCostOfObtainingContract" xlink:to="us-gaap_RevenuePracticalExpedientIncrementalCostOfObtainingContract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuePracticalExpedientIncrementalCostOfObtainingContract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Revenue, Practical Expedient, Incremental Cost of Obtaining Contract [true/false] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenuePracticalExpedientIncrementalCostOfObtainingContract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Practical expedient, incremental costs of obtaining a contract </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostAmortization" xlink:label="us-gaap_CapitalizedContractCostAmortization" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostAmortization" xlink:to="us-gaap_CapitalizedContractCostAmortization_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized Contract Cost, Amortization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalizedContractCostAmortization_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amortization expense of contract cost asset </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostImpairmentLoss" xlink:label="us-gaap_CapitalizedContractCostImpairmentLoss" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostImpairmentLoss" xlink:to="us-gaap_CapitalizedContractCostImpairmentLoss_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostImpairmentLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized Contract Cost, Impairment Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalizedContractCostImpairmentLoss_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Impairment loss for contract cost asset </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PlanNameAxis" xlink:label="us-gaap_PlanNameAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Plan Name [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PlanNameDomain" xlink:label="us-gaap_PlanNameDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameDomain" xlink:to="us-gaap_PlanNameDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans [Domain] </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StockBasedCompensationPlansMember" xlink:label="plic_StockBasedCompensationPlansMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StockBasedCompensationPlansMember" xlink:to="plic_StockBasedCompensationPlansMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StockBasedCompensationPlansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based compensation plans under which stock awards can be granted. This includes the stock incentive plans as well as the employee stock purchase plan and long-term performance plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StockBasedCompensationPlansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock Based Compensation Plans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StockBasedCompensationPlansMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation Plans </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember" xlink:label="plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember" xlink:to="plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Specific share-based compensation plans under which stock awards were previously granted, but which will no longer be granted in future periods. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2020 Directors Stock Plan, the 2014 Stock Incentive Plan, the 2014 Directors Stock Plan, the Amended and Restated 2010 Stock Incentive Plan, the 2005 Directors Stock Plan, the Stock Incentive Plan or the Directors Stock Plan [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StockBasedCompensationDirectorsStockPlanStockIncentivePlanAmendedAndRestatedStockIncentivePlanDirectorsStockPlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2020 Directors Stock Plan, the 2014 Stock Incentive Plan, the 2014 Directors Stock Plan, the Amended and Restated 2010 Stock Incentive Plan, the 2005 Directors Stock Plan, the Stock Incentive Plan or the Directors Stock Plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted" xlink:to="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the number of shares (or other type of equity) that will be granted under specified plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award Number of Shares that will be Granted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesThatWillBeGranted_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Number of shares that will be granted </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Allocated Share-based Compensation Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Compensation cost </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Service Share-based Compensation, Tax Benefit from Compensation Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Related income tax benefit </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized" xlink:label="plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized" xlink:to="plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Represents the compensation cost capitalized during the period arising from share-based compensation arrangements (for example, shares of stock, stock options or other equity instruments) with employees and certain agents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-Based Compensation Arrangement, Share-Based Payment Award, Amount Capitalized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ShareBasedCompensationArrangementShareBasedPaymentAwardAmountCapitalized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Capitalized as part of an asset </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis" xlink:label="us-gaap_AwardTypeAxis" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AwardTypeAxis_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Award Type [Axis] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock-Based Compensation by Award Type [Domain] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="us-gaap_EmployeeStockOptionMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeStockOptionMember" xlink:to="us-gaap_EmployeeStockOptionMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeStockOptionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nonqualified Stock Options [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EmployeeStockOptionMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Nonqualified Stock Options </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Options granted (in shares) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Assumptions used to estimate fair value of stock options granted during period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average expected volatility (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average expected term </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average risk-free interest rate (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average expected dividend yield (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average estimated fair value of stock options granted (in dollars per share) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_OtherNonqualifiedStockOptionDisclosuresAbstract" xlink:label="plic_OtherNonqualifiedStockOptionDisclosuresAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_OtherNonqualifiedStockOptionDisclosuresAbstract" xlink:to="plic_OtherNonqualifiedStockOptionDisclosuresAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_OtherNonqualifiedStockOptionDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> No definition available. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_OtherNonqualifiedStockOptionDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other Nonqualified Stock Option Disclosures [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_OtherNonqualifiedStockOptionDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other nonqualified stock option disclosures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Unrecognized compensation costs </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average service period over which unrecognized compensation costs will be recognized </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember" xlink:to="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Specific share-based compensation plans under which stock awards can be or have previously been granted to employees and agents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Stock Based Compensation Plans 2014 Stock Incentive Plan Amended And Restated 2010 Stock Incentive Plan 2021 Stock Incentive Plan [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlan2021StockIncentivePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2014 Stock Incentive Plan, Amended and Restated 2010 Stock Incentive Plan and 2021 Stock Incentive Plan </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PerformanceSharesMember" xlink:label="us-gaap_PerformanceSharesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PerformanceSharesMember" xlink:to="us-gaap_PerformanceSharesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PerformanceSharesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Performance Share Awards [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PerformanceSharesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Performance Share Awards </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="us-gaap_RestrictedStockUnitsRSUMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockUnitsRSUMember" xlink:to="us-gaap_RestrictedStockUnitsRSUMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Restricted Stock Units [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Restricted Stock Units </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears" xlink:to="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The number of years in the performance period for the purpose of setting performance goals for a share-based compensation plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-Based Compensation Arrangement by Share-Based Payment Award Performance Goals, In Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceGoalsInYears_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Performance period for goals </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in nonvested units outstanding </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Awards or units granted, Weighted-average grant-date fair value (in dollars per share) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other award and unit disclosures </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Vesting period </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EmployeeStockPurchasePlanMember" xlink:label="plic_EmployeeStockPurchasePlanMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EmployeeStockPurchasePlanMember" xlink:to="plic_EmployeeStockPurchasePlanMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EmployeeStockPurchasePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> A plan under which employees of the corporation can purchase the corporation's stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EmployeeStockPurchasePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Stock Purchase Plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EmployeeStockPurchasePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Stock Purchase Plan </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount" xlink:label="plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount" xlink:to="plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The weighted-average fair value per share of the discount applied to employee purchases under the employee stock purchase plan during the period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Stock Purchase Plan, Weighted Average, Fair Value of Discount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EmployeeStockPurchasePlanWeightedAverageFairValueOfDiscount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Weighted-average fair value of discount on employee stock purchase plan (in dollars per share) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_MaximumValueOfSharesAvailableForPurchasePerYear" xlink:label="plic_MaximumValueOfSharesAvailableForPurchasePerYear" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_MaximumValueOfSharesAvailableForPurchasePerYear" xlink:to="plic_MaximumValueOfSharesAvailableForPurchasePerYear_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_MaximumValueOfSharesAvailableForPurchasePerYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The maximum value of company common stock employees may purchase each year under the Employee Stock Purchase Plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_MaximumValueOfSharesAvailableForPurchasePerYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum Value of Shares Available for Purchase Per Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_MaximumValueOfSharesAvailableForPurchasePerYear_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Maximum value of company common stock that can be purchased by an employee per year </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_EmployeePurchasePriceAsPercentOfFairMarketValue" xlink:label="plic_EmployeePurchasePriceAsPercentOfFairMarketValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_EmployeePurchasePriceAsPercentOfFairMarketValue" xlink:to="plic_EmployeePurchasePriceAsPercentOfFairMarketValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_EmployeePurchasePriceAsPercentOfFairMarketValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> The specified percentage of the shares' fair market value as of the beginning or end of the contribution period at which employees may purchase shares of company common stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_EmployeePurchasePriceAsPercentOfFairMarketValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee Purchase Price as Percent of Fair Market Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_EmployeePurchasePriceAsPercentOfFairMarketValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Employee purchase price as a percent of fair market value (as a percent) </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlanStockIncentivePlanMember" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlanStockIncentivePlanMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlanStockIncentivePlanMember" xlink:to="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlanStockIncentivePlanMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlanStockIncentivePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Specific share-based compensation plans under which stock awards can be or have previously been granted to employees and agents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_StockBasedCompensationPlans2014StockIncentivePlanAmendedAndRestated2010StockIncentivePlanStockIncentivePlanMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> 2014 Stock Incentive Plan, Amended and Restated 2010 Stock Incentive Plan and Stock Incentive Plan </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Option expiration period </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Change in options outstanding </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:to="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments, Other than Investments in Related Parties [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PublicUtilityBondsMember" xlink:label="us-gaap_PublicUtilityBondsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PublicUtilityBondsMember" xlink:to="us-gaap_PublicUtilityBondsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PublicUtilityBondsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Public utilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PublicUtilityBondsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Public utilities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RedeemablePreferredStockMember" xlink:label="us-gaap_RedeemablePreferredStockMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RedeemablePreferredStockMember" xlink:to="us-gaap_RedeemablePreferredStockMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RedeemablePreferredStockMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Redeemable preferred stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RedeemablePreferredStockMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Redeemable preferred stock </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllOtherCorporateBondsMember" xlink:label="us-gaap_AllOtherCorporateBondsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllOtherCorporateBondsMember" xlink:to="us-gaap_AllOtherCorporateBondsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllOtherCorporateBondsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> All other corporate bonds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllOtherCorporateBondsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> All other corporate bonds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BanksTrustAndInsuranceEquitiesMember" xlink:label="us-gaap_BanksTrustAndInsuranceEquitiesMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BanksTrustAndInsuranceEquitiesMember" xlink:to="us-gaap_BanksTrustAndInsuranceEquitiesMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BanksTrustAndInsuranceEquitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Common stocks: Banks, trust and insurance companies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BanksTrustAndInsuranceEquitiesMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Banks, trust and insurance companies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonredeemablePreferredStockMember" xlink:label="us-gaap_NonredeemablePreferredStockMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonredeemablePreferredStockMember" xlink:to="us-gaap_NonredeemablePreferredStockMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonredeemablePreferredStockMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Non-redeemable preferred stock </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateInvestmentMember" xlink:label="us-gaap_RealEstateInvestmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentMember" xlink:to="us-gaap_RealEstateInvestmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other real estate </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLongTermInvestmentsMember" xlink:label="us-gaap_OtherLongTermInvestmentsMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLongTermInvestmentsMember" xlink:to="us-gaap_OtherLongTermInvestmentsMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLongTermInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Investments: Other investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherLongTermInvestmentsMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other investments </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xlink:to="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments - Other Than Investments in Related Parties </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost" xlink:to="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments, Other than Investments in Related Parties, Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Cost </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue" xlink:to="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments, Other than Investments in Related Parties, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Fair value </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount" xlink:to="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Summary of Investments, Other than Investments in Related Parties, Carrying Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Amount as shown in the consolidated statement of financial position </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SupplementaryInsuranceInformationBySegmentTable" xlink:label="srt_SupplementaryInsuranceInformationBySegmentTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SupplementaryInsuranceInformationBySegmentTable" xlink:to="srt_SupplementaryInsuranceInformationBySegmentTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SupplementaryInsuranceInformationBySegmentTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplementary Insurance Information, by Segment [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SupplementaryInsuranceInformationBySegmentLineItems" xlink:label="srt_SupplementaryInsuranceInformationBySegmentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SupplementaryInsuranceInformationBySegmentLineItems" xlink:to="srt_SupplementaryInsuranceInformationBySegmentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SupplementaryInsuranceInformationBySegmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplementary Insurance Information, by Segment [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SupplementaryInsuranceInformationBySegmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplementary Insurance Information </label>
<loc xlink:type="locator" xlink:href="plic-20231231.xsd#plic_ContractholderAndOtherPolicyholderFunds" xlink:label="plic_ContractholderAndOtherPolicyholderFunds" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="plic_ContractholderAndOtherPolicyholderFunds" xlink:to="plic_ContractholderAndOtherPolicyholderFunds_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="plic_ContractholderAndOtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder funds include reserves for investment contracts and reserves for universal life insurance. Other policyholder funds represent the liability as of the balance sheet date to the policyholders for funds held that are returnable under the terms of insurance contracts that were not separately reported. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="plic_ContractholderAndOtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder and Other Policyholder Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="plic_ContractholderAndOtherPolicyholderFunds_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Contractholder and other policyholder funds </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense" xlink:label="us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense" xlink:to="us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Supplementary Insurance Information, Other Operating Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Other operating expenses </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentTable" xlink:label="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentTable" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentTable" xlink:to="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentTable_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentTable_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance [Table] </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LifeAndAnnuityInsuranceProductLineMember" xlink:label="us-gaap_LifeAndAnnuityInsuranceProductLineMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LifeAndAnnuityInsuranceProductLineMember" xlink:to="us-gaap_LifeAndAnnuityInsuranceProductLineMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LifeAndAnnuityInsuranceProductLineMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance and annuities </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccidentAndHealthInsuranceSegmentMember" xlink:label="us-gaap_AccidentAndHealthInsuranceSegmentMember" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccidentAndHealthInsuranceSegmentMember" xlink:to="us-gaap_AccidentAndHealthInsuranceSegmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccidentAndHealthInsuranceSegmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accident and health insurance premiums </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccidentAndHealthInsuranceSegmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Accident and health insurance </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentLineItems" xlink:label="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentLineItems" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentLineItems" xlink:to="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentLineItems_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentLineItems_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Reinsurance information </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LifeInsuranceInForceNetAbstract" xlink:label="srt_LifeInsuranceInForceNetAbstract" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LifeInsuranceInForceNetAbstract" xlink:to="srt_LifeInsuranceInForceNetAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LifeInsuranceInForceNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance in Force, Net [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LifeInsuranceInForceNetAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance in force </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LifeInsuranceInForceGross" xlink:label="srt_LifeInsuranceInForceGross" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LifeInsuranceInForceGross" xlink:to="srt_LifeInsuranceInForceGross_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LifeInsuranceInForceGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance in Force, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LifeInsuranceInForceGross_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance in force gross amount </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LifeInsuranceInForceCeded" xlink:label="srt_LifeInsuranceInForceCeded" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LifeInsuranceInForceCeded" xlink:to="srt_LifeInsuranceInForceCeded_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LifeInsuranceInForceCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance in Force, Ceded </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LifeInsuranceInForceCeded_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance in force ceded to other companies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LifeInsuranceInForceAssumed" xlink:label="srt_LifeInsuranceInForceAssumed" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LifeInsuranceInForceAssumed" xlink:to="srt_LifeInsuranceInForceAssumed_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LifeInsuranceInForceAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance in Force, Assumed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LifeInsuranceInForceAssumed_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance in force assumed from other companies </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LifeInsuranceInForceNet" xlink:label="srt_LifeInsuranceInForceNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LifeInsuranceInForceNet" xlink:to="srt_LifeInsuranceInForceNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LifeInsuranceInForceNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance in Force, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="srt_LifeInsuranceInForceNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance in force net amount </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LifeInsuranceInForcePercentageAssumedToNet" xlink:label="srt_LifeInsuranceInForcePercentageAssumedToNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LifeInsuranceInForcePercentageAssumedToNet" xlink:to="srt_LifeInsuranceInForcePercentageAssumedToNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LifeInsuranceInForcePercentageAssumedToNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life Insurance in Force, Percentage Assumed to Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LifeInsuranceInForcePercentageAssumedToNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Life insurance in force, percentage of amount assumed to net (as a percent) </label>
<loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PremiumsPercentageAssumedToNet" xlink:label="us-gaap_PremiumsPercentageAssumedToNet" xmlns="http://www.xbrl.org/2003/linkbase"/>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PremiumsPercentageAssumedToNet" xlink:to="us-gaap_PremiumsPercentageAssumedToNet_lbl" xmlns="http://www.xbrl.org/2003/linkbase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PremiumsPercentageAssumedToNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums, Percentage Assumed to Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PremiumsPercentageAssumedToNet_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase"> Premiums percentage of amount assumed to net (as a percent) </label>
</link:labelLink>
</link:linkbase>

4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/09/24  Principal Life Insurance Co.      S-1                    3:3.7M                                   Toppan Merrill/FA
 4/28/23  Principal Life Insurance Co.      S-1/A       4/27/23    3:7.9M                                   Toppan Merrill/FA
 4/25/23  Principal Life Insurance Co.      S-1/A                164:53M                                    Toppan Merrill/FA
10/20/22  Principal Life Insurance Co.      S-1                   10:2.9M
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Filing Submission 0001104659-24-052076   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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