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Significant Events In Our History
Home » About Pacific Life » General Information » Significant Events In Our History

1868 - Pacific Mutual is formed in Sacramento. Former Governor Leland Stanford is first president.

1876 - Custer's Last Stand.  Pacific Mutual buys Alliance Mutual Life of Kansas.

1881 - Home Office moves to San Francisco.

1885 - Accident insurance offered. Claim filed--$50 for injuries sustained setting a wagon brake.

1898 - Spanish American War.

1905 - Pacific Mutual operates in 40 states.

1906 - Pacific Mutual merges with Conservative Life in Los Angeles.  San Francisco earthquake destroys Home Office building.

1906 - Pacific Mutual moves to Los Angeles.

1914 - World War I begins.

1929 - Stock Market crashes.

1936 - Pacific Mutual works with California Insurance Commissioner to meet depression-era claims.

1941 - Attack on Pearl Harbor brings U.S. into WWII.

1948 - Group Insurance established as separate division.

1950 - Life insurance in force passes $1 billion.

1955 - Martin Luther King, Jr. leads boycott of Montgomery, Ala. bus system and wins desegregation.  Pacific Mutual is first company west of Mississippi to install large-scale computer system.

1959 - Pacific Mutual is restructured as a policyholder-owned "mutual" company.

1968 - Pacific Mutual marks its 100th anniversary, with Governor Reagan as anniversary dinner speaker.

1969 - Neil Armstrong walks on the moon.

1970 - Pacific Mutual's financial services are broadened through Mortgage Investing Service and Pacific Investment Management Company (PIMCO).

1972 - President Nixon visits Communist China.  Pacific Mutual Home Office moves to Newport Beach, CA.

1976 - Life Insurance in force passes $10 billion.

 

 

1988 - Pacific Mutual introduces its first variable universal life insurance policy.  Pacific Mutual's group insurance unit consolidates into subsidiary PM Group Life Insurance Company.

1992 - Pacific Mutual acquires the assets of San Diego-based First Capital Life Insurance Company.

1993 - Pacific Mutual adds variable annuities to its product offerings through its newly formed Annuities Division.

1994 - PIMCO Advisors L.P. is formed, a merger between Pacific Mutual's investment subsidiaries and Thomson Advisory Group L.P.

1995 - Pacific Mutual, subsidiaries and affiliated enterprises exceed $100 billion in assets and funds under management.

1996 - Pacific Mutual was selected by the state of Michigan to rehabilitate the COLI life insurance block from Confederation Life.

1997 - Pacific Mutual converts to a mutual holding company structure. Pacific Mutual is re-named Pacific Life.

1999 - Pacific Life completes its most successful decade ever with another year of record financial results.

2000 - Allianz AG, acquires approximately 70 percent of PIMCO Advisors L.P. while Pacific Life maintains an approximate 30 percent beneficial economic interest.

2002 - Pacific Life acquires Princeton, NJ based College Savings Bank which launches Pacific Life into the 529 College Savings Plan market.  Pacific Life launches mutual fund product.  Pacific Life becomes the title sponsor of the Pacific Life Open and Pacific Life Holiday Bowl.

2003 - Pacific Life becomes the title sponsor of the Pacific Life PAC-10 Men's Basketball Tournament.

2004 - Pacific Life opens new business center in Omaha, Nebraska.

2005 - Pacific Life's subsidiary, Aviation Capital Group, acquires Boullioun Aviation Services and becomes one of the top 5 aircraft operating lessors in the world.

2005 - Pacific Life Insurance Company completed the legal redomestication process and is now officially domiciled in the state of Nebraska.  By changing our state of domicile, there will be significant savings that benefit policyholders over time.  Our principal administrative offices remain in California.

 


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