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Significant Events In Our History
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1868 - Pacific Mutual is formed in Sacramento. Former Governor Leland Stanford is first president.

1876 - 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.

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.

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

1948 - Group Insurance established as separate division.

1950 - Life insurance in force passes $1 billion.

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.

1970 - Pacific Investment Management Company (PIMCO) is founded as an investment management subsidiary wholly-owned by Pacific Mutual.

1972 - Pacific Mutual Home Office moves to Newport Beach, CA.

1976 - Life Insurance in force passes $10 billion.

1985 - The Pacific Mutual Foundation is funded by Pacific Mutual and begins making grants to non-profit agencies.

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, in 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, with Pacific Life Insurance Company as its leading brand. Begins advertising campaigns featuring the humpback whale.

1998 - Pacific LifeCorp makes its first investment in Aviation Capital Group.

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. 

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 became officially domiciled in the state of Nebraska. 

2007 - Pacific Life sells its four broker-dealers to Linsco/Private Ledger Corp.

2008 - Pacific Life completes its new division headquarters for the Life Insurance Division.  The almost 250,000 square-foot office building is located in Aliso Viejo, CA.

2008 - Pacific LifeCorp completed the purchase of the International Life Reinsurance segment of Scottish Re Group Limited.  Renamed Pacific Life Re, this subsidiary provides reinsurance solutions to insurance and annuity providers in the U.K., Ireland, and in selected markets in Asia.

2009 - Pacific Life Insurance Company successfully completes the issuance of a $1 billion surplus note.


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