Pacific Life's structure is relatively unique among insurance companies. We are organized under a mutual holding company with policyholders as members. We have no publicly traded stock -- we are an independent company that remains focused on long-term strategies, our financial strength, and on making decisions that benefit our policyholders and clients. This long-term commitment, combined with Pacific Life's disciplined investment philosophy, has prepared us well to weather the course even during volatile times.
Pacific Life has approximately $124 billion in assets and $7.4 billion in equity1 as of December 31, 2012. We have a significant presence in the global capital markets, investing in corporate bonds, mortgage-backed securities, preferred stocks, leveraged loans, and private equity. We manage a diversified portfolio of public and private placement securities and closely monitor these investments to opitimize the quality of our holdings. Pacific Life's commercial mortgage loan and real estate investments have also been an important part of Pacific Life's successful investment strategy.
Our talented team of investment professionals has a wide breadth of capital markets and real estate backgrounds - most with 10 to 25 years of experience that have included a variety of Wall St. firms, other major insurance companies, banks, and money managers.
Pacific Life follows a principled investment process and employs risk management guidelines that require a diversified investment portfolio. This approach limits our exposure to any single industry, issuer, or asset type and ensures that we are prepared to fulfill our commitments to our clients. We have consistently approached investing by seeking solid investment returns without compromising either asset quality or our high standards for safety and risk management.
Pacific Life Investment Resources:
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company, Aviation Capital Group, and Pacific Life Re Limited.
1 Excludes accumulated other comprehensive income/loss and noncontrolling interest.