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About Pacific Life
  Pacific Mutual Holding Company 2017 Financial Summary1  
  Dollars in Millions
December 31, 2017
2016
% Change
 
  Company Assets   $157,877 $143,298 10%
 
  Policyholder and Other Liabilities   $144,173 $132,158 9%
 
  Equity2   $11,276 $10,194 11%
 
  Operating Revenues3   $9,443 $9,032 5%
 
  Operating Income4   $774 $868 (11%)
 

 


  Pacific Life Annual Report Pacific Mutual Holding Company Report To Members
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  2017 2017  
 
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  Statutory Financial Information  
     Pacific Life Insurance Company5        Pacific Life & Annuity Company6    
   

 

1 Based on accounting principles generally accepted in the United States of America (GAAP).
2 Excludes accumulated other comprehensive income and noncontrolling interests.
3 Excludes net realized investment gain (NRIG) and other than temporary impairments (OTTI).
4 Operating income is utilized by management to measure the profitability generated by the operations of the company. Operating income excludes NRIG, other than stable value product income. It also excludes OTTI, aircraft impairments/sales, and deferred policy acquisition cost amortization and adjustments related to variable annuity derivatives. For the year ended December 31, 2017, tax impacts related to the Tax Cuts and Jobs Act enacted on December 22, 2017 are excluded.
5 Statutory financial information of Pacific Life Insurance Company is presented in conformity with statutory accounting practices (SAP), which are accounting practices prescribed or permitted by the Insurance Department of the State of Nebraska.  Pacific Life Insurance Company is domiciled in Nebraska.  SAP is a comprehensive basis of accounting that differs in certain significant respects from GAAP.
6 Statutory financial information of Pacific Life & Annuity Company is presented in conformity with statutory accounting practices (SAP), which are accounting practices prescribed or permitted by the Insurance Department of the State of Arizona. Pacific Life & Annuity Company is domiciled in Arizona. SAP is a comprehensive basis of accounting that differs in certain significant respects from GAAP.

The results for past accounting periods are not necessarily indicative of results to be expected for any future accounting period.