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Standard Pacific Homes' CEO and President Scott D. Stowell Elected to the Board of Pacific Mutual Holding Company

Newport Beach, CA (March 11, 2014) - Pacific Life announced today that Scott D. Stowell, chief executive officer and president of Standard Pacific Homes, one of the nation's leaders in homebuilding quality, has been elected to the board of Pacific Mutual Holding Company, the ultimate parent company of Pacific Life Insurance Company.

Mr. Stowell joined the Irvine, California-based Standard Pacific Homes in 1986 as project manager in the Orange County Division. Following a series of management positions, Mr. Stowell was named chief operating officer in 2007 and was appointed president in 2011. Mr. Stowell was named chief executive officer in January 2012. Nationally recognized as a luxury homebuilder, Standard Pacific Homes caters to the move-up buyer segment with homebuilding operations in 25 of the country's top housing markets. The company has earned a reputation in the homebuilding industry as a leader in providing innovative architectural designs, quality craftsmanship and an excellent customer experience.

Beyond his work at Standard Pacific Homes, Mr. Stowell is actively involved in the Building Industry Association and has served on the executive committee and the board of directors. He serves on HomeAid America's board of directors and on the advisory boards of the Orange County Management Association and Pretend City Children's Museum. Mr. Stowell is a graduate of Brigham Young University and obtained his Master of Business Administration degree from the University of California at Irvine.

"Scott has successfully demonstrated strong leadership for over 25 years at Standard Pacific Homes," said Jim Morris, chairman and CEO of Pacific Life. "He has guided the company during a time of transformational change. We welcome his experience and business acumen as he joins the Pacific Mutual Holding Company board."

About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com .

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of May 2013 is compiled by Pacific Life using the 2013 FORTUNE 500® list.