Impersonation Mode
About Pacific Life
  Pacific Mutual Holding Company 2013 Financial Summary1  
  Dollars in Millions
 December 31, 2013
 2012
 % Change
  
  Company Assets   $129,921 $123,697 5%
  
  Policyholder and Other Liabilities   $120,948 $114,198 6%
  
  Equity2   $8,132 $7,412 10%
  
  Operating Revenues3   $7,521 $7,250 4%
  
  Operating Income4   $541 $522 4%
  

 

 

2013 Financial Highlights
  • Total consolidated assets of Pacific Mutual Holding Company reached $129.9 billion.
  • Net income increased to $720 million, compared to $460 million in 2012.
  • Equity of Pacific Mutual Holding Company reached $8.1 billion, compared to $7.4 billion in 2012.
  • Life Insurance Division sales were $290 million, an 8 percent increase over 2012.
  • Retirement Solutions Division sales were $9.9 billion, a 23 percent increase over 2012.
  • Revenues in Aviation Capital Group were $765 million, a 12 percent increase over 2012.
  • Pacific Life Re generated net income of $100 million, compared to $72 million in 2012.

 

  Pacific Life Annual Report Pacific Mutual Holding Company Report To Members  
  2013
 2013
  
 
Print Version

Interactive Version
Print Version

  

 

  Market Outlook   
  Investor Compass by Pacific Asset Management Macro Notes by Pacific Life Investment Management  
   

  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 interest.
3 Excludes net realized investment gain (loss) (NRIGL) and other than temporary impairments (OTTI).
4 Excludes NRIGL (net of an estimate of related amortization of deferred policy acquisition costs (DAC) for variable annuity products), adjustments to variable annuity DAC resulting from true-ups, assumption unlockings and modeling refinements, OTTI, and discontinued operations, net of taxes.
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.