| Pacific Mutual Holding Company 2015 Financial Summary1 | ||||||
|---|---|---|---|---|---|---|
| Dollars in Millions |
December 31, | 2015 |
2014 |
% Change |
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| Company Assets | $137,279 | $137,048 | 0% |
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| Policyholder and Other Liabilities | $127,171 | $126,817 | 0% |
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| Equity2 | $9,363 | $8,672 | 8% |
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| Operating Revenues3 | $8,428 | $7,712 | 9% |
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| Operating Income4 | $561 | $626 | (10%) |
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| Pacific Life Annual Report | Pacific Mutual Holding Company Report To Members | ||
|---|---|---|---|
| 2015 | 2015 | ||
 Web View Print Version |
 Web View |
| Statutory Financial Information | |||
| Pacific Life Insurance Company5 | Pacific Life & Annuity Company6 | ||
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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 and stable value product income), adjustments to variable annuity DAC resulting from true‐ups, assumption unlockings and modeling refinements, and OTTI, 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.
