Moody’s Upgrades Pacific Life to Aa3; Outlook Stable

Life Goals
Products

back
- Annuities Pacific Life offers a variety of annuities designed to help grow, protect, and manage retirement savings turning it into steady, reliable lifetime income based on your personal preferences and goals.
- Life Insurance Life insurance is most commonly used to help protect your family from any financial effects of your and/or your spouse's death. Protect your family's financial well-being with life insurance, which can pay a death benefit to help replace a lifetime of your loved one's lost earning potential.
- For Institutions Whether you’re looking for a de-risking strategy for your company’s pension plan, want to provide financial security to your retirees, or looking for a strong investing partner, Pacific Life has the solutions and experience to help you succeed.
  - Overview
- Workforce Benefits Pacific Life is revolutionizing employee benefits by empowering you with a premier, comprehensive, friction-free, digitally native experience.
- Additional Solutions
Insights
About Us

back
- About Us Whether you’re protecting your loved ones or growing your assets, you’re highly invested in your financial future. And so are we. When you purchase life and retirement insurance, you’re buying a promise. A promise that today, tomorrow or ten years from now, we’ll be there. For more than 150 years, we’ve fulfilled that promise. Our clients trust Pacific Life to protect what matters most to them—their families, their businesses, their futures.

Pacific Life Media Contact:
Jesse Page
(949) 219-4575
jpage@pacificlife.com

Moody’s Upgrades Pacific Life to Aa3; Outlook Stable

NEWPORT BEACH, Calif. - July 21, 2021 - Moody’s Investor Service (“Moody’s”) announced today it has upgraded the financial strength ratings for Pacific Life Insurance Company and Pacific Life & Annuity Company to Aa3 from A1. The Aa3 rating is considered “Excellent” and is the fourth highest rating out of the 21 rating categories used by Moody’s. The outlook on the ratings is Stable.

According to Moody's, Pacific Life and its insurance subsidiaries' ratings have been upgraded to reflect the company's strong market, excellent statutory capitalization, ongoing risk management actions and a commitment to its mutual philosophy (i.e., focus on policyholder value). The firm also cited Pacific Life’s top-tier market share in the sale of life insurance and a competitive position in the sale of annuities, both of which have been bolstered by product and distribution diversity.

“This ratings upgrade by Moody’s acknowledges Pacific Life’s strong, excess capital position and true financial strength,” said Pacific Life Executive Vice President and Chief Financial Officer Darryl Button. “Our continued industry leadership in several product categories, coupled with our outstanding business diversification and risk mitigation strategy, are evidenced by this upgrade in a continued difficult environment.”

To read the full press release from Moody’s, visit www.PacificLife.com/Ratings.

About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through 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. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2021 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2021 is compiled by Pacific Life using the 2021 FORTUNE 500^® list.

###