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

 

Pacific Life Releases 2019 Annual Report

 

NEWPORT BEACH, Calif. – April 1, 2020 – Pacific Life announced today the release of its annual company publications, including its 2019 Annual Report. The annual company publications also include the Report to Members, Corporate Responsibility Report, Introduction to Pacific Life, Pacific Life Profile, and Investment Quality Review.

Key business highlights from the 2019 Annual Report include:

  • $171 billion in company assets and $1.1 trillion in life insurance in force
  • 1st in indexed universal life and universal life insurance sales
  • 4th in total life insurance sales
  • 2nd in structured settlement sales and a 390% increase in fixed annuity sales since 2010
  • $2.7* billion in insurance and annuity benefits paid in 2019
  • $7 million in charitable contributions

The 2019 Annual Report also showcases the company’s 2019 financial summary, business achievements and corporate social responsibility accomplishments.

To view the Annual Report, Corporate Responsibility Report, Introduction to Pacific Life, Pacific Life Profile, and Investment Quality Review, please visit www.PacificLife.com. The Report to Members can be found at www.PacificMutual.com.

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 2020 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 2019 is compiled by Pacific Life using the 2019 FORTUNE 500® list.

*Reflects the combined results of Pacific Life Insurance Company and its insurance subsidiaries on a statutory basis and primarily includes death and annuity benefits paid.

Life insurance rankings are from the 2019 Confidential Sales Survey of Participating Companies by LIMRA. Pacific Life Insurance Company sales are based on planned recurring premiums as measured against 77 participating companies.

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