Discover financial solutions that protect your future and provide peace of mind. Whether you're exploring annuities, life insurance, or understanding employee benefits through your workplace, Pacific Life offers resources and products designed to meet your personal and family goals.

Support your workforce with innovative employee benefits and retirement solutions. Pacific Life partners with business owners, benefits administrators, and pension fund managers to create customized programs that attract and retain top talent while securing their financial future.

Simplify complex retirement and pension risk management with our tailored solutions for large organizations. Pacific Life specializes in working with institutions to address their unique challenges, offering expertise in pension de-risking and strategic retirement planning for a more secure future.

Empower your clients with confidence by leveraging Pacific Life’s comprehensive portfolio of financial products. From annuities to life insurance, we provide the tools, resources, and support to help financial advisors and brokers deliver exceptional value and long-term results.

  • Individuals

    Discover financial solutions that protect your future and provide peace of mind. Whether you're exploring annuities, life insurance, or understanding employee benefits through your workplace, Pacific Life offers resources and products designed to meet your personal and family goals.

  • Employers

    Support your workforce with innovative employee benefits and retirement solutions. Pacific Life partners with business owners, benefits administrators, and pension fund managers to create customized programs that attract and retain top talent while securing their financial future.

  • Institutions

    Simplify complex retirement and pension risk management with our tailored solutions for large organizations. Pacific Life specializes in working with institutions to address their unique challenges, offering expertise in pension de-risking and strategic retirement planning for a more secure future.

  • Financial Professionals & Brokers

    Empower your clients with confidence by leveraging Pacific Life’s comprehensive portfolio of financial products. From annuities to life insurance, we provide the tools, resources, and support to help financial advisors and brokers deliver exceptional value and long-term results.

2024 ANNUAL HIGHLIGHTS AND ACHIEVEMENTS

Letter to Members

For nearly 160 years, Pacific Life has delivered on our purpose to provide Confidence for Generations to our members, customers and distribution partners. Confidence is built over decades. It’s doing the right thing and acting with integrity in every interaction. It’s demonstrating trustworthiness consistently, and over time. In 2024, we upheld our promise by paying more than $21 billion in total benefits.

Read full letter

Achievements

Consumer Markets
  • Launched a new indexed universal life insurance product, providing financial professionals with a versatile and flexible solution for customer protection needs
  • Doubled term life insurance market share in 3 years, now ranked #5 in the industry
  • Introduced registered index-linked annuity product, completing the full selection of annuity solutions available in the marketplace
  • Invested in streamlining service and consistent processing capabilities to strengthen the ease of doing business with us
Institutional
  • Increased global presence with institutional investors in 23 countries and achieved record sales with stable value wrap program recording largest single plan funding since 2017
  • Provided largest insurance funding vehicle in the Health Savings Account market
  • Upgraded administration data system processing over 27 million records, including 298,367 lives and 1,226 plans, effectively increasing speed to market, scalability and business growth
Global Reinsurance
  • Executed our first Savings & Retirement transactions in Japan and the Netherlands and established these as core markets for this line of business alongside the UK and Canada
  • Completed our first protection deal in India
  • Developed financial reinsurance suite of product solutions through Capital Solutions line of business and closed deals in France, Italy, Korea and Thailand

 

Workforce Benefits
  • Expanded our product lineup to include disability and supplemental health insurance, including accident, critical illness and hospital indemnity, creating a comprehensive portfolio
  • Successfully completed the first full year of operations with substantial distribution expansion, including regional sales managers, sales consultants and strategic partnership directors
  • Scaled connectivity strategy to include 11 benefits administration partners, allowing more benefits brokers and their employers to take advantage of our frictionless solutions
Investments
  • We have a wide range of sourcing strategic relationships that ensure access to best-in-class opportunities
  • Our data and analytics expertise enable us to craft efficient product portfolios
  • Our investment teams are expanding to better cover the broad  landscape of investment sectors

The past year has been one of our strongest to date, driven by historic growth, solid investment results, and new products and partnerships.

Confidence for Generations

At Pacific Life, we’re working diligently to deliver on our promises and to be here for our policyholders for generations to come. We’re continuing this journey from a position of strength and are confident in our ability to achieve what we’ve set out to do, with the right people, partners and plans in place. This is why we exist, to provide Confidence for Generations.

As a purpose-driven organization known for doing the right thing, our values are the foundation that motivate and guide our actions. They are core to who we are and the standard that holds us accountable to our customers, people and communities.

 

 

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. 

*  FORTUNE ranking as of June 2024 is of the top 500 U.S. firms by total revenue.
** “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
*** Includes Pacific Life Foundation cash grants, corporate contributions and in-kind donations

Life insurance rankings are from the 2024 Confidential Sales Survey of Participating Companies by LIMRA. Pacific Life Insurance Company sales are based on planned recurring premiums as measured against 58 participating companies. Structured settlement sales ranking from U.S. Individual Annuities Sales Survey by LIMRA as of December 31, 2024.

Pacific Life Insurance Company, an indirect wholly owned subsidiary of Pacific Mutual Holding Company, is licensed in the District of Columbia and all states except New York. In New York, individual life insurance and annuity products are available through Pacific Life & Annuity Company, a subsidiary of Pacific Life Insurance Company. Product availability and features vary by state. Insurance product and rider guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not protect the value of the variable investment options. Each company is solely responsible for the financial obligations accruing under the policies it issues. Variable products are issued by Pacific Life Insurance Company and Pacific Life & Annuity Company. These products are distributed by Paci fic Select Distributors, LLC (member FINRA and SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company. In order to sell life insurance products, a financial professional must be a properly licensed and appointed life insurance producer. For current financial strength ratings, please visit us online at www.PacificLife.com/Ratings.

To view a copy of Pacific Mutual Holding Company’s 2024 audited GAAP consolidated financial statements, please visit www.PacificLife.com/Financials.

Whale photos courtesy of Tim Burgess.