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.
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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.
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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.
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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.
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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.
LETTER TO MEMBERS
from Mariann Byerwalter and Darryl Button
“The past year has been one of our strongest to date, driven by historic growth, solid investment results, and new products and partnerships.”
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.
Pacific Life draws strength from its diverse business portfolio, which spans our Consumer Markets, Institutional, Reinsurance and Workforce Benefits divisions. Our robust financial position is further supported by consistently high ratings from the major independent rating agencies, including A.M. Best A+ (Superior), Fitch AA- (Very Strong), Moody’s Aa3 (Excellent) and S&P Global AA- (Very Strong). As a mutual company, our unique holding structure enables us to focus on our long-term goals to maximize customer value while ensuring that we remain committed to meeting the needs of our members for generations to come.
The past year has been one of our strongest to date, driven by historic growth, solid investment results, and new products and partnerships. Highlights include:
- Record life sales of $609 million supported by product innovation, including the launch of our updated flagship indexed universal life product, which went on to become one of our most successful product launches in history.
- Record annuity sales of $12 billion and continued product innovation to drive further growth, including the introduction of our first registered index-linked annuity product in December.
- Record pension risk transfer sales of $2.5 billion and significant progress toward addressing the critical need for lifetime income through employer-sponsored savings plans and innovative solutions.
- Expansion of our international Reinsurance business into new Asian markets.
- The launch of a full portfolio of supplemental health and disability insurance products through our growing Workforce Benefits business.
Our asset portfolio had tremendous growth in 2024, with a record volume of new investments generating competitive new money yields. The portfolio is well diversified, and credit fundamentals remain strong. We continue to source assets through our strategic partners, major securities dealers and experienced asset managers with strong track records and global reach, to ensure access to best-in-class opportunities.
With a focus on the future of technology, we made significant strides in AI and automation, laying the foundation for transformative operations. Our initial investment in AI tools is focused on enhancing customer experience, streamlining our underwriting process and building on our data analytics capabilities.
As a relationship-driven organization, we pride ourselves on how we show up in our communities, both locally and globally, and have a deep commitment to our people. Our core Values: People, Integrity, Courage, Partnership and Enduring Strength guide our legacy to provide confidence and financial security. We were recognized by the Ethisphere Institute for our commitment to integrity and named one of the World’s Most Ethical Companies for the eighth consecutive year.
Thank you for your continued trust. We remain steadfastly focused on providing a growing and highly relevant array of life insurance and retirement solutions that meet your unique needs, while providing confidence for generations.
MARIANN BYERWALTER
Chair, Board of Directors
DARRYL BUTTON
President and Chief Executive Officer