Insurance Ratings and Financials

For more than 150 years, individuals and businesses have relied on the strength of Pacific Life to protect their financial security. Trust the financial strength of Pacific Life to be there for you and your family, now and in the future.

 

Why Insurance Ratings and Financials Matter

 

Insurance ratings and financials are important factors in selecting a structured settlement provider. State insurance regulations require annuity providers to be solvent in order to meet their claims-paying obligations and maintain required capital and reserves. It's important to consider the following factors when selecting a structured settlement provider:

  • The quality and diversification of the annuity provider’s investment portfolio
  • The level of the insurer’s capital and surplus
  • Financial-strength ratings
 

Insurance Ratings

 

Pacific Life has consistently high financial-strength ratings received from the major independent rating agencies. Learn more about what the ratings mean

Financial Strength Ratings
 

As an independent company with no publicly traded stock, Pacific Life remains focused on long-term strategies, maintaining financial strength, and making decisions that benefit policyholders and clients.

 
 Rating Agency
 Strength Ratings
Outlook
Recent Reports Press Releases
   
 A.M. Best

A+ (Superior)

Second highest of 16 ratings

Stable

 

View

7/19/21

View

6/4/21

 
 Fitch

AA- (Very Strong)

Fourth highest of 21 ratings

Stable

 

View

3/2/21

View

1/28/21

 
Moody's Investors Service

Aa3 (Excellent)

Fourth highest of 21 ratings

Stable

 

View

7/23/21

View

7/21/21

 
S&P Global

AA- (Very Strong)

Fourth highest of 21 ratings

Stable

 

View

12/9/20

View

7/11/16

 
 

Financial Summary

 

Pacific Life Insurance Company and Pacific Life & Annuity Company are well diversified insurance companies with very strong statutory capital levels. Both are annuity issuers. 

 
 
Statutory Financial and Investment Information for Pacific Life Insurance Company
(Non-New York)
$159.3B
 

Assets

 
$11.8M
 

Statutory Surplus and Asset Valuation Reserve

 
general account investment mix
 

General Account Investment Mix

Read the details in the annual report or on the 2021 second-quarter statement

 
Statutory Financial and Investment Information for Pacific Life & Annuity Company2
(New York Only)
$8.2B
 

Assets

 
$559.5M
 

Statutory Surplus and Asset Valuation Reserve

 
general account investment mix PLAC
 

General Account Investment Mix

Read the details in the annual report or on the 2021 second-quarter statement

 
 

1Statutory 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.

2Statutory 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.

 

1Statutory 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.

2Statutory 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.

 

Pacific Life, its affiliates, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.

Pacific Life & Annuity Company will issue annuity policies if ANY of the following occur inside the state of New York: solicitation, sales, negotiation of settlement, court/legal action, or claimant/payee residence.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company (Newport Beach, CA) in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.