General Account Investment Mix
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 following identifies the financial strength ratings for Pacific Life Insurance Company and Pacific Life & Annuity Company issued from the major independent rating agencies. Learn more about what the ratings mean.
(Very Strong) Fourth highest of 21 ratings
(Superior) Second highest of 16 ratings
(Excellent) Fourth highest of 21 ratings
(Very Strong) Fourth highest of 21 ratings
| Rating Agency | Strength Ratings | Outlook | Recent Reports | |
| A.M. Best | A+ (Superior) | Stable | Ratings Report (10/04/2024) |
Press Release (09/12/2024) |
| Fitch | AA- (Very Strong) | Stable | Ratings Report (09/13/2024) |
Press Release (08/22/2024) |
| Moody's | Aa3 (Excellent) | Stable | Credit Opinion (11/19/2024) |
Press Release (11/15/2024) |
| S&P Global | AA- (Very Strong) | Stable | Research Update (02/22/2024) |
|
Ratings as of August 2024. For more information and current ratings, visit PacificLife.com/Ratings.
Assets
Statutory Surplus and Asset Valuation Reserve
General Account Investment Mix
Long-Term Bonds - 62%
Mortgage Loans - 15%
Other Investments (common stock, derivatives, and other invested assets) - 14%
Contract Loans - 7%
Cash, Cash Equivalents, and Short-Term Investments - 2%
Read the details in the annual report or on the 2024 first-quarter statement.
Assets
Statutory Surplus and Asset Valuation Reserve
General Account Investment Mix
Long-Term Bonds - 89%
Mortgage Loans - 7%
Cash, Cash Equivalents, and Short-Term Investments - 3%
Other Investments (policy loans, common stock, derivatives, and other invested assets) - 1%
Read the details in the annual report or on the 2023 third-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.
While ratings can be objective indicators of an insurance company's financial strength and can provide a relative measure to help select among insurance companies, they are not guarantees of the future financial strength and/or claims−paying ability of a company.
Insurance product and rider guarantees, including optional benefits and any fixed crediting rates or annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. They are not backed by the independent third party from which this annuity is purchased, including the broker-dealer, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
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.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Pacific Life refers to Pacific Life Insurance Company and its subsidiary Pacific Life & Annuity Company. Insurance products can be issued in all states, except New York, by Pacific Life Insurance Company and in all states by Pacific Life & Annuity Company. Product/material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. The home office for Pacific Life & Annuity Company is located in Phoenix, Arizona.
The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.