Insurance Ratings and Financials

For nearly 160 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

 
A+
A.M. Best

(Superior) Second highest of 13 ratings

 
Aa3
Moody's
 

(Excellent) Fourth highest of 21 ratings

AA-
S&P Global

(Very Strong) Fourth highest of 21 ratings

 
AA-
Fitch
 

(Very Strong) Fourth highest of 22 ratings

 

Financial-Strength Ratings as of November 2024

Financial Strength Ratings

The following identifies the financial strength ratings for Pacific Life Insurance Company and Pacific Life & Annuity Company issued from the major independent rating agencies.

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.

For more information about our current ratings, visit PacificLife.com/Ratings.

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. For more details, access our annual report or quarterly statements. 

 

2024 Statutory Financial and Investment Information for Pacific Life Insurance Company1 

 

$0B

Assets

 
$0B

Statutory Surplus and Asset Valuation Reserve

General Account Investment Mix

General Account Investment Mix

  • Cash, Cash Equivalents, and Short-Term Investments

  • Contract Loans

  • Mortgage Loans

  • Other Investments (common stock, derivatives, and other invested assets)

  • Long-Term Bonds

2024 Statutory Financial and Investment Information for Pacific Life & Annuity Company2

 

$0B

Assets

 
$0M

Statutory Surplus and Asset Valuation Reserve

General Account Investment Mix

General Account Investment Mix

  • Other Investments (policy loans, common stock, derivatives, and other invested assets)

  • Cash, Cash Equivalents, and Short-Term Investments

  • Mortgage Loans

  • Long-Term Bonds

Additional Materials

Ratings Flyer
Selecting a Structured Settlement Provider
Selecting a Structured Settlement Provider (NY Spanish Version)
Selecting a Structured Settlement Provider (NY Version)
Selecting a Structured Settlement Provider (Spanish Version)

24-257A

SSC2213-0425 4/25

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 is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

 

Contract Form Series: 10-1213, ICC11:10-1213, 25-21694NY Contract form series may vary by state

No bank guarantee • Not a deposit • May lose value Not FDIC/NCUA insured • Not insured by any federal government agency

Pacific Life is a member of the National Structured Settlements Trade Association.

 

Pacific Life, its affiliates, their 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.

 

Insurance products and their guarantees, including optional benefits, annuity payout rates, and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the insurance company with regard to such guarantees because these guarantees are not backed by the independent broker/dealers, insurance agencies, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the issuing company.

 

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.

 

For financial professional use only. Not for use with the public.

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