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:
Pacific Life has consistently high financial-strength ratings received from the major independent rating agencies. Learn more about what the ratings mean.
| Rating Agency |
Strength Ratings |
Outlook |
Recent Reports | Press Releases |
||
|---|---|---|---|---|---|---|
| A.M. Best | A+ (Superior) Second highest of 16 ratings |
Stable
|
7/18/22 |
6/24/22 |
||
| Fitch | AA- (Very Strong) Fourth highest of 21 ratings |
Stable
|
4/11/22 |
9/9/22 |
||
| Moody's Investors Service | Aa3 (Excellent) Fourth highest of 21 ratings |
Stable
|
7/23/21 |
7/21/21 |
||
| S&P Global | AA- (Very Strong) Fourth highest of 21 ratings |
Stable
|
12/13/21 |
7/11/16 |
Assets
Statutory Surplus and Asset Valuation Reserve
General Account Investment Mix
Long-Term Bonds - 65%
Mortgage Loans - 15%
Other Investments (common stock, derivatives, and other invested assets) - 12%
Contract Loans - 7%
Cash, Cash Equivalents, and Short-Term Investments - 1%
Read the details in the annual report or on the 2022 second-quarter statement.
Assets
Statutory Surplus and Asset Valuation Reserve
General Account Investment Mix
Long-Term Bonds - 90%
Mortgage Loans - 8%
Cash, Cash Equivalents, and Short-Term Investments - 2%
Other Investments (policy loans, common stock, derivatives, and other invested assets) - 1%
Read the details in the annual report or on the 2022 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.
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.