Pacific Life Insurance Company

Pacific Life Insurance Company is an American insurance company with a history dating back to 1868, when it was founded as Pacific Mutual Life Insurance Company. Its core business focuses on providing life insurance, annuities, and investment products. Headquartered in Newport Beach, California, the company operates with a mission to deliver "Confidence for Generations" by fulfilling its commitments to individuals and businesses.

The company offers a comprehensive suite of products, including various types of life insurance such as term, universal, indexed universal, and variable universal life. Its annuity offerings encompass fixed, fixed index, variable, deferred income, and immediate annuities, designed to help manage retirement savings. Additionally, Pacific Life provides employee benefits, investment products, and services for individuals, businesses, and pension plans, and is active in the reinsurance market.

Darryl Button has served as the President and CEO of Pacific Life since April 1, 2022. In recent developments, the company agreed to a $58 million settlement in February 2026 related to a class-action lawsuit alleging misleading illustrations for its indexed universal life insurance policies. Pacific Life has been expanding its presence in the workforce benefits marketplace and has launched new internal tools utilizing generative AI to enhance customer experience and underwriting capabilities. The company consistently receives strong financial strength ratings from major independent rating agencies and has been recognized as one of the "World's Most Ethical Companies" by the Ethisphere Institute for multiple consecutive years.