Company Overview of Pacific Life Insurance Company
Pacific Life Insurance Company, together with its subsidiaries, provides various life insurance products, annuities, mutual funds, aircraft leasing, and reinsurance services in the United States. The company operates in four segments: Life Insurance, Retirement Solutions, Aircraft Leasing, and Reinsurance. The Life Insurance segment provides various life insurance products, including universal life, indexed universal life, variable universal life, survivor life, interest sensitive whole life, corporate-owned life insurance, and traditional products, such as whole life and term life. This segment distributes its products through regional life offices, marketing organizations, broker-dealer fi...
700 Newport Center Drive
Newport Beach, CA 92660
Founded in 1868
Key Executives for Pacific Life Insurance Company
Chairman, CEO & President
Executive VP, CFO & Director
Executive VP, COO & Director
Chief Executive Officer of Aviation Capital Group
Chief Executive Officer of Pacific Life Re
Compensation as of Fiscal Year 2017.
Pacific Life Insurance Company Key Developments
Joint Venture of Bascom Arizona Ventures and Pacific Life Insurance Company Acquires Two Luxury Apartment Communities Totaling 724-Unit Apartment Portfolio in Scottsdale, Arizona
Nov 1 17
A joint venture of Bascom Arizona Ventures and Pacific Life Insurance Company has acquired two luxury apartment communities totaling 724 units for $148,000,000 or $204,420 per unit. Located in the highly desirable Kierland master-planned community of North Scottsdale, the properties are within walking distance to the Scottsdale Quarter, Kierland Commons, and the Westin Kierland Resort, Spa, & Golf. Quadrant Real Estate Advisors LLC provided debtfinancing, which was arranged by Brian Eisendrath, Brandon Smith, and Annie Rice of CBRE. James Reed of Lincoln Group of Companies advised the buyer and seller in the transactions. The onsite property management will be overseen by Arizona based Alliance Residential. Built in 1996 by premier luxury apartment builder Mark Taylor, Legend at Kierland offers residents two resort-style swimming pools and spas, a stand-alone clubhouse, volleyball court, tennis court, 24 hour fully appointed fitness center, controlled access gated entry, and attached garages. Tradition at Kierland, built in 1998 by Mark Taylor, offers one resort-style pool and spa, along with the same amenity package as Legend. Residents at both properties benefit from the walkability factor to premiere shopping, dining, and entertainment at nearby Kierland Commons and Scottsdale Quarter, as well as easy access to the Loop 101.
Pacific Life Insurance Company and Pacific LifeCorp Announce Expiration of Tender Offer
Oct 31 17
Pacific Life Insurance Company and Pacific LifeCorp (“PLC”; and together with PLIC, “Pacific Life”) announced the expiration of the previously announced cash tender offer with respect to PLIC’s outstanding 9.25% Surplus Notes due 2039 and 7.90% Surplus Notes due 2023 and PLC’s outstanding 6.60% Senior Notes due 2033, 5.125% Senior Notes due 2043 and 6.00% Senior Notes due 2020 on the terms and conditions in the offer to purchase, dated October 2, 2017 and the related letter of transmittal sent to holders of the Notes. As of 11:59 p.m., New York City time, on October 30, 2017, $236,447,000 aggregate principal amount of 9.25% Surplus Notes, $16,451,000 aggregate principal amount of 7.90% Surplus Notes, $13,550,000 aggregate principal amount of 6.60% Senior Notes, $89,685,000 aggregate principal amount of 5.125% Senior Notes and $217,289,000 aggregate principal amount of 6.00% Senior Notes were validly tendered. Because the Tender Cap (as increased) was reached at the Early Tender Time, Notes tendered after the Early Tender Time will not be accepted and will be returned to the holders of such Notes.
Pacific Life Insurance Company Announces Pricing of Private Placement of $750 Million Aggregate Principal Amount of 4.300% Fixed-To-Floating Rate Surplus Notes Due 2067
Oct 18 17
Pacific Life Insurance Company announced the pricing of $750 million aggregate principal amount of 4.300% Fixed-to-Floating Rate Surplus Notes due 2067. The company plans to use the net proceeds of the private placement in connection with the previously announced tender offer by the company and Pacific LifeCorp for PLIC’s outstanding 9.25% Surplus Notes due 2039 and 7.90% Surplus Notes due 2023 and PLC’s outstanding 6.60% Senior Notes due 2033, 5.125% Senior Notes due 2043 and 6.00% Senior Notes due 2020.
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