Investor Presentaiton

Pacific Life Insurance Company INVESTMENT HIGHLIGHTS 1 2 3 Well-established life insurer with a diversified business • • • A leading insurance company with retail life and annuity product offerings through our Consumer Markets division Strong market position in the affluent market with extensive distribution relationships • Well-established and growing in our Institutional markets Entering the Workforce Benefits market through a dedicated, greenfield business line Experienced and seasoned management team Senior management has extensive experience in the insurance and investment industry, with ~30 average years of experience Robust balance sheet • Strong capitalization and liquidity • Risk-based capital ratio¹ of 486% as of December 31, 2022 . Commitment to credit strength and ratings 4 5 6 • • High quality, diversified investment portfolio Strong performing general account portfolio Portfolio mainly comprised of investment grade public and private fixed income securities, mortgage loans and contract loans Strong commercial mortgage portfolio loan-to-value of 60% as of December 31, 2022 Well-defined risk management and governance framework • • Strong risk conscious culture that is embedded throughout the enterprise Guides capital and risk management decisions Robust financial liquidity to meet obligations Mutual insurance holding company structure Mutual holding company structure provides strong focus on long term policyholder value creation with a thoughtfully managed financial profile that is not subject to public investor expectations of capital return such as stock buybacks 1 RBC Ratio is not intended for the purpose of ranking any insurance company or for use in connection with any marketing, advertising or promotional activities. See limitations on use in Important Notices, on slide 2 PACIFIC LIFE PLGFII - Investor Presentation (Q4 2022) 8 of 35

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