Investor Presentaiton
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Statutory Capital and Admitted Assets
Capital and Surplus increased from prior year driven by a $700 million capital
contribution from Pacific LifeCorp following Pacific LifeCorp senior note issuance,
core operations, offset by net impact of weaker equity markets and higher interest
rates
Company action level risk-based capital ratio (RBC Ratio) 1 of 486% as of December
31, 2022
Assets increased $249M due to general account growth from new business offset
by decline in separate accounts values primarily from weak equity markets
Net income of $151M was driven by core operations, offset by net
derivative losses impacted by weaker equity markets and higher interest rates
$159,293
2020
PLIC Admitted Assets
$178,066
2021
($ Millions)
$178,315
2022
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. RBC is only presented on an annual basis.
PACIFIC LIFE
PLIC Capital and Surplus
$11,364
$11,353
$11,702
RBC Ratio¹
2020
628%
2021
586%
2022
486%
($ Millions)
PLIC Net Income / (Loss)
($ Millions)
$861
$151
($99)
2020
2021
2022
PLGFII - Investor Presentation (Q4 2022)
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