Investor Presentaiton
Liquidity Summary
($ Billions) 12/31/22
Cash and Cash Equivalents¹
$1.0
High Quality Liquid Assets (HQLA)²
$0.7
Total Cash and HQLA
$1.7
Revolving Credit Facility (RCF)³
$1.0
•
Total Contingent Capacity4
$3.8
Total Available Liquidity5
$6.5
.
• Pacific Life has adequate liquidity with Cash and HQLA of
$1.7B
• We have no material pre-funding needs in the next decade.
• Additionally, we have $1.0B in an undrawn revolving credit
facility provided collectively by 21 top tier global and U.S.
banks
Pacific Life also has $3.8B in unencumbered contingent
liquidity facilities, with the majority being capable of
providing same day funding
• Total available liquidity of $6.5B represents a subset of our
total available liquidity at the consolidated group level
1 Excludes bilateral cash collateral pledged or received, including associated deposits and restricted funds
2 HQLA includes U.S. Treasury securities, obligations of other U.S. government authorities and agencies, and publicly traded U.S. Investment Grade bonds that are either close to maturity (duration < 3 months) or on the run securities (issued in the last 31
days)
3 PLC and PLIC co-borrowed RCF matures in June 2026
4
Contingent capacity include estimated borrowing capacity against Federal Home Loan Bank (FHLB) eligible collateral ring-fenced for PLIC liquidity, commercial paper program and securities lending cash release capacity
Represents management's internal measure of liquidity. Includes liquidity sources within PLC and readily available to PLIC
PACIFIC LIFE
PLGFII - Investor Presentation (Q4 2022)
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