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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) 23 of 35
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