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pacificlife.com

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Investments

15

Portfolio Exits

6

Partners & Customers

8

About Pacific Life Insurance

Pacific Life Insurance Company provides variable and equity indexed universal life insurance, term life insurance, variable and fixed annuity/annuities, mutual funds, and 529 college savings plans. Pacific Life Insurance Company

Pacific Life Insurance Headquarter Location

700 Newport Center Drive P.O. Box 9000

Newport Beach, California, 92658,

United States

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Latest Pacific Life Insurance News

Pacific Life announces changes to leadership roles

Aug 26, 2021

Reinsurance News Pacific Life Insurance Company has appointed Darryl Button as Chief Executive Officer (CEO) and president of Pacific Life. He will succeed current Chairman, President and CEO Jim Morris, in April 2022 upon Morris’ retirement. Button joined Pacific Life in 2017, bringing with him significant experience overseeing corporate and financial strategies, and he has been instrumental in improving Pacific Life’s financial strength. He is responsible for the company’s finance, risk management and corporate development functions, as well as Pacific Life’s investment organisations responsible for overseeing over $119 billion in assets in Pacific Life’s general account. Button has also overseen the creation of a new business division last year which focused on serving institutional clients with pension risk transfer and 401(k) plan investment solutions. Following his planned retirement in April, Morris will continue to serve as a director on the board of Pacific Mutual Holding Company through the conclusion of his elected term in May 2023. Prior to joining Pacific Life in March 2017, Button served for 17 years at Aegon where his last role was chief financial officer and a member of the Executive Board of Aegon N.V. He began his career at Mutual Life Insurance of Canada and is a fellow of the Society of Actuaries, a fellow of the Canadian Institute of Actuaries, and a member of the American Academy of Actuaries. In addition, the board of directors of Pacific Mutual Holding Company, the parent company of Pacific Life, has named Mariann Byerwalter as its non-executive board chair, also beginning in April 2022. Byerwalter has served on the Pacific Mutual Holding Company board of directors since 2005 and has been its lead director since 2019. Morris commented: “Darryl is a proven leader who has a deep knowledge of the insurance industry and a commitment to the financial security our products provide to our policyholders. “He understands the balance between strategic growth and risk management that will ensure Pacific Life’s continued success.” Button commented: “I am honoured by the Board’s decision and their vote of confidence, and I look forward to the continued growth and transformation of this storied company. “Pacific Life has talented and passionate employees at its core and together we will continue our journey of being the company of choice providing financial security and well-being through industry-leading innovation. “Jim’s passion for Pacific Life, our industry, and the value our products provide is evident to all he meets. “He led Pacific Life through some significant economic challenges, including the 2008 financial crisis and the current COVID-19 pandemic, all while building a culture focused on customer service, growth, and innovation that has well-positioned Pacific Life for continued success.” Byerwalter added: “I would like to thank Jim for his exceptional leadership as chairman, president and CEO. He is a true leader in our industry, with an unwavering commitment to uphold our mission. Jim will leave a strong legacy and an organisation well-positioned for the future. I look forward to his continued service on our board.” “After a strong multi-year succession planning process, I am pleased to congratulate Darryl on his well-deserved ascension to president and CEO. With Darryl’s industry knowledge, strategic vision and stewardship, the Board is confident he is the right person at the right time to successfully lead Pacific Life.”

Pacific Life Insurance Investments

15 Investments

Pacific Life Insurance has made 15 investments. Their latest investment was in Swell Investing as part of their Corporate Minority on February 2, 2018.

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Pacific Life Insurance Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/2/2018

Corporate Minority

Swell Investing

$30M

Yes

1

11/5/2008

PIPE

ARYX Therapeutics

$21.59M

Yes

3/21/2006

PIPE

Akorn

$19.4M

Yes

10/19/2005

Unattributed VC - II

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$99M

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10

12/24/2002

Unattributed VC - II

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$99M

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10

Date

2/2/2018

11/5/2008

3/21/2006

10/19/2005

12/24/2002

Round

Corporate Minority

PIPE

PIPE

Unattributed VC - II

Unattributed VC - II

Company

Swell Investing

ARYX Therapeutics

Akorn

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Amount

$30M

$21.59M

$19.4M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

10

10

Pacific Life Insurance Portfolio Exits

6 Portfolio Exits

Pacific Life Insurance has 6 portfolio exits. Their latest portfolio exit was Akorn on June 08, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/8/2020

Take Private

Undisclosed Investors

1

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

6/8/2020

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Take Private

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Companies

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Valuation

$991

$991

Acquirer

Undisclosed Investors

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Sources

1

10

10

10

10

Pacific Life Insurance Acquisitions

2 Acquisitions

Pacific Life Insurance acquired 2 companies. Their latest acquisition was Genworth Financial - Term Life Business on June 24, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/24/2016

Acquired Unit

1

11/30/1994

Growth Equity

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$99M

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10

Date

6/24/2016

11/30/1994

Investment Stage

Growth Equity

Companies

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Valuation

Total Funding

$99M

Note

Acquired Unit

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Sources

1

10

Pacific Life Insurance Partners & Customers

8 Partners and customers

Pacific Life Insurance has 8 strategic partners and customers. Pacific Life Insurance recently partnered with Atidot on June 6, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

6/19/2020

Vendor

Atidot

Israel

Pacific Life Raises its Game With Tech From Atidot & ipipeline

Pacific Life has selected Atidot 's predictive analytics models and ipipeline 's InsureSight ® case analytics to analyze the impact of product and pricing changes based on prior sales performance and industry data .

1

4/22/2020

Licensor

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10

5/30/2019

Partner

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10

1/30/2018

Partner

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10

3/23/2015

Partner

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10

Date

6/19/2020

4/22/2020

5/30/2019

1/30/2018

3/23/2015

Type

Vendor

Licensor

Partner

Partner

Partner

Business Partner

Atidot

Country

Israel

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News Snippet

Pacific Life Raises its Game With Tech From Atidot & ipipeline

Pacific Life has selected Atidot 's predictive analytics models and ipipeline 's InsureSight ® case analytics to analyze the impact of product and pricing changes based on prior sales performance and industry data .

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Sources

1

10

10

10

10

Pacific Life Insurance Team

7 Team Members

Pacific Life Insurance has 7 team members, including current Chief Financial Officer, Cheyanne Li.

Name

Work History

Title

Status

Cheyanne Li

Chief Financial Officer

Current

Ravi Vaswani

Senior Vice President

Current

Khanh T. Tran

President

Former

Marc S Franklin

Senior Vice President

Former

Adrian S Griggs

Senior Vice President

Former

Name

Cheyanne Li

Ravi Vaswani

Khanh T. Tran

Marc S Franklin

Adrian S Griggs

Work History

Title

Chief Financial Officer

Senior Vice President

President

Senior Vice President

Senior Vice President

Status

Current

Current

Former

Former

Former

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