Pacific Life
61
3.8
Work happiness
Scores based on about 29 responses to Indeed's survey on work happiness
61
Work Happiness Score
Average
Do people feel happy at work most of the time?
70
Compensation
Above average
Do people feel that they are paid fairly for their work?
68
Appreciation
Average
Do people feel they are appreciated as a person at work?
Pacific Life Careers and Employment
About us
While the breaching whale logo used by Pacific Life Insurance evokes the West Coast, the company operates all across the US. As the primary operating subsidiary of Pacific Mutual Holding Company, Pacific Life offers a wide range of life insurance, asset management, and financial services products, including individual annuities and mutual funds. It – more... also offers a variety of investment products and services for individuals, businesses, and pension plans. Subsidiary Pacific Life & Annuity offers the same mix of life insurance and investment products and services for individuals and businesses in New York. Pacific Life was founded in 1868.
Operations
Pacific Life policyholders are members of parent Pacific Mutual Holding Company, which was created in 1997 following a conversion to the mutual holding company structure. Pacific LifeCorp is the intermediate stock holding company.
While life insurance is the company's bread and butter, it has brought in other operations for variety. Pacific Life's Aviation Capital Group subsidiary leases commercial jets to 90 airlines in more than 40 countries. It also manages aircraft assets for third parties such as commercial airlines, aircraft manufacturers, and financial institutions. Other subsidiaries include Pacific Asset Management, which provides third-party institutional asset management.
Sales & Marketing
Pacific Life's insurance policies are sold through independent distributors and through dealer/broker subsidiary Pacific Select Distributors.
Financial Analysis
The company's growth strategies helped Pacific Life achieve strong results in 2011, with revenues increasing 15% over 2010 to almost 6.7 billion, and net income increasing 29% to $679 million. Its operating income climbed a whopping 40% over 2010 to reach $823 million. The gains achieved were attributed to enhanced service offerings, expanded life insurance, annuity, and mutual fund product offerings, and the two acquisitions made that year.
Strategy
Being a mutual company, Pacific Life operates with a long-term focus to serve in the best interests of its policyholders and clients. in doing so, the company navigated the chilly economic waters of the 2008-2009 recession by steadily introducing new products and building up its capital reserves. By 2010 its net income had grown as risk-weary customers squirreled more of their savings and retirement monies into life insurance and mutual funds.
Mergers, Acquisitions & Divestitures
In 2008 the company added international reinsurance to its portfolio when it acquired the former London-based specialty reinsurance operations of Scottish Re and renamed the business as Pacific Life Re. It then added life retrocession (reinsurance of a reinsurer) to its line-up in 2011 by acquiring that business from Manulife and expanded its business to include the Toronto, Boston, Barbados, and Cologne markets.
Also in 2011 Pacific life bought JPMorgan Chase's pension risk advisory business to form Pacific Global Advisors. The unit offers risk management solutions and advisory services to pension plan sponsors.
The firm divested a noncore business, College Savings Bank, in 2012 to a syndicate of investors for an undisclosed price. The banking unit managed two state-sponsored 529 college savings plans. – less
Operations
Pacific Life policyholders are members of parent Pacific Mutual Holding Company, which was created in 1997 following a conversion to the mutual holding company structure. Pacific LifeCorp is the intermediate stock holding company.
While life insurance is the company's bread and butter, it has brought in other operations for variety. Pacific Life's Aviation Capital Group subsidiary leases commercial jets to 90 airlines in more than 40 countries. It also manages aircraft assets for third parties such as commercial airlines, aircraft manufacturers, and financial institutions. Other subsidiaries include Pacific Asset Management, which provides third-party institutional asset management.
Sales & Marketing
Pacific Life's insurance policies are sold through independent distributors and through dealer/broker subsidiary Pacific Select Distributors.
Financial Analysis
The company's growth strategies helped Pacific Life achieve strong results in 2011, with revenues increasing 15% over 2010 to almost 6.7 billion, and net income increasing 29% to $679 million. Its operating income climbed a whopping 40% over 2010 to reach $823 million. The gains achieved were attributed to enhanced service offerings, expanded life insurance, annuity, and mutual fund product offerings, and the two acquisitions made that year.
Strategy
Being a mutual company, Pacific Life operates with a long-term focus to serve in the best interests of its policyholders and clients. in doing so, the company navigated the chilly economic waters of the 2008-2009 recession by steadily introducing new products and building up its capital reserves. By 2010 its net income had grown as risk-weary customers squirreled more of their savings and retirement monies into life insurance and mutual funds.
Mergers, Acquisitions & Divestitures
In 2008 the company added international reinsurance to its portfolio when it acquired the former London-based specialty reinsurance operations of Scottish Re and renamed the business as Pacific Life Re. It then added life retrocession (reinsurance of a reinsurer) to its line-up in 2011 by acquiring that business from Manulife and expanded its business to include the Toronto, Boston, Barbados, and Cologne markets.
Also in 2011 Pacific life bought JPMorgan Chase's pension risk advisory business to form Pacific Global Advisors. The unit offers risk management solutions and advisory services to pension plan sponsors.
The firm divested a noncore business, College Savings Bank, in 2012 to a syndicate of investors for an undisclosed price. The banking unit managed two state-sponsored 529 college savings plans. – less
Headquarters
700 Newport Center Dr.
Newport Beach CA, United States 92660
Employees
1,001 to 5,000
Revenue
$5B to $10B (USD)
Very supportive team and friendly people
This is a very good place to do a summer internship if you are interested in actuarial science. I found the people to be super helpful and supportive as we worked on our individual projects. I also enjoyed the weekly beach volleyball put on by the company.
What are people saying about the leadership at Pacific Life?
90%
of employees approve of CEO’s performance
CEO Approval is based on 97 ratings
What would you say about your employer?
What are people discussing at Pacific Life?
Top questions about Pacific Life
- How do you feel about going to work each day at Pacific Life?9 people answered
- How long does it take to get hired from start to finish at Pacific Life? What are the steps along th…6 people answered
- How often do raises occur at Pacific Life?6 people answered
What do employees at Pacific Life say about culture and work-life balance?
While working with pacific life it was a great job the people there were friendly and knowledgeable
Working with Pacific life was amazing the employees as well as the managers there were great friendly knowledgeable you had a sense of belonging the customers or amazing as well
What jobs are available at Pacific Life?
Pacific Life jobs:
What did candidates say about the interview at Pacific Life?
Interview experience
Based on 41 interviews
Favorable
Interview difficulty
Based on 41 interviews
Medium
Interview process length
Based on 37 interviews
About two weeks