NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Today marks Pacific Life’s sesquicentennial anniversary, celebrating 150 years of service to its policyholders. In honor of this milestone anniversary, Pacific Life is embarking on a year-long celebration, designed to showcase the company’s rich history, engage employees, give back to its communities, and illustrate its preparedness for the next 150 years.
“We are proud to celebrate 150 years of service, helping hundreds of thousands of individuals and families with their financial needs,” said Jim Morris, chairman, president and CEO of Pacific Life. “As we celebrate this historic achievement, we remain committed to creating innovative products and services that stand the test of time, providing value and financial security for current and future generations.”
Pacific Mutual Life Insurance Company of California was incorporated on January 2, 1868 in Sacramento and issued the company’s first policy to former California Governor Leland Stanford, the company’s first president. Pacific Mutual overcame the destruction of its headquarters in the 1906 San Francisco earthquake by relocating to Los Angeles, and later to Newport Beach in 1972, where its corporate headquarters reside today.
Pacific Life has become a nationally recognized premium brand, known for its customer service and financial strength. It offers financial protection, income for life, retirement income, wealth accumulation, and wealth preservation solutions that meet the evolving needs of its policyholders.
Beyond the financial services the company provides, philanthropy has been an important aspect of Pacific Life's culture. Over the past 33 years, the Pacific Life Foundation has given more than $100 million to nonprofits and community service efforts, reflecting its commitment to the communities where its employees live and work.
Morris continued, “Innovative solutions and best-in-class service have been hallmarks of Pacific Life throughout our storied history and are essential to our present day growth and success. As we prepare for the next 150 years, we are focused on empowering policyholders and clients for long-term success.”
Learn more about Pacific Life’s rich history and explore key historic events by visiting www.pl150years.com.
About Pacific Life
Celebrating its 150th anniversary in 2018, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com. To explore the heritage of Pacific Life and learn more about our history, visit www.pl150years.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2017 is compiled by Pacific Life using the 2017 FORTUNE 500® list.