Pacific Life
| Pacific Life Insurance Company
|
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|---|---|
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| legal form | Mutual Holding Company |
| founding | 1868 |
| Seat | Newport Beach , California , USA |
| management | James T. Morris |
| sales | 6.5 billion US dollars (2007) |
| Branch | Insurance and financial services |
| Website | www.pacificlife.com |
Pacific Life is an American life insurance - and financial services company headquartered in Newport Beach in the US state of California .
The company was founded in 1868 and is listed on Forbes Magazine's Fortune 500 list . Sales in 2007 amounted to about 6.5 billion US dollars .
Pacific Life was also the eponymous sponsor of the Indian Wells Masters tennis tournament until 2008 .
history
The company was founded in Sacramento in 1868 under the name Pacific Mutual . Former Governor Leland Stanford was the first chairman of the company, which moved to San Francisco in 1881. The first accident insurance was offered four years later . After the devastating San Francisco earthquake of 1906 , Pacific Mutual relocated its headquarters to Los Angeles further south .
In the early 1970s, the subsidiary PIMCO was founded , which today operates as an independent capital investment company. In 1972, the company was relocated to the new Newport Center business district in Newport Beach . From 1988 Pacific Mutual introduced a unit-linked life insurance with flexible premium payment methods.
In 1997 the company was finally converted into a Mutual Holding Company and adopted its current name Pacific Life . Since 2005, the insurer has been officially based in the state of Nebraska for tax reasons . However, the headquarters of the administration remains in Newport Beach, California .
Web links
Individual evidence
- ^ Company Profile. (No longer available online.) Pacific Life , formerly the original ; accessed on May 7, 2009 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ^ A b c Significant Events In Our History. Pacific Life , accessed June 6, 2009 .
