Filed Under:Markets, Company News

Fitch affirms Pacific Life’s “stable” rating

Photo credit: AP Images
Photo credit: AP Images

Fitch Ratings has affirmed the “stable” ratings of Pacific Life Insurance Company and certain of its subsidiaries, including Pacific Life & Annuity Company.

Fitch Ratings, Chicago, states that the rating affirmation is based on Pacific Life’s “diverse business profile, strong statutory capitalization, good liquidity and stabilizing investment performance.” Offsetting these positives, Fitch adds, are the “increased leverage across the organization and expectations of lower earnings [that] will pressure organic capital generation.”

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Nichole Morford

Nichole Morford
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