The company counts more than half the top Fortune 100 companies as clients.
In 2004, Pacific Life reported $4.1 billion in revenues and operating income of $394 million. The company had assets of $77.3 billion at the end of 2004.
The company was founded in 1868 as Pacific Mutual in Sacramento. California Governor Leland Stanford was the first company President. He would also found Stanford University.
In 1997, Pacific Mutual converts to a mutual holding company structure and Pacific Mutual is re-named Pacific Life. The company remains held by stockholders but is not publicly traded.
- Medical, dental plans and prescription
Defined contribution plan (401K plan)- employee contribution rate of 2-35% and the company matches 75% of the first 2-6% of employee contributions with company stock through an Employee Stock Ownership Plan (ESOP).
Updated September 18, 2005