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Fitch affirms Pacific Life, units

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Fitch affirms Pacific Life, units

Fitch Ratings has affirmed Pacific Life Insurance Co.'s long-term issuer default rating at A, insurer financial strength rating at A+ and short-term issuer default rating at F1.

Fitch also affirmed Pacific LifeCorp's long-term issuer default rating at A-.

Additionally, the rating agency affirmed A+ insurer financial strength rating of Pacific Life & Annuity Co. and Pacific Life Re Ltd.

The ratings outlook is stable.

The ratings affirmations are based on Pacific Life's diverse business profile, "very strong" statutory capitalization and good earnings, investment management and liquidity. Fitch views the company's earnings profile as strong and in line with rating guidelines at the current level.