AM Best has commented that the Short Term Issuer Credit Ratings of AMB-1+ (Strongest) of Pacific Life Insurance Company’s recently amended commercial paper program remain unchanged following the announcement of an increase in its size to $2.25 billion from the previous $1 billion level, which took effect Sept. 30, 2026.

AM Best recognizes that the amended program will provide benefit to the company’s liquidity profile by matching the size of its commercial paper program to its enterprise revolving credit facility backstop and also increase the financial flexibility through diversification of funding sources, while leverage and coverage calculations remain within levels supportive of the Credit Ratings.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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