Fitch affirms Pacific Life

Fitch Ratings said it affirmed the ratings on Pacific LifeCorp and certain of its subsidiaries, including Pacific Life Insurance Co. The outlook is stable.

The agency said the rating affirmation is based on Pacific Life's diverse business profile, strong statutory capitalization, good liquidity and stabilizing operating and investment performance.

Somewhat offsetting these positives are the increased leverage across the organization and expectations of lower earnings which will pressure organic capital generation, the agency said.

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