Market Overview

Pacific Life Announces New Head of Retirement Solutions Division

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Joe Celentano to Assume Leadership Following Retirement of Dewey
Bushaw

Pacific Life today announced Joe Celentano, senior vice president and
chief finance and risk officer of the company's Retirement Solutions
Division (RSD), will succeed Dewey Bushaw as leader of the business
unit, effective January 1, 2019. The Retirement Solutions Division
offers products and solutions designed to help individuals and families
achieve asset growth, sustainable retirement income, and long-term
financial independence.

Mr. Celentano joined Pacific Life in 1992 and has served in a variety of
leadership roles throughout the company. He previously served as Pacific
Life's chief risk officer from 2012 – 2017 before joining RSD in his
current role overseeing the division's financial and risk management
operations. In his new role as executive vice president, Mr. Celentano
will focus on growth and innovation, while also continuing the expansion
of product offerings and distribution channels to meet the needs of
Pacific Life's evolving clients. He will transition into his new role
over the course of the fourth quarter in 2018.

"Joe's leadership, sharp strategic and analytical perspective, and deep
knowledge across our businesses makes him ideally suited for this role,"
said Pacific Life Chairman, President and CEO Jim Morris.

Mr. Bushaw's retirement marks the end of a distinguished and memorable
24-year career with Pacific Life with many significant contributions,
most notably his strong leadership in stewarding the division through a
period of unprecedented growth and industry changes.

"With his keen sense for market opportunities, Dewey's tireless efforts
toward building the business that we have today has helped prepare RSD
for even greater success in the future," said Morris. "We thank Dewey
for his many contributions to Pacific Life, and celebrate his remarkable
career of outstanding commitment and dedication to the company."

About Pacific Life

Celebrating 150 years of service in 2018, Pacific Life provides a wide
range of life insurance products, annuities, and mutual funds, and
offers a variety of investment products and services to individuals,
businesses, and pension plans. Pacific Life counts more than half of the
100 largest U.S. companies as its clients. For additional company
information, including current financial strength ratings, visit www.PacificLife.com.
To explore the heritage of Pacific Life and learn more about our
history, visit www.PL150years.com.

Pacific Life refers to Pacific Life Insurance Company and its
affiliates, including Pacific Life & Annuity Company. Client count as of
June 2018 is compiled by Pacific Life using the 2018 FORTUNE 500® list.

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