Pacific Life Re International Limited (Canada Branch) LIMAT public disclosure requirement

Business Lines

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- Protection We are global experts in managing and evaluating mortality, critical illness, disability, medical and associated risks.
  - Europe
  - Asia
  - Australia
  - North America
- Savings & Retirement We provide longevity and funded reinsurance solutions that seek to reduce risk exposures, improve capital efficiency and increase new business volumes.
About us

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- About us We are a global reinsurance company providing protection and savings and retirement products. Our client base stretches across the world from the UK and Europe to North America, Asia and Australia.
Insights
Careers

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- Overview Join us and take your career to the next level.
  - Early careers
  - Current vacancies
- Working here Learn more about what it's like to work here.
  - Diversity, equity & inclusion
  - Health and wellbeing
Sustainability

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- Overview As a business we recognise the need to play our part in addressing the global challenges of climate change and social inequality as well as ensuring corporate transparency and accountability.
  - Environmental stewardship
- Philanthropy Philanthropy is a key component of our approach to Sustainability, from driving positive impact through our social engagement to supporting initiatives that provide for a more sustainable environment.
  - Charity partners
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Pacific Life Re Canada Branch LIMAT Disclosure

Q4 2024

Solvency ratio

LIMAT Ratios Public Disclosure Summary Template

(CAD thousands, except percentages)

Branches are required, at minimum, to maintain a Total Ratio of 90%. Canada’s Office of the Superintendent of Financial Institutions (“OSFI”) has established a supervisory target level of 100% for Total Margin.

Definitions of terms can be found in the OSFI Guideline A: LICAT – Life Insurance Capital Adequacy Test

		Current Period	Prior Period	Change (%)
Available Margin (A – B)	C	195,885	184,766	6%
· Assets Available	A	281,052	289,530	-3%
· Assets Required	B	85,167	104,764	-19%
Surplus Allowance and Eligible Deposits	D	620,453	367,945	69%
Required Margin	E	602,127	364,637	65%
LIMAT Total Ratio ([C + D] / E x 100)		136%	152%	-16%

Qualitative analysis of change in solvency ratio

The results above represent a comparison of the December 31^st2024 and December 31^st 2023 solvency for the Branch. Through 2024 the Branch has used its excess capital above and beyond its long-term internal target to write additional new business in both Protection and Longevity lines of business. The total ratio continues to remain strong relative to the Branch’s long-term internal target.