PACIFIC LIFE RE INTERNATIONAL LIMITED

Accounting basis

US GAAP (Financial Accounting Standards Board)

Reporting scope

Consolidated group

Auditor

Deloitte & Touche LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

Group structure

1. PACIFIC LIFE RE INTERNATIONAL LIMITED · parent
   1. Pacific Life Re (Australia) Pty Limited 100% · Australia · providing reinsurance which includes individual and group life, disability and critical illness, and income protection reinsurance in Australia.
   2. Pacific Life Re Holdings Limited 100% · UK · holdings company
   3. Pacific Life Re Limited 100% · UK

Significant events

• “In February 2026, RIBM issued a letter of support confirming its intention to financially support UnderwriteMe Limited, an indirect subsidiary of PLRH LLC, through April 2027 to ensure business continuity.”
• “On March 27, 2026, the Company received a capital contribution of $250.0 million from RGBM which was recognized as additional paid-in capital.”
• “During March 2026, RIBM borrowed $1,250 million short-term loans from PLIC, which were fully repaid on March 30, 2026.”
• “On April 2, 2026, PLRL and PLRH were dissolved.”
• “On January 1, 2025, the Company adopted Accounting Standards Update (ASU) 2018-12, Targeted Improvements To The Accounting For Long-duration Contracts, with a transition date of January 1, 2024.”
• “During 2025, the Company adopted a new hedge accounting methodology for cash flow and fair value hedges using foreign currency swaps on foreign-denominated liabilities.”
• “On December 10, 2025, the amount of revolving credit limit of this facility was amended to $3.0 billion.”
• “Effective July 1, 2025, RIBM entered into a leveraged swap (legally a derivative but classified as debt) directly with a third-party bank as part of a funded reinsurance transaction.”
• “RIBM UK Branch restruck longevity swap treaties and recognized $64.5 million (2024: $276.0 million) of fees which is presented within net premiums and other insurance revenue.”
• “In 2025, the Company recaptured reinsurance treaties and recognized $4.3 million (2024: $40.0 million) of recapture fee presented within net premiums and other insurance revenue.”
• “In 2024, a retrocession contract between PLIC and RIBM UK Branch was novated.”
• “Bermuda enacted a 15% corporate income tax regime (Bermuda CIT) that applies to Bermuda businesses that are part of multinational enterprise groups with annual revenue of €750.0 million or more and is effective for tax years beginning on or after January 1, 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.