Pacific Life installs the first UNIVAC computer in a private company west of the Mississippi.
The home office moves to its current location in Newport Beach.
Pacific Life starts a relationship with the M Group and begins transitioning from a career agency model to an independent brokerage model.
The Pacific Mutual Foundation is established with a $3 million endowment.
The company wins the right to rehabilitate the failing First Capital Life and provide protection for its former policyholders.
PIMCO, the successful investment management subsidiary of Pacific Life, is spun off into an independent company.
Pacific Mutual continued to grow during the second half of the 20th century, adopting the latest technology and offering innovative solutions. As a mutual company, Pacific Mutual was able to take a long-term view on projects that ultimately became immensely successful. Pacific Mutual kicked off its second century of service in 1968 with celebrations and a vision to be a dynamic "young world" organization. A few years later, the company established its new headquarters in Newport Beach.
In the early 1980s, the company began transitioning from an agency sales model to an independent brokerage model. It committed to rehabilitating the insurance company First Capital beginning in 1992, offering long-term coverage for the company's policyholders. In 1994, Pacific Mutual spun off the asset management company PIMCO, created 23 years earlier, as a $70 billion separate business.