An AC-to-DC power converter that is capable of generating a regulated, isolated DC voltage output from a power factor corrected AC voltage input with improved efficiency. The AC-to-DC power converter is a two-stage power converter including a PFC stage connected in series to a power conversion stage. The PFC stage performs power factor correction using a zero current switching technique, and the power conversion stage includes a zero voltage switched half-bridge converter. The power conversion stage includes a transformer for providing the isolated DC voltage output. The AC-to-DC power converter includes a single feedback control loop for transferring error information from the DC voltage output to the PFC stage, thereby obtaining regulation of the DC voltage output.