July 22, 2014 10:59 AM ET

Insurance

Company Overview of Jackson National Life Insurance Company

Company Overview

Jackson National Life Insurance Company provides life insurance and institutional products in the United States. It offers a range of retirement solutions, including variable, fixed, and fixed index annuities. The company also provides asset management and retail brokerage services. Jackson National Life Insurance Company markets its products through various distribution channels consisting of independent agents, independent and regional broker-dealers, and financial institutions, such as banks and credit unions. The company was founded in 1961 and is based in Lansing, Michigan. Jackson National Life Insurance Company operates as a subsidiary of Brooke Life Insurance Company.

1 Corporate Way

Lansing, MI 48951

United States

Founded in 1961

Phone:

517-381-5500

Key Executives for Jackson National Life Insurance Company

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Executive Vice President
Chief Operating Officer
President of Institutional Marketing Group
Chief Information Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

Jackson National Life Insurance Company Key Developments

Jackson Launches New EALive! Educational Events for Advisors

Jackson National Life Insurance Company announced the launch of its new EALive! education program, a component of its comprehensive alternatives education initiative for advisors. The program, which includes webinars, live in-person events, a virtual conference and teleconference opportunities, features presentations and keynotes from Jackson thought leaders and industry experts on the importance of alternative investments. The EALive! education program is designed to be informative and engaging for advisors with interactive dialogue among participants and speakers, according to Bill Burrow, senior vice president of National Sales Development for Jackson National Life Distributors LLC.

Jackson National Life Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2013

Jackson National Life Insurance Company reported earnings results for the full year ended December 31, 2013. For the period, the company generated $2.0 billion in IFRS pretax operating income during 2013, an increase of 28.0% over 2012. IFRS net income for December 31, 2013 was $730 million. The company also reported total sales and deposits of $27.3 billion, 7.3% higher than the prior year. The key driver of this increase in 2013 was company's newest variable annuity product, Elite Access, which provides tax efficient access to alternative investments. Elite Access contributed $4.0 billion in total sales in 2013, up from $1.3 billion in 2012. US GAAP basis net income was $755.2 million.

Jackson National Life Insurance Company Reports Sales Results for the Nine Months of 2013

Jackson National Life Insurance Company reported sales results for the nine months of 2013. For the period, the company generated $20.7 billion in total sales and deposits, an increase of 5.4% year over year. This modestly higher level of sales was achieved despite a decrease in sales of variable annuities (VAs) with living benefits, as the decline was more than offset by sales of Elite Access(R), Jackson's VA investment platform without guarantees.

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