ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY
1
2
3
4
5
6
7
8
9
Other Lines of
YRT Mortality
Total
Individual Life
Group Life
Individual Annuities
Group Annuities
Accident and Health
Fraternal
Business
Risk Only
1.
Premiums and annuity considerations for life and accident and health contracts
…………17,595,753,800
……………..344,785,245
……………….. 1,782,491
………… 16,894,301,754
……………..354,884,310
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
2.
Considerations for supplementary contracts with life contingencies
………………….. 927,394
……………XXX
……………XXX
………………….. 927,394
…………………………… 0
……………XXX
……………XXX
……………………………
0
……………XXX
3.
Net investment income
…………..2,985,426,125
……………..652,280,358
……………….. 1,032,395
…………..1,426,677,754
……………..891,052,521
……………… 14,383,097
……………………………
0
……………………………
0
…………………………… 0
4.
Amortization of Interest Maintenance Reserve (IMR)
……………… (9,868,860)
……………… (2,928,870)
……………………. (9,409)
(4,600,301)
(2,330,280)
0
……………………………
0
……………………………
0
0
5.
Separate Accounts net gain from operations excluding unrealized gains or losses
……………..212,425,954
…………………………… 0
…………………………… 0
……………..212,425,954
…………………………… 0
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
6.
Commissions and expense allowances on reinsurance ceded
…………..1,332,091,024
……………… 14,632,456
……………………. 93,954
…………..1,305,918,738
……………….. 9,827,421
……………….. 1,618,455
……………XXX
……………………………
0
…………………………… 0
7.
Reserve adjustments on reinsurance ceded
…………………………… 0
…………………………… 0
…………………………… 0
0
0
0
……………XXX
……………………………
0
0
8.
Miscellaneous Income:
8.1 Income from fees associated with investment management, administration and
contract guarantees from Separate Accounts
…………. 2,708,867,953
………………….. 549,105
……………….. 2,250,104
2,735,509,757
(29,441,013)
0
……………XXX
……………………………
0
0
8.2 Charges and fees for deposit-type contracts
…………………………… 0
…………………………… 0
…………………………… 0
…………………………… 0
…………………………… 0
……………XXX
……………XXX
……………………………
0
…………………………… 0
8.3 Aggregate write-ins for miscellaneous income
733,282,340
(5,949,793)
62
546,784,084
192,447,987
0
0
0
0
9.
Totals (Lines 1 to 8.3)
25,558,905,730
1,003,368,501
5,149,597
23,117,945,134
1,416,440,946
16,001,552
0
0
0
10.
Death benefits
……………..888,172,646
……………..882,208,462
……………….. 5,964,184
…………………………… 0
…………………………… 0
……………XXX
……………XXX
……………………………
0
…………………………… 0
11.
Matured endowments (excluding guaranteed annual pure endowments)
……………….. 6,699,515
……………….. 6,699,515
…………………………… 0
0
0
……………XXX
……………XXX
……………………………
0
0
12.
Annuity benefits
…………..3,600,806,416
……………XXX
……………XXX
…………..2,948,946,194
……………..651,860,222
……………XXX
……………XXX
……………………………
0
……………XXX
13.
Disability benefits and benefits under accident and health contracts
……………….12,710,259
……………….12,698,539
……………………. 11,720
…………………………… 0
…………………………… 0
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
14.
Coupons, guaranteed annual pure endowments and similar benefits
…………………….52,756
…………………….52,756
…………………………… 0
…………………………… 0
…………………………… 0
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
15.
Surrender benefits and withdrawals for life contracts
………… 29,349,405,299
……………..222,047,918
…………………….53,786
25,865,463,428
3,261,840,167
……………XXX
……………XXX
……………………………
0
0
16.
Group conversions
…………………………… 0
…………………………… 0
…………………………… 0
0
0
0
……………XXX
……………………………
0
0
17.
Interest and adjustments on contract or deposit-type contract funds
……………..345,939,032
………………..7,607,228
…………………….. 8,896
……………….. 2,066,577
……………..336,256,331
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
18.
Payments on supplementary contracts with life contingencies
……………….15,212,435
…………………………… 0
…………………………… 0
……………….15,212,435
…………………………… 0
……………XXX
……………XXX
……………………………
0
…………………………… 0
19.
Increase in aggregate reserves for life and accident and health contracts
(424,050,529)
(312,516,795)
(343,730)
231,899,851
(343,089,855)
0
XXX
0
0
20.
Totals (Lines 10 to 19)
………… 33,794,947,829
……………..818,797,623
……………….. 5,694,856
…………29,063,588,485
…………. 3,906,866,865
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
21.
Commissions on premiums, annuity considerations and deposit-type contract funds
(direct business only)
…………..1,887,401,667
……………….. 3,039,530
…………………….10,582
…………..1,771,986,228
……………..110,933,734
……………….. 1,431,593
……………………………
0
……………………………
0
……………XXX
22.
Commissions and expense allowances on reinsurance assumed
……………..183,110,060
……………….. 5,990,997
…………………………… 0
……………..150,785,126
……………… 26,147,075
………………….. 186,862
……………XXX
……………………………
0
…………………………… 0
23.
General insurance expenses and fraternal expenses
……………..839,669,158
…………….. 147,095,190
………………….. 472,785
498,417,910
193,683,273
0
……………………………
0
……………………………
0
0
24.
Insurance taxes, licenses and fees, excluding federal income taxes
……………….47,496,942
……………….. 9,586,399
…………………….31,448
27,358,338
10,520,757
0
……………………………
0
……………………………
0
0
25.
Increase in loading on deferred and uncollected premiums
………………….(336,269)
………………….(336,065)
………………………. (204)
…………………………… 0
…………………………… 0
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
26.
Net transfers to or (from) Separate Accounts net of reinsurance
………. (13,804,549,046)
……………… (2,816,670)
………………….(180,765)
………. (10,786,965,333)
…………(3,014,586,278)
…………………………… 0
……………XXX
……………………………
0
…………………………… 0
27.
Aggregate write-ins for deductions
1,145,885,517
294,989,286
(974,937)
845,616,609
(8,128,538)
14,383,097
0
0
0
28.
Totals (Lines 20 to 27)
24,093,625,858
1,276,346,290
5,053,765
21,570,787,363
1,225,436,888
16,001,552
0
0
0
29.
Net gain from operations before dividends to policyholders, refunds to members and
federal income taxes (Line 9 minus Line 28)
…………..1,465,279,872
…………… (272,977,789)
…………………….95,832
…………..1,547,157,771
……………..191,004,058
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
30.
Dividends to policyholders and refunds to members
7,393,269
7,393,269
0
0
0
0
XXX
0
0
31.
Net gain from operations after dividends to policyholders, refunds to members and
before federal income taxes (Line 29 minus Line 30)
…………. 1,457,886,603
…………… (280,371,058)
…………………….95,832
…………..1,547,157,771
……………..191,004,058
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
32.
Federal income taxes incurred (excluding tax on capital gains)
96,184,516
(58,877,924)
20,124
114,931,465
40,110,851
0
0
0
0
33.
Net gain from operations after dividends to policyholders, refunds to members and
federal income taxes and before realized capital gains or (losses) (Line 31 minus
Line 32)
1,361,702,087
(221,493,134)
75,708
1,432,226,306
150,893,207
0
0
0
0
34.
Policies/certificates in force end of year
2,261,740
877,269
14,532
1,207,088
162,851
0
XXX
0
0
DETAILS OF WRITE-INS
……………………………………………………………………….08.301. General account policy fees
……………… 67,595,782
…………………………… 0
…………………………… 0
……………….60,193,531
……………….. 7,402,251
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
………………………………………………………………………………………….08.302. Marketing fees
……………..671,632,288
…………………………… 0
…………………………… 0
……………..486,586,552
……………..185,045,735
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
08.303. Miscellaneous income
……………..(10,661,669)
……………..(10,665,344)
…………………………… 0
3,674
0
0
……………………………
0
……………………………
0
0
08.398. Summary of remaining write-ins for Line 8.3 from overflow page
……………….. 4,715,939
……………….. 4,715,551
…………………………. 62
…………………………326
…………………………… 0
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)
733,282,340
(5,949,793)
62
546,784,084
192,447,987
0
0
0
0
2701.
Additional contract benefits to Founders Plan policyholders
……………………. 59,095
……………………. 59,095
…………………………… 0
…………………………… 0
…………………………… 0
…………………………… 0
……………………………
0
……………………………
0
…………………………… 0
2702.
Interest on funds withheld treaties
……………..989,253,550
……………..330,904,265
…………………………… 0
643,966,188
0
14,383,097
……………………………
0
……………………………
0
0
2703.
Reclassification of ceding commission to surplus
…………..1,214,819,693
…………………………… 0
…………………………… 0
1,214,819,693
0
0
……………………………
0
……………………………
0
0
2798.
Summary of remaining write-ins for Line 27 from overflow page
…………(1,058,246,821)
……………..(35,974,074)
………………….(974,937)
(1,013,169,272)
(8,128,538)
0
……………………………
0
……………………………
0
0
2799.
Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)
1,145,885,517
294,989,286
(974,937)
845,616,609
(8,128,538)
14,383,097
0
0
0
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.