Jackson Financial : National Life Insurance Company of New York 2024 annual statutory statement

Published: 2025-03-04 16:33:22 ET JXN

ANNUAL STATEMENT

OF THE

JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

TO THE

Insurance Department

OF THE

STATE OF

New York

FOR THE YEAR ENDED

DECEMBER 31, 2024

[ X ] LIFE, ACCIDENT AND HEALTH

[ ] FRATERNAL BENEFIT SOCIETIES

2024

.NY

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

ASSETS

Current Year

Prior Year

Net Admitted Assets

Net Admitted

Assets

Nonadmitted Assets

(Cols. 1 - 2)

Assets

Bonds (Schedule D)

............ 1,326,231,944

.................................0

............ 1,326,231,944

............ 1,299,498,129

Stocks (Schedule D):

2.1 Preferred stocks

2.2 Common stocks

825,487

708,188

3. Mortgage loans on real estate (Schedule B):

3.1 First liens

..................................................................................................

3.2 Other than first liens

Real estate (Schedule A):

.................................4.1 Properties occupied by the company (less $

.......................................................................................encumbrances)

.................................0

4.2 Properties held for the production of income (less

0 encumbrances)

.................................0

4.3 Properties held for sale (less $

.......................................................................................encumbrances)

.................................0

Cash ($ ................. (9,501,086) , Schedule E - Part 1), cash equivalents

115,833,097

, Schedule E - Part 2) and short-term

investments ($

0 , Schedule DA)

................106,332,011

.................................0

................106,332,011

................. 30,770,110

Contract loans (including $

.................................0

premium notes)

...................... 416,422

.................................0

...................... 416,422

.......................375,616

.............................................................................Derivatives (Schedule DB)

.................................0

............................................................Other invested assets (Schedule BA)

.................................0

Receivables for securities

.......................203,507

.................................0

.......................203,507

...................... 496,341

10.

Securities lending reinvested collateral assets (Schedule DL)

...................... 794,110

.................................0

...................... 794,110

................... 3,565,134

11.

.........................................................Aggregate write-ins for invested assets

.................................0

12.

.....................................Subtotals, cash and invested assets (Lines 1 to 11)

............ 1,434,803,481

.................................0

............ 1,434,803,481

............ 1,335,413,518

13.

Title plants less $

0 charged off (for Title insurers

only)

14.

Investment income due and accrued

10,816,048

10,415,774

15. Premiums and considerations:

15.1

Uncollected premiums and agents' balances in the course of collection

..............(190,391,677)

........................ 50,780

..............(190,442,457)

..............(165,531,338)

15.2

Deferred premiums, agents' balances and installments booked but

deferred and not yet due (including $

.................................0

earned but unbilled premiums)

82,201

100,052

15.3

Accrued retrospective premiums ($ .................................0 ) and

contracts subject to redetermination ($

.................................0 )

.................................0

16. Reinsurance:

16.1 Amounts recoverable from reinsurers

48,988,226

46,958,382

16.2 Funds held by or deposited with reinsured companies

........................16.3 Other amounts receivable under reinsurance contracts

116,307,917

.................................0

................116,307,917

................113,639,556

17.

............................................Amounts receivable relating to uninsured plans

.................................0

18.1

....Current federal and foreign income tax recoverable and interest thereon

...................... 665,012

.................................0

...................... 665,012

.................................0

18.2

Net deferred tax asset

................. 36,647,743

................. 10,225,772

................. 26,421,971

................. 20,652,372

19.

Guaranty funds receivable or on deposit

............................. 938

.................................0

............................. 938

.................................0

20.

.....................................Electronic data processing equipment and software

.................................0

21.

Furniture and equipment, including health care delivery assets

0 )

.................................0

22.

Net adjustment in assets and liabilities due to foreign exchange rates

.................................0

23.

Receivables from parent, subsidiaries and affiliates

.................................0

................. 11,272,928

24.

Health care ($

0 ) and other amounts receivable

.................................0

25.

.......................................Aggregate write-ins for other-than-invested assets

................. 12,738,402

...................... 701,145

................. 12,037,257

................. 10,891,639

26.

Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

............ 1,470,658,291

................. 10,977,697

............ 1,459,680,594

............ 1,383,812,883

27.

From Separate Accounts, Segregated Accounts and Protected Cell

Accounts

...........17,304,385,308

.................................0

...........17,304,385,308

.......... 15,871,445,745

28.

Total (Lines 26 and 27)

18,775,043,599

10,977,697

18,764,065,902

17,255,258,628

DETAILS OF WRITE-INS

1101.

......................................................................................................................

....................................

1102.

......................................................................................................................

....................................

1103.

......................................................................................................................

....................................

1198.

...................Summary of remaining write-ins for Line 11 from overflow page

.................................0

1199.

Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)

2501.

Amounts due from agents

391,802

2502.

...............................................................................................Admitted disallowed IMR

12,037,257

.................................0

................. 12,037,257

................. 10,891,639

2503.

Prepaid other expenses

.......................309,343

.................................0

2598.

...................Summary of remaining write-ins for Line 25 from overflow page

.................................0

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

12,738,402

701,145

12,037,257

10,891,639

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

LIABILITIES, SURPLUS AND OTHER FUNDS

Current Year

Prior Year

Aggregate reserve for life contracts $

629,662,816 (Exh. 5, Line 9999999) less $

included in Line 6.3 (including $

0 Modco Reserve)

..........................................................................

629,662,816

627,157,754

Aggregate reserve for accident and health contracts (including $

0 Modco Reserve)

Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $

.................................0

Modco Reserve)

................... 8,335,841

8,717,265

4. Contract claims:

4.1

Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)

................. 10,694,820

14,167,327

4.2

Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)

.................................0

5. Policyholders' dividends/refunds to members $

0 and coupons $

0 due

and unpaid (Exhibit 4, Line 10)

.................................0

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

6.1

Policyholders' dividends and refunds to members apportioned for payment (including $

Modco)

.................................0

6.2

...............................Policyholders' dividends and refunds to members not yet apportioned (including $

0 Modco) ....

.................................0

6.3

Coupons and similar benefits (including $

0 Modco)

.................................0

.......................................................................Amount provisionally held for deferred dividend policies not included in Line 6

.................................0

Premiums and annuity considerations for life and accident and health contracts received in advance less

.................................0 discount; including $

0 accident and health premiums (Exhibit 1,

Part 1, Col. 1, sum of lines 4 and 14)

5,176

6,073

9. Contract liabilities not included elsewhere:

9.1

Surrender values on canceled contracts

............................................................................................................................

.................................0

9.2

Provision for experience rating refunds, including the liability of $

.................................

accident and health

experience rating refunds of which $

.................................0

is for medical loss ratio rebate per the Public Health

Service Act

.................................0

9.3 Other amounts payable on reinsurance, including $

0 assumed and $

ceded

.................................0

........................................................................................................................9.4 Interest maintenance reserve (IMR, Line 6)

.................................0

10.

Commissions to agents due or accrued-life and annuity contracts $

...................

7,116,505

accident and health

.................................0 and deposit-type contract funds $

................... 7,116,505

...................6,188,451

11.

Commissions and expense allowances payable on reinsurance assumed

..............................................................................

.................................0

12.

..................................................................................................General expenses due or accrued (Exhibit 2, Line 12, Col. 7)

................... 3,442,544

................... 2,799,172

13.

Transfers to Separate Accounts due or accrued (net) (including $

................

(29,859,785)

accrued for expense

...........................................................................................allowances recognized in reserves, net of reinsured allowances)

................(36,870,274)

................(37,205,507)

14.

Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)

................... 1,274,862

................... 1,224,877

15.1 Current federal and foreign income taxes, including $

0 on realized capital gains (losses)

.................................0

................. 19,987,353

15.2

.............................................................................................................................................................Net deferred tax liability

.................................0

16.

...................................................................................................................................................Unearned investment income

.................................0

17.

........................................................................................Amounts withheld or retained by reporting entity as agent or trustee

...................1,695,404

................... 1,573,824

18.

Amounts held for agents' account, including $

agents' credit balances

.................................0

19.

Remittances and items not allocated

................... 7,487,507

................... 2,373,585

20.

Net adjustment in assets and liabilities due to foreign exchange rates

.....................................................................................

.................................0

21.

.......................................................................................Liability for benefits for employees and agents if not included above

.................................0

22.

.................................Borrowed money $

and interest thereon $

.................................

............................................

23.

Dividends to stockholders declared and unpaid

24. Miscellaneous liabilities:

24.01

...............................................................................................................Asset valuation reserve (AVR, Line 16, Col. 7)

................. 13,848,005

................. 12,138,184

.................................24.02 Reinsurance in unauthorized and certified ($

0 ) companies

.................................0

24.03 Funds held under reinsurance treaties with unauthorized and certified ($

0 ) reinsurers

.................................0

24.04

Payable to parent, subsidiaries and affiliates

...................2,555,221

.................................0

24.05

Drafts outstanding

.................................0

24.06

............................................................................................................Liability for amounts held under uninsured plans

.................................0

24.07

........................................................................................................................................Funds held under coinsurance

.................................0

24.08

Derivatives

.................................0

24.09

Payable for securities

.................................0

24.10

Payable for securities lending

...................... 794,110

................... 3,565,134

.................................24.11 Capital notes $

0 and interest thereon $

.................................

.................................0

25.

................................................................................................................................................Aggregate write-ins for liabilities

498,979

1,058,067

26.

.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)

650,541,515

663,751,559

27.

.........................................................................................................................................From Separate Accounts Statement

...........17,304,385,308

.......... 15,871,445,745

28.

Total liabilities (Lines 26 and 27)

17,954,926,823

16,535,197,304

29.

...............................................................................................................................................................Common capital stock

...................2,000,000

30.

...............................................................................................................................................................Preferred capital stock

.................................0

31.

Aggregate write-ins for other-than-special surplus funds

.................................0

32.

.............................................................................................................................................................................Surplus notes

.................................0

33.

Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)

...............................................

................503,858,735

34.

............................................................................................................................Aggregate write-ins for special surplus funds

................. 12,037,257

................. 10,891,639

35.

Unassigned funds (surplus)

291,243,087

203,310,950

36. Less treasury stock, at cost:

36.1

0 shares common (value included in Line 29

.................................0

)

.................................0

36.2

0 shares preferred (value included in Line 30

.................................0

)

.................................0

37.

Surplus (Total Lines 31+32+33+34+35-36) (including $

0 in Separate Accounts Statement)

807,139,079

718,061,324

38.

......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)

809,139,079

720,061,324

39.

Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

18,764,065,902

17,255,258,628

DETAILS OF WRITE-INS

2501.

Escheat escrow liability - outstanding checks

...................... 190,740

...................... 390,842

2502.

Interest payable on contract claims

308,239

...................... 667,225

2503

....................................

2598.

..............................................................................................Summary of remaining write-ins for Line 25 from overflow page

.................................0

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

498,979

1,058,067

3101

....................................

3102

....................................

3103

....................................

3198.

Summary of remaining write-ins for Line 31 from overflow page

.................................0

3199.

Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)

3401.

Admitted disallowed IMR

12,037,257

................. 10,891,639

3402

3403

3498.

Summary of remaining write-ins for Line 34 from overflow page

.................................0

3499.

Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

12,037,257

10,891,639

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

SUMMARY OF OPERATIONS

Current Year

Prior Year

Premiums and annuity considerations for life and accident and health contracts

................528,717,917

................101,132,331

Considerations for supplementary contracts with life contingencies

.................................0

Net investment income (Exhibit of Net Investment Income, Line 17)

49,928,988

47,250,226

Amortization of Interest Maintenance Reserve (IMR, Line 5)

(849,640)

(183,423)

Separate Accounts net gain from operations excluding unrealized gains or losses

19,729,532

Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)

150,743,971

120,145,245

Reserve adjustments on reinsurance ceded

8. Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract guarantees from Separate

Accounts

41,053,475

38,383,260

8.2 Charges and fees for deposit-type contracts

.................................0

8.3 Aggregate write-ins for miscellaneous income

6,752

287,120

Total (Lines 1 to 8.3)

789,330,995

307,014,759

10.

Death benefits

...................... 235,002

........................ 52,500

11.

Matured endowments (excluding guaranteed annual pure endowments)

.................................0

12.

Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)

................. 33,361,695

................. 32,724,945

13.

Disability benefits and benefits under accident and health contracts

.......................... 3,937

..........................3,906

14.

Coupons, guaranteed annual pure endowments and similar benefits

.................................0

15.

Surrender benefits and withdrawals for life contracts

................241,597,939

................183,326,300

16.

Group conversions

.................................0

17.

Interest and adjustments on contract or deposit-type contract funds

.....................(881,292)

.....................(423,949)

18.

Payments on supplementary contracts with life contingencies

.................................0

19.

Increase in aggregate reserves for life and accident and health contracts

2,505,059

(101,977,043)

20.

Totals (Lines 10 to 19)

276,822,340

................113,706,659

21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part

2, Line 31, Col. 1)

144,960,879

109,260,334

22.

Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)

23.

General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Columns 1, 2, 3, 4 and 6)

28,297,003

25,060,357

24.

Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)

1,404,889

...................1,220,944

25.

Increase in loading on deferred and uncollected premiums

........................ 18,993

.......................(14,360)

26.

Net transfers to or (from) Separate Accounts net of reinsurance

................273,203,029

................(53,767,151)

27.

Aggregate write-ins for deductions

13,675,304

(624,344)

28.

Totals (Lines 20 to 27)

738,349,084

194,875,792

29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus

Line 28)

50,981,911

112,138,967

30. Dividends to policyholders and refunds to members

31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29

minus Line 30)

................. 50,981,911

112,138,967

32. Federal and foreign income taxes incurred (excluding tax on capital gains)

(20,768,255)

20,594,070

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)

71,750,166

91,544,897

34.

Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of

0 (excluding taxes of $

115,735

transferred to the IMR)

(427,423)

35.

Net income (Line 33 plus Line 34)

71,750,166

................. 91,117,474

CAPITAL AND SURPLUS ACCOUNT

36.

...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)

720,061,324

603,127,851

37.

Net income (Line 35)

71,750,166

................. 91,117,474

38.

Change in net unrealized capital gains (losses) less capital gains tax of $

..................... 24,633

........................ 92,666

.......................259,763

39.

.................................................................................................Change in net unrealized foreign exchange capital gain (loss)

.................................0

40.

...........................................................................................................................................Change in net deferred income tax

................. 16,020,004

................. 20,721,423

41.

Change in nonadmitted assets

................(10,750,565)

................... 6,725,549

42.

Change in liability for reinsurance in unauthorized and certified companies

.............................................................................

.................................0

43.

................................................................Change in reserve on account of change in valuation basis (increase) or decrease

.................................0

44.

............................................................................................................................................Change in asset valuation reserve

................. (1,709,820)

................. (1,266,392)

45.

..........................................................................Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)

.................................0

46.

Surplus (contributed to) withdrawn from Separate Accounts during period

................. 19,729,532

.................................0

47.

Other changes in surplus in Separate Accounts Statement

................(19,729,532)

.................................0

48.

............................................................................................................................................................Change in surplus notes

.................................0

49.

Cumulative effect of changes in accounting principles

.................................0

50.

Capital changes:

50.1 Paid in

.................................0

50.2 Transferred from surplus (Stock Dividend)

.................................0

.......................................................................................................................................................50.3 Transferred to surplus

.................................0

51.

Surplus adjustment:

51.1 Paid in

.................................0

51.2 Transferred to capital (Stock Dividend)

.................................0

51.3 Transferred from capital

.................................0

....................................................................................................................51.4 Change in surplus as a result of reinsurance

................. 13,675,304

.....................(624,344)

52.

.........................................................................................................................................................Dividends to stockholders

.................................0

53.

Aggregate write-ins for gains and losses in surplus

54.

Net change in capital and surplus for the year (Lines 37 through 53)

89,077,754

116,933,474

55.

Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)

809,139,079

720,061,324

DETAILS OF WRITE-INS

..............................................................................................................................................................................08.301. General account policy fees

6,752

..........................7,645

08.302. Miscellaneous income

.......................279,475

08.303.

....................................

.............................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page

.................................0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398)(Line 8.3 above)

6,752

287,120

2701.

Reinsurance on in-forcebusiness

................. 13,675,304

.....................(624,344)

2702

....................................

2703

....................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

.................................0

2799.

Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)

13,675,304

(624,344)

5301

....................................

5302

5303

5398.

Summary of remaining write-ins for Line 53 from overflow page

.................................0

5399.

Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

CASH FLOW

Cash from Operations

Current Year

Prior Year

.....................................................................................................................................Premiums collected net of reinsurance

................553,646,771

................. 74,592,873

..............................................................................................................................................................Net investment income

................. 49,992,034

................. 47,402,325

...............................................................................................................................................................Miscellaneous income

213,642,103

162,452,576

Total (Lines 1 through 3)

817,280,908

284,447,774

Benefit and loss related payments

................437,381,446

................301,032,657

.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts

................114,781,650

..............(123,440,051)

.....................................................................................Commissions, expenses paid and aggregate write-ins for deductions

................173,031,997

................134,447,759

.................................................................................................................................................Dividends paid to policyholders

.................................0

.................................Federal and foreign income taxes paid (recovered) net of $

0 tax on capital gains (losses)

(1,317,799)

10.

Total (Lines 5 through 9)

725,195,093

310,722,566

11.

Net cash from operations (Line 4 minus Line 10)

92,085,815

(26,274,792)

Cash from Investments

12.

Proceeds from investments sold, matured or repaid:

12.1

Bonds

................138,476,346

............... 121,455,000

12.2

Stocks

.................................0

12.3

Mortgage loans

.................................0

12.4

Real estate

.................................0

12.5

Other invested assets

.................................0

12.6

Net gains or (losses) on cash, cash equivalents and short-term investments

..................................................................

.................................0

12.7

Miscellaneous proceeds

3,063,858

5,898,034

12.8 Total investment proceeds (Lines 12.1 to 12.7)

............... 141,540,204

................127,353,034

13.

Cost of investments acquired (long-term only):

13.1

Bonds

................167,549,914

............... 108,605,862

13.2

Stocks

.................................0

13.3

Mortgage loans

.................................0

13.4

Real estate

.................................0

13.5

Other invested assets

.................................0

13.6

Miscellaneous applications

112,396

13.7

Total investments acquired (Lines 13.1 to 13.6)

167,549,914

108,718,258

14.

Net increase/(decrease) in contract loans and premium notes

40,806

19,887

15.

Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)

(26,050,516)

18,614,889

Cash from Financing and Miscellaneous Sources

16.

Cash provided (applied):

16.1

Surplus notes, capital notes

.................................0

16.2 Capital and paid in surplus, less treasury stock

.................................0

.................................................................................................................................................................16.3 Borrowed funds

.................................0

..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities

................. (6,243,342)

................. (6,171,353)

.................................................................................................................................................16.5 Dividends to stockholders

.................................0

16.6 Other cash provided (applied)

15,769,944

(12,248,114)

17.

Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)

9,526,602

(18,419,467)

RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18.

Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)

75,561,901

(26,079,370)

19. Cash, cash equivalents and short-term investments:

19.1 Beginning of year

................. 30,770,110

................. 56,849,480

19.2 End of year (Line 18 plus Line 19.1)

106,332,011

30,770,110

Note: Supplemental disclosures of cash flow information for non-cash transactions:

20.0001. Debt

equity

securities

acquired from exchange transactions

................... 4,527,592

................... 4,107,742

20.0002. Debt

equity

securities

disposed from exchange transactions

................. (4,517,065)

.................................0

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

Other Lines of

YRT Mortality

Total

Individual Life

Group Life

Individual Annuities

Group Annuities

Accident and Health

Fraternal

Business

Risk Only

Premiums and annuity considerations for life and accident and health contracts

.................528,717,917

....................... 241,795

................................. 0

.................528,476,122

................................. 0

.................................

................................. 0

Considerations for supplementary contracts with life contingencies

................................. 0

...............XXX

................................. 0

...............XXX

.................................

...............XXX

Net investment income

.................. 49,928,988

....................... 737,561

................................. 0

...................39,017,126

...................10,174,301

................................. 0

.................................

................................. 0

Amortization of Interest Maintenance Reserve (IMR)

......................(849,640)

....................... (10,942)

................................. 0

(665,230)

(173,468)

.................................

Separate Accounts net gain from operations excluding unrealized gains or losses

...................19,729,532

................................. 0

...................19,729,532

................................. 0

...............XXX

.................................

................................. 0

Commissions and expense allowances on reinsurance ceded

.................150,743,971

.........................25,425

................................. 0

.................150,718,546

................................. 0

...............XXX

.................................

................................. 0

Reserve adjustments on reinsurance ceded

................................. 0

...............XXX

.................................

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and

contract guarantees from Separate Accounts

.................. 41,053,475

......................... 39,904

................................. 0

41,013,571

...............XXX

.................................

8.2 Charges and fees for deposit-type contracts

................................. 0

...............XXX

.................................

................................. 0

8.3 Aggregate write-ins for miscellaneous income

6,752

Totals (Lines 1 to 8.3)

789,330,995

1,033,743

778,296,419

10,000,833

10.

Death benefits

....................... 235,002

................................. 0

...............XXX

.................................

................................. 0

11.

Matured endowments (excluding guaranteed annual pure endowments)

................................. 0

...............XXX

.................................

12.

Annuity benefits

...................33,361,695

...............XXX

.................. 26,080,216

.................... 7,281,479

...............XXX

.................................

...............XXX

13.

Disability benefits and benefits under accident and health contracts

...........................3,937

................................. 0

...............XXX

.................................

................................. 0

14.

Coupons, guaranteed annual pure endowments and similar benefits

................................. 0

...............XXX

.................................

................................. 0

15.

Surrender benefits and withdrawals for life contracts

................. 241,597,939

....................... 120,650

................................. 0

224,787,074

16,690,215

...............XXX

.................................

16.

Group conversions

................................. 0

...............XXX

.................................

17.

Interest and adjustments on contract or deposit-type contract funds

......................(881,292)

..............................712

................................. 0

......................(971,011)

.........................89,007

................................. 0

...............XXX

.................................

................................. 0

18.

Payments on supplementary contracts with life contingencies

................................. 0

...............XXX

.................................

................................. 0

19.

Increase in aggregate reserves for life and accident and health contracts

2,505,059

66,561

19,302,597

(16,864,099)

XXX

20.

Totals (Lines 10 to 19)

.................276,822,340

....................... 426,862

................................. 0

.................269,198,876

.................... 7,196,602

................................. 0

...............XXX

.................................

................................. 0

21.

Commissions on premiums, annuity considerations and deposit-type contract funds

(direct business only)

.................144,960,879

...........................3,986

................................. 0

.................144,955,209

...........................1,684

................................. 0

.................................

...............XXX

22.

Commissions and expense allowances on reinsurance assumed

................................. 0

...............XXX

.................................

................................. 0

23.

General insurance expenses and fraternal expenses

.................. 28,297,003

....................... 364,404

................................. 0

27,419,590

513,009

.................................

24.

Insurance taxes, licenses and fees, excluding federal income taxes

.................... 1,404,889

.........................46,230

................................. 0

1,077,647

281,012

.................................

25.

Increase in loading on deferred and uncollected premiums

....................... (14,360)

................................. 0

...............XXX

.................................

................................. 0

26.

Net transfers to or (from) Separate Accounts net of reinsurance

.................273,203,029

....................... (59,679)

................................. 0

.................273,262,708

................................. 0

...............XXX

.................................

................................. 0

27.

Aggregate write-ins for deductions

13,675,304

28.

Totals (Lines 20 to 27)

738,349,084

767,443

729,589,334

7,992,307

29.

Net gain from operations before dividends to policyholders, refunds to members and

federal income taxes (Line 9 minus Line 28)

...................50,981,911

....................... 266,300

................................. 0

.................. 48,707,085

....................2,008,526

................................. 0

.................................

................................. 0

30.

Dividends to policyholders and refunds to members

XXX

31.

Net gain from operations after dividends to policyholders, refunds to members and

before federal income taxes (Line 29 minus Line 30)

...................50,981,911

....................... 266,300

................................. 0

.................. 48,707,085

....................2,008,526

................................. 0

.................................

................................. 0

32.

Federal income taxes incurred (excluding tax on capital gains)

(20,768,255)

55,925

(21,245,970)

421,790

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)

71,750,166

210,375

69,953,055

1,586,736

34.

Policies/certificates in force end of year

90,469

290

87,317

2,862

XXX

DETAILS OF WRITE-INS

..................................................................................08.301. General account policy fees

...........................6,752

................................. 0

...........................6,752

................................. 0

.................................

................................. 0

.08.302

................................................................................................................................

....................................

.08.303

................................................................................................................................

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

................................. 0

.................................

................................. 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

6,752

2701.

Reinsurance on in-forcebusiness

.................. 13,675,304

................................. 0

.................. 13,675,304

................................. 0

.................................

................................. 0

2702

....................................

2703

....................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

................................. 0

.................................

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

13,675,304

6.1

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

Universal Life

With Secondary

Variable

Credit Life

Other Individual

YRT Mortality

Total

Industrial Life

Whole Life

Term Life

Indexed Life

Universal Life

Guarantees

Variable Life

Universal Life

(c)

Life

Risk Only

Premiums for life contracts (a)

.................241,795

.................. 17,120

.................. 36,039

..........................0

................. 158,627

..........................0

.................. 30,009

..........................0

Considerations for supplementary contracts with life contingencies

...........XXX

XXX

Net investment income

.................737,561

..........................0

.................. 46,388

..........................0

................. 680,890

..........................0

.................. 10,283

..........................0

Amortization of Interest Maintenance Reserve (IMR)

.................(10,942)

..........................0

..................... (435)

..........................0

.................(10,417)

.......................(90)

..........................0

5. Separate Accounts net gain from operations excluding unrealized gains or

losses

Commissions and expense allowances on reinsurance ceded

...................25,425

..........................0

...................25,425

..........................0

Reserve adjustments on reinsurance ceded

8. Miscellaneous Income:

8.1 Income from fees associated with investment management,

administration and contract guarantees from Separate Accounts

.................. 39,904

..........................0

.................. 39,904

..........................0

8.2 Charges and fees for deposit-type contracts

..........................0

8.3 Aggregate write-ins for miscellaneous income

Totals (Lines 1 to 8.3)

1,033,743

17,120

107,417

829,100

80,106

10.

Death benefits

................. 235,002

..........................0

...................35,002

..........................0

................. 200,000

..........................0

11.

Matured endowments (excluding guaranteed annual pure endowments)

..........................0

12.

Annuity benefits

...........XXX

XXX

13.

...........Disability benefits and benefits under accident and health contracts

....................3,937

..........................0

....................2,448

..........................0

....................1,489

..........................0

14.

..........Coupons, guaranteed annual pure endowments and similar benefits

..........................0

15.

................................Surrender benefits and withdrawals for life contracts

................. 120,650

..........................0

.................. 24,451

..........................0

.................. 96,199

..........................0

16.

Group conversions

..........................0

17.

Interest and adjustments on contract or deposit-type contract funds

.......................712

..........................0

.......................100

..........................0

.......................612

..........................0

18.

Payments on supplementary contracts with life contingencies

..........................0

19.

Increase in aggregate reserves for life and accident and health contracts ...

66,561

29,312

(37,190)

80,203

(5,764)

20.

Totals (Lines 10 to 19)

................. 426,862

.................. 29,312

.......................360

..........................0

................. 306,755

..........................0

.................. 90,435

..........................0

21. Commissions on premiums, annuity considerations and deposit-type

contract funds (direct business only)

3,986

296

..........................

2,493

1,194

...........XXX

22.

Commissions and expense allowances on reinsurance assumed

..........................

23.

General insurance expenses

364,404

10,359

14,063

..........................

337,073

2,909

24.

Insurance taxes, licenses and fees, excluding federal income taxes

16,661

..........................

26,698

2,871

46,230

25.

Increase in loading on deferred and uncollected premiums

..........................0

.................(14,360)

..........................0

..........................

..........................0

.................(14,360)

26.

Net transfers to or (from) Separate Accounts net of reinsurance

..........................

.................(59,679)

..........................0

.................(59,679)

..........................0

27.

Aggregate write-insfor deductions

28.

Totals (Lines 20 to 27)

767,443

39,967

16,727

673,019

37,730

29.

Net gain from operations before dividends to policyholders, refunds to

members and federal income taxes (Line 9 minus Line 28)

................. 266,300

.................(22,847)

.................. 90,690

..........................0

..........................

................. 156,081

..........................0

.................. 42,376

..........................0

30.

Dividends to policyholders and refunds to members

31.

Net gain from operations after dividends to policyholders, refunds to

members and before federal income taxes (Line 29 minus Line 30)

................. 266,300

.................(22,847)

.................. 90,690

..........................0

..........................

................. 156,081

..........................0

.................. 42,376

..........................0

32.

Federal income taxes incurred (excluding tax on capital gains)

55,925

(4,798)

19,045

32,779

8,899

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)

210,375

(18,049)

71,645

123,302

33,477

34.

Policies/certificates in force end of year

290

132

130

DETAILS OF WRITE-INS

.08.301

.........................................................................................................

.............................

08.302.

.........................................................................................................

.............................

08.303.

.........................................................................................................

.............................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

..........................0

..........................

..........................0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

2701

.............................

2702

.............................

2703

.............................

2798.

Summary of remaining write-ins for Line 27 from overflow page

..........................0

..........................

..........................0

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

(a) Include premium amounts for preneed plans included in Line 1

(b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.

......................................................................................................................................................................................

page. (Indicate whether included with Individual or Group.)

6.2

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)

Variable Universal

Credit Life

Other Group Life

YRT Mortality

Total

Whole Life

Term Life

Universal Life

Variable Life

Life

(d)

(a)

Risk Only

Premiums for life contracts (b)

...................................

Considerations for supplementary contracts with life contingencies

...............XXX

Net investment income

...................................

Amortization of Interest Maintenance Reserve (IMR)

...................................

Separate Accounts net gain from operations excluding unrealized gains or losses

...................................

Commissions and expense allowances on reinsurance ceded

...................................

Reserve adjustments on reinsurance ceded

...................................

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract

guarantees from Separate Accounts

...................................

8.2 Charges and fees for deposit-type contracts

...................................

8.3 Aggregate write-ins for miscellaneous income

Totals (Lines 1 to 8.3)

10.

Death benefits

...................................

11.

Matured endowments (excluding guaranteed annual pure endowments)

...................................

12.

Annuity benefits

...............XXX

13.

Disability benefits and benefits under accident and health contracts

...................................

14.

Coupons, guaranteed annual pure endowments and similar benefits

...................................

15.

Surrender benefits and withdrawals for life contracts

...................................

16.

Group conversions

...................................

17.

Interest and adjustments on contract or deposit-type contract funds

...................................

18.

Payments on supplementary contracts with life contingencies

...................................

19.

Increase in aggregate reserves for life and accident and health contracts

...................................

20.

Totals (Lines 10 to 19)

...................................

21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct

business only)

...................................

...............XXX

22.

.........................................Commissions and expense allowances on reinsurance assumed

...................................

23.

General insurance expenses

...................................

24.

....................................Insurance taxes, licenses and fees, excluding federal income taxes

...................................

................................... ...................................NONE

...................................

25.

..................................................Increase in loading on deferred and uncollected premiums

...................................

26.

............................................Net transfers to or (from) Separate Accounts net of reinsurance

...................................

27.

Aggregate write-ins for deductions

28.

Totals (Lines 20 to 27)

29.

Net gain from operations before dividends to policyholders, refunds to members and federal

income taxes (Line 9 minus Line 28)

...................................

30.

Dividends to policyholders and refunds to members

31.

Net gain from operations after dividends to policyholders, refunds to members and before

federal income taxes (Line 29 minus Line 30)

...................................

32.

Federal income taxes incurred (excluding tax on capital gains)

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)

34.

Policies/certificates in force end of year

DETAILS OF WRITE-INS

.08.301

..........................................................................................................................................

...................................

.08.302

..........................................................................................................................................

...................................

.08.303

..........................................................................................................................................

...................................

.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page

...................................

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

2701

...................................

2702

...................................

2703

...................................

2798.

..........................................Summary of remaining write-ins for Line 27 from overflow page

...................................

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

(a) Includes the following amounts for FEGLI/SGLI:

Line 1

, Line 10

, Line 16

, Line 23

, Line 24

(d) Individual and Group Credit Life are combined and included on

page. (Indicate whether included with Individual or Group.)

6.3

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a)

Deferred

Life Contingent

Variable Annuities

Payout (Immediate

Total

Fixed Annuities

Indexed Annuities

with Guarantees

Without Guarantees

and Annuitizations)

Other Annuities

Premiums for individual annuity contracts

.................528,476,122

.................. 58,926,164

................................. 0

.................451,037,018

...................16,531,183

.................... 1,981,757

................................. 0

Considerations for supplementary contracts with life contingencies

................................. 0

...............XXX

................................. 0

...............XXX

Net investment income

...................39,017,126

...................20,051,107

................................. 0

...................14,900,031

....................... 938,093

.................... 3,127,895

................................. 0

Amortization of Interest Maintenance Reserve (IMR)

......................(665,230)

(330,403)

(271,054)

(16,596)

....................... (47,177)

Separate Accounts net gain from operations excluding unrealized gains or losses

...................19,729,532

................................. 0

...................19,729,532

................................. 0

Commissions and expense allowances on reinsurance ceded

.................150,718,546

................................. 0

................. 129,107,912

...................21,610,634

................................. 0

Reserve adjustments on reinsurance ceded

................................. 0

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts

...................41,013,571

................................. 0

...................40,999,413

.........................14,158

................................. 0

8.2 Charges and fees for deposit-type contracts

................................. 0

8.3 Aggregate write-ins for miscellaneous income

6,752

6,382

370

Totals (Lines 1 to 8.3)

778,296,419

78,646,868

655,509,234

39,077,842

5,062,475

10.

Death benefits

................................. 0

11.

Matured endowments (excluding guaranteed annual pure endowments)

................................. 0

12.

Annuity benefits

.................. 26,080,216

.................... 3,415,763

................................. 0

.................. 17,278,281

.................... 3,414,231

.................... 1,971,941

................................. 0

13.

Disability benefits and benefits under accident and health contracts

................................. 0

14.

Coupons, guaranteed annual pure endowments and similar benefits

................................. 0

15.

Surrender benefits and withdrawals for life contracts

.................224,787,074

24,427,604

172,528,892

27,830,578

................................. 0

16.

Group conversions

................................. 0

17.

Interest and adjustments on contract or deposit-type contract funds

......................(971,011)

....................... 134,705

................................. 0

.................. (1,108,185)

...........................1,308

...........................1,161

................................. 0

18.

Payments on supplementary contracts with life contingencies

................................. 0

19.

Increase in aggregate reserves for life and accident and health contracts

19,302,597

34,296,623

(8,947,062)

(848,142)

(5,198,822)

20.

Totals (Lines 10 to 19)

.................269,198,876

.................. 62,274,695

................................. 0

................. 179,751,926

...................30,397,975

.................. (3,225,720)

................................. 0

21.

Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)

.................144,955,209

.................... 1,488,190

................................. 0

.................136,014,512

.................... 7,452,507

................................. 0

22.

Commissions and expense allowances on reinsurance assumed

................................. 0

23.

General insurance expenses

...................27,419,590

892,004

22,437,859

3,962,361

....................... 127,366

24.

Insurance taxes, licenses and fees, excluding federal income taxes

.................... 1,077,647

44,777

874,492

151,984

...........................6,394

25.

Increase in loading on deferred and uncollected premiums

................................. 0

26.

Net transfers to or (from) Separate Accounts net of reinsurance

.................273,262,708

................................. 0

.................286,683,737

.................(13,421,029)

................................. 0

27.

Aggregate write-ins for deductions

13,675,304

28.

Totals (Lines 20 to 27)

729,589,334

64,699,666

639,437,830

28,543,798

(3,091,960)

29.

Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)

.................. 48,707,085

...................13,947,202

................................. 0

...................16,071,404

.................. 10,534,044

.................... 8,154,435

................................. 0

30.

Dividends to policyholders and refunds to members

31.

Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .

.................. 48,707,085

...................13,947,202

................................. 0

...................16,071,404

.................. 10,534,044

.................... 8,154,435

................................. 0

32.

Federal income taxes incurred (excluding tax on capital gains)

(21,245,970)

(6,083,753)

(7,010,325)

(4,594,937)

(3,556,955)

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)

69,953,055

20,030,955

23,081,729

15,128,981

11,711,390

34.

Policies/certificates in force end of year

87,317

1,963

72,182

12,425

747

DETAILS OF WRITE-INS

08.301. General account policy fees

...........................6,752

6,382

370

................................. 0

.08.302

....................................

.08.303

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

................................. 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

6,752

6,382

370

2701.

Reinsurance on in-forcebusiness

.................. 13,675,304

................................. 0

.................. 13,675,304

................................. 0

2702

2703

....................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

................................. 0

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

13,675,304

(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which which columns are affected.

............................................................................................................................................................................

Disclaimer

Jackson Financial Inc. published this content on March 04, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 04, 2025 at 21:31:52.025.