Jackson Financial : National Life Insurance Company 2024 annual statutory statement

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

ANNUAL STATEMENT

OF THE

JACKSON NATIONAL LIFE INSURANCE COMPANY

TO THE

Insurance Department

OF THE

STATE OF

Michigan

FOR THE YEAR ENDED

DECEMBER 31, 2024

[ X ] LIFE, ACCIDENT AND HEALTH

[ ] FRATERNAL BENEFIT SOCIETIES

2024

.MI

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY

ASSETS

Current Year

Prior Year

Net Admitted Assets

Net Admitted

Assets

Nonadmitted Assets

(Cols. 1 - 2)

Assets

Bonds (Schedule D)

.......... 33,162,491,780

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

.......... 33,162,491,780

...........38,257,779,802

Stocks (Schedule D):

2.1

Preferred stocks

149,164,092

172,812,053

2.2 Common stocks

967,989,205

1,766,702

966,222,503

1,105,540,606

Mortgage loans on real estate (Schedule B):

3.1

First liens

9,329,025,722

10,278,311,557

3.2

Other than first liens

4. Real estate (Schedule A):

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

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

................210,247,014

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

................210,247,014

................213,878,327

4.2 Properties held for the production of income (less

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

0 encumbrances)

................... 7,172,124

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

................... 7,172,124

4.3 Properties held for sale (less $

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

................. 13,506,496

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

................. 13,506,496

................... 5,541,097

Cash ($

................(98,078,123) , Schedule E - Part 1), cash equivalents

2,062,815,033

, Schedule E - Part 2) and short-term

investments ($

53,347,506 , Schedule DA)

............ 2,018,084,416

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

............ 2,018,084,416

............ 2,064,327,463

Contract loans (including $

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

premium notes)

............ 4,205,914,194

...................2,224,590

............ 4,203,689,604

............ 4,241,715,886

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

................(63,384,084)

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

................(63,384,084)

................. 84,816,291

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

............ 2,528,924,689

................... 3,046,844

............ 2,525,877,845

............ 2,083,122,612

Receivables for securities

................. 29,470,766

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

................. 29,470,766

................. 48,966,740

10.

Securities lending reinvested collateral assets (Schedule DL)

................. 12,767,270

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

................. 12,767,270

................. 13,049,799

11.

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

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

12.

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

...........52,571,373,684

................... 7,038,136

.......... 52,564,335,548

...........58,577,034,357

13.

Title plants less $

0 charged off (for Title insurers

only)

14.

Investment income due and accrued

570,829,746

1,056,593

569,773,153

585,905,472

15. Premiums and considerations:

15.1

Uncollected premiums and agents' balances in the course of collection

............... 184,919,654

................... 1,917,623

................183,002,031

................160,710,608

15.2

Deferred premiums, agents' balances and installments booked but

deferred and not yet due (including $

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

earned but unbilled premiums)

39,833,690

42,373,841

15.3

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

contracts subject to redetermination ($

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

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

16. Reinsurance:

16.1 Amounts recoverable from reinsurers

217,978,558

232,890,590

16.2 Funds held by or deposited with reinsured companies

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

4,962,154,347

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

............ 4,962,154,347

................(92,901,597)

17.

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

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

18.1

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

................134,437,293

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

................134,437,293

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

18.2

Net deferred tax asset

............ 1,970,758,270

............ 1,396,832,182

................573,926,088

................606,942,316

19.

Guaranty funds receivable or on deposit

................. 38,075,653

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

................. 38,075,653

...................1,646,582

20.

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

................... 3,930,952

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

................... 3,930,952

................... 2,570,567

21.

Furniture and equipment, including health care delivery assets

0 )

................. 16,450,386

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

22.

Net adjustment in assets and liabilities due to foreign exchange rates

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

23.

Receivables from parent, subsidiaries and affiliates

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

24.

Health care ($

0 ) and other amounts receivable

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

25.

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

................483,508,854

................. 81,456,806

............... 402,052,048

............ 1,010,759,655

26.

Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

.......... 61,194,251,087

............ 1,504,751,726

.......... 59,689,499,361

.......... 61,127,932,391

27.

From Separate Accounts, Segregated Accounts and Protected Cell

Accounts

.........221,589,230,898

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

.........221,589,230,898

.........208,449,178,509

28.

Total (Lines 26 and 27)

282,783,481,985

1,504,751,726

281,278,730,259

269,577,110,900

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.

Agents' balances (net)

3,433,174

2502.

................................................................Capitalized software and associated costs

20,531,852

................. 20,531,852

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

2503.

Admitted disallowed IMR

341,903,484

................. 12,977,851

................328,925,633

................252,976,820

2598.

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

................117,640,344

................. 44,513,929

................. 73,126,415

................757,782,835

2599.

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

483,508,854

81,456,806

402,052,048

1,010,759,655

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

Current Year

Prior Year

Aggregate reserve for life contracts $

24,826,823,708 (Exh. 5, Line 9999999) less $

included in Line 6.3 (including $

0 Modco Reserve)

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

24,826,823,708

25,250,874,249

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)

............ 8,940,588,720

9,011,731,922

4. Contract claims:

4.1

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

................706,917,507

760,037,227

4.2

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

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

5. Policyholders' dividends/refunds to members $

199,415 and coupons $

0 due

and unpaid (Exhibit 4, Line 10)

...................... 199,415

181,675

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)

................... 7,544,502

................... 8,017,618

6.2

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

0 Modco) ....

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

..........................5,868

6.3

Coupons and similar benefits (including $

0 Modco)

........................ 28,138

........................ 34,124

.......................................................................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)

1,950,473

2,001,208

9. Contract liabilities not included elsewhere:

9.1

............................................................................................................................Surrender values on canceled contracts

...................... 544,590

.......................360,722

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 $

(59,309,945) assumed and $

36,825,793

ceded

................(22,484,152)

................(42,328,628)

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

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

10.

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

133,650,950

accident and health

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

0 and deposit-type contract funds $

................133,650,950

................119,287,510

11.

Commissions and expense allowances payable on reinsurance assumed

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

................... 7,747,510

................... 7,009,646

12.

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

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

............... 248,499,545

................208,003,317

13.

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

(4,250,109,217)

accrued for expense

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

.......... (2,799,935,699)

.......... (4,499,523,716)

14.

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

................... 6,016,396

...................2,506,082

15.1 Current federal and foreign income taxes, including $

0 on realized capital gains (losses)

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

...................... 720,888

15.2

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

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

16.

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

...................5,412,419

...................5,856,806

17.

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

................. 11,038,138

................. (4,495,899)

18.

Amounts held for agents' account, including $

7,528,053

agents' credit balances

................... 7,528,053

.......................665,733

19.

Remittances and items not allocated

............... 152,202,688

................. 40,834,317

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 $

......................752,144,743 and interest thereon $

287,455

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

752,432,198

307,617,779

23.

Dividends to stockholders declared and unpaid

24. Miscellaneous liabilities:

24.01

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

................655,302,064

................489,670,272

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

0 ) companies

................... 3,588,341

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

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

0 ) reinsurers

............ 3,666,056,762

............ 3,628,585,238

24.04

Payable to parent, subsidiaries and affiliates

................138,620,754

................153,040,015

24.05

Drafts outstanding

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

24.06

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

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

24.07

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

.......... 15,697,595,125

.......... 18,856,107,393

24.08

Derivatives

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

................904,690,876

24.09

Payable for securities

................. 25,322,561

................... 4,882,769

24.10

Payable for securities lending

................. 12,767,270

................. 13,049,799

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

0 and interest thereon $

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

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

25.

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

2,099,510,416

1,245,885,934

26.

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

55,285,468,392

56,475,310,744

27.

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

.........221,589,230,898

.........208,449,178,509

28.

Total liabilities (Lines 26 and 27)

276,874,699,290

264,924,489,253

29.

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

................. 13,800,000

30.

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

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

31.

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

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

32.

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

................249,870,979

................249,817,050

33.

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

............ 2,711,221,039

............ 4,631,054,966

34.

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

328,925,633

252,976,820

35.

Unassigned funds (surplus)

1,100,213,318

(495,027,189)

36. Less treasury stock, at cost:

36.1

0 shares common (value included in Line 29

)

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

36.2

0 shares preferred (value included in Line 30

)

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

37.

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

(2,189,992)

in Separate Accounts Statement)

4,390,230,969

4,638,821,647

38.

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

4,404,030,969

4,652,621,647

39.

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

281,278,730,259

269,577,110,900

DETAILS OF WRITE-INS

2501.

Deferred compensation

313,702,338

................308,505,241

2502.

Deferred rent

3,696,711

................... 5,217,431

2503.

Founders Plan liability

62,000

........................ 73,356

2598.

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

............ 1,782,049,367

................932,089,906

2599.

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

2,099,510,416

1,245,885,934

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

328,925,633

................252,976,820

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)

328,925,633

252,976,820

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

Current Year

Prior Year

Premiums and annuity considerations for life and accident and health contracts

.......... 17,595,753,800

.......... 13,227,578,114

Considerations for supplementary contracts with life contingencies

.......................927,394

................... 1,443,096

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

2,985,426,125

2,854,546,582

Amortization of Interest Maintenance Reserve (IMR, Line 5)

(9,868,860)

(732,212,449)

Separate Accounts net gain from operations excluding unrealized gains or losses

212,425,954

210,501,922

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

1,332,091,024

54,250,064

Reserve adjustments on reinsurance ceded

8. Miscellaneous Income:

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

Accounts

2,708,867,953

5,381,405,978

8.2 Charges and fees for deposit-type contracts

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

8.3 Aggregate write-ins for miscellaneous income

733,282,340

696,024,124

Total (Lines 1 to 8.3)

25,558,905,730

21,693,537,431

10.

Death benefits

................888,172,646

................959,746,507

11.

Matured endowments (excluding guaranteed annual pure endowments)

...................6,699,515

................... 7,461,284

12.

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

............ 3,600,806,416

............ 3,368,373,749

13.

Disability benefits and benefits under accident and health contracts

................. 12,710,259

................. 12,986,326

14.

Coupons, guaranteed annual pure endowments and similar benefits

........................ 52,756

........................ 60,543

15.

Surrender benefits and withdrawals for life contracts

.......... 29,349,405,299

.......... 19,641,071,563

16.

Group conversions

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

17.

Interest and adjustments on contract or deposit-type contract funds

................345,939,032

................329,305,130

18.

Payments on supplementary contracts with life contingencies

................. 15,212,435

................. 15,416,294

19.

Increase in aggregate reserves for life and accident and health contracts

(424,050,529)

(2,528,619,250)

20.

Totals (Lines 10 to 19)

33,794,947,829

.......... 21,805,802,146

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

2, Line 31, Col. 1)

1,887,401,667

1,608,629,730

22.

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

183,110,060

144,233,819

23.

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

839,669,158

767,893,774

24.

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

47,496,942

................. 40,013,910

25.

Increase in loading on deferred and uncollected premiums

................. (1,624,402)

.....................(336,269)

26.

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

.........(13,804,549,046)

.......... (6,514,053,536)

27.

Aggregate write-ins for deductions

1,145,885,517

1,049,725,454

28.

Totals (Lines 20 to 27)

24,093,625,858

18,900,620,895

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

2,792,916,536

30.

Dividends to policyholders and refunds to members

7,393,269

8,386,105

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

2,784,530,431

32.

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

96,184,516

966,356,102

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

1,818,174,329

34.

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

(250,731,622) (excluding taxes of $

......................................(16,417,703) transferred to the IMR)

(1,084,069,466)

(1,939,868,362)

35.

Net income (Line 33 plus Line 34)

277,632,621

..............(121,694,033)

CAPITAL AND SURPLUS ACCOUNT

36.

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

4,652,621,647

5,987,417,659

37.

Net income (Line 35)

277,632,621

..............(121,694,033)

38.

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

(336,513,796)

.......... (1,162,561,747)

..............(652,824,962)

39.

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

................. (3,040,894)

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

40.

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

..............(189,128,199)

................398,027,531

41.

Change in nonadmitted assets

................442,169,777

..............(768,984,879)

42.

Change in liability for reinsurance in unauthorized and certified companies

................. (3,588,341)

................. 33,126,114

43.

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

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

44.

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

..............(165,631,793)

................497,303,304

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

............... 212,425,954

............... 210,501,922

47.

Other changes in surplus in Separate Accounts Statement

..............(212,425,954)

..............(210,501,922)

48.

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

........................ 53,928

........................ 48,180

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

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

...........(1,919,833,927)

..............(150,000,000)

51.2 Transferred to capital (Stock Dividend)

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

51.3 Transferred from capital

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

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

................898,690,130

..............(119,797,266)

52.

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

..............(830,000,000)

..............(450,000,000)

53.

Aggregate write-ins for gains and losses in surplus

2,406,647,767

54.

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

(248,590,678)

(1,334,796,011)

55.

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

4,404,030,969

4,652,621,647

DETAILS OF WRITE-INS

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

67,595,782

................. 83,720,714

08.302. Marketing fees

671,632,288

................607,866,268

08.303. Miscellaneous income

(10,661,669)

................... 7,333,964

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

................... 4,715,939

................. (2,896,822)

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

733,282,340

696,024,124

2701.

Additional contract benefits to Founders Plan policyholders

59,095

........................ 73,406

2702.

......................................................................................................................................................Interest on funds withheld treaties

989,253,550

............ 1,169,449,314

2703.

Reclassification of ceding commission to surplus

1,214,819,693

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

2798.

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

.......... (1,058,246,821)

..............(119,797,266)

2799.

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

1,145,885,517

1,049,725,454

5301.

Change in unrealized on derivatives receivable from Brooke Re less capital gains tax of $639,741,812

2,406,647,767

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

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)

2,406,647,767

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY

CASH FLOW

Cash from Operations

Current Year

Prior Year

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

.......... 17,621,056,339

...........13,259,779,354

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

............ 2,176,416,758

............ 2,489,559,303

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

7,057,589,236

6,127,179,131

Total (Lines 1 through 3)

26,855,062,333

21,876,517,788

Benefit and loss related payments

...........34,137,141,358

.......... 24,164,286,659

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

.........(15,658,543,356)

.......... (6,861,122,661)

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

............ 3,385,237,938

............ 2,951,813,188

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

................... 7,854,513

................... 8,527,033

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

0 tax on capital gains (losses)

(20,810,644)

(22,119,793)

10.

Total (Lines 5 through 9)

21,850,879,809

20,241,384,426

11.

Net cash from operations (Line 4 minus Line 10)

5,004,182,524

1,635,133,362

Cash from Investments

12.

Proceeds from investments sold, matured or repaid:

12.1

Bonds

............ 7,019,696,717

............ 7,790,461,978

12.2

Stocks

................327,270,251

................239,490,638

12.3

Mortgage loans

............ 1,789,952,181

............ 2,077,633,262

12.4

Real estate

................... 3,227,145

................... 4,418,748

12.5

Other invested assets

................207,167,426

............... 928,952,468

12.6

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

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

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

12.7

Miscellaneous proceeds

(4,863,574,651)

(2,484,913,742)

12.8 Total investment proceeds (Lines 12.1 to 12.7)

............ 4,483,739,069

............ 8,556,043,352

13.

Cost of investments acquired (long-term only):

13.1

Bonds

............ 2,906,947,029

............ 2,828,856,359

13.2

Stocks

................. 61,087,123

................195,330,932

13.3

Mortgage loans

................876,890,992

................837,866,956

13.4

Real estate

................... 3,926,039

................... 2,263,257

13.5

Other invested assets

................530,236,007

................450,378,654

13.6

Miscellaneous applications

461,519,551

1,902,317,323

13.7

Total investments acquired (Lines 13.1 to 13.6)

4,840,606,741

6,217,013,481

14.

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

(37,679,181)

18,277,683

15.

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

(319,188,491)

2,320,752,188

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

.......... (1,720,900,000)

..............(150,000,000)

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

................444,960,527

................244,960,527

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

..............(421,246,779)

.......... (1,143,229,189)

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

................830,000,000

............... 450,000,000

16.6 Other cash provided (applied)

(2,204,050,828)

(4,551,648,068)

17.

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

(4,731,237,080)

(6,049,916,730)

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)

(46,243,047)

(2,094,031,180)

19.

Cash, cash equivalents and short-term investments:

...............................................................................................................................................................19.1 Beginning of year

............ 2,064,327,463

............ 4,158,358,643

19.2 End of year (Line 18 plus Line 19.1)

2,018,084,416

2,064,327,463

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

20.0001. Debt and equity securities acquired from exchange transactions

................. 34,639,214

............... 446,816,656

.....................................................................................20.0002. Debt and equity securities disposed from exchange transactions

................. 27,915,719

................437,005,574

..............................................................................................................20.0003. Non-cashfinancial assets transferred to parent

................198,933,927

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

20.0004. Non-cashfinancial assets transferred to subsidiary

................. 10,844,985

8,155,867

20.0005. Non-cashfinancial assets transferred to separate account

................335,962,429

............... 222,115,855

.........................................................................................................20.0006. Non-cashfinancial assets transferred to affiliate

............... 419,002,962

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

..........................................................................................20.0007. Non-cashfinancial assets transferred from separate account

................251,748,528

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

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY

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

............17,595,753,800

.................344,785,245

.................... 1,782,491

............ 16,894,301,754

.................354,884,310

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

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

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

Considerations for supplementary contracts with life contingencies

....................... 927,394

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

....................... 927,394

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

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

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

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

Net investment income

..............2,985,426,125

.................652,280,358

.................... 1,032,395

..............1,426,677,754

.................891,052,521

.................. 14,383,097

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

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

Amortization of Interest Maintenance Reserve (IMR)

.................. (9,868,860)

.................. (2,928,870)

......................... (9,409)

(4,600,301)

(2,330,280)

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

Separate Accounts net gain from operations excluding unrealized gains or losses

.................212,425,954

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

.................212,425,954

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

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

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

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

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

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

............. 2,708,867,953

....................... 549,105

.................... 2,250,104

2,735,509,757

(29,441,013)

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

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

8.2 Charges and fees for deposit-type contracts

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

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

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

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

8.3 Aggregate write-ins for miscellaneous income

733,282,340

(5,949,793)

546,784,084

192,447,987

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

10.

Death benefits

.................888,172,646

.................882,208,462

.................... 5,964,184

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

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

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

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

11.

Matured endowments (excluding guaranteed annual pure endowments)

.................... 6,699,515

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

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

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

12.

Annuity benefits

..............3,600,806,416

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

..............2,948,946,194

.................651,860,222

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

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

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

13.

Disability benefits and benefits under accident and health contracts

...................12,710,259

...................12,698,539

......................... 11,720

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

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

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

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

14.

Coupons, guaranteed annual pure endowments and similar benefits

.........................52,756

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

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

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

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

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

16.

Group conversions

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

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

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

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

18.

Payments on supplementary contracts with life contingencies

...................15,212,435

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

...................15,212,435

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

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

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

................................. 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)

XXX

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

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

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

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

23.

General insurance expenses and fraternal expenses

.................839,669,158

................. 147,095,190

....................... 472,785

498,417,910

193,683,273

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

24.

Insurance taxes, licenses and fees, excluding federal income taxes

...................47,496,942

.................... 9,586,399

.........................31,448

27,358,338

10,520,757

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

25.

Increase in loading on deferred and uncollected premiums

......................(336,269)

......................(336,065)

............................ (204)

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

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

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

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

27.

Aggregate write-ins for deductions

1,145,885,517

294,989,286

(974,937)

845,616,609

(8,128,538)

14,383,097

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

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

30.

Dividends to policyholders and refunds to members

7,393,269

XXX

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

32.

Federal income taxes incurred (excluding tax on capital gains)

96,184,516

(58,877,924)

20,124

114,931,465

40,110,851

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

34.

Policies/certificates in force end of year

2,261,740

877,269

14,532

1,207,088

162,851

XXX

DETAILS OF WRITE-INS

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

.................. 67,595,782

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

...................60,193,531

.................... 7,402,251

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

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

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

.......................................................................................................08.302. Marketing fees

.................671,632,288

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

.................486,586,552

.................185,045,735

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

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

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

08.303. Miscellaneous income

.................(10,661,669)

.................(10,665,344)

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

3,674

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

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

.................... 4,715,939

.................... 4,715,551

............................... 62

..............................326

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

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

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

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

733,282,340

(5,949,793)

546,784,084

192,447,987

2701.

Additional contract benefits to Founders Plan policyholders

......................... 59,095

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

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

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

2702.

Interest on funds withheld treaties

.................989,253,550

.................330,904,265

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

643,966,188

14,383,097

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

2703.

Reclassification of ceding commission to surplus

..............1,214,819,693

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

1,214,819,693

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

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)

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

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

6.1

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY

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)

........... 344,785,245

139,662

............ 46,511,947

........... 102,822,518

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

...........144,949,935

............ 47,853,211

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

.............. 2,507,972

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

Considerations for supplementary contracts with life contingencies

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

XXX

Net investment income

........... 652,280,358

.............10,085,227

........... 199,590,928

.............29,578,398

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

........... 323,561,834

.............88,845,495

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

.................618,476

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

Amortization of Interest Maintenance Reserve (IMR)

.............(2,928,870)

.................(48,663)

................(803,886)

.................(43,651)

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

............ (1,529,136)

............... (499,142)

.................. (4,392)

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

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

losses

Commissions and expense allowances on reinsurance ceded

.............14,632,456

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

..............1,549,735

.............. 8,645,079

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

..............4,437,642

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

8.2 Charges and fees for deposit-type contracts ......................................

8.3 Aggregate write-ins for miscellaneous income ....................................

9. Totals (Lines 1 to 8.3) ..........................................................................

10. Death benefits ....................................................................................

11. Matured endowments (excluding guaranteed annual pure endowments) .....

12. Annuity benefits ..................................................................................

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)

3,039,530

271,932

436,996

2,059,669

162,312

108,621

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

22.

Commissions and expense allowances on reinsurance assumed

5,990,997

2,190,577

(1,976,413)

5,776,833

23.

General insurance expenses

147,095,190

5,559,405

36,000,143

22,159,795

55,733,060

27,250,943

391,844

24.

Insurance taxes, licenses and fees, excluding federal income taxes

9,586,399

.................331,804

..............1,478,667

.............. 2,649,155

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

..............2,309,433

..............2,753,637

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

.................. 63,703

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

25.

Increase in loading on deferred and uncollected premiums

................(336,065)

..................... (311)

............... (373,552)

.................. 44,338

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

.................. (6,540)

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

26.

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

.............(2,816,670)

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

.............(2,816,670)

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

27.

Aggregate write-insfor deductions

294,989,286

5,299,730

87,618,301

(19,298,123)

166,531,686

54,359,417

478,275

28.

Totals (Lines 20 to 27)

1,276,346,290

11,673,868

282,585,892

112,018,517

702,656,188

163,940,427

3,471,398

29.

Net gain from operations before dividends to policyholders, refunds to

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

......... (272,977,789)

(1,497,642)

........... (32,985,535)

.............15,695,702

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

......... (223,109,317)

...........(33,211,817)

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

.............. 2,130,820

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

30.

Dividends to policyholders and refunds to members

7,393,269

31.

Net gain from operations after dividends to policyholders, refunds to

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

..........(280,371,058)

(1,497,642)

........... (40,378,804)

.............15,695,702

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

......... (223,109,317)

...........(33,211,817)

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

.............. 2,130,820

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

32.

Federal income taxes incurred (excluding tax on capital gains)

(58,877,924)

(314,506)

(8,479,549)

3,296,097

(46,852,956)

(6,974,482)

447,472

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)

(221,493,134)

(1,183,136)

(31,899,255)

12,399,605

(176,256,361)

(26,237,335)

1,683,348

34.

Policies/certificates in force end of year

877,269

157,980

329,925

143,137

168,992

75,673

1,562

DETAILS OF WRITE-INS

08.301.

Miscellaneous income

........... (10,665,344)

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

.............. 2,706,816

...........(13,372,160)

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

08.302.

Reinsurance experience and other funds

..............4,715,551

.................. 37,525

.................. 84,035

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

..............4,555,414

.................. 38,507

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

........................ 70

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

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)

(5,949,793)

2,744,341

(13,288,125)

4,555,414

38,507

2701.

Additional contract benefits to founders plan policyholders

.................. 59,095

.................. 70,451

.................(11,356)

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

2702.

Interest on funds withheld treaties

........... 330,904,265

..............5,299,730

.............87,547,850

.............16,687,307

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

........... 166,531,686

............ 54,359,417

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

.................478,275

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

2703.

Amortization of gain on reinsured business to income

...........(35,974,074)

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

...........(35,974,074)

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

2798.

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

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

2799.

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

294,989,286

5,299,730

87,618,301

(19,298,123)

166,531,686

54,359,417

478,275

(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 COMPANY

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)

...................1,782,491

....................... 86,251

1,366,045

......................177,574

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

152,621

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

Considerations for supplementary contracts with life contingencies

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

Net investment income

...................1,032,395

......................121,368

....................... 70,906

......................821,597

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

....................... 18,524

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

Amortization of Interest Maintenance Reserve (IMR)

....................... (9,409)

....................... (1,106)

...........................(646)

....................... (7,488)

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

...........................(169)

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

Separate Accounts net gain from operations excluding unrealized gains or losses

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

Commissions and expense allowances on reinsurance ceded

....................... 93,954

............................ 271

....................... 93,683

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

...................2,250,104

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

...................1,930,988

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

......................319,116

............................... 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)

5,149,597

206,784

1,529,988

2,922,733

490,092

10.

Death benefits

...................5,964,184

....................... 22,236

.................. 5,230,788

......................587,219

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

123,941

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

11.

Matured endowments (excluding guaranteed annual pure endowments)

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

12.

Annuity benefits

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

13.

Disability benefits and benefits under accident and health contracts

....................... 11,720

....................... 23,370

......................(12,250)

............................ 600

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

14.

Coupons, guaranteed annual pure endowments and similar benefits

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

15.

Surrender benefits and withdrawals for life contracts

....................... 53,786

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

....................... 43,309

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

....................... 10,477

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

16.

Group conversions

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

17.

Interest and adjustments on contract or deposit-type contract funds

.........................8,896

8,896

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

18.

Payments on supplementary contracts with life contingencies

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

19.

Increase in aggregate reserves for life and accident and health contracts

.................... (343,730)

.................... (250,671)

91,118

.................... (303,622)

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

119,445

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

20.

Totals (Lines 10 to 19)

.................. 5,694,856

.................... (205,065)

5,309,656

......................336,402

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

253,863

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

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

business only)

10,582

420

3,712

6,450

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

22.

Commissions and expense allowances on reinsurance assumed

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

23.

General insurance expenses

......................472,785

....................... 55,580

....................... 32,471

......................376,251

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

.........................8,483

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

24.

Insurance taxes, licenses and fees, excluding federal income taxes

....................... 31,448

......................... 3,697

......................... 2,160

....................... 25,027

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

............................ 564

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

25.

Increase in loading on deferred and uncollected premiums

...........................(204)

............................ (44)

...........................(160)

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

26.

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

.................... (180,765)

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

.................... (180,765)

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

27.

Aggregate write-ins for deductions

(974,937)

28.

Totals (Lines 20 to 27)

5,053,765

(145,412)

4,369,190

741,392

88,595

29.

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

income taxes (Line 9 minus Line 28)

....................... 95,832

......................352,196

(2,839,202)

...................2,181,341

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

401,497

............................... 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)

....................... 95,832

......................352,196

(2,839,202)

...................2,181,341

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

401,497

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

32.

Federal income taxes incurred (excluding tax on capital gains)

20,124

73,961

(596,233)

458,082

84,314

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)

75,708

278,235

(2,242,969)

1,723,259

317,183

34.

Policies/certificates in force end of year

14,532

3,016

10,988

451

DETAILS OF WRITE-INS

08.301. Reinsurance experience and other refunds

..............................62

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

..............................62

............................... 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)

2701.

Amortization of gain on reinsured business to income

.................... (974,937)

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

(974,937)

............................... 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)

(974,937)

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

Line 1

0 , Line 10

0 , Line 16

0 , Line 23

0 , Line 24

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

(c) 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.

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

(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 COMPANY

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

............ 16,894,301,754

..............1,293,944,531

.................193,147,148

............13,377,859,883

..............1,966,295,258

.................. 63,054,934

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

Considerations for supplementary contracts with life contingencies

....................... 927,394

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

....................... 927,394

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

Net investment income

..............1,426,677,754

.................413,542,062

.................355,298,011

.................488,077,179

.................. 69,462,428

.................100,298,074

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

Amortization of Interest Maintenance Reserve (IMR)

.................. (4,600,301)

(921,218)

(327,069)

(2,671,987)

(201,588)

......................(478,439)

Separate Accounts net gain from operations excluding unrealized gains or losses

.................212,425,954

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

.................212,425,954

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

Commissions and expense allowances on reinsurance ceded

..............1,305,918,738

.................. 58,589,452

.................. 15,840,641

..............1,231,893,628

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

......................(404,983)

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

..............2,735,509,757

....................... 459,646

.................... 1,165,943

..............2,727,171,519

.................... 6,712,649

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

8.2 Charges and fees for deposit-type contracts

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

8.3 Aggregate write-ins for miscellaneous income

546,784,083

326

512,197,499

34,586,258

Totals (Lines 1 to 8.3)

23,117,945,133

1,765,614,799

565,124,674

18,546,953,675

2,076,855,005

163,396,980

10.

Death benefits

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

11.

Matured endowments (excluding guaranteed annual pure endowments)

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

12.

Annuity benefits

..............2,948,946,194

.................. 91,075,874

...................17,940,943

..............2,408,059,819

.................319,515,883

.................112,353,675

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

............25,865,463,428

202,298,019

105,880,588

22,976,100,804

2,577,190,668

.................... 3,993,349

16.

Group conversions

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

17.

Interest and adjustments on contract or deposit-type contract funds

.................... 2,066,577

......................(978,636)

.................. (1,448,500)

.................... 7,114,553

....................... 997,305

.................. (3,618,145)

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

18.

Payments on supplementary contracts with life contingencies

...................15,212,435

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

...................15,212,435

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

19.

Increase in aggregate reserves for life and accident and health contracts

231,899,851

1,173,026,637

150,653,907

(991,224,317)

(44,880,271)

(55,676,105)

20.

Totals (Lines 10 to 19)

............29,063,588,485

..............1,465,421,894

.................273,026,938

............24,400,050,859

............. 2,852,823,585

.................. 72,265,209

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

21.

Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)

..............1,771,986,228

.................. 34,003,753

.................. 14,982,274

..............1,415,809,489

.................305,707,249

.................... 1,483,463

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

22.

Commissions and expense allowances on reinsurance assumed

.................150,785,126

.........................66,579

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

................. 129,107,913

...................21,610,634

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

23.

General insurance expenses

.................498,417,910

38,112,025

25,193,195

403,637,091

45,379,620

.................(13,904,021)

24.

Insurance taxes, licenses and fees, excluding federal income taxes

.................. 27,358,338

4,131,000

1,739,498

26,632,422

3,671,850

.................. (8,816,432)

25.

Increase in loading on deferred and uncollected premiums

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

26.

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

.......... (10,786,965,333)

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

............ (9,912,800,039)

............... (874,165,294)

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

27.

Aggregate write-ins for deductions

845,616,609

296,504,969

281,187,148

259,503,137

8,421,355

28.

Totals (Lines 20 to 27)

21,570,787,363

1,838,240,220

596,129,053

16,721,940,872

2,355,027,644

59,449,574

29.

Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)

..............1,547,157,770

.................(72,625,421)

.................(31,004,379)

..............1,825,012,803

............... (278,172,639)

.................103,947,406

................................. 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) .

..............1,547,157,770

.................(72,625,421)

.................(31,004,379)

..............1,825,012,803

............... (278,172,639)

.................103,947,406

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

32.

Federal income taxes incurred (excluding tax on capital gains)

114,931,465

(5,395,019)

(2,303,177)

135,572,078

(20,664,207)

7,721,790

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)

1,432,226,305

(67,230,402)

(28,701,202)

1,689,440,725

(257,508,432)

96,225,616

34.

Policies/certificates in force end of year

1,207,088

144,673

77,247

835,510

114,481

35,177

DETAILS OF WRITE-INS

08.301. General account policy fees

...................60,193,531

59,742,536

450,995

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

08.302. Marketing fees

.................486,586,552

452,451,289

34,135,263

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

08.303. Miscellaneous income

...........................3,674

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

...........................3,674

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

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

..............................326

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

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

546,784,083

326

512,197,499

34,586,258

2701.

Interest on funds withheld treaties

.................643,966,188

.................297,947,975

.................333,687,382

.................... 3,909,476

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

.................... 8,421,355

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

2702.

Reclassification of ceding commission to surplus

..............1,214,819,693

...................43,919,693

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

..............1,170,900,000

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

2703.

Amortization of gain on reinsured business to income

............... (271,052,022)

.................(45,362,699)

.................(52,500,234)

............... (173,189,089)

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

2798.

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

............... (742,117,250)

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

............... (742,117,250)

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

2799.

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

845,616,609

296,504,969

281,187,148

259,503,137

8,421,355

(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 21:31:53.963.