Jackson National Life Insurance Co. of New York 1Q 2022 statutory statement
QUARTERLY STATEMENT
OF THE
TO THE
OF THE
STATE OF
FOR THE QUARTER ENDED
[ X ] LIFE, ACCIDENT AND HEALTH |
[ ] FRATERNAL BENEFIT SOCIETIES |
2022
.NY
STATEMENT AS OF
ASSETS
Current Statement Date |
4 |
|||||
1 |
2 |
3 |
|
|||
Net Admitted Assets |
Prior Year Net |
|||||
Assets |
Nonadmitted Assets |
(Cols. 1 - 2) |
Admitted Assets |
|||
1. |
Bonds |
1,383,183,968 |
0 |
1,383,183,968 |
1,281,189,038 |
|
2. |
Stocks: |
|||||
2.1 Preferred stocks |
0 |
0 |
0 |
0 |
||
2.2 Common stocks |
0 |
0 |
0 |
0 |
3. Mortgage loans on real estate:
3.1 |
First liens |
0 |
0 |
0 |
0 |
3.2 |
Other than first liens |
0 |
0 |
0 |
0 |
4. Real estate:
4.1 Properties occupied by the company (less $ |
0 |
|||||||
encumbrances) |
0 |
0 |
0 |
0 |
||||
4.2 Properties held for the production of income (less |
||||||||
$ |
0 encumbrances) |
0 |
0 |
0 |
0 |
|||
4.3 Properties held for sale (less $ |
0 |
|||||||
encumbrances) |
0 |
0 |
0 |
0 |
||||
5. |
Cash ($ |
(10,361,140) ), cash equivalents |
||||||
($ |
54,604,440 |
) and short-term |
||||||
investments ($ |
0 ) |
44,243,300 |
0 |
44,243,300 |
45,918,813 |
|||
6. |
Contract loans (including $ |
0 |
premium notes) |
350,398 |
0 |
350,398 |
348,272 |
|
7. |
Derivatives |
0 |
0 |
0 |
0 |
|||
8. |
Other invested assets |
0 |
0 |
0 |
0 |
|||
9. |
Receivables for securities |
104,910 |
0 |
104,910 |
141,220 |
|||
10. |
Securities lending reinvested collateral assets |
26,500 |
0 |
26,500 |
763,250 |
|||
11. |
Aggregate write-ins for invested assets |
0 |
0 |
0 |
0 |
|||
12. |
Subtotals, cash and invested assets (Lines 1 to 11) |
1,427,909,076 |
0 |
1,427,909,076 |
1,328,360,593 |
|||
13. |
Title plants less $ |
0 charged off (for Title insurers |
||||||
only) |
0 |
0 |
0 |
0 |
||||
14. |
Investment income due and accrued |
10,090,983 |
0 |
10,090,983 |
9,076,069 |
|||
15. |
Premiums and considerations: |
|||||||
15.1 Uncollected premiums and agents' balances in the course of collection |
(300,702,939) |
16,538 |
(300,719,477) |
(335,539,186) |
||||
15.2 Deferred premiums, agents' balances and installments booked but |
||||||||
deferred and not yet due (including $ |
0 |
|||||||
earned but unbilled premiums) |
102,228 |
0 |
102,228 |
99,674 |
||||
15.3 Accrued retrospective premiums ($ |
0 ) and |
|||||||
contracts subject to redetermination ($ |
0 ) |
0 |
0 |
0 |
0 |
16. Reinsurance:
16.1 |
Amounts recoverable from reinsurers |
33,574,233 |
0 |
33,574,233 |
42,544,556 |
|
16.2 |
Funds held by or deposited with reinsured companies |
0 |
0 |
0 |
0 |
|
16.3 |
Other amounts receivable under reinsurance contracts |
159,727,308 |
0 |
159,727,308 |
270,644,919 |
|
17. |
Amounts receivable relating to uninsured plans |
0 |
0 |
0 |
0 |
|
18.1 |
Current federal and foreign income tax recoverable and interest thereon |
215,233 |
0 |
215,233 |
282,685 |
|
18.2 |
Net deferred tax asset |
0 |
0 |
0 |
0 |
|
19. |
Guaranty funds receivable or on deposit |
0 |
0 |
0 |
0 |
|
20. |
Electronic data processing equipment and software |
0 |
0 |
0 |
0 |
21. Furniture and equipment, including health care delivery assets
($ |
0 ) |
0 |
0 |
0 |
0 |
|
22. |
Net adjustment in assets and liabilities due to foreign exchange rates |
0 |
0 |
0 |
0 |
|
23. |
Receivables from parent, subsidiaries and affiliates |
2,488,488 |
0 |
2,488,488 |
1,809,540 |
|
24. |
Health care ($ |
0 ) and other amounts receivable |
0 |
0 |
0 |
0 |
25. |
Aggregate write-ins for other than invested assets |
4,500,327 |
4,500,327 |
0 |
0 |
26. Total assets excluding Separate Accounts, Segregated Accounts and
Protected Cell Accounts (Lines 12 to 25) |
1,337,904,937 |
4,516,865 |
1,333,388,072 |
1,317,278,850 |
27. From Separate Accounts, Segregated Accounts and Protected Cell
Accounts |
16,429,983,124 |
0 |
16,429,983,124 |
17,730,900,324 |
|
28. |
Total (Lines 26 and 27) |
17,767,888,061 |
4,516,865 |
17,763,371,196 |
19,048,179,174 |
DETAILS OF WRITE-INS |
|||||
1101. |
|||||
1102. |
|||||
1103. |
|||||
1198. |
Summary of remaining write-ins for Line 11 from overflow page |
0 |
0 |
0 |
0 |
1199. |
Totals (Lines 1101 through 1103 plus 1198)(Line 11 above) |
0 |
0 |
0 |
0 |
2501. |
Amounts due from agents |
238,056 |
238,056 |
0 |
0 |
2502. |
Disallowed interest maintenance reserve |
4,236,083 |
4,236,083 |
0 |
0 |
2503. |
Prepaid other expenses |
26,188 |
26,188 |
0 |
0 |
2598. |
Summary of remaining write-ins for Line 25 from overflow page |
0 |
0 |
0 |
0 |
2599. |
Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
4,500,327 |
4,500,327 |
0 |
0 |
2
STATEMENT AS OF
LIABILITIES, SURPLUS AND OTHER FUNDS
1 |
2 |
||||||
Current |
|
||||||
Statement Date |
Prior Year |
||||||
1. |
Aggregate reserve for life contracts $ |
636,257,563 less $ |
0 included in Line 6.3 |
||||
(including $ |
0 |
Modco Reserve) |
636,257,563 |
638,255,565 |
|||
2. |
Aggregate reserve for accident and health contracts (including $ |
0 |
Modco Reserve) |
0 |
0 |
||
3. |
Liability for deposit-type contracts (including $ |
0 Modco Reserve) |
9,006,022 |
9,467,638 |
4. Contract claims:
4.1 |
Life |
21,230,793 |
18,713,265 |
|
4.2 |
Accident and health |
0 |
0 |
|
5. Policyholders' dividends/refunds to members $ |
0 and coupons $ |
0 due |
||
and unpaid |
0 |
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 $ |
0 |
|||
|
0 |
0 |
|||
6.2 |
Policyholders' dividends and refunds to members not yet apportioned (including $ |
0 |
0 |
0 |
|
6.3 |
Coupons and similar benefits (including $ |
0 |
0 |
0 |
|
7. Amount provisionally held for deferred dividend policies not included in Line 6 |
0 |
0 |
8. Premiums and annuity considerations for life and accident and health contracts received in advance less
$ |
0 discount; including $ |
0 accident and health premiums |
4,861 |
8,918 |
9. Contract liabilities not included elsewhere:
9.1 |
Surrender values on canceled contracts |
0 |
0 |
||||||
9.2 |
Provision for experience rating refunds, including the liability of $ |
0 accident and health |
|||||||
experience rating refunds of which $ |
0 |
is for medical loss ratio rebate per the Public Health |
|||||||
Service Act |
0 |
0 |
|||||||
9.3 Other amounts payable on reinsurance, including $ |
0 assumed and $ |
0 |
|||||||
ceded |
0 |
0 |
|||||||
9.4 Interest Maintenance Reserve |
0 |
0 |
|||||||
10. |
Commissions to agents due or accrued-life and annuity contracts $ |
5,870,660 , accident and health |
|||||||
$ |
0 and deposit-type contract funds $ |
0 |
5,870,660 |
6,362,570 |
|||||
11. |
Commissions and expense allowances payable on reinsurance assumed |
0 |
0 |
||||||
12. |
General expenses due or accrued |
3,020,330 |
2,953,271 |
||||||
13. |
Transfers to Separate Accounts due or accrued (net) (including $ |
(36,257,771) accrued for expense |
|||||||
allowances recognized in reserves, net of reinsured allowances) |
(34,785,819) |
(36,437,770) |
|||||||
14. |
Taxes, licenses and fees due or accrued, excluding federal income taxes |
1,351,057 |
1,444,081 |
||||||
15.1 Current federal and foreign income taxes, including $ |
0 on realized capital gains (losses) |
0 |
0 |
||||||
15.2 |
Net deferred tax liability |
0 |
0 |
||||||
16. |
Unearned investment income |
0 |
0 |
||||||
17. |
Amounts withheld or retained by reporting entity as agent or trustee |
422,129 |
1,010,178 |
||||||
18. |
Amounts held for agents' account, including $ |
0 agents' credit balances |
0 |
0 |
|||||
19. |
Remittances and items not allocated |
2,286,392 |
1,676,896 |
||||||
20. |
Net adjustment in assets and liabilities due to foreign exchange rates |
0 |
0 |
||||||
21. |
Liability for benefits for employees and agents if not included above |
0 |
0 |
||||||
22. |
Borrowed money $ |
0 |
and interest thereon $ |
0 |
0 |
0 |
|||
23. |
Dividends to stockholders declared and unpaid |
0 |
0 |
24. Miscellaneous liabilities:
24.01 |
Asset valuation reserve |
10,079,738 |
9,973,523 |
||||
24.02 Reinsurance in unauthorized and certified ($ |
0 ) companies |
0 |
0 |
||||
24.03 Funds held under reinsurance treaties with unauthorized and certified ($ |
0 ) reinsurers |
0 |
0 |
||||
24.04 |
Payable to parent, subsidiaries and affiliates |
0 |
0 |
||||
24.05 |
Drafts outstanding |
0 |
0 |
||||
24.06 |
Liability for amounts held under uninsured plans |
0 |
0 |
||||
24.07 |
Funds held under coinsurance |
0 |
0 |
||||
24.08 |
Derivatives |
0 |
0 |
||||
24.09 |
Payable for securities |
3,642,687 |
0 |
||||
24.10 |
Payable for securities lending |
26,500 |
763,250 |
||||
24.11 Capital notes $ |
0 and interest thereon $ |
0 |
0 |
0 |
|||
25. |
Aggregate write-ins for liabilities |
1,604,307 |
1,220,049 |
||||
26. |
Total liabilities excluding Separate Accounts business (Lines 1 to 25) |
660,017,220 |
655,411,434 |
||||
27. |
From Separate Accounts Statement |
16,429,983,124 |
17,730,900,324 |
||||
28. |
Total liabilities (Lines 26 and 27) |
17,090,000,344 |
18,386,311,758 |
||||
29. |
Common capital stock |
2,000,000 |
2,000,000 |
||||
30. |
Preferred capital stock |
0 |
0 |
||||
31. |
Aggregate write-ins for other than special surplus funds |
0 |
0 |
||||
32. |
Surplus notes |
0 |
0 |
||||
33. |
Gross paid in and contributed surplus |
503,858,735 |
503,858,735 |
||||
34. |
Aggregate write-ins for special surplus funds |
0 |
0 |
||||
35. |
Unassigned funds (surplus) |
167,512,117 |
156,008,681 |
36. Less treasury stock, at cost:
36.1 |
0 |
shares common (value included in Line 29 |
$ |
0 |
) |
0 |
0 |
|
36.2 |
0 |
shares preferred (value included in Line 30 |
$ |
0 |
) |
0 |
0 |
|
37. |
Surplus (Total Lines 31+32+33+34+35-36) (including $ |
0 in Separate Accounts Statement) |
671,370,852 |
659,867,416 |
||||
38. |
Totals of Lines 29, 30 and 37 |
673,370,852 |
661,867,416 |
|||||
39. |
Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3) |
17,763,371,196 |
19,048,179,174 |
|||||
DETAILS OF WRITE-INS |
||||||||
2501. |
Escheat escrow liability - outstanding checks |
626,742 |
339,360 |
|||||
2502. |
Interest payable on contract claims |
977,565 |
880,689 |
|||||
2503. |
||||||||
2598. |
Summary of remaining write-ins for Line 25 from overflow page |
0 |
0 |
|||||
2599. |
Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
|||||||
1,604,307 |
1,220,049 |
|||||||
3101. |
||||||||
3102. |
||||||||
3103. |
||||||||
3198. |
Summary of remaining write-ins for Line 31 from overflow page |
0 |
0 |
|||||
3199. |
Totals (Lines 3101 through 3103 plus 3198)(Line 31 above) |
0 |
0 |
|||||
3401. |
||||||||
3402. |
||||||||
3403. |
||||||||
3498. |
Summary of remaining write-ins for Line 34 from overflow page |
0 |
0 |
|||||
3499. |
Totals (Lines 3401 through 3403 plus 3498)(Line 34 above) |
0 |
0 |
3
STATEMENT AS OF
SUMMARY OF OPERATIONS
1 |
2 |
3 |
||
Current Year |
Prior Year |
Prior Year Ended |
||
To Date |
To Date |
|
||
1. |
Premiums and annuity considerations for life and accident and health contracts |
34,155,381 |
37,306,391 |
148,746,239 |
2. |
Considerations for supplementary contracts with life contingencies |
0 |
0 |
0 |
3. |
Net investment income |
10,054,817 |
10,984,406 |
44,178,589 |
4. |
Amortization of Interest Maintenance Reserve (IMR) |
142,204 |
107,226 |
569,926 |
5. |
Separate Accounts net gain from operations excluding unrealized gains or losses |
0 |
0 |
0 |
6. |
Commissions and expense allowances on reinsurance ceded |
37,169,034 |
32,605,329 |
148,285,147 |
7. |
Reserve adjustments on reinsurance ceded |
0 |
0 |
0 |
8. Miscellaneous Income:
8.1 Income from fees associated with investment management, administration and contract |
||||||
guarantees from Separate Accounts |
9,881,995 |
9,126,388 |
39,105,505 |
|||
8.2 Charges and fees for deposit-type contracts |
0 |
0 |
0 |
|||
8.3 Aggregate write-ins for miscellaneous income |
1,733 |
2,122 |
7,857 |
|||
9. |
Totals (Lines 1 to 8.3) |
91,405,164 |
90,131,862 |
380,893,263 |
||
10. |
Death benefits |
0 |
100,000 |
125,000 |
||
11. |
Matured endowments (excluding guaranteed annual pure endowments) |
0 |
0 |
0 |
||
12. |
Annuity benefits |
9,113,402 |
9,570,584 |
36,157,323 |
||
13. |
Disability benefits and benefits under accident and health contracts |
890 |
1,794 |
6,960 |
||
14. |
Coupons, guaranteed annual pure endowments and similar benefits |
0 |
0 |
0 |
||
15. |
Surrender benefits and withdrawals for life contracts |
39,163,052 |
36,162,753 |
161,297,976 |
||
16. |
Group conversions |
0 |
0 |
0 |
||
17. |
Interest and adjustments on contract or deposit-type contract funds |
243,376 |
349,866 |
147,006 |
||
18. |
Payments on supplementary contracts with life contingencies |
0 |
0 |
0 |
||
19. |
Increase in aggregate reserves for life and accident and health contracts |
(1,998,004) |
(22,455,805) |
(36,468,987) |
||
20. |
Totals (Lines 10 to 19) |
46,522,716 |
23,729,192 |
161,265,278 |
||
21. |
Commissions on premiums, annuity considerations, and deposit-type contract funds (direct |
|||||
business only) |
35,379,388 |
37,538,179 |
147,847,194 |
|||
22. |
Commissions and expense allowances on reinsurance assumed |
0 |
0 |
0 |
||
23. |
General insurance expenses and fraternal expenses |
5,824,695 |
(2,531,405) |
16,227,636 |
||
24. |
Insurance taxes, licenses and fees, excluding federal income taxes |
447,109 |
476,122 |
1,215,635 |
||
25. |
Increase in loading on deferred and uncollected premiums |
4,385 |
24,479 |
(47,480) |
||
26. |
Net transfers to or (from) Separate Accounts net of reinsurance |
(8,532,368) |
8,042,741 |
4,330,353 |
||
27. |
Aggregate write-ins for deductions |
(334,939) |
(688,462) |
(2,753,846) |
||
28. |
Totals (Lines 20 to 27) |
79,310,986 |
66,590,846 |
328,084,770 |
||
29. |
Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus |
|||||
Line 28) |
12,094,178 |
23,541,016 |
52,808,493 |
|||
30. |
Dividends to policyholders and refunds to members |
0 |
0 |
0 |
||
31. |
Net gain from operations after dividends to policyholders, refunds to members and before federal |
|||||
income taxes (Line 29 minus Line 30) |
12,094,178 |
23,541,016 |
52,808,493 |
|||
32. |
Federal and foreign income taxes incurred (excluding tax on capital gains) |
(5,258) |
137,159 |
4,426,629 |
||
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) |
12,099,436 |
23,403,857 |
48,381,864 |
|||
34. |
Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital |
|||||
gains tax of $ |
13 (excluding taxes of $ |
72,697 |
||||
transferred to the IMR) |
(13) |
0 |
15,834 |
|||
35. |
Net income (Line 33 plus Line 34) |
12,099,423 |
23,403,857 |
48,397,698 |
||
CAPITAL AND SURPLUS ACCOUNT |
||||||
36. |
Capital and surplus, |
661,867,416 |
607,762,378 |
607,762,378 |
||
37. |
Net income (Line 35) |
12,099,423 |
23,403,857 |
48,397,698 |
||
38. |
Change in net unrealized capital gains (losses) less capital gains tax of $ |
0 |
(198,081) |
0 |
(167,792) |
|
39. |
Change in net unrealized foreign exchange capital gain (loss) |
0 |
0 |
0 |
||
40. |
Change in net deferred income tax |
0 |
0 |
0 |
||
41. |
Change in nonadmitted assets |
43,248 |
153,013 |
674,298 |
||
42. |
Change in liability for reinsurance in unauthorized and certified companies |
0 |
0 |
0 |
||
43. |
Change in reserve on account of change in valuation basis, (increase) or decrease |
0 |
0 |
0 |
||
44. |
Change in asset valuation reserve |
(106,215) |
(355,898) |
(1,207,272) |
||
45. |
Change in treasury stock |
0 |
0 |
0 |
||
46. |
Surplus (contributed to) withdrawn from Separate Accounts during period |
0 |
0 |
0 |
||
47. |
Other changes in surplus in Separate Accounts Statement |
0 |
0 |
0 |
||
48. |
Change in surplus notes |
0 |
0 |
0 |
||
49. |
Cumulative effect of changes in accounting principles |
0 |
0 |
0 |
50. Capital changes:
50.1 |
Paid in |
0 |
0 |
0 |
|
50.2 |
Transferred from surplus (Stock Dividend) |
0 |
0 |
0 |
|
50.3 |
Transferred to surplus |
0 |
0 |
0 |
|
51. |
Surplus adjustment: |
||||
51.1 |
Paid in |
0 |
0 |
9,161,952 |
|
51.2 |
Transferred to capital (Stock Dividend) |
0 |
0 |
0 |
|
51.3 |
Transferred from capital |
0 |
0 |
0 |
|
51.4 |
Change in surplus as a result of reinsurance |
(334,939) |
(688,465) |
(2,753,846) |
|
52. |
Dividends to stockholders |
0 |
0 |
0 |
|
53. |
Aggregate write-ins for gains and losses in surplus |
0 |
0 |
0 |
|
54. |
Net change in capital and surplus for the year (Lines 37 through 53) |
11,503,436 |
22,512,507 |
54,105,038 |
|
55. |
Capital and surplus, as of statement date (Lines 36 + 54) |
673,370,852 |
630,274,885 |
661,867,416 |
|
DETAILS OF WRITE-INS |
|||||
08.301. General account policy fees |
1,733 |
2,122 |
7,857 |
||
08.302. |
|||||
08.303. |
|||||
08.398. Summary of remaining write-ins for Line 8.3 from overflow page |
0 |
0 |
0 |
||
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above) |
1,733 |
2,122 |
7,857 |
||
2701. |
Reinsurance on in-force business |
(334,939) |
(688,462) |
(2,753,846) |
|
2702. |
|||||
2703. |
|||||
2798. |
Summary of remaining write-ins for Line 27 from overflow page |
0 |
0 |
0 |
|
2799. |
Totals (Lines 2701 through 2703 plus 2798)(Line 27 above) |
(334,939) |
(688,462) |
(2,753,846) |
|
5301. |
|||||
5302. |
|||||
5303. |
|||||
5398. |
Summary of remaining write-ins for Line 53 from overflow page |
0 |
0 |
0 |
|
5399. |
Totals (Lines 5301 through 5303 plus 5398)(Line 53 above) |
0 |
0 |
0 |
4
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ASSURANT, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits
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