Jackson National Life Insurance Company 1Q 2025 Statutory Statement
QUARTERLY STATEMENT
OF THE
JACKSON
TO THE
Insurance Department OF THE
STATE OF
FORTHEQUARTERENDEDMARCH31,2025
[ X ] LIFE, ACCIDENT AND HEALTH [ ] FRATERNAL BENEFIT SOCIETIES
2025
.MI
LIFE, ACCIDENT AND HEALTH COMPANIES/FRATERNAL BENEFIT SOCIETIES - ASSOCIATION EDITION
QUARTERLY STATEMENT
AS OF
OF THE CONDITION AND AFFAIRS
Jackson National LifeInsurance Company
NAIC Group Code 09180918 NAIC Company Code 65056 Employer's ID Number 38-1659835 (Current) (Prior)
Organized under the Laws of
MI
Country of Domicile
Licensed as business type: Life, Accident and Health [X] Fraternal Benefit Societies [ ]
Incorporated/Organized
Main Administrative Office
(Street and Number)
(City or Town, State, Country and
Mail Address
Primary Location of Books and Records
(City or Town, State, Country and
Internet Website Address https://www.jackson.com
Statutory Statement Contact
517-381-5500
(Area Code) (Telephone Number)
[email protected] (E-mail Address)
517-706-5522
(FAX Number)
OFFICERS
President
General Counsel
Chief Financial Officer
Chief Actuary
OTHER
DIRECTORS OR TRUSTEES
Laura Louene Priesko(Chair)
Marina Costa Ashiotou, VP Robert lrl Boles, VP
State of County of
Inqham
The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, thesqo@e of this attestation by the described officers also includes the related corresponding electronic filin with the NAIC, when required, that is an exact copy (except for formatting differences due (o electronic filing) of the enclosed statement. The electronic filing may be requested various regulators in lieu of or in addition to thy enclosed statement.
g•\\ .•'^**'›/L'"
Laura PrieskoPresident
-
Is this an original filing?
7th
, 2025
Jody Bond No ary Pub31-March-2030 JODY BOND NOTARY PUBLIC-STATE OF MICMGAN
COUNTYOF
INGHAM MyCommission Expire, mh31,2030
Acting 1n the Countyof
-
If no,
-
State the amendment number........
-
Date filed
-
Number of pages attached............
-
Crai . Anderson Controller
Yes [ X ] No [
ASSETS
|
Current Statement Date |
4 |
|||
|
1 Assets |
2 Nonadmitted Assets |
3 Net Admitted Assets (Cols. 1 - 2) |
||
|
. 32,770,029,564 |
. 0 |
. 32,770,029,564 |
. 33,162,491,780 |
|
. 144,100,960 |
. 0 |
. 144,100,960 |
. 149,164,092 |
|
|
. 879,292,953 |
. 1,681,122 |
. 877,611,831 |
. 966,222,503 |
|
|
. 9,360,100,474 |
. 0 |
. 9,360,100,474 |
. 9,329,025,722 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 208,521,377 |
. 0 |
. 208,521,377 |
. 210,247,014 |
|
|
. 7,172,124 |
. 0 |
. 7,172,124 |
. 7,172,124 |
|
|
. 15,387,271 |
. 0 |
. 15,387,271 |
. 13,506,496 |
|
|
. 2,274,290,634 |
. 0 |
. 2,274,290,634 |
. 2,018,084,416 |
|
|
. 4,219,527,863 |
. 2,262,996 |
. 4,217,264,867 |
. 4,203,689,604 |
|
|
. 330,100,651 |
. 0 |
. 330,100,651 |
. (63,384,084) |
|
|
. 2,545,296,671 |
. 3,047,056 |
. 2,542,249,615 |
. 2,525,877,845 |
|
|
. 15,484,271 |
. 0 |
. 15,484,271 |
. 29,470,766 |
|
|
. 54,845,429 |
. 0 |
. 54,845,429 |
. 12,767,270 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 52,824,150,242 |
. 6,991,174 |
. 52,817,159,068 |
. 52,564,335,548 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 554,797,901 |
. 993,896 |
. 553,804,005 |
. 569,773,153 |
|
|
. 313,145,830 |
. 1,852,695 |
. 311,293,135 |
. 183,002,031 |
|
|
. 37,835,584 |
. 0 |
. 37,835,584 |
. 39,833,690 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 218,889,989 |
. 0 |
. 218,889,989 |
. 217,978,558 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 2,855,389,046 |
. 0 |
. 2,855,389,046 |
. 4,962,154,347 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 177,023,641 |
. 0 |
. 177,023,641 |
. 134,437,293 |
|
|
. 1,888,471,752 |
. 1,297,354,841 |
. 591,116,911 |
. 573,926,088 |
|
|
. 39,510,323 |
. 0 |
. 39,510,323 |
. 38,075,653 |
|
|
. 6,694,167 |
. 0 |
. 6,694,167 |
. 3,930,952 |
|
|
. 15,851,736 |
. 15,851,736 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 0 |
. 0 |
. 0 |
. 0 |
|
|
. 538,152,385 |
. 76,027,445 |
. 462,124,940 |
. 402,052,048 |
|
|
. 59,469,912,596 |
. 1,399,071,787 |
. 58,070,840,809 |
. 59,689,499,361 |
|
|
. 212,388,133,742 |
. 0 |
. 212,388,133,742 |
. 221,589,230,898 |
|
|
271,858,046,338 |
1,399,071,787 |
270,458,974,551 |
281,278,730,259 |
|
|
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. Agents' balances (net) ............................................................................... |
. 4,399,661 |
. 4,399,661 |
. 0 |
. 0 |
|
2502. Capitalized software and associated costs ............................................... |
. 20,974,630 |
. 20,974,630 |
. 0 |
. 0 |
|
2503. Admitted disallowed IMR .............................................................................. |
. 337,152,594 |
. 0 |
. 337,152,594 |
. 328,925,633 |
|
2598. Summary of remaining write-ins for Line 25 from overflow page ................... |
. 175,625,500 |
. 50,653,154 |
. 124,972,346 |
. 73,126,415 |
|
2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
538,152,385 |
76,027,445 |
462,124,940 |
402,052,048 |
LIABILITIES, SURPLUS AND OTHER FUNDS
24.10 Payable for securities lending ......................................................................................................................................... 24.11 Capital notes $ .................................0 and interest thereon $ .................................0 ...........................................
|
1 Current Statement Date |
2 |
|
|
. 24,653,074,610 . 0 . 9,812,370,950 |
. 24,826,823,708 . 0 . 8,940,588,720 |
||
|
. 712,103,684 . 0 |
. 706,917,507 . 0 |
||
|
. 142,692 |
. 199,415 |
||
|
. 7,540,883 . 0 . 28,138 . 0 |
. 7,544,502 . 0 . 28,138 . 0 |
||
|
. 2,292,470 |
. 1,950,473 |
||
|
. 1,370,740 |
. 544,590 |
||
|
. 0 |
. 0 |
||
|
. 135,378,419 . 0 |
. (22,484,152) . 0 |
||
|
. 125,518,741 . 7,570,876 . 135,616,252 |
. 133,650,950 . 7,747,510 . 248,499,545 |
||
|
. (3,727,234,003) . 2,859,846 . 0 . 0 . 5,196,788 . 7,866,966 . 7,400,383 . 157,334,834 . 0 . 0 . 47,995,400 . 0 |
. (2,799,935,699) . 6,016,396 . 0 . 0 . 5,412,419 . 11,038,138 . 7,528,053 . 152,202,688 . 0 . 0 . 752,432,198 . 0 |
||
|
. 683,938,120 . 3,696,614 . 3,671,358,138 . 112,578,233 . 0 . 0 . 15,104,486,301 . 0 . 65,748,828 . 54,845,429 . 0 1,741,169,982 |
. 655,302,064 . 3,588,341 . 3,666,056,762 . 138,620,754 . 0 . 0 . 15,697,595,125 . 0 . 25,322,561 . 12,767,270 . 0 2,099,510,416 |
||
|
53,532,250,314 |
55,285,468,392 |
||
|
. 212,388,133,742 265,920,384,056 |
. 221,589,230,898 276,874,699,290 |
||
|
. 13,800,000 . 0 . 0 . 249,884,900 . 2,711,221,039 . 337,152,594 . 1,226,531,962 |
. 13,800,000 . 0 . 0 . 249,870,979 . 2,711,221,039 . 328,925,633 . 1,100,213,318 |
||
|
. 0 . 0 4,524,790,495 |
. 0 . 0 4,390,230,969 |
||
|
4,538,590,495 |
4,404,030,969 |
||
|
270,458,974,551 |
281,278,730,259 |
||
|
DETAILS OF WRITE-INS |
|||
|
2501. |
Deferred compensation ............................................................................................................................................................. |
. 296,179,085 |
. 313,702,338 |
|
2502. |
Deferred rent ........................................................................................................................................................................... |
. 3,329,862 |
. 3,696,711 |
|
2503. |
Founders Plan liability .......................................................................................................................................................... |
. 15,125 |
. 62,000 |
|
2598. |
Summary of remaining write-ins for Line 25 from overflow page .............................................................................................. |
. 1,441,645,910 |
. 1,782,049,367 |
|
2599. |
Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
1,741,169,982 |
2,099,510,416 |
|
3101. 3102. 3103. 3198. 3199. |
................................................................................................................................................................................................... ................................................................................................................................................................................................... ................................................................................................................................................................................................... Summary of remaining write-ins for Line 31 from overflow page .............................................................................................. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above) |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
|
3401. 3402. 3403. 3498. 3499. |
Admitted disallowed IMR .......................................................................................................................................................... ................................................................................................................................................................................................... ................................................................................................................................................................................................... Summary of remaining write-ins for Line 34 from overflow page .............................................................................................. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above) |
. 337,152,594 .................................... .................................... . 0 337,152,594 |
. 328,925,633 .................................... .................................... . 0 328,925,633 |
SUMMARY OF OPERATIONS
|
1 Current Year To Date |
2 Prior Year To Date |
3 Prior Year Ended |
|
. 4,171,880,972 . 201,488 . 799,134,941 . (7,780,838) . 145,430,885 . 27,196,139 . 0 . 669,013,535 . 0 181,920,847 |
. 3,654,792,376 . 200,892 . 735,021,386 . (1,408,742) . 34,378,165 . 1,200,192,929 . 0 . 659,521,528 . 0 181,999,494 |
. 17,595,753,800 . 927,394 . 2,985,426,125 . (9,868,860) . 212,425,954 . 1,332,091,024 . 0 . 2,708,867,953 . 0 733,282,340 |
|
|
5,986,997,969 |
6,464,698,028 |
25,558,905,730 |
|
|
. 219,524,298 . 1,242,543 . 999,690,250 . 3,184,165 . 12,470 . 7,491,663,072 . 0 . 104,985,537 . 3,725,085 (173,749,097) |
. 242,538,783 . 2,122,639 . 890,905,458 . 3,688,468 . 9,856 . 6,453,251,146 . 0 . 76,545,470 . 4,062,555 (607,003,375) |
. 888,172,646 . 6,699,515 . 3,600,806,416 . 12,710,259 . 52,756 . 29,349,405,299 . 0 . 345,939,032 . 15,212,435 (424,050,529) |
|
|
. 8,650,278,323 . 452,372,172 . 47,747,348 . 190,819,185 . 13,839,801 . (85,679) . (3,984,588,466) 153,722,707 |
. 7,066,121,000 . 443,190,296 . 41,116,538 . 206,206,766 . 11,809,224 . (75,636) . (2,993,446,172) 1,366,629,346 |
. 33,794,947,829 . 1,887,401,667 . 183,110,060 . 839,669,158 . 47,496,942 . (336,269) . (14,546,666,296) 1,888,002,767 |
|
|
5,524,105,391 |
6,141,551,362 |
24,093,625,858 |
|
|
. 462,892,578 2,155,132 |
. 323,146,666 2,247,058 |
. 1,465,279,872 7,393,269 |
|
|
. 460,737,446 (51,328,508) |
. 320,899,608 137,113,382 |
. 1,457,886,603 96,184,516 |
|
|
. 512,065,954 (22,513,626) |
. 183,786,226 (545,438,964) |
. 1,361,702,087 (1,084,069,466) |
|
|
489,552,328 |
(361,652,738) |
277,632,621 |
|
|
4,404,030,969 |
4,652,621,647 |
4,652,621,647 |
|
|
. 489,552,328 . (45,035,674) . (22,457) . (78,924,282) . 105,679,941 . (108,273) . 0 . (28,636,056) . 0 . 120,404,297 . (120,404,297) . 13,922 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . (67,959,923) . (240,000,000) 0 |
. (361,652,738) . 599,286,326 . 0 . (105,839,565) . 188,042,374 . 0 . 0 . (6,336,078) . 0 . 34,378,165 . (34,378,165) . 12,653 . 0 . 0 . 0 . 0 . (1,919,833,927) . 0 . 0 . 1,098,513,318 . 0 0 |
. 277,632,621 . 1,244,086,020 . (3,040,894) . (189,128,199) . 442,169,777 . (3,588,341) . 0 . (165,631,793) . 0 . 212,425,954 . (212,425,954) . 53,928 . 0 . 0 . 0 . 0 . (1,919,833,927) . 0 . 0 . 898,690,130 . (830,000,000) 0 |
|
|
134,559,526 |
(507,807,637) |
(248,590,678) |
|
|
4,538,590,495 |
4,144,814,010 |
4,404,030,969 |
|
|
DETAILS OF WRITE-INS
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) |
. 14,997,392 . 165,448,898 . 302,621 . 1,171,936 181,920,847 |
. 17,719,157 . 163,271,802 . (149,477) . 1,158,012 181,999,494 |
. 67,595,782 . 671,632,288 . (10,661,669) . 4,715,939 733,282,340 |
|
2701. Additional contract benefits to Founders Plan policyholders ........................................................2702. Interest on funds withheld treaties ................................................................................................. 2703. Reclassification of ceding commission to surplus .......................................................................... 2798. Summary of remaining write-ins for Line 27 from overflow page ......................................................... 2799. Totals (Lines 2701 through 2703 plus 2798)(Line 27 above) |
. 18,395 . 221,664,235 . 0 . (67,959,923) 153,722,707 |
. 11,937 . 268,104,090 . 1,170,900,000 . (72,386,681) 1,366,629,346 |
. 59,095 . 989,253,550 . 1,214,819,693 . (316,129,571) 1,888,002,767 |
|
5301. .............................................................................................................................................................. 5302. .............................................................................................................................................................. 5303. .............................................................................................................................................................. 5398. Summary of remaining write-ins for Line 53 from overflow page ......................................................... 5399. Totals (Lines 5301 through 5303 plus 5398)(Line 53 above) |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
.................................... .................................... .................................... . 0 0 |
Attachments
Disclaimer



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