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Jackson National Life Insurance Company 2024 annual statutory statement

U.S. Markets via PUBT

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
			1	2	3	4
					Net Admitted Assets	Net Admitted
			Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1.	Bonds (Schedule D)	.......... 33,162,491,780	.................................0	.......... 33,162,491,780	...........38,257,779,802
2.	Stocks (Schedule D):
	2.1	Preferred stocks	149,164,092	0	149,164,092	172,812,053
	2.2 Common stocks	967,989,205	1,766,702	966,222,503	1,105,540,606
3.	Mortgage loans on real estate (Schedule B):
	3.1	First liens	9,329,025,722	0	9,329,025,722	10,278,311,557
	3.2	Other than first liens	0	0	0	0

4. Real estate (Schedule A):

	.................................4.1 Properties occupied by the company (less $	0
	.......................................................................................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	................... 7,172,124
	4.3 Properties held for sale (less $	0
	.......................................................................................encumbrances)			................. 13,506,496	.................................0	................. 13,506,496	................... 5,541,097
5.	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
6.	Contract loans (including $	.................................0	premium notes)	............ 4,205,914,194	...................2,224,590	............ 4,203,689,604	............ 4,241,715,886
7.	.............................................................................Derivatives (Schedule DB)			................(63,384,084)	.................................0	................(63,384,084)	................. 84,816,291
8.	............................................................Other invested assets (Schedule BA)		............ 2,528,924,689	................... 3,046,844	............ 2,525,877,845	............ 2,083,122,612
9.	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	.................................0	.................................0	.................................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)			0	0	0	0
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	0	39,833,690	42,373,841
15.3	Accrued retrospective premiums ($ .................................0 ) and
	contracts subject to redetermination ($	.................................0 )	.................................0	0	0	0

16. Reinsurance:

	16.1 Amounts recoverable from reinsurers	217,978,558	0	217,978,558	232,890,590
	16.2 Funds held by or deposited with reinsured companies	0	0	0	0
	........................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	.................................0	.................................0	.................................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	................. 16,450,386	.................................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	.................................0	.................................0	.................................0	.................................0
24.	Health care ($	0 ) and other amounts receivable	.................................0	.................................0	.................................0	.................................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	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)	0	0	0	0
2501.	Agents' balances (net)	3,433,174	3,433,174	0	0
2502.	................................................................Capitalized software and associated costs	20,531,852	................. 20,531,852	.................................0	.................................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

					1	2
					Current Year	Prior Year
1.	Aggregate reserve for life contracts $	24,826,823,708 (Exh. 5, Line 9999999) less $	0
	included in Line 6.3 (including $	0 Modco Reserve)	..........................................................................	24,826,823,708	25,250,874,249
2.	Aggregate reserve for accident and health contracts (including $	0 Modco Reserve)	0	0
3.	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	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 $	0
		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
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 (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 $	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 $	(59,309,945) assumed and $	36,825,793
		ceded					................(22,484,152)	................(42,328,628)
	........................................................................................................................9.4 Interest maintenance reserve (IMR, Line 6)				.................................0	.................................0
10.	Commissions to agents due or accrued-life and annuity contracts $	133,650,950	accident and health
	$	.................................	0 and deposit-type contract funds $	0		................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	.................................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	.................................0
21.	.......................................................................................Liability for benefits for employees and agents if not included above			.................................0	.................................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				0	0

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	.................................0
	24.06	............................................................................................................Liability for amounts held under uninsured plans		.................................0	.................................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	.................................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	................. 13,800,000
30.	...............................................................................................................................................................Preferred capital stock			.................................0	.................................0
31.	Aggregate write-ins for other-than-special surplus funds		.................................0	.................................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	)	.................................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 $	(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	.................................0
3199.	Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)	0	0
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	.................................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

		1	2
		Current Year	Prior Year
1.	Premiums and annuity considerations for life and accident and health contracts	.......... 17,595,753,800	.......... 13,227,578,114
2.	Considerations for supplementary contracts with life contingencies	.......................927,394	................... 1,443,096
3.	Net investment income (Exhibit of Net Investment Income, Line 17)	2,985,426,125	2,854,546,582
4.	Amortization of Interest Maintenance Reserve (IMR, Line 5)	(9,868,860)	(732,212,449)
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	212,425,954	210,501,922
6.	Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)	1,332,091,024	54,250,064
7.	Reserve adjustments on reinsurance ceded	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate
	Accounts	2,708,867,953	5,381,405,978
	8.2 Charges and fees for deposit-type contracts	0	.................................0
	8.3 Aggregate write-ins for miscellaneous income	733,282,340	696,024,124

9.	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	.................................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	.................................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	.................................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	.................................0
50.	Capital changes:
	50.1 Paid in	................................................................................................................................................................................		.................................0	.................................0
	50.2 Transferred from surplus (Stock Dividend)		.................................0	.................................0
	.......................................................................................................................................................50.3 Transferred to surplus		.................................0	.................................0
51.	Surplus adjustment:
	51.1 Paid in	................................................................................................................................................................................		...........(1,919,833,927)	..............(150,000,000)

	51.2 Transferred to capital (Stock Dividend)		.................................0	.................................0
	51.3 Transferred from capital		.................................0	.................................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	0
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	.................................0
5399.	Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)	2,406,647,767	0

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

CASH FLOW

Cash from Operations

Current Year

Prior Year

1.	.....................................................................................................................................Premiums collected net of reinsurance	.......... 17,621,056,339	...........13,259,779,354
2.	..............................................................................................................................................................Net investment income	............ 2,176,416,758	............ 2,489,559,303
3.	...............................................................................................................................................................Miscellaneous income	7,057,589,236	6,127,179,131
4.	Total (Lines 1 through 3)	26,855,062,333	21,876,517,788
5.	Benefit and loss related payments	...........34,137,141,358	.......... 24,164,286,659
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	.........(15,658,543,356)	.......... (6,861,122,661)
7.	.....................................................................................Commissions, expenses paid and aggregate write-ins for deductions	............ 3,385,237,938	............ 2,951,813,188
8.	.................................................................................................................................................Dividends paid to policyholders	................... 7,854,513	................... 8,527,033
9.	.................................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	.................................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	.................................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

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

.................549,105 ..........................0 ....................7,292 ..........................0 ..........................0 ..............3,571,182 .............(5,509,461) ..........................0 .............. 2,480,092 ..........................0 ..........................0 ..........................0

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

(5,949,793)02,744,341 (13,288,125)04,555,41438,507070000

1,003,368,50110,176,226 249,600,357 127,714,2190 479,546,871 130,728,61005,602,218000

........... 882,208,462 ..............2,918,211 ...........215,834,413 ........... 100,929,988 ..........................0 ........... 471,230,755 .............90,845,095 ..........................0 ................. 450,000 ..........................0 ..........................0 ..........................0

.............. 6,699,515 .................309,073 ..............1,947,354 ..........................0 ..........................0 ..............4,443,088 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0

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

.............12,698,539 ........................ 25 .............. 1,420,608 ..............6,546,433 ..........................0 ..............3,659,373 .............. 1,072,100 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0

...................52,756 ..........................0 ...................52,756 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0

........... 222,047,918 .............. 2,035,976 .............30,542,250 ..............6,133,904 ..........................0 ...........164,541,213 ............ 13,768,439 ..........................0 .............. 5,026,136 ..........................0 ..........................0 ..........................0

.............. 7,607,228 .................. 49,937 ..............3,398,158 .................363,918 ..........................0 ..............3,036,273 .................749,067 ..........................0 ....................9,875 ..........................0 ..........................0 ..........................0

(312,516,795) (4,829,982) (97,795,715) (5,971,474)0 (176,658,655) (27,020,583)0(240,386)000

........... 818,797,623 .................483,240 ........... 155,399,824 ........... 108,002,769 ..........................0 ........... 470,252,047 ............ 79,414,118 ..........................0 .............. 5,245,625 ..........................0 ..........................0 ..........................0

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)

		1	2	3		4		5		6	7	8	9		10		11	12
											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
1.	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		..........................0	..........................0
2.	Considerations for supplementary contracts with life contingencies	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX

3.	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		..........................0	..........................0
4.	Amortization of Interest Maintenance Reserve (IMR)	.............(2,928,870)	.................(48,663)	................(803,886)		.................(43,651)		..........................0		............ (1,529,136)	............... (499,142)	0	.................. (4,392)		..........................0		..........................0	..........................0

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

	losses	0	0	0	0	0	0	0	0	0	0	0	0
6.	Commissions and expense allowances on reinsurance ceded	.............14,632,456	..........................0	..............1,549,735	.............. 8,645,079	..........................0	..............4,437,642	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
7.	Reserve adjustments on reinsurance ceded	0	0	0	0	0	0	0	0	0	0	0	0

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	0	271,932	436,996	0	2,059,669	162,312	0	108,621	0	0	...........XXX
22.	Commissions and expense allowances on reinsurance assumed	5,990,997	0	2,190,577	(1,976,413)	0	5,776,833	0	0	0	0	0	0
23.	General insurance expenses	147,095,190	5,559,405	36,000,143	22,159,795	0	55,733,060	27,250,943	0	391,844	0	0	0
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	..........................0	..........................0
25.	Increase in loading on deferred and uncollected premiums		................(336,065)	..................... (311)	............... (373,552)	.................. 44,338	..........................0	.................. (6,540)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance		.............(2,816,670)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	0	.............(2,816,670)	..........................0	..........................0	..........................0
27.	Aggregatewrite-insfor deductions		294,989,286	5,299,730	87,618,301	(19,298,123)	0	166,531,686	54,359,417	0	478,275	0	0	0
28.	Totals (Lines 20 to 27)		1,276,346,290	11,673,868	282,585,892	112,018,517	0	702,656,188	163,940,427	0	3,471,398	0	0	0
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	..........................0	..........................0
30.	Dividends to policyholders and refunds to members		7,393,269	0	7,393,269	0	0	0	0	0	0	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)		..........(280,371,058)	(1,497,642)	........... (40,378,804)	.............15,695,702	..........................0	......... (223,109,317)	...........(33,211,817)	..........................0	.............. 2,130,820	..........................0	..........................0	..........................0
32.	Federal income taxes incurred (excluding tax on capital gains)		(58,877,924)	(314,506)	(8,479,549)	3,296,097	0	(46,852,956)	(6,974,482)	0	447,472	0	0	0
33.	Net gain from operations after dividends to policyholders, refunds to
	members and federal income taxes and before realized capital gains or
	(losses) (Line 31 minus Line 32)		(221,493,134)	(1,183,136)	(31,899,255)	12,399,605	0	(176,256,361)	(26,237,335)	0	1,683,348	0	0	0
34.	Policies/certificates in force end of year		877,269	157,980	329,925	143,137	0	168,992	75,673	0	1,562	0	0	0
	DETAILS OF WRITE-INS
08.301.	Miscellaneous income		........... (10,665,344)	..........................0	.............. 2,706,816	...........(13,372,160)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
08.302.	Reinsurance experience and other funds		..............4,715,551	0	.................. 37,525	.................. 84,035	..........................0	..............4,555,414	.................. 38,507	..........................0	........................ 70	..........................0	..........................0	..........................0
08.303.	.........................................................................................................		.............................	.............................	.............................	.............................	.............................	.............................	.............................	.............................	.............................	.............................	.............................	.............................
...............08.398. Summary of remaining write-ins for Line 8.3 from overflow page		..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)		(5,949,793)	0	2,744,341	(13,288,125)	0	4,555,414	38,507	0	70	0	0	0
2701.	Additional contract benefits to founders plan policyholders		.................. 59,095	0	.................. 70,451	.................(11,356)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................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	..........................0	..........................0
2703.	Amortization of gain on reinsured business to income		...........(35,974,074)	0	..........................0	...........(35,974,074)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
2798.	Summary of remaining write-ins for Line 27 from overflow page		..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
2799.	Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)		294,989,286	5,299,730	87,618,301	(19,298,123)	0	166,531,686	54,359,417	0	478,275	0	0	0
(a) Include premium amounts for preneed plans included in Line 1	0

(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)

		1	2	3	4	5	6	7	8	9
							Variable Universal	Credit Life	Other Group Life	YRT Mortality
		Total	Whole Life	Term Life	Universal Life	Variable Life	Life	(d)	(a)	Risk Only
1.	Premiums for life contracts (b)	...................1,782,491	....................... 86,251	1,366,045	......................177,574	............................... 0	152,621	............................... 0	............................... 0	............................... 0
2.	Considerations for supplementary contracts with life contingencies	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
3.	Net investment income	...................1,032,395	......................121,368	....................... 70,906	......................821,597	............................... 0	....................... 18,524	............................... 0	............................... 0	............................... 0
4.	Amortization of Interest Maintenance Reserve (IMR)	....................... (9,409)	....................... (1,106)	...........................(646)	....................... (7,488)	............................... 0	...........................(169)	............................... 0	............................... 0	............................... 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............................... 0	0	0	0	............................... 0	0	............................... 0	............................... 0	............................... 0
6.	Commissions and expense allowances on reinsurance ceded	....................... 93,954	............................ 271	....................... 93,683	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
7.	Reserve adjustments on reinsurance ceded	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	...................2,250,104	............................... 0	............................... 0	...................1,930,988	............................... 0	......................319,116	0	............................... 0	............................... 0
	8.2 Charges and fees for deposit-type contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
	8.3 Aggregate write-ins for miscellaneous income	62	0	0	62	0	0	0	0	0
9.	Totals (Lines 1 to 8.3)	5,149,597	206,784	1,529,988	2,922,733	0	490,092	0	0	0
10.	Death benefits	...................5,964,184	....................... 22,236	.................. 5,230,788	......................587,219	............................... 0	123,941	............................... 0	............................... 0	............................... 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	............................... 0	0	0	0	............................... 0	0	............................... 0	............................... 0	............................... 0
12.	Annuity benefits	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
13.	Disability benefits and benefits under accident and health contracts	....................... 11,720	....................... 23,370	......................(12,250)	............................ 600	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
15.	Surrender benefits and withdrawals for life contracts	....................... 53,786	............................... 0	............................... 0	....................... 43,309	............................... 0	....................... 10,477	0	............................... 0	............................... 0
16.	Group conversions	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0
17.	Interest and adjustments on contract or deposit-type contract funds	.........................8,896	0	0	8,896	............................... 0	0	............................... 0	............................... 0	............................... 0
18.	Payments on supplementary contracts with life contingencies	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 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	............................... 0	............................... 0
20.	Totals (Lines 10 to 19)	.................. 5,694,856	.................... (205,065)	5,309,656	......................336,402	............................... 0	253,863	............................... 0	............................... 0	............................... 0

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

	business only)	10,582	420	0	3,712	0	6,450	0	0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
23.	General insurance expenses	......................472,785	....................... 55,580	....................... 32,471	......................376,251	............................... 0	.........................8,483	............................... 0	............................... 0	............................... 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	....................... 31,448	......................... 3,697	......................... 2,160	....................... 25,027	............................... 0	............................ 564	............................... 0	............................... 0	............................... 0
25.	Increase in loading on deferred and uncollected premiums	...........................(204)	............................ (44)	...........................(160)	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	.................... (180,765)	............................... 0	............................... 0	............................... 0	............................... 0	.................... (180,765)	............................... 0	............................... 0	............................... 0
27.	Aggregate write-ins for deductions	(974,937)	0	(974,937)	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	5,053,765	(145,412)	4,369,190	741,392	0	88,595	0	0	0
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	............................... 0	............................... 0
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	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)	....................... 95,832	......................352,196	(2,839,202)	...................2,181,341	............................... 0	401,497	............................... 0	............................... 0	............................... 0
32.	Federal income taxes incurred (excluding tax on capital gains)	20,124	73,961	(596,233)	458,082	0	84,314	0	0	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal
	income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)	75,708	278,235	(2,242,969)	1,723,259	0	317,183	0	0	0
34.	Policies/certificates in force end of year	14,532	3,016	10,988	451	0	77	0	0	0
	DETAILS OF WRITE-INS
08.301. Reinsurance experience and other refunds
..............................62	............................... 0	............................... 0	..............................62	............................... 0	............................... 0	0	............................... 0	............................... 0
.08.302	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.303	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	............................... 0
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)	62	0	0	62	0	0	0	0	0
2701.	Amortization of gain on reinsured business to income	.................... (974,937)	............................... 0	(974,937)	............................... 0	............................... 0	0	............................... 0	............................... 0	............................... 0
2702	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2703	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
2799.	Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)	(974,937)	0	(974,937)	0	0	0	0	0	0

(a) Includes the following amounts for FEGLI/SGLI:	Line 1	0 , Line 10	0 , Line 16	0 , Line 23	0 , Line 24	0
(b) Include premium amounts for preneed plans included in Line 1	0
(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)

		1		Deferred		6	7
			2	3	4	5	Life Contingent
					Variable Annuities	Variable Annuities	Payout (Immediate
		Total	Fixed Annuities	Indexed Annuities	with Guarantees	Without Guarantees	and Annuitizations)	Other Annuities
1.	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
2.	Considerations for supplementary contracts with life contingencies	....................... 927,394	...............XXX	...............XXX	...............XXX	...............XXX	....................... 927,394	...............XXX
3.	Net investment income	..............1,426,677,754	.................413,542,062	.................355,298,011	.................488,077,179	.................. 69,462,428	.................100,298,074	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................. (4,600,301)	(921,218)	(327,069)	(2,671,987)	(201,588)	......................(478,439)	0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	.................212,425,954	................................. 0	................................. 0	.................212,425,954	................................. 0	................................. 0	................................. 0
6.	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
7.	Reserve adjustments on reinsurance ceded	................................. 0	0	0	0	0	................................. 0	0
8.	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	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	546,784,083	326	0	512,197,499	34,586,258	0	0
9.	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	0
10.	Death benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
							................................. 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	0	0	0	0	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	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 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	0
16.	Group conversions	................................. 0	0	0	0	0	................................. 0	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	................................. 0	................................. 0	................................. 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)	0
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	................................. 0
23.	General insurance expenses	.................498,417,910	38,112,025	25,193,195	403,637,091	45,379,620	.................(13,904,021)	0
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)	0
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	.......... (10,786,965,333)	................................. 0	................................. 0	............ (9,912,800,039)	............... (874,165,294)	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	845,616,609	296,504,969	281,187,148	259,503,137	0	8,421,355	0
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	0
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	0	0	0	0	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) .	..............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	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital
	gains or (losses) (Line 31 minus Line 32)	1,432,226,305	(67,230,402)	(28,701,202)	1,689,440,725	(257,508,432)	96,225,616	0
34.	Policies/certificates in force end of year	1,207,088	144,673	77,247	835,510	114,481	35,177	0
	DETAILS OF WRITE-INS
08.301. General account policy fees	...................60,193,531	0	0	59,742,536	450,995	................................. 0	0
08.302. Marketing fees	.................486,586,552	0	0	452,451,289	34,135,263	................................. 0	0
08.303. Miscellaneous income	...........................3,674	................................. 0	................................. 0	...........................3,674	................................. 0	................................. 0	................................. 0
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	..............................326	..............................326	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)	546,784,083	326	0	512,197,499	34,586,258	0	0
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	................................. 0	................................. 0
2703.	Amortization of gain on reinsured business to income	............... (271,052,022)	.................(45,362,699)	.................(52,500,234)	............... (173,189,089)	................................. 0	................................. 0	................................. 0
2798.	Summary of remaining write-ins for Line 27 from overflow page	............... (742,117,250)	................................. 0	................................. 0	............... (742,117,250)	................................. 0	................................. 0	................................. 0
2799.	Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)	845,616,609	296,504,969	281,187,148	259,503,137	0	8,421,355	0

(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.

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

Attachments

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 21:43:55.200.