Jackson National Life Insurance Company of New York 3Q 2022 statutory statement

QUARTERLY STATEMENT

OF THE

JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

TO THE

Insurance Department

OF THE

STATE OF

New York

FOR THE QUARTER ENDED

SEPTEMBER 30, 2022

[ X ] LIFE, ACCIDENT AND HEALTH

[ ] FRATERNAL BENEFIT SOCIETIES

2022

.NY

STATEMENT AS OF SEPTEMBER 30, 2022 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

ASSETS

			Current Statement Date	4
		1	2	3	December 31
				Net Admitted Assets	Prior Year Net
		Assets	Nonadmitted Assets	(Cols. 1 - 2)	Admitted Assets
1.	Bonds	1,310,461,847	0	1,310,461,847	1,281,189,038
2.	Stocks:
	2.1 Preferred stocks	0	0	0	0
	2.2 Common stocks	896,440	0	896,440	0

3. Mortgage loans on real estate:

3.1	First liens	0	0	0	0
3.2	Other than first liens	0	0	0	0

4. Real estate:

	4.1 Properties occupied by the company (less $	0
	encumbrances)			0	0	0	0
	4.2 Properties held for the production of income (less
	$		0 encumbrances)		0	0	0	0
	4.3 Properties held for sale (less $	0
	encumbrances)			0	0	0	0
5.	Cash ($	(11,861,963) ), cash equivalents
	($	76,311,450	) and short-term
	investments ($	0 )		64,449,487	0	64,449,487	45,918,813
6.	Contract loans (including $	0	premium notes)	344,886	0	344,886	348,272
7.	Derivatives				0	0	0	0
8.	Other invested assets			0	0	0	0
9.	Receivables for securities			2,621,940	0	2,621,940	141,220
10.	Securities lending reinvested collateral assets		3,677,248	0	3,677,248	763,250
11.	Aggregate write-ins for invested assets		0	0	0	0
12.	Subtotals, cash and invested assets (Lines 1 to 11)		1,382,451,848	0	1,382,451,848	1,328,360,593
13.	Title plants less $	0 charged off (for Title insurers
	only)				0	0	0	0
14.	Investment income due and accrued		9,803,780	0	9,803,780	9,076,069
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	(218,338,695)	22,059	(218,360,754)	(335,539,186)
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0
	earned but unbilled premiums)		90,558	0	90,558	99,674
	15.3 Accrued retrospective premiums ($	0 ) and
	contracts subject to redetermination ($	0 )	0	0	0	0

16. Reinsurance:

	16.1	Amounts recoverable from reinsurers	36,173,439	0	36,173,439	42,544,556
	16.2	Funds held by or deposited with reinsured companies	0	0	0	0
	16.3	Other amounts receivable under reinsurance contracts	138,802,612	0	138,802,612	270,644,919
17.	Amounts receivable relating to uninsured plans	0	0	0	0
18.1	Current federal and foreign income tax recoverable and interest thereon	652,969	0	652,969	282,685
18.2	Net deferred tax asset	0	0	0	0
19.	Guaranty funds receivable or on deposit	0	0	0	0
20.	Electronic data processing equipment and software	0	0	0	0

21. Furniture and equipment, including health care delivery assets

	($	0 )	0	0	0	0
22.	Net adjustment in assets and liabilities due to foreign exchange rates	0	0	0	0
23.	Receivables from parent, subsidiaries and affiliates	3,556,844	0	3,556,844	1,809,540
24.	Health care ($	0 ) and other amounts receivable	0	0	0	0
25.	Aggregate write-ins for other than invested assets	5,878,878	5,878,878	0	0

26. Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

1,359,072,233

5,900,937

1,353,171,296

1,317,278,850

27. From Separate Accounts, Segregated Accounts and Protected Cell

	Accounts	13,144,467,667	0	13,144,467,667	17,730,900,324
28.	Total (Lines 26 and 27)	14,503,539,900	5,900,937	14,497,638,963	19,048,179,174
	DETAILS OF WRITE-INS
1101.
1102.
1103.
1198.	Summary of remaining write-ins for Line 11 from overflow page	0	0	0	0
1199.	Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)	0	0	0	0
2501.	Amounts due from agents	246,792	246,792	0	0
2502.	Disallowed interest maintenance reserve	5,572,395	5,572,395	0	0
2503.	Prepaid other expenses	59,691	59,691	0	0
2598.	Summary of remaining write-ins for Line 25 from overflow page	0	0	0	0
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	5,878,878	5,878,878	0	0

STATEMENT AS OF SEPTEMBER 30, 2022 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

LIABILITIES, SURPLUS AND OTHER FUNDS

						1	2
						Current	December 31
						Statement Date	Prior Year
1.	Aggregate reserve for life contracts $	661,362,766 less $		0 included in Line 6.3
	(including $	0	Modco Reserve)			661,362,766	638,255,565
2.	Aggregate reserve for accident and health contracts (including $	0	Modco Reserve)	0	0
3.	Liability for deposit-type contracts (including $	0 Modco Reserve)		8,853,978	9,467,638

4. Contract claims:

4.1	Life		21,585,254	18,713,265
4.2	Accident and health		0	0
5. Policyholders' dividends/refunds to members $	0 and coupons $	0 due
and unpaid			0	0

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

6.1	Policyholders' dividends and refunds to members apportioned for payment (including $	0
	Modco)			0	0
6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	0 Modco)	0	0
6.3	Coupons and similar benefits (including $	0 Modco)		0	0
7. Amount provisionally held for deferred dividend policies not included in Line 6		0	0

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

0 discount; including $

0 accident and health premiums

5,504

8,918

9. Contract liabilities not included elsewhere:

	9.1	Surrender values on canceled contracts				0	0
	9.2	Provision for experience rating refunds, including the liability of $	0 accident and health
		experience rating refunds of which $	0	is for medical loss ratio rebate per the Public Health
		Service Act						0	0
	9.3 Other amounts payable on reinsurance, including $		0 assumed and $	0
		ceded						0	0
	9.4 Interest Maintenance Reserve						0	0
10.	Commissions to agents due or accrued-life and annuity contracts $		4,913,210 , accident and health
	$	0 and deposit-type contract funds $		0		4,913,210	6,362,570
11.	Commissions and expense allowances payable on reinsurance assumed			0	0
12.	General expenses due or accrued						2,838,718	2,953,271
13.	Transfers to Separate Accounts due or accrued (net) (including $		(34,633,529) accrued for expense
	allowances recognized in reserves, net of reinsured allowances)				(36,028,961)	(36,437,770)
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes			1,501,974	1,444,081
15.1 Current federal and foreign income taxes, including $		0 on realized capital gains (losses)		0	0
15.2	Net deferred tax liability						0	0
16.	Unearned investment income						0	0
17.	Amounts withheld or retained by reporting entity as agent or trustee				590,474	1,010,178
18.	Amounts held for agents' account, including $	0 agents' credit balances		0	0
19.	Remittances and items not allocated						3,723,328	1,676,896
20.	Net adjustment in assets and liabilities due to foreign exchange rates			0	0
21.	Liability for benefits for employees and agents if not included above				0	0
22.	Borrowed money $	0	and interest thereon $		0		0	0
23.	Dividends to stockholders declared and unpaid				0	0

24. Miscellaneous liabilities:

	24.01	Asset valuation reserve				10,116,328	9,973,523
	24.02 Reinsurance in unauthorized and certified ($	0 ) companies		0	0
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	0 ) reinsurers	0	0
	24.04	Payable to parent, subsidiaries and affiliates			0	0
	24.05	Drafts outstanding				0	0
	24.06	Liability for amounts held under uninsured plans			0	0
	24.07	Funds held under coinsurance				0	0
	24.08	Derivatives				0	0
	24.09	Payable for securities				0	0
	24.10	Payable for securities lending				3,677,248	763,250
	24.11 Capital notes $	0 and interest thereon $		0	0	0
25.	Aggregate write-ins for liabilities				1,478,998	1,220,049
26.	Total liabilities excluding Separate Accounts business (Lines 1 to 25)			684,618,819	655,411,434
27.	From Separate Accounts Statement				13,144,467,667	17,730,900,324
28.	Total liabilities (Lines 26 and 27)				13,829,086,486	18,386,311,758
29.	Common capital stock				2,000,000	2,000,000
30.	Preferred capital stock				0	0
31.	Aggregate write-ins for other than special surplus funds			0	0
32.	Surplus notes				0	0
33.	Gross paid in and contributed surplus				503,858,735	503,858,735
34.	Aggregate write-ins for special surplus funds			0	0
35.	Unassigned funds (surplus)				162,693,742	156,008,681

36. Less treasury stock, at cost:

	36.1	0	shares common (value included in Line 29	$	0	)	0	0
	36.2	0	shares preferred (value included in Line 30	$	0	)	0	0
37.	Surplus (Total Lines 31+32+33+34+35-36) (including $		0 in Separate Accounts Statement)	666,552,477	659,867,416
38.	Totals of Lines 29, 30 and 37					668,552,477	661,867,416
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)				14,497,638,963	19,048,179,174
	DETAILS OF WRITE-INS
2501.	Escheat escrow liability - outstanding checks				396,186	339,360
2502.	Interest payable on contract claims				1,079,485	880,689
2503.	Investment escrow & Unallocated proceeds				3,327	0
2598.	Summary of remaining write-ins for Line 25 from overflow page				0	0
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)
			1,478,998	1,220,049
3101.
3102.
3103.
3198.	Summary of remaining write-ins for Line 31 from overflow page				0	0
3199.	Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)				0	0
3401.
3402.
3403.
3498.	Summary of remaining write-ins for Line 34 from overflow page				0	0
3499.	Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)				0	0

STATEMENT AS OF SEPTEMBER 30, 2022 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK

SUMMARY OF OPERATIONS

		1	2	3
		Current Year	Prior Year	Prior Year Ended
		To Date	To Date	December 31
1.	Premiums and annuity considerations for life and accident and health contracts	93,033,139	110,855,632	148,746,239
2.	Considerations for supplementary contracts with life contingencies	0	0	0
3.	Net investment income	31,599,088	32,708,185	44,178,589
4.	Amortization of Interest Maintenance Reserve (IMR)	395,317	419,995	569,926
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	0	0	0
6.	Commissions and expense allowances on reinsurance ceded	102,360,220	108,867,947	148,285,147
7.	Reserve adjustments on reinsurance ceded	0	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	28,793,424	28,828,196	39,105,505
	8.2 Charges and fees for deposit-type contracts	0	0	0
	8.3 Aggregate write-ins for miscellaneous income	6,082	6,212	7,857
9.	Totals (Lines 1 to 8.3)	256,187,270	281,686,167	380,893,263
10.	Death benefits	100,000	125,000	125,000
11.	Matured endowments (excluding guaranteed annual pure endowments)	0	0	0
12.	Annuity benefits	26,796,675	26,876,252	36,157,323
13.	Disability benefits and benefits under accident and health contracts	2,847	4,285	6,960
14.	Coupons, guaranteed annual pure endowments and similar benefits	0	0	0
15.	Surrender benefits and withdrawals for life contracts	104,837,621	118,806,014	161,297,976
16.	Group conversions	0	0	0
17.	Interest and adjustments on contract or deposit-type contract funds	(440,389)	353,865	147,006
18.	Payments on supplementary contracts with life contingencies	0	0	0
19.	Increase in aggregate reserves for life and accident and health contracts	23,107,198	(29,000,274)	(36,468,987)
20.	Totals (Lines 10 to 19)	154,403,952	117,165,142	161,265,278

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

	business only)	96,037,893	110,182,124	147,847,194
22.	Commissions and expense allowances on reinsurance assumed	0	0	0
23.	General insurance expenses and fraternal expenses	17,421,109	9,560,440	16,227,636
24.	Insurance taxes, licenses and fees, excluding federal income taxes	1,502,221	1,332,841	1,215,635
25.	Increase in loading on deferred and uncollected premiums	(7,906)	(37,641)	(47,480)
26.	Net transfers to or (from) Separate Accounts net of reinsurance	(22,146,855)	5,223,252	4,330,353
27.	Aggregate write-ins for deductions	(1,004,817)	(2,065,385)	(2,753,846)
28.	Totals (Lines 20 to 27)	246,205,597	241,360,773	328,084,770

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

Line 28)	9,981,673	40,325,394	52,808,493
30. Dividends to policyholders and refunds to members	0	0	0

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

income taxes (Line 29 minus Line 30)	9,981,673	40,325,394	52,808,493
32. Federal and foreign income taxes incurred (excluding tax on capital gains)	(158,814)	(1,605,974)	4,426,629

33. Net gain from operations after dividends to policyholders, refunds to members and federal income

	taxes and before realized capital gains or (losses) (Line 31 minus Line 32)		10,140,487	41,931,368	48,381,864
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital
	gains tax of $	(157,154) (excluding taxes of $	(54,315)
	transferred to the IMR)			(888,250)	15,834	15,834
35.	Net income (Line 33 plus Line 34)		9,252,237	41,947,202	48,397,698
		CAPITAL AND SURPLUS ACCOUNT
36.	Capital and surplus, December 31, prior year		661,867,416	607,762,378	607,762,378
37.	Net income (Line 35)			9,252,237	41,947,202	48,397,698
38.	Change in net unrealized capital gains (losses) less capital gains tax of $	(51,769)	(26,960)	(74,561)	(167,792)
39.	Change in net unrealized foreign exchange capital gain (loss)		0	0	0
40.	Change in net deferred income tax		(51,769)	0	0
41.	Change in nonadmitted assets		(1,340,825)	699,140	674,298
42.	Change in liability for reinsurance in unauthorized and certified companies		0	0	0
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	0	0	0
44.	Change in asset valuation reserve		(142,805)	(848,872)	(1,207,272)
45.	Change in treasury stock			0	0	0
46.	Surplus (contributed to) withdrawn from Separate Accounts during period		0	0	0
47.	Other changes in surplus in Separate Accounts Statement		0	0	0
48.	Change in surplus notes			0	0	0
49.	Cumulative effect of changes in accounting principles		0	0	0

50. Capital changes:

	50.1	Paid in	0	0	0
	50.2	Transferred from surplus (Stock Dividend)	0	0	0
	50.3	Transferred to surplus	0	0	0
51.	Surplus adjustment:
	51.1	Paid in	0	0	9,161,952
	51.2	Transferred to capital (Stock Dividend)	0	0	0
	51.3	Transferred from capital	0	0	0
	51.4	Change in surplus as a result of reinsurance	(1,004,817)	(2,065,385)	(2,753,846)
52.	Dividends to stockholders	0	0	0
53.	Aggregate write-ins for gains and losses in surplus	0	0	0
54.	Net change in capital and surplus for the year (Lines 37 through 53)	6,685,061	39,657,524	54,105,038
55.	Capital and surplus, as of statement date (Lines 36 + 54)	668,552,477	647,419,902	661,867,416
	DETAILS OF WRITE-INS
08.301. General account policy fees	6,082	6,212	7,857
08.302.
08.303.
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	0	0	0
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)	6,082	6,212	7,857
2701.	Reinsurance on in-force business	(1,004,817)	(2,065,385)	(2,753,846)
2702.
2703.
2798.	Summary of remaining write-ins for Line 27 from overflow page	0	0	0
2799.	Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)	(1,004,817)	(2,065,385)	(2,753,846)
5301.
5302.
5303.
5398.	Summary of remaining write-ins for Line 53 from overflow page	0	0	0
5399.	Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)	0	0	0

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Jackson Financial Inc. published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 21:26:18 UTC.

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