Jackson Reports First Half 2019 Financial Results1

Jackson National Life Insurance Company (Jackson) today announced its half-year financial results, generating a record $1.6 billion in IFRS pre-tax operating income² during the first half of 2019, an increase of 13.6 percent over the first half of 2018. Jackson, an indirect wholly owned subsidiary of the United Kingdom’s Prudential plc (NYSE: PUK), also reported $10.8 billion in sales and deposits and remitted a $525 million dividend to its parent company.

Michael Falcon, chief executive officer of Jackson Holdings LLC, said Jackson’s capital position and financial health remain strong, and the company continues to build on its positive momentum.

“Consumers want and need protection — both of income and principal — as part of their retirement plans, and that’s exactly what our solutions are designed to provide,” Falcon said. “Jackson is committed to enhancing its product offerings, distribution footprint and technology capabilities as we work to help advisors and consumers better understand the role annuities can play as they prepare for their financial futures.”

Jackson is leveraging FinTech to better integrate its solutions into advisors’ businesses, and new product launches and distribution partnerships have diversified the company’s offerings and furthered its national reach, providing advisors and their clients with more choice and greater access to the strategies they need.

“Receiving income for life is a critical concern for millions of Americans who are enjoying longer, healthier lives,” Falcon said. “Jackson is proud to take a leadership role in ensuring new tools and educational resources are available to make practical financial knowledge and lifetime income strategies more accessible and engaging for everyone.”

¹Financial results from Jackson National Life Insurance Company and its subsidiaries have been included in Jackson’s financial results. Fixed index annuities and institutional products are not sold in New York.

²International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards indicating how transactions and other events should be reported in financial statements. IFRS is issued by the International Accounting Standards Board in an effort to increase global comparability of financial statements and results. Jackson’s parent, Prudential plc (Group), uses IFRS to report the Group’s financial results.