Jackson National 2015 Net Income Soars to $1.4 Billion
March 11, 2016 by Cyril Tuohy
Net income at Jackson National Life Insurance, the top seller of variable annuities in the U.S., rose to $1.4 billion in 2015 from $379 million in the year-ago period, the company reported.
Jackson National raked in more fee income from higher separate account assets under management. As a result, 2015 pretax operating income rose 10 percent to a record $2.6 billion compared with 2014, the company said.
Based in Lansing, Mich., Jackson National is a subsidiary of Prudential, the United Kingdom-based financial services giant. Prudential is not connected with the Newark, N.J.-based Prudential Financial.
The company reports income under International Financial Reporting Standards (IFRS). Click HERE to view article
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