Jackson National pivoting away from struggling variable annuities

March 7, 2023 by John Hilton

Jackson National continued its necessary pivot away from the variable annuities during a dicey fourth quarter for the market leader.

VA sales are in a steady slide amid the struggles of the equity markets. Jackson annually ranks No. 1 in VA sales, according to LIMRA sales statistics. But sales are sliding and Jackson President and CEO Laura Prieskorn presented two shifts the insurer is progressing with during a conference call today with analysts:

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Originally Posted at InsuranceNewsNet on March 2, 2023 by John Hilton.