Jackson National Life Insurance Company has reported record sales and deposits for fiscal 2009. The company reported sales and deposits of $15.2 billion, in addition to a record IFRS net income of $670 million. The company’s total sales and deposits showed an 8% increase over 2008. Sales were comprised of retail products. No wholesale institutional products were sold by the company this year. The company’s IFRS net income also went up from the previous year’s IFRS net loss of $1.0 billion. The increase is attributed to the positive impact of movements in non-operating derivative holdings.
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With nearly $88 billion in assets (IFRS)*, Jackson National Life Insurance Company (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also offers life insurance and institutional products. Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson’s subsidiary, Jackson National Life Insurance Company of New York®, similarly markets products in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management and retail brokerage services.
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