Jackson National Life Insurance Company secured $14.3 billion in total sales and deposits during the first nine months of 2010, which is up 37 percent compared to last year.
The growth is attributed to a 57 percent rise in variable annuity (VA) sales to nearly $10.5 billion. Jackson recorded more VA sales during the first nine months of 2010 than during any previous full-year reporting period.
"Jackson continues to deliver profitable sales growth for its parent company,
Prudential plc,” says Jackson president Mike Wells. “By providing high-quality products and services to advisers and their clients, while maintaining pricing discipline and a comprehensive risk management program, Jackson has positioned itself as a leader in the US annuity market.”
The company has maintained the same financial strength ratings for more than seven years.
Source: Sarah Behnke, Jackson National Life Insurance Company
Writer: Suban Nur Cooley
All Photographs © Dave Trumpie
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