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At Jackson National Life Insurance Company® (Jackson®), our results speak for themselves. We challenge ourselves to bring innovative products to market and find new ways to support your financial future. Our experience and investment philosophy are key factors in helping you with your retirement dreams.
International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards for reporting financial information. IFRS is issued by the International Accounting Standards Board in an effort to increase global comparability of financial statements and results. IFRS is used by Jackson's parent to report the Group's financial results. Jackson's IFRS results are consolidated within its parent's IFRS financial statements, which are audited. Jackson does not produce standalone audited IFRS financial statements.
2 IFRS pretax operating income is based on longer-term investment returns. It excludes short-term fluctuations in investment returns, hedge results, and change in value of derivatives. A reconciliation to net income based on generally accepted accounting principles (GAAP) for FY 2015 is as follows:
3 Includes separate account liabilities as well as $2.6 billion, $3.2 billion and $4.4 billion of trust instruments supported by funding agreements and Federal Home Loan Bank advances in FY 2013, FY 2014 and FY 2015, respectively.
4 Sales of medium-term notes, funding agreements and guaranteed investment contracts to investment banks, institutional investors and pension plan providers.
5 Net of deferred policy acquisition costs amortization.
For more information on Jackson's financial performance, contact Jackson Corporate Communications.