Jackson National Life Insurance Company® (Jackson®) first opened for business in 1961 as a small family-owned company. As we have evolved over the years into a successful multi-billion dollar organization, we have lived by the mantra that no matter where our journey takes us, we will never forget where we came from. We are just as proud of our heritage as we are of what we have become.
By combining the responsiveness and personal attention of a family business with the resources and strength of a large corporation, we are able to provide a unique experience to our customers and partners.
Company is founded and sells first policy
Jackson introduces its flexible premium annuity
Annuity sales triple from $50 million to $162 million
Jackson surpasses $1 billion in sales
Sales exceed $2 billion
Jackson begins marketing variable annuity and fixed index annuity products
National Planning Holdings®, Inc. (NPH) is formed
Jackson National Life Insurance Company of New York® opens, expanding Jackson's sales and distribution to all 50 states
NPH acquires INVEST Financial Corporation® and Investment Centers of America, Inc.®
Jackson surpasses $50 billion in assets US generally accepted accounting principles (US GAAP)
Jackson acquires Life Insurance Company of Georgia, doubling its policy count to 3 million
IFRS assets exceed $100 billion*
Jackson achieves record sales and deposits of $22.9 billion** and record IFRS net income of $683 million
Jackson acquires Reassure America Life Insurance Company, increasing its policy count to more than 4 million
Jackson generates $27.3** billion in total sales and deposits, with IFRS pre-tax operating income of $2 billion*
Jackson sees yet another record year, with total sales and deposits of $28.3 billion** and IFRS pre-tax operating income of $2.3 billion*
Barry Stowe is appointed Chairman and CEO of Prudential plc's North American Business Unit***
*International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards indicating how transactions and other events should be reported in financial statements. 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.
**Sales and deposits from Jackson's subsidiaries have been included in Jackson's total sales and deposits figure.
***The North American Business Unit of Prudential plc includes Jackson and its affiliated and subsidiary companies, Jackson National Life Distributors LLC (JNLD), Jackson National Asset Management LLC (JNAM), Jackson National Life Insurance Company of New York (JNY), and its U.S. affiliates National Planning Holdings®, Inc. (NPH) and PPM America, Inc. (PPMA). Jackson National Life Insurance Company is an indirect subsidiary of Prudential plc, a company incorporated in England and Wales. Prudential plc and its affiliated companies constitute one of the world's leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for over 165 years and has $749.6 billion in assets under management (as of December 31, 2015). Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.