Wednesday, January 30, 2008
Jackson's 2007 Sales Rise 22% to More Than $14.5 Billion
Jackson National Life Insurance Company generated more than $14.5 billion 1 in sales and deposits during 2007, a rise of 22 percent over 2006, due to record sales of variable annuities (VAs) and record deposits from its separately managed accounts (SMA) subsidiary, Curian Capital. Jackson sold more than $9.1 billion in VAs in 2007, a 29-percent increase over the prior year, and Curian’ s SMA deposits rose 57 percent over 2006 to more than $1.3 billion. Jackson’ s retail sales and deposits, which exclude sales of institutional products, exceeded $12.6 billion 1, an increase of 24 percent over the prior year.
“Jackson has been able to achieve double-digit sales growth in each of the past four years because we have had the right products in the right channels at the right time,” said Clark Manning, Jackson’ s president and chief executive officer. “By tailoring our products and services to the needs of advisers and their Baby Boomer clients, Jackson has established strong positions in advice-based distribution channels, which has allowed us to grow faster than the market...”
InsuranceNewsNet: Jackson's 2007 Sales Rise 22% to More Than $14.5 Billion
“Jackson has been able to achieve double-digit sales growth in each of the past four years because we have had the right products in the right channels at the right time,” said Clark Manning, Jackson’ s president and chief executive officer. “By tailoring our products and services to the needs of advisers and their Baby Boomer clients, Jackson has established strong positions in advice-based distribution channels, which has allowed us to grow faster than the market...”
InsuranceNewsNet: Jackson's 2007 Sales Rise 22% to More Than $14.5 Billion
Permalink posted by markw @ 6:27 AM 
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