Friday, March 14, 2008
Jackson Reports a 14% Rise in GAAP Net Income to $619 Million; GAAP Revenue up 11% to $4.1 Billion
Jackson National Life Insurance Company® (Jackson) generated $4.1 billion in GAAP revenue and $619 million in GAAP net income in 2007. The company's 14-percent increase in GAAP net income was driven primarily by record fee income of $1 billion, up 41 percent over 2006. Fee income comprised 24 percent of Jackson's total revenue in 2007, up from 19 percent in 2006, as Jackson further diversified its revenue streams. Jackson also achieved record sales and deposits of more than $14.5 billion1, a 22-percent increase over 2006, and surpassed $82 billion in assets (GAAP)2 at the end of 2007.
Jackson Reports a 14% Rise in GAAP Net Income to $619 Million; GAAP Revenue up 11% to $4.1 Billion
Source: Business Wire
Jackson Reports a 14% Rise in GAAP Net Income to $619 Million; GAAP Revenue up 11% to $4.1 Billion
Source: Business Wire
Permalink posted by armandn @ 7:26 AM 
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