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By 1984, Jackson had grown to $1 billion in assets. The company's growth attracted the attention of Prudential plc, which acquired Jackson in 1986. [6] In 1995, the company launched its first variable annuity and began selling guaranteed investment contracts and funding agreements through its Institutional Products Department. [5]
Jackson ® Reports Nine Month 2012 Sales and Deposits of $19.6 Billion LANSING, Mich.--(BUSINESS WIRE)-- Jackson National Life Insurance Company® (Jackson) generated $19.6 billion of total sales ...
Jackson ® Approaches Upper Range for 2012 Variable Annuity Premium LANSING, Mich.--(BUSINESS WIRE)-- Jackson National Life Insurance Company® (Jackson) announced today the company is approaching ...
Jackson Reports First Quarter 2013 Sales and Deposits of $6.2 Billion LANSING, Mich.--(BUSINESS WIRE)-- Jackson National Life Insurance Company® (Jackson®) generated more than $6.2 billion in ...
He spent 20 years in a variety of senior positions at Jackson. He was appointed as Jackson's CEO in January 2011, at which time he also joined the board of Prudential, Jackson's UK-based parent company. During Wells's four-year tenure as CEO of Jackson, it became the largest seller of variable annuities in the US. [3]
Of the total $385.4 billion in annuity sales in 2023, only about 13 percent came from variable annuities, marking its worst sales year ever recorded by LIMRA. Benefits of variable annuities
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