Jackson National Life Insurance Co., a Lansing, Mich., subsidiary of London's Prudential PLC, has announced that it generated $3.5 billion of sales and deposits, including $2.7 billion of retail sales and deposits, in the first quarter.
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Both figures were the second-highest for a first quarter in Jackson National's history, it said on Thursday. Last year it had $3.7 billion of first-quarter sales and deposits, including $2.8 billion at retail.
Variable annuity sales fell 14.3% from a year earlier, to $1.8 billion, but fixed annuity sales rose 45%, to $382 million. Fixed index annuity sales fell 8.5%, to $194 million, and life insurance sales rose 15%, to $14 million.
