JACKSON FINANCIAL INC. ANNUAL STATEMENT
OF THE
JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
TO THE
Insurance Department
OF THE
STATE OF
New York
FOR THE YEAR ENDED
DECEMBER 31, 2023
[ X ] LIFE, ACCIDENT AND HEALTH | [ ] FRATERNAL BENEFIT SOCIETIES |
2023
.NY
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
ASSETS
Current Year | Prior Year | ||||
1 | 2 | 3 | 4 | ||
Net Admitted Assets | Net Admitted | ||||
Assets | Nonadmitted Assets | (Cols. 1 - 2) | Assets | ||
1. | Bonds (Schedule D) | ............ 1,299,498,129 | .................................0 | ............ 1,299,498,129 | ............ 1,317,390,510 |
2. | Stocks (Schedule D): | ||||
2.1 Preferred stocks | 0 | 0 | 0 | 0 | |
2.2 Common stocks | 708,188 | 0 | 708,188 | 806,796 |
3. Mortgage loans on real estate (Schedule B):
3.1 First liens | .................................................................................................. | 0 | 0 | 0 | 0 | |||
3.2 Other than first liens | 0 | 0 | 0 | 0 | ||||
4. | Real estate (Schedule A): | |||||||
.................................4.1 Properties occupied by the company (less $ | 0 | |||||||
.......................................................................................encumbrances) | .................................0 | .................................0 | .................................0 | .................................0 | ||||
4.2 Properties held for the production of income (less | ||||||||
$ | 0 encumbrances) | .................................0 | .................................0 | .................................0 | .................................0 | |||
4.3 Properties held for sale (less $ | 0 | |||||||
.......................................................................................encumbrances) | .................................0 | .................................0 | .................................0 | .................................0 | ||||
5. | Cash ($ ................(24,026,410) , Schedule E - Part 1), cash equivalents | |||||||
($ | 54,796,520 | , Schedule E - Part 2) and short-term | ||||||
investments ($ | 0 , Schedule DA) | ................. 30,770,110 | .................................0 | ................. 30,770,110 | ................. 56,849,480 | |||
6. | Contract loans (including $ | .................................0 | premium notes) | .......................375,616 | .................................0 | .......................375,616 | .......................355,729 | |
7. | .............................................................................Derivatives (Schedule DB) | .................................0 | .................................0 | .................................0 | .................................0 | |||
8. | ............................................................Other invested assets (Schedule BA) | .................................0 | .................................0 | .................................0 | .................................0 | |||
9. | Receivables for securities | ...................... 496,341 | .................................0 | ...................... 496,341 | .......................383,945 | |||
10. | Securities lending reinvested collateral assets (Schedule DL) | ................... 3,565,134 | .................................0 | ................... 3,565,134 | ................... 9,463,168 | |||
11. | .........................................................Aggregate write-ins for invested assets | .................................0 | .................................0 | .................................0 | .................................0 | |||
12. | .....................................Subtotals, cash and invested assets (Lines 1 to 11) | ............ 1,335,413,518 | .................................0 | ............ 1,335,413,518 | ............ 1,385,249,628 | |||
13. | Title plants less $ | 0 charged off (for Title insurers | ||||||
only) | 0 | 0 | 0 | 0 | ||||
14. | Investment income due and accrued | 10,415,774 | 0 | 10,415,774 | 10,069,404 |
15. Premiums and considerations:
15.1 | Uncollected premiums and agents' balances in the course of collection | ..............(165,494,133) | ........................ 37,205 | ..............(165,531,338) | ..............(192,033,120) | |
15.2 | Deferred premiums, agents' balances and installments booked but | |||||
deferred and not yet due (including $ | .................................0 | |||||
earned but unbilled premiums) | 100,052 | 0 | 100,052 | 92,093 | ||
15.3 | Accrued retrospective premiums ($ .................................0 ) and | |||||
contracts subject to redetermination ($ | .................................0 ) | .................................0 | 0 | 0 | 0 |
16. Reinsurance:
16.1 Amounts recoverable from reinsurers | 46,958,382 | 0 | 46,958,382 | 40,905,827 | ||
16.2 Funds held by or deposited with reinsured companies | 0 | 0 | 0 | 0 | ||
........................16.3 Other amounts receivable under reinsurance contracts | 113,639,556 | .................................0 | ................113,639,556 | ................112,017,853 | ||
17. | ............................................Amounts receivable relating to uninsured plans | .................................0 | .................................0 | .................................0 | .................................0 | |
18.1 | ....Current federal and foreign income tax recoverable and interest thereon | .................................0 | .................................0 | .................................0 | ................... 1,739,607 | |
18.2 | Net deferred tax asset | ................. 20,652,372 | .................................0 | ................. 20,652,372 | .................................0 | |
19. | Guaranty funds receivable or on deposit | .................................0 | .................................0 | .................................0 | .................................0 | |
20. | .....................................Electronic data processing equipment and software | .................................0 | .................................0 | .................................0 | .................................0 | |
21. | Furniture and equipment, including health care delivery assets | |||||
($ | 0 ) | .................................0 | .................................0 | .................................0 | .................................0 | |
22. | Net adjustment in assets and liabilities due to foreign exchange rates | .................................0 | .................................0 | .................................0 | .................................0 | |
23. | Receivables from parent, subsidiaries and affiliates | ................. 11,272,928 | .................................0 | ................. 11,272,928 | ................... 2,031,052 | |
24. | Health care ($ | 0 ) and other amounts receivable | .................................0 | .................................0 | .................................0 | .................................0 |
25. | ........................................Aggregate write-ins for other than invested assets | ................. 11,081,566 | ...................... 189,927 | ................. 10,891,639 | ........................ 88,349 | |
26. | Total assets excluding Separate Accounts, Segregated Accounts and | |||||
Protected Cell Accounts (Lines 12 to 25) | ............ 1,384,040,015 | .......................227,132 | ............ 1,383,812,883 | ............ 1,360,160,693 | ||
27. | From Separate Accounts, Segregated Accounts and Protected Cell | |||||
Accounts | .......... 15,871,445,745 | .................................0 | .......... 15,871,445,745 | ...........13,943,777,853 | ||
28. | Total (Lines 26 and 27) | 17,255,485,760 | 227,132 | 17,255,258,628 | 15,303,938,546 | |
DETAILS OF WRITE-INS | ||||||
1101. | ...................................................................................................................... | .................................... | .................................... | .................................... | .................................... | |
1102. | ...................................................................................................................... | .................................... | .................................... | .................................... | .................................... | |
1103. | ...................................................................................................................... | .................................... | .................................... | .................................... | .................................... | |
1198. | ...................Summary of remaining write-ins for Line 11 from overflow page | .................................0 | .................................0 | .................................0 | .................................0 | |
1199. | Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above) | 0 | 0 | 0 | 0 | |
2501. | Amounts due from agents | 144,410 | 144,410 | 0 | 0 | |
2502. | ..................................................Disallowed interest maintenance reserve | ................. 10,891,639 | .................................0 | ................. 10,891,639 | .................................0 | |
2503. | Other assets | .................................0 | .................................0 | .................................0 | ........................ 88,349 | |
2598. | ...................Summary of remaining write-ins for Line 25 from overflow page | ........................ 45,517 | ........................ 45,517 | .................................0 | .................................0 | |
2599. | Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) | 11,081,566 | 189,927 | 10,891,639 | 88,349 |
2
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
LIABILITIES, SURPLUS AND OTHER FUNDS
1 | 2 | |||||
Current Year | Prior Year | |||||
1. | Aggregate reserve for life contracts $ | 627,157,754 (Exh. 5, Line 9999999) less $ | 0 | |||
included in Line 6.3 (including $ | 0 Modco Reserve) | .......................................................................... | 627,157,754 | 729,134,799 | ||
2. | Aggregate reserve for accident and health contracts (including $ | 0 Modco Reserve) | 0 | 0 | ||
3. | Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $ | .................................0 | Modco Reserve) | ................... 8,717,265 | 9,176,722 |
4. Contract claims:
4.1 | Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6) | ................. 14,167,327 | 20,366,172 |
4.2 | Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6) | .................................0 | 0 |
5. Policyholders' dividends/refunds to members $ | 0 and coupons $ | 0 due | |
and unpaid (Exhibit 4, Line 10) | .................................0 | 0 |
6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:
6.1 | Policyholders' dividends and refunds to members apportioned for payment (including $ | 0 | |||
Modco) | .................................0 | .................................0 | |||
6.2 | ...............................Policyholders' dividends and refunds to members not yet apportioned (including $ | 0 Modco) .... | .................................0 | .................................0 | |
6.3 | Coupons and similar benefits (including $ | 0 Modco) | .................................0 | .................................0 | |
7. | .......................................................................Amount provisionally held for deferred dividend policies not included in Line 6 | .................................0 | .................................0 | ||
8. | Premiums and annuity considerations for life and accident and health contracts received in advance less | ||||
$ | .................................0 discount; including $ | 0 accident and health premiums (Exhibit 1, | |||
Part 1, Col. 1, sum of lines 4 and 14) | 6,073 | 4,566 |
9. Contract liabilities not included elsewhere:
9.1 | Surrender values on canceled contracts | ............................................................................................................................ | .................................0 | .................................0 | |||||
9.2 | Provision for experience rating refunds, including the liability of $ | 0 | accident and health | ||||||
experience rating refunds of which $ | .................................0 | is for medical loss ratio rebate per the Public Health | |||||||
Service Act | .................................0 | .................................0 | |||||||
9.3 Other amounts payable on reinsurance, including $ | 0 assumed and $ | 0 | |||||||
ceded | .................................0 | .................................0 | |||||||
........................................................................................................................9.4 Interest maintenance reserve (IMR, Line 6) | .................................0 | .................................0 | |||||||
10. | Commissions to agents due or accrued-life and annuity contracts $ | ................... | 6,188,451 | accident and health | |||||
$ | .................................0 and deposit-type contract funds $ | 0 | ...................6,188,451 | ...................5,542,284 | |||||
11. | Commissions and expense allowances payable on reinsurance assumed | .............................................................................. | .................................0 | .................................0 | |||||
12. | ..................................................................................................General expenses due or accrued (Exhibit 2, Line 12, Col. 7) | ................... 2,799,172 | ...................2,606,295 | ||||||
13. | Transfers to Separate Accounts due or accrued (net) (including $ | ................ | (31,265,124) | accrued for expense | |||||
...........................................................................................allowances recognized in reserves, net of reinsured allowances) | ................(37,205,507) | ................(33,925,161) | |||||||
14. | Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6) | ................... 1,224,877 | .......................970,756 | ||||||
15.1 | Current federal and foreign income taxes, including $ | (817,017) on realized capital gains (losses) | ................. 19,987,353 | .................................0 | |||||
15.2 | .............................................................................................................................................................Net deferred tax liability | .................................0 | .................................0 | ||||||
16. | ...................................................................................................................................................Unearned investment income | .................................0 | .................................0 | ||||||
17. | ........................................................................................Amounts withheld or retained by reporting entity as agent or trustee | ................... 1,573,824 | ...................1,161,699 | ||||||
18. | Amounts held for agents' account, including $ | 0 | agents' credit balances | .................................0 | .................................0 | ||||
19. | Remittances and items not allocated | ................... 2,373,585 | .................................0 | ||||||
20. | .....................................................................................Net adjustment in assets and liabilities due to foreign exchange rates | .................................0 | .................................0 | ||||||
21. | .......................................................................................Liability for benefits for employees and agents if not included above | .................................0 | .................................0 | ||||||
22. | .................................Borrowed money $ | 0 | .................................and interest thereon $ | 0 | ............................................ | 0 | 0 | ||
23. | Dividends to stockholders declared and unpaid | 0 | 0 |
24. Miscellaneous liabilities:
24.01 | ...............................................................................................................Asset valuation reserve (AVR, Line 16, Col. 7) | ................. 12,138,184 | ................. 10,871,792 | |||
.................................24.02 Reinsurance in unauthorized and certified ($ | 0 ) companies | .................................0 | .................................0 | |||
24.03 Funds held under reinsurance treaties with unauthorized and certified ($ | 0 ) reinsurers | .................................0 | .................................0 | |||
24.04 | Payable to parent, subsidiaries and affiliates | .................................0 | .................................0 | |||
24.05 | Drafts outstanding | .................................0 | .................................0 | |||
24.06 | ............................................................................................................Liability for amounts held under uninsured plans | .................................0 | .................................0 | |||
24.07 | ........................................................................................................................................Funds held under coinsurance | .................................0 | .................................0 | |||
24.08 | Derivatives | .................................0 | .................................0 | |||
24.09 | Payable for securities | .................................0 | .................................0 | |||
24.10 | Payable for securities lending | ................... 3,565,134 | ................... 9,463,168 | |||
.................................24.11 Capital notes $ | 0 and interest thereon $ | ................................. | 0 | .................................0 | .................................0 | |
25. | ................................................................................................................................................Aggregate write-ins for liabilities | 1,058,067 | 1,659,750 | |||
26. | .....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25) | 663,751,559 | 757,032,842 | |||
27. | .........................................................................................................................................From Separate Accounts Statement | .......... 15,871,445,745 | ...........13,943,777,853 | |||
28. | Total liabilities (Lines 26 and 27) | 16,535,197,304 | 14,700,810,695 | |||
29. | ...............................................................................................................................................................Common capital stock | ...................2,000,000 | ...................2,000,000 | |||
30. | ...............................................................................................................................................................Preferred capital stock | .................................0 | .................................0 | |||
31. | Aggregate write-ins for other than special surplus funds | .................................0 | .................................0 | |||
32. | .............................................................................................................................................................................Surplus notes | .................................0 | .................................0 | |||
33. | Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1) | ............................................... | ................503,858,735 | ................503,858,735 | ||
34. | ............................................................................................................................Aggregate write-ins for special surplus funds | ................. 10,891,639 | .................................0 | |||
35. | Unassigned funds (surplus) | 203,310,950 | 97,269,116 |
36. Less treasury stock, at cost:
36.1 | 0 shares common (value included in Line 29 | $ | .................................0 | ) | .................................0 | .................................0 | |
36.2 | 0 shares preferred (value included in Line 30 | $ | .................................0 | ) | .................................0 | .................................0 | |
37. | Surplus (Total Lines 31+32+33+34+35-36) (including $ | 0 in Separate Accounts Statement) | 718,061,324 | 601,127,851 | |||
38. | ......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55) | 720,061,324 | 603,127,851 | ||||
39. | Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3) | 17,255,258,628 | 15,303,938,546 | ||||
DETAILS OF WRITE-INS | |||||||
2501. | Escheat escrow liability - outstanding checks | ||||||
...................... 390,842 | .......................385,874 | ||||||
2502. | Interest payable on contract claims | 667,225 | ................... 1,270,250 | ||||
2503. | Investment escrow & unallocated proceeds | 0 | ..........................3,626 | ||||
2598. | ..............................................................................................Summary of remaining write-ins for Line 25 from overflow page | .................................0 | .................................0 | ||||
2599. | Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) | 1,058,067 | 1,659,750 | ||||
3101 | .................................... |
3102 | .................................... | ||
3103 | .................................... | ||
3198. | Summary of remaining write-ins for Line 31 from overflow page | .................................0 | .................................0 |
3199. | Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above) | 0 | 0 |
3401. | Admitted disallowed IMR | 10,891,639 | .................................0 |
3402 | |||
3403 | |||
3498. | Summary of remaining write-ins for Line 34 from overflow page | 0 | .................................0 |
3499. | Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above) | 10,891,639 | 0 |
3
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
SUMMARY OF OPERATIONS
1 | 2 |
Current Year | Prior Year |
1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1 less
Col. 8) | ................101,132,331 | ................118,032,989 | |
2. | Considerations for supplementary contracts with life contingencies | .................................0 | .................................0 |
3. | Net investment income (Exhibit of Net Investment Income, Line 17) | ................. 47,250,226 | ................. 42,850,549 |
4. | Amortization of Interest Maintenance Reserve (IMR, Line 5) | .....................(183,423) | .......................397,529 |
5. | Separate Accounts net gain from operations excluding unrealized gains or losses | .................................0 | .................................0 |
6. | Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1) | ............... 120,145,245 | ................132,682,305 |
7. | Reserve adjustments on reinsurance ceded | .................................0 | .................................0 |
8. Miscellaneous Income:
8.1 Income from fees associated with investment management, administration and contract guarantees from Separate | |||
Accounts | 38,383,260 | 38,084,305 | |
8.2 Charges and fees for deposit-type contracts | .................................0 | .................................0 | |
8.3 Aggregate write-ins for miscellaneous income | 287,120 | 7,914 | |
9. | Total (Lines 1 to 8.3) | 307,014,759 | 332,055,591 |
10. | Death benefits | ........................ 52,500 | .......................322,789 |
11. | Matured endowments (excluding guaranteed annual pure endowments) | .................................0 | .................................0 |
12. | Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1) | ................. 32,724,945 | ................. 33,974,434 |
13. | Disability benefits and benefits under accident and health contracts | ..........................3,906 | ..........................4,948 |
14. | Coupons, guaranteed annual pure endowments and similar benefits | .................................0 | .................................0 |
15. | Surrender benefits and withdrawals for life contracts | ................183,326,300 | ................143,115,482 |
16. | Group conversions | .................................0 | .................................0 |
17. | Interest and adjustments on contract or deposit-type contract funds | .....................(423,949) | .....................(159,367) |
18. | Payments on supplementary contracts with life contingencies | .................................0 | .................................0 |
19. | Increase in aggregate reserves for life and accident and health contracts | (101,977,043) | 90,879,230 |
20. | Totals (Lines 10 to 19) | 113,706,659 | ................268,137,516 |
21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part
2, Line 31, Col. 1) | 109,260,334 | 122,762,460 | |
22. | Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1) | 0 | 0 |
23. | General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6) | 25,060,357 | ................. 25,323,825 |
24. | Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5) | ...................1,220,944 | ................... 1,008,319 |
25. | Increase in loading on deferred and uncollected premiums | ........................ 18,993 | ..........................3,022 |
26. | Net transfers to or (from) Separate Accounts net of reinsurance | ................(53,767,151) | ................(29,846,681) |
27. | Aggregate write-ins for deductions | (624,344) | (1,339,755) |
28. | Totals (Lines 20 to 27) | 194,875,792 | 386,048,706 |
29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus
Line 28) | ................112,138,967 | (53,993,115) | |
30. | Dividends to policyholders and refunds to members | 0 | 0 |
31. | Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 | ||
minus Line 30) | ................112,138,967 | (53,993,115) | |
32. | Federal and foreign income taxes incurred (excluding tax on capital gains) | 20,594,070 | (961,196) |
33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before
realized capital gains or (losses) (Line 31 minus Line 32) | 91,544,897 | (53,031,919) | ||||
34. | Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of | |||||
$ | 0 (excluding taxes of $ | ......................................(185,495) transferred to the IMR) | (427,423) | (908,680) | ||
35. | Net income (Line 33 plus Line 34) | 91,117,474 | ................(53,940,599) | |||
CAPITAL AND SURPLUS ACCOUNT | ||||||
36. | ...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2) | 603,127,851 | 661,867,416 | |||
37. | Net income (Line 35) | 91,117,474 | ................(53,940,599) | |||
38. | .....................Change in net unrealized capital gains (losses) less capital gains tax of $ | 69,051 | .......................259,763 | .......................(97,778) | ||
39. | Change in net unrealized foreign exchange capital gain (loss) | .................................0 | .................................0 | |||
40. | Change in net deferred income tax | ................. 20,721,423 | .......................(70,595) | |||
41. | Change in nonadmitted assets | ................... 6,725,549 | ................. (2,392,568) | |||
42. | .............................................................................Change in liability for reinsurance in unauthorized and certified companies | .................................0 | .................................0 | |||
43. | ...............................................................Change in reserve on account of change in valuation basis, (increase) or decrease | .................................0 | .................................0 | |||
44. | ............................................................................................................................................Change in asset valuation reserve | ................. (1,266,392) | .....................(898,269) | |||
45. | Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1) | .................................0 | .................................0 | |||
46. | Surplus (contributed to) withdrawn from Separate Accounts during period | .................................0 | .................................0 | |||
47. | ......................................................................................................Other changes in surplus in Separate Accounts Statement | .................................0 | .................................0 | |||
48. | ............................................................................................................................................................Change in surplus notes | .................................0 | .................................0 | |||
49. | Cumulative effect of changes in accounting principles | .................................0 | .................................0 | |||
50. | Capital changes: | |||||
50.1 Paid in | .................................0 | .................................0 | ||||
50.2 Transferred from surplus (Stock Dividend) | .................................0 | .................................0 | ||||
.......................................................................................................................................................50.3 Transferred to surplus | .................................0 | .................................0 | ||||
51. | Surplus adjustment: | |||||
51.1 Paid in | .................................0 | .................................0 | ||||
51.2 Transferred to capital (Stock Dividend) | .................................0 | .................................0 | ||||
....................................................................................................................................................51.3 Transferred from capital | .................................0 | .................................0 | ||||
....................................................................................................................51.4 Change in surplus as a result of reinsurance | .....................(624,344) | ..................(1,339,757) | ||||
52. | .........................................................................................................................................................Dividends to stockholders | .................................0 | .................................0 | |||
53. | ..................................................................................................................Aggregate write-ins for gains and losses in surplus | 0 | 0 | |||
54. | Net change in capital and surplus for the year (Lines 37 through 53) | 116,933,474 | (58,739,566) | |||
55. | Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38) | 720,061,324 | 603,127,851 | |||
DETAILS OF WRITE-INS | ||||||
..............................................................................................................................................................................08.301. General account policy fees | 7,645 | ..........................7,914 | ||||
08.302. Miscellaneous income | 279,475 | .................................0 | ||||
08.303. | ........................................................................................................................................................................................................................................ | .................................... | ||||
08.398. Summary of remaining write-ins for Line 8.3 from overflow page | ............................................................................................. | .................................0 | .................................0 | |||
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above) | 287,120 | 7,914 | ||||
2701. | Reinsurance on in-forcebusiness | .....................(624,344) | ................. (1,339,755) |
2702 | .................................... | ||
2703 | .................................... | ||
2798. | Summary of remaining write-ins for Line 27 from overflow page | .................................0 | .................................0 |
2799. | Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above) | (624,344) | (1,339,755) |
5301 | .................................... |
5302 | .................................... | ||
5303 | .................................... | ||
5398. | Summary of remaining write-ins for Line 53 from overflow page | .................................0 | .................................0 |
5399. | Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above) | 0 | 0 |
4
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
CASH FLOW
Cash from Operations
1
Current Year
2
Prior Year
1. | .....................................................................................................................................Premiums collected net of reinsurance | ................. 74,592,873 | ................. 35,891,483 | ||
2. | ..............................................................................................................................................................Net investment income | ................. 47,402,325 | ................. 42,716,027 | ||
3. | ...............................................................................................................................................................Miscellaneous income | 162,452,576 | 170,987,142 | ||
4. | Total (Lines 1 through 3) | 284,447,774 | 249,594,652 | ||
5. | Benefit and loss related payments | ................301,032,657 | ................. 96,407,422 | ||
6. | .......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts | ..............(123,440,051) | ..............(118,658,468) | ||
7. | .....................................................................................Commissions, expenses paid and aggregate write-ins for deductions | ................134,447,759 | ................150,737,624 | ||
8. | .................................................................................................................................................Dividends paid to policyholders | .................................0 | .................................0 | ||
9. | .................................Federal and foreign income taxes paid (recovered) net of $ | 0 tax on capital gains (losses) | (1,317,799) | 50,559 | |
10. | Total (Lines 5 through 9) | 310,722,566 | 128,537,137 | ||
11. | Net cash from operations (Line 4 minus Line 10) | (26,274,792) | 121,057,515 | ||
Cash from Investments | |||||
12. | Proceeds from investments sold, matured or repaid: | ||||
12.1 | Bonds | ............... 121,455,000 | ................141,283,937 | ||
12.2 | Stocks | .................................0 | .................................0 | ||
12.3 | Mortgage loans | .................................0 | .................................0 | ||
12.4 | Real estate | .................................0 | .................................0 | ||
12.5 | Other invested assets | .................................0 | .................................0 | ||
12.6 | Net gains or (losses) on cash, cash equivalents and short-term investments | .................................................................. | .................................0 | ..........................2,931 | |
12.7 | Miscellaneous proceeds | 5,898,034 | 0 | ||
12.8 Total investment proceeds (Lines 12.1 to 12.7) | ................127,353,034 | ............... 141,286,868 | |||
13. | Cost of investments acquired (long-term only): | ||||
13.1 | Bonds | ............... 108,605,862 | ................244,161,497 | ||
13.2 | Stocks | .................................0 | .................................0 | ||
13.3 | Mortgage loans | .................................0 | .................................0 | ||
13.4 | Real estate | .................................0 | .................................0 | ||
13.5 | Other invested assets | .................................0 | .................................0 | ||
13.6 | Miscellaneous applications | 112,396 | 8,942,643 | ||
13.7 | Total investments acquired (Lines 13.1 to 13.6) | 108,718,258 | 253,104,140 | ||
14. | Net increase/(decrease) in contract loans and premium notes | 19,887 | 7,457 | ||
15. | Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14) | 18,614,889 | (111,824,729) | ||
Cash from Financing and Miscellaneous Sources | |||||
16. | Cash provided (applied): | ||||
16.1 | Surplus notes, capital notes | .................................0 | .................................0 | ||
................................................................................................................16.2 Capital and paid in surplus, less treasury stock | .................................0 | .................................0 | |||
.................................................................................................................................................................16.3 Borrowed funds | .................................0 | .................................0 | |||
..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities | ................. (6,171,353) | ................. (5,298,613) | |||
.................................................................................................................................................16.5 Dividends to stockholders | .................................0 | .................................0 | |||
16.6 Other cash provided (applied) | (12,248,114) | 6,996,495 | |||
17. | Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) | (18,419,467) | 1,697,882 | ||
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | |||||
18. | ........................................Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) | (26,079,370) | 10,930,668 | ||
19. | Cash, cash equivalents and short-term investments: | ||||
...............................................................................................................................................................19.1 Beginning of year | ................. 56,849,480 | ................. 45,918,813 | |||
19.2 End of year (Line 18 plus Line 19.1) | 30,770,110 | 56,849,480 |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Transfer | of debt securities for debt securities and / or equity securities | ................... 4,107,742 | ................... 5,697,879 |
20.0002. Non-cash | financial assets transferred to parent | .................................0 | ................. 61,375,399 |
5
6
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ||||
Other Lines of | YRT Mortality | |||||||||||
Total | Individual Life | Group Life | Individual Annuities | Group Annuities | Accident and Health | Fraternal | Business | Risk Only | ||||
1. | Premiums and annuity considerations for life and accident and health contracts | ................. 101,132,331 | ....................... 279,085 | ................................. 0 | .................100,843,246 | .........................10,000 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 |
2. | Considerations for supplementary contracts with life contingencies | ................................. 0 | ...............XXX | ...............XXX | ................................. 0 | ................................. 0 | ...............XXX | ...............XXX | ................................. | 0 | ...............XXX | |
3. | Net investment income | .................. 47,250,226 | ....................... 570,575 | ................................. 0 | .................. 36,434,521 | ...................10,245,130 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 |
4. | Amortization of Interest Maintenance Reserve (IMR) | ......................(183,423) | .........................(2,027) | ................................. 0 | (141,585) | (39,811) | 0 | ................................. | 0 | ................................. | 0 | 0 |
5. | Separate Accounts net gain from operations excluding unrealized gains or losses | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
6. | Commissions and expense allowances on reinsurance ceded | .................120,145,245 | .........................24,965 | ................................. 0 | .................120,120,280 | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
7. | Reserve adjustments on reinsurance ceded | ................................. 0 | ................................. 0 | ................................. 0 | 0 | 0 | 0 | ...............XXX | ................................. | 0 | 0 | |
8. | Miscellaneous Income: | |||||||||||
8.1 Income from fees associated with investment management, administration and | ||||||||||||
contract guarantees from Separate Accounts | .................. 38,383,260 | ......................... 36,941 | ................................. 0 | 38,346,319 | 0 | 0 | ...............XXX | ................................. | 0 | 0 | ||
8.2 Charges and fees for deposit-type contracts | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ...............XXX | ................................. | 0 | ................................. 0 | ||
8.3 Aggregate write-ins for miscellaneous income | 287,120 | 3,086 | 0 | 223,373 | 60,661 | 0 | 0 | 0 | 0 | |||
9. | Totals (Lines 1 to 8.3) | 307,014,759 | 912,625 | 0 | 295,826,154 | 10,275,980 | 0 | 0 | 0 | 0 | ||
10. | Death benefits | .........................52,500 | .........................52,500 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ...............XXX | ................................. | 0 | ................................. 0 | |
11. | Matured endowments (excluding guaranteed annual pure endowments) | ................................. 0 | ................................. 0 | ................................. 0 | 0 | 0 | ...............XXX | ...............XXX | ................................. | 0 | 0 | |
12. | Annuity benefits | .................. 32,724,945 | ...............XXX | ...............XXX | .................. 26,504,217 | ....................6,220,728 | ...............XXX | ...............XXX | ................................. | 0 | ...............XXX | |
13. | Disability benefits and benefits under accident and health contracts | ...........................3,906 | ...........................3,906 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
14. | Coupons, guaranteed annual pure endowments and similar benefits | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
15. | Surrender benefits and withdrawals for life contracts | .................183,326,300 | ................................. 0 | ................................. 0 | 162,940,785 | 20,385,515 | ...............XXX | ...............XXX | ................................. | 0 | 0 | |
16. | Group conversions | ................................. 0 | ................................. 0 | ................................. 0 | 0 | 0 | 0 | ...............XXX | ................................. | 0 | 0 | |
17. | Interest and adjustments on contract or deposit-type contract funds | ......................(423,949) | ..............................389 | ................................. 0 | ......................(595,713) | ....................... 171,375 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
18. | Payments on supplementary contracts with life contingencies | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ...............XXX | ................................. | 0 | ................................. 0 | |
19. | Increase in aggregate reserves for life and accident and health contracts | (101,977,043) | 1,141,330 | 0 | (82,195,627) | (20,922,746) | 0 | XXX | 0 | 0 | ||
20. | Totals (Lines 10 to 19) | .................113,706,659 | .................... 1,198,125 | ................................. 0 | .................106,653,662 | ....................5,854,872 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
21. | Commissions on premiums, annuity considerations and deposit-type contract funds | |||||||||||
(direct business only) | .................109,260,334 | ...........................4,461 | ................................. 0 | .................109,253,532 | ...........................2,341 | ................................. 0 | ................................. | 0 | ................................. | 0 | ...............XXX | |
22. | Commissions and expense allowances on reinsurance assumed | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
23. | General insurance expenses and fraternal expenses | .................. 25,060,357 | ....................... 276,736 | ................................. 0 | 24,291,384 | 492,237 | 0 | ................................. | 0 | ................................. | 0 | 0 |
24. | Insurance taxes, licenses and fees, excluding federal income taxes | .................... 1,220,944 | .........................44,786 | ................................. 0 | 918,018 | 258,140 | 0 | ................................. | 0 | ................................. | 0 | 0 |
25. | Increase in loading on deferred and uncollected premiums | ......................... 18,993 | ......................... 18,993 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
26. | Net transfers to or (from) Separate Accounts net of reinsurance | .................(53,767,151) | .........................28,378 | ................................. 0 | .................(53,795,529) | ................................. 0 | ................................. 0 | ...............XXX | ................................. | 0 | ................................. 0 | |
27. | Aggregate write-ins for deductions | (624,344) | 0 | 0 | (624,344) | 0 | 0 | 0 | 0 | 0 | ||
28. | Totals (Lines 20 to 27) | 194,875,792 | 1,571,479 | 0 | 186,696,723 | 6,607,590 | 0 | 0 | 0 | 0 | ||
29. | Net gain from operations before dividends to policyholders, refunds to members and | |||||||||||
federal income taxes (Line 9 minus Line 28) | .................112,138,967 | ......................(658,854) | ................................. 0 | ................. 109,129,431 | .................... 3,668,390 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 | |
30. | Dividends to policyholders and refunds to members | 0 | 0 | 0 | 0 | 0 | 0 | XXX | 0 | 0 | ||
31. | Net gain from operations after dividends to policyholders, refunds to members and | |||||||||||
before federal income taxes (Line 29 minus Line 30) | .................112,138,967 | ......................(658,854) | ................................. 0 | ................. 109,129,431 | .................... 3,668,390 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 | |
32. | Federal income taxes incurred (excluding tax on capital gains) | 20,594,070 | (138,356) | 0 | 19,962,066 | 770,360 | 0 | 0 | 0 | 0 | ||
33. | Net gain from operations after dividends to policyholders, refunds to members and | |||||||||||
federal income taxes and before realized capital gains or (losses) (Line 31 minus | ||||||||||||
Line 32) | 91,544,897 | (520,498) | 0 | 89,167,365 | 2,898,030 | 0 | 0 | 0 | 0 | |||
34. | Policies/certificates in force end of year | 92,263 | 331 | 0 | 88,640 | 3,292 | 0 | XXX | 0 | 0 | ||
DETAILS OF WRITE-INS | ||||||||||||
..............................................................................................08.301. Miscellaneous income | ....................... 279,475 | .......................... 3,086 | ................................. 0 | ....................... 215,728 | .........................60,661 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 | |
..................................................................................08.302. General account policy fees | ...........................7,645 | ................................. 0 | ................................. 0 | ...........................7,645 | ................................. 0 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 | |
.08.303 | ................................................................................................................................ | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | ||
08.398. Summary of remaining write-ins for Line 8.3 from overflow page | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 | |
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above) | 287,120 | 3,086 | 0 | 223,373 | 60,661 | 0 | 0 | 0 | 0 | |||
2701. | Reinsurance on in-forcebusiness | ......................(624,344) | ................................. 0 | ................................. 0 | ......................(624,344) | ................................. 0 | ................................. 0 | ................................. | 0 | ................................. | 0 | ................................. 0 |
2702 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | |||
2703 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | |||
2798. | Summary of remaining write-ins for Line 27 from overflow page | ................................. 0 | ................................. 0 | ................................. 0 | 0 | 0 | 0 | ................................. | 0 | ................................. | 0 | 0 |
2799. | Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above) | (624,344) | 0 | 0 | (624,344) | 0 | 0 | 0 | 0 | 0 |
6.1
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | ||
Universal Life | |||||||||||||
With Secondary | Variable | Credit Life | Other Individual | YRT Mortality | |||||||||
Total | Industrial Life | Whole Life | Term Life | Indexed Life | Universal Life | Guarantees | Variable Life | Universal Life | (c) | Life | Risk Only | ||
1. | Premiums for life contracts (a) | ................. 279,085 | 0 | .................. 11,167 | .................. 76,877 | ..........................0 | ..........................0 | .................162,094 | ..........................0 | .................. 28,947 | ..........................0 | ..........................0 | ..........................0 |
2. | Considerations for supplementary contracts with life contingencies | ...........XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
3. | Net investment income | ................. 570,575 | ..........................0 | ..........................0 | .................. 41,004 | ..........................0 | ..........................0 | ................. 520,508 | ..........................0 | ....................9,063 | ..........................0 | ..........................0 | ..........................0 |
4. | Amortization of Interest Maintenance Reserve (IMR) | .................. (2,027) | ..........................0 | ..........................0 | .......................(98) | ..........................0 | ..........................0 | .................. (1,909) | 0 | .......................(20) | ..........................0 | ..........................0 | ..........................0 |
5. Separate Accounts net gain from operations excluding unrealized gains or
losses | ..........................0 | 0 | 0 | ..........................0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
6. | Commissions and expense allowances on reinsurance ceded | .................. 24,965 | 0 | 0 | .................. 24,965 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
7. | Reserve adjustments on reinsurance ceded | ..........................0 | 0 | 0 | ..........................0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
8. Miscellaneous Income:
8.1 Income from fees associated with investment management, | |||||||||||||
administration and contract guarantees from Separate Accounts | .................. 36,941 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | 0 | .................. 36,941 | ..........................0 | ..........................0 | ..........................0 | |
8.2 Charges and fees for deposit-type contracts | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | |
8.3 Aggregate write-ins for miscellaneous income | 3,086 | 0 | 85 | 145 | 0 | 0 | 2,826 | 0 | 30 | 0 | 0 | 0 | |
9. | Totals (Lines 1 to 8.3) | 912,625 | 0 | 11,252 | 142,893 | 0 | 0 | 683,519 | 0 | 74,961 | 0 | 0 | 0 |
10. | Death benefits | ...................52,500 | 0 | .................... 2,500 | ...................50,000 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
11. | .....Matured endowments (excluding guaranteed annual pure endowments) | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
12. | ..................................................................................Annuity benefits | ...........XXX | .......................XXX | .......................XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
13. | ...........Disability benefits and benefits under accident and health contracts | ....................3,906 | 0 | ..........................0 | ....................2,234 | ..........................0 | ..........................0 | ....................1,672 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
14. | ..........Coupons, guaranteed annual pure endowments and similar benefits | ..........................0 | 0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
15. | Surrender benefits and withdrawals for life contracts | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
16. | Group conversions | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
17. | ...........Interest and adjustments on contract or deposit-type contract funds | .......................389 | 0 | ..........................5 | ........................ 39 | ..........................0 | ..........................0 | .......................345 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
18. | Payments on supplementary contracts with life contingencies | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 |
19. | Increase in aggregate reserves for life and accident and health contracts ... | 1,141,330 | 0 | 18,878 | (42,508) | 0 | 0 | 1,164,275 | 0 | 685 | 0 | 0 | 0 |
20. | Totals (Lines 10 to 19) | ..............1,198,125 | 0 | .................. 21,383 | ....................9,765 | ..........................0 | ..........................0 | .............. 1,166,292 | ..........................0 | .......................685 | ..........................0 | ..........................0 | ..........................0 |
21. Commissions on premiums, annuity considerations and deposit-type
contract funds (direct business only) | 4,461 | 0 | 329 | (1) | 0 | .......................... | 0 | 2,868 | 0 | 1,265 | 0 | 0 | ...........XXX | ||||||||||||||||||||||
22. | Commissions and expense allowances on reinsurance assumed | 0 | 0 | 0 | 0 | 0 | .......................... | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
23. | General insurance expenses | 0 | 7,611 | 13,014 | 0 | .......................... | 0 | 253,630 | 0 | 2,481 | 0 | 0 | 0 | ||||||||||||||||||||||
276,736 | |||||||||||||||||||||||||||||||||||
24. | Insurance taxes, licenses and fees, excluding federal income taxes | ..........................0 | ..........................0 | .................. 17,911 | ..........................0 | .......................... | 0 | .................. 24,301 | 0 | ....................2,574 | ..........................0 | ..........................0 | ..........................0 | ||||||||||||||||||||||
.................. 44,786 | |||||||||||||||||||||||||||||||||||
25. | Increase in loading on deferred and uncollected premiums | 0 | .......................... | 0 | ..........................0 | ||||||||||||||||||||||||||||||
.................. 18,993 | ..........................0 | .................. 18,993 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | |||||||||||||||||||||||||||
26. | Net transfers to or (from) Separate Accounts net of reinsurance | .................. 28,378 | 0 | ..........................0 | ..........................0 | ..........................0 | .......................... | 0 | ..........................0 | ..........................0 | .................. 28,378 | ..........................0 | ..........................0 | ..........................0 | |||||||||||||||||||||
27. | Aggregate write-insfor deductions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
28. | Totals (Lines 20 to 27) | 1,571,479 | 0 | 29,323 | 59,682 | 0 | 0 | 1,447,091 | 0 | 35,383 | 0 | 0 | 0 | ||||||||||||||||||||||
29. | Net gain from operations before dividends to policyholders, refunds to | ||||||||||||||||||||||||||||||||||
members and federal income taxes (Line 9 minus Line 28) | ................(658,854) | 0 | .................(18,071) | .................. 83,211 | ..........................0 | .......................... | 0 | ............... (763,572) | ..........................0 | .................. 39,578 | ..........................0 | ..........................0 | ..........................0 | ||||||||||||||||||||||
30. | Dividends to policyholders and refunds to members | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
31. | Net gain from operations after dividends to policyholders, refunds to | ||||||||||||||||||||||||||||||||||
members and before federal income taxes (Line 29 minus Line 30) | ................(658,854) | 0 | .................(18,071) | .................. 83,211 | ..........................0 | .......................... | 0 | ............... (763,572) | ..........................0 | .................. 39,578 | ..........................0 | ..........................0 | ..........................0 | ||||||||||||||||||||||
32. | Federal income taxes incurred (excluding tax on capital gains) | (138,356) | 0 | (3,793) | 17,475 | 0 | 0 | (160,349) | 0 | 8,311 | 0 | 0 | 0 | ||||||||||||||||||||||
33. | Net gain from operations after dividends to policyholders, refunds to | ||||||||||||||||||||||||||||||||||
members and federal income taxes and before realized capital gains or | |||||||||||||||||||||||||||||||||||
(losses) (Line 31 minus Line 32) | (520,498) | 0 | (14,278) | 65,736 | 0 | 0 | (603,223) | 0 | 31,267 | 0 | 0 | 0 | |||||||||||||||||||||||
34. | Policies/certificates in force end of year | 331 | 0 | 13 | 171 | 0 | 0 | 134 | 0 | 13 | 0 | 0 | 0 | ||||||||||||||||||||||
DETAILS OF WRITE-INS | |||||||||||||||||||||||||||||||||||
08.301. | Miscellaneous income | ....................3,086 | ..........................0 | ........................ 85 | .......................145 | ..........................0 | .......................... | 0 | .................... 2,826 | 0 | ........................ 30 | ..........................0 | ..........................0 | ..........................0 | |||||||||||||||||||||
08.302. | ......................................................................................................... | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ||||||||||||||||||||||
08.303. | ......................................................................................................... | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ||||||||||||||||||||||
08.398. Summary of remaining write-ins for Line 8.3 from overflow page | ..........................0 | 0 | ..........................0 | ..........................0 | ..........................0 | .......................... | 0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ||||||||||||||||||||||
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above) | 3,086 | 0 | 85 | 145 | 0 | 0 | 2,826 | 0 | 30 | 0 | 0 | 0 | |||||||||||||||||||||||
2701 | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | |||||||||||||||||||||||
2702 | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | |||||||||||||||||||||||
2703 | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | ............................. | |||||||||||||||||||||||
2798. | Summary of remaining write-ins for Line 27 from overflow page | .......................... | 0 | ||||||||||||||||||||||||||||||||
..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | 0 | ..........................0 | ..........................0 | ..........................0 | ..........................0 | |||||||||||||||||||||||||
2799. | Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
(a) Include premium amounts for preneed plans included in Line 1 | 0 | ||||||||||||||||||||||||||||||||||
(b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. | ...................................................................................................................................................................................... | ||||||||||||||||||||||||||||||||||
(c) Individual and Group Credit Life are combined and included on | page. (Indicate whether included with Individual or Group.) |
6.2
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ||
Variable Universal | Credit Life | Other Group Life | YRT Mortality | |||||||
Total | Whole Life | Term Life | Universal Life | Variable Life | Life | (d) | (a) | Risk Only | ||
1. | Premiums for life contracts (b) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2. | Considerations for supplementary contracts with life contingencies | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX |
3. | Net investment income | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
4. | Amortization of Interest Maintenance Reserve (IMR) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
5. | Separate Accounts net gain from operations excluding unrealized gains or losses | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
6. | Commissions and expense allowances on reinsurance ceded | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
7. | Reserve adjustments on reinsurance ceded | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
8. | Miscellaneous Income: | |||||||||
8.1 Income from fees associated with investment management, administration and contract | ||||||||||
guarantees from Separate Accounts | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |
8.2 Charges and fees for deposit-type contracts | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |
8.3 Aggregate write-ins for miscellaneous income | ||||||||||
9. | Totals (Lines 1 to 8.3) | |||||||||
10. | Death benefits | |||||||||
................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
11. | Matured endowments (excluding guaranteed annual pure endowments) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
12. | Annuity benefits | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ...............XXX |
13. | Disability benefits and benefits under accident and health contracts | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
14. | Coupons, guaranteed annual pure endowments and similar benefits | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15. | Surrender benefits and withdrawals for life contracts | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
16. | Group conversions | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
17. | Interest and adjustments on contract or deposit-type contract funds | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
18. | Payments on supplementary contracts with life contingencies | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
19. | Increase in aggregate reserves for life and accident and health contracts | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
20. | Totals (Lines 10 to 19) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct
business only) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ...............XXX | |||
22. | .........................................Commissions and expense allowances on reinsurance assumed | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
23. | General insurance expenses | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
24. | ....................................Insurance taxes, licenses and fees, excluding federal income taxes | ................................... | ................................... ...................................NONE | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
25. | ..................................................Increase in loading on deferred and uncollected premiums | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
26. | ............................................Net transfers to or (from) Separate Accounts net of reinsurance | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
27. | Aggregate write-ins for deductions | |||||||||||
28. | Totals (Lines 20 to 27) | |||||||||||
29. | Net gain from operations before dividends to policyholders, refunds to members and federal | |||||||||||
income taxes (Line 9 minus Line 28) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
30. | Dividends to policyholders and refunds to members | |||||||||||
31. | Net gain from operations after dividends to policyholders, refunds to members and before | |||||||||||
federal income taxes (Line 29 minus Line 30) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
32. | Federal income taxes incurred (excluding tax on capital gains) | |||||||||||
33. | Net gain from operations after dividends to policyholders, refunds to members and federal | |||||||||||
income taxes and before realized capital gains or (losses) (Line 31 minus Line 32) | ||||||||||||
34. | Policies/certificates in force end of year | |||||||||||
DETAILS OF WRITE-INS | ||||||||||||
.08.301 | .......................................................................................................................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
.08.302 | .......................................................................................................................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
.08.303 | .......................................................................................................................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above) | ||||||||||||
2701 | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
2702 | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
2703 | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
2798. | ..........................................Summary of remaining write-ins for Line 27 from overflow page | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
2799. | Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above) | |||||||||||
(a) Includes the following amounts for FEGLI/SGLI: | Line 1 | , Line 10 | , Line 16 | , Line 23 | , Line 24 |
- Include premium amounts for preneed plans included in Line 1 .............................
- Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. .......................................................................................................................................................................................
(d) Individual and Group Credit Life are combined and included on | page. (Indicate whether included with Individual or Group.) |
6.3
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE JACKSON NATIONAL LIFE INSURANCE CO. OF NEW YORK
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a)
1 | Deferred | 6 | 7 | |||||
2 | 3 | 4 | 5 | Life Contingent | ||||
Variable Annuities | Variable Annuities | Payout (Immediate | ||||||
Total | Fixed Annuities | Indexed Annuities | with Guarantees | Without Guarantees | and Annuitizations) | Other Annuities | ||
1. | Premiums for individual annuity contracts | .................100,843,246 | .................. 21,052,307 | ................................. 0 | .................. 65,742,872 | .................. 13,821,277 | ....................... 226,790 | ................................. 0 |
2. | Considerations for supplementary contracts with life contingencies | ................................. 0 | ...............XXX | ...............XXX | ...............XXX | ...............XXX | ................................. 0 | ...............XXX |
3. | Net investment income | .................. 36,434,521 | ...................15,956,209 | ................................. 0 | .................. 15,822,944 | ....................... 866,795 | ....................3,788,573 | ................................. 0 |
4. | Amortization of Interest Maintenance Reserve (IMR) | ......................(141,585) | (62,319) | 0 | (66,150) | (3,607) | ......................... (9,509) | 0 |
5. | Separate Accounts net gain from operations excluding unrealized gains or losses | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
6. | Commissions and expense allowances on reinsurance ceded | .................120,120,280 | ................................. 0 | ................................. 0 | ................. 100,939,927 | ...................19,180,353 | ................................. 0 | ................................. 0 |
7. | Reserve adjustments on reinsurance ceded | ................................. 0 | 0 | 0 | 0 | 0 | ................................. 0 | 0 |
8. | Miscellaneous Income: | |||||||
8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts | .................. 38,346,319 | ................................. 0 | ................................. 0 | .................. 38,331,034 | .........................15,285 | ................................. 0 | ................................. 0 | |
8.2 Charges and fees for deposit-type contracts | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | |
8.3 Aggregate write-ins for miscellaneous income | 223,372 | 94,952 | 0 | 108,002 | 5,930 | 14,488 | 0 | |
9. | Totals (Lines 1 to 8.3) | 295,826,153 | 37,041,149 | 0 | 220,878,629 | 33,886,033 | 4,020,342 | 0 |
10. | Death benefits | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
................................. 0 | ||||||||
11. | Matured endowments (excluding guaranteed annual pure endowments) | ................................. 0 | 0 | 0 | 0 | 0 | 0 | |
12. | Annuity benefits | .................. 26,504,217 | ....................... 996,972 | ................................. 0 | ...................16,211,109 | .................... 3,482,169 | .................... 5,813,967 | ................................. 0 |
13. | Disability benefits and benefits under accident and health contracts | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
14. | Coupons, guaranteed annual pure endowments and similar benefits | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
15. | Surrender benefits and withdrawals for life contracts | .................162,940,785 | 28,052,418 | 0 | 115,945,201 | 18,943,166 | ................................. 0 | 0 |
16. | Group conversions | ................................. 0 | 0 | 0 | 0 | 0 | ................................. 0 | 0 |
17. | Interest and adjustments on contract or deposit-type contract funds | ......................(595,713) | ......................(244,013) | ................................. 0 | ......................(642,960) | ..............................536 | ....................... 290,724 | ................................. 0 |
18. | Payments on supplementary contracts with life contingencies | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
19. | Increase in aggregate reserves for life and accident and health contracts | (82,195,627) | (6,359,094) | 0 | (79,236,564) | (1,273,440) | 4,673,471 | 0 |
20. | Totals (Lines 10 to 19) | .................106,653,662 | .................. 22,446,283 | ................................. 0 | .................. 52,276,786 | ...................21,152,431 | .................. 10,778,162 | ................................. 0 |
21. | Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) | .................109,253,532 | ....................... 601,477 | ................................. 0 | .................102,083,083 | .................... 6,568,972 | ................................. 0 | ................................. 0 |
22. | Commissions and expense allowances on reinsurance assumed | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
23. | General insurance expenses | .................. 24,291,384 | 693,015 | 0 | 19,825,140 | 3,667,486 | ....................... 105,743 | 0 |
24. | Insurance taxes, licenses and fees, excluding federal income taxes | ....................... 918,018 | 34,083 | 0 | 745,201 | 133,534 | ...........................5,200 | 0 |
25. | Increase in loading on deferred and uncollected premiums | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
26. | Net transfers to or (from) Separate Accounts net of reinsurance | .................(53,795,529) | ................................. 0 | ................................. 0 | .................(46,524,290) | ...................(7,271,239) | ................................. 0 | ................................. 0 |
27. | Aggregate write-ins for deductions | (624,344) | 0 | 0 | (624,344) | 0 | 0 | 0 |
28. | Totals (Lines 20 to 27) | 186,696,723 | 23,774,858 | 0 | 127,781,576 | 24,251,184 | 10,889,105 | 0 |
29. | Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) | ................. 109,129,430 | ...................13,266,291 | ................................. 0 | ...................93,097,053 | .................... 9,634,849 | .................. (6,868,763) | ................................. 0 |
30. | Dividends to policyholders and refunds to members | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
31. | Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) . | ................. 109,129,430 | ...................13,266,291 | ................................. 0 | ...................93,097,053 | .................... 9,634,849 | .................. (6,868,763) | ................................. 0 |
32. | Federal income taxes incurred (excluding tax on capital gains) | 19,962,066 | 2,426,684 | 0 | 17,029,408 | 1,762,416 | (1,256,442) | 0 |
33. | Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital | |||||||
gains or (losses) (Line 31 minus Line 32) | 89,167,364 | 10,839,607 | 0 | 76,067,645 | 7,872,433 | (5,612,321) | 0 | |
34. | Policies/certificates in force end of year | 88,640 | 1,835 | 0 | 73,637 | 12,971 | 197 | 0 |
DETAILS OF WRITE-INS | ||||||||
08.301. General account policy fees | ...........................7,644 | 0 | 0 | 7,210 | 434 | ................................. 0 | 0 | |
08.302. Miscellaneous income | ....................... 215,728 | 94,952 | 0 | 100,792 | 5,496 | .........................14,488 | 0 | |
.08.303 | .......................................................................................................................................................................................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... |
08.398. Summary of remaining write-ins for Line 8.3 from overflow page | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | |
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above) | 223,372 | 94,952 | 0 | 108,002 | 5,930 | 14,488 | 0 | |
2701. | Reinsurance on in-forcebusiness | ......................(624,344) | ................................. 0 | ................................. 0 | ......................(624,344) | ................................. 0 | ................................. 0 | ................................. 0 |
2702. | ........................................................................................................................................................................................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... | |||||||
2703. | ........................................................................................................................................................................................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... |
2798. | Summary of remaining write-ins for Line 27 from overflow page | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 | ................................. 0 |
2799. | Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above) | (624,344) | 0 | 0 | (624,344) | 0 | 0 | 0 |
(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which which columns are affected. | ............................................................................................................................................................................ |
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Disclaimer
Jackson Financial Inc. published this content on 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2024 17:13:42 UTC.
