We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Jackson Books ‘Record’ Profits in Year’s First Half

    August 15, 2017 by Greg Shulas

    Jackson National reaped record profits for the year’s first half, compared to previous reporting periods, and also registered a record in assets under management. That’s according to a mid-year update issued by the Lansing, Mich.-based life insurer.

    In 2017’s opening six months, Jackson booked $1.4 billion in IFRS pre-tax operating income, an uptick of 7% compared to last year’s first half. IFRS refers to the London-based International Financial Reporting Standards, the accounting guidelines that Jackson’s U.K.-based parent, Prudential plc, uses in its financial statements.

    Further, Jackson boasted sales and deposits of $12.1 billion for the year’s opening half, representing a 8% increase from the previous reporting period. An additional highlight was Jackson hitting a record in separate account assets under management, as the total hit a high-water mark of $162 billion in AUM.

    Barry Stowe, chair and CEO of Prudential plc’s North American business, says in a press statement that the results were primarily sparked by solid variable annuity net flows and the growth from the separate account asset base.

    “During the first half of the year, our disciplined approach to business produced excellent results, even amid a disruptive industry environment,” Stowe says in the release. “Our consistent performance allowed Jackson to remit a $600 million dividend to our parent company while continuing to have a strong capital position.”

    Jackson’s release comes as its affiliate business units within Prudential plc have been in the news.

    InvestmentNews has reported that LPL Financial is considering a strategy to buy four broker-dealers in the National Planning Holdings network, a sister business of Jackson National. Such an acquisition would help LPL hit earnings growth in 2018 of 20%, states Nomura Securities analyst Steven Chuback in the InvestmentNews article. Chuback estimates National Planning Holdings to have a value of $750 million.

    If LPL Financial Holdings Inc. acquires the four broker-dealers in the National Planning Holdings’ network, the largest independent contractor broker-dealer could see earnings growth next year of 20%, according to Chubak.

    Executives at LPL and Jackson had no comment to InvestmentNews about the potential transaction.

    Additionally, Prudential plc is reported to be in talks to sell its U.K. annuity business, according to the Financial Times. This movement comes amid a larger push by shareholders to break up parts of Jackson’s parent company.

    Originally Posted at Life Annuity Specialist on August 11, 2017 by Greg Shulas.

    Categories: Industry Articles
    currency