Jackson National pivoting away from struggling variable annuities
March 7, 2023 by John Hilton
Jackson National continued its necessary pivot away from the variable annuities during a dicey fourth quarter for the market leader.
VA sales are in a steady slide amid the struggles of the equity markets. Jackson annually ranks No. 1 in VA sales, according to LIMRA sales statistics. But sales are sliding and Jackson President and CEO Laura Prieskorn presented two shifts the insurer is progressing with during a conference call today with analysts: