Jackson Posts 80% Growth in RILA Sales
February 26, 2024 by Allison Bell
Jackson Financial increased sales of its 2-year-old registered index-linked annuity product 80% between the fourth quarter of 2022 and the fourth quarter of 2023, to $1 billion.
Laura Prieskorn, the Lansing, Michigan-based annuity issuer’s CEO, told securities analysts Thursday during a conference call that the new RILA products do more than help diversify the company’s sales and attract cash.
“RILAs also contribute to hedging efficiency,” Prieskorn said.
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Originally Posted at Think Advisor on February 22, 2024 by Allison Bell.
Categories: Industry Articles