Lansing-based Jackson National Life Insurance Company set a company record for the first half of 2008, recording $7.6 billion in total sales and deposits. This represents a two percent up-tick from the first half of 2007.
"Product diversification, and efforts in recent years to further diversify our product offering with the launch of Curian Capital and retail mutual funds, were keys to Jackson's sales success during the first half of 2008," says Clark Manning, Jackson's president and CEO.
Jackson's subsidiary, Curian Capital, recorded $668 million in deposits during the first half of 2008, up from $624 million in 2007.
Manning also attributed a 26 percent increase in institutional product sales and a 121 percent increase in sales of traditional fixed annuities to the two percent growth in total sales and deposits.
Source: Tim Padot, Jackson National
Ivy Hughes, development news editor, can be reached here.
All Photographs © Dave Trumpie
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