Lansing-based insurance provider, Jackson National Life, generated $3.5 billion in total sales and deposits, including $2.7 billion in retail sales and deposits during the first quarter of 2008.
This is the company’s second highest first quarter sales and deposits total. In 2007, Jackson National Life broke its first quarter sales and deposits record when it hit $3.7 billion in sales and deposits.
“It's a testament to the resiliency of Jackson's business model that we were able to 
generate this level of sales despite volatile equity markets and a deteriorating macroeconomic environment,” says Clark Manning, Jackson’s president and chief executive officer.
Manning says the company’s diverse retirement portfolio has helped elevate sales and deposits.
"Jackson remains committed to writing profitable business,” Manning says. “As the nation's Baby Boomers move into retirement over the next 10 to 20 years, Jackson is well-positioned to seize the tremendous opportunities created by this retirement wave and deliver long-term, profitable sales growth."
Jackson National Life continues to expand its market and increase its profits. From 2006 to 2007, the company saw its Generally Accepted Accounting Principles (GAAP) sales increase 22 percent.
Source: Kim Isaacson, Jackson National Life
Ivy Hughes, development news editor, can be reached here.
All Photographs © Dave Trumpie
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