Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
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December 31, 2023 |
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| JNL Aggressive Growth Allocation Fund - Class A |
| JNL Conservative Allocation Fund - Class A |
| JNL Growth Allocation Fund - Class A |
| JNL iShares Tactical Growth Fund - Class A |
| JNL iShares Tactical Moderate Fund - Class A |
| JNL iShares Tactical Moderate Growth Fund - Class A |
| JNL Moderate Allocation Fund - Class A |
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Assets |
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Investments in Funds, at fair value | $ | — |
| $ | 83,071 |
| $ | 91,545 |
| $ | — |
| $ | — |
| $ | — |
| $ | 354,985 |
| ||
Receivables: |
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| Investments in Fund shares sold |
| — |
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| 3 |
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| 4 |
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| — |
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| — |
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| — |
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| 15 |
| |
| Investment Division units sold |
| — |
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| — |
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| — |
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| — |
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| — |
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| — |
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| — |
| |
Total assets |
| — |
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| 83,074 |
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| 91,549 |
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| — |
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| — |
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| — |
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| 355,000 |
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Liabilities |
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Payables: |
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| Investments in Fund shares purchased |
| — |
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| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| — |
|
| 3 |
|
| 4 |
|
| — |
|
| — |
|
| — |
|
| 15 |
| |
Total liabilities |
| — |
|
| 3 |
|
| 4 |
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| — |
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| — |
|
| — |
|
| 15 |
| ||
Net assets | $ | — |
| $ | 83,071 |
| $ | 91,545 |
| $ | — |
| $ | — |
| $ | — |
| $ | 354,985 |
| ||
Maximum Unit Value |
| N/A |
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| 11.977854 |
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| 19.060707 |
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| N/A |
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| N/A |
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| N/A |
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| 16.035667 |
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Minimum Unit Value |
| N/A |
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| N/A |
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| 18.582392 |
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| N/A |
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| N/A |
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| N/A |
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| 15.885892 |
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Investments in Funds, shares outstanding |
| — |
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| 6,081 |
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| 4,851 |
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| — |
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| — |
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| — |
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| 21,514 |
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Investments in Funds, at cost | $ | — |
| $ | 75,223 |
| $ | 70,935 |
| $ | — |
| $ | — |
| $ | — |
| $ | 296,650 |
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Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
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For the Year Ended December 31, 2023 |
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| JNL Aggressive Growth Allocation Fund - Class A |
| JNL Conservative Allocation Fund - Class A |
| JNL Growth Allocation Fund - Class A |
| JNL iShares Tactical Growth Fund - Class A |
| JNL iShares Tactical Moderate Fund - Class A |
| JNL iShares Tactical Moderate Growth Fund - Class A |
| JNL Moderate Allocation Fund - Class A |
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Investment Income |
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Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
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Expenses |
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| Asset-based charges |
| — |
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| 2,875 |
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| 1,347 |
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| — |
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| 891 |
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| — |
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| 6,097 |
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Total expenses |
| — |
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| 2,875 |
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| 1,347 |
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| — |
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| 891 |
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| — |
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| 6,097 |
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Net investment income (loss) |
| — |
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| (2,875 | ) |
| (1,347 | ) |
| — |
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| (891 | ) |
| — |
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| (6,097 | ) | ||
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Realized and unrealized gain (loss) |
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Net realized gain (loss) on: |
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| Distributions from Funds |
| — |
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| — |
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| — |
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| — |
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| — |
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| — |
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| — |
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| Sales of investments in Funds |
| — |
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| 12,158 |
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| 643 |
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| — |
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| (7,135 | ) |
| — |
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| 21,285 |
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Net change in unrealized appreciation |
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| (depreciation) on investments in Funds |
| — |
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| 4,784 |
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| 12,575 |
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| — |
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| 12,521 |
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| — |
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| 26,229 |
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Net realized and unrealized gain (loss) |
| — |
|
| 16,942 |
|
| 13,218 |
|
| — |
|
| 5,386 |
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| — |
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| 47,514 |
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Net change in net assets |
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| from operations | $ | — |
| $ | 14,067 |
| $ | 11,871 |
| $ | — |
| $ | 4,495 |
| $ | — |
| $ | 41,417 |
| |
See Notes to the Financial Statements.
1
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
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December 31, 2023 |
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| JNL Moderate Growth Allocation Fund - Class A |
| JNL Multi-Manager Alternative Fund - Class A |
| JNL Multi-Manager Emerging Markets Equity Fund - Class A |
| JNL Multi-Manager International Small Cap Fund - Class A |
| JNL Multi-Manager Mid Cap Fund - Class A |
| JNL Multi-Manager Small Cap Growth Fund - Class A |
| JNL Multi-Manager Small Cap Value Fund - Class A |
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Assets |
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Investments in Funds, at fair value | $ | 20,282 |
| $ | 27,653 |
| $ | 63,642 |
| $ | 63,336 |
| $ | 63,001 |
| $ | 57,964 |
| $ | 409,333 |
| ||
Receivables: |
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|
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|
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|
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|
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|
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| Investments in Fund shares sold |
| 1 |
|
| 1 |
|
| 3 |
|
| 3 |
|
| 3 |
|
| 2 |
|
| 17 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 20,283 |
|
| 27,654 |
|
| 63,645 |
|
| 63,339 |
|
| 63,004 |
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| 57,966 |
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| 409,350 |
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Liabilities |
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Payables: |
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| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 1 |
|
| 1 |
|
| 3 |
|
| 3 |
|
| 3 |
|
| 2 |
|
| 17 |
| |
Total liabilities |
| 1 |
|
| 1 |
|
| 3 |
|
| 3 |
|
| 3 |
|
| 2 |
|
| 17 |
| ||
Net assets | $ | 20,282 |
| $ | 27,653 |
| $ | 63,642 |
| $ | 63,336 |
| $ | 63,001 |
| $ | 57,964 |
| $ | 409,333 |
| ||
Maximum Unit Value |
| 17.669331 |
|
| 10.499180 |
|
| 11.959632 |
|
| 12.781923 |
|
| 18.002115 |
|
| 41.219877 |
|
| 27.803972 |
| ||
Minimum Unit Value |
| N/A |
|
| N/A |
|
| 11.646787 |
|
| 12.679110 |
|
| 17.806348 |
|
| 40.022859 |
|
| 27.525484 |
| ||
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|
Investments in Funds, shares outstanding |
| 1,113 |
|
| 2,348 |
|
| 7,532 |
|
| 5,789 |
|
| 3,325 |
|
| 1,498 |
|
| 20,810 |
| ||
Investments in Funds, at cost | $ | 15,085 |
| $ | 26,114 |
| $ | 74,183 |
| $ | 74,637 |
| $ | 54,304 |
| $ | 60,808 |
| $ | 342,212 |
| ||
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Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
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For the Year Ended December 31, 2023 |
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|
| JNL Moderate Growth Allocation Fund - Class A |
| JNL Multi-Manager Alternative Fund - Class A |
| JNL Multi-Manager Emerging Markets Equity Fund - Class A |
| JNL Multi-Manager International Small Cap Fund - Class A |
| JNL Multi-Manager Mid Cap Fund - Class A |
| JNL Multi-Manager Small Cap Growth Fund - Class A |
| JNL Multi-Manager Small Cap Value Fund - Class A |
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Investment Income |
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|
|
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|
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|
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Dividends | $ | — |
| $ | — |
| $ | 894 |
| $ | 1,667 |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
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|
|
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|
|
|
|
|
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|
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| Asset-based charges |
| 411 |
|
| 298 |
|
| 1,143 |
|
| 880 |
|
| 1,802 |
|
| 1,544 |
|
| 6,205 |
| |
Total expenses |
| 411 |
|
| 298 |
|
| 1,143 |
|
| 880 |
|
| 1,802 |
|
| 1,544 |
|
| 6,205 |
| ||
Net investment income (loss) |
| (411 | ) |
| (298 | ) |
| (249 | ) |
| 787 |
|
| (1,802 | ) |
| (1,544 | ) |
| (6,205 | ) | ||
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Realized and unrealized gain (loss) |
|
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|
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Net realized gain (loss) on: |
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|
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|
|
|
|
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| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 3,207 |
|
| (3 | ) |
| (4,631 | ) |
| (1,118 | ) |
| 7,343 |
|
| (11,392 | ) |
| 4,984 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 22 |
|
| 1,540 |
|
| 10,300 |
|
| 10,493 |
|
| 2,024 |
|
| 30,795 |
|
| 71,655 |
| |
Net realized and unrealized gain (loss) |
| 3,229 |
|
| 1,537 |
|
| 5,669 |
|
| 9,375 |
|
| 9,367 |
|
| 19,403 |
|
| 76,639 |
| ||
|
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|
|
|
|
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|
|
|
|
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|
|
|
|
|
|
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|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 2,818 |
| $ | 1,239 |
| $ | 5,420 |
| $ | 10,162 |
| $ | 7,565 |
| $ | 17,859 |
| $ | 70,434 |
| |
See Notes to the Financial Statements.
2
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
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| ||||
December 31, 2023 |
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|
| JNL/AB Sustainable Global Thematic Fund - Class A |
| JNL/American Funds Balanced Fund - Class A |
| JNL/American Funds Bond Fund of America Fund - Class A |
| JNL/American Funds Capital Income Builder Fund - Class A |
| JNL/American Funds Capital World Bond Fund - Class A |
| JNL/American Funds Global Growth Fund - Class A |
| JNL/American Funds Global Small Capitalization Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | — |
| $ | 277,346 |
| $ | 41,546 |
| $ | 43,477 |
| $ | 57,856 |
| $ | — |
| $ | 6,846 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| — |
|
| 12 |
|
| 2 |
|
| 2 |
|
| 2 |
|
| — |
|
| — |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| — |
|
| 277,358 |
|
| 41,548 |
|
| 43,479 |
|
| 57,858 |
|
| — |
|
| 6,846 |
| ||
|
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|
Liabilities |
|
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|
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|
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|
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| ||
Payables: |
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|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| — |
|
| 12 |
|
| 2 |
|
| 2 |
|
| 2 |
|
| — |
|
| — |
| |
Total liabilities |
| — |
|
| 12 |
|
| 2 |
|
| 2 |
|
| 2 |
|
| — |
|
| — |
| ||
Net assets | $ | — |
| $ | 277,346 |
| $ | 41,546 |
| $ | 43,477 |
| $ | 57,856 |
| $ | — |
| $ | 6,846 |
| ||
Maximum Unit Value |
| N/A |
|
| 22.734503 |
|
| 8.857149 |
|
| 12.186205 |
|
| 9.177855 |
|
| N/A |
|
| 18.770224 |
| ||
Minimum Unit Value |
| N/A |
|
| 22.073815 |
|
| N/A |
|
| 12.087820 |
|
| 8.991868 |
|
| N/A |
|
| N/A |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| — |
|
| 17,665 |
|
| 4,506 |
|
| 3,291 |
|
| 5,678 |
|
| — |
|
| 368 |
| ||
Investments in Funds, at cost | $ | — |
| $ | 216,468 |
| $ | 40,974 |
| $ | 35,159 |
| $ | 63,652 |
| $ | — |
| $ | 6,894 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AB Sustainable Global Thematic Fund - Class A |
| JNL/American Funds Balanced Fund - Class A |
| JNL/American Funds Bond Fund of America Fund - Class A |
| JNL/American Funds Capital Income Builder Fund - Class A |
| JNL/American Funds Capital World Bond Fund - Class A |
| JNL/American Funds Global Growth Fund - Class A |
| JNL/American Funds Global Small Capitalization Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| — |
|
| 3,971 |
|
| 445 |
|
| 650 |
|
| 859 |
|
| — |
|
| 90 |
| |
Total expenses |
| — |
|
| 3,971 |
|
| 445 |
|
| 650 |
|
| 859 |
|
| — |
|
| 90 |
| ||
Net investment income (loss) |
| — |
|
| (3,971 | ) |
| (445 | ) |
| (650 | ) |
| (859 | ) |
| — |
|
| (90 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| — |
|
| 9,600 |
|
| (138 | ) |
| 691 |
|
| (259 | ) |
| — |
|
| (31 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| — |
|
| 24,305 |
|
| 572 |
|
| 2,799 |
|
| 3,441 |
|
| — |
|
| 1,001 |
| |
Net realized and unrealized gain (loss) |
| — |
|
| 33,905 |
|
| 434 |
|
| 3,490 |
|
| 3,182 |
|
| — |
|
| 970 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | — |
| $ | 29,934 |
| $ | (11 | ) | $ | 2,840 |
| $ | 2,323 |
| $ | — |
| $ | 880 |
| |
See Notes to the Financial Statements.
3
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/American Funds Growth Allocation Fund - Class A |
| JNL/American Funds Growth Fund - Class A |
| JNL/American Funds Growth-Income Fund - Class A |
| JNL/American Funds International Fund - Class A |
| JNL/American Funds Moderate Growth Allocation Fund - Class A |
| JNL/American Funds New World Fund - Class A |
| JNL/American Funds Washington Mutual Investors Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 67,770 |
| $ | 387,692 |
| $ | 148,588 |
| $ | 428,286 |
| $ | 388,853 |
| $ | 54,826 |
| $ | 157,396 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 3 |
|
| 17 |
|
| 6 |
|
| 18 |
|
| 17 |
|
| 2 |
|
| 7 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 67,773 |
|
| 387,709 |
|
| 148,594 |
|
| 428,304 |
|
| 388,870 |
|
| 54,828 |
|
| 157,403 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 3 |
|
| 17 |
|
| 6 |
|
| 18 |
|
| 17 |
|
| 2 |
|
| 7 |
| |
Total liabilities |
| 3 |
|
| 17 |
|
| 6 |
|
| 18 |
|
| 17 |
|
| 2 |
|
| 7 |
| ||
Net assets | $ | 67,770 |
| $ | 387,692 |
| $ | 148,588 |
| $ | 428,286 |
| $ | 388,853 |
| $ | 54,826 |
| $ | 157,396 |
| ||
Maximum Unit Value |
| 21.602064 |
|
| 42.666933 |
|
| 35.011968 |
|
| 14.480633 |
|
| 17.952145 |
|
| 15.678927 |
|
| 31.213645 |
| ||
Minimum Unit Value |
| 21.244113 |
|
| 41.911745 |
|
| 34.301985 |
|
| 14.186329 |
|
| 17.627112 |
|
| 15.351948 |
|
| 30.550913 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 2,755 |
|
| 7,843 |
|
| 3,719 |
|
| 27,245 |
|
| 18,978 |
|
| 3,307 |
|
| 4,397 |
| ||
Investments in Funds, at cost | $ | 51,953 |
| $ | 344,778 |
| $ | 94,569 |
| $ | 377,668 |
| $ | 336,917 |
| $ | 48,195 |
| $ | 133,910 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/American Funds Growth Allocation Fund - Class A |
| JNL/American Funds Growth Fund - Class A |
| JNL/American Funds Growth-Income Fund - Class A |
| JNL/American Funds International Fund - Class A |
| JNL/American Funds Moderate Growth Allocation Fund - Class A |
| JNL/American Funds New World Fund - Class A |
| JNL/American Funds Washington Mutual Investors Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 997 |
|
| 3,990 |
|
| 2,067 |
|
| 6,490 |
|
| 6,002 |
|
| 2,217 |
|
| 2,280 |
| |
Total expenses |
| 997 |
|
| 3,990 |
|
| 2,067 |
|
| 6,490 |
|
| 6,002 |
|
| 2,217 |
|
| 2,280 |
| ||
Net investment income (loss) |
| (997 | ) |
| (3,990 | ) |
| (2,067 | ) |
| (6,490 | ) |
| (6,002 | ) |
| (2,217 | ) |
| (2,280 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 999 |
|
| (1,326 | ) |
| 10,960 |
|
| 8,171 |
|
| 2,765 |
|
| 15,343 |
|
| 284 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 9,251 |
|
| 71,973 |
|
| 18,600 |
|
| 58,550 |
|
| 46,778 |
|
| 9,198 |
|
| 22,704 |
| |
Net realized and unrealized gain (loss) |
| 10,250 |
|
| 70,647 |
|
| 29,560 |
|
| 66,721 |
|
| 49,543 |
|
| 24,541 |
|
| 22,988 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 9,253 |
| $ | 66,657 |
| $ | 27,493 |
| $ | 60,231 |
| $ | 43,541 |
| $ | 22,324 |
| $ | 20,708 |
| |
See Notes to the Financial Statements.
4
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AQR Large Cap Defensive Style Fund - Class A |
| JNL/Baillie Gifford International Growth Fund - Class A |
| JNL/BlackRock Global Allocation Fund - Class A |
| JNL/BlackRock Global Natural Resources Fund - Class A |
| JNL/BlackRock Large Cap Select Growth Fund - Class A |
| JNL/Causeway International Value Select Fund - Class A |
| JNL/ClearBridge Large Cap Growth Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 86,936 |
| $ | 17,255 |
| $ | 387,008 |
| $ | 131,005 |
| $ | 1,780,729 |
| $ | 407,414 |
| $ | 80,637 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 4 |
|
| 1 |
|
| 17 |
|
| 6 |
|
| 75 |
|
| 18 |
|
| 4 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 86,940 |
|
| 17,256 |
|
| 387,025 |
|
| 131,011 |
|
| 1,780,804 |
|
| 407,432 |
|
| 80,641 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 4 |
|
| 1 |
|
| 17 |
|
| 6 |
|
| 75 |
|
| 18 |
|
| 4 |
| |
Total liabilities |
| 4 |
|
| 1 |
|
| 17 |
|
| 6 |
|
| 75 |
|
| 18 |
|
| 4 |
| ||
Net assets | $ | 86,936 |
| $ | 17,255 |
| $ | 387,008 |
| $ | 131,005 |
| $ | 1,780,729 |
| $ | 407,414 |
| $ | 80,637 |
| ||
Maximum Unit Value |
| 13.784046 |
|
| 11.093570 |
|
| 16.244620 |
|
| 11.386185 |
|
| 23.801193 |
|
| 15.459804 |
|
| 20.026071 |
| ||
Minimum Unit Value |
| 13.691011 |
|
| 10.989158 |
|
| 15.925657 |
|
| 11.100474 |
|
| 21.114937 |
|
| 14.668695 |
|
| 19.838979 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 5,894 |
|
| 1,470 |
|
| 23,584 |
|
| 10,196 |
|
| 25,537 |
|
| 21,242 |
|
| 3,665 |
| ||
Investments in Funds, at cost | $ | 77,368 |
| $ | 16,777 |
| $ | 278,586 |
| $ | 122,538 |
| $ | 1,024,775 |
| $ | 323,609 |
| $ | 71,894 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AQR Large Cap Defensive Style Fund - Class A |
| JNL/Baillie Gifford International Growth Fund - Class A |
| JNL/BlackRock Global Allocation Fund - Class A |
| JNL/BlackRock Global Natural Resources Fund - Class A |
| JNL/BlackRock Large Cap Select Growth Fund - Class A |
| JNL/Causeway International Value Select Fund - Class A |
| JNL/ClearBridge Large Cap Growth Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 5,861 |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 1,382 |
|
| 1,428 |
|
| 5,926 |
|
| 3,279 |
|
| 22,179 |
|
| 6,364 |
|
| 734 |
| |
Total expenses |
| 1,382 |
|
| 1,428 |
|
| 5,926 |
|
| 3,279 |
|
| 22,179 |
|
| 6,364 |
|
| 734 |
| ||
Net investment income (loss) |
| (1,382 | ) |
| (1,428 | ) |
| (5,926 | ) |
| (3,279 | ) |
| (22,179 | ) |
| (503 | ) |
| (734 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 519 |
|
| 2,599 |
|
| 5,602 |
|
| 15,685 |
|
| 115,927 |
|
| 12,351 |
|
| 2,786 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 7,974 |
|
| 5,099 |
|
| 42,283 |
|
| (17,051 | ) |
| 451,913 |
|
| 84,114 |
|
| 9,707 |
| |
Net realized and unrealized gain (loss) |
| 8,493 |
|
| 7,698 |
|
| 47,885 |
|
| (1,366 | ) |
| 567,840 |
|
| 96,465 |
|
| 12,493 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 7,111 |
| $ | 6,270 |
| $ | 41,959 |
| $ | (4,645 | ) | $ | 545,661 |
| $ | 95,962 |
| $ | 11,759 |
| |
See Notes to the Financial Statements.
5
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/DFA International Core Equity Fund - Class A |
| JNL/DFA U.S. Core Equity Fund - Class A |
| JNL/DFA U.S. Small Cap Fund - Class A |
| JNL/DoubleLine Core Fixed Income Fund - Class A |
| JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A |
| JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A |
| JNL/DoubleLine Total Return Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 27,979 |
| $ | 1,136,035 |
| $ | — |
| $ | 1,951,996 |
| $ | 9,068 |
| $ | 25,112 |
| $ | 40,677 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 1 |
|
| 49 |
|
| — |
|
| 82 |
|
| — |
|
| 1 |
|
| 2 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 27,980 |
|
| 1,136,084 |
|
| — |
|
| 1,952,078 |
|
| 9,068 |
|
| 25,113 |
|
| 40,679 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 1 |
|
| 49 |
|
| — |
|
| 82 |
|
| — |
|
| 1 |
|
| 2 |
| |
Total liabilities |
| 1 |
|
| 49 |
|
| — |
|
| 82 |
|
| — |
|
| 1 |
|
| 2 |
| ||
Net assets | $ | 27,979 |
| $ | 1,136,035 |
| $ | — |
| $ | 1,951,996 |
| $ | 9,068 |
| $ | 25,112 |
| $ | 40,677 |
| ||
Maximum Unit Value |
| 12.241768 |
|
| 35.079222 |
|
| N/A |
|
| 18.974649 |
|
| 10.471829 |
|
| 24.849511 |
|
| 10.207538 |
| ||
Minimum Unit Value |
| N/A |
|
| 34.059527 |
|
| N/A |
|
| 18.174816 |
|
| 10.351863 |
|
| N/A |
|
| 10.082556 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 2,491 |
|
| 46,924 |
|
| — |
|
| 154,065 |
|
| 794 |
|
| 1,090 |
|
| 3,863 |
| ||
Investments in Funds, at cost | $ | 25,587 |
| $ | 587,186 |
| $ | — |
| $ | 1,960,482 |
| $ | 8,628 |
| $ | 18,394 |
| $ | 42,383 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/DFA International Core Equity Fund - Class A |
| JNL/DFA U.S. Core Equity Fund - Class A |
| JNL/DFA U.S. Small Cap Fund - Class A |
| JNL/DoubleLine Core Fixed Income Fund - Class A |
| JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A |
| JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A |
| JNL/DoubleLine Total Return Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | 1,314 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 1,051 |
|
| 16,989 |
|
| 612 |
|
| 29,857 |
|
| 137 |
|
| 268 |
|
| 615 |
| |
Total expenses |
| 1,051 |
|
| 16,989 |
|
| 612 |
|
| 29,857 |
|
| 137 |
|
| 268 |
|
| 615 |
| ||
Net investment income (loss) |
| 263 |
|
| (16,989 | ) |
| (612 | ) |
| (29,857 | ) |
| (137 | ) |
| (268 | ) |
| (615 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 5,267 |
|
| 60,424 |
|
| 5,186 |
|
| (9,867 | ) |
| (47 | ) |
| 466 |
|
| (138 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 1,137 |
|
| 158,788 |
|
| 3,321 |
|
| 127,164 |
|
| 829 |
|
| 4,333 |
|
| 2,038 |
| |
Net realized and unrealized gain (loss) |
| 6,404 |
|
| 219,212 |
|
| 8,507 |
|
| 117,297 |
|
| 782 |
|
| 4,799 |
|
| 1,900 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 6,667 |
| $ | 202,223 |
| $ | 7,895 |
| $ | 87,440 |
| $ | 645 |
| $ | 4,531 |
| $ | 1,285 |
| |
See Notes to the Financial Statements.
6
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A |
| JNL/First Sentier Global Infrastructure Fund - Class A |
| JNL/Franklin Templeton Income Fund - Class A |
| JNL/Goldman Sachs 4 Fund - Class A |
| JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A |
| JNL/Goldman Sachs Managed Conservative Fund - Class A |
| JNL/Goldman Sachs Managed Growth Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 584,712 |
| $ | 14,456 |
| $ | 1,096,261 |
| $ | 151,972 |
| $ | 1,616,514 |
| $ | 36,560 |
| $ | 3,476,317 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 25 |
|
| 1 |
|
| 47 |
|
| 7 |
|
| 70 |
|
| 2 |
|
| 146 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 584,737 |
|
| 14,457 |
|
| 1,096,308 |
|
| 151,979 |
|
| 1,616,584 |
|
| 36,562 |
|
| 3,476,463 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 25 |
|
| 1 |
|
| 47 |
|
| 7 |
|
| 70 |
|
| 2 |
|
| 146 |
| |
Total liabilities |
| 25 |
|
| 1 |
|
| 47 |
|
| 7 |
|
| 70 |
|
| 2 |
|
| 146 |
| ||
Net assets | $ | 584,712 |
| $ | 14,456 |
| $ | 1,096,261 |
| $ | 151,972 |
| $ | 1,616,514 |
| $ | 36,560 |
| $ | 3,476,317 |
| ||
Maximum Unit Value |
| 19.089840 |
|
| 17.477935 |
|
| 18.871111 |
|
| 36.655104 |
|
| 32.294944 |
|
| 14.598978 |
|
| 29.535560 |
| ||
Minimum Unit Value |
| 18.223478 |
|
| 17.164076 |
|
| 18.377622 |
|
| 34.740275 |
|
| 31.356281 |
|
| 14.184556 |
|
| 28.677070 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 48,971 |
|
| 840 |
|
| 72,122 |
|
| 4,402 |
|
| 46,305 |
|
| 2,401 |
|
| 122,449 |
| ||
Investments in Funds, at cost | $ | 586,264 |
| $ | 11,914 |
| $ | 847,640 |
| $ | 140,974 |
| $ | 951,415 |
| $ | 33,706 |
| $ | 1,669,685 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A |
| JNL/First Sentier Global Infrastructure Fund - Class A |
| JNL/Franklin Templeton Income Fund - Class A |
| JNL/Goldman Sachs 4 Fund - Class A |
| JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A |
| JNL/Goldman Sachs Managed Conservative Fund - Class A |
| JNL/Goldman Sachs Managed Growth Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 8,763 |
|
| 215 |
|
| 16,513 |
|
| 2,401 |
|
| 27,188 |
|
| 391 |
|
| 52,280 |
| |
Total expenses |
| 8,763 |
|
| 215 |
|
| 16,513 |
|
| 2,401 |
|
| 27,188 |
|
| 391 |
|
| 52,280 |
| ||
Net investment income (loss) |
| (8,763 | ) |
| (215 | ) |
| (16,513 | ) |
| (2,401 | ) |
| (27,188 | ) |
| (391 | ) |
| (52,280 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| (1,459 | ) |
| 59 |
|
| 23,662 |
|
| (3,231 | ) |
| 147,476 |
|
| 29 |
|
| 292,546 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 38,817 |
|
| 330 |
|
| 61,912 |
|
| 23,806 |
|
| 185,947 |
|
| 2,108 |
|
| 328,135 |
| |
Net realized and unrealized gain (loss) |
| 37,358 |
|
| 389 |
|
| 85,574 |
|
| 20,575 |
|
| 333,423 |
|
| 2,137 |
|
| 620,681 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 28,595 |
| $ | 174 |
| $ | 69,061 |
| $ | 18,174 |
| $ | 306,235 |
| $ | 1,746 |
| $ | 568,401 |
| |
See Notes to the Financial Statements.
7
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Goldman Sachs Managed Moderate Fund - Class A |
| JNL/Goldman Sachs Managed Moderate Growth Fund - Class A |
| JNL/GQG Emerging Markets Equity Fund - Class A |
| JNL/Harris Oakmark Global Equity Fund - Class A |
| JNL/Heitman U.S. Focused Real Estate Fund - Class A |
| JNL/Invesco Diversified Dividend Fund - Class A |
| JNL/Invesco Global Growth Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 268,184 |
| $ | 4,273,717 |
| $ | 11,872 |
| $ | 16,882 |
| $ | — |
| $ | — |
| $ | 1,333,545 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 12 |
|
| 180 |
|
| — |
|
| 1 |
|
| — |
|
| — |
|
| 56 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 268,196 |
|
| 4,273,897 |
|
| 11,872 |
|
| 16,883 |
|
| — |
|
| — |
|
| 1,333,601 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 12 |
|
| 180 |
|
| — |
|
| 1 |
|
| — |
|
| — |
|
| 56 |
| |
Total liabilities |
| 12 |
|
| 180 |
|
| — |
|
| 1 |
|
| — |
|
| — |
|
| 56 |
| ||
Net assets | $ | 268,184 |
| $ | 4,273,717 |
| $ | 11,872 |
| $ | 16,882 |
| $ | — |
| $ | — |
| $ | 1,333,545 |
| ||
Maximum Unit Value |
| 18.595309 |
|
| 24.210633 |
|
| 12.909451 |
|
| 12.944651 |
|
| N/A |
|
| N/A |
|
| 36.171781 |
| ||
Minimum Unit Value |
| 18.091829 |
|
| 23.506939 |
|
| N/A |
|
| 12.651276 |
|
| N/A |
|
| N/A |
|
| 34.110105 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 13,953 |
|
| 178,592 |
|
| 841 |
|
| 1,262 |
|
| — |
|
| — |
|
| 52,647 |
| ||
Investments in Funds, at cost | $ | 171,394 |
| $ | 3,335,442 |
| $ | 9,794 |
| $ | 14,156 |
| $ | — |
| $ | — |
| $ | 886,126 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Goldman Sachs Managed Moderate Fund - Class A |
| JNL/Goldman Sachs Managed Moderate Growth Fund - Class A |
| JNL/GQG Emerging Markets Equity Fund - Class A |
| JNL/Harris Oakmark Global Equity Fund - Class A |
| JNL/Heitman U.S. Focused Real Estate Fund - Class A |
| JNL/Invesco Diversified Dividend Fund - Class A |
| JNL/Invesco Global Growth Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | 223 |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 4,555 |
|
| 63,883 |
|
| 127 |
|
| 242 |
|
| — |
|
| 646 |
|
| 19,070 |
| |
Total expenses |
| 4,555 |
|
| 63,883 |
|
| 127 |
|
| 242 |
|
| — |
|
| 646 |
|
| 19,070 |
| ||
Net investment income (loss) |
| (4,555 | ) |
| (63,883 | ) |
| (127 | ) |
| (19 | ) |
| — |
|
| (646 | ) |
| (19,070 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| 141 |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 33,772 |
|
| 354,147 |
|
| 171 |
|
| 298 |
|
| — |
|
| 24,312 |
|
| 43,698 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| (1,077 | ) |
| 244,216 |
|
| 2,241 |
|
| 2,337 |
|
| — |
|
| (17,022 | ) |
| 322,661 |
| |
Net realized and unrealized gain (loss) |
| 32,695 |
|
| 598,363 |
|
| 2,412 |
|
| 2,776 |
|
| — |
|
| 7,290 |
|
| 366,359 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 28,140 |
| $ | 534,480 |
| $ | 2,285 |
| $ | 2,757 |
| $ | — |
| $ | 6,644 |
| $ | 347,289 |
| |
See Notes to the Financial Statements.
8
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Invesco Small Cap Growth Fund - Class A |
| JNL/JPMorgan Global Allocation Fund - Class A |
| JNL/JPMorgan Hedged Equity Fund - Class A |
| JNL/JPMorgan MidCap Growth Fund - Class A |
| JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
| JNL/JPMorgan U.S. Value Fund - Class A |
| JNL/Lazard International Strategic Equity Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 66,072 |
| $ | 533,982 |
| $ | 93,477 |
| $ | 762,246 |
| $ | 123,435 |
| $ | 362,614 |
| $ | 5,777 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 3 |
|
| 22 |
|
| 4 |
|
| 32 |
|
| 5 |
|
| 16 |
|
| — |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 66,075 |
|
| 534,004 |
|
| 93,481 |
|
| 762,278 |
|
| 123,440 |
|
| 362,630 |
|
| 5,777 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 3 |
|
| 22 |
|
| 4 |
|
| 32 |
|
| 5 |
|
| 16 |
|
| — |
| |
Total liabilities |
| 3 |
|
| 22 |
|
| 4 |
|
| 32 |
|
| 5 |
|
| 16 |
|
| — |
| ||
Net assets | $ | 66,072 |
| $ | 533,982 |
| $ | 93,477 |
| $ | 762,246 |
| $ | 123,435 |
| $ | 362,614 |
| $ | 5,777 |
| ||
Maximum Unit Value |
| 37.993532 |
|
| 12.547139 |
|
| 13.578555 |
|
| 50.698850 |
|
| 12.917073 |
|
| 18.317857 |
|
| 15.753256 |
| ||
Minimum Unit Value |
| 36.888817 |
|
| 12.366383 |
|
| N/A |
|
| 49.221665 |
|
| 12.541597 |
|
| 17.858003 |
|
| N/A |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 2,024 |
|
| 38,863 |
|
| 6,574 |
|
| 12,486 |
|
| 9,480 |
|
| 22,523 |
|
| 374 |
| ||
Investments in Funds, at cost | $ | 69,213 |
| $ | 430,425 |
| $ | 81,722 |
| $ | 488,633 |
| $ | 127,238 |
| $ | 240,417 |
| $ | 6,450 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Invesco Small Cap Growth Fund - Class A |
| JNL/JPMorgan Global Allocation Fund - Class A |
| JNL/JPMorgan Hedged Equity Fund - Class A |
| JNL/JPMorgan MidCap Growth Fund - Class A |
| JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
| JNL/JPMorgan U.S. Value Fund - Class A |
| JNL/Lazard International Strategic Equity Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 68 |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 1,829 |
|
| 7,403 |
|
| 1,267 |
|
| 13,078 |
|
| 1,740 |
|
| 5,500 |
|
| 84 |
| |
Total expenses |
| 1,829 |
|
| 7,403 |
|
| 1,267 |
|
| 13,078 |
|
| 1,740 |
|
| 5,500 |
|
| 84 |
| ||
Net investment income (loss) |
| (1,829 | ) |
| (7,403 | ) |
| (1,267 | ) |
| (13,078 | ) |
| (1,740 | ) |
| (5,500 | ) |
| (16 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| (12,336 | ) |
| 1,715 |
|
| 3,627 |
|
| 80,414 |
|
| (1,703 | ) |
| 5,641 |
|
| (185 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 21,035 |
|
| 57,347 |
|
| 8,234 |
|
| 92,244 |
|
| 5,718 |
|
| 24,536 |
|
| 942 |
| |
Net realized and unrealized gain (loss) |
| 8,699 |
|
| 59,062 |
|
| 11,861 |
|
| 172,658 |
|
| 4,015 |
|
| 30,177 |
|
| 757 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 6,870 |
| $ | 51,659 |
| $ | 10,594 |
| $ | 159,580 |
| $ | 2,275 |
| $ | 24,677 |
| $ | 741 |
| |
See Notes to the Financial Statements.
9
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Loomis Sayles Global Growth Fund - Class A |
| JNL/Lord Abbett Short Duration Income Fund - Class A |
| JNL/Mellon Bond Index Fund - Class A |
| JNL/Mellon Communication Services Sector Fund - Class A |
| JNL/Mellon Consumer Discretionary Sector Fund - Class A |
| JNL/Mellon Consumer Staples Sector Fund - Class A |
| JNL/Mellon Dow Index Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 133,988 |
| $ | 191,293 |
| $ | 238,605 |
| $ | 453,017 |
| $ | 115,094 |
| $ | 24,366 |
| $ | — |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 6 |
|
| 9 |
|
| 10 |
|
| 19 |
|
| 5 |
|
| 1 |
|
| — |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 133,994 |
|
| 191,302 |
|
| 238,615 |
|
| 453,036 |
|
| 115,099 |
|
| 24,367 |
|
| — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 6 |
|
| 9 |
|
| 10 |
|
| 19 |
|
| 5 |
|
| 1 |
|
| — |
| |
Total liabilities |
| 6 |
|
| 9 |
|
| 10 |
|
| 19 |
|
| 5 |
|
| 1 |
|
| — |
| ||
Net assets | $ | 133,988 |
| $ | 191,293 |
| $ | 238,605 |
| $ | 453,017 |
| $ | 115,094 |
| $ | 24,366 |
| $ | — |
| ||
Maximum Unit Value |
| 15.276632 |
|
| 9.884645 |
|
| 12.298851 |
|
| 37.689669 |
|
| 53.835135 |
|
| 13.879670 |
|
| N/A |
| ||
Minimum Unit Value |
| 15.153913 |
|
| N/A |
|
| 11.941431 |
|
| 33.415409 |
|
| 53.283390 |
|
| N/A |
|
| N/A |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 8,606 |
|
| 18,940 |
|
| 20,821 |
|
| 24,007 |
|
| 2,829 |
|
| 1,583 |
|
| — |
| ||
Investments in Funds, at cost | $ | 116,394 |
| $ | 189,949 |
| $ | 250,750 |
| $ | 443,291 |
| $ | 93,346 |
| $ | 20,448 |
| $ | — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Loomis Sayles Global Growth Fund - Class A |
| JNL/Lord Abbett Short Duration Income Fund - Class A |
| JNL/Mellon Bond Index Fund - Class A |
| JNL/Mellon Communication Services Sector Fund - Class A |
| JNL/Mellon Consumer Discretionary Sector Fund - Class A |
| JNL/Mellon Consumer Staples Sector Fund - Class A |
| JNL/Mellon Dow Index Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | 54 |
| $ | 5,493 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 1,381 |
|
| 1,659 |
|
| 3,712 |
|
| 914 |
|
| 2,128 |
|
| 477 |
|
| — |
| |
Total expenses |
| 1,381 |
|
| 1,659 |
|
| 3,712 |
|
| 914 |
|
| 2,128 |
|
| 477 |
|
| — |
| ||
Net investment income (loss) |
| (1,327 | ) |
| 3,834 |
|
| (3,712 | ) |
| (914 | ) |
| (2,128 | ) |
| (477 | ) |
| — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| 4,154 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 1,227 |
|
| 12 |
|
| (604 | ) |
| (475 | ) |
| 3,007 |
|
| 1,737 |
|
| — |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 15,724 |
|
| 1,343 |
|
| 11,888 |
|
| 16,899 |
|
| 49,343 |
|
| (1,373 | ) |
| — |
| |
Net realized and unrealized gain (loss) |
| 21,105 |
|
| 1,355 |
|
| 11,284 |
|
| 16,424 |
|
| 52,350 |
|
| 364 |
|
| — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 19,778 |
| $ | 5,189 |
| $ | 7,572 |
| $ | 15,510 |
| $ | 50,222 |
| $ | (113 | ) | $ | — |
| |
See Notes to the Financial Statements.
10
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Emerging Markets Index Fund - Class A |
| JNL/Mellon Energy Sector Fund - Class A |
| JNL/Mellon Financial Sector Fund - Class A |
| JNL/Mellon Healthcare Sector Fund - Class A |
| JNL/Mellon Industrials Sector Fund - Class A |
| JNL/Mellon Information Technology Sector Fund - Class A |
| JNL/Mellon International Index Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 81,481 |
| $ | 635,207 |
| $ | 95,830 |
| $ | 212,532 |
| $ | 2,207 |
| $ | 608,590 |
| $ | 351,663 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 4 |
|
| 27 |
|
| 4 |
|
| 9 |
|
| — |
|
| 26 |
|
| 15 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 81,485 |
|
| 635,234 |
|
| 95,834 |
|
| 212,541 |
|
| 2,207 |
|
| 608,616 |
|
| 351,678 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 4 |
|
| 27 |
|
| 4 |
|
| 9 |
|
| — |
|
| 26 |
|
| 15 |
| |
Total liabilities |
| 4 |
|
| 27 |
|
| 4 |
|
| 9 |
|
| — |
|
| 26 |
|
| 15 |
| ||
Net assets | $ | 81,481 |
| $ | 635,207 |
| $ | 95,830 |
| $ | 212,532 |
| $ | 2,207 |
| $ | 608,590 |
| $ | 351,663 |
| ||
Maximum Unit Value |
| 10.388043 |
|
| 33.505421 |
|
| 20.601476 |
|
| 46.667822 |
|
| 16.114532 |
|
| 85.379354 |
|
| 20.033271 |
| ||
Minimum Unit Value |
| 10.215284 |
|
| 32.465894 |
|
| 18.666689 |
|
| 45.617865 |
|
| N/A |
|
| 83.671726 |
|
| 19.451040 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 7,428 |
|
| 17,773 |
|
| 5,017 |
|
| 4,935 |
|
| 124 |
|
| 13,216 |
|
| 22,850 |
| ||
Investments in Funds, at cost | $ | 91,257 |
| $ | 624,526 |
| $ | 65,854 |
| $ | 147,331 |
| $ | 1,829 |
| $ | 534,939 |
| $ | 328,777 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Emerging Markets Index Fund - Class A |
| JNL/Mellon Energy Sector Fund - Class A |
| JNL/Mellon Financial Sector Fund - Class A |
| JNL/Mellon Healthcare Sector Fund - Class A |
| JNL/Mellon Industrials Sector Fund - Class A |
| JNL/Mellon Information Technology Sector Fund - Class A |
| JNL/Mellon International Index Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 1,397 |
|
| 9,544 |
|
| 1,456 |
|
| 3,197 |
|
| 33 |
|
| 3,046 |
|
| 5,215 |
| |
Total expenses |
| 1,397 |
|
| 9,544 |
|
| 1,456 |
|
| 3,197 |
|
| 33 |
|
| 3,046 |
|
| 5,215 |
| ||
Net investment income (loss) |
| (1,397 | ) |
| (9,544 | ) |
| (1,456 | ) |
| (3,197 | ) |
| (33 | ) |
| (3,046 | ) |
| (5,215 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| (4,560 | ) |
| 28,667 |
|
| 6,711 |
|
| 15,537 |
|
| 2 |
|
| 51,479 |
|
| (463 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 12,292 |
|
| (87,705 | ) |
| 6,446 |
|
| (12,636 | ) |
| 368 |
|
| 28,612 |
|
| 53,367 |
| |
Net realized and unrealized gain (loss) |
| 7,732 |
|
| (59,038 | ) |
| 13,157 |
|
| 2,901 |
|
| 370 |
|
| 80,091 |
|
| 52,904 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 6,335 |
| $ | (68,582 | ) | $ | 11,701 |
| $ | (296 | ) | $ | 337 |
| $ | 77,045 |
| $ | 47,689 |
| |
See Notes to the Financial Statements.
11
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Materials Sector Fund - Class A |
| JNL/Mellon Nasdaq® 100 Index Fund - Class A |
| JNL/Mellon Real Estate Sector Fund - Class A |
| JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| JNL/Mellon S&P 500 Index Fund - Class A |
| JNL/Mellon Small Cap Index Fund - Class A |
| JNL/Mellon U.S. Stock Market Index Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 2,032 |
| $ | 359,389 |
| $ | 10,445 |
| $ | 101,528 |
| $ | 2,804,223 |
| $ | 1,498,138 |
| $ | 859,663 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| — |
|
| 15 |
|
| — |
|
| 4 |
|
| 123 |
|
| 63 |
|
| 38 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 2,032 |
|
| 359,404 |
|
| 10,445 |
|
| 101,532 |
|
| 2,804,346 |
|
| 1,498,201 |
|
| 859,701 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| — |
|
| 15 |
|
| — |
|
| 4 |
|
| 123 |
|
| 63 |
|
| 38 |
| |
Total liabilities |
| — |
|
| 15 |
|
| — |
|
| 4 |
|
| 123 |
|
| 63 |
|
| 38 |
| ||
Net assets | $ | 2,032 |
| $ | 359,389 |
| $ | 10,445 |
| $ | 101,528 |
| $ | 2,804,223 |
| $ | 1,498,138 |
| $ | 859,663 |
| ||
Maximum Unit Value |
| 14.771987 |
|
| 65.489341 |
|
| 12.162389 |
|
| 42.706883 |
|
| 42.405238 |
|
| 35.553537 |
|
| 18.143622 |
| ||
Minimum Unit Value |
| N/A |
|
| 57.389658 |
|
| N/A |
|
| 41.465521 |
|
| 41.172844 |
|
| 34.519967 |
|
| 17.974015 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 124 |
|
| 5,932 |
|
| 782 |
|
| 3,216 |
|
| 75,080 |
|
| 57,007 |
|
| 43,134 |
| ||
Investments in Funds, at cost | $ | 1,929 |
| $ | 315,070 |
| $ | 9,094 |
| $ | 91,924 |
| $ | 2,031,036 |
| $ | 1,396,343 |
| $ | 758,214 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Materials Sector Fund - Class A |
| JNL/Mellon Nasdaq® 100 Index Fund - Class A |
| JNL/Mellon Real Estate Sector Fund - Class A |
| JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| JNL/Mellon S&P 500 Index Fund - Class A |
| JNL/Mellon Small Cap Index Fund - Class A |
| JNL/Mellon U.S. Stock Market Index Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 622 |
|
| 9,605 |
|
| 130 |
|
| 3,436 |
|
| 44,597 |
|
| 19,177 |
|
| 12,880 |
| |
Total expenses |
| 622 |
|
| 9,605 |
|
| 130 |
|
| 3,436 |
|
| 44,597 |
|
| 19,177 |
|
| 12,880 |
| ||
Net investment income (loss) |
| (622 | ) |
| (9,605 | ) |
| (130 | ) |
| (3,436 | ) |
| (44,597 | ) |
| (19,177 | ) |
| (12,880 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 1,762 |
|
| 103,041 |
|
| 6 |
|
| 4,926 |
|
| 240,244 |
|
| 15,381 |
|
| (984 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 6,405 |
|
| 92,318 |
|
| 1,065 |
|
| 18,012 |
|
| 391,957 |
|
| 133,600 |
|
| 185,941 |
| |
Net realized and unrealized gain (loss) |
| 8,167 |
|
| 195,359 |
|
| 1,071 |
|
| 22,938 |
|
| 632,201 |
|
| 148,981 |
|
| 184,957 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 7,545 |
| $ | 185,754 |
| $ | 941 |
| $ | 19,502 |
| $ | 587,604 |
| $ | 129,804 |
| $ | 172,077 |
| |
See Notes to the Financial Statements.
12
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Utilities Sector Fund - Class A |
| JNL/Mellon World Index Fund - Class A |
| JNL/MFS Mid Cap Value Fund - Class A |
| JNL/Morningstar U.S. Sustainability Index Fund - Class A |
| JNL/Morningstar Wide Moat Index Fund - Class A |
| JNL/Neuberger Berman Strategic Income Fund - Class A |
| JNL/Newton Equity Income Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 19,840 |
| $ | 53,830 |
| $ | 1,143,169 |
| $ | — |
| $ | 218,804 |
| $ | 100,236 |
| $ | 120,354 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 1 |
|
| 2 |
|
| 49 |
|
| — |
|
| 10 |
|
| 4 |
|
| 5 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 19,841 |
|
| 53,832 |
|
| 1,143,218 |
|
| — |
|
| 218,814 |
|
| 100,240 |
|
| 120,359 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 1 |
|
| 2 |
|
| 49 |
|
| — |
|
| 10 |
|
| 4 |
|
| 5 |
| |
Total liabilities |
| 1 |
|
| 2 |
|
| 49 |
|
| — |
|
| 10 |
|
| 4 |
|
| 5 |
| ||
Net assets | $ | 19,840 |
| $ | 53,830 |
| $ | 1,143,169 |
| $ | — |
| $ | 218,804 |
| $ | 100,236 |
| $ | 120,354 |
| ||
Maximum Unit Value |
| 17.645624 |
|
| 32.466616 |
|
| 31.174005 |
|
| N/A |
|
| 18.479144 |
|
| 11.875410 |
|
| 36.640878 |
| ||
Minimum Unit Value |
| 17.363965 |
|
| N/A |
|
| 29.666964 |
|
| N/A |
|
| 18.330277 |
|
| N/A |
|
| 36.298664 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 1,143 |
|
| 1,441 |
|
| 62,571 |
|
| — |
|
| 17,518 |
|
| 8,270 |
|
| 4,202 |
| ||
Investments in Funds, at cost | $ | 19,747 |
| $ | 45,169 |
| $ | 871,143 |
| $ | — |
| $ | 214,300 |
| $ | 89,432 |
| $ | 107,691 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Utilities Sector Fund - Class A |
| JNL/Mellon World Index Fund - Class A |
| JNL/MFS Mid Cap Value Fund - Class A |
| JNL/Morningstar U.S. Sustainability Index Fund - Class A |
| JNL/Morningstar Wide Moat Index Fund - Class A |
| JNL/Neuberger Berman Strategic Income Fund - Class A |
| JNL/Newton Equity Income Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 1,385 |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 530 |
|
| 658 |
|
| 18,379 |
|
| 19 |
|
| 3,654 |
|
| 1,425 |
|
| 2,353 |
| |
Total expenses |
| 530 |
|
| 658 |
|
| 18,379 |
|
| 19 |
|
| 3,654 |
|
| 1,425 |
|
| 2,353 |
| ||
Net investment income (loss) |
| (530 | ) |
| (658 | ) |
| (18,379 | ) |
| (19 | ) |
| (2,269 | ) |
| (1,425 | ) |
| (2,353 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| 8,146 |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 286 |
|
| 1,534 |
|
| 39,451 |
|
| 81 |
|
| 46,239 |
|
| 77 |
|
| 6,437 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| (3,790 | ) |
| 6,855 |
|
| 94,742 |
|
| — |
|
| 5,564 |
|
| 8,904 |
|
| 7,404 |
| |
Net realized and unrealized gain (loss) |
| (3,504 | ) |
| 8,389 |
|
| 134,193 |
|
| 81 |
|
| 59,949 |
|
| 8,981 |
|
| 13,841 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | (4,034 | ) | $ | 7,731 |
| $ | 115,814 |
| $ | 62 |
| $ | 57,680 |
| $ | 7,556 |
| $ | 11,488 |
| |
See Notes to the Financial Statements.
13
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/PIMCO Income Fund - Class A |
| JNL/PIMCO Investment Grade Credit Bond Fund - Class A |
| JNL/PIMCO Real Return Fund - Class A |
| JNL/PPM America Floating Rate Income Fund - Class A |
| JNL/PPM America High Yield Bond Fund - Class A |
| JNL/PPM America Total Return Fund - Class A |
| JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 72,574 |
| $ | 84 |
| $ | 102,429 |
| $ | 33,597 |
| $ | 801,109 |
| $ | 4,403 |
| $ | 25,575 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 3 |
|
| — |
|
| 5 |
|
| 1 |
|
| 34 |
|
| — |
|
| 1 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 72,577 |
|
| 84 |
|
| 102,434 |
|
| 33,598 |
|
| 801,143 |
|
| 4,403 |
|
| 25,576 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 3 |
|
| — |
|
| 5 |
|
| 1 |
|
| 34 |
|
| — |
|
| 1 |
| |
Total liabilities |
| 3 |
|
| — |
|
| 5 |
|
| 1 |
|
| 34 |
|
| — |
|
| 1 |
| ||
Net assets | $ | 72,574 |
| $ | 84 |
| $ | 102,429 |
| $ | 33,597 |
| $ | 801,109 |
| $ | 4,403 |
| $ | 25,575 |
| ||
Maximum Unit Value |
| 10.529491 |
|
| 12.246255 |
|
| 14.261473 |
|
| 12.567593 |
|
| 24.572127 |
|
| 17.795009 |
|
| 21.953262 |
| ||
Minimum Unit Value |
| 10.434006 |
|
| N/A |
|
| 13.903164 |
|
| 12.330310 |
|
| 23.996521 |
|
| N/A |
|
| N/A |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 6,474 |
|
| 7 |
|
| 9,081 |
|
| 2,732 |
|
| 52,054 |
|
| 349 |
|
| 2,916 |
| ||
Investments in Funds, at cost | $ | 68,995 |
| $ | 90 |
| $ | 98,001 |
| $ | 31,181 |
| $ | 700,931 |
| $ | 4,702 |
| $ | 21,068 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/PIMCO Income Fund - Class A |
| JNL/PIMCO Investment Grade Credit Bond Fund - Class A |
| JNL/PIMCO Real Return Fund - Class A |
| JNL/PPM America Floating Rate Income Fund - Class A |
| JNL/PPM America High Yield Bond Fund - Class A |
| JNL/PPM America Total Return Fund - Class A |
| JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 1,272 |
|
| 1 |
|
| 1,646 |
|
| 350 |
|
| 11,836 |
|
| 70 |
|
| 852 |
| |
Total expenses |
| 1,272 |
|
| 1 |
|
| 1,646 |
|
| 350 |
|
| 11,836 |
|
| 70 |
|
| 852 |
| ||
Net investment income (loss) |
| (1,272 | ) |
| (1 | ) |
| (1,646 | ) |
| (350 | ) |
| (11,836 | ) |
| (70 | ) |
| (852 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| (538 | ) |
| — |
|
| 294 |
|
| 1,385 |
|
| 4,593 |
|
| (10 | ) |
| 7,923 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 6,071 |
|
| 6 |
|
| 3,638 |
|
| 1,467 |
|
| 88,215 |
|
| 286 |
|
| 1,189 |
| |
Net realized and unrealized gain (loss) |
| 5,533 |
|
| 6 |
|
| 3,932 |
|
| 2,852 |
|
| 92,808 |
|
| 276 |
|
| 9,112 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 4,261 |
| $ | 5 |
| $ | 2,286 |
| $ | 2,502 |
| $ | 80,972 |
| $ | 206 |
| $ | 8,260 |
| |
See Notes to the Financial Statements.
14
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
| JNL/T. Rowe Price Balanced Fund - Class A |
| JNL/T. Rowe Price Capital Appreciation Fund - Class A |
| JNL/T. Rowe Price Established Growth Fund - Class A |
| JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
| JNL/T. Rowe Price Short-Term Bond Fund - Class A |
| JNL/T. Rowe Price U.S. High Yield Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 1,425,856 |
| $ | 16,965 |
| $ | 1,407,803 |
| $ | 2,820,422 |
| $ | 3,112,013 |
| $ | 515,704 |
| $ | — |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 61 |
|
| 1 |
|
| 62 |
|
| 119 |
|
| 134 |
|
| 21 |
|
| — |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 1,425,917 |
|
| 16,966 |
|
| 1,407,865 |
|
| 2,820,541 |
|
| 3,112,147 |
|
| 515,725 |
|
| — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 61 |
|
| 1 |
|
| 62 |
|
| 119 |
|
| 134 |
|
| 21 |
|
| — |
| |
Total liabilities |
| 61 |
|
| 1 |
|
| 62 |
|
| 119 |
|
| 134 |
|
| 21 |
|
| — |
| ||
Net assets | $ | 1,425,856 |
| $ | 16,965 |
| $ | 1,407,803 |
| $ | 2,820,422 |
| $ | 3,112,013 |
| $ | 515,704 |
| $ | — |
| ||
Maximum Unit Value |
| 31.373516 |
|
| 14.366274 |
|
| 23.483365 |
|
| 51.060328 |
|
| 59.479153 |
|
| 10.104549 |
|
| N/A |
| ||
Minimum Unit Value |
| 27.002055 |
|
| N/A |
|
| 23.123505 |
|
| 49.576515 |
|
| 57.783745 |
|
| 9.840333 |
|
| N/A |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 69,758 |
|
| 1,021 |
|
| 56,607 |
|
| 39,842 |
|
| 42,543 |
|
| 49,021 |
|
| — |
| ||
Investments in Funds, at cost | $ | 845,943 |
| $ | 15,649 |
| $ | 1,204,790 |
| $ | 2,013,759 |
| $ | 1,765,969 |
| $ | 499,577 |
| $ | — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
| JNL/T. Rowe Price Balanced Fund - Class A |
| JNL/T. Rowe Price Capital Appreciation Fund - Class A |
| JNL/T. Rowe Price Established Growth Fund - Class A |
| JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
| JNL/T. Rowe Price Short-Term Bond Fund - Class A |
| JNL/T. Rowe Price U.S. High Yield Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 21,047 |
|
| 135 |
|
| 15,839 |
|
| 40,165 |
|
| 45,638 |
|
| 7,605 |
|
| — |
| |
Total expenses |
| 21,047 |
|
| 135 |
|
| 15,839 |
|
| 40,165 |
|
| 45,638 |
|
| 7,605 |
|
| — |
| ||
Net investment income (loss) |
| (21,047 | ) |
| (135 | ) |
| (15,839 | ) |
| (40,165 | ) |
| (45,638 | ) |
| (7,605 | ) |
| — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 56,773 |
|
| 40 |
|
| 3,478 |
|
| 100,989 |
|
| 98,282 |
|
| 89 |
|
| — |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 99,703 |
|
| 1,316 |
|
| 157,868 |
|
| 918,934 |
|
| 439,014 |
|
| 23,492 |
|
| — |
| |
Net realized and unrealized gain (loss) |
| 156,476 |
|
| 1,356 |
|
| 161,346 |
|
| 1,019,923 |
|
| 537,296 |
|
| 23,581 |
|
| — |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 135,429 |
| $ | 1,221 |
| $ | 145,507 |
| $ | 979,758 |
| $ | 491,658 |
| $ | 15,976 |
| $ | — |
| |
See Notes to the Financial Statements.
15
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/T. Rowe Price Value Fund - Class A |
| JNL/Vanguard Growth ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
| JNL/WCM Focused International Equity Fund - Class A |
| JNL/Westchester Capital Event Driven Fund - Class A |
| JNL/Western Asset Global Multi-Sector Bond Fund - Class A |
| |||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 921,961 |
| $ | 242,001 |
| $ | — |
| $ | 24,214 |
| $ | 72 |
| $ | 20,771 |
| $ | 254,815 |
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 39 |
|
| 11 |
|
| — |
|
| 1 |
|
| — |
|
| 1 |
|
| 10 |
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Total assets |
| 922,000 |
|
| 242,012 |
|
| — |
|
| 24,215 |
|
| 72 |
|
| 20,772 |
|
| 254,825 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
| Insurance fees due to Jackson |
| 39 |
|
| 11 |
|
| — |
|
| 1 |
|
| — |
|
| 1 |
|
| 10 |
| |
Total liabilities |
| 39 |
|
| 11 |
|
| — |
|
| 1 |
|
| — |
|
| 1 |
|
| 10 |
| ||
Net assets | $ | 921,961 |
| $ | 242,001 |
| $ | — |
| $ | 24,214 |
| $ | 72 |
| $ | 20,771 |
| $ | 254,815 |
| ||
Maximum Unit Value |
| 39.033978 |
|
| 13.382341 |
|
| N/A |
|
| 12.335471 |
|
| 19.954466 |
|
| 11.934841 |
|
| 9.771678 |
| ||
Minimum Unit Value |
| 37.899283 |
|
| 13.257334 |
|
| N/A |
|
| N/A |
|
| N/A |
|
| N/A |
|
| 9.586875 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 37,570 |
|
| 16,463 |
|
| — |
|
| 1,787 |
|
| 5 |
|
| 1,659 |
|
| 33,093 |
| ||
Investments in Funds, at cost | $ | 594,867 |
| $ | 235,840 |
| $ | — |
| $ | 24,365 |
| $ | 77 |
| $ | 19,805 |
| $ | 315,061 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/T. Rowe Price Value Fund - Class A |
| JNL/Vanguard Growth ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
| JNL/WCM Focused International Equity Fund - Class A |
| JNL/Westchester Capital Event Driven Fund - Class A |
| JNL/Western Asset Global Multi-Sector Bond Fund - Class A |
| |||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 12,933 |
|
| 3,728 |
|
| — |
|
| 340 |
|
| 881 |
|
| 227 |
|
| 3,496 |
| |
Total expenses |
| 12,933 |
|
| 3,728 |
|
| — |
|
| 340 |
|
| 881 |
|
| 227 |
|
| 3,496 |
| ||
Net investment income (loss) |
| (12,933 | ) |
| (3,728 | ) |
| — |
|
| (340 | ) |
| (881 | ) |
| (227 | ) |
| (3,496 | ) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| 7,500 |
|
| — |
|
| — |
| |
| Sales of investments in Funds |
| 11,289 |
|
| (728 | ) |
| — |
|
| (27 | ) |
| (4,521 | ) |
| 9 |
|
| (2,784 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 86,558 |
|
| 31,724 |
|
| — |
|
| 2,684 |
|
| 4,908 |
|
| 967 |
|
| 22,632 |
| |
Net realized and unrealized gain (loss) |
| 97,847 |
|
| 30,996 |
|
| — |
|
| 2,657 |
|
| 7,887 |
|
| 976 |
|
| 19,848 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 84,914 |
| $ | 27,268 |
| $ | — |
| $ | 2,317 |
| $ | 7,006 |
| $ | 749 |
| $ | 16,352 |
| |
See Notes to the Financial Statements.
16
Jackson National Separate Account V | |||||||||||||||||||||
Statements of Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/William Blair International Leaders Fund - Class A |
| JNL/WMC Balanced Fund - Class A |
| JNL/WMC Equity Income Fund - Class A |
| JNL/WMC Global Real Estate Fund - Class A |
| JNL/WMC Government Money Market Fund - Class A |
| JNL/WMC Value Fund - Class A |
|
| ||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Investments in Funds, at fair value | $ | 634,072 |
| $ | 1,260,953 |
| $ | 690 |
| $ | 91,910 |
| $ | 373,500 |
| $ | 73,410 |
|
| ||
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares sold |
| 27 |
|
| 54 |
|
| — |
|
| 4 |
|
| 16 |
|
| 3 |
|
| |
| Investment Division units sold |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
Total assets |
| 634,099 |
|
| 1,261,007 |
|
| 690 |
|
| 91,914 |
|
| 373,516 |
|
| 73,413 |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Investments in Fund shares purchased |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
| Investment Division units redeemed |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
| Insurance fees due to Jackson |
| 27 |
|
| 54 |
|
| — |
|
| 4 |
|
| 16 |
|
| 3 |
|
| |
Total liabilities |
| 27 |
|
| 54 |
|
| — |
|
| 4 |
|
| 16 |
|
| 3 |
|
| ||
Net assets | $ | 634,072 |
| $ | 1,260,953 |
| $ | 690 |
| $ | 91,910 |
| $ | 373,500 |
| $ | 73,410 |
|
| ||
Maximum Unit Value |
| 13.976642 |
|
| 29.903378 |
|
| 15.475569 |
|
| 16.367848 |
|
| 9.765103 |
|
| 36.675406 |
|
| ||
Minimum Unit Value |
| 12.856032 |
|
| 29.034144 |
|
| 15.348881 |
|
| 15.746814 |
|
| 9.383954 |
|
| 35.694087 |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Funds, shares outstanding |
| 57,486 |
|
| 37,980 |
|
| 40 |
|
| 9,564 |
|
| 373,499 |
|
| 2,309 |
|
| ||
Investments in Funds, at cost | $ | 667,564 |
| $ | 812,588 |
| $ | 638 |
| $ | 92,334 |
| $ | 373,499 |
| $ | 53,145 |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jackson National Separate Account V | |||||||||||||||||||||
Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/William Blair International Leaders Fund - Class A |
| JNL/WMC Balanced Fund - Class A |
| JNL/WMC Equity Income Fund - Class A |
| JNL/WMC Global Real Estate Fund - Class A |
| JNL/WMC Government Money Market Fund - Class A |
| JNL/WMC Value Fund - Class A |
|
| ||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Dividends | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 19,194 |
| $ | — |
|
| ||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Asset-based charges |
| 9,445 |
|
| 19,600 |
|
| 11 |
|
| 1,347 |
|
| 7,044 |
|
| 1,380 |
|
| |
Total expenses |
| 9,445 |
|
| 19,600 |
|
| 11 |
|
| 1,347 |
|
| 7,044 |
|
| 1,380 |
|
| ||
Net investment income (loss) |
| (9,445 | ) |
| (19,600 | ) |
| (11 | ) |
| (1,347 | ) |
| 12,150 |
|
| (1,380 | ) |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Net realized gain (loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Distributions from Funds |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
| Sales of investments in Funds |
| (11,027 | ) |
| 59,911 |
|
| — |
|
| (311 | ) |
| — |
|
| 32,940 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| (depreciation) on investments in Funds |
| 84,665 |
|
| 92,826 |
|
| 43 |
|
| 8,467 |
|
| — |
|
| (24,689 | ) |
| |
Net realized and unrealized gain (loss) |
| 73,638 |
|
| 152,737 |
|
| 43 |
|
| 8,156 |
|
| — |
|
| 8,251 |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| from operations | $ | 64,193 |
| $ | 133,137 |
| $ | 32 |
| $ | 6,809 |
| $ | 12,150 |
| $ | 6,871 |
|
| |
See Notes to the Financial Statements.
17
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL Aggressive Growth Allocation Fund - Class A |
| JNL Conservative Allocation Fund - Class A |
| JNL Growth Allocation Fund - Class A |
| JNL iShares Tactical Growth Fund - Class A |
| JNL iShares Tactical Moderate Fund - Class A |
| JNL iShares Tactical Moderate Growth Fund - Class A |
| JNL Moderate Allocation Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | — |
| $ | (2,875 | ) | $ | (1,347 | ) | $ | — |
| $ | (891 | ) | $ | — |
| $ | (6,097 | ) | |
Net realized gain (loss) on investments in Funds |
| — |
|
| 12,158 |
|
| 643 |
|
| — |
|
| (7,135 | ) |
| — |
|
| 21,285 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| — |
|
| 4,784 |
|
| 12,575 |
|
| — |
|
| 12,521 |
|
| — |
|
| 26,229 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| — |
|
| 14,067 |
|
| 11,871 |
|
| — |
|
| 4,495 |
|
| — |
|
| 41,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| — |
|
| — |
|
| (1,777 | ) |
| — |
|
| — |
|
| — |
|
| (2,029 | ) | |
Transfers between Investment Divisions |
| — |
|
| (224,624 | ) |
| (266 | ) |
| — |
|
| (119,087 | ) |
| — |
|
| (136,166 | ) | |
Contract owner charges |
| — |
|
| — |
|
| (138 | ) |
| — |
|
| — |
|
| — |
|
| (74 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| — |
|
| (224,624 | ) |
| (2,181 | ) |
| — |
|
| (119,087 | ) |
| — |
|
| (138,269 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| — |
|
| (210,557 | ) |
| 9,690 |
|
| — |
|
| (114,592 | ) |
| — |
|
| (96,852 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| — |
|
| 293,628 |
|
| 81,855 |
|
| — |
|
| 114,593 |
|
| — |
|
| 451,837 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | — |
| $ | 83,071 |
| $ | 91,545 |
| $ | — |
| $ | 1 |
| $ | — |
| $ | 354,985 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| — |
|
| 26,694 |
|
| 4,987 |
|
| — |
|
| 9,130 |
|
| — |
|
| 31,140 |
| |
Units issued |
| — |
|
| — |
|
| 36 |
|
| — |
|
| — |
|
| — |
|
| 1,553 |
| |
Units redeemed |
| — |
|
| (19,759 | ) |
| (163 | ) |
| — |
|
| (9,130 | ) |
| — |
|
| (10,551 | ) | |
Units outstanding at end of year |
| — |
|
| 6,935 |
|
| 4,860 |
|
| — |
|
| — |
|
| — |
|
| 22,142 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | — |
| $ | — |
| $ | 636 |
| $ | — |
| $ | — |
| $ | — |
| $ | 23,200 |
| |
Proceeds from sales | $ | — |
| $ | 227,499 |
| $ | 4,164 |
| $ | — |
| $ | 119,978 |
| $ | — |
| $ | 167,566 |
| |
See Notes to the Financial Statements.
18
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL Moderate Growth Allocation Fund - Class A |
| JNL Multi-Manager Alternative Fund - Class A |
| JNL Multi-Manager Emerging Markets Equity Fund - Class A |
| JNL Multi-Manager International Small Cap Fund - Class A |
| JNL Multi-Manager Mid Cap Fund - Class A |
| JNL Multi-Manager Small Cap Growth Fund - Class A |
| JNL Multi-Manager Small Cap Value Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (411 | ) | $ | (298 | ) | $ | (249 | ) | $ | 787 |
| $ | (1,802 | ) | $ | (1,544 | ) | $ | (6,205 | ) | |
Net realized gain (loss) on investments in Funds |
| 3,207 |
|
| (3 | ) |
| (4,631 | ) |
| (1,118 | ) |
| 7,343 |
|
| (11,392 | ) |
| 4,984 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 22 |
|
| 1,540 |
|
| 10,300 |
|
| 10,493 |
|
| 2,024 |
|
| 30,795 |
|
| 71,655 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 2,818 |
|
| 1,239 |
|
| 5,420 |
|
| 10,162 |
|
| 7,565 |
|
| 17,859 |
|
| 70,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| (1,613 | ) |
| (1,140 | ) |
| (14,944 | ) |
| (116 | ) |
| (7,465 | ) |
| (1,214 | ) |
| (66,978 | ) | |
Transfers between Investment Divisions |
| (12,624 | ) |
| 27,554 |
|
| (2,136 | ) |
| 13,793 |
|
| 1,081 |
|
| (108,454 | ) |
| (31,561 | ) | |
Contract owner charges |
| (124 | ) |
| — |
|
| (354 | ) |
| (107 | ) |
| (25 | ) |
| (137 | ) |
| (12 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (14,361 | ) |
| 26,414 |
|
| (17,434 | ) |
| 13,570 |
|
| (6,409 | ) |
| (109,805 | ) |
| (98,551 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (11,543 | ) |
| 27,653 |
|
| (12,014 | ) |
| 23,732 |
|
| 1,156 |
|
| (91,946 | ) |
| (28,117 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 31,825 |
|
| — |
|
| 75,656 |
|
| 39,604 |
|
| 61,845 |
|
| 149,910 |
|
| 437,450 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 20,282 |
| $ | 27,653 |
| $ | 63,642 |
| $ | 63,336 |
| $ | 63,001 |
| $ | 57,964 |
| $ | 409,333 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 1,993 |
|
| — |
|
| 7,002 |
|
| 3,746 |
|
| 3,836 |
|
| 4,212 |
|
| 18,759 |
| |
Units issued |
| 75 |
|
| 4,151 |
|
| 213 |
|
| 1,473 |
|
| 3,494 |
|
| 75 |
|
| 237 |
| |
Units redeemed |
| (925 | ) |
| (1,517 | ) |
| (1,786 | ) |
| (250 | ) |
| (3,813 | ) |
| (2,877 | ) |
| (4,270 | ) | |
Units outstanding at end of year |
| 1,143 |
|
| 2,634 |
|
| 5,429 |
|
| 4,969 |
|
| 3,517 |
|
| 1,410 |
|
| 14,726 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 1,277 |
| $ | 41,589 |
| $ | 3,261 |
| $ | 18,083 |
| $ | 59,389 |
| $ | 2,802 |
| $ | 5,949 |
| |
Proceeds from sales | $ | 16,049 |
| $ | 15,473 |
| $ | 20,944 |
| $ | 3,726 |
| $ | 67,599 |
| $ | 114,151 |
| $ | 110,705 |
| |
See Notes to the Financial Statements.
19
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AB Sustainable Global Thematic Fund - Class A |
| JNL/American Funds Balanced Fund - Class A |
| JNL/American Funds Bond Fund of America Fund - Class A |
| JNL/American Funds Capital Income Builder Fund - Class A |
| JNL/American Funds Capital World Bond Fund - Class A |
| JNL/American Funds Global Growth Fund - Class A |
| JNL/American Funds Global Small Capitalization Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | — |
| $ | (3,971 | ) | $ | (445 | ) | $ | (650 | ) | $ | (859 | ) | $ | — |
| $ | (90 | ) | |
Net realized gain (loss) on investments in Funds |
| — |
|
| 9,600 |
|
| (138 | ) |
| 691 |
|
| (259 | ) |
| — |
|
| (31 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| — |
|
| 24,305 |
|
| 572 |
|
| 2,799 |
|
| 3,441 |
|
| — |
|
| 1,001 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| — |
|
| 29,934 |
|
| (11 | ) |
| 2,840 |
|
| 2,323 |
|
| — |
|
| 880 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| 21,348 |
|
| — |
|
| — |
|
| 1,082 |
|
| — |
|
| — |
| |
Surrenders and terminations |
| — |
|
| (34,390 | ) |
| (1,727 | ) |
| (4,237 | ) |
| (818 | ) |
| — |
|
| — |
| |
Transfers between Investment Divisions |
| — |
|
| 12,232 |
|
| 43,284 |
|
| 969 |
|
| 1,330 |
|
| — |
|
| 211 |
| |
Contract owner charges |
| — |
|
| (1,272 | ) |
| — |
|
| (14 | ) |
| (20 | ) |
| — |
|
| (1 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| — |
|
| (2,082 | ) |
| 41,557 |
|
| (3,282 | ) |
| 1,574 |
|
| — |
|
| 210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| — |
|
| 27,852 |
|
| 41,546 |
|
| (442 | ) |
| 3,897 |
|
| — |
|
| 1,090 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| — |
|
| 249,494 |
|
| — |
|
| 43,919 |
|
| 53,959 |
|
| — |
|
| 5,756 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | — |
| $ | 277,346 |
| $ | 41,546 |
| $ | 43,477 |
| $ | 57,856 |
| $ | — |
| $ | 6,846 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| — |
|
| 12,437 |
|
| — |
|
| 3,857 |
|
| 6,173 |
|
| — |
|
| 350 |
| |
Units issued |
| — |
|
| 1,972 |
|
| 8,074 |
|
| 84 |
|
| 277 |
|
| — |
|
| 38 |
| |
Units redeemed |
| — |
|
| (2,081 | ) |
| (3,383 | ) |
| (370 | ) |
| (96 | ) |
| — |
|
| (23 | ) | |
Units outstanding at end of year |
| — |
|
| 12,328 |
|
| 4,691 |
|
| 3,571 |
|
| 6,354 |
|
| — |
|
| 365 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | — |
| $ | 42,604 |
| $ | 71,327 |
| $ | 971 |
| $ | 2,426 |
| $ | — |
| $ | 631 |
| |
Proceeds from sales | $ | — |
| $ | 48,658 |
| $ | 30,215 |
| $ | 4,902 |
| $ | 1,711 |
| $ | — |
| $ | 512 |
| |
See Notes to the Financial Statements.
20
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/American Funds Growth Allocation Fund - Class A |
| JNL/American Funds Growth Fund - Class A |
| JNL/American Funds Growth-Income Fund - Class A |
| JNL/American Funds International Fund - Class A |
| JNL/American Funds Moderate Growth Allocation Fund - Class A |
| JNL/American Funds New World Fund - Class A |
| JNL/American Funds Washington Mutual Investors Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (997 | ) | $ | (3,990 | ) | $ | (2,067 | ) | $ | (6,490 | ) | $ | (6,002 | ) | $ | (2,217 | ) | $ | (2,280 | ) | |
Net realized gain (loss) on investments in Funds |
| 999 |
|
| (1,326 | ) |
| 10,960 |
|
| 8,171 |
|
| 2,765 |
|
| 15,343 |
|
| 284 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 9,251 |
|
| 71,973 |
|
| 18,600 |
|
| 58,550 |
|
| 46,778 |
|
| 9,198 |
|
| 22,704 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 9,253 |
|
| 66,657 |
|
| 27,493 |
|
| 60,231 |
|
| 43,541 |
|
| 22,324 |
|
| 20,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 1,353 |
|
| 46,600 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (4,854 | ) |
| (14,062 | ) |
| (21,718 | ) |
| (1,463 | ) |
| (28,483 | ) |
| (23,170 | ) |
| (2,911 | ) | |
Transfers between Investment Divisions |
| (99 | ) |
| 164,957 |
|
| 20,739 |
|
| (98,560 | ) |
| (845 | ) |
| (135,578 | ) |
| 701 |
| |
Contract owner charges |
| (59 | ) |
| (33 | ) |
| (745 | ) |
| (6 | ) |
| (1,356 | ) |
| (12 | ) |
| (750 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (3,659 | ) |
| 197,462 |
|
| (1,724 | ) |
| (100,029 | ) |
| (30,684 | ) |
| (158,760 | ) |
| (2,960 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 5,594 |
|
| 264,119 |
|
| 25,769 |
|
| (39,798 | ) |
| 12,857 |
|
| (136,436 | ) |
| 17,748 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 62,176 |
|
| 123,573 |
|
| 122,819 |
|
| 468,084 |
|
| 375,996 |
|
| 191,262 |
|
| 139,648 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 67,770 |
| $ | 387,692 |
| $ | 148,588 |
| $ | 428,286 |
| $ | 388,853 |
| $ | 54,826 |
| $ | 157,396 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 3,339 |
|
| 3,994 |
|
| 4,373 |
|
| 36,748 |
|
| 23,713 |
|
| 14,063 |
|
| 5,213 |
| |
Units issued |
| 68 |
|
| 6,663 |
|
| 927 |
|
| 36 |
|
| 4 |
|
| 492 |
|
| 26 |
| |
Units redeemed |
| (251 | ) |
| (1,436 | ) |
| (1,016 | ) |
| (7,186 | ) |
| (1,830 | ) |
| (11,024 | ) |
| (134 | ) | |
Units outstanding at end of year |
| 3,156 |
|
| 9,221 |
|
| 4,284 |
|
| 29,598 |
|
| 21,887 |
|
| 3,531 |
|
| 5,105 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 1,353 |
| $ | 249,825 |
| $ | 29,395 |
| $ | 489 |
| $ | 70 |
| $ | 6,982 |
| $ | 726 |
| |
Proceeds from sales | $ | 6,010 |
| $ | 56,353 |
| $ | 33,186 |
| $ | 107,008 |
| $ | 36,756 |
| $ | 167,960 |
| $ | 5,966 |
| |
See Notes to the Financial Statements.
21
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AQR Large Cap Defensive Style Fund - Class A |
| JNL/Baillie Gifford International Growth Fund - Class A |
| JNL/BlackRock Global Allocation Fund - Class A |
| JNL/BlackRock Global Natural Resources Fund - Class A |
| JNL/BlackRock Large Cap Select Growth Fund - Class A |
| JNL/Causeway International Value Select Fund - Class A |
| JNL/ClearBridge Large Cap Growth Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,382 | ) | $ | (1,428 | ) | $ | (5,926 | ) | $ | (3,279 | ) | $ | (22,179 | ) | $ | (503 | ) | $ | (734 | ) | |
Net realized gain (loss) on investments in Funds |
| 519 |
|
| 2,599 |
|
| 5,602 |
|
| 15,685 |
|
| 115,927 |
|
| 12,351 |
|
| 2,786 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 7,974 |
|
| 5,099 |
|
| 42,283 |
|
| (17,051 | ) |
| 451,913 |
|
| 84,114 |
|
| 9,707 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 7,111 |
|
| 6,270 |
|
| 41,959 |
|
| (4,645 | ) |
| 545,661 |
|
| 95,962 |
|
| 11,759 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| — |
|
| 311 |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (432 | ) |
| (1,595 | ) |
| (2,919 | ) |
| (36,576 | ) |
| (203,849 | ) |
| (63,239 | ) |
| (15,430 | ) | |
Transfers between Investment Divisions |
| 241 |
|
| (3,808 | ) |
| 401 |
|
| (111,922 | ) |
| 164,563 |
|
| (24,418 | ) |
| 72,618 |
| |
Contract owner charges |
| (10 | ) |
| — |
|
| (4,536 | ) |
| (790 | ) |
| (1,210 | ) |
| (601 | ) |
| (20 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (201 | ) |
| (5,403 | ) |
| (7,054 | ) |
| (149,288 | ) |
| (40,185 | ) |
| (88,258 | ) |
| 57,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 6,910 |
|
| 867 |
|
| 34,905 |
|
| (153,933 | ) |
| 505,476 |
|
| 7,704 |
|
| 68,927 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 80,026 |
|
| 16,388 |
|
| 352,103 |
|
| 284,938 |
|
| 1,275,253 |
|
| 399,710 |
|
| 11,710 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 86,936 |
| $ | 17,255 |
| $ | 387,008 |
| $ | 131,005 |
| $ | 1,780,729 |
| $ | 407,414 |
| $ | 80,637 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 6,353 |
|
| 1,665 |
|
| 24,708 |
|
| 24,787 |
|
| 82,033 |
|
| 33,621 |
|
| 838 |
| |
Units issued |
| 650 |
|
| 18,096 |
|
| 903 |
|
| 1,947 |
|
| 11,925 |
|
| 47 |
|
| 4,117 |
| |
Units redeemed |
| (659 | ) |
| (18,193 | ) |
| (1,387 | ) |
| (14,997 | ) |
| (16,165 | ) |
| (6,496 | ) |
| (892 | ) | |
Units outstanding at end of year |
| 6,344 |
|
| 1,568 |
|
| 24,224 |
|
| 11,737 |
|
| 77,793 |
|
| 27,172 |
|
| 4,063 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 8,357 |
| $ | 198,772 |
| $ | 13,530 |
| $ | 23,303 |
| $ | 261,099 |
| $ | 6,532 |
| $ | 73,322 |
| |
Proceeds from sales | $ | 9,940 |
| $ | 205,603 |
| $ | 26,510 |
| $ | 175,869 |
| $ | 323,464 |
| $ | 95,292 |
| $ | 16,887 |
| |
See Notes to the Financial Statements.
22
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/DFA International Core Equity Fund - Class A |
| JNL/DFA U.S. Core Equity Fund - Class A |
| JNL/DFA U.S. Small Cap Fund - Class A |
| JNL/DoubleLine Core Fixed Income Fund - Class A |
| JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A |
| JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A |
| JNL/DoubleLine Total Return Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | 263 |
| $ | (16,989 | ) | $ | (612 | ) | $ | (29,857 | ) | $ | (137 | ) | $ | (268 | ) | $ | (615 | ) | |
Net realized gain (loss) on investments in Funds |
| 5,267 |
|
| 60,424 |
|
| 5,186 |
|
| (9,867 | ) |
| (47 | ) |
| 466 |
|
| (138 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 1,137 |
|
| 158,788 |
|
| 3,321 |
|
| 127,164 |
|
| 829 |
|
| 4,333 |
|
| 2,038 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 6,667 |
|
| 202,223 |
|
| 7,895 |
|
| 87,440 |
|
| 645 |
|
| 4,531 |
|
| 1,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| (1,132 | ) |
| (113,293 | ) |
| (18,552 | ) |
| (244,484 | ) |
| (63 | ) |
| (412 | ) |
| (1,113 | ) | |
Transfers between Investment Divisions |
| (25,067 | ) |
| 4,542 |
|
| (65,299 | ) |
| 87,786 |
|
| 51 |
|
| 5,714 |
|
| 2,577 |
| |
Contract owner charges |
| — |
|
| (3,560 | ) |
| — |
|
| (1,578 | ) |
| (11 | ) |
| (41 | ) |
| (1 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (26,199 | ) |
| (112,311 | ) |
| (83,851 | ) |
| (158,276 | ) |
| (23 | ) |
| 5,261 |
|
| 1,463 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (19,532 | ) |
| 89,912 |
|
| (75,956 | ) |
| (70,836 | ) |
| 622 |
|
| 9,792 |
|
| 2,748 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 47,511 |
|
| 1,046,123 |
|
| 75,956 |
|
| 2,022,832 |
|
| 8,446 |
|
| 15,320 |
|
| 37,929 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 27,979 |
| $ | 1,136,035 |
| $ | — |
| $ | 1,951,996 |
| $ | 9,068 |
| $ | 25,112 |
| $ | 40,677 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 4,443 |
|
| 36,424 |
|
| 3,508 |
|
| 112,213 |
|
| 874 |
|
| 774 |
|
| 3,889 |
| |
Units issued |
| 4,200 |
|
| 371 |
|
| — |
|
| 5,292 |
|
| 168 |
|
| 315 |
|
| 258 |
| |
Units redeemed |
| (6,357 | ) |
| (3,947 | ) |
| (3,508 | ) |
| (13,812 | ) |
| (170 | ) |
| (78 | ) |
| (112 | ) | |
Units outstanding at end of year |
| 2,286 |
|
| 32,848 |
|
| — |
|
| 103,693 |
|
| 872 |
|
| 1,011 |
|
| 4,035 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 50,634 |
| $ | 11,588 |
| $ | — |
| $ | 97,113 |
| $ | 1,630 |
| $ | 6,988 |
| $ | 2,577 |
| |
Proceeds from sales | $ | 76,570 |
| $ | 140,887 |
| $ | 84,463 |
| $ | 285,246 |
| $ | 1,790 |
| $ | 1,994 |
| $ | 1,729 |
| |
See Notes to the Financial Statements.
23
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A |
| JNL/First Sentier Global Infrastructure Fund - Class A |
| JNL/Franklin Templeton Income Fund - Class A |
| JNL/Goldman Sachs 4 Fund - Class A |
| JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A |
| JNL/Goldman Sachs Managed Conservative Fund - Class A |
| JNL/Goldman Sachs Managed Growth Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (8,763 | ) | $ | (215 | ) | $ | (16,513 | ) | $ | (2,401 | ) | $ | (27,188 | ) | $ | (391 | ) | $ | (52,280 | ) | |
Net realized gain (loss) on investments in Funds |
| (1,459 | ) |
| 59 |
|
| 23,662 |
|
| (3,231 | ) |
| 147,476 |
|
| 29 |
|
| 292,546 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 38,817 |
|
| 330 |
|
| 61,912 |
|
| 23,806 |
|
| 185,947 |
|
| 2,108 |
|
| 328,135 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 28,595 |
|
| 174 |
|
| 69,061 |
|
| 18,174 |
|
| 306,235 |
|
| 1,746 |
|
| 568,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| 1,353 |
|
| 8,580 |
|
| 11,635 |
|
| 60,837 |
| |
Surrenders and terminations |
| (16,425 | ) |
| — |
|
| (41,130 | ) |
| (6,291 | ) |
| (392,435 | ) |
| — |
|
| (409,546 | ) | |
Transfers between Investment Divisions |
| 10,597 |
|
| 1,360 |
|
| (11,148 | ) |
| (45,901 | ) |
| 23,789 |
|
| — |
|
| 27,906 |
| |
Contract owner charges |
| (343 | ) |
| (4 | ) |
| (1,608 | ) |
| (816 | ) |
| (1,609 | ) |
| (94 | ) |
| (931 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (6,171 | ) |
| 1,356 |
|
| (53,886 | ) |
| (51,655 | ) |
| (361,675 | ) |
| 11,541 |
|
| (321,734 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 22,424 |
|
| 1,530 |
|
| 15,175 |
|
| (33,481 | ) |
| (55,440 | ) |
| 13,287 |
|
| 246,667 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 562,288 |
|
| 12,926 |
|
| 1,081,086 |
|
| 185,453 |
|
| 1,671,954 |
|
| 23,273 |
|
| 3,229,650 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 584,712 |
| $ | 14,456 |
| $ | 1,096,261 |
| $ | 151,972 |
| $ | 1,616,514 |
| $ | 36,560 |
| $ | 3,476,317 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 31,422 |
|
| 756 |
|
| 61,736 |
|
| 5,818 |
|
| 63,003 |
|
| 1,741 |
|
| 130,379 |
| |
Units issued |
| 779 |
|
| 89 |
|
| 2,747 |
|
| 1,096 |
|
| 1,140 |
|
| 832 |
|
| 8,032 |
| |
Units redeemed |
| (1,135 | ) |
| (9 | ) |
| (5,806 | ) |
| (2,653 | ) |
| (13,402 | ) |
| (7 | ) |
| (19,869 | ) | |
Units outstanding at end of year |
| 31,066 |
|
| 836 |
|
| 58,677 |
|
| 4,261 |
|
| 50,741 |
|
| 2,566 |
|
| 118,542 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 14,264 |
| $ | 1,506 |
| $ | 49,676 |
| $ | 35,878 |
| $ | 30,683 |
| $ | 11,635 |
| $ | 217,029 |
| |
Proceeds from sales | $ | 29,198 |
| $ | 364 |
| $ | 120,075 |
| $ | 89,934 |
| $ | 419,546 |
| $ | 484 |
| $ | 591,043 |
| |
See Notes to the Financial Statements.
24
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Goldman Sachs Managed Moderate Fund - Class A |
| JNL/Goldman Sachs Managed Moderate Growth Fund - Class A |
| JNL/GQG Emerging Markets Equity Fund - Class A |
| JNL/Harris Oakmark Global Equity Fund - Class A |
| JNL/Heitman U.S. Focused Real Estate Fund - Class A |
| JNL/Invesco Diversified Dividend Fund - Class A |
| JNL/Invesco Global Growth Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (4,555 | ) | $ | (63,883 | ) | $ | (127 | ) | $ | (19 | ) | $ | — |
| $ | (646 | ) | $ | (19,070 | ) | |
Net realized gain (loss) on investments in Funds |
| 33,772 |
|
| 354,147 |
|
| 171 |
|
| 439 |
|
| — |
|
| 24,312 |
|
| 43,698 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (1,077 | ) |
| 244,216 |
|
| 2,241 |
|
| 2,337 |
|
| — |
|
| (17,022 | ) |
| 322,661 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 28,140 |
|
| 534,480 |
|
| 2,285 |
|
| 2,757 |
|
| — |
|
| 6,644 |
|
| 347,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| 33,233 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 332 |
| |
Surrenders and terminations |
| (14,624 | ) |
| (297,652 | ) |
| (170 | ) |
| (83 | ) |
| — |
|
| (56,544 | ) |
| (111,131 | ) | |
Transfers between Investment Divisions |
| (90,557 | ) |
| (11,358 | ) |
| 2,247 |
|
| (896 | ) |
| — |
|
| (605,825 | ) |
| (32,833 | ) | |
Contract owner charges |
| (164 | ) |
| (609 | ) |
| (4 | ) |
| (26 | ) |
| — |
|
| — |
|
| (2,814 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (105,345 | ) |
| (276,386 | ) |
| 2,073 |
|
| (1,005 | ) |
| — |
|
| (662,369 | ) |
| (146,446 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (77,205 | ) |
| 258,094 |
|
| 4,358 |
|
| 1,752 |
|
| — |
|
| (655,725 | ) |
| 200,843 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 345,389 |
|
| 4,015,623 |
|
| 7,514 |
|
| 15,130 |
|
| — |
|
| 655,725 |
|
| 1,132,702 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 268,184 |
| $ | 4,273,717 |
| $ | 11,872 |
| $ | 16,882 |
| $ | — |
| $ | — |
| $ | 1,333,545 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 20,905 |
|
| 190,914 |
|
| 741 |
|
| 1,387 |
|
| — |
|
| 51,112 |
|
| 42,224 |
| |
Units issued |
| — |
|
| 44,977 |
|
| 421 |
|
| 64 |
|
| — |
|
| — |
|
| 542 |
| |
Units redeemed |
| (6,097 | ) |
| (58,150 | ) |
| (242 | ) |
| (141 | ) |
| — |
|
| (51,112 | ) |
| (5,212 | ) | |
Units outstanding at end of year |
| 14,808 |
|
| 177,741 |
|
| 920 |
|
| 1,310 |
|
| — |
|
| — |
|
| 37,554 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | — |
| $ | 1,069,579 |
| $ | 4,734 |
| $ | 1,124 |
| $ | — |
| $ | — |
| $ | 17,078 |
| |
Proceeds from sales | $ | 109,900 |
| $ | 1,409,849 |
| $ | 2,787 |
| $ | 2,007 |
| $ | — |
| $ | 663,015 |
| $ | 182,594 |
| |
See Notes to the Financial Statements.
25
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Invesco Small Cap Growth Fund - Class A |
| JNL/JPMorgan Global Allocation Fund - Class A |
| JNL/JPMorgan Hedged Equity Fund - Class A |
| JNL/JPMorgan MidCap Growth Fund - Class A |
| JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
| JNL/JPMorgan U.S. Value Fund - Class A |
| JNL/Lazard International Strategic Equity Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,829 | ) | $ | (7,403 | ) | $ | (1,267 | ) | $ | (13,078 | ) | $ | (1,740 | ) | $ | (5,500 | ) | $ | (16 | ) | |
Net realized gain (loss) on investments in Funds |
| (12,336 | ) |
| 1,715 |
|
| 3,627 |
|
| 80,414 |
|
| (1,703 | ) |
| 5,641 |
|
| (185 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 21,035 |
|
| 57,347 |
|
| 8,234 |
|
| 92,244 |
|
| 5,718 |
|
| 24,536 |
|
| 942 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 6,870 |
|
| 51,659 |
|
| 10,594 |
|
| 159,580 |
|
| 2,275 |
|
| 24,677 |
|
| 741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| (71,730 | ) |
| (121 | ) |
| (3,896 | ) |
| (139,135 | ) |
| (2,854 | ) |
| (5,519 | ) |
| (276 | ) | |
Transfers between Investment Divisions |
| (6,398 | ) |
| 26,733 |
|
| 23,515 |
|
| (85,456 | ) |
| 30,125 |
|
| (2,082 | ) |
| (158 | ) | |
Contract owner charges |
| (19 | ) |
| (16 | ) |
| (7 | ) |
| (401 | ) |
| (38 | ) |
| (847 | ) |
| — |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (78,147 | ) |
| 26,596 |
|
| 19,612 |
|
| (224,992 | ) |
| 27,233 |
|
| (8,448 | ) |
| (434 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (71,277 | ) |
| 78,255 |
|
| 30,206 |
|
| (65,412 | ) |
| 29,508 |
|
| 16,229 |
|
| 307 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 137,349 |
|
| 455,727 |
|
| 63,271 |
|
| 827,658 |
|
| 93,927 |
|
| 346,385 |
|
| 5,470 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 66,072 |
| $ | 533,982 |
| $ | 93,477 |
| $ | 762,246 |
| $ | 123,435 |
| $ | 362,614 |
| $ | 5,777 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 4,001 |
|
| 40,332 |
|
| 5,303 |
|
| 20,039 |
|
| 7,520 |
|
| 20,656 |
|
| 400 |
| |
Units issued |
| 35 |
|
| 2,710 |
|
| 4,859 |
|
| 570 |
|
| 4,427 |
|
| 316 |
|
| 15 |
| |
Units redeemed |
| (2,287 | ) |
| (447 | ) |
| (3,277 | ) |
| (5,410 | ) |
| (2,332 | ) |
| (810 | ) |
| (47 | ) | |
Units outstanding at end of year |
| 1,749 |
|
| 42,595 |
|
| 6,885 |
|
| 15,199 |
|
| 9,615 |
|
| 20,162 |
|
| 368 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 1,207 |
| $ | 31,761 |
| $ | 62,067 |
| $ | 25,475 |
| $ | 56,968 |
| $ | 5,435 |
| $ | 295 |
| |
Proceeds from sales | $ | 81,183 |
| $ | 12,568 |
| $ | 43,722 |
| $ | 263,545 |
| $ | 31,475 |
| $ | 19,383 |
| $ | 745 |
| |
See Notes to the Financial Statements.
26
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Loomis Sayles Global Growth Fund - Class A |
| JNL/Lord Abbett Short Duration Income Fund - Class A |
| JNL/Mellon Bond Index Fund - Class A |
| JNL/Mellon Communication Services Sector Fund - Class A |
| JNL/Mellon Consumer Discretionary Sector Fund - Class A |
| JNL/Mellon Consumer Staples Sector Fund - Class A |
| JNL/Mellon Dow Index Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,327 | ) | $ | 3,834 |
| $ | (3,712 | ) | $ | (914 | ) | $ | (2,128 | ) | $ | (477 | ) | $ | — |
| |
Net realized gain (loss) on investments in Funds |
| 5,381 |
|
| 12 |
|
| (604 | ) |
| (475 | ) |
| 3,007 |
|
| 1,737 |
|
| — |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 15,724 |
|
| 1,343 |
|
| 11,888 |
|
| 16,899 |
|
| 49,343 |
|
| (1,373 | ) |
| — |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 19,778 |
|
| 5,189 |
|
| 7,572 |
|
| 15,510 |
|
| 50,222 |
|
| (113 | ) |
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 812 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (3,949 | ) |
| — |
|
| (1,188 | ) |
| (2,979 | ) |
| (36,719 | ) |
| (1,091 | ) |
| — |
| |
Transfers between Investment Divisions |
| 64,629 |
|
| 186,104 |
|
| 3,812 |
|
| 422,738 |
|
| (121,159 | ) |
| 111 |
|
| — |
| |
Contract owner charges |
| (8 | ) |
| — |
|
| (43 | ) |
| (4 | ) |
| (23 | ) |
| (14 | ) |
| — |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 61,484 |
|
| 186,104 |
|
| 2,581 |
|
| 419,755 |
|
| (157,901 | ) |
| (994 | ) |
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 81,262 |
|
| 191,293 |
|
| 10,153 |
|
| 435,265 |
|
| (107,679 | ) |
| (1,107 | ) |
| — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 52,726 |
|
| — |
|
| 228,452 |
|
| 17,752 |
|
| 222,773 |
|
| 25,473 |
|
| — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 133,988 |
| $ | 191,293 |
| $ | 238,605 |
| $ | 453,017 |
| $ | 115,094 |
| $ | 24,366 |
| $ | — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 4,650 |
|
| — |
|
| 19,595 |
|
| 751 |
|
| 5,667 |
|
| 1,834 |
|
| — |
| |
Units issued |
| 4,717 |
|
| 19,352 |
|
| 484 |
|
| 11,636 |
|
| 7 |
|
| 702 |
|
| — |
| |
Units redeemed |
| (548 | ) |
| — |
|
| (266 | ) |
| (110 | ) |
| (3,521 | ) |
| (782 | ) |
| — |
| |
Units outstanding at end of year |
| 8,819 |
|
| 19,352 |
|
| 19,813 |
|
| 12,277 |
|
| 2,153 |
|
| 1,754 |
|
| — |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 73,151 |
| $ | 191,597 |
| $ | 5,744 |
| $ | 422,738 |
| $ | 330 |
| $ | 9,923 |
| $ | — |
| |
Proceeds from sales | $ | 8,840 |
| $ | 1,659 |
| $ | 6,874 |
| $ | 3,897 |
| $ | 160,359 |
| $ | 11,394 |
| $ | — |
| |
See Notes to the Financial Statements.
27
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Emerging Markets Index Fund - Class A |
| JNL/Mellon Energy Sector Fund - Class A |
| JNL/Mellon Financial Sector Fund - Class A |
| JNL/Mellon Healthcare Sector Fund - Class A |
| JNL/Mellon Industrials Sector Fund - Class A |
| JNL/Mellon Information Technology Sector Fund - Class A |
| JNL/Mellon International Index Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,397 | ) | $ | (9,544 | ) | $ | (1,456 | ) | $ | (3,197 | ) | $ | (33 | ) | $ | (3,046 | ) | $ | (5,215 | ) | |
Net realized gain (loss) on investments in Funds |
| (4,560 | ) |
| 28,667 |
|
| 6,711 |
|
| 15,537 |
|
| 2 |
|
| 51,479 |
|
| (463 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 12,292 |
|
| (87,705 | ) |
| 6,446 |
|
| (12,636 | ) |
| 368 |
|
| 28,612 |
|
| 53,367 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 6,335 |
|
| (68,582 | ) |
| 11,701 |
|
| (296 | ) |
| 337 |
|
| 77,045 |
|
| 47,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| 1,484 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (25,059 | ) |
| (147,485 | ) |
| — |
|
| (32,670 | ) |
| — |
|
| (42,234 | ) |
| (9,812 | ) | |
Transfers between Investment Divisions |
| 8,555 |
|
| (193,139 | ) |
| (17,455 | ) |
| 25,494 |
|
| — |
|
| 379,601 |
|
| (5,754 | ) | |
Contract owner charges |
| (40 | ) |
| (817 | ) |
| (833 | ) |
| (46 | ) |
| — |
|
| (112 | ) |
| (155 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (16,544 | ) |
| (339,957 | ) |
| (18,288 | ) |
| (7,222 | ) |
| — |
|
| 337,255 |
|
| (15,721 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (10,209 | ) |
| (408,539 | ) |
| (6,587 | ) |
| (7,518 | ) |
| 337 |
|
| 414,300 |
|
| 31,968 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 91,690 |
|
| 1,043,746 |
|
| 102,417 |
|
| 220,050 |
|
| 1,870 |
|
| 194,290 |
|
| 319,695 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 81,481 |
| $ | 635,207 |
| $ | 95,830 |
| $ | 212,532 |
| $ | 2,207 |
| $ | 608,590 |
| $ | 351,663 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 9,597 |
|
| 30,636 |
|
| 6,136 |
|
| 4,732 |
|
| 136 |
|
| 3,591 |
|
| 18,748 |
| |
Units issued |
| 939 |
|
| 15,034 |
|
| 434 |
|
| 911 |
|
| — |
|
| 5,870 |
|
| 303 |
| |
Units redeemed |
| (2,621 | ) |
| (26,520 | ) |
| (1,530 | ) |
| (1,085 | ) |
| — |
|
| (2,230 | ) |
| (1,162 | ) | |
Units outstanding at end of year |
| 7,915 |
|
| 19,150 |
|
| 5,040 |
|
| 4,558 |
|
| 136 |
|
| 7,231 |
|
| 17,889 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 9,613 |
| $ | 513,454 |
| $ | 8,130 |
| $ | 41,581 |
| $ | — |
| $ | 482,006 |
| $ | 5,809 |
| |
Proceeds from sales | $ | 27,554 |
| $ | 862,954 |
| $ | 27,874 |
| $ | 51,999 |
| $ | 33 |
| $ | 147,797 |
| $ | 26,744 |
| |
See Notes to the Financial Statements.
28
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Materials Sector Fund - Class A |
| JNL/Mellon Nasdaq® 100 Index Fund - Class A |
| JNL/Mellon Real Estate Sector Fund - Class A |
| JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| JNL/Mellon S&P 500 Index Fund - Class A |
| JNL/Mellon Small Cap Index Fund - Class A |
| JNL/Mellon U.S. Stock Market Index Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (622 | ) | $ | (9,605 | ) | $ | (130 | ) | $ | (3,436 | ) | $ | (44,597 | ) | $ | (19,177 | ) | $ | (12,880 | ) | |
Net realized gain (loss) on investments in Funds |
| 1,762 |
|
| 103,041 |
|
| 6 |
|
| 4,926 |
|
| 240,244 |
|
| 15,381 |
|
| (984 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 6,405 |
|
| 92,318 |
|
| 1,065 |
|
| 18,012 |
|
| 391,957 |
|
| 133,600 |
|
| 185,941 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 7,545 |
|
| 185,754 |
|
| 941 |
|
| 19,502 |
|
| 587,604 |
|
| 129,804 |
|
| 172,077 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 1,019 |
|
| — |
| |
Surrenders and terminations |
| (17,862 | ) |
| (5,726 | ) |
| — |
|
| (4,950 | ) |
| (268,570 | ) |
| (82,670 | ) |
| (6,916 | ) | |
Transfers between Investment Divisions |
| (62,474 | ) |
| (100,950 | ) |
| 1,671 |
|
| (57,907 | ) |
| (515,038 | ) |
| 111,762 |
|
| (75,682 | ) | |
Contract owner charges |
| — |
|
| (228 | ) |
| — |
|
| (52 | ) |
| (4,877 | ) |
| (325 | ) |
| (2,388 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (80,336 | ) |
| (106,904 | ) |
| 1,671 |
|
| (62,909 | ) |
| (788,485 | ) |
| 29,786 |
|
| (84,986 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (72,791 | ) |
| 78,850 |
|
| 2,612 |
|
| (43,407 | ) |
| (200,881 | ) |
| 159,590 |
|
| 87,091 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 74,823 |
|
| 280,539 |
|
| 7,833 |
|
| 144,935 |
|
| 3,005,104 |
|
| 1,338,548 |
|
| 772,572 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 2,032 |
| $ | 359,389 |
| $ | 10,445 |
| $ | 101,528 |
| $ | 2,804,223 |
| $ | 1,498,138 |
| $ | 859,663 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 5,691 |
|
| 7,028 |
|
| 703 |
|
| 3,913 |
|
| 89,064 |
|
| 43,276 |
|
| 53,108 |
| |
Units issued |
| — |
|
| 22,951 |
|
| 156 |
|
| 8,348 |
|
| 9,809 |
|
| 30,517 |
|
| 1,301 |
| |
Units redeemed |
| (5,554 | ) |
| (24,152 | ) |
| (1 | ) |
| (9,847 | ) |
| (31,493 | ) |
| (31,268 | ) |
| (6,658 | ) | |
Units outstanding at end of year |
| 137 |
|
| 5,827 |
|
| 858 |
|
| 2,414 |
|
| 67,380 |
|
| 42,525 |
|
| 47,751 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | — |
| $ | 1,334,629 |
| $ | 1,683 |
| $ | 326,225 |
| $ | 390,328 |
| $ | 1,041,403 |
| $ | 21,231 |
| |
Proceeds from sales | $ | 80,958 |
| $ | 1,451,138 |
| $ | 142 |
| $ | 392,570 |
| $ | 1,223,410 |
| $ | 1,030,794 |
| $ | 119,097 |
| |
See Notes to the Financial Statements.
29
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Utilities Sector Fund - Class A |
| JNL/Mellon World Index Fund - Class A |
| JNL/MFS Mid Cap Value Fund - Class A |
| JNL/Morningstar U.S. Sustainability Index Fund - Class A |
| JNL/Morningstar Wide Moat Index Fund - Class A |
| JNL/Neuberger Berman Strategic Income Fund - Class A |
| JNL/Newton Equity Income Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (530 | ) | $ | (658 | ) | $ | (18,379 | ) | $ | (19 | ) | $ | (2,269 | ) | $ | (1,425 | ) | $ | (2,353 | ) | |
Net realized gain (loss) on investments in Funds |
| 286 |
|
| 1,534 |
|
| 39,451 |
|
| 81 |
|
| 54,385 |
|
| 77 |
|
| 6,437 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (3,790 | ) |
| 6,855 |
|
| 94,742 |
|
| — |
|
| 5,564 |
|
| 8,904 |
|
| 7,404 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (4,034 | ) |
| 7,731 |
|
| 115,814 |
|
| 62 |
|
| 57,680 |
|
| 7,556 |
|
| 11,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| 718 |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (880 | ) |
| (1,173 | ) |
| (119,228 | ) |
| — |
|
| (3,335 | ) |
| — |
|
| (1,125 | ) | |
Transfers between Investment Divisions |
| (16,698 | ) |
| 25,695 |
|
| (21,031 | ) |
| (62 | ) |
| 159,043 |
|
| — |
|
| 43,135 |
| |
Contract owner charges |
| (5 | ) |
| (4 | ) |
| (574 | ) |
| — |
|
| — |
|
| (3 | ) |
| (74 | ) | |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (17,583 | ) |
| 24,518 |
|
| (140,115 | ) |
| (62 | ) |
| 155,708 |
|
| (3 | ) |
| 41,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (21,617 | ) |
| 32,249 |
|
| (24,301 | ) |
| — |
|
| 213,388 |
|
| 7,553 |
|
| 53,424 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 41,457 |
|
| 21,581 |
|
| 1,167,470 |
|
| — |
|
| 5,416 |
|
| 92,683 |
|
| 66,930 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 19,840 |
| $ | 53,830 |
| $ | 1,143,169 |
| $ | — |
| $ | 218,804 |
| $ | 100,236 |
| $ | 120,354 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 2,162 |
|
| 808 |
|
| 42,301 |
|
| — |
|
| 379 |
|
| 8,442 |
|
| 1,997 |
| |
Units issued |
| 250 |
|
| 1,679 |
|
| 2,197 |
|
| 195 |
|
| 36,736 |
|
| — |
|
| 3,651 |
| |
Units redeemed |
| (1,270 | ) |
| (828 | ) |
| (7,066 | ) |
| (195 | ) |
| (25,189 | ) |
| — |
|
| (2,356 | ) | |
Units outstanding at end of year |
| 1,142 |
|
| 1,659 |
|
| 37,432 |
|
| — |
|
| 11,926 |
|
| 8,442 |
|
| 3,292 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 4,961 |
| $ | 48,757 |
| $ | 61,452 |
| $ | 3,534 |
| $ | 597,990 |
| $ | — |
| $ | 125,217 |
| |
Proceeds from sales | $ | 23,074 |
| $ | 24,896 |
| $ | 219,947 |
| $ | 3,615 |
| $ | 436,405 |
| $ | 1,427 |
| $ | 85,634 |
| |
See Notes to the Financial Statements.
30
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/PIMCO Income Fund - Class A |
| JNL/PIMCO Investment Grade Credit Bond Fund - Class A |
| JNL/PIMCO Real Return Fund - Class A |
| JNL/PPM America Floating Rate Income Fund - Class A |
| JNL/PPM America High Yield Bond Fund - Class A |
| JNL/PPM America Total Return Fund - Class A |
| JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,272 | ) | $ | (1 | ) | $ | (1,646 | ) | $ | (350 | ) | $ | (11,836 | ) | $ | (70 | ) | $ | (852 | ) | |
Net realized gain (loss) on investments in Funds |
| (538 | ) |
| — |
|
| 294 |
|
| 1,385 |
|
| 4,593 |
|
| (10 | ) |
| 7,923 |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 6,071 |
|
| 6 |
|
| 3,638 |
|
| 1,467 |
|
| 88,215 |
|
| 286 |
|
| 1,189 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 4,261 |
|
| 5 |
|
| 2,286 |
|
| 2,502 |
|
| 80,972 |
|
| 206 |
|
| 8,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| — |
|
| 520 |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (39,797 | ) |
| — |
|
| (4,698 | ) |
| (13,555 | ) |
| (34,339 | ) |
| — |
|
| (600 | ) | |
Transfers between Investment Divisions |
| 36,944 |
|
| 13 |
|
| 2,375 |
|
| 24,839 |
|
| 18,926 |
|
| — |
|
| (22,676 | ) | |
Contract owner charges |
| (8 | ) |
| — |
|
| (134 | ) |
| (14 | ) |
| (829 | ) |
| (5 | ) |
| — |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (2,861 | ) |
| 13 |
|
| (2,457 | ) |
| 11,270 |
|
| (15,722 | ) |
| (5 | ) |
| (23,276 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 1,400 |
|
| 18 |
|
| (171 | ) |
| 13,772 |
|
| 65,250 |
|
| 201 |
|
| (15,016 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 71,174 |
|
| 66 |
|
| 102,600 |
|
| 19,825 |
|
| 735,859 |
|
| 4,202 |
|
| 40,591 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 72,574 |
| $ | 84 |
| $ | 102,429 |
| $ | 33,597 |
| $ | 801,109 |
| $ | 4,403 |
| $ | 25,575 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 7,262 |
|
| 6 |
|
| 7,504 |
|
| 1,783 |
|
| 33,551 |
|
| 248 |
|
| 2,174 |
| |
Units issued |
| 5,908 |
|
| 1 |
|
| 678 |
|
| 2,070 |
|
| 2,034 |
|
| — |
|
| 1,594 |
| |
Units redeemed |
| (6,258 | ) |
| — |
|
| (863 | ) |
| (1,173 | ) |
| (2,720 | ) |
| — |
|
| (2,603 | ) | |
Units outstanding at end of year |
| 6,912 |
|
| 7 |
|
| 7,319 |
|
| 2,680 |
|
| 32,865 |
|
| 248 |
|
| 1,165 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 59,430 |
| $ | 12 |
| $ | 9,416 |
| $ | 25,050 |
| $ | 46,546 |
| $ | — |
| $ | 30,976 |
| |
Proceeds from sales | $ | 63,563 |
| $ | 1 |
| $ | 13,519 |
| $ | 14,129 |
| $ | 74,104 |
| $ | 75 |
| $ | 55,104 |
| |
See Notes to the Financial Statements.
31
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
| JNL/T. Rowe Price Balanced Fund - Class A |
| JNL/T. Rowe Price Capital Appreciation Fund - Class A |
| JNL/T. Rowe Price Established Growth Fund - Class A |
| JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
| JNL/T. Rowe Price Short-Term Bond Fund - Class A |
| JNL/T. Rowe Price U.S. High Yield Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (21,047 | ) | $ | (135 | ) | $ | (15,839 | ) | $ | (40,165 | ) | $ | (45,638 | ) | $ | (7,605 | ) | $ | — |
| |
Net realized gain (loss) on investments in Funds |
| 56,773 |
|
| 40 |
|
| 3,478 |
|
| 100,989 |
|
| 98,282 |
|
| 89 |
|
| — |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 99,703 |
|
| 1,316 |
|
| 157,868 |
|
| 918,934 |
|
| 439,014 |
|
| 23,492 |
|
| — |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 135,429 |
|
| 1,221 |
|
| 145,507 |
|
| 979,758 |
|
| 491,658 |
|
| 15,976 |
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| 233,000 |
|
| 746 |
|
| 269 |
|
| — |
|
| — |
| |
Surrenders and terminations |
| (96,422 | ) |
| (857 | ) |
| (12,168 | ) |
| (320,961 | ) |
| (127,076 | ) |
| (13,448 | ) |
| — |
| |
Transfers between Investment Divisions |
| 6,970 |
|
| 16,601 |
|
| 386,084 |
|
| (211,827 | ) |
| (68,657 | ) |
| 25,760 |
|
| — |
| |
Contract owner charges |
| (4,759 | ) |
| — |
|
| (138 | ) |
| (5,008 | ) |
| (718 | ) |
| (166 | ) |
| — |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (94,211 | ) |
| 15,744 |
|
| 606,778 |
|
| (537,050 | ) |
| (196,182 | ) |
| 12,146 |
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 41,218 |
|
| 16,965 |
|
| 752,285 |
|
| 442,708 |
|
| 295,476 |
|
| 28,122 |
|
| — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 1,384,638 |
|
| — |
|
| 655,518 |
|
| 2,377,714 |
|
| 2,816,537 |
|
| 487,582 |
|
| — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 1,425,856 |
| $ | 16,965 |
| $ | 1,407,803 |
| $ | 2,820,422 |
| $ | 3,112,013 |
| $ | 515,704 |
| $ | — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 51,512 |
|
| — |
|
| 32,878 |
|
| 68,338 |
|
| 56,720 |
|
| 49,933 |
|
| — |
| |
Units issued |
| 1,499 |
|
| 1,243 |
|
| 28,557 |
|
| 3,666 |
|
| 369 |
|
| 2,988 |
|
| — |
| |
Units redeemed |
| (4,883 | ) |
| (62 | ) |
| (747 | ) |
| (16,327 | ) |
| (4,005 | ) |
| (1,791 | ) |
| — |
| |
Units outstanding at end of year |
| 48,128 |
|
| 1,181 |
|
| 60,688 |
|
| 55,677 |
|
| 53,084 |
|
| 51,130 |
|
| — |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 43,017 |
| $ | 16,601 |
| $ | 622,876 |
| $ | 150,477 |
| $ | 19,643 |
| $ | 29,446 |
| $ | — |
| |
Proceeds from sales | $ | 158,275 |
| $ | 992 |
| $ | 31,937 |
| $ | 727,693 |
| $ | 261,463 |
| $ | 24,905 |
| $ | — |
| |
See Notes to the Financial Statements.
32
Jackson National Separate Account V | ||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/T. Rowe Price Value Fund - Class A |
| JNL/Vanguard Growth ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
| JNL/WCM Focused International Equity Fund - Class A |
| JNL/Westchester Capital Event Driven Fund - Class A |
| JNL/Western Asset Global Multi-Sector Bond Fund - Class A |
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (12,933 | ) | $ | (3,728 | ) | $ | — |
| $ | (340 | ) | $ | (881 | ) | $ | (227 | ) | $ | (3,496 | ) | |
Net realized gain (loss) on investments in Funds |
| 11,289 |
|
| (728 | ) |
| — |
|
| (27 | ) |
| 2,979 |
|
| 9 |
|
| (2,784 | ) | |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 86,558 |
|
| 31,724 |
|
| — |
|
| 2,684 |
|
| 4,908 |
|
| 967 |
|
| 22,632 |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 84,914 |
|
| 27,268 |
|
| — |
|
| 2,317 |
|
| 7,006 |
|
| 749 |
|
| 16,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| (5,375 | ) |
| (9,538 | ) |
| — |
|
| — |
|
| — |
|
| (900 | ) |
| — |
| |
Transfers between Investment Divisions |
| 10,414 |
|
| 133 |
|
| — |
|
| 82 |
|
| (61,319 | ) |
| 20,922 |
|
| 12,501 |
| |
Contract owner charges |
| (143 | ) |
| (124 | ) |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 4,896 |
|
| (9,529 | ) |
| — |
|
| 82 |
|
| (61,319 | ) |
| 20,022 |
|
| 12,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 89,810 |
|
| 17,739 |
|
| — |
|
| 2,399 |
|
| (54,313 | ) |
| 20,771 |
|
| 28,853 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 832,151 |
|
| 224,262 |
|
| — |
|
| 21,815 |
|
| 54,385 |
|
| — |
|
| 225,962 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 921,961 |
| $ | 242,001 |
| $ | — |
| $ | 24,214 |
| $ | 72 |
| $ | 20,771 |
| $ | 254,815 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 23,663 |
|
| 18,996 |
|
| — |
|
| 1,956 |
|
| 3,172 |
|
| — |
|
| 24,742 |
| |
Units issued |
| 817 |
|
| 10 |
|
| — |
|
| 7 |
|
| 246 |
|
| 3,667 |
|
| 1,839 |
| |
Units redeemed |
| (705 | ) |
| (782 | ) |
| — |
|
| — |
|
| (3,413 | ) |
| (1,927 | ) |
| (503 | ) | |
Units outstanding at end of year |
| 23,775 |
|
| 18,224 |
|
| — |
|
| 1,963 |
|
| 5 |
|
| 1,740 |
|
| 26,078 |
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 29,883 |
| $ | 133 |
| $ | — |
| $ | 82 |
| $ | 12,247 |
| $ | 42,181 |
| $ | 17,113 |
| |
Proceeds from sales | $ | 37,920 |
| $ | 13,390 |
| $ | — |
| $ | 340 |
| $ | 66,947 |
| $ | 22,386 |
| $ | 8,108 |
| |
See Notes to the Financial Statements.
33
Jackson National Separate Account V | ||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/William Blair International Leaders Fund - Class A |
| JNL/WMC Balanced Fund - Class A |
| JNL/WMC Equity Income Fund - Class A |
| JNL/WMC Global Real Estate Fund - Class A |
| JNL/WMC Government Money Market Fund - Class A |
| JNL/WMC Value Fund - Class A |
|
| ||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (9,445 | ) | $ | (19,600 | ) | $ | (11 | ) | $ | (1,347 | ) | $ | 12,150 |
| $ | (1,380 | ) |
| |
Net realized gain (loss) on investments in Funds |
| (11,027 | ) |
| 59,911 |
|
| — |
|
| (311 | ) |
| — |
|
| 32,940 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 84,665 |
|
| 92,826 |
|
| 43 |
|
| 8,467 |
|
| — |
|
| (24,689 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 64,193 |
|
| 133,137 |
|
| 32 |
|
| 6,809 |
|
| 12,150 |
|
| 6,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 22,409 |
|
| — |
|
| — |
|
| — |
|
| 624 |
|
| — |
|
| |
Surrenders and terminations |
| (62,302 | ) |
| (156,868 | ) |
| — |
|
| (1,537 | ) |
| (672,933 | ) |
| (2,314 | ) |
| |
Transfers between Investment Divisions |
| 20,944 |
|
| 44,297 |
|
| — |
|
| 2,625 |
|
| 624,195 |
|
| (119,867 | ) |
| |
Contract owner charges |
| (833 | ) |
| (1,405 | ) |
| — |
|
| (49 | ) |
| (3,454 | ) |
| (86 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (19,782 | ) |
| (113,976 | ) |
| — |
|
| 1,039 |
|
| (51,568 | ) |
| (122,267 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 44,411 |
|
| 19,161 |
|
| 32 |
|
| 7,848 |
|
| (39,418 | ) |
| (115,396 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 589,661 |
|
| 1,241,792 |
|
| 658 |
|
| 84,062 |
|
| 412,918 |
|
| 188,806 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 634,072 |
| $ | 1,260,953 |
| $ | 690 |
| $ | 91,910 |
| $ | 373,500 |
| $ | 73,410 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 48,059 |
|
| 46,759 |
|
| 45 |
|
| 5,664 |
|
| 44,432 |
|
| 5,572 |
|
| |
Units issued |
| 5,393 |
|
| 2,233 |
|
| — |
|
| 270 |
|
| 111,547 |
|
| 562 |
|
| |
Units redeemed |
| (6,906 | ) |
| (6,347 | ) |
| — |
|
| (193 | ) |
| (116,764 | ) |
| (4,113 | ) |
| |
Units outstanding at end of year |
| 46,546 |
|
| 42,645 |
|
| 45 |
|
| 5,741 |
|
| 39,215 |
|
| 2,021 |
|
| |
Cost of purchases and proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from sales of the Investments in Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of purchases | $ | 68,116 |
| $ | 60,664 |
| $ | — |
| $ | 3,990 |
| $ | 1,089,730 |
| $ | 18,922 |
|
| |
Proceeds from sales | $ | 97,343 |
| $ | 194,240 |
| $ | 11 |
| $ | 4,298 |
| $ | 1,129,148 |
| $ | 142,569 |
|
| |
See Notes to the Financial Statements.
34
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL Aggressive Growth Allocation Fund - Class A |
| JNL Conservative Allocation Fund - Class A |
| JNL Growth Allocation Fund - Class A |
| JNL iShares Tactical Growth Fund - Class A |
| JNL iShares Tactical Moderate Fund - Class A |
| JNL iShares Tactical Moderate Growth Fund - Class A |
| JNL Moderate Allocation Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (68 | ) | $ | (4,276 | ) | $ | (1,240 | ) | $ | — |
| $ | (337 | ) | $ | — |
| $ | (7,085 | ) |
| |
Net realized gain (loss) on investments in Funds |
| (2,266 | ) |
| 339 |
|
| 3,567 |
|
| — |
|
| 5,863 |
|
| — |
|
| 2,483 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (326 | ) |
| (33,906 | ) |
| (17,519 | ) |
| — |
|
| (26,783 | ) |
| — |
|
| (76,026 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (2,660 | ) |
| (37,843 | ) |
| (15,192 | ) |
| — |
|
| (21,257 | ) |
| — |
|
| (80,628 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| — |
|
| (9,000 | ) |
| (6,296 | ) |
| — |
|
| (13,283 | ) |
| — |
|
| (2,359 | ) |
| |
Transfers between Investment Divisions |
| (29,462 | ) |
| 87,142 |
|
| 52,202 |
|
| — |
|
| 991 |
|
| — |
|
| 41,499 |
|
| |
Contract owner charges |
| — |
|
| — |
|
| (109 | ) |
| — |
|
| (23 | ) |
| — |
|
| (72 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (29,462 | ) |
| 78,142 |
|
| 45,797 |
|
| — |
|
| (12,315 | ) |
| — |
|
| 39,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (32,122 | ) |
| 40,299 |
|
| 30,605 |
|
| — |
|
| (33,572 | ) |
| — |
|
| (41,560 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 32,122 |
|
| 253,329 |
|
| 51,250 |
|
| — |
|
| 148,165 |
|
| — |
|
| 493,397 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | — |
| $ | 293,628 |
| $ | 81,855 |
| $ | — |
| $ | 114,593 |
| $ | — |
| $ | 451,837 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 1,604 |
|
| 19,759 |
|
| 2,474 |
|
| - |
|
| 10,085 |
|
| - |
|
| 28,568 |
|
| |
Units issued |
| — |
|
| 7,734 |
|
| 3,937 |
|
| — |
|
| 67 |
|
| — |
|
| 3,844 |
|
| |
Units redeemed |
| (1,604 | ) |
| (799 | ) |
| (1,424 | ) |
| — |
|
| (1,022 | ) |
| — |
|
| (1,272 | ) |
| |
Units outstanding at end of year |
| — |
|
| 26,694 |
|
| 4,987 |
|
| — |
|
| 9,130 |
|
| — |
|
| 31,140 |
|
| |
See Notes to the Financial Statements.
35
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL Moderate Growth Allocation Fund - Class A |
| JNL Multi-Manager Alternative Fund - Class A |
| JNL Multi-Manager Emerging Markets Equity Fund - Class A |
| JNL Multi-Manager International Small Cap Fund - Class A |
| JNL Multi-Manager Mid Cap Fund - Class A |
| JNL Multi-Manager Small Cap Growth Fund - Class A |
| JNL Multi-Manager Small Cap Value Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (525 | ) | $ | — |
| $ | (712 | ) | $ | (708 | ) | $ | (450 | ) | $ | (2,533 | ) | $ | (7,029 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 615 |
|
| — |
|
| 4,067 |
|
| (14,886 | ) |
| 139 |
|
| (34,974 | ) |
| 602 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (6,622 | ) |
| — |
|
| (32,855 | ) |
| (23,714 | ) |
| (948 | ) |
| (54,203 | ) |
| (65,921 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (6,532 | ) |
| — |
|
| (29,500 | ) |
| (39,308 | ) |
| (1,259 | ) |
| (91,710 | ) |
| (72,348 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 3,372 |
|
| — |
|
| |
Surrenders and terminations |
| (1,905 | ) |
| — |
|
| (5,564 | ) |
| (8,280 | ) |
| (195 | ) |
| (18,255 | ) |
| (20,926 | ) |
| |
Transfers between Investment Divisions |
| 918 |
|
| — |
|
| (12,908 | ) |
| (23,593 | ) |
| 41,375 |
|
| (36,063 | ) |
| (14,941 | ) |
| |
Contract owner charges |
| (103 | ) |
| — |
|
| (381 | ) |
| (105 | ) |
| — |
|
| (148 | ) |
| (24 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (1,090 | ) |
| — |
|
| (18,853 | ) |
| (31,978 | ) |
| 41,180 |
|
| (51,094 | ) |
| (35,891 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (7,622 | ) |
| — |
|
| (48,353 | ) |
| (71,286 | ) |
| 39,921 |
|
| (142,804 | ) |
| (108,239 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 39,447 |
|
| — |
|
| 124,009 |
|
| 110,890 |
|
| 21,924 |
|
| 292,714 |
|
| 545,689 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 31,825 |
| $ | — |
| $ | 75,656 |
| $ | 39,604 |
| $ | 61,845 |
| $ | 149,910 |
| $ | 437,450 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 2,049 |
|
| - |
|
| 8,540 |
|
| 7,195 |
|
| 1,117 |
|
| 5,596 |
|
| 20,250 |
|
| |
Units issued |
| 62 |
|
| — |
|
| 349 |
|
| 515 |
|
| 2,740 |
|
| 1,642 |
|
| 10 |
|
| |
Units redeemed |
| (118 | ) |
| — |
|
| (1,887 | ) |
| (3,964 | ) |
| (21 | ) |
| (3,026 | ) |
| (1,501 | ) |
| |
Units outstanding at end of year |
| 1,993 |
|
| — |
|
| 7,002 |
|
| 3,746 |
|
| 3,836 |
|
| 4,212 |
|
| 18,759 |
|
| |
See Notes to the Financial Statements.
36
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AB Sustainable Global Thematic Fund - Class A(a) |
| JNL/American Funds Balanced Fund - Class A |
| JNL/American Funds Bond Fund of America Fund - Class A |
| JNL/American Funds Capital Income Builder Fund - Class A |
| JNL/American Funds Capital World Bond Fund - Class A |
| JNL/American Funds Global Growth Fund - Class A |
| JNL/American Funds Global Small Capitalization Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | — |
| $ | (4,055 | ) | $ | — |
| $ | (760 | ) | $ | (911 | ) | $ | (150 | ) | $ | (224 | ) |
| |
Net realized gain (loss) on investments in Funds |
| — |
|
| 4,952 |
|
| — |
|
| 1,072 |
|
| (1,803 | ) |
| (3,015 | ) |
| (2,894 | ) |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| — |
|
| (45,849 | ) |
| — |
|
| (5,435 | ) |
| (11,281 | ) |
| (3,529 | ) |
| (5,967 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| — |
|
| (44,952 | ) |
| — |
|
| (5,123 | ) |
| (13,995 | ) |
| (6,694 | ) |
| (9,085 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| 5,342 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| — |
|
| (22,237 | ) |
| — |
|
| (5,282 | ) |
| (24,733 | ) |
| (20,336 | ) |
| (18,505 | ) |
| |
Transfers between Investment Divisions |
| — |
|
| 17,683 |
|
| — |
|
| (2,836 | ) |
| 7,869 |
|
| 227 |
|
| 1,976 |
|
| |
Contract owner charges |
| — |
|
| (1,291 | ) |
| — |
|
| (14 | ) |
| (25 | ) |
| — |
|
| (3 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| — |
|
| (503 | ) |
| — |
|
| (8,132 | ) |
| (16,889 | ) |
| (20,109 | ) |
| (16,532 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| — |
|
| (45,455 | ) |
| — |
|
| (13,255 | ) |
| (30,884 | ) |
| (26,803 | ) |
| (25,617 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| — |
|
| 294,949 |
|
| — |
|
| 57,174 |
|
| 84,843 |
|
| 26,803 |
|
| 31,373 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | — |
| $ | 249,494 |
| $ | — |
| $ | 43,919 |
| $ | 53,959 |
| $ | — |
| $ | 5,756 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
|
|
|
| 12,488 |
|
| - |
|
| 4,574 |
|
| 7,827 |
|
| 1,042 |
|
| 1,319 |
|
| |
Units issued |
| — |
|
| 1,184 |
|
| — |
|
| 17 |
|
| 1,067 |
|
| 12 |
|
| 107 |
|
| |
Units redeemed |
| — |
|
| (1,235 | ) |
| — |
|
| (734 | ) |
| (2,721 | ) |
| (1,054 | ) |
| (1,076 | ) |
| |
Units outstanding at end of year |
| — |
|
| 12,437 |
|
| — |
|
| 3,857 |
|
| 6,173 |
|
| — |
|
| 350 |
|
| |
(a) | The mutual fund's shares, as applicable, became available for investment by the Investment Division on April 25, 2022. The Statement of Changes in Net Assets is from April 25, 2022 through December 31, 2022. |
See Notes to the Financial Statements.
37
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/American Funds Growth Allocation Fund - Class A |
| JNL/American Funds Growth Fund - Class A |
| JNL/American Funds Growth-Income Fund - Class A |
| JNL/American Funds International Fund - Class A |
| JNL/American Funds Moderate Growth Allocation Fund - Class A |
| JNL/American Funds New World Fund - Class A |
| JNL/American Funds Washington Mutual Investors Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (850 | ) | $ | (3,527 | ) | $ | (2,459 | ) | $ | (7,635 | ) | $ | (6,416 | ) | $ | (2,742 | ) | $ | (3,200 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 1,095 |
|
| 24,522 |
|
| 17,368 |
|
| (3,201 | ) |
| 6,653 |
|
| 624 |
|
| 108,630 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (13,534 | ) |
| (106,397 | ) |
| (53,453 | ) |
| (126,447 | ) |
| (90,586 | ) |
| (43,182 | ) |
| (72,132 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (13,289 | ) |
| (85,402 | ) |
| (38,544 | ) |
| (137,283 | ) |
| (90,349 | ) |
| (45,300 | ) |
| 33,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 846 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 846 |
|
| |
Surrenders and terminations |
| (5,006 | ) |
| (34,210 | ) |
| (38,170 | ) |
| (4,864 | ) |
| (12,248 | ) |
| (23,184 | ) |
| (68,203 | ) |
| |
Transfers between Investment Divisions |
| 18,776 |
|
| (211,909 | ) |
| (16,226 | ) |
| 41,322 |
|
| (40,646 | ) |
| 91,647 |
|
| (17,504 | ) |
| |
Contract owner charges |
| (58 | ) |
| (14 | ) |
| (697 | ) |
| (6 | ) |
| (1,402 | ) |
| (9 | ) |
| (662 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 14,558 |
|
| (246,133 | ) |
| (55,093 | ) |
| 36,452 |
|
| (54,296 | ) |
| 68,454 |
|
| (85,523 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 1,269 |
|
| (331,535 | ) |
| (93,637 | ) |
| (100,831 | ) |
| (144,645 | ) |
| 23,154 |
|
| (52,225 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 60,907 |
|
| 455,108 |
|
| 216,456 |
|
| 568,915 |
|
| 520,641 |
|
| 168,108 |
|
| 191,873 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 62,176 |
| $ | 123,573 |
| $ | 122,819 |
| $ | 468,084 |
| $ | 375,996 |
| $ | 191,262 |
| $ | 139,648 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 2,590 |
|
| 10,096 |
|
| 6,310 |
|
| 34,767 |
|
| 26,760 |
|
| 9,393 |
|
| 6,412 |
|
| |
Units issued |
| 1,004 |
|
| 15,412 |
|
| 49 |
|
| 5,256 |
|
| 89 |
|
| 6,418 |
|
| 50,521 |
|
| |
Units redeemed |
| (255 | ) |
| (21,514 | ) |
| (1,986 | ) |
| (3,275 | ) |
| (3,136 | ) |
| (1,748 | ) |
| (51,720 | ) |
| |
Units outstanding at end of year |
| 3,339 |
|
| 3,994 |
|
| 4,373 |
|
| 36,748 |
|
| 23,713 |
|
| 14,063 |
|
| 5,213 |
|
| |
See Notes to the Financial Statements.
38
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/AQR Large Cap Defensive Style Fund - Class A |
| JNL/Baillie Gifford International Growth Fund - Class A |
| JNL/BlackRock Global Allocation Fund - Class A |
| JNL/BlackRock Global Natural Resources Fund - Class A |
| JNL/BlackRock Large Cap Select Growth Fund - Class A |
| JNL/Causeway International Value Select Fund - Class A |
| JNL/ClearBridge Large Cap Growth Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,266 | ) | $ | (829 | ) | $ | (6,207 | ) | $ | (3,274 | ) | $ | (26,282 | ) | $ | (1,011 | ) | $ | (199 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 52 |
|
| (25,962 | ) |
| 5,289 |
|
| 717 |
|
| 235,962 |
|
| (311 | ) |
| 6 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (5,776 | ) |
| (32,187 | ) |
| (74,992 | ) |
| 6,863 |
|
| (1,175,966 | ) |
| (39,094 | ) |
| (5,086 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (6,990 | ) |
| (58,978 | ) |
| (75,910 | ) |
| 4,306 |
|
| (966,286 | ) |
| (40,416 | ) |
| (5,279 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 23,742 |
|
| — |
|
| — |
|
| 13,567 |
|
| 11,891 |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| (527 | ) |
| (21,405 | ) |
| (4,942 | ) |
| (579 | ) |
| (220,763 | ) |
| (42,040 | ) |
| — |
|
| |
Transfers between Investment Divisions |
| (1,373 | ) |
| (53,292 | ) |
| (9,529 | ) |
| 179,467 |
|
| (272,036 | ) |
| 10,663 |
|
| 1,587 |
|
| |
Contract owner charges |
| (8 | ) |
| (2 | ) |
| (4,660 | ) |
| (717 | ) |
| (1,262 | ) |
| (549 | ) |
| (2 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 21,834 |
|
| (74,699 | ) |
| (19,131 | ) |
| 191,738 |
|
| (482,170 | ) |
| (31,926 | ) |
| 1,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 14,844 |
|
| (133,677 | ) |
| (95,041 | ) |
| 196,044 |
|
| (1,448,456 | ) |
| (72,342 | ) |
| (3,694 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 65,182 |
|
| 150,065 |
|
| 447,144 |
|
| 88,894 |
|
| 2,723,709 |
|
| 472,052 |
|
| 15,404 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 80,026 |
| $ | 16,388 |
| $ | 352,103 |
| $ | 284,938 |
| $ | 1,275,253 |
| $ | 399,710 |
| $ | 11,710 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 4,653 |
|
| 9,413 |
|
| 26,059 |
|
| 8,940 |
|
| 107,341 |
|
| 36,314 |
|
| 732 |
|
| |
Units issued |
| 1,850 |
|
| 881 |
|
| 205 |
|
| 16,360 |
|
| 6,027 |
|
| 1,708 |
|
| 106 |
|
| |
Units redeemed |
| (150 | ) |
| (8,629 | ) |
| (1,556 | ) |
| (513 | ) |
| (31,335 | ) |
| (4,401 | ) |
| — |
|
| |
Units outstanding at end of year |
| 6,353 |
|
| 1,665 |
|
| 24,708 |
|
| 24,787 |
|
| 82,033 |
|
| 33,621 |
|
| 838 |
|
| |
See Notes to the Financial Statements.
39
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/DFA International Core Equity Fund - Class A |
| JNL/DFA U.S. Core Equity Fund - Class A |
| JNL/DFA U.S. Small Cap Fund - Class A |
| JNL/DoubleLine Core Fixed Income Fund - Class A |
| JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A |
| JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A |
| JNL/DoubleLine Total Return Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | 414 |
| $ | (18,664 | ) | $ | (703 | ) | $ | (34,503 | ) | $ | (162 | ) | $ | (280 | ) | $ | (679 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 4,316 |
|
| 80,893 |
|
| (36 | ) |
| (6,216 | ) |
| (83 | ) |
| 1,030 |
|
| (54 | ) |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| 1,255 |
|
| (298,958 | ) |
| (3,321 | ) |
| (330,382 | ) |
| (1,761 | ) |
| (6,308 | ) |
| (5,830 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| 5,985 |
|
| (236,729 | ) |
| (4,060 | ) |
| (371,101 | ) |
| (2,006 | ) |
| (5,558 | ) |
| (6,563 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| 10,400 |
|
| — |
|
| 16,959 |
|
| — |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| — |
|
| (150,840 | ) |
| — |
|
| (126,122 | ) |
| (1,979 | ) |
| (1,354 | ) |
| (1,200 | ) |
| |
Transfers between Investment Divisions |
| 41,526 |
|
| (26,363 | ) |
| 80,016 |
|
| (77,616 | ) |
| 29 |
|
| (2,141 | ) |
| (1,451 | ) |
| |
Contract owner charges |
| — |
|
| (3,744 | ) |
| — |
|
| (1,618 | ) |
| (12 | ) |
| (54 | ) |
| (1 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 41,526 |
|
| (170,547 | ) |
| 80,016 |
|
| (188,397 | ) |
| (1,962 | ) |
| (3,549 | ) |
| (2,652 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 47,511 |
|
| (407,276 | ) |
| 75,956 |
|
| (559,498 | ) |
| (3,968 | ) |
| (9,107 | ) |
| (9,215 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| — |
|
| 1,453,399 |
|
| — |
|
| 2,582,330 |
|
| 12,414 |
|
| 24,427 |
|
| 47,144 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 47,511 |
| $ | 1,046,123 |
| $ | 75,956 |
| $ | 2,022,832 |
| $ | 8,446 |
| $ | 15,320 |
| $ | 37,929 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| - |
|
| 42,010 |
|
| - |
|
| 122,361 |
|
| 1,075 |
|
| 928 |
|
| 4,135 |
|
| |
Units issued |
| 4,443 |
|
| 411 |
|
| 3,508 |
|
| 2,885 |
|
| 16 |
|
| — |
|
| 7 |
|
| |
Units redeemed |
| — |
|
| (5,997 | ) |
| — |
|
| (13,033 | ) |
| (217 | ) |
| (154 | ) |
| (253 | ) |
| |
Units outstanding at end of year |
| 4,443 |
|
| 36,424 |
|
| 3,508 |
|
| 112,213 |
|
| 874 |
|
| 774 |
|
| 3,889 |
|
| |
See Notes to the Financial Statements.
40
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A |
| JNL/First Sentier Global Infrastructure Fund - Class A |
| JNL/Franklin Templeton Income Fund - Class A |
| JNL/Goldman Sachs 4 Fund - Class A |
| JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A |
| JNL/Goldman Sachs Managed Conservative Fund - Class A |
| JNL/Goldman Sachs Managed Growth Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (9,760 | ) | $ | (225 | ) | $ | (17,348 | ) | $ | (4,430 | ) | $ | (30,659 | ) | $ | (395 | ) | $ | (54,668 | ) |
| |
Net realized gain (loss) on investments in Funds |
| (3,209 | ) |
| 812 |
|
| 37,564 |
|
| (14,545 | ) |
| 96,854 |
|
| 1,308 |
|
| 146,197 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (93,158 | ) |
| (1,381 | ) |
| (92,046 | ) |
| (31,181 | ) |
| (644,677 | ) |
| (5,686 | ) |
| (1,060,497 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (106,127 | ) |
| (794 | ) |
| (71,830 | ) |
| (50,156 | ) |
| (578,482 | ) |
| (4,773 | ) |
| (968,968 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| 846 |
|
| 8,928 |
|
| — |
|
| 51,555 |
|
| |
Surrenders and terminations |
| (52,351 | ) |
| (1,816 | ) |
| (31,419 | ) |
| (27,640 | ) |
| (114,884 | ) |
| (961 | ) |
| (148,958 | ) |
| |
Transfers between Investment Divisions |
| 449 |
|
| (1,798 | ) |
| 77,809 |
|
| (122,584 | ) |
| (161,124 | ) |
| (7,288 | ) |
| (74,330 | ) |
| |
Contract owner charges |
| (337 | ) |
| (7 | ) |
| (1,520 | ) |
| (775 | ) |
| (1,553 | ) |
| (130 | ) |
| (1,032 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (52,239 | ) |
| (3,621 | ) |
| 44,870 |
|
| (150,153 | ) |
| (268,633 | ) |
| (8,379 | ) |
| (172,765 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (158,366 | ) |
| (4,415 | ) |
| (26,960 | ) |
| (200,309 | ) |
| (847,115 | ) |
| (13,152 | ) |
| (1,141,733 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 720,654 |
|
| 17,341 |
|
| 1,108,046 |
|
| 385,762 |
|
| 2,519,069 |
|
| 36,425 |
|
| 4,371,383 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 562,288 |
| $ | 12,926 |
| $ | 1,081,086 |
| $ | 185,453 |
| $ | 1,671,954 |
| $ | 23,273 |
| $ | 3,229,650 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 34,298 |
|
| 959 |
|
| 59,512 |
|
| 10,686 |
|
| 72,715 |
|
| 2,279 |
|
| 136,982 |
|
| |
Units issued |
| 735 |
|
| 24 |
|
| 12,062 |
|
| 26 |
|
| 391 |
|
| 152 |
|
| 2,795 |
|
| |
Units redeemed |
| (3,611 | ) |
| (227 | ) |
| (9,838 | ) |
| (4,894 | ) |
| (10,103 | ) |
| (690 | ) |
| (9,398 | ) |
| |
Units outstanding at end of year |
| 31,422 |
|
| 756 |
|
| 61,736 |
|
| 5,818 |
|
| 63,003 |
|
| 1,741 |
|
| 130,379 |
|
| |
See Notes to the Financial Statements.
41
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Goldman Sachs Managed Moderate Fund - Class A |
| JNL/Goldman Sachs Managed Moderate Growth Fund - Class A |
| JNL/GQG Emerging Markets Equity Fund - Class A |
| JNL/Harris Oakmark Global Equity Fund - Class A |
| JNL/Heitman U.S. Focused Real Estate Fund - Class A |
| JNL/Invesco Diversified Dividend Fund - Class A |
| JNL/Invesco Global Growth Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (6,145 | ) | $ | (72,257 | ) | $ | (113 | ) | $ | (169 | ) | $ | — |
| $ | (2,919 | ) | $ | (20,454 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 11,076 |
|
| 307,514 |
|
| 16 |
|
| 393 |
|
| — |
|
| 70 |
|
| 85,824 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (85,329 | ) |
| (1,385,478 | ) |
| (1,916 | ) |
| (3,251 | ) |
| — |
|
| 13,913 |
|
| (675,549 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (80,398 | ) |
| (1,150,221 | ) |
| (2,013 | ) |
| (3,027 | ) |
| — |
|
| 11,064 |
|
| (610,179 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| 3,622 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 7,818 |
|
| |
Surrenders and terminations |
| (19,329 | ) |
| (1,235,815 | ) |
| — |
|
| (97 | ) |
| — |
|
| (4,072 | ) |
| (179,182 | ) |
| |
Transfers between Investment Divisions |
| (10,168 | ) |
| 461,371 |
|
| 1,669 |
|
| 191 |
|
| — |
|
| 637,444 |
|
| (53,886 | ) |
| |
Contract owner charges |
| (234 | ) |
| (555 | ) |
| — |
|
| (26 | ) |
| — |
|
| — |
|
| (2,929 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (29,731 | ) |
| (771,377 | ) |
| 1,669 |
|
| 68 |
|
| — |
|
| 633,372 |
|
| (228,179 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (110,129 | ) |
| (1,921,598 | ) |
| (344 | ) |
| (2,959 | ) |
| — |
|
| 644,436 |
|
| (838,358 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 455,518 |
|
| 5,937,221 |
|
| 7,858 |
|
| 18,089 |
|
| — |
|
| 11,289 |
|
| 1,971,060 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 345,389 |
| $ | 4,015,623 |
| $ | 7,514 |
| $ | 15,130 |
| $ | — |
| $ | 655,725 |
| $ | 1,132,702 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 22,647 |
|
| 225,596 |
|
| 596 |
|
| 1,373 |
|
| - |
|
| 855 |
|
| 49,102 |
|
| |
Units issued |
| 45 |
|
| 21,320 |
|
| 174 |
|
| 75 |
|
| — |
|
| 50,580 |
|
| 3,305 |
|
| |
Units redeemed |
| (1,787 | ) |
| (56,002 | ) |
| (29 | ) |
| (61 | ) |
| — |
|
| (323 | ) |
| (10,183 | ) |
| |
Units outstanding at end of year |
| 20,905 |
|
| 190,914 |
|
| 741 |
|
| 1,387 |
|
| — |
|
| 51,112 |
|
| 42,224 |
|
| |
See Notes to the Financial Statements.
42
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Invesco Small Cap Growth Fund - Class A |
| JNL/JPMorgan Global Allocation Fund - Class A |
| JNL/JPMorgan Hedged Equity Fund - Class A |
| JNL/JPMorgan MidCap Growth Fund - Class A |
| JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
| JNL/JPMorgan U.S. Value Fund - Class A |
| JNL/Lazard International Strategic Equity Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (3,527 | ) | $ | (7,238 | ) | $ | (775 | ) | $ | (13,606 | ) | $ | (1,615 | ) | $ | (5,528 | ) | $ | 56 |
|
| |
Net realized gain (loss) on investments in Funds |
| (24,957 | ) |
| 2,147 |
|
| 266 |
|
| 44,262 |
|
| (755 | ) |
| 5,396 |
|
| 27 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (118,075 | ) |
| (108,835 | ) |
| (6,401 | ) |
| (363,411 | ) |
| (13,074 | ) |
| (15,445 | ) |
| (1,343 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (146,559 | ) |
| (113,926 | ) |
| (6,910 | ) |
| (332,755 | ) |
| (15,444 | ) |
| (15,577 | ) |
| (1,260 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| 1,124 |
|
| — |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| (17,435 | ) |
| (138 | ) |
| (2,898 | ) |
| (34,920 | ) |
| (11,117 | ) |
| (6,200 | ) |
| (363 | ) |
| |
Transfers between Investment Divisions |
| (90,576 | ) |
| 3,869 |
|
| 73 |
|
| 23,615 |
|
| (15,269 | ) |
| 41,459 |
|
| 485 |
|
| |
Contract owner charges |
| (19 | ) |
| (16 | ) |
| (12 | ) |
| (371 | ) |
| (39 | ) |
| (829 | ) |
| — |
|
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (108,030 | ) |
| 3,715 |
|
| (2,837 | ) |
| (10,552 | ) |
| (26,425 | ) |
| 34,430 |
|
| 122 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (254,589 | ) |
| (110,211 | ) |
| (9,747 | ) |
| (343,307 | ) |
| (41,869 | ) |
| 18,853 |
|
| (1,138 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 391,938 |
|
| 565,938 |
|
| 73,018 |
|
| 1,170,965 |
|
| 135,796 |
|
| 327,532 |
|
| 6,608 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 137,349 |
| $ | 455,727 |
| $ | 63,271 |
| $ | 827,658 |
| $ | 93,927 |
| $ | 346,385 |
| $ | 5,470 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 7,347 |
|
| 39,940 |
|
| 5,537 |
|
| 20,340 |
|
| 9,446 |
|
| 18,690 |
|
| 394 |
|
| |
Units issued |
| 400 |
|
| 668 |
|
| 6 |
|
| 3,527 |
|
| 151 |
|
| 2,809 |
|
| 34 |
|
| |
Units redeemed |
| (3,746 | ) |
| (276 | ) |
| (240 | ) |
| (3,828 | ) |
| (2,077 | ) |
| (843 | ) |
| (28 | ) |
| |
Units outstanding at end of year |
| 4,001 |
|
| 40,332 |
|
| 5,303 |
|
| 20,039 |
|
| 7,520 |
|
| 20,656 |
|
| 400 |
|
| |
See Notes to the Financial Statements.
43
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Loomis Sayles Global Growth Fund - Class A |
| JNL/Lord Abbett Short Duration Income Fund - Class A |
| JNL/Mellon Bond Index Fund - Class A |
| JNL/Mellon Communication Services Sector Fund - Class A |
| JNL/Mellon Consumer Discretionary Sector Fund - Class A |
| JNL/Mellon Consumer Staples Sector Fund - Class A |
| JNL/Mellon Dow Index Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (849 | ) | $ | — |
| $ | (3,935 | ) | $ | (354 | ) | $ | (4,141 | ) | $ | (452 | ) | $ | — |
|
| |
Net realized gain (loss) on investments in Funds |
| 548 |
|
| — |
|
| (2,572 | ) |
| 165 |
|
| 4,331 |
|
| 2,766 |
|
| — |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (17,809 | ) |
| — |
|
| (33,974 | ) |
| (12,961 | ) |
| (138,880 | ) |
| (3,909 | ) |
| — |
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (18,110 | ) |
| — |
|
| (40,481 | ) |
| (13,150 | ) |
| (138,690 | ) |
| (1,595 | ) |
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| 67,834 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| (2,126 | ) |
| — |
|
| (18,023 | ) |
| (1,945 | ) |
| (10,617 | ) |
| (1,143 | ) |
| — |
|
| |
Transfers between Investment Divisions |
| 8,402 |
|
| — |
|
| 83 |
|
| (7 | ) |
| (9,774 | ) |
| (10,722 | ) |
| — |
|
| |
Contract owner charges |
| (9 | ) |
| — |
|
| (43 | ) |
| (4 | ) |
| (31 | ) |
| — |
|
| — |
|
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 6,267 |
|
| — |
|
| 49,851 |
|
| (1,956 | ) |
| (20,422 | ) |
| (11,865 | ) |
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (11,843 | ) |
| — |
|
| 9,370 |
|
| (15,106 | ) |
| (159,112 | ) |
| (13,460 | ) |
| — |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 64,569 |
|
| — |
|
| 219,082 |
|
| 32,858 |
|
| 381,885 |
|
| 38,933 |
|
| — |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 52,726 |
| $ | — |
| $ | 228,452 |
| $ | 17,752 |
| $ | 222,773 |
| $ | 25,473 |
| $ | — |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 4,136 |
|
| - |
|
| 15,923 |
|
| 805 |
|
| 6,130 |
|
| 2,670 |
|
| - |
|
| |
Units issued |
| 818 |
|
| — |
|
| 5,464 |
|
| — |
|
| 1,821 |
|
| 34 |
|
| — |
|
| |
Units redeemed |
| (304 | ) |
| — |
|
| (1,792 | ) |
| (54 | ) |
| (2,284 | ) |
| (870 | ) |
| — |
|
| |
Units outstanding at end of year |
| 4,650 |
|
| — |
|
| 19,595 |
|
| 751 |
|
| 5,667 |
|
| 1,834 |
|
| — |
|
| |
See Notes to the Financial Statements.
44
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Emerging Markets Index Fund - Class A |
| JNL/Mellon Energy Sector Fund - Class A |
| JNL/Mellon Financial Sector Fund - Class A |
| JNL/Mellon Healthcare Sector Fund - Class A |
| JNL/Mellon Industrials Sector Fund - Class A |
| JNL/Mellon Information Technology Sector Fund - Class A |
| JNL/Mellon International Index Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,651 | ) | $ | (14,299 | ) | $ | (1,540 | ) | $ | (3,643 | ) | $ | (27 | ) | $ | (4,295 | ) | $ | (4,495 | ) |
| |
Net realized gain (loss) on investments in Funds |
| (3,233 | ) |
| 410,661 |
|
| 4,741 |
|
| 20,431 |
|
| (4 | ) |
| 44,969 |
|
| 4,887 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (20,466 | ) |
| 65,598 |
|
| (17,204 | ) |
| (40,397 | ) |
| 7 |
|
| (182,032 | ) |
| (62,581 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (25,350 | ) |
| 461,960 |
|
| (14,003 | ) |
| (23,609 | ) |
| (24 | ) |
| (141,358 | ) |
| (62,189 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| 846 |
|
| — |
|
| — |
|
| 67,834 |
|
| |
Surrenders and terminations |
| (7,978 | ) |
| (54,719 | ) |
| — |
|
| (33,585 | ) |
| (185 | ) |
| (34,135 | ) |
| (26,756 | ) |
| |
Transfers between Investment Divisions |
| 2,399 |
|
| 368,064 |
|
| 5,511 |
|
| (24,876 | ) |
| 1,938 |
|
| (102,153 | ) |
| (12,886 | ) |
| |
Contract owner charges |
| (41 | ) |
| (560 | ) |
| (1,045 | ) |
| (55 | ) |
| (1 | ) |
| (109 | ) |
| (176 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (5,620 | ) |
| 312,785 |
|
| 4,466 |
|
| (57,670 | ) |
| 1,752 |
|
| (136,397 | ) |
| 28,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (30,970 | ) |
| 774,745 |
|
| (9,537 | ) |
| (81,279 | ) |
| 1,728 |
|
| (277,755 | ) |
| (34,173 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 122,660 |
|
| 269,001 |
|
| 111,954 |
|
| 301,329 |
|
| 142 |
|
| 472,045 |
|
| 353,868 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 91,690 |
| $ | 1,043,746 |
| $ | 102,417 |
| $ | 220,050 |
| $ | 1,870 |
| $ | 194,290 |
| $ | 319,695 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 10,231 |
|
| 12,724 |
|
| 5,741 |
|
| 6,020 |
|
| 9 |
|
| 5,821 |
|
| 17,459 |
|
| |
Units issued |
| 466 |
|
| 114,115 |
|
| 1,082 |
|
| 29 |
|
| 141 |
|
| 73 |
|
| 3,828 |
|
| |
Units redeemed |
| (1,100 | ) |
| (96,203 | ) |
| (687 | ) |
| (1,317 | ) |
| (14 | ) |
| (2,303 | ) |
| (2,539 | ) |
| |
Units outstanding at end of year |
| 9,597 |
|
| 30,636 |
|
| 6,136 |
|
| 4,732 |
|
| 136 |
|
| 3,591 |
|
| 18,748 |
|
| |
See Notes to the Financial Statements.
45
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Materials Sector Fund - Class A |
| JNL/Mellon Nasdaq® 100 Index Fund - Class A |
| JNL/Mellon Real Estate Sector Fund - Class A |
| JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| JNL/Mellon S&P 500 Index Fund - Class A |
| JNL/Mellon Small Cap Index Fund - Class A |
| JNL/Mellon U.S. Stock Market Index Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (682 | ) | $ | (6,453 | ) | $ | (126 | ) | $ | (3,539 | ) | $ | (49,768 | ) | $ | (20,688 | ) | $ | (14,528 | ) |
| |
Net realized gain (loss) on investments in Funds |
| (82 | ) |
| (106,923 | ) |
| 252 |
|
| 12,191 |
|
| 273,530 |
|
| 50,514 |
|
| (13,550 | ) |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (6,302 | ) |
| (95,136 | ) |
| (2,838 | ) |
| (36,305 | ) |
| (921,055 | ) |
| (279,742 | ) |
| (202,903 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (7,066 | ) |
| (208,512 | ) |
| (2,712 | ) |
| (27,653 | ) |
| (697,293 | ) |
| (249,916 | ) |
| (230,981 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| — |
|
| — |
|
| 93,717 |
|
| 3,724 |
|
| — |
|
| |
Surrenders and terminations |
| — |
|
| (54,023 | ) |
| — |
|
| (36,664 | ) |
| (260,224 | ) |
| (164,779 | ) |
| (30,988 | ) |
| |
Transfers between Investment Divisions |
| 81,889 |
|
| 178,281 |
|
| (278 | ) |
| (15,774 | ) |
| 333,631 |
|
| 468,706 |
|
| (58,597 | ) |
| |
Contract owner charges |
| — |
|
| (191 | ) |
| — |
|
| (77 | ) |
| (4,991 | ) |
| (342 | ) |
| (2,586 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 81,889 |
|
| 124,067 |
|
| (278 | ) |
| (52,515 | ) |
| 162,133 |
|
| 307,309 |
|
| (92,171 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 74,823 |
|
| (84,445 | ) |
| (2,990 | ) |
| (80,168 | ) |
| (535,160 | ) |
| 57,393 |
|
| (323,152 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| — |
|
| 364,984 |
|
| 10,823 |
|
| 225,103 |
|
| 3,540,264 |
|
| 1,281,155 |
|
| 1,095,724 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 74,823 |
| $ | 280,539 |
| $ | 7,833 |
| $ | 144,935 |
| $ | 3,005,104 |
| $ | 1,338,548 |
| $ | 772,572 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| - |
|
| 6,141 |
|
| 707 |
|
| 5,165 |
|
| 84,272 |
|
| 34,090 |
|
| 59,355 |
|
| |
Units issued |
| 5,691 |
|
| 20,635 |
|
| 54 |
|
| 10,270 |
|
| 33,620 |
|
| 37,561 |
|
| 5,429 |
|
| |
Units redeemed |
| — |
|
| (19,748 | ) |
| (58 | ) |
| (11,522 | ) |
| (28,828 | ) |
| (28,375 | ) |
| (11,676 | ) |
| |
Units outstanding at end of year |
| 5,691 |
|
| 7,028 |
|
| 703 |
|
| 3,913 |
|
| 89,064 |
|
| 43,276 |
|
| 53,108 |
|
| |
See Notes to the Financial Statements.
46
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/Mellon Utilities Sector Fund - Class A |
| JNL/Mellon World Index Fund - Class A |
| JNL/MFS Mid Cap Value Fund - Class A |
| JNL/Morningstar U.S. Sustainability Index Fund - Class A |
| JNL/Morningstar Wide Moat Index Fund - Class A |
| JNL/Neuberger Berman Strategic Income Fund - Class A |
| JNL/Newton Equity Income Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (542 | ) | $ | (343 | ) | $ | (18,632 | ) | $ | — |
| $ | (15 | ) | $ | (1,436 | ) | $ | (3,481 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 178 |
|
| 134 |
|
| 26,844 |
|
| — |
|
| 1,155 |
|
| 68 |
|
| 2,298 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (570 | ) |
| (4,980 | ) |
| (142,242 | ) |
| — |
|
| (2,113 | ) |
| (11,448 | ) |
| 4,932 |
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (934 | ) |
| (5,189 | ) |
| (134,030 | ) |
| — |
|
| (973 | ) |
| (12,816 | ) |
| 3,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| 6,690 |
|
| — |
|
| — |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| (969 | ) |
| — |
|
| (66,390 | ) |
| — |
|
| — |
|
| — |
|
| (19,186 | ) |
| |
Transfers between Investment Divisions |
| 20,014 |
|
| (281 | ) |
| 3,009 |
|
| — |
|
| (216 | ) |
| — |
|
| 53,108 |
|
| |
Contract owner charges |
| (9 | ) |
| (2 | ) |
| (565 | ) |
| — |
|
| — |
|
| (2 | ) |
| (43 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| 19,036 |
|
| (283 | ) |
| (57,256 | ) |
| — |
|
| (216 | ) |
| (2 | ) |
| 33,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| 18,102 |
|
| (5,472 | ) |
| (191,286 | ) |
| — |
|
| (1,189 | ) |
| (12,818 | ) |
| 37,628 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 23,355 |
|
| 27,053 |
|
| 1,358,756 |
|
| — |
|
| 6,605 |
|
| 105,501 |
|
| 29,302 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 41,457 |
| $ | 21,581 |
| $ | 1,167,470 |
| $ | — |
| $ | 5,416 |
| $ | 92,683 |
| $ | 66,930 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 1,211 |
|
| 818 |
|
| 44,083 |
|
| - |
|
| 393 |
|
| 8,442 |
|
| 889 |
|
| |
Units issued |
| 1,003 |
|
| 9 |
|
| 3,193 |
|
| — |
|
| 10 |
|
| — |
|
| 42,361 |
|
| |
Units redeemed |
| (52 | ) |
| (19 | ) |
| (4,975 | ) |
| — |
|
| (24 | ) |
| — |
|
| (41,253 | ) |
| |
Units outstanding at end of year |
| 2,162 |
|
| 808 |
|
| 42,301 |
|
| — |
|
| 379 |
|
| 8,442 |
|
| 1,997 |
|
| |
See Notes to the Financial Statements.
47
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/PIMCO Income Fund - Class A |
| JNL/PIMCO Investment Grade Credit Bond Fund - Class A |
| JNL/PIMCO Real Return Fund - Class A |
| JNL/PPM America Floating Rate Income Fund - Class A |
| JNL/PPM America High Yield Bond Fund - Class A |
| JNL/PPM America Total Return Fund - Class A |
| JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (1,422 | ) | $ | (93 | ) | $ | (2,012 | ) | $ | (351 | ) | $ | (14,022 | ) | $ | (73 | ) | $ | (896 | ) |
| |
Net realized gain (loss) on investments in Funds |
| (1,216 | ) |
| (2,427 | ) |
| 2,375 |
|
| 211 |
|
| 4,972 |
|
| (9 | ) |
| 1,161 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (8,071 | ) |
| 199 |
|
| (18,572 | ) |
| (1,333 | ) |
| (133,428 | ) |
| (689 | ) |
| (11,180 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (10,709 | ) |
| (2,321 | ) |
| (18,209 | ) |
| (1,473 | ) |
| (142,478 | ) |
| (771 | ) |
| (10,915 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| — |
|
| — |
|
| 16,959 |
|
| — |
|
| 846 |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| (24,717 | ) |
| (25,030 | ) |
| (34,842 | ) |
| (1,461 | ) |
| (105,969 | ) |
| — |
|
| (65 | ) |
| |
Transfers between Investment Divisions |
| (7,900 | ) |
| (1,013 | ) |
| (1,874 | ) |
| (1,819 | ) |
| (116,825 | ) |
| — |
|
| (17,266 | ) |
| |
Contract owner charges |
| (10 | ) |
| (1 | ) |
| (134 | ) |
| (13 | ) |
| (812 | ) |
| (5 | ) |
| (2 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (32,627 | ) |
| (26,044 | ) |
| (19,891 | ) |
| (3,293 | ) |
| (222,760 | ) |
| (5 | ) |
| (17,333 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (43,336 | ) |
| (28,365 | ) |
| (38,100 | ) |
| (4,766 | ) |
| (365,238 | ) |
| (776 | ) |
| (28,248 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 114,510 |
|
| 28,431 |
|
| 140,700 |
|
| 24,591 |
|
| 1,101,097 |
|
| 4,978 |
|
| 68,839 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 71,174 |
| $ | 66 |
| $ | 102,600 |
| $ | 19,825 |
| $ | 735,859 |
| $ | 4,202 |
| $ | 40,591 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 10,557 |
|
| 2,025 |
|
| 8,893 |
|
| 2,075 |
|
| 43,688 |
|
| 248 |
|
| 3,123 |
|
| |
Units issued |
| 187 |
|
| 6 |
|
| 1,301 |
|
| 15 |
|
| 209 |
|
| — |
|
| 2 |
|
| |
Units redeemed |
| (3,482 | ) |
| (2,025 | ) |
| (2,690 | ) |
| (307 | ) |
| (10,346 | ) |
| — |
|
| (951 | ) |
| |
Units outstanding at end of year |
| 7,262 |
|
| 6 |
|
| 7,504 |
|
| 1,783 |
|
| 33,551 |
|
| 248 |
|
| 2,174 |
|
| |
See Notes to the Financial Statements.
48
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
| JNL/T. Rowe Price Balanced Fund - Class A |
| JNL/T. Rowe Price Capital Appreciation Fund - Class A |
| JNL/T. Rowe Price Established Growth Fund - Class A |
| JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
| JNL/T. Rowe Price Short-Term Bond Fund - Class A |
| JNL/T. Rowe Price U.S. High Yield Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (23,150 | ) | $ | — |
| $ | (11,137 | ) | $ | (45,896 | ) | $ | (50,383 | ) | $ | (7,910 | ) | $ | — |
|
| |
Net realized gain (loss) on investments in Funds |
| 76,276 |
|
| — |
|
| 4,614 |
|
| 58,431 |
|
| 207,685 |
|
| (191 | ) |
| — |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (212,607 | ) |
| — |
|
| (97,550 | ) |
| (1,665,032 | ) |
| (1,126,779 | ) |
| (25,848 | ) |
| — |
|
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (159,481 | ) |
| — |
|
| (104,073 | ) |
| (1,652,497 | ) |
| (969,477 | ) |
| (33,949 | ) |
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 7,241 |
|
| — |
|
| — |
|
| 14,953 |
|
| 348 |
|
| — |
|
| — |
|
| |
Surrenders and terminations |
| (108,178 | ) |
| — |
|
| (27,220 | ) |
| (229,091 | ) |
| (333,885 | ) |
| (24,129 | ) |
| — |
|
| |
Transfers between Investment Divisions |
| (57,528 | ) |
| — |
|
| (1,479 | ) |
| (5,715 | ) |
| (151,169 | ) |
| 99,962 |
|
| — |
|
| |
Contract owner charges |
| (4,681 | ) |
| — |
|
| (109 | ) |
| (5,055 | ) |
| (704 | ) |
| (173 | ) |
| — |
|
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (163,146 | ) |
| — |
|
| (28,808 | ) |
| (224,908 | ) |
| (485,410 | ) |
| 75,660 |
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (322,627 | ) |
| — |
|
| (132,881 | ) |
| (1,877,405 | ) |
| (1,454,887 | ) |
| 41,711 |
|
| — |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 1,707,265 |
|
| — |
|
| 788,399 |
|
| 4,255,119 |
|
| 4,271,424 |
|
| 445,871 |
|
| — |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 1,384,638 |
| $ | — |
| $ | 655,518 |
| $ | 2,377,714 |
| $ | 2,816,537 |
| $ | 487,582 |
| $ | — |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 57,545 |
|
| - |
|
| 34,273 |
|
| 73,800 |
|
| 65,969 |
|
| 42,918 |
|
| - |
|
| |
Units issued |
| 1,160 |
|
| — |
|
| 329 |
|
| 6,907 |
|
| 1,049 |
|
| 14,778 |
|
| — |
|
| |
Units redeemed |
| (7,193 | ) |
| — |
|
| (1,724 | ) |
| (12,369 | ) |
| (10,298 | ) |
| (7,763 | ) |
| — |
|
| |
Units outstanding at end of year |
| 51,512 |
|
| — |
|
| 32,878 |
|
| 68,338 |
|
| 56,720 |
|
| 49,933 |
|
| — |
|
| |
See Notes to the Financial Statements.
49
Jackson National Separate Account V | |||||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/T. Rowe Price Value Fund - Class A |
| JNL/Vanguard Growth ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate ETF Allocation Fund - Class A |
| JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
| JNL/WCM Focused International Equity Fund - Class A |
| JNL/Westchester Capital Event Driven Fund - Class A |
| JNL/Western Asset Global Multi-Sector Bond Fund - Class A |
|
| |||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | (13,868 | ) | $ | (3,986 | ) | $ | (134 | ) | $ | (340 | ) | $ | (224 | ) | $ | — |
| $ | (3,747 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 47,683 |
|
| (2,091 | ) |
| 3,246 |
|
| (29 | ) |
| 7,325 |
|
| — |
|
| (14,808 | ) |
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (168,877 | ) |
| (46,222 | ) |
| (6,186 | ) |
| (3,953 | ) |
| (4,697 | ) |
| — |
|
| (1,849 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (135,062 | ) |
| (52,299 | ) |
| (3,074 | ) |
| (4,322 | ) |
| 2,404 |
|
| — |
|
| (20,404 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Surrenders and terminations |
| (72,746 | ) |
| (17,045 | ) |
| (15,313 | ) |
| — |
|
| (74 | ) |
| — |
|
| (4,536 | ) |
| |
Transfers between Investment Divisions |
| (61,834 | ) |
| (240 | ) |
| (11,264 | ) |
| 398 |
|
| 42,647 |
|
| — |
|
| (16,294 | ) |
| |
Contract owner charges |
| (147 | ) |
| (124 | ) |
| — |
|
| — |
|
| — |
|
| — |
|
| (9 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (134,727 | ) |
| (17,409 | ) |
| (26,577 | ) |
| 398 |
|
| 42,573 |
|
| — |
|
| (20,839 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (269,789 | ) |
| (69,708 | ) |
| (29,651 | ) |
| (3,924 | ) |
| 44,977 |
|
| — |
|
| (41,243 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 1,101,940 |
|
| 293,970 |
|
| 29,651 |
|
| 25,739 |
|
| 9,408 |
|
| — |
|
| 267,205 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 832,151 |
| $ | 224,262 |
| $ | — |
| $ | 21,815 |
| $ | 54,385 |
| $ | — |
| $ | 225,962 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 27,303 |
|
| 20,434 |
|
| 2,398 |
|
| 1,923 |
|
| 381 |
|
| - |
|
| 27,175 |
|
| |
Units issued |
| 63 |
|
| 104 |
|
| — |
|
| 33 |
|
| 3,171 |
|
| — |
|
| 1,364 |
|
| |
Units redeemed |
| (3,703 | ) |
| (1,542 | ) |
| (2,398 | ) |
| — |
|
| (380 | ) |
| — |
|
| (3,797 | ) |
| |
Units outstanding at end of year |
| 23,663 |
|
| 18,996 |
|
| — |
|
| 1,956 |
|
| 3,172 |
|
| — |
|
| 24,742 |
|
| |
See Notes to the Financial Statements.
50
Jackson National Separate Account V | ||||||||||||||||||||
Statements of Changes in Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JNL/William Blair International Leaders Fund - Class A |
| JNL/WMC Balanced Fund - Class A |
| JNL/WMC Equity Income Fund - Class A |
| JNL/WMC Global Real Estate Fund - Class A |
| JNL/WMC Government Money Market Fund - Class A |
| JNL/WMC Value Fund - Class A |
|
| ||||||
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net investment income (loss) | $ | 760 |
| $ | (26,585 | ) | $ | (4 | ) | $ | (1,460 | ) | $ | (3,470 | ) | $ | (4,081 | ) |
| |
Net realized gain (loss) on investments in Funds |
| 89,058 |
|
| 196,310 |
|
| — |
|
| 520 |
|
| 1 |
|
| 27,549 |
|
| |
Net change in unrealized appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| (depreciation) on investments in Funds |
| (323,874 | ) |
| (487,843 | ) |
| 9 |
|
| (31,136 | ) |
| — |
|
| (45,373 | ) |
|
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from operations |
| (234,056 | ) |
| (318,118 | ) |
| 5 |
|
| (32,076 | ) |
| (3,469 | ) |
| (21,905 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Purchase payments |
| 348 |
|
| — |
|
| — |
|
| 6,783 |
|
| 17,583 |
|
| — |
|
| |
Surrenders and terminations |
| (56,178 | ) |
| (153,870 | ) |
| — |
|
| (3,494 | ) |
| (21,346 | ) |
| (56,143 | ) |
| |
Transfers between Investment Divisions |
| (9,695 | ) |
| (379,157 | ) |
| 653 |
|
| 4,360 |
|
| 38,151 |
|
| (59,168 | ) |
| |
Contract owner charges |
| (786 | ) |
| (1,327 | ) |
| — |
|
| (63 | ) |
| (3,679 | ) |
| (102 | ) |
| |
Net change in net assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| from contract transactions |
| (66,311 | ) |
| (534,354 | ) |
| 653 |
|
| 7,586 |
|
| 30,709 |
|
| (115,413 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in net assets |
| (300,367 | ) |
| (852,472 | ) |
| 658 |
|
| (24,490 | ) |
| 27,240 |
|
| (137,318 | ) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets beginning of year |
| 890,028 |
|
| 2,094,264 |
|
| — |
|
| 108,552 |
|
| 385,678 |
|
| 326,124 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets end of year | $ | 589,661 |
| $ | 1,241,792 |
| $ | 658 |
| $ | 84,062 |
| $ | 412,918 |
| $ | 188,806 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract unit transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Units outstanding at beginning of year |
| 53,566 |
|
| 66,680 |
|
| - |
|
| 5,210 |
|
| 41,283 |
|
| 9,041 |
|
| |
Units issued |
| 3,715 |
|
| 3,655 |
|
| 45 |
|
| 722 |
|
| 28,056 |
|
| 86 |
|
| |
Units redeemed |
| (9,222 | ) |
| (23,576 | ) |
| — |
|
| (268 | ) |
| (24,907 | ) |
| (3,555 | ) |
| |
Units outstanding at end of year |
| 48,059 |
|
| 46,759 |
|
| 45 |
|
| 5,664 |
|
| 44,432 |
|
| 5,572 |
|
| |
See Notes to the Financial Statements.
51
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL Aggressive Growth Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| 15.800126 |
| (21.12 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 32 |
| 2 |
| 0.00 |
|
| 20.029520 |
| 13.53 |
| 1.65 |
|
| 20.470342 |
| 13.70 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 17.642893 |
| 14.47 |
| 1.65 |
|
| 18.004164 |
| 14.64 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 15.413142 |
| 24.07 |
| 1.65 |
|
| 15.705163 |
| 24.18 |
| 1.50 |
| |
JNL Conservative Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 83 |
| 7 |
| 0.00 |
|
| 11.776503 |
| 7.50 |
| 1.65 |
|
| 11.977854 |
| 7.66 |
| 1.50 |
| |
12/31/2022 |
| 294 |
| 27 |
| 0.00 |
|
| 10.955244 |
| (14.55 | ) | 1.65 |
|
| 11.125872 |
| (14.42 | ) | 1.50 |
| |
12/31/2021 |
| 253 |
| 20 |
| 0.00 |
|
| 12.820931 |
| 1.98 |
| 1.65 |
|
| 13.001164 |
| 2.13 |
| 1.50 |
| |
12/31/2020 |
| 248 |
| 20 |
| 0.00 |
|
| 12.572290 |
| 5.75 |
| 1.65 |
|
| 12.729914 |
| 5.91 |
| 1.50 |
| |
12/31/2019 |
| 235 |
| 20 |
| 0.00 |
|
| 11.888163 |
| 10.62 |
| 1.65 |
|
| 12.019231 |
| 10.78 |
| 1.50 |
| |
JNL Growth Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 92 |
| 5 |
| 0.00 |
|
| 18.582392 |
| 14.65 |
| 1.65 |
|
| 19.060707 |
| 14.82 |
| 1.50 |
| |
12/31/2022 |
| 82 |
| 5 |
| 0.00 |
|
| 16.207732 |
| (19.97 | ) | 1.65 |
|
| 16.600117 |
| (19.85 | ) | 1.50 |
| |
12/31/2021 |
| 51 |
| 2 |
| 0.00 |
|
| 20.252330 |
| 11.28 |
| 1.65 |
|
| 20.711630 |
| 11.45 |
| 1.50 |
| |
12/31/2020 |
| 483 |
| 26 |
| 0.00 |
|
| 18.199264 |
| 13.46 |
| 1.65 |
|
| 18.584143 |
| 13.63 |
| 1.50 |
| |
12/31/2019 |
| 425 |
| 26 |
| 0.00 |
|
| 16.040734 |
| 21.66 |
| 1.65 |
|
| 16.355422 |
| 21.84 |
| 1.50 |
| |
JNL iShares Tactical Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 20.671877 |
| 13.16 |
| 1.65 |
|
| 20.980988 |
| 13.33 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 18.267977 |
| 10.44 |
| 1.65 |
|
| 18.513353 |
| 10.61 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 16.540655 |
| 19.66 |
| 1.65 |
|
| 16.737703 |
| 19.84 |
| 1.50 |
| |
JNL iShares Tactical Moderate Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| 13.532360 |
| 7.82 |
| 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 115 |
| 9 |
| 1.38 |
|
| 12.551280 |
| (14.57 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 148 |
| 10 |
| 1.20 |
|
| 14.691641 |
| 5.88 |
| 1.65 |
|
| 14.911365 |
| 6.04 |
| 1.50 |
| |
12/31/2020 |
| 140 |
| 10 |
| 1.86 |
|
| 13.875616 |
| 6.90 |
| 1.65 |
|
| 14.062017 |
| 7.06 |
| 1.50 |
| |
12/31/2019 |
| 130 |
| 10 |
| 2.86 |
|
| 12.979665 |
| 12.51 |
| 1.65 |
|
| 13.134316 |
| 12.67 |
| 1.50 |
| |
JNL iShares Tactical Moderate Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 17.864631 |
| 9.50 |
| 1.65 |
|
| 18.131777 |
| 9.67 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 16.314287 |
| 9.33 |
| 1.65 |
|
| 16.533429 |
| 9.49 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 14.922479 |
| 16.13 |
| 1.65 |
|
| 15.100251 |
| 16.30 |
| 1.50 |
| |
JNL Moderate Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 355 |
| 22 |
| 0.00 |
|
| 15.885892 |
| 10.11 |
| 1.65 |
|
| 16.035667 |
| 10.28 |
| 1.50 |
| |
12/31/2022 |
| 452 |
| 31 |
| 0.00 |
|
| 14.426753 |
| (16.09 | ) | 1.65 |
|
| 14.541107 |
| (15.97 | ) | 1.50 |
| |
12/31/2021 |
| 493 |
| 29 |
| 0.00 |
|
| 17.193378 |
| 5.64 |
| 1.65 |
|
| 17.303760 |
| 5.80 |
| 1.50 |
| |
12/31/2020 |
| 471 |
| 29 |
| 0.00 |
|
| 16.275678 |
| 9.38 |
| 1.65 |
|
| 16.355629 |
| 9.54 |
| 1.50 |
| |
12/31/2019 |
| 119 |
| 8 |
| 0.00 |
|
| 14.880508 |
| 13.77 |
| 1.65 |
|
| 14.931178 |
| 13.95 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
52
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL Moderate Growth Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 20 |
| 1 |
| 0.00 |
|
| 17.669331 |
| 11.88 |
| 1.65 |
|
| 18.126212 |
| 12.05 |
| 1.50 |
| |
12/31/2022 |
| 32 |
| 2 |
| 0.00 |
|
| 15.793644 |
| (17.15 | ) | 1.65 |
|
| 16.176322 |
| (17.02 | ) | 1.50 |
| |
12/31/2021 |
| 39 |
| 2 |
| 0.00 |
|
| 19.062387 |
| 8.39 |
| 1.65 |
|
| 19.495128 |
| 8.57 |
| 1.50 |
| |
12/31/2020 |
| 40 |
| 2 |
| 0.00 |
|
| 17.586248 |
| 10.96 |
| 1.65 |
|
| 17.956270 |
| 11.12 |
| 1.50 |
| |
12/31/2019 |
| 85 |
| 5 |
| 0.00 |
|
| 15.848542 |
| 17.58 |
| 1.65 |
|
| 16.159716 |
| 17.75 |
| 1.50 |
| |
JNL Multi-Manager Alternative Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 28 |
| 3 |
| 0.00 |
|
| 10.499157 |
| 9.69 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 10.854761 |
| 1.25 |
| 1.50 |
|
| 10.854761 |
| 1.25 |
| 1.50 |
| |
12/31/2020+ |
| — |
| — |
| 0.00 |
|
| 10.720511 |
| 14.17 | ‡ | 1.50 |
|
| 10.720511 |
| 14.17 | ‡ | 1.50 |
| |
JNL Multi-Manager Emerging Markets Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 64 |
| 5 |
| 1.27 |
|
| 11.646787 |
| 8.31 |
| 1.65 |
|
| 11.959632 |
| 8.47 |
| 1.50 |
| |
12/31/2022 |
| 76 |
| 7 |
| 0.80 |
|
| 10.752990 |
| (25.37 | ) | 1.65 |
|
| 11.025349 |
| (25.26 | ) | 1.50 |
| |
12/31/2021 |
| 124 |
| 9 |
| 1.31 |
|
| 14.407895 |
| (1.56 | ) | 1.65 |
|
| 14.750726 |
| (1.41 | ) | 1.50 |
| |
12/31/2020 |
| 115 |
| 8 |
| 1.28 |
|
| 14.636050 |
| 7.08 |
| 1.65 |
|
| 14.961810 |
| 7.24 |
| 1.50 |
| |
12/31/2019 |
| 115 |
| 8 |
| 2.09 |
|
| 13.668560 |
| 15.92 |
| 1.65 |
|
| 13.951832 |
| 16.10 |
| 1.50 |
| |
JNL Multi-Manager International Small Cap Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 63 |
| 5 |
| 2.93 |
|
| 12.679110 |
| 20.47 |
| 1.65 |
|
| 12.781923 |
| 20.65 |
| 1.50 |
| |
12/31/2022 |
| 40 |
| 4 |
| 0.65 |
|
| 10.524663 |
| (31.57 | ) | 1.65 |
|
| 10.594150 |
| (31.47 | ) | 1.50 |
| |
12/31/2021+ |
| 111 |
| 7 |
| 0.48 |
|
| 15.380470 |
| 1.93 | ‡ | 1.65 |
|
| 15.458816 |
| 2.04 | ‡ | 1.50 |
| |
JNL Multi-Manager Mid Cap Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 63 |
| 4 |
| 0.00 |
|
| 17.806348 |
| 10.50 |
| 1.65 |
|
| 18.002115 |
| 10.66 |
| 1.50 |
| |
12/31/2022 |
| 62 |
| 4 |
| 0.00 |
|
| 16.114895 |
| (17.81 | ) | 1.65 |
|
| 16.267812 |
| (17.68 | ) | 1.50 |
| |
12/31/2021 |
| 22 |
| 1 |
| 0.00 |
|
| 19.606361 |
| 22.21 |
| 1.65 |
|
| 19.762370 |
| 22.40 |
| 1.50 |
| |
12/31/2020 |
| 15 |
| 1 |
| 0.00 |
|
| 16.042795 |
| 12.64 |
| 1.65 |
|
| 16.146235 |
| 12.81 |
| 1.50 |
| |
12/31/2019 |
| 13 |
| 1 |
| 0.00 |
|
| 14.242089 |
| 26.66 |
| 1.65 |
|
| 14.312483 |
| 26.85 |
| 1.50 |
| |
JNL Multi-Manager Small Cap Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 58 |
| 1 |
| 0.00 |
|
| 40.022859 |
| 14.42 |
| 1.65 |
|
| 41.219877 |
| 14.59 |
| 1.50 |
| |
12/31/2022 |
| 150 |
| 4 |
| 0.00 |
|
| 34.978071 |
| (32.20 | ) | 1.65 |
|
| 35.970375 |
| (32.10 | ) | 1.50 |
| |
12/31/2021 |
| 293 |
| 6 |
| 0.00 |
|
| 51.589735 |
| 1.24 |
| 1.65 |
|
| 52.974446 |
| 1.39 |
| 1.50 |
| |
12/31/2020 |
| 321 |
| 6 |
| 0.00 |
|
| 50.959451 |
| 44.03 |
| 1.65 |
|
| 52.248824 |
| 44.25 |
| 1.50 |
| |
12/31/2019 |
| 205 |
| 6 |
| 0.00 |
|
| 35.381352 |
| 33.67 |
| 1.65 |
|
| 36.222218 |
| 33.87 |
| 1.50 |
| |
JNL Multi-Manager Small Cap Value Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 409 |
| 15 |
| 0.00 |
|
| 27.525484 |
| 19.00 |
| 1.65 |
|
| 27.803972 |
| 19.18 |
| 1.50 |
| |
12/31/2022 |
| 437 |
| 19 |
| 0.00 |
|
| 23.130843 |
| (13.59 | ) | 1.65 |
|
| 23.330268 |
| (13.46 | ) | 1.50 |
| |
12/31/2021 |
| 546 |
| 20 |
| 0.00 |
|
| 26.768563 |
| 20.98 |
| 1.65 |
|
| 26.958900 |
| 21.16 |
| 1.50 |
| |
12/31/2020 |
| 460 |
| 21 |
| 0.00 |
|
| 22.126982 |
| 4.03 |
| 1.65 |
|
| 22.250883 |
| 4.19 |
| 1.50 |
| |
12/31/2019 |
| 405 |
| 19 |
| 0.00 |
|
| 21.269368 |
| 23.21 |
| 1.65 |
|
| 21.356513 |
| 23.40 |
| 1.50 |
| |
+ | The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL Multi-Manager Alternative Fund - Class A - April 27, 2020; JNL Multi-Manager International Small Cap Fund - Class A - April 26, 2021. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
53
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/AB Sustainable Global Thematic Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022+ |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
JNL/American Funds Balanced Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 277 |
| 12 |
| 0.00 |
|
| 22.073815 |
| 11.99 |
| 1.65 |
|
| 22.734503 |
| 12.16 |
| 1.50 |
| |
12/31/2022 |
| 249 |
| 12 |
| 0.00 |
|
| 19.710052 |
| (15.17 | ) | 1.65 |
|
| 20.269665 |
| (15.04 | ) | 1.50 |
| |
12/31/2021 |
| 295 |
| 12 |
| 0.00 |
|
| 23.233690 |
| 12.83 |
| 1.65 |
|
| 23.857644 |
| 13.00 |
| 1.50 |
| |
12/31/2020 |
| 290 |
| 14 |
| 0.00 |
|
| 20.591996 |
| 10.22 |
| 1.65 |
|
| 21.113320 |
| 10.39 |
| 1.50 |
| |
12/31/2019 |
| 269 |
| 14 |
| 0.00 |
|
| 18.681979 |
| 18.80 |
| 1.65 |
|
| 19.126220 |
| 18.98 |
| 1.50 |
| |
JNL/American Funds Bond Fund of America Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 42 |
| 5 |
| 0.00 |
|
| 8.857140 |
| 3.10 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021+ |
| — |
| — |
| 0.00 |
|
| 10.007072 |
| 0.17 | ‡ | 1.50 |
|
| 10.007072 |
| 0.17 | ‡ | 1.50 |
| |
JNL/American Funds Capital Income Builder Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 43 |
| 4 |
| 0.00 |
|
| 12.087820 |
| 6.77 |
| 1.65 |
|
| 12.186205 |
| 6.93 |
| 1.50 |
| |
12/31/2022 |
| 44 |
| 4 |
| 0.00 |
|
| 11.320945 |
| (9.03 | ) | 1.65 |
|
| 11.395983 |
| (8.90 | ) | 1.50 |
| |
12/31/2021 |
| 57 |
| 5 |
| 0.00 |
|
| 12.445022 |
| 12.66 |
| 1.65 |
|
| 12.508744 |
| 12.83 |
| 1.50 |
| |
12/31/2020 |
| 56 |
| 5 |
| 0.00 |
|
| 11.046909 |
| 2.28 |
| 1.65 |
|
| 11.086442 |
| 2.43 |
| 1.50 |
| |
12/31/2019 |
| 51 |
| 5 |
| 0.00 |
|
| 10.800597 |
| 15.51 |
| 1.65 |
|
| 10.823028 |
| 15.68 |
| 1.50 |
| |
JNL/American Funds Capital World Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 58 |
| 6 |
| 0.00 |
|
| 8.991868 |
| 4.09 |
| 1.65 |
|
| 9.177855 |
| 4.24 |
| 1.50 |
| |
12/31/2022 |
| 54 |
| 6 |
| 0.00 |
|
| 8.638697 |
| (19.24 | ) | 1.65 |
|
| 8.804219 |
| (19.12 | ) | 1.50 |
| |
12/31/2021 |
| 85 |
| 8 |
| 0.00 |
|
| 10.697181 |
| (6.88 | ) | 1.65 |
|
| 10.885762 |
| (6.74 | ) | 1.50 |
| |
12/31/2020 |
| 78 |
| 7 |
| 0.00 |
|
| 11.487067 |
| 7.76 |
| 1.65 |
|
| 11.672042 |
| 7.92 |
| 1.50 |
| |
12/31/2019 |
| 62 |
| 6 |
| 0.00 |
|
| 10.660218 |
| 5.75 |
| 1.65 |
|
| 10.815656 |
| 5.91 |
| 1.50 |
| |
JNL/American Funds Global Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| 18.997630 |
| (26.12 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 27 |
| 1 |
| 0.00 |
|
| 25.397516 |
| 14.18 |
| 1.65 |
|
| 25.715190 |
| 14.35 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 22.243467 |
| 27.96 |
| 1.65 |
|
| 22.487924 |
| 28.15 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 17.383536 |
| 32.75 |
| 1.65 |
|
| 17.548237 |
| 32.95 |
| 1.50 |
| |
JNL/American Funds Global Small Capitalization Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 7 |
| 0 |
| 0.00 |
|
| 18.770224 |
| 14.11 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 6 |
| 0 |
| 0.00 |
|
| 16.448546 |
| (30.85 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 31 |
| 1 |
| 0.00 |
|
| 23.380750 |
| 4.64 |
| 1.65 |
|
| 23.785098 |
| 4.79 |
| 1.50 |
| |
12/31/2020 |
| 41 |
| 2 |
| 0.00 |
|
| 22.344564 |
| 27.19 |
| 1.65 |
|
| 22.696963 |
| 27.39 |
| 1.50 |
| |
12/31/2019 |
| 7 |
| 0 |
| 0.00 |
|
| 17.567209 |
| 29.00 |
| 1.65 |
|
| 17.816485 |
| 29.15 |
| 1.50 |
| |
+ | The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/AB Sustainable Global Thematic Fund - Class A - April 25, 2022; JNL/American Funds Bond Fund of America Fund - Class A - April 26, 2021. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
54
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/American Funds Growth Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 68 |
| 3 |
| 0.00 |
|
| 21.244113 |
| 15.29 |
| 1.65 |
|
| 21.602064 |
| 15.46 |
| 1.50 |
| |
12/31/2022 |
| 62 |
| 3 |
| 0.00 |
|
| 18.427309 |
| (20.60 | ) | 1.65 |
|
| 18.709789 |
| (20.47 | ) | 1.50 |
| |
12/31/2021 |
| 61 |
| 3 |
| 0.00 |
|
| 23.207277 |
| 11.94 |
| 1.65 |
|
| 23.524854 |
| 11.94 |
| 1.50 |
| |
12/31/2020 |
| 62 |
| 3 |
| 0.00 |
|
| 20.731550 |
| 17.92 |
| 1.65 |
|
| 21.014726 |
| 18.25 |
| 1.50 |
| |
12/31/2019 |
| 44 |
| 2 |
| 0.00 |
|
| 17.580366 |
| 21.38 |
| 1.65 |
|
| 17.770737 |
| 21.53 |
| 1.50 |
| |
JNL/American Funds Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 388 |
| 9 |
| 0.00 |
|
| 41.911745 |
| 35.78 |
| 1.65 |
|
| 42.666933 |
| 35.98 |
| 1.50 |
| |
12/31/2022 |
| 124 |
| 4 |
| 0.00 |
|
| 30.867105 |
| (31.29 | ) | 1.65 |
|
| 31.376331 |
| (31.19 | ) | 1.50 |
| |
12/31/2021 |
| 455 |
| 10 |
| 0.00 |
|
| 44.926394 |
| 19.62 |
| 1.65 |
|
| 45.599441 |
| 19.80 |
| 1.50 |
| |
12/31/2020 |
| 218 |
| 6 |
| 0.00 |
|
| 37.558207 |
| 49.12 |
| 1.65 |
|
| 38.063194 |
| 49.34 |
| 1.50 |
| |
12/31/2019 |
| 22 |
| 1 |
| 0.00 |
|
| 25.186834 |
| 28.19 |
| 1.65 |
|
| 25.487089 |
| 28.38 |
| 1.50 |
| |
JNL/American Funds Growth-Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 149 |
| 4 |
| 0.00 |
|
| 34.301985 |
| 23.62 |
| 1.65 |
|
| 35.011968 |
| 23.80 |
| 1.50 |
| |
12/31/2022 |
| 123 |
| 4 |
| 0.00 |
|
| 27.748487 |
| (18.18 | ) | 1.65 |
|
| 28.280529 |
| (18.06 | ) | 1.50 |
| |
12/31/2021 |
| 216 |
| 6 |
| 0.00 |
|
| 33.914438 |
| 21.63 |
| 1.65 |
|
| 34.513207 |
| 21.81 |
| 1.50 |
| |
12/31/2020 |
| 165 |
| 6 |
| 0.00 |
|
| 27.884266 |
| 11.25 |
| 1.65 |
|
| 28.334011 |
| 11.42 |
| 1.50 |
| |
12/31/2019 |
| 151 |
| 6 |
| 0.00 |
|
| 25.064856 |
| 23.60 |
| 1.65 |
|
| 25.430981 |
| 23.78 |
| 1.50 |
| |
JNL/American Funds International Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 428 |
| 30 |
| 0.00 |
|
| 14.186329 |
| 13.45 |
| 1.65 |
|
| 14.480633 |
| 13.62 |
| 1.50 |
| |
12/31/2022 |
| 468 |
| 37 |
| 0.00 |
|
| 12.504300 |
| (22.36 | ) | 1.65 |
|
| 12.744642 |
| (22.25 | ) | 1.50 |
| |
12/31/2021 |
| 569 |
| 35 |
| 0.00 |
|
| 16.106484 |
| (3.43 | ) | 1.65 |
|
| 16.391580 |
| (3.28 | ) | 1.50 |
| |
12/31/2020 |
| 561 |
| 33 |
| 0.00 |
|
| 16.677830 |
| 11.70 |
| 1.65 |
|
| 16.947628 |
| 11.87 |
| 1.50 |
| |
12/31/2019 |
| 480 |
| 32 |
| 0.00 |
|
| 14.931078 |
| 20.45 |
| 1.65 |
|
| 15.149878 |
| 20.63 |
| 1.50 |
| |
JNL/American Funds Moderate Growth Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 389 |
| 22 |
| 0.00 |
|
| 17.627112 |
| 11.98 |
| 1.65 |
|
| 17.952145 |
| 12.14 |
| 1.50 |
| |
12/31/2022 |
| 376 |
| 24 |
| 0.00 |
|
| 15.741933 |
| (18.59 | ) | 1.65 |
|
| 16.008239 |
| (18.47 | ) | 1.50 |
| |
12/31/2021 |
| 521 |
| 27 |
| 0.00 |
|
| 19.337108 |
| 8.16 |
| 1.65 |
|
| 19.634804 |
| 8.32 |
| 1.50 |
| |
12/31/2020 |
| 284 |
| 16 |
| 0.00 |
|
| 17.878234 |
| 15.40 |
| 1.65 |
|
| 18.126257 |
| 15.57 |
| 1.50 |
| |
12/31/2019 |
| 157 |
| 10 |
| 0.00 |
|
| 15.492478 |
| 16.71 |
| 1.65 |
|
| 15.683909 |
| 16.88 |
| 1.50 |
| |
JNL/American Funds New World Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 55 |
| 4 |
| 0.00 |
|
| 15.351948 |
| 13.58 |
| 1.65 |
|
| 15.678927 |
| 13.75 |
| 1.50 |
| |
12/31/2022 |
| 191 |
| 14 |
| 0.00 |
|
| 13.516975 |
| (23.69 | ) | 1.65 |
|
| 13.784231 |
| (23.57 | ) | 1.50 |
| |
12/31/2021 |
| 168 |
| 9 |
| 0.00 |
|
| 17.712412 |
| 2.75 |
| 1.65 |
|
| 18.035628 |
| 2.90 |
| 1.50 |
| |
12/31/2020 |
| 149 |
| 9 |
| 0.00 |
|
| 17.238576 |
| 21.04 |
| 1.65 |
|
| 17.526836 |
| 21.22 |
| 1.50 |
| |
12/31/2019 |
| 123 |
| 9 |
| 0.00 |
|
| 14.241819 |
| 26.58 |
| 1.65 |
|
| 14.458298 |
| 26.77 |
| 1.50 |
| |
JNL/American Funds Washington Mutual Investors Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 157 |
| 5 |
| 0.00 |
|
| 30.550913 |
| 15.01 |
| 1.65 |
|
| 31.213645 |
| 15.18 |
| 1.50 |
| |
12/31/2022 |
| 140 |
| 5 |
| 0.00 |
|
| 26.563950 |
| (10.38 | ) | 1.65 |
|
| 27.099642 |
| (10.25 | ) | 1.50 |
| |
12/31/2021 |
| 192 |
| 6 |
| 0.00 |
|
| 29.641642 |
| 25.23 |
| 1.65 |
|
| 30.194238 |
| 25.42 |
| 1.50 |
| |
12/31/2020 |
| 262 |
| 11 |
| 0.00 |
|
| 23.670298 |
| 6.64 |
| 1.65 |
|
| 24.075438 |
| 6.80 |
| 1.50 |
| |
12/31/2019 |
| 227 |
| 10 |
| 0.00 |
|
| 22.195525 |
| 18.98 |
| 1.65 |
|
| 22.541551 |
| 19.16 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
55
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/AQR Large Cap Defensive Style Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 87 |
| 6 |
| 0.00 |
|
| 13.691011 |
| 8.77 |
| 1.65 |
|
| 13.784046 |
| 8.93 |
| 1.50 |
| |
12/31/2022 |
| 80 |
| 6 |
| 0.00 |
|
| 12.587691 |
| (10.06 | ) | 1.65 |
|
| 12.654221 |
| (9.93 | ) | 1.50 |
| |
12/31/2021 |
| 65 |
| 5 |
| 0.00 |
|
| 13.995639 |
| 19.99 |
| 1.65 |
|
| 14.048558 |
| 20.17 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 11.663661 |
| 9.95 |
| 1.65 |
|
| 11.690291 |
| 10.11 |
| 1.50 |
| |
12/31/2019+ |
| — |
| — |
| 0.00 |
|
| 10.608483 |
| 6.08 | ‡ | 1.65 |
|
| 10.616767 |
| 6.17 | ‡ | 1.50 |
| |
JNL/Baillie Gifford International Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 17 |
| 2 |
| 0.00 |
|
| 10.989158 |
| 11.79 |
| 1.65 |
|
| 11.093570 |
| 11.96 |
| 1.50 |
| |
12/31/2022 |
| 16 |
| 2 |
| 0.14 |
|
| 9.829808 |
| (38.25 | ) | 1.65 |
|
| 9.908542 |
| (38.16 | ) | 1.50 |
| |
12/31/2021 |
| 150 |
| 9 |
| 0.00 |
|
| 15.919128 |
| (8.49 | ) | 1.65 |
|
| 16.022077 |
| (8.36 | ) | 1.50 |
| |
12/31/2020 |
| 125 |
| 7 |
| 0.00 |
|
| 17.396828 |
| 54.09 |
| 1.65 |
|
| 17.482998 |
| 54.32 |
| 1.50 |
| |
12/31/2019 |
| 75 |
| 7 |
| 0.00 |
|
| 11.289932 |
| 28.38 |
| 1.65 |
|
| 11.328782 |
| 28.57 |
| 1.50 |
| |
JNL/BlackRock Global Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 387 |
| 24 |
| 0.00 |
|
| 15.925657 |
| 12.10 |
| 1.65 |
|
| 16.244620 |
| 12.27 |
| 1.50 |
| |
12/31/2022 |
| 352 |
| 25 |
| 0.00 |
|
| 14.206841 |
| (16.92 | ) | 1.65 |
|
| 14.469750 |
| (16.80 | ) | 1.50 |
| |
12/31/2021 |
| 447 |
| 26 |
| 0.00 |
|
| 17.100376 |
| 5.54 |
| 1.65 |
|
| 17.390786 |
| 5.70 |
| 1.50 |
| |
12/31/2020 |
| 436 |
| 27 |
| 0.00 |
|
| 16.202092 |
| 16.99 |
| 1.65 |
|
| 16.452556 |
| 17.17 |
| 1.50 |
| |
12/31/2019 |
| 408 |
| 29 |
| 0.00 |
|
| 13.849045 |
| 15.78 |
| 1.65 |
|
| 14.042063 |
| 15.96 |
| 1.50 |
| |
JNL/BlackRock Global Natural Resources Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 131 |
| 12 |
| 0.00 |
|
| 11.100474 |
| (3.21 | ) | 1.65 |
|
| 11.386185 |
| (3.07 | ) | 1.50 |
| |
12/31/2022 |
| 285 |
| 25 |
| 0.00 |
|
| 11.469072 |
| 15.74 |
| 1.65 |
|
| 11.746682 |
| 15.91 |
| 1.50 |
| |
12/31/2021 |
| 89 |
| 9 |
| 0.00 |
|
| 9.909560 |
| 28.45 |
| 1.65 |
|
| 10.134266 |
| 28.65 |
| 1.50 |
| |
12/31/2020 |
| 74 |
| 10 |
| 0.00 |
|
| 7.714642 |
| 2.59 |
| 1.65 |
|
| 7.877696 |
| 2.74 |
| 1.50 |
| |
12/31/2019 |
| 92 |
| 12 |
| 0.00 |
|
| 7.520041 |
| 12.91 |
| 1.65 |
|
| 7.667516 |
| 13.08 |
| 1.50 |
| |
JNL/BlackRock Large Cap Select Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,781 |
| 78 |
| 0.00 |
|
| 21.114937 |
| 47.26 |
| 1.65 |
|
| 23.801193 |
| 47.48 |
| 1.50 |
| |
12/31/2022 |
| 1,275 |
| 82 |
| 0.00 |
|
| 14.338908 |
| (38.89 | ) | 1.65 |
|
| 16.138951 |
| (38.80 | ) | 1.50 |
| |
12/31/2021 |
| 2,724 |
| 107 |
| 0.00 |
|
| 23.464338 |
| 18.48 |
| 1.65 |
|
| 26.370488 |
| 18.66 |
| 1.50 |
| |
12/31/2020 |
| 2,306 |
| 109 |
| 0.00 |
|
| 19.804701 |
| 36.16 |
| 1.65 |
|
| 22.224224 |
| 36.36 |
| 1.50 |
| |
12/31/2019 |
| 1,966 |
| 125 |
| 0.00 |
|
| 14.545136 |
| 30.14 |
| 1.65 |
|
| 16.297642 |
| 30.33 |
| 1.50 |
| |
JNL/Causeway International Value Select Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 407 |
| 27 |
| 1.46 |
|
| 14.668695 |
| 26.26 |
| 1.65 |
|
| 15.459804 |
| 26.44 |
| 1.50 |
| |
12/31/2022 |
| 400 |
| 34 |
| 1.33 |
|
| 11.618272 |
| (8.57 | ) | 1.65 |
|
| 12.226549 |
| (8.43 | ) | 1.50 |
| |
12/31/2021 |
| 472 |
| 36 |
| 1.27 |
|
| 12.706721 |
| 6.72 |
| 1.65 |
|
| 13.351986 |
| 6.88 |
| 1.50 |
| |
12/31/2020 |
| 513 |
| 42 |
| 4.63 |
|
| 11.906401 |
| 4.16 |
| 1.65 |
|
| 12.492270 |
| 4.32 |
| 1.50 |
| |
12/31/2019 |
| 504 |
| 43 |
| 2.92 |
|
| 11.430740 |
| 17.03 |
| 1.65 |
|
| 11.975214 |
| 17.20 |
| 1.50 |
| |
JNL/ClearBridge Large Cap Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 81 |
| 4 |
| 0.00 |
|
| 19.838979 |
| 42.19 |
| 1.65 |
|
| 20.026071 |
| 42.41 |
| 1.50 |
| |
12/31/2022 |
| 12 |
| 1 |
| 0.00 |
|
| 13.952672 |
| (33.61 | ) | 1.65 |
|
| 14.062382 |
| (33.50 | ) | 1.50 |
| |
12/31/2021 |
| 15 |
| 1 |
| 0.00 |
|
| 21.015274 |
| 19.19 |
| 1.65 |
|
| 21.147957 |
| 19.37 |
| 1.50 |
| |
12/31/2020 |
| 36 |
| 2 |
| 0.00 |
|
| 17.631998 |
| 28.37 |
| 1.65 |
|
| 17.715890 |
| 28.56 |
| 1.50 |
| |
12/31/2019 |
| 92 |
| 7 |
| 0.00 |
|
| 13.735405 |
| 29.50 |
| 1.65 |
|
| 13.780057 |
| 29.70 |
| 1.50 |
| |
+ | The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/AQR Large Cap Defensive Style Fund - Class A - June 24, 2019. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
56
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/DFA International Core Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 28 |
| 2 |
| 2.00 |
|
| 12.159146 |
| 13.70 |
| 1.65 |
|
| 12.241768 |
| 13.87 | ‡ | 1.50 |
| |
12/31/2022 |
| 48 |
| 4 |
| 5.86 |
|
| 10.693698 |
| (13.48 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 12.360166 |
| 9.51 |
| 1.65 |
|
| 12.406983 |
| 9.68 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 11.286636 |
| 5.21 |
| 1.65 |
|
| 11.312407 |
| 5.37 |
| 1.50 |
| |
12/31/2019+ |
| — |
| — |
| 0.00 |
|
| 10.727462 |
| 7.27 | ‡ | 1.65 |
|
| 10.735839 |
| 7.36 | ‡ | 1.50 |
| |
JNL/DFA U.S. Core Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,136 |
| 33 |
| 0.00 |
|
| 34.059527 |
| 20.28 |
| 1.65 |
|
| 35.079222 |
| 20.46 |
| 1.50 |
| |
12/31/2022 |
| 1,046 |
| 36 |
| 0.00 |
|
| 28.317537 |
| (16.98 | ) | 1.65 |
|
| 29.121722 |
| (16.85 | ) | 1.50 |
| |
12/31/2021 |
| 1,453 |
| 42 |
| 0.00 |
|
| 34.108667 |
| 24.80 |
| 1.65 |
|
| 35.024870 |
| 24.99 |
| 1.50 |
| |
12/31/2020 |
| 1,360 |
| 49 |
| 0.00 |
|
| 27.330006 |
| 13.96 |
| 1.65 |
|
| 28.022048 |
| 14.13 |
| 1.50 |
| |
12/31/2019 |
| 1,390 |
| 57 |
| 0.00 |
|
| 23.982893 |
| 27.43 |
| 1.65 |
|
| 24.553326 |
| 27.62 |
| 1.50 |
| |
JNL/DFA U.S. Small Cap Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| 24.858341 |
| 14.81 |
| 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 76 |
| 4 |
| 0.00 |
|
| 21.651630 |
| (15.15 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 25.518905 |
| 25.37 |
| 1.65 |
|
| 25.877404 |
| 25.56 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 20.354641 |
| 11.33 |
| 1.65 |
|
| 20.609658 |
| 11.50 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 18.283475 |
| 19.37 |
| 1.65 |
|
| 18.484814 |
| 19.55 |
| 1.50 |
| |
JNL/DoubleLine Core Fixed Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,952 |
| 104 |
| 0.00 |
|
| 18.174816 |
| 4.29 |
| 1.65 |
|
| 18.974649 |
| 4.45 |
| 1.50 |
| |
12/31/2022 |
| 2,023 |
| 112 |
| 0.00 |
|
| 17.426394 |
| (14.70 | ) | 1.65 |
|
| 18.166099 |
| (14.57 | ) | 1.50 |
| |
12/31/2021 |
| 2,582 |
| 122 |
| 0.00 |
|
| 20.428430 |
| (2.06 | ) | 1.65 |
|
| 21.263744 |
| (1.92 | ) | 1.50 |
| |
12/31/2020 |
| 2,570 |
| 119 |
| 0.00 |
|
| 20.858730 |
| 3.37 |
| 1.65 |
|
| 21.679095 |
| 3.52 |
| 1.50 |
| |
12/31/2019 |
| 2,685 |
| 129 |
| 2.63 |
|
| 20.179186 |
| 6.05 |
| 1.65 |
|
| 20.941382 |
| 6.21 |
| 1.50 |
| |
JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 9 |
| 1 |
| 0.00 |
|
| 10.351863 |
| 7.60 |
| 1.65 |
|
| 10.473935 |
| 7.76 |
| 1.50 |
| |
12/31/2022 |
| 8 |
| 1 |
| 0.00 |
|
| 9.620614 |
| (16.44 | ) | 1.65 |
|
| 9.719434 |
| (16.31 | ) | 1.50 |
| |
12/31/2021 |
| 12 |
| 1 |
| 0.00 |
|
| 11.513338 |
| (0.91 | ) | 1.65 |
|
| 11.614187 |
| (0.76 | ) | 1.50 |
| |
12/31/2020 |
| 14 |
| 1 |
| 0.00 |
|
| 11.618911 |
| 1.33 |
| 1.65 |
|
| 11.703382 |
| 1.51 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.466194 |
| 9.56 |
| 1.65 |
|
| 11.529698 |
| 9.72 |
| 1.50 |
| |
JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 25 |
| 1 |
| 0.00 |
|
| 24.849511 |
| 25.47 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 15 |
| 1 |
| 0.00 |
|
| 19.591216 |
| (24.95 | ) | 1.65 |
|
| 19.804882 |
| (24.84 | ) | 1.50 |
| |
12/31/2021 |
| 24 |
| 1 |
| 0.00 |
|
| 26.102919 |
| 21.98 |
| 1.65 |
|
| 26.348834 |
| 22.16 |
| 1.50 |
| |
12/31/2020 |
| 22 |
| 1 |
| 0.00 |
|
| 21.399198 |
| 13.30 |
| 1.65 |
|
| 21.569132 |
| 13.47 |
| 1.50 |
| |
12/31/2019 |
| 19 |
| 1 |
| 0.00 |
|
| 18.886412 |
| 31.46 |
| 1.65 |
|
| 19.009468 |
| 31.67 |
| 1.50 |
| |
JNL/DoubleLine Total Return Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 41 |
| 4 |
| 0.00 |
|
| 10.082556 |
| 3.37 |
| 1.65 |
|
| 10.207538 |
| 3.55 |
| 1.50 |
| |
12/31/2022 |
| 38 |
| 4 |
| 0.00 |
|
| 9.753416 |
| (14.44 | ) | 1.65 |
|
| 9.857813 |
| (14.30 | ) | 1.50 |
| |
12/31/2021 |
| 47 |
| 4 |
| 0.00 |
|
| 11.399601 |
| (2.06 | ) | 1.65 |
|
| 11.503284 |
| (1.95 | ) | 1.50 |
| |
12/31/2020 |
| 46 |
| 4 |
| 0.00 |
|
| 11.639569 |
| 0.98 |
| 1.65 |
|
| 11.731938 |
| 1.13 |
| 1.50 |
| |
12/31/2019 |
| 81 |
| 7 |
| 0.00 |
|
| 11.526400 |
| 3.89 |
| 1.65 |
|
| 11.600387 |
| 4.05 |
| 1.50 |
| |
+ | The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/DFA International Core Equity Fund - Class A - June 24, 2019. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
57
Jackson National Separate Account V |
|
|
|
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|
|
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|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 585 |
| 31 |
| 0.00 |
|
| 18.223478 |
| 5.05 |
| 1.65 |
|
| 19.089840 |
| 5.21 |
| 1.50 |
| |
12/31/2022 |
| 562 |
| 31 |
| 0.00 |
|
| 17.346631 |
| (14.95 | ) | 1.65 |
|
| 18.144145 |
| (14.82 | ) | 1.50 |
| |
12/31/2021 |
| 721 |
| 34 |
| 0.00 |
|
| 20.394742 |
| (2.32 | ) | 1.65 |
|
| 21.300512 |
| (2.17 | ) | 1.50 |
| |
12/31/2020 |
| 708 |
| 33 |
| 0.00 |
|
| 20.878367 |
| 6.64 |
| 1.65 |
|
| 21.772941 |
| 6.80 |
| 1.50 |
| |
12/31/2019 |
| 709 |
| 35 |
| 1.75 |
|
| 19.579179 |
| 7.44 |
| 1.65 |
|
| 20.387485 |
| 7.60 |
| 1.50 |
| |
JNL/First Sentier Global Infrastructure Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 14 |
| 1 |
| 0.00 |
|
| 17.164076 |
| 1.13 |
| 1.65 |
|
| 17.477935 |
| 1.28 |
| 1.50 |
| |
12/31/2022 |
| 13 |
| 1 |
| 0.00 |
|
| 16.972676 |
| (5.58 | ) | 1.65 |
|
| 17.256825 |
| (5.44 | ) | 1.50 |
| |
12/31/2021 |
| 17 |
| 1 |
| 0.00 |
|
| 17.975841 |
| 11.10 |
| 1.65 |
|
| 18.249210 |
| 11.27 |
| 1.50 |
| |
12/31/2020 |
| 19 |
| 1 |
| 0.00 |
|
| 16.179230 |
| (5.26 | ) | 1.65 |
|
| 16.401308 |
| (5.12 | ) | 1.50 |
| |
12/31/2019 |
| 28 |
| 2 |
| 0.00 |
|
| 17.077002 |
| 24.84 |
| 1.65 |
|
| 17.285646 |
| 25.03 |
| 1.50 |
| |
JNL/Franklin Templeton Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,096 |
| 59 |
| 0.00 |
|
| 18.377622 |
| 6.42 |
| 1.65 |
|
| 18.871111 |
| 6.58 |
| 1.50 |
| |
12/31/2022 |
| 1,081 |
| 62 |
| 0.00 |
|
| 17.269057 |
| (5.98 | ) | 1.65 |
|
| 17.706274 |
| (5.84 | ) | 1.50 |
| |
12/31/2021 |
| 1,108 |
| 60 |
| 0.00 |
|
| 18.367755 |
| 12.88 |
| 1.65 |
|
| 18.804634 |
| 13.05 |
| 1.50 |
| |
12/31/2020 |
| 1,041 |
| 63 |
| 0.00 |
|
| 16.272487 |
| (0.78 | ) | 1.65 |
|
| 16.634551 |
| (0.64 | ) | 1.50 |
| |
12/31/2019 |
| 1,060 |
| 64 |
| 0.00 |
|
| 16.401166 |
| 14.19 |
| 1.65 |
|
| 16.740956 |
| 14.36 |
| 1.50 |
| |
JNL/Goldman Sachs 4 Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 152 |
| 4 |
| 0.00 |
|
| 34.740275 |
| 12.55 |
| 1.65 |
|
| 36.655104 |
| 12.72 |
| 1.50 |
| |
12/31/2022 |
| 185 |
| 6 |
| 0.00 |
|
| 30.866267 |
| (12.38 | ) | 1.65 |
|
| 32.518845 |
| (12.25 | ) | 1.50 |
| |
12/31/2021 |
| 386 |
| 11 |
| 0.00 |
|
| 35.226524 |
| 33.26 |
| 1.65 |
|
| 37.057140 |
| 33.46 |
| 1.50 |
| |
12/31/2020 |
| 307 |
| 11 |
| 0.00 |
|
| 26.433853 |
| 2.80 |
| 1.65 |
|
| 27.765866 |
| 2.96 |
| 1.50 |
| |
12/31/2019 |
| 364 |
| 14 |
| 0.00 |
|
| 25.712708 |
| 22.99 |
| 1.65 |
|
| 26.967880 |
| 23.18 |
| 1.50 |
| |
JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,617 |
| 51 |
| 0.00 |
|
| 31.356281 |
| 20.20 |
| 1.65 |
|
| 32.294944 |
| 20.38 |
| 1.50 |
| |
12/31/2022 |
| 1,672 |
| 63 |
| 0.00 |
|
| 26.087443 |
| (23.42 | ) | 1.65 |
|
| 26.828207 |
| (23.31 | ) | 1.50 |
| |
12/31/2021 |
| 2,519 |
| 73 |
| 0.00 |
|
| 34.066987 |
| 14.42 |
| 1.65 |
|
| 34.981971 |
| 14.59 |
| 1.50 |
| |
12/31/2020 |
| 2,318 |
| 77 |
| 0.00 |
|
| 29.773722 |
| 18.13 |
| 1.65 |
|
| 30.527568 |
| 18.31 |
| 1.50 |
| |
12/31/2019 |
| 2,262 |
| 89 |
| 0.00 |
|
| 25.203445 |
| 24.71 |
| 1.65 |
|
| 25.802833 |
| 24.90 |
| 1.50 |
| |
JNL/Goldman Sachs Managed Conservative Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 37 |
| 3 |
| 0.00 |
|
| 14.184556 |
| 6.78 |
| 1.65 |
|
| 14.598978 |
| 6.95 |
| 1.50 |
| |
12/31/2022 |
| 23 |
| 2 |
| 0.00 |
|
| 13.283717 |
| (16.00 | ) | 1.65 |
|
| 13.650656 |
| (15.88 | ) | 1.50 |
| |
12/31/2021 |
| 36 |
| 2 |
| 0.00 |
|
| 15.814221 |
| 2.03 |
| 1.65 |
|
| 16.226839 |
| 2.18 |
| 1.50 |
| |
12/31/2020 |
| 40 |
| 3 |
| 0.00 |
|
| 15.499880 |
| 7.01 |
| 1.65 |
|
| 15.880610 |
| 7.17 |
| 1.50 |
| |
12/31/2019 |
| 51 |
| 3 |
| 0.00 |
|
| 14.484438 |
| 9.24 |
| 1.65 |
|
| 14.817893 |
| 9.41 |
| 1.50 |
| |
JNL/Goldman Sachs Managed Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 3,476 |
| 119 |
| 0.00 |
|
| 28.677070 |
| 18.08 |
| 1.65 |
|
| 29.535560 |
| 18.26 |
| 1.50 |
| |
12/31/2022 |
| 3,230 |
| 130 |
| 0.00 |
|
| 24.285489 |
| (22.43 | ) | 1.65 |
|
| 24.975130 |
| (22.31 | ) | 1.50 |
| |
12/31/2021 |
| 4,371 |
| 137 |
| 0.00 |
|
| 31.306797 |
| 12.59 |
| 1.65 |
|
| 32.147690 |
| 12.76 |
| 1.50 |
| |
12/31/2020 |
| 4,217 |
| 149 |
| 0.00 |
|
| 27.805424 |
| 16.77 |
| 1.65 |
|
| 28.509467 |
| 16.95 |
| 1.50 |
| |
12/31/2019 |
| 4,265 |
| 176 |
| 0.00 |
|
| 23.812031 |
| 22.37 |
| 1.65 |
|
| 24.378371 |
| 22.56 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
58
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Goldman Sachs Managed Moderate Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 268 |
| 15 |
| 0.00 |
|
| 18.091829 |
| 10.31 |
| 1.65 |
|
| 18.595309 |
| 10.47 |
| 1.50 |
| |
12/31/2022 |
| 345 |
| 21 |
| 0.00 |
|
| 16.401612 |
| (17.87 | ) | 1.65 |
|
| 16.832861 |
| (17.75 | ) | 1.50 |
| |
12/31/2021 |
| 456 |
| 23 |
| 0.00 |
|
| 19.971507 |
| 5.01 |
| 1.65 |
|
| 20.465993 |
| 5.17 |
| 1.50 |
| |
12/31/2020 |
| 496 |
| 26 |
| 0.00 |
|
| 19.018097 |
| 10.49 |
| 1.65 |
|
| 19.459745 |
| 10.65 |
| 1.50 |
| |
12/31/2019 |
| 461 |
| 27 |
| 0.00 |
|
| 17.213034 |
| 13.01 |
| 1.65 |
|
| 17.586369 |
| 13.18 |
| 1.50 |
| |
JNL/Goldman Sachs Managed Moderate Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 4,274 |
| 178 |
| 0.00 |
|
| 23.506939 |
| 14.16 |
| 1.65 |
|
| 24.210633 |
| 14.33 |
| 1.50 |
| |
12/31/2022 |
| 4,016 |
| 191 |
| 0.00 |
|
| 20.591527 |
| (20.27 | ) | 1.65 |
|
| 21.176242 |
| (20.15 | ) | 1.50 |
| |
12/31/2021 |
| 5,937 |
| 226 |
| 0.00 |
|
| 25.826373 |
| 9.04 |
| 1.65 |
|
| 26.520045 |
| 9.20 |
| 1.50 |
| |
12/31/2020 |
| 5,818 |
| 241 |
| 0.00 |
|
| 23.686182 |
| 13.61 |
| 1.65 |
|
| 24.285921 |
| 13.78 |
| 1.50 |
| |
12/31/2019 |
| 5,167 |
| 244 |
| 0.00 |
|
| 20.848561 |
| 17.18 |
| 1.65 |
|
| 21.344413 |
| 17.35 |
| 1.50 |
| |
JNL/GQG Emerging Markets Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 12 |
| 1 |
| 0.00 |
|
| 12.789486 |
| 26.85 |
| 1.65 |
|
| 12.908957 |
| 27.04 |
| 1.50 |
| |
12/31/2022 |
| 8 |
| 1 |
| 0.00 |
|
| 10.082564 |
| (23.17 | ) | 1.65 |
|
| 10.161725 |
| (23.06 | ) | 1.50 |
| |
12/31/2021 |
| 8 |
| 1 |
| 0.00 |
|
| 13.122613 |
| (3.90 | ) | 1.65 |
|
| 13.206818 |
| (3.75 | ) | 1.50 |
| |
12/31/2020 |
| 7 |
| 1 |
| 0.00 |
|
| 13.654944 |
| 30.94 |
| 1.65 |
|
| 13.721978 |
| 31.13 |
| 1.50 |
| |
12/31/2019 |
| 6 |
| 1 |
| 0.00 |
|
| 10.428519 |
| 19.11 |
| 1.65 |
|
| 10.464011 |
| 19.29 |
| 1.50 |
| |
JNL/Harris Oakmark Global Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 17 |
| 1 |
| 1.41 |
|
| 12.651276 |
| 18.03 |
| 1.65 |
|
| 12.944433 |
| 18.21 |
| 1.50 |
| |
12/31/2022 |
| 15 |
| 1 |
| 0.45 |
|
| 10.718342 |
| (17.36 | ) | 1.65 |
|
| 10.950081 |
| (17.24 | ) | 1.50 |
| |
12/31/2021 |
| 18 |
| 1 |
| 0.78 |
|
| 12.970504 |
| 15.92 |
| 1.65 |
|
| 13.230930 |
| 16.10 |
| 1.50 |
| |
12/31/2020 |
| 26 |
| 2 |
| 3.58 |
|
| 11.188746 |
| 9.43 |
| 1.65 |
|
| 11.396313 |
| 9.59 |
| 1.50 |
| |
12/31/2019 |
| 22 |
| 2 |
| 1.63 |
|
| 10.224572 |
| 25.55 |
| 1.65 |
|
| 10.398714 |
| 25.74 |
| 1.50 |
| |
JNL/Heitman U.S. Focused Real Estate Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 15.369297 |
| 41.78 |
| 1.65 |
|
| 15.447510 |
| 41.99 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 10.840625 |
| (5.71 | ) | 1.65 |
|
| 10.879457 |
| (5.57 | ) | 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.496761 |
| 23.21 |
| 1.65 |
|
| 11.520652 |
| 23.40 |
| 1.50 |
| |
JNL/Invesco Diversified Dividend Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| 13.591126 |
| 6.77 |
| 1.65 |
|
| 13.719324 |
| 6.93 |
| 1.50 |
| |
12/31/2022 |
| 656 |
| 51 |
| 0.00 |
|
| 12.729839 |
| (3.57 | ) | 1.65 |
|
| 12.830685 |
| (3.42 | ) | 1.50 |
| |
12/31/2021 |
| 11 |
| 1 |
| 0.00 |
|
| 13.200448 |
| 16.71 |
| 1.65 |
|
| 13.285125 |
| 16.89 |
| 1.50 |
| |
12/31/2020 |
| 10 |
| 1 |
| 0.00 |
|
| 11.310296 |
| (1.04 | ) | 1.65 |
|
| 11.365852 |
| (0.89 | ) | 1.50 |
| |
12/31/2019 |
| 10 |
| 1 |
| 2.20 |
|
| 11.429039 |
| 21.82 |
| 1.65 |
|
| 11.467882 |
| 22.00 |
| 1.50 |
| |
JNL/Invesco Global Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,334 |
| 38 |
| 0.00 |
|
| 34.110105 |
| 32.32 |
| 1.65 |
|
| 36.171781 |
| 32.52 |
| 1.50 |
| |
12/31/2022 |
| 1,133 |
| 42 |
| 0.00 |
|
| 25.777727 |
| (33.30 | ) | 1.65 |
|
| 27.294918 |
| (33.20 | ) | 1.50 |
| |
12/31/2021 |
| 1,971 |
| 49 |
| 0.00 |
|
| 38.647073 |
| 13.48 |
| 1.65 |
|
| 40.860541 |
| 13.65 |
| 1.50 |
| |
12/31/2020 |
| 1,859 |
| 53 |
| 0.00 |
|
| 34.055153 |
| 26.07 |
| 1.65 |
|
| 35.951663 |
| 26.26 |
| 1.50 |
| |
12/31/2019 |
| 1,691 |
| 61 |
| 0.60 |
|
| 27.012715 |
| 29.13 |
| 1.65 |
|
| 28.474298 |
| 29.33 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
59
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Invesco Small Cap Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 66 |
| 2 |
| 0.00 |
|
| 36.888817 |
| 10.26 |
| 1.65 |
|
| 37.993532 |
| 10.42 |
| 1.50 |
| |
12/31/2022 |
| 137 |
| 4 |
| 0.00 |
|
| 33.457674 |
| (36.34 | ) | 1.65 |
|
| 34.408349 |
| (36.24 | ) | 1.50 |
| |
12/31/2021 |
| 392 |
| 7 |
| 0.00 |
|
| 52.554611 |
| 5.51 |
| 1.65 |
|
| 53.967054 |
| 5.67 |
| 1.50 |
| |
12/31/2020 |
| 342 |
| 7 |
| 0.00 |
|
| 49.808480 |
| 53.95 |
| 1.65 |
|
| 51.070455 |
| 54.18 |
| 1.50 |
| |
12/31/2019 |
| 204 |
| 6 |
| 0.00 |
|
| 32.354218 |
| 22.37 |
| 1.65 |
|
| 33.124207 |
| 22.56 |
| 1.50 |
| |
JNL/JPMorgan Global Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 534 |
| 43 |
| 0.00 |
|
| 12.366383 |
| 10.78 |
| 1.65 |
|
| 12.547139 |
| 10.95 |
| 1.50 |
| |
12/31/2022 |
| 456 |
| 40 |
| 0.00 |
|
| 11.162519 |
| (20.37 | ) | 1.65 |
|
| 11.308749 |
| (20.25 | ) | 1.50 |
| |
12/31/2021 |
| 566 |
| 40 |
| 0.00 |
|
| 14.017227 |
| 7.11 |
| 1.65 |
|
| 14.179617 |
| 7.27 |
| 1.50 |
| |
12/31/2020 |
| 574 |
| 43 |
| 0.00 |
|
| 13.087322 |
| 9.87 |
| 1.65 |
|
| 13.219107 |
| 10.04 |
| 1.50 |
| |
12/31/2019+ |
| — |
| — |
| 0.00 |
|
| 11.911174 |
| 4.72 | ‡ | 1.65 |
|
| 12.013087 |
| 4.81 | ‡ | 1.50 |
| |
JNL/JPMorgan Hedged Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 93 |
| 7 |
| 0.00 |
|
| 13.578555 |
| 13.80 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 63 |
| 5 |
| 0.33 |
|
| 11.931865 |
| (9.52 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 73 |
| 6 |
| 0.63 |
|
| 13.120859 |
| 10.01 |
| 1.65 |
|
| 13.187637 |
| 10.18 |
| 1.50 |
| |
12/31/2020 |
| 59 |
| 5 |
| 0.63 |
|
| 11.926536 |
| 12.44 |
| 1.65 |
|
| 11.969263 |
| 12.61 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 10.606679 |
| 11.15 |
| 1.65 |
|
| 10.628730 |
| 11.31 |
| 1.50 |
| |
JNL/JPMorgan MidCap Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 762 |
| 15 |
| 0.00 |
|
| 49.221665 |
| 21.20 |
| 1.65 |
|
| 50.698850 |
| 21.38 |
| 1.50 |
| |
12/31/2022 |
| 828 |
| 20 |
| 0.00 |
|
| 40.612599 |
| (28.27 | ) | 1.65 |
|
| 41.768885 |
| (28.16 | ) | 1.50 |
| |
12/31/2021 |
| 1,171 |
| 20 |
| 0.00 |
|
| 56.617806 |
| 9.21 |
| 1.65 |
|
| 58.142735 |
| 9.38 |
| 1.50 |
| |
12/31/2020 |
| 1,136 |
| 22 |
| 0.00 |
|
| 51.841934 |
| 45.55 |
| 1.65 |
|
| 53.158419 |
| 45.77 |
| 1.50 |
| |
12/31/2019 |
| 792 |
| 22 |
| 0.00 |
|
| 35.618540 |
| 37.63 |
| 1.65 |
|
| 36.468320 |
| 37.83 |
| 1.50 |
| |
JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 123 |
| 10 |
| 0.00 |
|
| 12.541597 |
| 2.46 |
| 1.65 |
|
| 12.917073 |
| 2.61 |
| 1.50 |
| |
12/31/2022 |
| 94 |
| 8 |
| 0.00 |
|
| 12.240477 |
| (13.10 | ) | 1.65 |
|
| 12.588097 |
| (12.97 | ) | 1.50 |
| |
12/31/2021 |
| 136 |
| 9 |
| 0.00 |
|
| 14.086090 |
| (3.75 | ) | 1.65 |
|
| 14.464486 |
| (3.60 | ) | 1.50 |
| |
12/31/2020 |
| 151 |
| 10 |
| 0.00 |
|
| 14.634220 |
| 5.20 |
| 1.65 |
|
| 15.004761 |
| 5.36 |
| 1.50 |
| |
12/31/2019 |
| 177 |
| 12 |
| 0.00 |
|
| 13.910510 |
| 4.71 |
| 1.65 |
|
| 14.241385 |
| 4.87 |
| 1.50 |
| |
JNL/JPMorgan U.S. Value Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 363 |
| 20 |
| 0.00 |
|
| 17.858003 |
| 7.23 |
| 1.65 |
|
| 18.317857 |
| 7.39 |
| 1.50 |
| |
12/31/2022 |
| 346 |
| 21 |
| 0.00 |
|
| 16.654574 |
| (4.54 | ) | 1.65 |
|
| 17.057928 |
| (4.40 | ) | 1.50 |
| |
12/31/2021 |
| 328 |
| 19 |
| 0.00 |
|
| 17.446728 |
| 25.28 |
| 1.65 |
|
| 17.842564 |
| 25.47 |
| 1.50 |
| |
12/31/2020 |
| 352 |
| 25 |
| 0.00 |
|
| 13.926218 |
| (5.36 | ) | 1.65 |
|
| 14.220858 |
| (5.22 | ) | 1.50 |
| |
12/31/2019 |
| 362 |
| 25 |
| 0.00 |
|
| 14.714742 |
| 20.96 |
| 1.65 |
|
| 15.003561 |
| 21.14 |
| 1.50 |
| |
JNL/Lazard International Strategic Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 6 |
| 0 |
| 1.22 |
|
| 15.753424 |
| 14.78 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 5 |
| 0 |
| 2.46 |
|
| 13.724922 |
| (18.32 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 7 |
| 0 |
| 1.24 |
|
| 16.585747 |
| 4.68 |
| 1.65 |
|
| 16.802847 |
| 4.83 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 15.844706 |
| 11.18 |
| 1.65 |
|
| 16.028041 |
| 11.35 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 14.251521 |
| 19.92 |
| 1.65 |
|
| 14.394824 |
| 20.10 |
| 1.50 |
| |
+ | The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/JPMorgan Global Allocation Fund - Class A - June 24, 2019. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
60
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Loomis Sayles Global Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 134 |
| 9 |
| 0.06 |
|
| 15.153913 |
| 34.19 |
| 1.65 |
|
| 15.276717 |
| 34.39 |
| 1.50 |
| |
12/31/2022 |
| 53 |
| 5 |
| 0.00 |
|
| 11.293182 |
| (27.45 | ) | 1.65 |
|
| 11.367722 |
| (27.34 | ) | 1.50 |
| |
12/31/2021 |
| 65 |
| 4 |
| 0.00 |
|
| 15.566895 |
| 3.88 |
| 1.65 |
|
| 15.646110 |
| 4.04 |
| 1.50 |
| |
12/31/2020+ |
| 64 |
| 4 |
| 0.31 |
|
| 14.985028 |
| 44.75 | ‡ | 1.65 |
|
| 15.038691 |
| 44.89 | ‡ | 1.50 |
| |
JNL/Lord Abbett Short Duration Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 191 |
| 19 |
| 5.46 |
|
| 9.884645 |
| 3.66 |
| 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 10.198034 |
| (1.31 | ) | 1.65 |
|
| 10.223726 |
| (1.17 | ) | 1.50 |
| |
12/31/2020+ |
| — |
| — |
| 0.00 |
|
| 10.333806 |
| 3.34 | ‡ | 1.65 |
|
| 10.344320 |
| 3.44 | ‡ | 1.50 |
| |
JNL/Mellon Bond Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 239 |
| 20 |
| 0.00 |
|
| 11.941431 |
| 3.23 |
| 1.65 |
|
| 12.298851 |
| 3.39 |
| 1.50 |
| |
12/31/2022 |
| 228 |
| 20 |
| 0.00 |
|
| 11.567529 |
| (14.95 | ) | 1.65 |
|
| 11.895942 |
| (14.82 | ) | 1.50 |
| |
12/31/2021 |
| 219 |
| 16 |
| 0.00 |
|
| 13.600900 |
| (3.77 | ) | 1.65 |
|
| 13.966149 |
| (3.63 | ) | 1.50 |
| |
12/31/2020 |
| 220 |
| 15 |
| 0.00 |
|
| 14.133711 |
| 5.30 |
| 1.65 |
|
| 14.491539 |
| 5.45 |
| 1.50 |
| |
12/31/2019 |
| 196 |
| 14 |
| 2.27 |
|
| 13.422802 |
| 6.16 |
| 1.65 |
|
| 13.741989 |
| 6.32 |
| 1.50 |
| |
JNL/Mellon Communication Services Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 453 |
| 12 |
| 0.00 |
|
| 33.415409 |
| 51.16 |
| 1.65 |
|
| 37.689669 |
| 51.38 |
| 1.50 |
| |
12/31/2022 |
| 18 |
| 1 |
| 0.00 |
|
| 22.106438 |
| (42.29 | ) | 1.65 |
|
| 24.896791 |
| (42.20 | ) | 1.50 |
| |
12/31/2021 |
| 33 |
| 1 |
| 0.00 |
|
| 38.303254 |
| 13.74 |
| 1.65 |
|
| 43.073982 |
| 13.91 |
| 1.50 |
| |
12/31/2020 |
| 31 |
| 1 |
| 0.00 |
|
| 33.675391 |
| 23.21 |
| 1.65 |
|
| 37.812806 |
| 23.39 |
| 1.50 |
| |
12/31/2019 |
| 52 |
| 2 |
| 0.00 |
|
| 27.331847 |
| 24.33 |
| 1.65 |
|
| 30.644112 |
| 24.52 |
| 1.50 |
| |
JNL/Mellon Consumer Discretionary Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 115 |
| 2 |
| 0.00 |
|
| 53.283390 |
| 36.33 |
| 1.65 |
|
| 53.835135 |
| 36.53 |
| 1.50 |
| |
12/31/2022 |
| 223 |
| 6 |
| 0.00 |
|
| 39.084665 |
| (36.98 | ) | 1.65 |
|
| 39.430265 |
| (36.89 | ) | 1.50 |
| |
12/31/2021 |
| 382 |
| 6 |
| 0.00 |
|
| 62.022128 |
| 20.53 |
| 1.65 |
|
| 62.476987 |
| 20.72 |
| 1.50 |
| |
12/31/2020 |
| 313 |
| 6 |
| 0.00 |
|
| 51.455885 |
| 44.61 |
| 1.65 |
|
| 51.755478 |
| 44.82 |
| 1.50 |
| |
12/31/2019 |
| 179 |
| 5 |
| 0.00 |
|
| 35.583361 |
| 24.80 |
| 1.65 |
|
| 35.736862 |
| 24.99 |
| 1.50 |
| |
JNL/Mellon Consumer Staples Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 24 |
| 2 |
| 0.00 |
|
| 13.879670 |
| (0.01 | ) | 1.65 |
|
| 14.010604 |
| 0.14 | ‡ | 1.50 |
| |
12/31/2022 |
| 25 |
| 2 |
| 0.00 |
|
| 13.880776 |
| (4.78 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 39 |
| 3 |
| 0.00 |
|
| 14.577068 |
| 14.38 |
| 1.65 |
|
| 14.670560 |
| 14.55 |
| 1.50 |
| |
12/31/2020 |
| 25 |
| 2 |
| 0.00 |
|
| 12.744462 |
| 8.62 |
| 1.65 |
|
| 12.806981 |
| 8.78 |
| 1.50 |
| |
12/31/2019 |
| 24 |
| 2 |
| 0.00 |
|
| 11.733098 |
| 24.02 |
| 1.65 |
|
| 11.772982 |
| 24.21 |
| 1.50 |
| |
JNL/Mellon Dow Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 29.855590 |
| 18.19 |
| 1.65 |
|
| 30.879607 |
| 18.37 |
| 1.50 |
| |
12/31/2020+ |
| — |
| — |
| 0.00 |
|
| 25.259692 |
| 26.77 | ‡ | 1.65 |
|
| 26.086909 |
| 26.90 | ‡ | 1.50 |
| |
+ | The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/Loomis Sayles Global Growth Fund - Class A - April 27, 2020; JNL/Lord Abbett Short Duration Income Fund - Class A - April 27, 2020; JNL/Mellon Dow Index Fund - Class A - April 27, 2020. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
61
Jackson National Separate Account V |
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| |||||||
Financial Highlights |
|
|
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|
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|
|
|
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|
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| |||||||
December 31, 2023 |
|
|
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|
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| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Mellon Emerging Markets Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 81 |
| 8 |
| 0.00 |
|
| 10.215284 |
| 7.48 |
| 1.65 |
|
| 10.388043 |
| 7.64 |
| 1.50 |
| |
12/31/2022 |
| 92 |
| 10 |
| 0.00 |
|
| 9.504357 |
| (20.29 | ) | 1.65 |
|
| 9.650660 |
| (20.17 | ) | 1.50 |
| |
12/31/2021 |
| 123 |
| 10 |
| 0.00 |
|
| 11.923593 |
| (5.08 | ) | 1.65 |
|
| 12.088998 |
| (4.94 | ) | 1.50 |
| |
12/31/2020 |
| 191 |
| 15 |
| 3.39 |
|
| 12.562213 |
| 15.19 |
| 1.65 |
|
| 12.717379 |
| 15.36 |
| 1.50 |
| |
12/31/2019 |
| 168 |
| 15 |
| 2.13 |
|
| 10.905945 |
| 15.96 |
| 1.65 |
|
| 11.024114 |
| 16.14 |
| 1.50 |
| |
JNL/Mellon Energy Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 635 |
| 19 |
| 0.00 |
|
| 32.465894 |
| (2.86 | ) | 1.65 |
|
| 33.505421 |
| (2.71 | ) | 1.50 |
| |
12/31/2022 |
| 1,044 |
| 31 |
| 0.00 |
|
| 33.420089 |
| 58.71 |
| 1.65 |
|
| 34.438608 |
| 58.95 |
| 1.50 |
| |
12/31/2021 |
| 269 |
| 13 |
| 0.00 |
|
| 21.056910 |
| 52.16 |
| 1.65 |
|
| 21.666222 |
| 52.39 |
| 1.50 |
| |
12/31/2020 |
| 165 |
| 12 |
| 0.00 |
|
| 13.838827 |
| (34.81 | ) | 1.65 |
|
| 14.217947 |
| (34.72 | ) | 1.50 |
| |
12/31/2019 |
| 212 |
| 10 |
| 0.00 |
|
| 21.229718 |
| 6.87 |
| 1.65 |
|
| 21.778595 |
| 7.03 |
| 1.50 |
| |
JNL/Mellon Financial Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 96 |
| 5 |
| 0.00 |
|
| 18.666689 |
| 13.52 |
| 1.65 |
|
| 20.601476 |
| 13.69 |
| 1.50 |
| |
12/31/2022 |
| 102 |
| 6 |
| 0.00 |
|
| 16.442884 |
| (14.32 | ) | 1.65 |
|
| 18.119984 |
| (14.19 | ) | 1.50 |
| |
12/31/2021 |
| 112 |
| 6 |
| 0.00 |
|
| 19.190209 |
| 27.22 |
| 1.65 |
|
| 21.115785 |
| 27.41 |
| 1.50 |
| |
12/31/2020 |
| 81 |
| 5 |
| 0.00 |
|
| 15.083916 |
| (4.31 | ) | 1.65 |
|
| 16.572625 |
| (4.16 | ) | 1.50 |
| |
12/31/2019 |
| 109 |
| 7 |
| 0.00 |
|
| 15.762841 |
| 28.93 |
| 1.65 |
|
| 17.292602 |
| 29.12 |
| 1.50 |
| |
JNL/Mellon Healthcare Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 213 |
| 5 |
| 0.00 |
|
| 45.617865 |
| (0.08 | ) | 1.65 |
|
| 46.667822 |
| 0.07 |
| 1.50 |
| |
12/31/2022 |
| 220 |
| 5 |
| 0.00 |
|
| 45.653370 |
| (7.29 | ) | 1.65 |
|
| 46.634298 |
| (7.16 | ) | 1.50 |
| |
12/31/2021 |
| 301 |
| 6 |
| 0.00 |
|
| 49.245810 |
| 18.23 |
| 1.65 |
|
| 50.228755 |
| 18.41 |
| 1.50 |
| |
12/31/2020 |
| 249 |
| 6 |
| 0.00 |
|
| 41.652300 |
| 15.60 |
| 1.65 |
|
| 42.420017 |
| 15.77 |
| 1.50 |
| |
12/31/2019 |
| 257 |
| 7 |
| 0.00 |
|
| 36.032550 |
| 19.39 |
| 1.65 |
|
| 36.641638 |
| 19.57 |
| 1.50 |
| |
JNL/Mellon Industrials Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 2 |
| 0 |
| 0.00 |
|
| 16.114532 |
| 18.13 |
| 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 2 |
| 0 |
| 0.00 |
|
| 13.641782 |
| (10.21 | ) | 1.65 |
|
| 13.653650 |
| (10.36 | ) | 1.50 |
| |
12/31/2021 |
| 0 |
| 0 |
| 0.00 |
|
| 15.192151 |
| 18.94 |
| 1.65 |
|
| 15.232363 |
| 18.64 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 12.772848 |
| 11.71 |
| 1.65 |
|
| 12.838618 |
| 11.91 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.434437 |
| 27.88 |
| 1.65 |
|
| 11.472774 |
| 28.07 |
| 1.50 |
| |
JNL/Mellon Information Technology Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 609 |
| 7 |
| 0.00 |
|
| 85.379354 |
| 55.61 |
| 1.65 |
|
| 83.671726 |
| 55.84 |
| 1.50 |
| |
12/31/2022 |
| 194 |
| 4 |
| 0.00 |
|
| 54.867007 |
| (33.10 | ) | 1.65 |
|
| 53.689287 |
| (33.00 | ) | 1.50 |
| |
12/31/2021 |
| 472 |
| 6 |
| 0.00 |
|
| 82.008526 |
| 31.03 |
| 1.65 |
|
| 80.128311 |
| 31.23 |
| 1.50 |
| |
12/31/2020 |
| 366 |
| 6 |
| 0.00 |
|
| 62.588138 |
| 42.75 |
| 1.65 |
|
| 61.061522 |
| 42.96 |
| 1.50 |
| |
12/31/2019 |
| 249 |
| 6 |
| 0.00 |
|
| 43.845484 |
| 45.57 |
| 1.65 |
|
| 42.711933 |
| 45.79 |
| 1.50 |
| |
JNL/Mellon International Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 352 |
| 18 |
| 0.00 |
|
| 19.451040 |
| 15.30 |
| 1.65 |
|
| 20.033271 |
| 15.47 |
| 1.50 |
| |
12/31/2022 |
| 320 |
| 19 |
| 0.23 |
|
| 16.869999 |
| (15.60 | ) | 1.65 |
|
| 17.349012 |
| (15.47 | ) | 1.50 |
| |
12/31/2021 |
| 354 |
| 17 |
| 0.00 |
|
| 19.988337 |
| 8.66 |
| 1.65 |
|
| 20.525148 |
| 8.83 |
| 1.50 |
| |
12/31/2020 |
| 254 |
| 14 |
| 3.45 |
|
| 18.394809 |
| 5.94 |
| 1.65 |
|
| 18.860505 |
| 6.10 |
| 1.50 |
| |
12/31/2019 |
| 254 |
| 14 |
| 2.71 |
|
| 17.364031 |
| 19.22 |
| 1.65 |
|
| 17.776954 |
| 19.40 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
62
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Mellon Materials Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 2 |
| 0 |
| 0.00 |
|
| 14.771987 |
| 12.36 |
| 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 75 |
| 6 |
| 0.00 |
|
| 13.147185 |
| (13.35 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 15.173486 |
| 26.29 |
| 1.65 |
|
| 15.270914 |
| 26.48 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 12.014794 |
| 16.89 |
| 1.65 |
|
| 12.073817 |
| 17.07 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 10.278455 |
| 20.78 |
| 1.65 |
|
| 10.313451 |
| 20.96 |
| 1.50 |
| |
JNL/Mellon Nasdaq® 100 Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 359 |
| 6 |
| 0.00 |
|
| 57.389658 |
| 51.67 |
| 1.65 |
|
| 65.489341 |
| 51.90 |
| 1.50 |
| |
12/31/2022 |
| 281 |
| 7 |
| 0.00 |
|
| 37.838407 |
| (33.90 | ) | 1.65 |
|
| 43.114163 |
| (33.80 | ) | 1.50 |
| |
12/31/2021 |
| 365 |
| 6 |
| 0.00 |
|
| 57.243993 |
| 24.62 |
| 1.65 |
|
| 65.127994 |
| 24.81 |
| 1.50 |
| |
12/31/2020 |
| 296 |
| 6 |
| 0.00 |
|
| 45.934010 |
| 45.54 |
| 1.65 |
|
| 52.182017 |
| 45.76 |
| 1.50 |
| |
12/31/2019 |
| 218 |
| 7 |
| 0.00 |
|
| 31.560494 |
| 36.29 |
| 1.65 |
|
| 35.799655 |
| 36.50 |
| 1.50 |
| |
JNL/Mellon Real Estate Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 10 |
| 1 |
| 0.00 |
|
| 12.162389 |
| 9.32 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 8 |
| 1 |
| 0.00 |
|
| 11.125862 |
| (27.19 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 11 |
| 1 |
| 0.00 |
|
| 15.179625 |
| 36.49 |
| 1.65 |
|
| 15.280057 |
| 36.69 |
| 1.50 |
| |
12/31/2020 |
| 8 |
| 1 |
| 0.00 |
|
| 11.121777 |
| (6.87 | ) | 1.65 |
|
| 11.178735 |
| (6.73 | ) | 1.50 |
| |
12/31/2019 |
| 20 |
| 2 |
| 0.00 |
|
| 11.942397 |
| 25.85 |
| 1.65 |
|
| 11.985657 |
| 26.06 |
| 1.50 |
| |
JNL/Mellon S&P 400 MidCap Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 102 |
| 2 |
| 0.00 |
|
| 41.465521 |
| 13.92 |
| 1.65 |
|
| 42.706883 |
| 14.09 |
| 1.50 |
| |
12/31/2022 |
| 145 |
| 4 |
| 0.00 |
|
| 36.398620 |
| (14.95 | ) | 1.65 |
|
| 37.432225 |
| (14.83 | ) | 1.50 |
| |
12/31/2021 |
| 225 |
| 5 |
| 0.00 |
|
| 42.798653 |
| 22.10 |
| 1.65 |
|
| 43.948124 |
| 22.29 |
| 1.50 |
| |
12/31/2020 |
| 211 |
| 6 |
| 0.00 |
|
| 35.051397 |
| 11.14 |
| 1.65 |
|
| 35.938892 |
| 11.31 |
| 1.50 |
| |
12/31/2019 |
| 198 |
| 6 |
| 0.00 |
|
| 31.537979 |
| 23.53 |
| 1.65 |
|
| 32.288038 |
| 23.71 |
| 1.50 |
| |
JNL/Mellon S&P 500 Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 2,804 |
| 67 |
| 0.00 |
|
| 41.172844 |
| 23.62 |
| 1.65 |
|
| 42.405238 |
| 23.81 |
| 1.50 |
| |
12/31/2022 |
| 3,005 |
| 89 |
| 0.00 |
|
| 33.305461 |
| (19.86 | ) | 1.65 |
|
| 34.251098 |
| (19.74 | ) | 1.50 |
| |
12/31/2021 |
| 3,540 |
| 84 |
| 0.00 |
|
| 41.559282 |
| 25.99 |
| 1.65 |
|
| 42.675362 |
| 26.18 |
| 1.50 |
| |
12/31/2020 |
| 2,993 |
| 90 |
| 0.00 |
|
| 32.985206 |
| 15.86 |
| 1.65 |
|
| 33.820253 |
| 16.03 |
| 1.50 |
| |
12/31/2019 |
| 2,829 |
| 98 |
| 1.43 |
|
| 28.470925 |
| 28.69 |
| 1.65 |
|
| 29.147928 |
| 28.89 |
| 1.50 |
| |
JNL/Mellon Small Cap Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,498 |
| 43 |
| 0.00 |
|
| 34.519967 |
| 13.68 |
| 1.65 |
|
| 35.553537 |
| 13.85 |
| 1.50 |
| |
12/31/2022 |
| 1,339 |
| 43 |
| 0.00 |
|
| 30.365608 |
| (18.00 | ) | 1.65 |
|
| 31.228035 |
| (17.88 | ) | 1.50 |
| |
12/31/2021 |
| 1,281 |
| 34 |
| 0.00 |
|
| 37.032446 |
| 24.06 |
| 1.65 |
|
| 38.027284 |
| 24.24 |
| 1.50 |
| |
12/31/2020 |
| 1,136 |
| 38 |
| 0.00 |
|
| 29.851117 |
| 9.00 |
| 1.65 |
|
| 30.607101 |
| 9.16 |
| 1.50 |
| |
12/31/2019 |
| 1,111 |
| 40 |
| 0.00 |
|
| 27.387339 |
| 20.23 |
| 1.65 |
|
| 28.038829 |
| 20.41 |
| 1.50 |
| |
JNL/Mellon U.S. Stock Market Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 860 |
| 48 |
| 0.00 |
|
| 17.974015 |
| 23.77 |
| 1.65 |
|
| 18.143622 |
| 23.95 |
| 1.50 |
| |
12/31/2022 |
| 773 |
| 53 |
| 0.00 |
|
| 14.522428 |
| (21.23 | ) | 1.65 |
|
| 14.637561 |
| (21.11 | ) | 1.50 |
| |
12/31/2021 |
| 1,096 |
| 59 |
| 0.00 |
|
| 18.435581 |
| 23.30 |
| 1.65 |
|
| 18.553953 |
| 23.48 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 14.952184 |
| 18.22 |
| 1.65 |
|
| 15.025600 |
| 18.39 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 12.648192 |
| 28.00 |
| 1.65 |
|
| 12.691246 |
| 28.19 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
63
Jackson National Separate Account V |
|
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|
|
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|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
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|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
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|
|
|
|
|
|
|
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| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/Mellon Utilities Sector Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 20 |
| 1 |
| 0.00 |
|
| 17.363965 |
| (9.22 | ) | 1.65 |
|
| 17.643941 |
| (9.08 | ) | 1.50 |
| |
12/31/2022 |
| 41 |
| 2 |
| 0.00 |
|
| 19.126495 |
| (0.84 | ) | 1.65 |
|
| 19.405790 |
| (0.69 | ) | 1.50 |
| |
12/31/2021 |
| 23 |
| 1 |
| 0.00 |
|
| 19.288788 |
| 14.86 |
| 1.65 |
|
| 19.541183 |
| 15.03 |
| 1.50 |
| |
12/31/2020 |
| 21 |
| 1 |
| 0.00 |
|
| 16.793283 |
| (2.67 | ) | 1.65 |
|
| 16.987533 |
| (2.53 | ) | 1.50 |
| |
12/31/2019 |
| 30 |
| 2 |
| 1.18 |
|
| 17.254255 |
| 22.17 |
| 1.65 |
|
| 17.427716 |
| 22.35 |
| 1.50 |
| |
JNL/Mellon World Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 54 |
| 2 |
| 0.00 |
|
| 32.466616 |
| 21.51 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 22 |
| 1 |
| 0.00 |
|
| 26.719325 |
| (19.26 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 27 |
| 1 |
| 1.22 |
|
| 31.994930 |
| 19.19 |
| 1.65 |
|
| 33.094440 |
| 19.37 |
| 1.50 |
| |
12/31/2020 |
| 24 |
| 1 |
| 2.08 |
|
| 26.843464 |
| 13.72 |
| 1.65 |
|
| 27.724233 |
| 13.89 |
| 1.50 |
| |
12/31/2019 |
| 21 |
| 1 |
| 1.85 |
|
| 23.604582 |
| 25.18 |
| 1.65 |
|
| 24.342536 |
| 25.37 |
| 1.50 |
| |
JNL/MFS Mid Cap Value Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,143 |
| 37 |
| 0.00 |
|
| 29.666964 |
| 10.53 |
| 1.65 |
|
| 31.174005 |
| 10.69 |
| 1.50 |
| |
12/31/2022 |
| 1,167 |
| 42 |
| 0.00 |
|
| 26.841168 |
| (10.49 | ) | 1.65 |
|
| 28.162505 |
| (10.36 | ) | 1.50 |
| |
12/31/2021 |
| 1,359 |
| 44 |
| 0.00 |
|
| 29.988286 |
| 28.40 |
| 1.65 |
|
| 31.417540 |
| 28.59 |
| 1.50 |
| |
12/31/2020 |
| 1,190 |
| 50 |
| 0.00 |
|
| 23.355905 |
| 2.17 |
| 1.65 |
|
| 24.432379 |
| 2.32 |
| 1.50 |
| |
12/31/2019 |
| 1,230 |
| 53 |
| 0.00 |
|
| 22.859926 |
| 28.74 |
| 1.65 |
|
| 23.877692 |
| 28.94 |
| 1.50 |
| |
JNL/Morningstar U.S. Sustainability Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| 20.276612 |
| 24.04 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 20.594380 |
| 28.49 |
| 1.65 |
|
| 20.739714 |
| 28.68 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 16.028247 |
| 18.55 |
| 1.65 |
|
| 16.117165 |
| 18.73 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 13.520270 |
| 28.57 |
| 1.65 |
|
| 13.574897 |
| 28.76 |
| 1.50 |
| |
JNL/Morningstar Wide Moat Index Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 219 |
| 12 |
| 0.59 |
|
| 18.330277 |
| 29.34 | ‡ | 1.65 |
|
| 18.479144 |
| 29.53 | ‡ | 1.50 |
| |
12/31/2022 |
| 5 |
| 0 |
| 1.24 |
|
| 14.266286 |
| (15.08 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 7 |
| 0 |
| 1.20 |
|
| 16.713654 |
| 21.86 |
| 1.65 |
|
| 16.799403 |
| 22.05 |
| 1.50 |
| |
12/31/2020 |
| 6 |
| 0 |
| 1.28 |
|
| 13.714956 |
| 12.30 |
| 1.65 |
|
| 13.764645 |
| 12.48 |
| 1.50 |
| |
12/31/2019 |
| 5 |
| 0 |
| 0.00 |
|
| 12.212533 |
| 32.44 |
| 1.65 |
|
| 12.237903 |
| 32.63 |
| 1.50 |
| |
JNL/Neuberger Berman Strategic Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 100 |
| 8 |
| 0.00 |
|
| 11.875410 |
| 8.15 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 93 |
| 8 |
| 0.00 |
|
| 10.980252 |
| (12.15 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 106 |
| 8 |
| 0.00 |
|
| 12.323914 |
| 0.97 |
| 1.65 |
|
| 12.498575 |
| 1.13 |
| 1.50 |
| |
12/31/2020 |
| 104 |
| 8 |
| 0.00 |
|
| 12.205095 |
| 5.26 |
| 1.65 |
|
| 12.359517 |
| 5.42 |
| 1.50 |
| |
12/31/2019 |
| 99 |
| 8 |
| 2.63 |
|
| 11.595340 |
| 7.56 |
| 1.65 |
|
| 11.724464 |
| 7.72 |
| 1.50 |
| |
JNL/Newton Equity Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 120 |
| 3 |
| 0.00 |
|
| 36.298664 |
| 8.56 |
| 1.65 |
|
| 36.640878 |
| 8.73 |
| 1.50 |
| |
12/31/2022 |
| 67 |
| 2 |
| 0.00 |
|
| 33.434979 |
| 2.11 |
| 1.65 |
|
| 33.699756 |
| 2.26 |
| 1.50 |
| |
12/31/2021 |
| 29 |
| 1 |
| 0.00 |
|
| 32.745219 |
| 30.59 |
| 1.65 |
|
| 32.955435 |
| 30.79 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 25.074033 |
| 0.77 |
| 1.65 |
|
| 25.197170 |
| 0.92 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 24.882005 |
| 26.52 |
| 1.65 |
|
| 24.966716 |
| 26.71 |
| 1.50 |
| |
|
|
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
64
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/PIMCO Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 73 |
| 7 |
| 0.00 |
|
| 10.434006 |
| 6.64 |
| 1.65 |
|
| 10.529491 |
| 6.80 |
| 1.50 |
| |
12/31/2022 |
| 71 |
| 7 |
| 0.00 |
|
| 9.783961 |
| (9.59 | ) | 1.65 |
|
| 9.858674 |
| (9.45 | ) | 1.50 |
| |
12/31/2021 |
| 115 |
| 11 |
| 0.00 |
|
| 10.821636 |
| 0.33 |
| 1.65 |
|
| 10.887928 |
| 0.48 |
| 1.50 |
| |
12/31/2020 |
| 94 |
| 9 |
| 0.00 |
|
| 10.786541 |
| 3.23 |
| 1.65 |
|
| 10.836325 |
| 3.38 |
| 1.50 |
| |
12/31/2019 |
| 51 |
| 5 |
| 3.01 |
|
| 10.449294 |
| 6.06 |
| 1.65 |
|
| 10.481720 |
| 6.20 |
| 1.50 |
| |
JNL/PIMCO Investment Grade Credit Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 0 |
| 0 |
| 0.00 |
|
| 12.246255 |
| 6.13 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 0 |
| 0 |
| 0.00 |
|
| 11.538468 |
| (17.82 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 28 |
| 2 |
| 0.00 |
|
| 13.909710 |
| (3.23 | ) | 1.65 |
|
| 14.040004 |
| (3.09 | ) | 1.50 |
| |
12/31/2020 |
| 24 |
| 2 |
| 0.00 |
|
| 14.374518 |
| 8.71 |
| 1.65 |
|
| 14.487418 |
| 8.87 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 13.222402 |
| 12.60 |
| 1.65 |
|
| 13.307112 |
| 12.77 |
| 1.50 |
| |
JNL/PIMCO Real Return Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 102 |
| 7 |
| 0.00 |
|
| 13.903164 |
| 2.27 |
| 1.65 |
|
| 14.261473 |
| 2.42 |
| 1.50 |
| |
12/31/2022 |
| 103 |
| 8 |
| 0.00 |
|
| 13.595044 |
| (13.23 | ) | 1.65 |
|
| 13.924486 |
| (13.10 | ) | 1.50 |
| |
12/31/2021 |
| 141 |
| 9 |
| 0.00 |
|
| 15.667590 |
| 3.67 |
| 1.65 |
|
| 16.023259 |
| 3.83 |
| 1.50 |
| |
12/31/2020 |
| 211 |
| 14 |
| 0.00 |
|
| 15.112417 |
| 9.64 |
| 1.65 |
|
| 15.432306 |
| 9.80 |
| 1.50 |
| |
12/31/2019 |
| 226 |
| 16 |
| 0.00 |
|
| 13.784020 |
| 6.61 |
| 1.65 |
|
| 14.054688 |
| 6.77 |
| 1.50 |
| |
JNL/PPM America Floating Rate Income Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 34 |
| 3 |
| 0.00 |
|
| 12.330310 |
| 11.30 |
| 1.65 |
|
| 12.567593 |
| 11.48 |
| 1.50 |
| |
12/31/2022 |
| 20 |
| 2 |
| 0.00 |
|
| 11.078280 |
| (6.21 | ) | 1.65 |
|
| 11.273802 |
| (6.07 | ) | 1.50 |
| |
12/31/2021 |
| 25 |
| 2 |
| 0.00 |
|
| 11.811288 |
| 2.03 |
| 1.65 |
|
| 12.002147 |
| 2.19 |
| 1.50 |
| |
12/31/2020 |
| 22 |
| 2 |
| 0.00 |
|
| 11.575875 |
| (1.19 | ) | 1.65 |
|
| 11.744504 |
| (1.04 | ) | 1.50 |
| |
12/31/2019 |
| 21 |
| 2 |
| 0.00 |
|
| 11.714905 |
| 6.44 |
| 1.65 |
|
| 11.867756 |
| 6.60 |
| 1.50 |
| |
JNL/PPM America High Yield Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 801 |
| 33 |
| 0.00 |
|
| 23.996521 |
| 10.99 |
| 1.65 |
|
| 24.572127 |
| 11.15 |
| 1.50 |
| |
12/31/2022 |
| 736 |
| 34 |
| 0.00 |
|
| 21.620735 |
| (13.16 | ) | 1.65 |
|
| 22.106262 |
| (13.03 | ) | 1.50 |
| |
12/31/2021 |
| 1,101 |
| 44 |
| 0.00 |
|
| 24.896064 |
| 4.02 |
| 1.65 |
|
| 25.417111 |
| 4.18 |
| 1.50 |
| |
12/31/2020 |
| 1,063 |
| 44 |
| 0.00 |
|
| 23.934170 |
| 3.39 |
| 1.65 |
|
| 24.398472 |
| 3.54 |
| 1.50 |
| |
12/31/2019 |
| 1,159 |
| 50 |
| 0.00 |
|
| 23.149889 |
| 12.72 |
| 1.65 |
|
| 23.563613 |
| 12.89 |
| 1.50 |
| |
JNL/PPM America Total Return Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 4 |
| 0 |
| 0.00 |
|
| 17.795009 |
| 4.94 |
| 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 4 |
| 0 |
| 0.00 |
|
| 16.957859 |
| (15.48 | ) | 1.65 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 5 |
| 0 |
| 0.00 |
|
| 20.063357 |
| (2.77 | ) | 1.65 |
|
| 20.264766 |
| (2.62 | ) | 1.50 |
| |
12/31/2020 |
| 29 |
| 1 |
| 0.00 |
|
| 20.634656 |
| 8.05 |
| 1.65 |
|
| 20.809843 |
| 8.21 |
| 1.50 |
| |
12/31/2019 |
| 5 |
| 0 |
| 0.00 |
|
| 19.096963 |
| 8.26 |
| 1.65 |
|
| 19.230103 |
| 8.42 |
| 1.50 |
| |
JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 26 |
| 1 |
| 0.00 |
|
| 21.413426 |
| 15.33 |
| 1.65 |
|
| 21.953262 |
| 15.51 |
| 1.50 |
| |
12/31/2022 |
| 41 |
| 2 |
| 0.00 |
|
| 18.566654 |
| (15.43 | ) | 1.65 |
|
| 19.006329 |
| (15.30 | ) | 1.50 |
| |
12/31/2021 |
| 69 |
| 3 |
| 0.00 |
|
| 21.953201 |
| 28.11 |
| 1.65 |
|
| 22.439361 |
| 28.30 |
| 1.50 |
| |
12/31/2020 |
| 65 |
| 4 |
| 0.00 |
|
| 17.136481 |
| 6.84 |
| 1.65 |
|
| 17.489754 |
| 7.00 |
| 1.50 |
| |
12/31/2019+ |
| 51 |
| 3 |
| 1.22 |
|
| 16.039285 |
| 11.75 |
| 1.65 |
|
| 16.345486 |
| 11.92 |
| 1.50 |
| |
|
|
+ | On June 24, 2019, JNL/RAFI Fundamental U.S. Small Cap Fund completed the acquisition of JNL/MC S&P SMid 60 Fund, a separate series in JNL Variable Fund LLC. JNL/MC S&P SMid 60 Fund is considered the accounting survivor for financial reporting purposes, and as a result, the Financial Highlights reflects activity of the funds formerly in JNL Variable Fund LLC for periods prior to June 24, 2019. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
65
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,426 |
| 48 |
| 0.00 |
|
| 27.002055 |
| 10.23 |
| 1.65 |
|
| 31.373516 |
| 10.40 |
| 1.50 |
| |
12/31/2022 |
| 1,385 |
| 52 |
| 0.00 |
|
| 24.495546 |
| (9.52 | ) | 1.65 |
|
| 28.418681 |
| (9.38 | ) | 1.50 |
| |
12/31/2021 |
| 1,707 |
| 58 |
| 0.00 |
|
| 27.072686 |
| 24.32 |
| 1.65 |
|
| 31.361617 |
| 24.50 |
| 1.50 |
| |
12/31/2020 |
| 1,507 |
| 63 |
| 0.00 |
|
| 21.776978 |
| 8.15 |
| 1.65 |
|
| 25.189130 |
| 8.31 |
| 1.50 |
| |
12/31/2019+ |
| 1,781 |
| 81 |
| 2.59 |
|
| 20.135611 |
| 17.58 |
| 1.65 |
|
| 23.255666 |
| 17.76 |
| 1.50 |
| |
JNL/T. Rowe Price Balanced Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 17 |
| 1 |
| 0.00 |
|
| 14.366273 |
| 15.64 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 15.310561 |
| 11.05 |
| 1.50 |
|
| 15.310561 |
| 11.05 |
| 1.50 |
| |
12/31/2020+ |
| 12 |
| 1 |
| 0.00 |
|
| 13.786932 |
| 25.18 | ‡ | 1.50 |
|
| 13.786932 |
| 25.18 | ‡ | 1.50 |
| |
JNL/T. Rowe Price Capital Appreciation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 1,408 |
| 61 |
| 0.00 |
|
| 23.123505 |
| 16.50 |
| 1.65 |
|
| 23.483365 |
| 16.67 |
| 1.50 |
| |
12/31/2022 |
| 656 |
| 33 |
| 0.00 |
|
| 19.849224 |
| (13.39 | ) | 1.65 |
|
| 20.127988 |
| (13.26 | ) | 1.50 |
| |
12/31/2021 |
| 788 |
| 34 |
| 0.00 |
|
| 22.917069 |
| 15.96 |
| 1.65 |
|
| 23.204186 |
| 16.14 |
| 1.50 |
| |
12/31/2020 |
| 444 |
| 22 |
| 0.00 |
|
| 19.762075 |
| 15.56 |
| 1.65 |
|
| 19.979676 |
| 15.73 |
| 1.50 |
| |
12/31/2019 |
| 57 |
| 3 |
| 0.00 |
|
| 17.101594 |
| 22.03 |
| 1.65 |
|
| 17.263928 |
| 22.22 |
| 1.50 |
| |
JNL/T. Rowe Price Established Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 2,820 |
| 56 |
| 0.00 |
|
| 49.576515 |
| 45.59 |
| 1.65 |
|
| 51.060328 |
| 45.81 |
| 1.50 |
| |
12/31/2022 |
| 2,378 |
| 68 |
| 0.00 |
|
| 34.052645 |
| (39.81 | ) | 1.65 |
|
| 35.019411 |
| (39.72 | ) | 1.50 |
| |
12/31/2021 |
| 4,255 |
| 74 |
| 0.00 |
|
| 56.576615 |
| 12.56 |
| 1.65 |
|
| 58.095886 |
| 12.73 |
| 1.50 |
| |
12/31/2020 |
| 3,869 |
| 76 |
| 0.00 |
|
| 50.262857 |
| 34.84 |
| 1.65 |
|
| 51.535222 |
| 35.05 |
| 1.50 |
| |
12/31/2019 |
| 3,156 |
| 83 |
| 0.00 |
|
| 37.275179 |
| 28.99 |
| 1.65 |
|
| 38.161489 |
| 29.18 |
| 1.50 |
| |
JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 3,112 |
| 53 |
| 0.00 |
|
| 57.783745 |
| 18.00 |
| 1.65 |
|
| 59.479153 |
| 18.18 |
| 1.50 |
| |
12/31/2022 |
| 2,817 |
| 57 |
| 0.00 |
|
| 48.969434 |
| (23.34 | ) | 1.65 |
|
| 50.330892 |
| (23.23 | ) | 1.50 |
| |
12/31/2021 |
| 4,271 |
| 66 |
| 0.00 |
|
| 63.880511 |
| 11.07 |
| 1.65 |
|
| 65.558377 |
| 11.23 |
| 1.50 |
| |
12/31/2020 |
| 3,863 |
| 66 |
| 0.00 |
|
| 57.515283 |
| 21.53 |
| 1.65 |
|
| 58.937489 |
| 21.71 |
| 1.50 |
| |
12/31/2019 |
| 3,522 |
| 74 |
| 0.00 |
|
| 47.326180 |
| 29.33 |
| 1.65 |
|
| 48.423745 |
| 29.52 |
| 1.50 |
| |
JNL/T. Rowe Price Short-Term Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 516 |
| 51 |
| 0.00 |
|
| 9.840333 |
| 3.07 |
| 1.65 |
|
| 10.104549 |
| 3.23 |
| 1.50 |
| |
12/31/2022 |
| 488 |
| 50 |
| 0.00 |
|
| 9.547149 |
| (6.21 | ) | 1.65 |
|
| 9.788847 |
| (6.07 | ) | 1.50 |
| |
12/31/2021 |
| 446 |
| 43 |
| 0.00 |
|
| 10.179212 |
| (2.01 | ) | 1.65 |
|
| 10.421317 |
| (1.86 | ) | 1.50 |
| |
12/31/2020 |
| 465 |
| 44 |
| 0.00 |
|
| 10.387882 |
| 2.23 |
| 1.65 |
|
| 10.618994 |
| 2.39 |
| 1.50 |
| |
12/31/2019 |
| 407 |
| 39 |
| 0.00 |
|
| 10.161046 |
| 2.39 |
| 1.65 |
|
| 10.371555 |
| 2.54 |
| 1.50 |
| |
JNL/T. Rowe Price U.S. High Yield Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 11.770992 |
| 3.11 |
| 1.65 |
|
| 11.871726 |
| 3.26 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 11.416052 |
| 1.76 |
| 1.65 |
|
| 11.496492 |
| 1.91 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.219119 |
| 8.40 |
| 1.65 |
|
| 11.281237 |
| 8.56 |
| 1.50 |
| |
+ | On June 24, 2019, JNL/RAFI Multi-Factor U.S. Equity Fund completed the acquisition of JNL/MC JNL 5 Fund, a separate series in JNL Variable Fund LLC. JNL/MC JNL 5 Fund, is considered the accounting survivor for financial reporting purposes, and as a result, the Financial Highlights reflects activity of the funds formerly in JNL Variable Fund LLC for periods prior to June 24, 2019. The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/T. Rowe Price Balanced Fund - Class A - April 27, 2020. |
* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
‡ | Total return is calculated from the effective date through the end of the reporting period and is not annualized. The effective date is the date when the optional benefit in the variable account was elected by a contract owner. |
See Notes to the Financial Statements.
66
Jackson National Separate Account V |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Financial Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
| Investment Division Data |
|
| Highest Expense Ratio |
|
| Lowest Expense Ratio |
| ||||||||||||
|
|
| Net Assets |
| Units Outstanding |
| Investment Income |
|
| Unit |
| Total |
| Ratio of |
|
| Unit |
| Total |
| Ratio of |
|
Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
|
| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
| |
JNL/T. Rowe Price Value Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 922 |
| 24 |
| 0.00 |
|
| 37.899283 |
| 10.13 |
| 1.65 |
|
| 39.033978 |
| 10.29 |
| 1.50 |
| |
12/31/2022 |
| 832 |
| 24 |
| 0.00 |
|
| 34.414643 |
| (12.95 | ) | 1.65 |
|
| 35.392035 |
| (12.82 | ) | 1.50 |
| |
12/31/2021 |
| 1,102 |
| 27 |
| 0.00 |
|
| 39.534382 |
| 27.43 |
| 1.65 |
|
| 40.596418 |
| 27.62 |
| 1.50 |
| |
12/31/2020 |
| 1,014 |
| 32 |
| 0.00 |
|
| 31.024370 |
| 8.46 |
| 1.65 |
|
| 31.810040 |
| 8.62 |
| 1.50 |
| |
12/31/2019 |
| 963 |
| 33 |
| 0.00 |
|
| 28.604248 |
| 24.05 |
| 1.65 |
|
| 29.284638 |
| 24.23 |
| 1.50 |
| |
JNL/Vanguard Growth ETF Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 242 |
| 18 |
| 0.00 |
|
| 13.257334 |
| 12.44 |
| 1.65 |
|
| 13.382341 |
| 12.61 |
| 1.50 |
| |
12/31/2022 |
| 224 |
| 19 |
| 0.00 |
|
| 11.790332 |
| (17.96 | ) | 1.65 |
|
| 11.883724 |
| (17.84 | ) | 1.50 |
| |
12/31/2021 |
| 294 |
| 20 |
| 0.00 |
|
| 14.371946 |
| 12.44 |
| 1.65 |
|
| 14.464149 |
| 12.60 |
| 1.50 |
| |
12/31/2020 |
| 21 |
| 2 |
| 0.00 |
|
| 12.782338 |
| 11.79 |
| 1.65 |
|
| 12.845060 |
| 11.96 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.434440 |
| 20.87 |
| 1.65 |
|
| 11.473360 |
| 21.05 |
| 1.50 |
| |
JNL/Vanguard Moderate ETF Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| 10.469894 |
| (15.31 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 30 |
| 2 |
| 0.00 |
|
| 12.284193 |
| 4.64 |
| 1.65 |
|
| 12.362984 |
| 4.79 |
| 1.50 |
| |
12/31/2020 |
| 28 |
| 2 |
| 0.00 |
|
| 11.740018 |
| 7.85 |
| 1.65 |
|
| 11.797608 |
| 8.01 |
| 1.50 |
| |
12/31/2019 |
| 27 |
| 3 |
| 0.00 |
|
| 10.885338 |
| 13.88 |
| 1.65 |
|
| 10.922394 |
| 14.05 |
| 1.50 |
| |
JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 24 |
| 2 |
| 0.00 |
|
| 12.335471 |
| 10.60 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| 22 |
| 2 |
| 0.00 |
|
| 11.153723 |
| (16.67 | ) | 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| 26 |
| 2 |
| 0.00 |
|
| 13.300117 |
| 8.56 |
| 1.65 |
|
| 13.385492 |
| 8.72 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 12.251696 |
| 9.83 |
| 1.65 |
|
| 12.311859 |
| 10.00 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.155064 |
| 17.43 |
| 1.65 |
|
| 11.193053 |
| 17.60 |
| 1.50 |
| |
JNL/WCM Focused International Equity Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 0 |
| 0 |
| 0.00 |
|
| 19.648275 |
| 14.56 |
| 1.65 |
|
| 19.953459 |
| 14.73 |
| 1.50 |
| |
12/31/2022 |
| 54 |
| 3 |
| 0.00 |
|
| 17.151700 |
| (29.86 | ) | 1.65 |
|
| 17.392062 |
| (29.75 | ) | 1.50 |
| |
12/31/2021 |
| 9 |
| 0 |
| 0.00 |
|
| 24.451895 |
| 15.17 |
| 1.65 |
|
| 24.757712 |
| 15.34 |
| 1.50 |
| |
12/31/2020 |
| 2 |
| 0 |
| 0.00 |
|
| 21.232018 |
| 29.85 |
| 1.65 |
|
| 21.465337 |
| 30.05 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 16.351028 |
| 33.26 |
| 1.65 |
|
| 16.505942 |
| 33.46 |
| 1.50 |
| |
JNL/Westchester Capital Event Driven Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 21 |
| 2 |
| 0.00 |
|
| 11.934722 |
| 4.88 |
| 1.50 |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2022 |
| — |
| — |
| 0.00 |
|
| N/A |
| N/A |
| N/A |
|
| N/A |
| N/A |
| N/A |
| |
12/31/2021 |
| — |
| — |
| 0.00 |
|
| 11.824568 |
| 1.28 |
| 1.65 |
|
| 11.943605 |
| 1.43 |
| 1.50 |
| |
12/31/2020 |
| — |
| — |
| 0.00 |
|
| 11.675284 |
| 4.56 |
| 1.65 |
|
| 11.775145 |
| 4.72 |
| 1.50 |
| |
12/31/2019 |
| — |
| — |
| 0.00 |
|
| 11.166000 |
| 9.94 |
| 1.65 |
|
| 11.244624 |
| 10.11 |
| 1.50 |
| |
JNL/Western Asset Global Multi-Sector Bond Fund - Class A |
|
|
|
|
|
|
| |||||||||||||||
12/31/2023 |
| 255 |
| 26 |
| 0.00 |
|
| 9.586875 |
| 6.82 |
| 1.65 |
|
| 9.771678 |
| 6.99 |
| 1.50 |
| |
12/31/2022 |
| 226 |
| 25 |
| 0.00 |
|
| 8.974429 |
| (7.39 | ) | 1.65 |
|
| 9.133164 |
| (7.12 | ) | 1.50 |
| |
12/31/2021 |
| 267 |
| 27 |
| 0.00 |
|
| 9.690827 |
| (5.86 | ) | 1.65 |
|
| 9.833084 |
| (5.75 | ) | 1.50 |
| |
12/31/2020 |
| 228 |
| 22 |
| 14.30 |
|
| 10.294209 |
| (8.24 | ) | 1.65 |
|
| 10.432987 |
| (8.10 | ) | 1.50 |
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12/31/2019 |
| 227 |
| 20 |
| 9.90 |
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| 11.218404 |
| (0.70 | ) | 1.65 |
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| 11.352455 |
| (0.55 | ) | 1.50 |
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* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
67
Jackson National Separate Account V |
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Financial Highlights |
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December 31, 2023 |
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| Investment Division Data |
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| Highest Expense Ratio |
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| Net Assets |
| Units Outstanding |
| Investment Income |
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| Unit |
| Total |
| Ratio of |
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| Unit |
| Total |
| Ratio of |
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Year ended |
| (in thousands)($)¥ |
| (in thousands)¥ |
| Ratio(%)* |
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| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
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| Value($)§ |
| Return(%)† |
| Expenses(%)^ |
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JNL/William Blair International Leaders Fund - Class A |
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12/31/2023 |
| 634 |
| 47 |
| 0.00 |
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| 12.856032 |
| 10.94 |
| 1.65 |
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| 13.976642 |
| 11.11 |
| 1.50 |
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12/31/2022 |
| 590 |
| 48 |
| 1.65 |
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| 11.588217 |
| (26.25 | ) | 1.65 |
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| 12.579486 |
| (26.14 | ) | 1.50 |
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12/31/2021 |
| 890 |
| 54 |
| 1.19 |
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| 15.712326 |
| 4.46 |
| 1.65 |
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| 17.030894 |
| 4.61 |
| 1.50 |
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12/31/2020 |
| 844 |
| 53 |
| 2.18 |
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| 15.041832 |
| 11.92 |
| 1.65 |
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| 16.279689 |
| 12.09 |
| 1.50 |
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12/31/2019 |
| 761 |
| 54 |
| 1.76 |
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| 13.439830 |
| 26.05 |
| 1.65 |
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| 14.524052 |
| 26.24 |
| 1.50 |
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JNL/WMC Balanced Fund - Class A |
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12/31/2023 |
| 1,261 |
| 43 |
| 0.00 |
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| 29.034144 |
| 11.23 |
| 1.65 |
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| 29.903378 |
| 11.40 |
| 1.50 |
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12/31/2022 |
| 1,242 |
| 47 |
| 0.00 |
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| 26.101984 |
| (15.36 | ) | 1.65 |
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| 26.843240 |
| (15.23 | ) | 1.50 |
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12/31/2021 |
| 2,094 |
| 67 |
| 0.00 |
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| 30.837054 |
| 16.74 |
| 1.65 |
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| 31.665381 |
| 16.91 |
| 1.50 |
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12/31/2020 |
| 2,126 |
| 79 |
| 0.00 |
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| 26.416044 |
| 6.55 |
| 1.65 |
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| 27.084955 |
| 6.71 |
| 1.50 |
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12/31/2019 |
| 2,159 |
| 86 |
| 0.00 |
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| 24.791153 |
| 19.47 |
| 1.65 |
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| 25.380824 |
| 19.65 |
| 1.50 |
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JNL/WMC Equity Income Fund - Class A |
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12/31/2023 |
| 1 |
| 0 |
| 0.00 |
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| 15.348881 |
| 4.95 |
| 1.65 |
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| 15.475569 |
| 4.84 |
| 1.50 |
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12/31/2022 |
| 1 |
| 0 |
| 0.00 |
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| 14.625580 |
| (1.12 | ) | 1.65 |
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| 14.761563 |
| (1.15 | ) | 1.50 |
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12/31/2021 |
| — |
| — |
| 0.00 |
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| 14.791424 |
| 23.59 |
| 1.65 |
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| 14.933224 |
| 23.78 |
| 1.50 |
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12/31/2020 |
| — |
| — |
| 0.00 |
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| 11.967673 |
| 0.91 |
| 1.65 |
|
| 12.064288 |
| 1.06 |
| 1.50 |
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12/31/2019 |
| — |
| — |
| 0.00 |
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| 11.859490 |
| 21.34 |
| 1.65 |
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| 11.937310 |
| 21.91 |
| 1.50 |
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JNL/WMC Global Real Estate Fund - Class A |
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12/31/2023 |
| 92 |
| 6 |
| 0.00 |
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| 15.746814 |
| 7.79 |
| 1.65 |
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| 16.367848 |
| 7.95 |
| 1.50 |
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12/31/2022 |
| 84 |
| 6 |
| 0.00 |
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| 14.608842 |
| (28.76 | ) | 1.65 |
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| 15.162245 |
| (28.66 | ) | 1.50 |
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12/31/2021 |
| 109 |
| 5 |
| 0.00 |
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| 20.507241 |
| 24.60 |
| 1.65 |
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| 21.252218 |
| 24.79 |
| 1.50 |
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12/31/2020 |
| 88 |
| 5 |
| 0.00 |
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| 16.458378 |
| (13.57 | ) | 1.65 |
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| 17.030743 |
| (13.44 | ) | 1.50 |
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12/31/2019 |
| 120 |
| 6 |
| 0.00 |
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| 19.042472 |
| 20.52 |
| 1.65 |
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| 19.675206 |
| 20.70 |
| 1.50 |
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JNL/WMC Government Money Market Fund - Class A |
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12/31/2023 |
| 374 |
| 39 |
| 4.27 |
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| 9.383954 |
| 2.67 |
| 1.65 |
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| 9.765103 |
| 2.82 |
| 1.50 |
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12/31/2022 |
| 413 |
| 44 |
| 0.88 |
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| 9.140244 |
| (0.70 | ) | 1.65 |
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| 9.497274 |
| (0.55 | ) | 1.50 |
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12/31/2021 |
| 386 |
| 41 |
| 0.00 |
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| 9.204249 |
| (1.64 | ) | 1.65 |
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| 9.549477 |
| (1.49 | ) | 1.50 |
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12/31/2020 |
| 411 |
| 43 |
| 0.29 |
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| 9.357371 |
| (1.43 | ) | 1.65 |
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| 9.693787 |
| (1.28 | ) | 1.50 |
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12/31/2019 |
| 490 |
| 51 |
| 1.54 |
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| 9.493183 |
| (0.12 | ) | 1.65 |
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| 9.819752 |
| 0.03 |
| 1.50 |
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JNL/WMC Value Fund - Class A |
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12/31/2023 |
| 73 |
| 2 |
| 0.00 |
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| 35.694087 |
| 7.42 |
| 1.65 |
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| 36.675406 |
| 7.58 |
| 1.50 |
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12/31/2022 |
| 189 |
| 6 |
| 0.00 |
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| 33.227299 |
| (6.39 | ) | 1.65 |
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| 34.089727 |
| (6.25 | ) | 1.50 |
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12/31/2021 |
| 326 |
| 9 |
| 0.00 |
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| 35.495999 |
| 24.90 |
| 1.65 |
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| 36.362837 |
| 25.09 |
| 1.50 |
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12/31/2020 |
| 302 |
| 10 |
| 0.00 |
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| 28.418622 |
| (0.14 | ) | 1.65 |
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| 29.068987 |
| 0.01 |
| 1.50 |
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12/31/2019 |
| 352 |
| 12 |
| 0.00 |
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| 28.459693 |
| 25.43 |
| 1.65 |
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| 29.067341 |
| 25.61 |
| 1.50 |
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* | These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund for the period indicated divided by the average net assets for the period indicated. In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the Underlying Fund. The investment income ratio for Investment Divisions initially funded during the period presented have not been annualized. |
§ | For an Investment Division where no contract owner allocated net premiums during the period, the unit value represents the amount at which a contract owner could contribute to that Investment Division as of the respective period end. |
† | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. See Note 3 in the Notes to Financial Statements for additional detail on expenses. Total return for current Investment Divisions with activity for a portion of the year is calculated based on the total return of the underlying Fund for the period less expenses that are charged directly to that Investment Division of the Separate Account. Total return is not annualized if the Investment Division was initially added and funded or if the Investment Division was closed during the year. |
^ | Annualized contract expense of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. If no contract owner elected to allocate net premiums to a specific Investment Division for the full period, the expense ratio or range of expense ratios represents the contractual expense ratio or range of expense ratios. Expense Ratios for the years ended 12/31/2022 and after include only contract expense levels that had units issued or outstanding during the reporting period. For contracts with only one expense ratio, the ratio is presented only under the Highest Expense Ratio. |
¥ | Some investments have a net asset and ending units outstanding balance of less than one thousand due to rounding it is displayed as a zero. |
See Notes to the Financial Statements.
68
Jackson National Separate Account V
Notes to Financial Statements
December 31, 2023
NOTE 1. Organization
Jackson National Life Insurance Company (“Jackson”) established Jackson National Separate Account V (the “Separate Account”) on September 25, 1998. The Separate Account commenced operations on January 2, 2000, and is a unit investment trust registered with the Securities Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended. The Separate Account is an Investment Company and follows accounting and reporting guidance under Financial Accounting Standards Board “FASB” Accounting Standards Codification (ASC) Topic 946 Financial Services – Investment Companies.
The Separate Account is a separate investment account of Jackson. Its assets legally belong to Jackson and the obligations under the contracts are the obligation of Jackson but are clearly identified and distinguished from Jackson's other assets and liabilities. The contract assets in the Separate Account are not chargeable with liabilities arising out of any other business Jackson may conduct.
The Separate Account receives and invests, based on the directions of the contract owners, net premiums for individual flexible premium variable annuity contracts issued by Jackson. The contracts can be purchased on a non-tax qualified basis or in connection with certain plans qualifying for favorable federal income tax treatment. The Separate Account currently contains one hundred eighteen (118) Investment Divisions as of December 31, 2023. These one hundred eighteen (118) Investment Divisions each invested in shares of the following mutual funds (each a "Fund" and collectively the “Funds”) as of and during the year ended December 31, 2023:
JNL® Series Trust | |
JNL Aggressive Growth Allocation Fund - Class A(1) | JNL/JPMorgan MidCap Growth Fund - Class A |
JNL Conservative Allocation Fund - Class A(1) | JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
JNL Growth Allocation Fund - Class A(1) | JNL/JPMorgan U.S. Value Fund - Class A |
JNL iShares Tactical Growth Fund - Class A | JNL/Lazard International Strategic Equity Fund - Class A |
JNL iShares Tactical Moderate Fund - Class A | JNL/Loomis Sayles Global Growth Fund - Class A |
JNL iShares Tactical Moderate Growth Fund - Class A | JNL/Lord Abbett Short Duration Income Fund - Class A |
JNL Moderate Allocation Fund - Class A(1) | JNL/Mellon Bond Index Fund - Class A |
JNL Moderate Growth Allocation Fund - Class A(1) | JNL/Mellon Communication Services Sector Fund - Class A |
JNL Multi-Manager Alternative Fund - Class A | JNL/Mellon Consumer Discretionary Sector Fund - Class A |
JNL Multi-Manager Emerging Markets Equity Fund - Class A | JNL/Mellon Consumer Staples Sector Fund - Class A |
JNL Multi-Manager International Small Cap Fund - Class A | JNL/Mellon Dow Index Fund - Class A |
JNL Multi-Manager Mid Cap Fund - Class A | JNL/Mellon Emerging Markets Index Fund - Class A |
JNL Multi-Manager Small Cap Growth Fund - Class A | JNL/Mellon Energy Sector Fund - Class A |
JNL Multi-Manager Small Cap Value Fund - Class A | JNL/Mellon Financial Sector Fund - Class A |
JNL/AB Sustainable Global Thematic Fund - Class A | JNL/Mellon Healthcare Sector Fund - Class A |
JNL/American Funds Balanced Fund - Class A | JNL/Mellon Industrials Sector Fund - Class A |
JNL/American Funds Bond Fund of America Fund - Class A | JNL/Mellon Information Technology Sector Fund - Class A |
JNL/American Funds Capital Income Builder Fund - Class A | JNL/Mellon International Index Fund - Class A |
JNL/American Funds Capital World Bond Fund - Class A | JNL/Mellon Materials Sector Fund - Class A |
JNL/American Funds Global Growth Fund - Class A | JNL/Mellon Nasdaq® 100 Index Fund - Class A |
JNL/American Funds Global Small Capitalization Fund - Class A | JNL/Mellon Real Estate Sector Fund - Class A |
JNL/American Funds Growth Allocation Fund - Class A(1) | JNL/Mellon S&P 400 MidCap Index Fund - Class A |
JNL/American Funds Growth Fund - Class A | JNL/Mellon S&P 500 Index Fund - Class A |
JNL/American Funds Growth-Income Fund - Class A | JNL/Mellon Small Cap Index Fund - Class A |
JNL/American Funds International Fund - Class A | JNL/Mellon U.S. Stock Market Index Fund - Class A |
JNL/American Funds Moderate Growth Allocation Fund - Class A(1) | JNL/Mellon Utilities Sector Fund - Class A |
JNL/American Funds New World Fund - Class A | JNL/Mellon World Index Fund - Class A |
JNL/American Funds Washington Mutual Investors Fund - Class A | JNL/MFS Mid Cap Value Fund - Class A |
JNL/AQR Large Cap Defensive Style Fund - Class A | JNL/Morningstar U.S. Sustainability Index Fund - Class A |
JNL/Baillie Gifford International Growth Fund - Class A | JNL/Morningstar Wide Moat Index Fund - Class A |
JNL/BlackRock Global Allocation Fund - Class A | JNL/Neuberger Berman Strategic Income Fund - Class A |
JNL/BlackRock Global Natural Resources Fund - Class A | JNL/Newton Equity Income Fund - Class A |
JNL/BlackRock Large Cap Select Growth Fund - Class A | JNL/PIMCO Income Fund - Class A |
JNL/Causeway International Value Select Fund - Class A | JNL/PIMCO Investment Grade Credit Bond Fund - Class A |
JNL/ClearBridge Large Cap Growth Fund - Class A | JNL/PIMCO Real Return Fund - Class A |
JNL/DFA International Core Equity Fund - Class A | JNL/PPM America Floating Rate Income Fund - Class A |
JNL/DFA U.S. Core Equity Fund - Class A | JNL/PPM America High Yield Bond Fund - Class A |
69
Jackson National Separate Account V
Notes to Financial Statements
December 31, 2023
JNL/DFA U.S. Small Cap Fund - Class A | JNL/PPM America Total Return Fund - Class A |
JNL/DoubleLine Core Fixed Income Fund - Class A | JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A | JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A | JNL/T. Rowe Price Balanced Fund - Class A |
JNL/DoubleLine Total Return Fund - Class A | JNL/T. Rowe Price Capital Appreciation Fund - Class A |
JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A | JNL/T. Rowe Price Established Growth Fund - Class A |
JNL/First Sentier Global Infrastructure Fund - Class A | JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
JNL/Franklin Templeton Income Fund - Class A | JNL/T. Rowe Price Short-Term Bond Fund - Class A |
JNL/Goldman Sachs 4 Fund - Class A | JNL/T. Rowe Price U.S. High Yield Fund - Class A |
JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A | JNL/T. Rowe Price Value Fund - Class A |
JNL/Goldman Sachs Managed Conservative Fund - Class A | JNL/Vanguard Growth ETF Allocation Fund - Class A |
JNL/Goldman Sachs Managed Growth Fund - Class A | JNL/Vanguard Moderate ETF Allocation Fund - Class A |
JNL/Goldman Sachs Managed Moderate Fund - Class A | JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
JNL/Goldman Sachs Managed Moderate Growth Fund - Class A | JNL/WCM Focused International Equity Fund - Class A |
JNL/GQG Emerging Markets Equity Fund - Class A | JNL/Westchester Capital Event Driven Fund - Class A |
JNL/Harris Oakmark Global Equity Fund - Class A | JNL/Western Asset Global Multi-Sector Bond Fund - Class A |
JNL/Heitman U.S. Focused Real Estate Fund - Class A | JNL/William Blair International Leaders Fund - Class A |
JNL/Invesco Diversified Dividend Fund - Class A | JNL/WMC Balanced Fund - Class A |
JNL/Invesco Global Growth Fund - Class A | JNL/WMC Equity Income Fund - Class A |
JNL/Invesco Small Cap Growth Fund - Class A | JNL/WMC Global Real Estate Fund - Class A |
JNL/JPMorgan Global Allocation Fund - Class A | JNL/WMC Government Money Market Fund - Class A |
JNL/JPMorgan Hedged Equity Fund - Class A | JNL/WMC Value Fund - Class A |
(1) The Fund is a Fund of Fund advised by Jackson National Asset Management, LLC (“JNAM”), an affiliate of Jackson and has no sub-adviser.
JNAM serves as investment adviser for the Funds comprising the JNL Series Trust. JNAM is a wholly-owned subsidiary of Jackson and received fees for its services from each Fund.
The following Funds were sub-advised by an affiliate of Jackson during the year: JNL/PPM America Floating Rate Income Fund, JNL/PPM America High Yield Bond Fund and JNL/PPM America Total Return Fund.
The net assets are affected by the investment results of each underlying mutual fund, and contract transactions are affected by contract owner directions and certain contract expenses. The accompanying financial statements include only contract owners’ purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits.
A contract owner may choose from a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.
Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.
A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Net Assets if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and /or if a gain is realized by the contract owner during the free look period.
JNAM allocates purchase payments to Investment Divisions as instructed by the contract owner. Shares of the Investment Divisions are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.
NOTE 2. Significant Accounting Policies
The following is a summary of significant accounting policies followed by the Separate Account in the preparation of its financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”).
Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increase and decrease in net assets from operations during the reporting period. Actual results could differ from those estimates.
70
Jackson National Separate Account V
Notes to Financial Statements
December 31, 2023
Investments. The average cost method is used in determining the cost of the shares sold on withdrawals by the Investment Divisions of the Separate Account. Investment transactions in the Funds are recorded on trade date for financial reporting purposes. Realized gain distributions and dividend income distributions received from the Funds are reinvested in additional shares of the Funds and are recorded as a gain or income to the Investment Divisions of the Separate Account on the ex-dividend date.
Federal Income Taxes. The operations of the Separate Account are taxed as part of the operations of Jackson, which is taxed as a “life insurance company” under the provisions of the Internal Revenue Code. Under current law, no federal income taxes are payable with respect to the Separate Account. Therefore, no federal income tax provision is required. Taxes are generally the responsibility of the contract owner upon termination or withdrawal.
Fair Value Measurement. As of December 31, 2023, all of the Separate Account’s Investment Divisions’ investment in each of the corresponding Funds are valued at the daily reported net asset value (“NAV”) of the applicable underlying Fund. Investments in the underlying Funds are categorized as Level 1 within FASB ASC Topic 820 fair value hierarchy. On each valuation date, the NAV of each corresponding Fund is generally determined once each day on which the New York Stock Exchange (“NYSE”) is open, at the close of the regular trading session of the NYSE (generally, 4:00 PM Eastern Time). The characterization of the underlying securities held by the Funds in accordance with FASB ASC Topic 820 differs from the characterization of the Separate Account’s Investment Divisions’ investment in the corresponding Funds. Although there can be no assurance, in general, the fair value of the investment is the amount the owner of such investment might reasonably expect to receive in an orderly transaction between market participants upon its current sale.
NOTE 3. Contract Charges
Under the term of the contracts, certain charges are allocated to the contract owner to compensate Jackson for providing the insurance benefits set forth in the contracts, administering the contracts, distributing the contracts, and assuming certain risks in connection with the contracts. These charges result in a reduction in contract unit value or redemptions of contract units.
Contract Owner Charges. The following charges are assessed to the contract owner by redemption of contract units:
Contract Maintenance Charge. An annual contract maintenance charge of $35 is charged against each contract to reimburse Jackson for expenses incurred in establishing and maintaining records relating to the contract. The contract maintenance charge is assessed on each anniversary of the contract date that occurs prior to the annuity date or in conjunction with a total withdrawal, as applicable. This charge is only imposed if the contract value is less than $50,000 on the date when the charge is assessed.
Transfer Charge. A transfer charge of $25 will apply to transfers made by contract owners between the Investment Divisions in excess of 15 transfers in a contract year. Contract year is defined as the succeeding twelve months from the contract issue date. Jackson may waive the transfer charge in connection with pre-authorized automatic transfer programs, or in those states where a lesser charge is required. This charge will be deducted from the amount transferred prior to the allocation to a different Investment Division.
Surrender or Contingent Deferred Sales Charge. During the first nine contract years, certain contracts include a provision for a charge upon the surrender or partial surrender of the contract. The amount assessed under the contract terms, if any, depends upon the cost associated with distributing the particular contract. The amount, if any, is determined based on a number of factors, including the amount withdrawn, the contract year of surrender, or the number and amount of withdrawals in a calendar year. The surrender charges are assessed by Jackson and withheld from the proceeds of the withdrawals.
Optional Benefit Charges. The following contract owner charges are optional benefit charges:
Guaranteed Minimum Withdrawal Benefit Charge. If this benefit has been selected, Jackson will assess an annual charge of 0.51% to 1.86%, depending on the contract, of the guaranteed withdrawal balance. The charge will be deducted each calendar quarter from the contract value by redemption of contract units.
Guaranteed Minimum Death Benefit Charge. If any of the optional death benefits are selected that are available under the contract, Jackson will assess an annual charge of 0.60%, depending on the contract, of the death benefit base. The charge will be deducted each contract quarter from the contract value by redemption of contract units.
Enhanced Death Benefit Charge. If this benefit has been selected, Jackson deducts an additional charge equivalent to an annual rate of 0.15% based on average account value. The charge is deducted from the contract value by a redemption of contract units.
Asset-based Charges. The following charges are assessed to the contract owner by a reduction in contract unit value:
Insurance Charges. Jackson deducts a daily charge for administrative expenses from the net assets of the Separate Account equivalent to an annual rate of 0.15%. The administration charge is designed to reimburse Jackson for administrative expenses related to the Separate Account and its contracts and reduces the contract unit value.
Jackson deducts a daily base contract charge from the net assets of the Separate Account equivalent to an annual rate of 1.35% for the assumption of mortality and expense risks. The mortality risk assumed by Jackson is that the insured may receive benefits greater than those anticipated by Jackson. The expense risk assumed by Jackson is that the actual cost of administering the contracts of the Separate Account may exceed the amount received from the administration charge and the contract maintenance charge.
71
Jackson National Separate Account V
Notes to Financial Statements
December 31, 2023
Premium Taxes. Some states and other governmental entities charge premium taxes or other similar taxes. Jackson pays these taxes and may make a deduction from the value of the contract for them. Premium taxes generally range from 0% to 3.5% of the contract value depending on the state.
NOTE 4. Related Party Transactions
For contract enhancement benefits related to the optional benefits offered, Jackson contributed $10,131 and $3,285 to the Separate Account in the form of additional premium to contract owners’ accounts for the years ended December 31, 2023 and 2022, respectively. These amounts are included in purchase payments from contract transactions.
Contract owners may, with certain restrictions, transfer their assets between the Separate Account and a fixed dollar contract (fixed account) maintained in the accounts of Jackson. These transfers are the result of the contract owner executing fund exchanges. Fund exchanges from the Separate Account to the fixed account are included in transfers between investment divisions, and fund exchanges from the fixed account to the Separate Account are included in purchase payments, as applicable, on the accompanying Statements of Changes in Net Assets.
NOTE 5. Subsequent Events
Management has evaluated subsequent events for the Separate Account through the date the financial statements were issued and has concluded there are no events that require adjustments to the financial statements or disclosure in the notes.
72
JNL Aggressive Growth Allocation Fund - Class A | ||
JNL Conservative Allocation Fund - Class A | ||
JNL Growth Allocation Fund - Class A | ||
JNL iShares Tactical Growth Fund - Class A | ||
JNL iShares Tactical Moderate Fund - Class A | ||
JNL iShares Tactical Moderate Growth Fund - Class A | ||
JNL Moderate Allocation Fund - Class A | ||
JNL Moderate Growth Allocation Fund - Class A | ||
JNL Multi-Manager Alternative Fund - Class A | ||
JNL Multi-Manager Emerging Markets Equity Fund - Class A | ||
JNL Multi-Manager Mid Cap Fund - Class A | ||
JNL Multi-Manager Small Cap Growth Fund - Class A | ||
JNL Multi-Manager Small Cap Value Fund - Class A | ||
JNL/American Funds Balanced Fund - Class A | ||
JNL/American Funds Capital Income Builder Fund - Class A | ||
JNL/American Funds Capital World Bond Fund - Class A | ||
JNL/American Funds Global Growth Fund - Class A | ||
JNL/American Funds Global Small Capitalization Fund - Class A | ||
JNL/American Funds Growth Allocation Fund - Class A | ||
JNL/American Funds Growth Fund - Class A | ||
JNL/American Funds Growth-Income Fund - Class A | ||
JNL/American Funds International Fund - Class A | ||
JNL/American Funds Moderate Growth Allocation Fund - Class A | ||
JNL/American Funds New World Fund - Class A | ||
JNL/American Funds Washington Mutual Investors Fund - Class A | ||
JNL/AQR Large Cap Defensive Style Fund - Class A | ||
JNL/Baillie Gifford International Growth Fund - Class A | ||
JNL/BlackRock Global Allocation Fund - Class A | ||
JNL/BlackRock Global Natural Resources Fund - Class A | ||
JNL/BlackRock Large Cap Select Growth Fund - Class A | ||
JNL/Causeway International Value Select Fund - Class A | ||
JNL/ClearBridge Large Cap Growth Fund - Class A | ||
JNL/DFA International Core Equity Fund - Class A | ||
JNL/DFA U.S. Core Equity Fund - Class A | ||
JNL/DFA U.S. Small Cap Fund - Class A | ||
JNL/DoubleLine Core Fixed Income Fund - Class A | ||
JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A | ||
JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A | ||
JNL/DoubleLine Total Return Fund - Class A | ||
JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A | ||
JNL/First Sentier Global Infrastructure Fund - Class A | ||
JNL/Franklin Templeton Income Fund - Class A | ||
JNL/Goldman Sachs 4 Fund - Class A | ||
JNL/Goldman Sachs Managed Aggressive Growth Fund - Class A | ||
JNL/Goldman Sachs Managed Conservative Fund - Class A | ||
JNL/Goldman Sachs Managed Growth Fund - Class A | ||
JNL/Goldman Sachs Managed Moderate Fund - Class A | ||
JNL/Goldman Sachs Managed Moderate Growth Fund - Class A | ||
JNL/GQG Emerging Markets Equity Fund - Class A | ||
JNL/Harris Oakmark Global Equity Fund - Class A | ||
JNL/Heitman U.S. Focused Real Estate Fund - Class A | ||
JNL/Invesco Diversified Dividend Fund - Class A | ||
JNL/Invesco Global Growth Fund - Class A | ||
JNL/Invesco Small Cap Growth Fund - Class A | ||
JNL/JPMorgan Global Allocation Fund - Class A | ||
JNL/JPMorgan Hedged Equity Fund - Class A | ||
JNL/JPMorgan MidCap Growth Fund - Class A | ||
JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A | ||
JNL/JPMorgan U.S. Value Fund - Class A | ||
JNL/Lazard International Strategic Equity Fund - Class A | ||
JNL/Loomis Sayles Global Growth Fund - Class A | ||
JNL/Lord Abbett Short Duration Income Fund - Class A | ||
JNL/Mellon Bond Index Fund - Class A | ||
JNL/Mellon Communication Services Sector Fund - Class A | ||
JNL/Mellon Consumer Discretionary Sector Fund - Class A | ||
JNL/Mellon Consumer Staples Sector Fund - Class A | ||
JNL/Mellon Dow Index Fund - Class A | ||
JNL/Mellon Emerging Markets Index Fund - Class A | ||
JNL/Mellon Energy Sector Fund - Class A | ||
JNL/Mellon Financial Sector Fund - Class A | ||
JNL/Mellon Healthcare Sector Fund - Class A | ||
JNL/Mellon Industrials Sector Fund - Class A | ||
JNL/Mellon Information Technology Sector Fund - Class A | ||
JNL/Mellon International Index Fund - Class A | ||
JNL/Mellon Materials Sector Fund - Class A | ||
JNL/Mellon Nasdaq® 100 Index Fund - Class A | ||
JNL/Mellon Real Estate Sector Fund - Class A | ||
JNL/Mellon S&P 400 MidCap Index Fund - Class A | ||
JNL/Mellon S&P 500 Index Fund - Class A | ||
JNL/Mellon Small Cap Index Fund - Class A | ||
JNL/Mellon U.S. Stock Market Index Fund - Class A | ||
JNL/Mellon Utilities Sector Fund - Class A | ||
JNL/Mellon World Index Fund - Class A | ||
JNL/MFS Mid Cap Value Fund - Class A | ||
JNL/Morningstar U.S. Sustainability Index Fund - Class A | ||
JNL/Morningstar Wide Moat Index Fund - Class A | ||
JNL/Neuberger Berman Strategic Income Fund - Class A | ||
JNL/Newton Equity Income Fund - Class A | ||
JNL/PIMCO Income Fund - Class A | ||
JNL/PIMCO Investment Grade Credit Bond Fund - Class A | ||
JNL/PIMCO Real Return Fund - Class A | ||
JNL/PPM America Floating Rate Income Fund - Class A | ||
JNL/PPM America High Yield Bond Fund - Class A | ||
JNL/PPM America Total Return Fund - Class A | ||
JNL/RAFI Fundamental U.S. Small Cap Fund - Class A | ||
JNL/RAFI Multi-Factor U.S. Equity Fund - Class A | ||
JNL/T. Rowe Price Balanced Fund - Class A | ||
JNL/T. Rowe Price Capital Appreciation Fund - Class A | ||
JNL/T. Rowe Price Established Growth Fund - Class A | ||
JNL/T. Rowe Price Mid-Cap Growth Fund - Class A | ||
JNL/T. Rowe Price Short-Term Bond Fund - Class A | ||
JNL/T. Rowe Price U.S. High Yield Fund - Class A | ||
JNL/T. Rowe Price Value Fund - Class A | ||
JNL/Vanguard Growth ETF Allocation Fund - Class A | ||
JNL/Vanguard Moderate ETF Allocation Fund - Class A | ||
JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A | ||
JNL/WCM Focused International Equity Fund - Class A | ||
JNL/Westchester Capital Event Driven Fund - Class A | ||
JNL/Western Asset Global Multi-Sector Bond Fund - Class A | ||
JNL/William Blair International Leaders Fund - Class A | ||
JNL/WMC Balanced Fund - Class A | ||
JNL/WMC Equity Income Fund - Class A | ||
JNL/WMC Global Real Estate Fund - Class A | ||
JNL/WMC Government Money Market Fund - Class A | ||
JNL/WMC Value Fund - Class A | ||
JNL Multi-Manager International Small Cap Fund – Class A | ||
JNL/American Funds Bond Fund of America Fund – Class A | ||
Capital and Surplus as of December 31, 2023 and 2022 | |||||
December 31, 2023, 2022, and 2021 | |||||
ended December 31, 2023, 2022, and 2021 | |||||
ended December 31, 2023, 2022, and 2021 | |||||
| December 31, | ||||||||||||||
| 2023 | 2022 | |||||||||||||
| Admitted Assets | ||||||||||||||
| Bonds | $ | 38,257,780 | $ | 44,080,473 | ||||||||||
| Preferred stocks, at statement value (cost: 2023, $202,132; 2022, $113,825) | 172,812 | 79,449 | ||||||||||||
| Common stocks - unaffiliated, at fair value (cost: 2023, $391,632; 2022, $450,764) | 384,287 | 428,001 | ||||||||||||
| Common stocks - affiliated, on equity basis (cost: 2023, $726,278; 2022, $609,179) | 721,254 | 603,128 | ||||||||||||
| Cash, cash equivalents, and short-term investments | 2,064,327 | 4,158,359 | ||||||||||||
| Mortgage loans | 10,278,312 | 11,588,720 | ||||||||||||
| Policy loans | 4,241,716 | 4,223,154 | ||||||||||||
| Limited partnership interests | 1,981,198 | 2,433,042 | ||||||||||||
| Real estate | 226,592 | 236,841 | ||||||||||||
| Derivatives | 84,816 | 832,749 | ||||||||||||
| Other invested assets | 163,941 | 258,476 | ||||||||||||
| Total cash and invested assets | 58,577,035 | 68,922,392 | ||||||||||||
| Investment income due and accrued | 585,905 | 633,062 | ||||||||||||
| Premiums deferred and uncollected | 203,084 | 234,195 | ||||||||||||
| Federal income taxes receivable | — | 128,217 | ||||||||||||
| Net deferred tax asset | 606,942 | 781,090 | ||||||||||||
| Amounts due from reinsurers | 139,989 | 224,241 | ||||||||||||
| Receivable for derivatives | 757,312 | — | ||||||||||||
| Admitted disallowed IMR | 252,977 | — | ||||||||||||
| Other admitted assets | 4,688 | 1,690 | ||||||||||||
| Separate account assets | 208,449,179 | 183,704,207 | ||||||||||||
| Total admitted assets | $ | 269,577,111 | $ | 254,629,094 | ||||||||||
| Liabilities, Capital and Surplus | ||||||||||||||
| Liabilities: | ||||||||||||||
| Aggregate reserves for life, accident and health and annuity contracts | $ | 25,250,874 | $ | 27,779,493 | ||||||||||
| Liability for deposit-type contracts | 9,011,732 | 9,691,716 | ||||||||||||
| Policy and contract claims | 760,037 | 857,769 | ||||||||||||
| Other contract liabilities | (31,727) | (31,400) | ||||||||||||
| Remittances in process | 40,834 | 29,334 | ||||||||||||
| Interest maintenance reserve | — | 218,795 | ||||||||||||
| Commissions payable and expense allowances on reinsurance assumed | 126,297 | 109,467 | ||||||||||||
| Asset valuation reserve | 489,670 | 986,974 | ||||||||||||
| Funds held under reinsurance treaties with unauthorized reinsurers | 3,628,585 | 3,588,452 | ||||||||||||
| Funds held under coinsurance | 18,856,107 | 22,550,117 | ||||||||||||
| General expenses and taxes due and accrued | 210,509 | 190,954 | ||||||||||||
| Accrued transfers to separate accounts | (4,499,524) | (5,068,709) | ||||||||||||
| Borrowed money and interest thereon | 307,618 | 62,358 | ||||||||||||
| Repurchase agreements | — | 1,011,762 | ||||||||||||
| Payable for securities lending | 13,050 | 23,316 | ||||||||||||
| Derivatives | 904,691 | 1,710,737 | ||||||||||||
| Federal income tax payable | 721 | — | ||||||||||||
| Other liabilities | 1,405,836 | 1,226,334 | ||||||||||||
| Separate account liabilities | 208,449,179 | 183,704,207 | ||||||||||||
| Total liabilities | 264,924,489 | 248,641,676 | ||||||||||||
| Capital and Surplus: | ||||||||||||||
| Capital stock (par value $1.15 per share; 50,000 shares authorized; | ||||||||||||||
| 12,000 shares issued and outstanding) | 13,800 | 13,800 | ||||||||||||
| Surplus notes | 249,817 | 249,769 | ||||||||||||
| Gross paid-in and contributed surplus | 4,631,055 | 4,781,055 | ||||||||||||
| Aggregate write-ins for special surplus funds | 252,977 | — | ||||||||||||
| Unassigned surplus | (495,027) | 942,794 | ||||||||||||
| Total capital and surplus | 4,652,622 | 5,987,418 | ||||||||||||
| Total liabilities, capital and surplus | $ | 269,577,111 | $ | 254,629,094 | ||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Income: | ||||||||||||||||||||
| Premiums and annuity considerations | $ | 13,227,578 | $ | 16,204,649 | $ | 19,845,301 | ||||||||||||||
| Considerations for supplementary contracts with life contingencies | 1,443 | 4,942 | 7,010 | |||||||||||||||||
| Net investment income | 2,854,547 | 3,259,909 | 3,491,801 | |||||||||||||||||
| Amortization of interest maintenance reserve | (732,212) | 108,459 | 182,273 | |||||||||||||||||
| Separate Accounts net gain from operations excluding unrealized gains or losses | 210,502 | 152,511 | 6,293 | |||||||||||||||||
| Commissions and expense allowances on reinsurance ceded | 54,250 | 56,511 | 67,993 | |||||||||||||||||
| Fee income | 5,465,127 | 5,451,822 | 5,555,531 | |||||||||||||||||
| Other income | 612,302 | 628,393 | 699,019 | |||||||||||||||||
| Total income | 21,693,537 | 25,867,196 | 29,855,221 | |||||||||||||||||
| Benefits and other deductions: | ||||||||||||||||||||
| Death and other benefits | 24,334,421 | 21,213,881 | 25,011,763 | |||||||||||||||||
| Increase (decrease) in aggregate reserves | (2,528,619) | 482,195 | (1,344,167) | |||||||||||||||||
| Commissions | 1,752,864 | 1,865,652 | 2,168,761 | |||||||||||||||||
| General insurance expenses | 767,894 | 637,103 | 722,125 | |||||||||||||||||
| Taxes, licenses and fees | 40,014 | 56,745 | 44,784 | |||||||||||||||||
| Amortization of value of business acquired and goodwill | — | 32,752 | 49,128 | |||||||||||||||||
| Interest on funds withheld treaties | 1,169,449 | 1,195,917 | 1,198,329 | |||||||||||||||||
| Change in loading and other | (1,551) | (156) | 289 | |||||||||||||||||
| Reinsurance on in-force business | (10,186) | (162,654) | (96,352) | |||||||||||||||||
| Reinsurance on in-force business - Athene | (109,611) | (84,818) | (77,860) | |||||||||||||||||
| Net transfers from separate accounts | (6,514,054) | (3,495,689) | (2,926,856) | |||||||||||||||||
| Total benefits and other deductions | 18,900,621 | 21,740,928 | 24,749,944 | |||||||||||||||||
| Gain from operations before federal income tax expense and net | ||||||||||||||||||||
| realized capital losses | 2,792,916 | 4,126,268 | 5,105,277 | |||||||||||||||||
| Dividends to policyholders | 8,386 | 7,674 | 8,835 | |||||||||||||||||
| Gain from operations after dividends to policyholders and before federal income taxes | 2,784,530 | 4,118,594 | 5,096,442 | |||||||||||||||||
| Federal income tax expense | 966,356 | 96,261 | 883,790 | |||||||||||||||||
| Gain from operations before net realized capital losses | 1,818,174 | 4,022,333 | 4,212,652 | |||||||||||||||||
| Net realized capital losses, less tax benefit of $545,555, $69,775, and $1,008,921 in 2023, 2022, and 2021, respectively, excluding tax benefit of $342,797 in 2023, tax benefit of $68,678 in 2022, and tax expense of $135,159 in 2021 transferred to the IMR | (1,939,868) | (334,731) | (4,076,745) | |||||||||||||||||
| Net income | $ | (121,694) | $ | 3,687,602 | $ | 135,907 | ||||||||||||||
| Surplus | |||||||||||||||||||||||||||||||||||||||||
| Capital | Surplus | Gross paid-in and | Special | ||||||||||||||||||||||||||||||||||||||
| stock | notes | contributed | Funds | Unassigned | Total | ||||||||||||||||||||||||||||||||||||
| Balances at December 31, 2020 | $ | 13,800 | $ | 249,680 | $ | 4,006,055 | $ | — | $ | 510,975 | $ | 4,780,510 | |||||||||||||||||||||||||||||
| Net income | — | 135,907 | 135,907 | ||||||||||||||||||||||||||||||||||||||
| Change in net unrealized capital gains and losses | — | — | — | — | (95,220) | (95,220) | |||||||||||||||||||||||||||||||||||
| Change in net unrealized foreign exchange capital gains and losses | — | — | — | — | 4,127 | 4,127 | |||||||||||||||||||||||||||||||||||
| Change in net deferred income tax | — | — | — | — | 148,051 | 148,051 | |||||||||||||||||||||||||||||||||||
| Change in asset valuation reserve | — | — | — | — | (44,497) | (44,497) | |||||||||||||||||||||||||||||||||||
| Change in non-admitted assets | — | — | — | — | (28,333) | (28,333) | |||||||||||||||||||||||||||||||||||
| Change in liability for reinsurance in | — | ||||||||||||||||||||||||||||||||||||||||
| unauthorized companies | — | — | — | — | (3,192) | (3,192) | |||||||||||||||||||||||||||||||||||
| Change in surplus in separate accounts | — | — | — | — | (6,293) | (6,293) | |||||||||||||||||||||||||||||||||||
| Surplus withdrawn from separate accounts | — | — | — | — | 6,293 | 6,293 | |||||||||||||||||||||||||||||||||||
| Surplus notes accretion | — | 44 | — | — | — | 44 | |||||||||||||||||||||||||||||||||||
| Change in surplus as a result of reinsurance | — | — | — | — | (174,212) | (174,212) | |||||||||||||||||||||||||||||||||||
| Paid-in surplus | — | — | 1,375,000 | — | — | 1,375,000 | |||||||||||||||||||||||||||||||||||
| Balances at December 31, 2021 | $ | 13,800 | $ | 249,724 | $ | 5,381,055 | $ | — | $ | 453,606 | $ | 6,098,185 | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 3,687,602 | 3,687,602 | |||||||||||||||||||||||||||||||||||
| Change in net unrealized capital gains and losses | — | — | — | — | (1,960,366) | (1,960,366) | |||||||||||||||||||||||||||||||||||
| Change in net deferred income tax | — | — | — | — | (529,550) | (529,550) | |||||||||||||||||||||||||||||||||||
| Change in asset valuation reserve | — | — | — | — | (472,560) | (472,560) | |||||||||||||||||||||||||||||||||||
| Change in non-admitted assets | — | — | — | — | 7,579 | 7,579 | |||||||||||||||||||||||||||||||||||
| Change in liability for reinsurance in | |||||||||||||||||||||||||||||||||||||||||
| unauthorized companies | — | — | — | — | 3,954 | 3,954 | |||||||||||||||||||||||||||||||||||
| Change in surplus in separate accounts | — | — | — | — | (152,511) | (152,511) | |||||||||||||||||||||||||||||||||||
| Surplus withdrawn from separate accounts | — | — | — | — | 152,511 | 152,511 | |||||||||||||||||||||||||||||||||||
| Surplus notes accretion | — | 45 | — | — | — | 45 | |||||||||||||||||||||||||||||||||||
| Change in surplus as a result of reinsurance | — | — | — | — | (247,471) | (247,471) | |||||||||||||||||||||||||||||||||||
| Paid-in surplus | — | — | (600,000) | — | — | (600,000) | |||||||||||||||||||||||||||||||||||
| December 31, 2022 | 13,800 | 249,769 | 4,781,055 | — | 942,794 | 5,987,418 | |||||||||||||||||||||||||||||||||||
| Net income | — | — | — | — | (121,694) | (121,694) | |||||||||||||||||||||||||||||||||||
| Change in net unrealized capital gains and losses | — | — | — | — | (652,825) | (652,825) | |||||||||||||||||||||||||||||||||||
| Change in net deferred income tax | — | — | — | — | 398,028 | 398,028 | |||||||||||||||||||||||||||||||||||
| Change in asset valuation reserve | — | — | — | — | 497,303 | 497,303 | |||||||||||||||||||||||||||||||||||
| Change in non-admitted assets | — | — | — | — | (768,985) | (768,985) | |||||||||||||||||||||||||||||||||||
| Change in liability for reinsurance in | |||||||||||||||||||||||||||||||||||||||||
| unauthorized companies | — | — | — | — | 33,126 | 33,126 | |||||||||||||||||||||||||||||||||||
| Change in surplus in separate accounts | — | — | — | — | (210,502) | (210,502) | |||||||||||||||||||||||||||||||||||
| Surplus withdrawn from separate accounts | — | — | — | — | 210,502 | 210,502 | |||||||||||||||||||||||||||||||||||
| Surplus notes accretion | — | 48 | — | — | — | 48 | |||||||||||||||||||||||||||||||||||
| Change in surplus as a result of reinsurance | — | — | — | — | (119,797) | (119,797) | |||||||||||||||||||||||||||||||||||
| Dividends to stockholders | — | — | — | — | (450,000) | (450,000) | |||||||||||||||||||||||||||||||||||
| Change in special surplus funds | — | — | — | 252,977 | (252,977) | — | |||||||||||||||||||||||||||||||||||
| Paid-in surplus | — | — | (150,000) | — | — | (150,000) | |||||||||||||||||||||||||||||||||||
| Balances at December 31, 2023 | $ | 13,800 | $ | 249,817 | $ | 4,631,055 | $ | 252,977 | $ | (495,027) | $ | 4,652,622 | |||||||||||||||||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Cash from operations: | ||||||||||||||||||||
| Operating receipts: | ||||||||||||||||||||
| Premiums and annuity considerations | $ | 13,259,779 | $ | 16,199,182 | $ | 19,748,533 | ||||||||||||||
| Net investment income | 2,489,559 | 2,775,799 | 2,571,941 | |||||||||||||||||
| Other | 6,118,652 | 6,134,568 | 6,296,909 | |||||||||||||||||
| Total cash received from operations | 21,867,990 | 25,109,549 | 28,617,383 | |||||||||||||||||
| Operating disbursements: | ||||||||||||||||||||
| Benefit payments | 24,164,287 | 20,952,875 | 24,450,073 | |||||||||||||||||
| Commissions, general expenses and taxes | 2,951,813 | 2,529,558 | 2,828,019 | |||||||||||||||||
| Net transfers to separate accounts | (6,861,123) | (3,906,152) | (2,734,870) | |||||||||||||||||
| Federal income taxes | (22,120) | (11,679) | (396,456) | |||||||||||||||||
| Total cash disbursed from operations | 20,232,857 | 19,564,602 | 24,146,766 | |||||||||||||||||
| Net cash from operations | 1,635,133 | 5,544,947 | 4,470,617 | |||||||||||||||||
| Cash from investments: | ||||||||||||||||||||
| Proceeds from investments sold, matured, or repaid: | ||||||||||||||||||||
| Bonds | 7,790,462 | 10,958,764 | 18,659,461 | |||||||||||||||||
| Stocks | 239,491 | 44,234 | 35,144 | |||||||||||||||||
| Mortgage loans | 2,077,633 | 1,682,161 | 1,739,701 | |||||||||||||||||
| Real estate | 4,419 | 200 | 1,397 | |||||||||||||||||
| Limited partnerships and other invested assets | (1,555,962) | 3,823,308 | (2,006,481) | |||||||||||||||||
| Total investment proceeds | 8,556,043 | 16,508,667 | 18,429,222 | |||||||||||||||||
| Cost of investments acquired: | ||||||||||||||||||||
| Bonds | 2,828,856 | 7,850,163 | 13,216,280 | |||||||||||||||||
| Stocks | 195,331 | 219,890 | 122,894 | |||||||||||||||||
| Mortgage loans | 837,867 | 1,750,467 | 2,415,893 | |||||||||||||||||
| Real estate | 2,263 | 1,800 | 1,280 | |||||||||||||||||
| Limited partnerships and other invested assets | 2,352,696 | 4,362,433 | 3,598,286 | |||||||||||||||||
| Total investments acquired | 6,217,013 | 14,184,753 | 19,354,633 | |||||||||||||||||
| Net (increase) decrease in policy loans | (18,278) | 126,933 | 46,782 | |||||||||||||||||
| Net cash from (used in) investments | 2,320,752 | 2,450,847 | (878,629) | |||||||||||||||||
| Cash from financing and miscellaneous sources: | ||||||||||||||||||||
| Cash provided (applied): | ||||||||||||||||||||
| Paid in surplus | (150,000) | (600,000) | 1,375,000 | |||||||||||||||||
| Borrowed funds | 244,961 | (5,039) | (385,040) | |||||||||||||||||
| Net deposits on deposit-type contracts | (1,143,229) | (113,792) | (2,585,805) | |||||||||||||||||
| Other | (4,551,649) | (4,170,118) | (2,189,275) | |||||||||||||||||
| Net cash used in financing and miscellaneous sources | (6,049,917) | (4,888,949) | (3,785,120) | |||||||||||||||||
| Net change in cash, cash equivalents and short-term investments | (2,094,032) | 3,106,845 | (193,132) | |||||||||||||||||
| Cash, cash equivalents and short-term investments at beginning of year | 4,158,359 | 1,051,514 | 1,244,646 | |||||||||||||||||
| Cash, cash equivalents and short-term investments at end of year | $ | 2,064,327 | $ | 4,158,359 | $ | 1,051,514 | ||||||||||||||
| Cash flow information for non-cash transactions: | ||||||||||||||||||||
| Debt and equity securities acquired from exchange transactions | $ | 446,817 | $ | 402,464 | $ | — | ||||||||||||||
| Debt and equity securities disposed from exchange transactions | $ | 437,006 | $ | — | $ | — | ||||||||||||||
| Transfer of debt securities for other invested assets | $ | — | $ | 104,427 | $ | 457,657 | ||||||||||||||
| Non-cash financial assets acquired from subsidiary | $ | — | $ | 80,370 | $ | — | ||||||||||||||
| Non-cash exchange of financial assets with parent | $ | — | $ | 24,582 | $ | — | ||||||||||||||
| Non-cash financial assets transferred to subsidiary | $ | 8,156 | $ | 14,412 | $ | — | ||||||||||||||
| Non-cash financial assets transferred to separate account | $ | 222,116 | $ | — | $ | — | ||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Net income (loss), as stated herein | $ | (121.7) | $ | 3,687.6 | $ | 135.9 | ||||||||||||||
| Adjustments - prescribed practices: | ||||||||||||||||||||
| Valuation of Life Insurance Policies Model Regulation (XXX): | ||||||||||||||||||||
| Decrease in aggregate reserves for life and accident | ||||||||||||||||||||
| and health policies and contracts | 0.4 | 0.8 | 0.2 | |||||||||||||||||
| Actuarial Guideline 35: | ||||||||||||||||||||
| Decrease/(increase) in aggregate reserves for life and | ||||||||||||||||||||
| accident and health policies and contracts | (11.1) | 3.8 | (29.5) | |||||||||||||||||
| Amortization of value of business acquired | — | 32.8 | 49.1 | |||||||||||||||||
| Prescribed practices adjustment | (10.7) | 37.4 | 19.8 | |||||||||||||||||
| Tax effect of prescribed practice differences | — | — | 6.2 | |||||||||||||||||
| Net income, NAIC SAP | $ | (132.4) | $ | 3,725.0 | $ | 161.9 | ||||||||||||||
| December 31, | |||||||||||||||||
| 2023 | 2022 | ||||||||||||||||
| Statutory Capital and Surplus, as stated herein | $ | 4,652.6 | $ | 5,987.4 | |||||||||||||
| Adjustments - prescribed practices: | |||||||||||||||||
| Aggregate reserve for life policies and contracts | |||||||||||||||||
| Valuation of Life Insurance Policies Model Regulation (XXX): | |||||||||||||||||
| Reserve per Michigan basis | 6.1 | 6.4 | |||||||||||||||
| Reserve per NAIC SAP | 16.0 | 16.7 | |||||||||||||||
| Model Regulation (XXX) adjustment | (9.9) | (10.3) | |||||||||||||||
| Actuarial Guideline 35: | |||||||||||||||||
| Reserve per Michigan basis | 437.9 | 293.2 | |||||||||||||||
| Reserve per NAIC SAP | 475.2 | 319.4 | |||||||||||||||
| Actuarial Guideline 35 adjustment | (37.3) | (26.2) | |||||||||||||||
| Tax effect of prescribed practice differences | 2.6 | 4.2 | |||||||||||||||
| Net impact of prescribed practices | (44.6) | (32.3) | |||||||||||||||
| Statutory capital and surplus, NAIC SAP | $ | 4,608.0 | $ | 5,955.1 | |||||||||||||
| December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Membership Stock - Class A | $ | — | $ | — | |||||||
| Membership Stock - Class B | 5,000 | 5,000 | |||||||||
| Activity Stock | 96,338 | 87,800 | |||||||||
| Excess Stock | 6,680 | 53,664 | |||||||||
| Aggregate Total | $ | 108,019 | $ | 146,464 | |||||||
| Actual or estimated borrowing capacity as determined by the insurer | $ | 2,400,413 | $ | 3,254,764 | |||||||
| Eligible for Redemption | ||||||||||||||||||||
| Not Eligible | Less | 6 Months | 1 to Less | |||||||||||||||||
| Membership | Current Year | For | Than | to Less Than | Than | 3 to 5 | ||||||||||||||
| Stock | Total | Redemption | 6 Months | 1 Year | 3 Years | Years | ||||||||||||||
| Class A | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||
| Class B | 5,000 | — | — | — | — | 5,000 | ||||||||||||||
| Total Stock | $ | 5,000 | $ | — | $ | — | $ | — | $ | — | $ | 5,000 | ||||||||
| Collateral Pledged to FHLB | |||||||||||
| Fair Value | Carrying Value | Aggregate Total Borrowing | |||||||||
| December 31, 2023 | $ | 3,284,330 | $ | 3,525,096 | $ | 2,251,959 | |||||
| December 31, 2022 | $ | 2,904,495 | $ | 3,172,535 | $ | 2,062,224 | |||||
| Maximum Amount Pledged During Reporting Period | |||||||||||
| Aggregate Total | |||||||||||
| Fair Value | Carrying Value | Borrowing | |||||||||
| Period ended December 31, 2023 | $ | 4,030,626 | $ | 4,350,767 | $ | 2,807,974 | |||||
| Period ended December 31, 2022 | $ | 3,781,315 | $ | 3,831,594 | $ | 2,563,013 | |||||
| General Account | Funding Agreements Reserves Established | |||||||
| December 31, 2023 | ||||||||
| (a) Debt | ||||||||
| Short-term | $ | 250,000 | XXX | |||||
| Long-term | 57,184 | XXX | ||||||
| (b) Funding Agreements | 1,944,775 | 1,944,775 | ||||||
| (d) Aggregate Total (a+b+c) | $ | 2,251,959 | $ | 1,944,775 | ||||
| December 31, 2022 | ||||||||
| (a) Debt | ||||||||
| Short-term | $ | — | XXX | |||||
| Long-term | 62,224 | XXX | ||||||
| (b) Funding Agreements | 2,000,000 | 2,000,000 | ||||||
| (d) Aggregate Total (a+b+c) | $ | 2,062,224 | $ | 2,000,000 | ||||
| General Account | |||||
| Debt | $ | 57,974 | |||
| Funding Agreements | 2,750,000 | ||||
| Aggregate Total | $ | 2,807,974 | |||
| Capital and surplus of most recently filed statement | $ | 3,988,895 | |||||||||
| Less: | |||||||||||
| Goodwill | — | ||||||||||
| EDP equipment and operating system software | (248) | ||||||||||
| Net deferred tax asset | (520,698) | ||||||||||
| Admitted net negative disallowed IMR | — | ||||||||||
| Adjusted capital & surplus | $ | 3,467,949 | |||||||||
| Net negative (disallowed IMR) | Negative IMR admitted | Percentage of adjusted capital and surplus | |||||||||
| General account | $ | 252,977 | $ | 252,977 | 7.3 | % | |||||
| Insulated separate account | — | — | — | % | |||||||
| Non-insulated separate account | 5,555 | 5,555 | 0.2 | % | |||||||
| $ | 258,532 | $ | 258,532 | 7.5 | % | ||||||
| December 31, 2023 balance of: | ||||||||
| Description | Unamortized gain | Unamortized loss | ||||||
| Swaps | $ | 24 | $ | (332,907) | ||||
| Options | 46,317 | — | ||||||
| Interest rate futures | 46,889 | (52,015) | ||||||
| $ | 93,230 | $ | (384,922) | |||||
| Interest Income Due and Accrued | Amount | |||||||
| 1. Gross | $ | 587,242 | ||||||
| 2. Nonadmitted | $ | 1,337 | ||||||
| 3. Admitted | $ | 585,905 | ||||||
| December 31, 2023 | |||||||||||||||||||||||||||||
| Net Asset | |||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Value (NAV) | Total | |||||||||||||||||||||||||
| Assets at fair value: | |||||||||||||||||||||||||||||
| Bonds: | |||||||||||||||||||||||||||||
| Corporate | $ | — | $ | 2,036 | $ | 947 | $ | — | $ | 2,983 | |||||||||||||||||||
| Residential mortgage-backed securities | — | 15 | — | — | 15 | ||||||||||||||||||||||||
| Other asset backed securities | — | 1,306 | — | — | 1,306 | ||||||||||||||||||||||||
| Preferred stock | — | 172,812 | — | — | 172,812 | ||||||||||||||||||||||||
| Common stock | 290,064 | 93,094 | 1,129 | — | 384,287 | ||||||||||||||||||||||||
| Subtotal | 290,064 | 269,263 | 2,076 | — | 561,403 | ||||||||||||||||||||||||
| Limited partnership interests | — | — | 7,278 | 1,939,235 | 1,946,513 | ||||||||||||||||||||||||
| Other invested assets | — | — | 8,398 | — | 8,398 | ||||||||||||||||||||||||
| Derivatives | — | 84,816 | — | — | 84,816 | ||||||||||||||||||||||||
| Separate account assets | — | 203,784,653 | — | — | 203,784,653 | ||||||||||||||||||||||||
| Total assets at fair value | $ | 290,064 | $ | 204,138,732 | $ | 17,752 | $ | 1,939,235 | $ | 206,385,783 | |||||||||||||||||||
| Liabilities at fair value: | |||||||||||||||||||||||||||||
| Derivatives | $ | — | $ | 904,691 | $ | — | $ | — | $ | 904,691 | |||||||||||||||||||
| Total liabilities at fair value | $ | — | $ | 904,691 | $ | — | $ | — | $ | 904,691 | |||||||||||||||||||
| December 31, 2022 | |||||||||||||||||||||||||||||
| Net Asset | |||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Value (NAV) | Total | |||||||||||||||||||||||||
| Assets at fair value: | |||||||||||||||||||||||||||||
| Bonds: | |||||||||||||||||||||||||||||
| Corporate | $ | — | $ | 2,619 | $ | — | $ | — | $ | 2,619 | |||||||||||||||||||
| Residential mortgage-backed securities | — | 28 | — | — | 28 | ||||||||||||||||||||||||
| Preferred stock | 12,565 | 64,466 | — | — | 77,031 | ||||||||||||||||||||||||
| Common stock | 296,656 | 130,392 | 953 | — | 428,001 | ||||||||||||||||||||||||
| Subtotal | 309,221 | 197,505 | 953 | — | 507,679 | ||||||||||||||||||||||||
| Limited partnership interests | — | — | 14,375 | 2,418,667 | 2,433,042 | ||||||||||||||||||||||||
| Other invested assets | — | 21,676 | — | — | 21,676 | ||||||||||||||||||||||||
| Derivatives | — | 832,749 | — | — | 832,749 | ||||||||||||||||||||||||
| Separate account assets | 181,957,315 | $ | 181,957,315 | ||||||||||||||||||||||||||
| Total assets at fair value | $ | 309,221 | $ | 183,009,245 | $ | 15,328 | $ | 2,418,667 | $ | 185,752,461 | |||||||||||||||||||
| Liabilities at fair value: | |||||||||||||||||||||||||||||
| Derivatives | $ | — | $ | 1,710,737 | $ | — | $ | — | $ | 1,710,737 | |||||||||||||||||||
| Total liabilities at fair value | $ | — | $ | 1,710,737 | $ | — | $ | — | $ | 1,710,737 | |||||||||||||||||||
| Total gains | Purchases, | ||||||||||||||||||||||
| Balance | and (losses) | Total gains | issuances, | Balance | |||||||||||||||||||
| as of | Transfers | Transfers | included in | and (losses) | sales | as of | |||||||||||||||||
| January 1, | in | out | net | included in | and | December 31, | |||||||||||||||||
| 2023 | Level 3 | Level 3 | income | surplus | settlements | 2023 | |||||||||||||||||
| Assets | |||||||||||||||||||||||
| Corporate bonds | $ | — | $ | 947 | $ | — | $ | — | $ | — | $ | — | $ | 947 | |||||||||
| Common stock | 953 | — | (2) | — | 178 | — | 1,129 | ||||||||||||||||
| Limited partnerships | 14,375 | — | (8,455) | — | 1,358 | — | 7,278 | ||||||||||||||||
| Other invested assets | — | 24,915 | (16,197) | — | 514 | (834) | 8,398 | ||||||||||||||||
| Total gains | Purchases, | ||||||||||||||||||||||
| Balance | and (losses) | Total gains | issuances, | Balance | |||||||||||||||||||
| as of | Transfers | Transfers | included in | and (losses) | sales | as of | |||||||||||||||||
| January 1, | in | out | net | included in | and | December 31, | |||||||||||||||||
| 2022 | Level 3 | Level 3 | income | surplus | settlements | 2022 | |||||||||||||||||
| Assets | |||||||||||||||||||||||
| Common stock | $ | 1,186 | $ | — | $ | — | $ | (235) | $ | — | $ | 2 | $ | 953 | |||||||||
| Limited partnerships | 723 | 14,546 | — | 4,452 | (5,346) | — | 14,375 | ||||||||||||||||
| December 31, 2023 | |||||||||||||||||
| Purchases | Sales | Issuances | Settlements | Total | |||||||||||||
| Assets | |||||||||||||||||
| Other invested assets | $ | — | $ | (834) | $ | — | $ | — | $ | (834) | |||||||
| Total | $ | — | $ | (834) | $ | — | $ | — | $ | (834) | |||||||
| December 31, 2022 | |||||||||||||||||
| Assets | |||||||||||||||||
| Common stock | $ | 2 | $ | — | $ | — | $ | — | $ | 2 | |||||||
| Total | $ | 2 | $ | — | $ | — | $ | — | $ | 2 | |||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||||||||
| Description | Fair Value | Admitted Value | Level 1 | Level 2 | Level 3 | NAV | ||||||||||||||||||||||||||||||||
| Assets at fair value: | ||||||||||||||||||||||||||||||||||||||
| Bonds | $ | 34,250,549 | $ | 38,257,780 | $ | 3,432,736 | $ | 29,624,623 | $ | 1,193,190 | $ | — | ||||||||||||||||||||||||||
| Preferred stock | 172,812 | 172,812 | — | 172,812 | — | — | ||||||||||||||||||||||||||||||||
| Common stock | 384,287 | 384,287 | 290,064 | 93,094 | 1,129 | — | ||||||||||||||||||||||||||||||||
| Mortgage loans | 9,547,811 | 10,278,312 | — | — | 9,547,811 | — | ||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 945,915 | 945,915 | 945,915 | — | — | — | ||||||||||||||||||||||||||||||||
| Short-term investments | 1,118,835 | 1,118,412 | 841,967 | 276,868 | — | — | ||||||||||||||||||||||||||||||||
| Policy loans | 4,241,716 | 4,241,716 | — | — | 4,241,716 | — | ||||||||||||||||||||||||||||||||
| Derivatives | 84,816 | 84,816 | — | 84,816 | — | — | ||||||||||||||||||||||||||||||||
| Limited partnership interests | 1,946,513 | 1,981,198 | — | — | 7,278 | 1,939,235 | ||||||||||||||||||||||||||||||||
| Other invested assets | 34,685 | 32,906 | — | — | 34,685 | — | ||||||||||||||||||||||||||||||||
| Securities lending assets | 13,050 | 13,050 | 13,050 | — | — | — | ||||||||||||||||||||||||||||||||
| Separate account assets | 208,478,267 | 208,449,179 | — | 208,478,267 | — | — | ||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | 261,219,256 | $ | 265,960,383 | $ | 5,523,732 | $ | 238,730,480 | $ | 15,025,809 | $ | 1,939,235 | ||||||||||||||||||||||||||
| Liabilities at fair value: | ||||||||||||||||||||||||||||||||||||||
Reserves for life insurance and annuities (1) | $ | 15,890,306 | $ | 14,339,825 | $ | — | $ | 73,517 | $ | 15,816,789 | $ | — | ||||||||||||||||||||||||||
| Liability for deposit-type contracts | 8,592,897 | 9,011,732 | — | — | 8,592,897 | — | ||||||||||||||||||||||||||||||||
| Payable for securities lending | 13,050 | 13,050 | — | 13,050 | — | — | ||||||||||||||||||||||||||||||||
| Funds held under reinsurance treaties with unauthorized reinsurers | 3,625,564 | 3,628,585 | — | — | 3,625,564 | — | ||||||||||||||||||||||||||||||||
| Funds held under coinsurance | 16,606,120 | 18,856,107 | — | — | 16,606,120 | |||||||||||||||||||||||||||||||||
| Separate account liabilities | 208,479,580 | 208,449,179 | — | 208,479,580 | — | — | ||||||||||||||||||||||||||||||||
| Repurchase agreements | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Derivatives | 904,691 | 904,691 | 904,691 | — | — | |||||||||||||||||||||||||||||||||
| Borrowed money and interest thereon | 307,618 | 307,618 | — | 307,618 | — | — | ||||||||||||||||||||||||||||||||
| Total liabilities at fair value | $ | 254,419,826 | $ | 255,510,787 | $ | — | $ | 209,778,456 | $ | 44,641,370 | $ | — | ||||||||||||||||||||||||||
(1) Annuity reserves represent only the components of deposits on investment contracts that are considered to be financial instruments. | ||||||||||||||||||||||||||||||||||||||
| December 31, 2022 | ||||||||||||||||||||||||||||||||||||||
| Description | Fair Value | Admitted Value | Level 1 | Level 2 | Level 3 | NAV | ||||||||||||||||||||||||||||||||
| Assets at fair value: | ||||||||||||||||||||||||||||||||||||||
| Bonds | $ | 38,390,527 | $ | 44,080,473 | $ | 3,444,261 | $ | 34,946,224 | $ | 42 | $ | — | ||||||||||||||||||||||||||
| Preferred stock | 77,031 | 79,449 | 12,565 | 64,466 | — | — | ||||||||||||||||||||||||||||||||
| Common stock | 428,001 | 428,001 | 296,656 | 130,392 | 953 | — | ||||||||||||||||||||||||||||||||
| Mortgage loans | 10,783,562 | 11,588,720 | — | — | 10,783,562 | — | ||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,903,130 | 2,902,437 | 2,903,130 | — | — | — | ||||||||||||||||||||||||||||||||
| Short-term investments | 1,255,229 | 1,255,922 | 1,255,229 | — | — | — | ||||||||||||||||||||||||||||||||
| Policy loans | 4,223,154 | 4,223,154 | — | — | 4,223,154 | — | ||||||||||||||||||||||||||||||||
| Derivatives | 832,749 | 832,749 | — | 832,749 | — | — | ||||||||||||||||||||||||||||||||
| Limited partnership interests | 2,433,042 | 2,433,042 | — | — | 14,375 | 2,418,667 | ||||||||||||||||||||||||||||||||
| Other invested assets | 42,996 | 42,275 | — | 42,996 | — | — | ||||||||||||||||||||||||||||||||
| Securities lending assets | 23,316 | 23,316 | 23,316 | — | — | — | ||||||||||||||||||||||||||||||||
| Separate account assets | 183,630,877 | 183,704,207 | — | 183,630,877 | — | — | ||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | 245,023,614 | $ | 251,593,745 | $ | 7,935,157 | $ | 219,647,704 | $ | 15,022,086 | $ | 2,418,667 | ||||||||||||||||||||||||||
| Liabilities at fair value: | ||||||||||||||||||||||||||||||||||||||
Reserves for life insurance and annuities (1) | $ | 15,023,924 | $ | 16,540,478 | $ | — | $ | 54,046 | $ | 14,969,878 | $ | — | ||||||||||||||||||||||||||
| Liability for deposit-type contracts | 9,438,847 | 9,691,716 | — | 9,438,847 | — | |||||||||||||||||||||||||||||||||
| Payable for securities lending | 23,316 | 23,316 | — | 23,316 | — | — | ||||||||||||||||||||||||||||||||
| Funds held under reinsurance treaties with unauthorized reinsurers | 3,590,479 | 3,588,452 | — | 3,590,479 | — | |||||||||||||||||||||||||||||||||
| Funds held under coinsurance | 19,700,416 | 22,550,117 | — | — | 19,700,416 | — | ||||||||||||||||||||||||||||||||
| Separate account liabilities | 183,609,783 | 183,704,207 | — | 183,609,783 | — | — | ||||||||||||||||||||||||||||||||
| Repurchase agreements | 1,011,762 | 1,011,762 | — | 1,011,762 | — | — | ||||||||||||||||||||||||||||||||
| Derivatives | 1,710,737 | 1,710,737 | — | 1,710,737 | — | — | ||||||||||||||||||||||||||||||||
| Borrowed money and interest thereon | 62,358 | 62,358 | — | 62,358 | — | — | ||||||||||||||||||||||||||||||||
| Total liabilities at fair value | $ | 234,171,622 | $ | 238,883,143 | $ | — | $ | 186,472,002 | $ | 47,699,620 | $ | — | ||||||||||||||||||||||||||
(1) Annuity reserves represent only the components of deposits on investment contracts that are considered to be financial instruments. | ||||||||||||||||||||||||||||||||||||||
| December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Government | $ | 848,440 | $ | 954,998 | |||||||
| Special revenue | 25,373 | 25,412 | |||||||||
| Industrial and miscellaneous | 9,671,764 | 10,787,771 | |||||||||
| Residential mortgage-backed | 138,430 | 218,734 | |||||||||
| Commercial mortgage-backed | 404,806 | 508,996 | |||||||||
| Other asset-backed | 2,801,727 | 4,158,327 | |||||||||
| Debt Securities | 13,890,540 | 16,654,238 | |||||||||
| Common stocks | 178 | — | |||||||||
| Preferred stocks | 150,870 | 79,449 | |||||||||
| Equity securities | 151,048 | 79,449 | |||||||||
| Limited partnerships | 709,494 | 793,085 | |||||||||
| Other invested assets | — | 10,676 | |||||||||
| Commercial mortgage loans | 2,569,815 | 3,406,362 | |||||||||
| Residential mortgage loans | 1,012,728 | 1,314,861 | |||||||||
| Mortgage loans | 3,582,543 | 4,721,223 | |||||||||
| Policy loans | 3,470,648 | 3,434,759 | |||||||||
| Cross currency swaps | 13,288 | 21,717 | |||||||||
| Cross currency forwards | 1,706 | 56,631 | |||||||||
| Derivative instruments, net | 14,994 | 78,348 | |||||||||
| Cash, cash equivalents and short-term | 549,005 | 288,346 | |||||||||
| Accrued investment income | 147,890 | 168,113 | |||||||||
| Other assets and liabilities, net | (31,470) | (89,668) | |||||||||
| Total funds withheld assets | $ | 22,484,692 | $ | 26,138,569 | |||||||
| Cost or | Gross | Gross | Estimated | Book/Adjusted | ||||||||||||||||||||||||||||
| Amortized | Unrealized | Unrealized | Fair | Carrying | ||||||||||||||||||||||||||||
| December 31, 2023 | Cost | Gains | Losses | Value | Value | |||||||||||||||||||||||||||
| Governments | $ | 6,493,828 | $ | 22,843 | $ | 966,706 | $ | 5,549,965 | $ | 6,493,804 | ||||||||||||||||||||||
| Special revenue and special assessment | 133,131 | 379 | 9,002 | 124,508 | 133,131 | |||||||||||||||||||||||||||
| Industrial and miscellaneous | 26,689,280 | 190,367 | 2,857,844 | 24,021,803 | 26,647,901 | |||||||||||||||||||||||||||
| Residential mortgage-backed | 357,560 | 25,959 | 33,510 | 350,009 | 357,340 | |||||||||||||||||||||||||||
| Commercial mortgage-backed | 1,376,755 | 432 | 137,822 | 1,239,365 | 1,376,755 | |||||||||||||||||||||||||||
| Other asset-backed | 4,382,641 | 3,017 | 301,924 | 4,083,734 | 4,367,261 | |||||||||||||||||||||||||||
| Total debt securities | 39,433,195 | 242,997 | 4,306,808 | 35,369,384 | 39,376,192 | |||||||||||||||||||||||||||
| Common and preferred stock | 593,764 | 2,784 | 39,449 | 557,099 | 557,099 | |||||||||||||||||||||||||||
| Total securities | $ | 40,026,959 | $ | 245,781 | $ | 4,346,257 | $ | 35,926,483 | $ | 39,933,291 | ||||||||||||||||||||||
| Total debt securities are reported on the balance sheet as: | ||||||||||||||||||||||||||||||||
| Bonds | $ | 38,257,780 | ||||||||||||||||||||||||||||||
| Cash, cash equivalents and short-term investments | 1,118,412 | |||||||||||||||||||||||||||||||
| $ | 39,376,192 | |||||||||||||||||||||||||||||||
| Cost or | Gross | Gross | Estimated | Book/Adjusted | ||||||||||||||||||||||||||||
| Amortized | Unrealized | Unrealized | Fair | Carrying | ||||||||||||||||||||||||||||
| December 31, 2022 | Cost | Gains | Losses | Value | Value | |||||||||||||||||||||||||||
| Governments | $ | 7,171,582 | $ | 20,392 | $ | 1,165,358 | $ | 6,026,617 | $ | 7,171,582 | ||||||||||||||||||||||
| Special revenue and special assessment | 139,219 | 3,722 | 4,281 | 138,660 | 139,219 | |||||||||||||||||||||||||||
| Industrial and miscellaneous | 30,048,935 | 127,184 | 4,098,367 | 26,077,753 | 29,970,210 | |||||||||||||||||||||||||||
| Residential mortgage-backed | 456,295 | 31,814 | 50,593 | 437,517 | 456,287 | |||||||||||||||||||||||||||
| Commercial mortgage-backed | 1,651,354 | 166 | 171,259 | 1,480,261 | 1,651,354 | |||||||||||||||||||||||||||
| Other asset-backed | 5,964,915 | 14,884 | 494,850 | 5,484,949 | 5,947,743 | |||||||||||||||||||||||||||
| Total debt securities | 45,432,300 | 198,162 | 5,984,708 | 39,645,755 | 45,336,395 | |||||||||||||||||||||||||||
| Common and preferred stock | 564,589 | 396 | 59,953 | 505,032 | 507,450 | |||||||||||||||||||||||||||
| Total securities | $ | 45,996,889 | $ | 198,559 | $ | 6,044,661 | $ | 40,150,788 | $ | 45,843,847 | ||||||||||||||||||||||
| Total debt securities are reported on the balance sheet as: | ||||||||||||||||||||||||||||||||
| Bonds | $ | 44,080,473 | ||||||||||||||||||||||||||||||
| Cash, Cash equivalents and short-term investments | 1,255,922 | |||||||||||||||||||||||||||||||
| $ | 45,336,395 | |||||||||||||||||||||||||||||||
| Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||||||||||||||||
| Gross | Estimated | Gross | Estimated | Gross | Estimated | |||||||||||||||||||||||||||||||||
| Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | |||||||||||||||||||||||||||||||||
| December 31, 2023 | Losses | Value | Losses | Value | Losses | Value | ||||||||||||||||||||||||||||||||
| Governments | $ | 61,969 | $ | 607,028 | $ | 904,737 | $ | 3,497,944 | $ | 966,706 | $ | 4,104,972 | ||||||||||||||||||||||||||
| Special revenue | 10 | 5,666 | 8,992 | 105,429 | 9,002 | 111,095 | ||||||||||||||||||||||||||||||||
| Industrial and miscellaneous | 31,120 | 1,035,398 | 2,826,724 | 19,462,684 | 2,857,844 | 20,498,082 | ||||||||||||||||||||||||||||||||
| Residential mortgage-backed | 866 | 38,413 | 32,644 | 217,683 | 33,510 | 256,096 | ||||||||||||||||||||||||||||||||
| Commercial mortgage-backed | 211 | 11,593 | 137,611 | 1,194,753 | 137,822 | 1,206,346 | ||||||||||||||||||||||||||||||||
| Other asset-backed | 26,210 | 554,923 | 275,714 | 3,108,100 | 301,924 | 3,663,023 | ||||||||||||||||||||||||||||||||
| Total debt securities | 120,386 | 2,253,021 | 4,186,422 | 27,586,593 | 4,306,808 | 29,839,614 | ||||||||||||||||||||||||||||||||
| Common and preferred stock | 9,165 | 90,897 | 30,284 | 123,412 | 39,449 | 214,309 | ||||||||||||||||||||||||||||||||
| Total temporarily impaired | ||||||||||||||||||||||||||||||||||||||
| securities | $ | 129,551 | $ | 2,343,918 | $ | 4,216,706 | $ | 27,710,005 | $ | 4,346,257 | $ | 30,053,923 | ||||||||||||||||||||||||||
| Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||||||||||||||||
| Gross | Estimated | Gross | Estimated | Gross | Estimated | |||||||||||||||||||||||||||||||||
| Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | |||||||||||||||||||||||||||||||||
| December 31, 2022 | Losses | Value | Losses | Value | Losses | Value | ||||||||||||||||||||||||||||||||
| Governments | $ | 411,885 | $ | 3,566,336 | $ | 753,474 | $ | 1,682,488 | $ | 1,165,359 | $ | 5,248,824 | ||||||||||||||||||||||||||
| Special revenue | 4,281 | 56,916 | — | — | 4,281 | 56,916 | ||||||||||||||||||||||||||||||||
| Industrial and miscellaneous | 2,362,173 | 19,156,031 | 1,736,194 | 4,857,204 | 4,098,367 | 24,013,235 | ||||||||||||||||||||||||||||||||
| Residential mortgage-backed | 36,865 | 260,908 | 13,727 | 67,293 | 50,592 | 328,201 | ||||||||||||||||||||||||||||||||
| Commercial mortgage-backed | 126,937 | 1,283,619 | 44,322 | 185,899 | 171,259 | 1,469,518 | ||||||||||||||||||||||||||||||||
| Other asset-backed | 275,962 | 3,406,918 | 218,888 | 1,544,869 | 494,850 | 4,951,787 | ||||||||||||||||||||||||||||||||
| Total debt securities | 3,218,103 | 27,730,728 | 2,766,605 | 8,337,753 | 5,984,708 | 36,068,481 | ||||||||||||||||||||||||||||||||
| Common and preferred stock | 44,562 | 147,781 | 15,390 | 54,581 | 59,952 | 202,362 | ||||||||||||||||||||||||||||||||
| Total temporarily impaired | ||||||||||||||||||||||||||||||||||||||
| securities | $ | 3,262,665 | $ | 27,878,509 | $ | 2,781,995 | $ | 8,392,334 | $ | 6,044,660 | $ | 36,270,843 | ||||||||||||||||||||||||||
| Gross | Gross | Estimated | Book/Adjusted | |||||||||||||||||||||||||||||
| Amortized | Unrealized | Unrealized | Fair | Carrying | ||||||||||||||||||||||||||||
| December 31, 2023 | Cost | Gains | Losses | Value | Value | |||||||||||||||||||||||||||
| Prime | $ | 148,373 | $ | 1,856 | $ | 18,131 | $ | 132,098 | $ | 148,153 | ||||||||||||||||||||||
| Alt-A | 37,036 | 17,914 | 2,649 | 52,301 | 37,036 | |||||||||||||||||||||||||||
| Subprime | 4,692 | 4,297 | 114 | 8,875 | 4,692 | |||||||||||||||||||||||||||
| Total non-agency RMBS | $ | 190,101 | $ | 24,067 | $ | 20,894 | $ | 193,274 | $ | 189,881 | ||||||||||||||||||||||
| Gross | Gross | Estimated | Book/Adjusted | |||||||||||||||||||||||||||||
| Amortized | Unrealized | Unrealized | Fair | Carrying | ||||||||||||||||||||||||||||
| December 31, 2022 | Cost | Gains | Losses | Value | Value | |||||||||||||||||||||||||||
| Prime | $ | 186,727 | $ | 4,135 | $ | 28,890 | $ | 161,972 | $ | 186,727 | ||||||||||||||||||||||
| Alt-A | 64,611 | 18,240 | 4,418 | 78,433 | 64,603 | |||||||||||||||||||||||||||
| Subprime | 25,205 | 9,142 | 275 | 34,072 | 25,205 | |||||||||||||||||||||||||||
| Total non-agency RMBS | $ | 276,543 | $ | 31,517 | $ | 33,583 | $ | 274,477 | $ | 276,535 | ||||||||||||||||||||||
| Book/ | ||||||||||||||||||||||||||||||||
| Gross | Gross | Estimated | Adjusted | |||||||||||||||||||||||||||||
| Amortized | Unrealized | Unrealized | Fair | Carrying | ||||||||||||||||||||||||||||
| Maturity distribution | Cost | Gains | Losses | Value | Value | |||||||||||||||||||||||||||
| Due in 1 year or less | $ | 2,930,395 | $ | 581 | $ | 20,125 | $ | 2,910,851 | $ | 2,930,327 | ||||||||||||||||||||||
| Due after 1 year through 5 years | 6,939,756 | 23,222 | 251,867 | 6,711,111 | 6,939,680 | |||||||||||||||||||||||||||
| Due after 5 years through 10 years | 8,833,447 | 69,674 | 859,693 | 8,043,428 | 8,799,679 | |||||||||||||||||||||||||||
| Due after 10 years through 20 years | 8,067,320 | 107,782 | 1,163,599 | 7,011,503 | 8,059,997 | |||||||||||||||||||||||||||
| Due after 20 years | 6,545,321 | 12,330 | 1,538,268 | 5,019,383 | 6,545,153 | |||||||||||||||||||||||||||
| Residential mortgage-backed | 357,560 | 25,959 | 33,510 | 350,009 | 357,340 | |||||||||||||||||||||||||||
| Commercial mortgage-backed | 1,376,755 | 432 | 137,822 | 1,239,365 | 1,376,755 | |||||||||||||||||||||||||||
| Other asset-backed | 4,382,641 | 3,017 | 301,924 | 4,083,734 | 4,367,261 | |||||||||||||||||||||||||||
| Total debt securities | $ | 39,433,195 | $ | 242,997 | $ | 4,306,808 | $ | 35,369,384 | $ | 39,376,192 | ||||||||||||||||||||||
| Gross | Gross | Estimated | Book/Adjusted | |||||||||||||||||||||||||||||
| Quality category per | Amortized | Unrealized | Unrealized | Fair | Carrying | |||||||||||||||||||||||||||
| NAIC designation | Cost | Gains | Losses | Value | Value | |||||||||||||||||||||||||||
| Class 1 | $ | 23,475,365 | $ | 145,804 | $ | 2,581,615 | $ | 21,039,554 | $ | 23,437,490 | ||||||||||||||||||||||
| Class 2 | 15,052,853 | 93,474 | 1,644,400 | 13,501,927 | 15,037,150 | |||||||||||||||||||||||||||
| Class 3 | 739,836 | 2,536 | 66,936 | 675,436 | 739,836 | |||||||||||||||||||||||||||
| Class 4 | 147,541 | 847 | 9,417 | 138,971 | 147,541 | |||||||||||||||||||||||||||
| Class 5 | 6,739 | 65 | 1,016 | 5,788 | 6,739 | |||||||||||||||||||||||||||
| Class 6 | 10,861 | 271 | 3,424 | 7,708 | 7,436 | |||||||||||||||||||||||||||
| Total debt securities | $ | 39,433,195 | $ | 242,997 | $ | 4,306,808 | $ | 35,369,384 | $ | 39,376,192 | ||||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Residential mortgage-backed securities: | ||||||||||||||||||||
| Prime | $ | 1,193 | $ | 2,112 | $ | 2,641 | ||||||||||||||
| Alt-A | 1,194 | 2,027 | 233 | |||||||||||||||||
| Subprime | 126 | 23 | — | |||||||||||||||||
| Industrial and miscellaneous | 53,097 | 48,139 | 127 | |||||||||||||||||
| Governments | 2,076 | 6,084 | — | |||||||||||||||||
| Commercial mortgage backed securities | 8,773 | — | ||||||||||||||||||
| Asset-backed securities | 41 | 86 | 8,979 | |||||||||||||||||
| Common stock | 5,006 | — | 50 | |||||||||||||||||
| Limited partnership interests | 10,632 | 11,107 | 15,163 | |||||||||||||||||
| Mortgage loans | 66,000 | — | — | |||||||||||||||||
| Total other-than-temporary impairment charges | $ | 148,138 | $ | 69,578 | $ | 27,193 | ||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Sales of bonds: | ||||||||||||||||||||
| Gross gains | $ | 78,348 | $ | 81,354 | $ | 693,858 | ||||||||||||||
| Gross losses | (553,444) | (465,791) | (149,401) | |||||||||||||||||
| Sales of stocks: | ||||||||||||||||||||
| Gross gains | 387 | 2,868 | 2,213 | |||||||||||||||||
| Gross losses | (28,547) | (73) | (175) | |||||||||||||||||
| Derivative instruments | (3,816,256) | (362,518) | (5,142,870) | |||||||||||||||||
| Mortgage loans on real estate | (29,238) | (5,130) | 4,108 | |||||||||||||||||
| Other assets | 493,064 | 53,977 | (356,568) | |||||||||||||||||
| Other-than-temporary impairment losses | (148,138) | (69,578) | (27,193) | |||||||||||||||||
| Net realized losses | $ | (4,003,824) | $ | (764,891) | $ | (4,976,028) | ||||||||||||||
| Net (losses) gains allocated to IMR | $ | (1,518,401) | $ | (360,385) | $ | 109,638 | ||||||||||||||
| Net losses allocated to AVR | (2,485,423) | (72,592) | (4,039,055) | |||||||||||||||||
| Net losses unallocated | — | (331,914) | (1,046,611) | |||||||||||||||||
| Net realized losses | $ | (4,003,824) | $ | (764,891) | $ | (4,976,028) | ||||||||||||||
| Net losses allocated to AVR | $ | (2,485,423) | $ | (72,592) | $ | (4,039,055) | ||||||||||||||
| Net losses unallocated | — | (331,914) | (1,046,611) | |||||||||||||||||
| Tax benefit | 545,555 | 69,775 | 1,008,921 | |||||||||||||||||
| Reported net realized losses | $ | (1,939,868) | $ | (334,731) | $ | (4,076,745) | ||||||||||||||
| Total | <12 Months | 12+ Months | ||||||||||||||||||
| Fair value | $ | 5,125,465 | $ | 604,929 | $ | 4,520,536 | ||||||||||||||
| Unrealized loss | 473,256 | 27,287 | 445,969 | |||||||||||||||||
| Residential | Commercial | ||||||||||||||||||||||
| Farm | Insured | All Other | Insured | All Other | Mezzanine | Total | |||||||||||||||||
| 2023 | |||||||||||||||||||||||
| 1. Recorded investment (All) | |||||||||||||||||||||||
| (a) Current | $ | — | $ | 72 | $ | 654 | $ | — | $ | 8,410 | $ | 860 | $ | 9,996 | |||||||||
| (b) 30-59 days past due | — | 18 | 123 | — | — | 3 | 144 | ||||||||||||||||
| (c) 60-89 days past due | — | 11 | 34 | — | — | 1 | 46 | ||||||||||||||||
| (d) 90-179 days past due | — | 12 | 30 | — | — | 1 | 43 | ||||||||||||||||
| (e) 180+ days past due | — | 15 | 32 | — | — | 1 | 48 | ||||||||||||||||
| 2. Accruing interest 90-179 | |||||||||||||||||||||||
| days past due | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | 12 | $ | — | $ | — | $ | — | $ | — | $ | 12 | |||||||||
| (b) Interest accrued | — | — | — | — | — | — | — | ||||||||||||||||
| 3. Accruing interest 180+ | |||||||||||||||||||||||
| days past due | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | 15 | $ | — | $ | — | $ | — | $ | — | $ | 15 | |||||||||
| (b) Interest accrued | — | 1 | — | — | — | — | 1 | ||||||||||||||||
| 4. Interest reduced | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | — | $ | 62 | $ | — | $ | — | $ | 3 | $ | 65 | |||||||||
| (b) Number of loans | — | — | 349 | — | — | 18 | 367 | ||||||||||||||||
| (c) Percent reduced | — | % | — | % | 100 | % | — | % | — | % | 100 | % | — | % | |||||||||
| 5. Participant or Co-lender in a | |||||||||||||||||||||||
| Mortgage Loan Agreement | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | 128 | $ | 873 | $ | — | $ | 644 | $ | 240 | $ | 1,886 | |||||||||
| 2022 | |||||||||||||||||||||||
| 1. Recorded investment (All) | |||||||||||||||||||||||
| (a) Current | $ | — | $ | 96 | $ | 815 | $ | — | $ | 9,386 | $ | 848 | $ | 11,144 | |||||||||
| (b) 30-59 days past due | — | 28 | 192 | — | 43 | 5 | 268 | ||||||||||||||||
| (c) 60-89 days past due | — | 16 | 81 | — | — | 1 | 98 | ||||||||||||||||
| (d) 90-179 days past due | — | 16 | 19 | — | — | 1 | 35 | ||||||||||||||||
| (e) 180+ days past due | — | 36 | 9 | — | — | — | 44 | ||||||||||||||||
| 2. Accruing interest 90-179 | |||||||||||||||||||||||
| days past due | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | 16 | $ | — | $ | — | $ | — | $ | — | $ | 16 | |||||||||
| (b) Interest accrued | — | — | — | — | — | — | — | ||||||||||||||||
| 3. Accruing interest 180+ | |||||||||||||||||||||||
| days past due | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | 36 | $ | — | $ | — | $ | — | $ | — | $ | 36 | |||||||||
| (b) Interest accrued | — | 2 | — | — | — | — | 2 | ||||||||||||||||
| 4. Interest reduced | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | — | $ | 27 | $ | — | $ | — | $ | 1 | $ | 28 | |||||||||
| (b) Number of loans | — | — | 155 | — | — | 3 | 158 | ||||||||||||||||
| (c) Percent reduced | — | % | — | % | 100 | % | — | % | — | % | 100 | % | — | % | |||||||||
| 5. Participant or Co-lender in a | |||||||||||||||||||||||
| Mortgage Loan Agreement | |||||||||||||||||||||||
| (a) Recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||
| 2023 | 2022 | ||||||||||
| Balance at beginning of period | $ | 31 | $ | 64 | |||||||
| Additions charged to operations | 80,809 | 31 | |||||||||
| Direct write-downs charged against the allowances | 66,000 | — | |||||||||
| Recoveries of amounts previously charged off | 31 | 64 | |||||||||
| Balance at end of period (a+b-c-d) | $ | 14,809 | $ | 31 | |||||||
| December 31, 2023 | Recorded Investment | Related Loan Allowance | Average Recorded Investment | Investment Income Recognized | ||||||||||||||||||||||
| Impaired loans with a valuation allowance | ||||||||||||||||||||||||||
| Commercial | $ | 2,600 | $ | 13,877 | $ | 3,302 | $ | 636 | ||||||||||||||||||
| Residential (Insured) | — | — | — | — | ||||||||||||||||||||||
| Residential (All Other) | 4,676 | 932 | 3,683 | 167 | ||||||||||||||||||||||
| Total | 7,276 | 14,809 | 6,985 | 803 | ||||||||||||||||||||||
| Impaired loans without a valuation allowance | ||||||||||||||||||||||||||
| Commercial | — | — | — | — | ||||||||||||||||||||||
| Residential (Insured) | 5,538 | — | 8,249 | 526 | ||||||||||||||||||||||
| Residential (All Other) | 15,387 | — | 7,567 | 363 | ||||||||||||||||||||||
| Total | 20,925 | — | 15,816 | 889 | ||||||||||||||||||||||
| Commercial | 2,600 | 13,877 | 3,302 | 636 | ||||||||||||||||||||||
| Residential (Insured) | 5,538 | — | 8,249 | 526 | ||||||||||||||||||||||
| Residential (All Other) | 20,063 | 932 | 11,250 | 530 | ||||||||||||||||||||||
| Total | $ | 28,201 | $ | 14,809 | $ | 22,801 | $ | 1,692 | ||||||||||||||||||
| December 31, 2022 | Recorded Investment | Related Loan Allowance | Average Recorded Investment | Investment Income Recognized | ||||||||||||||||||||||
| Impaired loans with a valuation allowance | ||||||||||||||||||||||||||
| Residential (Insured) | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Residential (All Other) | 226 | 31 | 376 | 37 | ||||||||||||||||||||||
| Total | 226 | 31 | 376 | 37 | ||||||||||||||||||||||
| Impaired loans without a valuation allowance | ||||||||||||||||||||||||||
| Residential (Insured) | 11,851 | — | 14,510 | 1,044 | ||||||||||||||||||||||
| Residential (All Other) | 3,714 | — | 3,039 | — | ||||||||||||||||||||||
| Total | 15,565 | — | 17,549 | 1,044 | ||||||||||||||||||||||
| Residential (Insured) | 11,851 | — | 14,510 | 1,044 | ||||||||||||||||||||||
| Residential (All Other) | 3,940 | 31 | 3,415 | 37 | ||||||||||||||||||||||
| Total | $ | 15,791 | $ | 31 | $ | 17,925 | $ | 1,081 | ||||||||||||||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||
In Good Standing (1) | Restructured | Greater than 90 Days Delinquent | In the Process of Foreclosure | Total Carrying Value | ||||||||||||||||||||||||||||
| Apartment | $ | 3,157,475 | $ | — | $ | — | $ | — | $ | 3,157,475 | ||||||||||||||||||||||
| Hotel | 864,672 | — | — | — | 864,672 | |||||||||||||||||||||||||||
| Office | 1,451,778 | 17,770 | — | — | 1,469,548 | |||||||||||||||||||||||||||
| Retail | 1,925,162 | — | — | — | 1,925,162 | |||||||||||||||||||||||||||
| Warehouse | 1,848,726 | — | — | — | 1,848,726 | |||||||||||||||||||||||||||
| Total commercial mortgage loans | $ | 9,247,813 | $ | 17,770 | $ | — | $ | — | $ | 9,265,583 | ||||||||||||||||||||||
Residential (3) | 919,521 | — | 67,607 | 25,601 | 1,012,729 | |||||||||||||||||||||||||||
| Total | $ | 10,167,334 | $ | 17,770 | $ | 67,607 | $ | 25,601 | $ | 10,278,312 | ||||||||||||||||||||||
| December 31, 2022 | ||||||||||||||||||||||||||||||||
In Good Standing (2) | Restructured | Greater than 90 Days Delinquent | In the Process of Foreclosure | Total Carrying Value | ||||||||||||||||||||||||||||
| Apartment | $ | 3,553,508 | $ | — | $ | — | $ | — | $ | 3,553,508 | ||||||||||||||||||||||
| Hotel | 1,035,431 | — | — | — | 1,035,431 | |||||||||||||||||||||||||||
| Office | 1,810,306 | — | — | — | 1,810,306 | |||||||||||||||||||||||||||
| Retail | 2,102,051 | — | — | — | 2,102,051 | |||||||||||||||||||||||||||
| Warehouse | 1,772,564 | — | — | — | 1,772,564 | |||||||||||||||||||||||||||
| Total commercial mortgage loans | $ | 10,273,860 | — | — | — | $ | 10,273,860 | |||||||||||||||||||||||||
Residential (4) | 1,235,492 | — | 63,577 | 15,791 | 1,314,860 | |||||||||||||||||||||||||||
| Total | $ | 11,509,352 | $ | — | $ | 63,577 | $ | 15,791 | $ | 11,588,720 | ||||||||||||||||||||||
(1) Includes mortgage loans which the Company is a participant or co-lender of $263.6 million, $127.2 million, $239.6 million, $96.6 million, $146.0 million, and $$1,012.6 million in the categories of apartment, hotel, office, retail, warehouse, and residential, respectively. Also includes mezzanine and bridge loans of $396.5 million, $21.6 million, $176.3 million, $28.3 million, and $244.6 million in the categories of apartment, hotel, office, retail, and warehouse, respectively. | ||||||||||||||||||||||||||||||||
(2) Includes mortgage loans which the Company is a participant or co-lender of $360.2 million, $228.2 million, $504.6 million, $175.8 million, $176.2 million, and $740.2 million in the categories of apartment, hotel, office, retail, warehouse, and residential, respectively. Also includes mezzanine and bridge loans of $413.6 million, $41.6 million, $239.0 million, $39.7 million, and $120.6 million in the categories of apartment, hotel, office, retail, and warehouse, respectively. | ||||||||||||||||||||||||||||||||
(3) Includes $21.7 million of loans purchased when the loans were greater than 90 days delinquent and are supported with insurance or other guarantees provided by various governmental programs, and $5.5 million of loans in process of foreclosure. | ||||||||||||||||||||||||||||||||
(4) Includes $40.5 million of loans purchased when the loans were greater than 90 days delinquent and are supported with insurance or other guarantees provided by various governmental programs, and $11.9 million of loans in process of foreclosure. | ||||||||||||||||||||||||||||||||
| Gross Restricted | Percentage | |||||||||||||||||||||||||||||||||||||
| Restricted Asset Category | Total General Account | Total Prior Year | Increase/ (Decrease) | Total Current Year Admitted Restricted | Gross Restricted to Total Assets | Admitted Restricted to Total Admitted Assets | ||||||||||||||||||||||||||||||||
| Repurchase agreements | $ | — | $ | 1,141,872 | $ | (1,141,872) | $ | — | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||
| FHLB capital stock | 108,018 | 146,464 | (38,446) | 108,018 | 0.04 | % | 0.04 | % | ||||||||||||||||||||||||||||||
| On deposit with state | 101,388 | 99,408 | 1,980 | 101,388 | 0.04 | % | 0.04 | % | ||||||||||||||||||||||||||||||
| Pledged as collateral to FHLB | 3,525,096 | 3,172,535 | 352,561 | 3,525,096 | 1.30 | % | 1.31 | % | ||||||||||||||||||||||||||||||
| Pledged as collateral for cleared and OTC derivatives | 4,013,879 | 4,102,208 | (88,329) | 4,013,879 | 1.48 | % | 1.49 | % | ||||||||||||||||||||||||||||||
| Cleared interest rate swaps | — | 150,648 | (150,648) | — | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||
| Securities loaned for sec. lending agreements | 13,030 | 25,144 | (12,114) | 13,030 | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||
| Total restricted assets | $ | 7,761,411 | $ | 8,838,279 | $ | (1,076,868) | $ | 7,761,411 | 2.86 | % | 2.88 | % | ||||||||||||||||||||||||||
| December 31, 2023 | |||||||||||||||||||||||||||||||||||
| Assets | Liabilities | ||||||||||||||||||||||||||||||||||
| Contractual/ | Net | ||||||||||||||||||||||||||||||||||
| Notional | Carrying | Fair | Carrying | Fair | Fair | ||||||||||||||||||||||||||||||
| Amount | Value | Value | Value | Value | Value | ||||||||||||||||||||||||||||||
| Cross-currency swaps | $ | 785,914 | $ | 38,577 | $ | 38,577 | $ | — | $ | — | $ | 38,577 | |||||||||||||||||||||||
| Cross-currency total return swaps | 1,037,318 | (18,317) | (18,317) | — | — | (18,317) | |||||||||||||||||||||||||||||
| Equity index put options | 26,000,000 | 58,705 | 58,705 | — | — | 58,705 | |||||||||||||||||||||||||||||
| Put-swaptions | 23,500,000 | 152,680 | 152,680 | 904,691 | 904,691 | (752,011) | |||||||||||||||||||||||||||||
| Equity futures | 23,377,218 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Interest rate futures | 33,043,167 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Forwards | 1,410,194 | 1,707 | 1,707 | — | — | 1,707 | |||||||||||||||||||||||||||||
| Total return swaps | 1,598,595 | (21,947) | (21,947) | — | — | (21,947) | |||||||||||||||||||||||||||||
| Interest rate swaps | 6,228,135 | (126,589) | (126,589) | — | — | (126,589) | |||||||||||||||||||||||||||||
| Total | $ | 116,980,541 | $ | 84,816 | $ | 84,816 | $ | 904,691 | $ | 904,691 | $ | (819,875) | |||||||||||||||||||||||
| December 31, 2022 | |||||||||||||||||||||||||||||||||||
| Assets | Liabilities | ||||||||||||||||||||||||||||||||||
| Contractual/ | Net | ||||||||||||||||||||||||||||||||||
| Notional | Carrying | Fair | Carrying | Fair | Fair | ||||||||||||||||||||||||||||||
| Amount | Value | Value | Value | Value | Value | ||||||||||||||||||||||||||||||
| Cross-currency swaps | $ | 742,808 | $ | 67,448 | $ | 67,448 | $ | — | $ | — | $ | 67,448 | |||||||||||||||||||||||
| Cross-currency total return swaps | 1,239,850 | (76,958) | (76,958) | — | — | (76,958) | |||||||||||||||||||||||||||||
| Equity index call options | 17,500,000 | 106,123 | 106,123 | — | — | 106,123 | |||||||||||||||||||||||||||||
| Equity index put options | 30,500,000 | 957,646 | 957,646 | — | — | 957,646 | |||||||||||||||||||||||||||||
| Put-swaptions | 25,000,000 | — | — | 1,710,737 | 1,710,737 | (1,710,737) | |||||||||||||||||||||||||||||
| Equity futures | 20,626,295 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Interest rate futures | 105,941,948 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Forwards | 1,489,577 | 56,631 | 56,631 | — | — | 56,631 | |||||||||||||||||||||||||||||
| Total return swaps | 739,409 | 31,166 | 31,166 | — | — | 31,166 | |||||||||||||||||||||||||||||
| Interest rate swaps | 9,228,135 | (309,307) | (309,307) | — | — | (309,307) | |||||||||||||||||||||||||||||
| Total | $ | 213,008,022 | $ | 832,749 | $ | 832,749 | $ | 1,710,737 | $ | 1,710,737 | $ | (877,988) | |||||||||||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Debt securities | $ | 1,685,186 | $ | 1,696,734 | $ | 1,837,320 | ||||||||||||||
| Derivative instruments | (338,037) | 15,787 | 154,706 | |||||||||||||||||
| Limited partnership interests | 690,271 | 747,189 | 822,617 | |||||||||||||||||
| Mortgage loans | 544,686 | 528,122 | 503,623 | |||||||||||||||||
| Policy loans | 389,979 | 381,221 | 387,170 | |||||||||||||||||
| Other investment income | 137,191 | 105,655 | 48,822 | |||||||||||||||||
| Total investment income | 3,109,276 | 3,474,708 | 3,754,258 | |||||||||||||||||
| Less investment expenses | 206,086 | 185,516 | 232,705 | |||||||||||||||||
| Less interest expenses | 48,643 | 29,283 | 29,752 | |||||||||||||||||
| Net investment income | $ | 2,854,547 | $ | 3,259,909 | $ | 3,491,801 | ||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Direct premiums and annuity considerations | $ | 12,645,332 | $ | 15,406,040 | $ | 18,799,480 | ||||||||||||||
| Reinsurance assumed | 819,805 | 1,096,807 | 1,446,936 | |||||||||||||||||
| Reinsurance ceded | (237,559) | (298,198) | (401,115) | |||||||||||||||||
| Total premiums and annuity considerations | $ | 13,227,578 | $ | 16,204,649 | $ | 19,845,301 | ||||||||||||||
| Direct benefits to policyholders and beneficiaries | $ | 22,002,447 | $ | 18,487,705 | $ | 22,292,257 | ||||||||||||||
| Reinsurance assumed | 1,082,026 | 1,173,141 | 1,161,442 | |||||||||||||||||
| Reinsurance ceded | 1,249,948 | 1,553,035 | 1,558,064 | |||||||||||||||||
| Total benefits to policyholders and beneficiaries | $ | 24,334,421 | $ | 21,213,881 | $ | 25,011,763 | ||||||||||||||
| December 31, 2023 | December 31, 2022 | Change | |||||||||||||||||||||||||||||||||
| Ordinary | Capital | Total | Ordinary | Capital | Total | Ordinary | Capital | Total | |||||||||||||||||||||||||||
| Total gross DTA | $ | 2,553,775 | $ | 62,035 | $ | 2,615,810 | $ | 1,995,078 | $ | 99,786 | $ | 2,094,864 | $ | 558,697 | $ | (37,751) | $ | 520,946 | |||||||||||||||||
| Statutory valuation allowance | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| Adjusted gross DTA | 2,553,775 | 62,035 | 2,615,810 | 1,995,078 | 99,786 | 2,094,864 | 558,697 | (37,751) | 520,946 | ||||||||||||||||||||||||||
| DTA nonadmitted | 1,856,172 | — | 1,856,172 | 1,079,931 | — | 1,079,931 | 776,241 | — | 776,241 | ||||||||||||||||||||||||||
| Subtotal net admitted DTA | 697,603 | 62,035 | 759,638 | 915,147 | 99,786 | 1,014,933 | (217,544) | (37,751) | (255,295) | ||||||||||||||||||||||||||
| Deferred tax liabilities | (42,745) | (109,951) | (152,696) | (40,711) | (193,132) | (233,843) | (2,034) | 83,181 | 81,147 | ||||||||||||||||||||||||||
| Net admitted DTA | $ | 654,858 | $ | (47,916) | $ | 606,942 | $ | 874,436 | $ | (93,346) | $ | 781,090 | $ | (219,578) | $ | 45,430 | $ | (174,148) | |||||||||||||||||
| December 31, 2023 | December 31, 2022 | Change | ||||||||||||||||||||||||||||||||||||
| Ordinary | Capital | Total | Ordinary | Capital | Total | Ordinary | Capital | Total | ||||||||||||||||||||||||||||||
| (a) | Federal income taxes | |||||||||||||||||||||||||||||||||||||
| Paid in prior years | ||||||||||||||||||||||||||||||||||||||
| recoverable through | ||||||||||||||||||||||||||||||||||||||
| loss carrybacks | $ | — | $ | 476 | $ | 476 | $ | — | $ | 166 | $ | 166 | $ | — | $ | 310 | $ | 310 | ||||||||||||||||||||
| (b) | Adjusted gross DTA | |||||||||||||||||||||||||||||||||||||
| Expected to be realized | ||||||||||||||||||||||||||||||||||||||
| after application of the | ||||||||||||||||||||||||||||||||||||||
| threshold limitation | ||||||||||||||||||||||||||||||||||||||
| (Lesser of (b)1 or | ||||||||||||||||||||||||||||||||||||||
| (b)2 below) | 606,466 | — | 606,466 | 780,924 | — | 780,924 | (174,458) | — | (174,458) | |||||||||||||||||||||||||||||
| 1. Adjusted gross DTA | ||||||||||||||||||||||||||||||||||||||
| Expected to be realized | ||||||||||||||||||||||||||||||||||||||
| following the balance | ||||||||||||||||||||||||||||||||||||||
| sheet date | 1,868,854 | 1,503,003 | 365,851 | |||||||||||||||||||||||||||||||||||
| 2. Adjusted gross DTA | ||||||||||||||||||||||||||||||||||||||
| Allowed per limitation | ||||||||||||||||||||||||||||||||||||||
| threshold | 606,466 | 780,924 | (174,458) | |||||||||||||||||||||||||||||||||||
| (c) | Adjusted gross DTA | |||||||||||||||||||||||||||||||||||||
| (Excluding the amount of | ||||||||||||||||||||||||||||||||||||||
| DTA from (a) and (b) | ||||||||||||||||||||||||||||||||||||||
| above) offset by | ||||||||||||||||||||||||||||||||||||||
| gross DTL | 91,137 | 61,559 | 152,696 | 134,223 | 99,620 | 233,843 | (43,086) | (38,061) | (81,147) | |||||||||||||||||||||||||||||
| (d) | DTA admitted as the | |||||||||||||||||||||||||||||||||||||
| result of application of | ||||||||||||||||||||||||||||||||||||||
| SSAP No. 101 | $ | 697,603 | $ | 62,035 | $ | 759,638 | $ | 915,147 | $ | 99,786 | $ | 1,014,933 | $ | (217,544) | $ | (37,751) | $ | (255,295) | ||||||||||||||||||||
| 2023 | 2022 | ||||||||||
| Ratio Percentage Used to Determine Recovery | |||||||||||
| Period and Threshold Limitation Amount | 1,102.0 | % | 965.8 | % | |||||||
| Amount of Adjusted Capital and Surplus Used to | |||||||||||
| Determine Recovery Period and Threshold | |||||||||||
| Limitation Amount (in thousands) | $ | 4,043,109 | $ | 5,206,164 | |||||||
| December 31, 2023 | December 31, 2022 | Change | |||||||||||||||||||||||||||
| Ordinary | Capital | Ordinary | Capital | Ordinary | Capital | ||||||||||||||||||||||||
| Determination of Adjusted Gross DTA and | |||||||||||||||||||||||||||||
| Net Admitted DTA, by tax character as a percentage | |||||||||||||||||||||||||||||
| 1. Adjusted gross DTAs | $ | 2,553,775 | $ | 62,035 | $ | 1,995,078 | $ | 99,786 | $ | 558,697 | $ | (37,751) | |||||||||||||||||
| 2. Percentage of adjusted gross DTAs by | |||||||||||||||||||||||||||||
| by tax character attributable to | |||||||||||||||||||||||||||||
| the impact of tax planning | |||||||||||||||||||||||||||||
| strategies | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | |||||||||||||||||
| 3. Net admitted adjusted gross DTAs | $ | 697,603 | $ | 62,035 | $ | 915,147 | $ | 99,786 | $ | (217,544) | $ | (37,751) | |||||||||||||||||
| 4. Percentage of net admitted adjusted | |||||||||||||||||||||||||||||
| gross DTAs by tax character | |||||||||||||||||||||||||||||
| admitted because of the impact | |||||||||||||||||||||||||||||
| of tax planning strategies | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | |||||||||||||||||
| 2023 | 2022 | Change | ||||||||||||||||||
| Deferred tax assets resulting from book/tax differences in: | ||||||||||||||||||||
| Ordinary: | ||||||||||||||||||||
| Deferred acquisition costs | $ | 191,494 | $ | 202,018 | $ | (10,524) | ||||||||||||||
| Insurance reserves | 207,853 | 276,299 | (68,446) | |||||||||||||||||
| Investments | 863,269 | 773,792 | 89,477 | |||||||||||||||||
| Employee benefits | 111,921 | 128,826 | (16,905) | |||||||||||||||||
| Deferred and uncollected premium | 1,562 | 1,889 | (327) | |||||||||||||||||
| Net operating loss carryforward | 863,316 | 527,316 | 336,000 | |||||||||||||||||
| Tax credit carryforward | 274,165 | 43,043 | 231,122 | |||||||||||||||||
| Other | 40,195 | 41,895 | (1,700) | |||||||||||||||||
| Total ordinary gross & adjusted | ||||||||||||||||||||
| gross deferred tax assets | 2,553,775 | 1,995,078 | 558,697 | |||||||||||||||||
| Deferred tax assets nonadmitted | (1,856,172) | (1,079,931) | (776,241) | |||||||||||||||||
| Admitted ordinary gross deferred | ||||||||||||||||||||
| tax assets per NAIC SAP | 697,603 | 915,147 | (217,544) | |||||||||||||||||
| Capital: | ||||||||||||||||||||
| Investments | 27,422 | 37,470 | (10,048) | |||||||||||||||||
| Unrealized capital losses | 34,613 | 62,316 | (27,703) | |||||||||||||||||
| Total capital gross & adjusted | ||||||||||||||||||||
| gross deferred tax assets | 62,035 | 99,786 | (37,751) | |||||||||||||||||
| Deferred tax assets nonadmitted | — | — | — | |||||||||||||||||
| Admitted capital gross deferred | ||||||||||||||||||||
| tax assets per NAIC SAP | 62,035 | 99,786 | (37,751) | |||||||||||||||||
| Total admitted deferred tax assets | $ | 759,638 | $ | 1,014,933 | $ | (255,295) | ||||||||||||||
| Deferred tax liabilities resulting from book/tax differences in: | ||||||||||||||||||||
| Ordinary: | ||||||||||||||||||||
| Investments | $ | 14,937 | $ | 9,754 | $ | 5,183 | ||||||||||||||
| Fixed assets | 12,151 | 11,309 | 842 | |||||||||||||||||
| Insurance reserves | 6,947 | 10,420 | (3,473) | |||||||||||||||||
| Due and deferred premium | 8,705 | 9,227 | (522) | |||||||||||||||||
| Other | 5 | 1 | 4 | |||||||||||||||||
| Total ordinary deferred tax liabilities | 42,745 | 40,711 | 2,034 | |||||||||||||||||
| Total capital deferred tax liabilities | 109,951 | 193,132 | (83,181) | |||||||||||||||||
| Total deferred tax liabilities | 152,696 | 233,843 | (81,147) | |||||||||||||||||
| Total net admitted deferred tax asset | $ | 606,942 | $ | 781,090 | $ | (174,148) | ||||||||||||||
| 2023 | 2022 | Change | ||||||||||||||||||
| Total deferred tax assets | $ | 2,615,810 | $ | 2,094,864 | $ | 520,946 | ||||||||||||||
| Total deferred tax liabilities | (152,696) | (233,843) | 81,147 | |||||||||||||||||
| Net deferred tax assets/liabilities | 2,463,114 | 1,861,021 | 602,093 | |||||||||||||||||
| Tax effect of unrealized gains | (530,763) | (326,697) | (204,066) | |||||||||||||||||
| Change in net deferred income tax | $ | 1,932,351 | $ | 1,534,324 | $ | 398,027 | ||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||||||||
| Operations | |||||||||||||||||||||||
| Federal taxes from operations | $ | 960,869 | $ | 73,645 | $ | 959,485 | |||||||||||||||||
| Foreign tax expense | — | — | — | ||||||||||||||||||||
| Subtotal | 960,869 | 73,645 | 959,485 | ||||||||||||||||||||
| Federal tax benefit on capital losses | (850,652) | (140,453) | (976,002) | ||||||||||||||||||||
| Utilization of operating loss carryforwards | — | — | — | ||||||||||||||||||||
| Other | (3,399) | 22,616 | (75,695) | ||||||||||||||||||||
| Total federal current taxes incurred | $ | 106,818 | $ | (44,192) | $ | (92,212) | |||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Federal taxes incurred | $ | 966,356 | $ | 96,261 | $ | 883,790 | ||||||||||||||
| Capital gains tax, excluding IMR taxes | (545,555) | (69,775) | (1,008,921) | |||||||||||||||||
| Taxes transferred to IMR | (342,797) | (68,678) | 135,159 | |||||||||||||||||
| Taxes on liability gains released from the IMR | 28,814 | (2,000) | (102,240) | |||||||||||||||||
| Total federal current taxes incurred | $ | 106,818 | $ | (44,192) | $ | (92,212) | ||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||||||||||||||||||||
| Income before taxes | $ | (1,220,210) | $3,353,705 | $120,414 | |||||||||||||||||||||||||||||||
| Income taxes at statutory rate | (256,244) | 21 | % | 704,278 | 21 | % | 25,287 | 21 | % | ||||||||||||||||||||||||||
| Dividends received deduction | (123,641) | 10 | % | (131,507) | (4) | % | (135,678) | (113) | % | ||||||||||||||||||||||||||
| Effect of tax sharing agreement | — | — | % | — | — | % | (9,162) | (8) | % | ||||||||||||||||||||||||||
| Interest maintenance reserve | 153,867 | (13) | % | (22,744) | (1) | % | (38,266) | (32) | % | ||||||||||||||||||||||||||
| Amortization of value of business acquired and goodwill | — | — | % | 6,878 | — | % | 10,317 | 9 | % | ||||||||||||||||||||||||||
| Tax credits | (44,668) | 4 | % | (22,990) | (1) | % | (43,148) | (36) | % | ||||||||||||||||||||||||||
| Gain on reinsurance of inforce business | (25,157) | 2 | % | (51,969) | (2) | % | (36,585) | (30) | % | ||||||||||||||||||||||||||
| Net IRS audit interest | — | — | % | — | — | % | (19,126) | (16) | % | ||||||||||||||||||||||||||
| Other | 4,633 | — | % | 3,412 | — | % | 6,098 | 5 | % | ||||||||||||||||||||||||||
| Taxable income and current tax on operations | $ | (291,210) | 24 | % | $ | 485,358 | 14 | % | $ | (240,263) | (200) | % | |||||||||||||||||||||||
| Federal and foreign taxes incurred | $966,356 | $96,261 | $883,790 | ||||||||||||||||||||||||||||||||
| Tax on capital losses | (859,539) | (140,453) | (976,002) | ||||||||||||||||||||||||||||||||
| Change in net deferred taxes | (398,027) | 529,550 | (148,051) | ||||||||||||||||||||||||||||||||
| Total statutory taxes | $ | (291,210) | $ | 485,358 | $ | (240,263) | |||||||||||||||||||||||||||||
| Tax Year Generated | Amount of Carryforward | ||||
| 2012 | $ | 137,020 | |||
| 2021 | 1,201,272 | ||||
| 2022 | 1,160,449 | ||||
| 2023 | 1,612,287 | ||||
| Total | $ | 4,111,028 | |||
| 2023 | 2022 | ||||||||||
| Maximum Amount: | |||||||||||
| Overnight | $ | 915,058 | $ | 1,080,027 | |||||||
| 2 Days to 1 Week | 1,690,301 | 625,504 | |||||||||
| >1 Week to 1 Month | 1,561,085 | 1,011,762 | |||||||||
| Ending Balance: | |||||||||||
| Overnight | $ | — | $ | — | |||||||
| 2 Days to 1 Week | — | — | |||||||||
| >1 Week to 1 Month | — | 1,011,762 | |||||||||
| 2023 | 2022 | ||||||||||
| Maximum Amount: | |||||||||||
| Cash | $ | 2,243,022 | $ | 1,333,772 | |||||||
| Securities (FV) | — | — | |||||||||
| Ending Balance: | |||||||||||
| Cash | $ | — | $ | 1,011,762 | |||||||
| Securities (FV) | — | — | |||||||||
| 2023 | 2022 | ||||||||||
| Maximum Amount: | |||||||||||
| Cash (Collateral - All) | $ | 2,243,022 | $ | 1,333,772 | |||||||
| Securities Collateral (FV) | — | — | |||||||||
| Ending Balance: | |||||||||||
| Cash (Collateral - All) | $ | — | $ | 1,011,762 | |||||||
| Securities Collateral (FV) | — | — | |||||||||
| December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Fund type: | |||||||||||
| Equity | $ | 142,464 | $ | 122,744 | |||||||
| Bond | 18,385 | 17,775 | |||||||||
| Balanced | 40,055 | 38,177 | |||||||||
| Money market | 2,606 | 2,911 | |||||||||
| Total | $ | 203,510 | $ | 181,607 | |||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||
| Guaranteed | Nonguaranteed | |||||||||||||||||||||||||||||||
| General | Separate | Separate | % of | |||||||||||||||||||||||||||||
| Account | Account | Account | Total | Total | ||||||||||||||||||||||||||||
| Individual Annuities: | ||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal: | ||||||||||||||||||||||||||||||||
| With market value adjustment | $ | 1,986,003 | $ | 210,279 | $ | — | $ | 2,196,282 | 1.0 | % | ||||||||||||||||||||||
| At book value without market value adjustment and | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge of 5% or more | 4,823,408 | 4,629,816 | — | 9,453,224 | 4.4 | % | ||||||||||||||||||||||||||
| At fair value | — | — | 179,151,105 | 179,151,105 | 84.3 | % | ||||||||||||||||||||||||||
| At book value without market value | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge less than 5% | 20,049,698 | — | — | 20,049,698 | 9.4 | % | ||||||||||||||||||||||||||
| Total subject to discretionary withdrawal | 26,859,109 | 4,840,095 | 179,151,105 | 210,850,309 | 99.2 | % | ||||||||||||||||||||||||||
| Not subject to discretionary withdrawal | 1,472,714 | — | 185,385 | 1,658,099 | 0.8 | % | ||||||||||||||||||||||||||
| Total gross | 28,331,823 | 4,840,095 | 179,336,490 | 212,508,408 | 100.0 | % | ||||||||||||||||||||||||||
| Reinsurance ceded | 17,129,925 | — | — | 17,129,925 | ||||||||||||||||||||||||||||
| Total, net of reinsurance | $ | 11,201,898 | $ | 4,840,095 | $ | 179,336,490 | $ | 195,378,483 | ||||||||||||||||||||||||
| December 31, 2022 | ||||||||||||||||||||||||||||||||
| Guaranteed | Nonguaranteed | |||||||||||||||||||||||||||||||
| General | Separate | Separate | % of | |||||||||||||||||||||||||||||
| Account | Account | Account | Total | Total | ||||||||||||||||||||||||||||
| Individual Annuities: | ||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal: | ||||||||||||||||||||||||||||||||
| With market value adjustment | $ | 2,561,508 | $ | 91,139 | $ | — | $ | 2,652,647 | 1.4 | % | ||||||||||||||||||||||
| At book value without market value adjustment and | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge of 5% or more | 6,054,138 | 1,623,150 | — | 7,677,288 | 4.0 | % | ||||||||||||||||||||||||||
| At fair value | — | — | 158,246,819 | 158,246,819 | 82.0 | % | ||||||||||||||||||||||||||
| At book value without market value | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge less than 5% | 22,823,051 | — | — | 22,823,051 | 11.8 | % | ||||||||||||||||||||||||||
| Total subject to discretionary withdrawal | 31,438,697 | 1,714,289 | 158,246,819 | 191,399,805 | 99.2 | % | ||||||||||||||||||||||||||
| Not subject to discretionary withdrawal | 1,468,023 | — | 158,571 | 1,626,594 | 0.8 | % | ||||||||||||||||||||||||||
| Total gross | 32,906,720 | 1,714,289 | 158,405,390 | 193,026,399 | 100.0 | % | ||||||||||||||||||||||||||
| Reinsurance ceded | 20,288,936 | — | — | 20,288,936 | ||||||||||||||||||||||||||||
| Total, net of reinsurance | $ | 12,617,784 | $ | 1,714,289 | $ | 158,405,390 | $ | 172,737,463 | ||||||||||||||||||||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||
| Guaranteed | Nonguaranteed | |||||||||||||||||||||||||||||||
| General | Separate | Separate | % of | |||||||||||||||||||||||||||||
| Account | Account | Account | Total | Total | ||||||||||||||||||||||||||||
| Group Annuities: | ||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal: | ||||||||||||||||||||||||||||||||
| With market value adjustment | $ | 167,459 | $ | 1,994 | $ | — | $ | 169,453 | 0.7 | % | ||||||||||||||||||||||
| At book value without market value adjustment and | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge of 5% or more | 35,445 | — | — | 35,445 | 0.1 | % | ||||||||||||||||||||||||||
| At fair value | — | — | 19,908,315 | 19,908,315 | 77.8 | % | ||||||||||||||||||||||||||
| At book value without market value | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge less than 5% | 1,898,103 | 190 | — | 1,898,293 | 7.4 | % | ||||||||||||||||||||||||||
| Total subject to discretionary withdrawal | 2,101,007 | 2,184 | 19,908,315 | 22,011,506 | 86.0 | % | ||||||||||||||||||||||||||
| Not subject to discretionary withdrawal | 3,562,320 | — | 22,235 | 3,584,555 | 14.0 | % | ||||||||||||||||||||||||||
| Total gross | 5,663,327 | 2,184 | 19,930,550 | 25,596,061 | 100.0 | % | ||||||||||||||||||||||||||
| Reinsurance ceded | 1,413,260 | — | — | 1,413,260 | ||||||||||||||||||||||||||||
| Total, net of reinsurance | $ | 4,250,067 | $ | 2,184 | $ | 19,930,550 | $ | 24,182,801 | ||||||||||||||||||||||||
| December 31, 2022 | ||||||||||||||||||||||||||||||||
| Guaranteed | Nonguaranteed | |||||||||||||||||||||||||||||||
| General | Separate | Separate | % of | |||||||||||||||||||||||||||||
| Account | Account | Account | Total | Total | ||||||||||||||||||||||||||||
| Group Annuities: | ||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal: | ||||||||||||||||||||||||||||||||
| With market value adjustment | $ | 233,246 | $ | 2,095 | $ | — | $ | 235,341 | 0.9 | % | ||||||||||||||||||||||
| At book value without market value adjustment and | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge of 5% or more | 84,508 | — | — | 84,508 | 0.3 | % | ||||||||||||||||||||||||||
| At fair value | — | — | 18,685,370 | 18,685,370 | 74.6 | % | ||||||||||||||||||||||||||
| At book value without market value | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge less than 5% | 2,265,549 | — | — | 2,265,549 | 9.0 | % | ||||||||||||||||||||||||||
| Total subject to discretionary withdrawal | 2,583,303 | 2,095 | 18,685,370 | 21,270,768 | 85.0 | % | ||||||||||||||||||||||||||
| Not subject to discretionary withdrawal | 3,753,770 | 189 | 13,536 | 3,767,495 | 15.0 | % | ||||||||||||||||||||||||||
| Total gross | 6,337,073 | 2,284 | 18,698,906 | 25,038,263 | 100.0 | % | ||||||||||||||||||||||||||
| Reinsurance ceded | 1,749,295 | — | — | 1,749,295 | ||||||||||||||||||||||||||||
| Total, net of reinsurance | $ | 4,587,778 | $ | 2,284 | $ | 18,698,906 | $ | 23,288,968 | ||||||||||||||||||||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||
| Guaranteed | Nonguaranteed | |||||||||||||||||||||||||||||||
| General | Separate | Separate | % of | |||||||||||||||||||||||||||||
| Account | Account | Account | Total | Total | ||||||||||||||||||||||||||||
| Deposit-type contracts: | ||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal: | ||||||||||||||||||||||||||||||||
| With market value adjustment | $ | — | $ | — | $ | — | $ | — | 0.0 | % | ||||||||||||||||||||||
| At book value without market value adjustment and | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge of 5% or more | — | — | — | — | 0.0 | % | ||||||||||||||||||||||||||
| At fair value | — | — | 79,570 | 79,570 | 0.9 | % | ||||||||||||||||||||||||||
| At book value without market value | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge less than 5% | 1,454,272 | — | — | 1,454,272 | 15.9 | % | ||||||||||||||||||||||||||
| Total subject to discretionary withdrawal | 1,454,272 | — | 79,570 | 1,533,842 | 16.8 | % | ||||||||||||||||||||||||||
| Not subject to discretionary withdrawal | 7,596,763 | — | — | 7,596,763 | 83.2 | % | ||||||||||||||||||||||||||
| Total gross | 9,051,035 | — | 79,570 | 9,130,605 | 100.0 | % | ||||||||||||||||||||||||||
| Reinsurance ceded | 39,303 | — | — | 39,303 | ||||||||||||||||||||||||||||
| Total, net of reinsurance | $ | 9,011,732 | $ | — | $ | 79,570 | $ | 9,091,302 | ||||||||||||||||||||||||
| December 31, 2022 | ||||||||||||||||||||||||||||||||
| Guaranteed | Nonguaranteed | |||||||||||||||||||||||||||||||
| General | Separate | Separate | % of | |||||||||||||||||||||||||||||
| Account | Account | Account | Total | Total | ||||||||||||||||||||||||||||
| Deposit-type contracts: | ||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal: | ||||||||||||||||||||||||||||||||
| With market value adjustment | $ | — | $ | — | $ | — | $ | — | 0.0 | % | ||||||||||||||||||||||
| At book value without market value adjustment and | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge of 5% or more | — | — | — | — | 0.0 | % | ||||||||||||||||||||||||||
| At fair value | — | — | 60,740 | 60,740 | 0.6 | % | ||||||||||||||||||||||||||
| At book value without market value | ||||||||||||||||||||||||||||||||
| adjustment and with current | ||||||||||||||||||||||||||||||||
| surrender charge less than 5% | 1,479,384 | — | — | 1,479,384 | 15.1 | % | ||||||||||||||||||||||||||
| Total subject to discretionary withdrawal | 1,479,384 | — | 60,740 | 1,540,124 | 15.7 | % | ||||||||||||||||||||||||||
| Not subject to discretionary withdrawal | 8,251,489 | — | — | 8,251,489 | 84.3 | % | ||||||||||||||||||||||||||
| Total gross | 9,730,873 | — | 60,740 | 9,791,613 | 100.0 | % | ||||||||||||||||||||||||||
| Reinsurance ceded | 39,157 | — | — | 39,157 | ||||||||||||||||||||||||||||
| Total, net of reinsurance | $ | 9,691,716 | $ | — | $ | 60,740 | $ | 9,752,456 | ||||||||||||||||||||||||
| December 31, 2023 | ||||||||||||||||||||
| General Account | ||||||||||||||||||||
| Account Value | Cash Value | Reserve | ||||||||||||||||||
| Subject to discretionary withdrawal, | ||||||||||||||||||||
| surrender values, or policy loans: | ||||||||||||||||||||
| Term Policies with Cash Value | $ | — | $ | 123,657 | $ | 559,111 | ||||||||||||||
| Universal Life | 7,934,886 | 8,267,711 | 8,724,048 | |||||||||||||||||
| Universal Life with Secondary Guarantees | 1,203,614 | 1,160,024 | 1,624,975 | |||||||||||||||||
| Indexed Universal Life | — | — | — | |||||||||||||||||
| Indexed Universal Life with Secondary Guarantees | — | — | — | |||||||||||||||||
| Indexed Life | — | — | — | |||||||||||||||||
| Other Permanent Cash Value Life Insurance | — | 2,675,469 | 2,847,432 | |||||||||||||||||
| Variable Life | — | — | — | |||||||||||||||||
| Variable Universal Life | 18,183 | 18,182 | 18,495 | |||||||||||||||||
| Miscellaneous Reserves | 67,249 | 71,411 | 89,950 | |||||||||||||||||
| Not subject to discretionary withdrawal, or no cash values: | ||||||||||||||||||||
| Term Policies with Cash Value | XXX | XXX | 1,018,589 | |||||||||||||||||
| Accidental Death Benefits | XXX | XXX | 9,222 | |||||||||||||||||
| Disability - Active Lives | XXX | XXX | 10,600 | |||||||||||||||||
| Disability - Disabled Lives | XXX | XXX | 186,011 | |||||||||||||||||
| Miscellaneous Reserves | XXX | XXX | 415,411 | |||||||||||||||||
| Total (gross: direct + assumed) | 9,223,932 | 12,316,454 | 15,503,844 | |||||||||||||||||
| Reinsurance Ceded | 4,031,317 | 4,390,186 | 5,704,935 | |||||||||||||||||
| Total (net) | $ | 5,192,615 | $ | 7,926,268 | $ | 9,798,909 | ||||||||||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||||||||
| Separate Account -Guaranteed | Separate Account - Nonguaranteed | |||||||||||||||||||||||||||||||||||||
| Account Value | Cash Value | Reserve | Account Value | Cash Value | Reserve | |||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal, | ||||||||||||||||||||||||||||||||||||||
| surrender values, or policy loans: | ||||||||||||||||||||||||||||||||||||||
| Term Policies with Cash Value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
| Universal Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Universal Life with Secondary Guarantees | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Indexed Universal Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Indexed Universal Life with Secondary Guarantees | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Indexed Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Other Permanent Cash Value Life Insurance | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Variable Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Variable Universal Life | 291 | 291 | 291 | 103,148 | 103,171 | 103,501 | ||||||||||||||||||||||||||||||||
| Miscellaneous Reserves | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Not subject to discretionary withdrawal, or no cash values: | ||||||||||||||||||||||||||||||||||||||
| Term Policies with Cash Value | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Accidental Death Benefits | XXX | $— | XXX | — | XXX | — | XXX | — | ||||||||||||||||||||||||||||||
| Disability - Active Lives | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Disability - Disabled Lives | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Miscellaneous Reserves | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Total (gross: direct + assumed) | 291 | 291 | 291 | 103,148 | 103,171 | 103,501 | ||||||||||||||||||||||||||||||||
| Reinsurance Ceded | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Total (net) | $ | 291 | $ | 291 | $ | 291 | $ | 103,148 | $ | 103,171 | $ | 103,501 | ||||||||||||||||||||||||||
| December 31, 2022 | ||||||||||||||||||||
| General Account | ||||||||||||||||||||
| Account Value | Cash Value | Reserve | ||||||||||||||||||
| Subject to discretionary withdrawal, | ||||||||||||||||||||
| surrender values, or policy loans: | ||||||||||||||||||||
| Term Policies with Cash Value | $ | — | $ | 177,720 | $ | 629,291 | ||||||||||||||
| Universal Life | 8,047,633 | 8,365,526 | 8,883,419 | |||||||||||||||||
| Universal Life with Secondary Guarantees | 1,245,130 | 1,197,565 | 1,643,288 | |||||||||||||||||
| Indexed Universal Life | — | — | — | |||||||||||||||||
| Indexed Universal Life with Secondary Guarantees | — | — | — | |||||||||||||||||
| Indexed Life | — | — | — | |||||||||||||||||
| Other Permanent Cash Value Life Insurance | — | 2,739,639 | 2,965,395 | |||||||||||||||||
| Variable Life | — | — | — | |||||||||||||||||
| Variable Universal Life | 17,439 | 17,438 | 17,439 | |||||||||||||||||
| Miscellaneous Reserves | 70,776 | 75,575 | 305,768 | |||||||||||||||||
| Not subject to discretionary withdrawal, or no cash values: | ||||||||||||||||||||
| Term Policies with Cash Value | XXX | XXX | 1,119,107 | |||||||||||||||||
| Accidental Death Benefits | XXX | XXX | 9,763 | |||||||||||||||||
| Disability - Active Lives | XXX | XXX | 12,187 | |||||||||||||||||
| Disability - Disabled Lives | XXX | XXX | 193,798 | |||||||||||||||||
| Miscellaneous Reserves | XXX | XXX | 704,532 | |||||||||||||||||
| Total (gross: direct + assumed) | 9,380,978 | 12,573,463 | 16,483,987 | |||||||||||||||||
| Reinsurance Ceded | 4,032,764 | 4,449,637 | 5,910,056 | |||||||||||||||||
| Total (net) | $ | 5,348,214 | $ | 8,123,826 | $ | 10,573,931 | ||||||||||||||
| December 31, 2022 | ||||||||||||||||||||||||||||||||||||||
| Separate Account - Guaranteed | Separate Account - Nonguaranteed | |||||||||||||||||||||||||||||||||||||
| Account Value | Cash Value | Reserve | Account Value | Cash Value | Reserve | |||||||||||||||||||||||||||||||||
| Subject to discretionary withdrawal, | ||||||||||||||||||||||||||||||||||||||
| surrender values, or policy loans: | ||||||||||||||||||||||||||||||||||||||
| Term Policies with Cash Value | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
| Universal Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Universal Life with Secondary Guarantees | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Indexed Universal Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Indexed Universal Life with Secondary Guarantees | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Indexed Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Other Permanent Cash Value Life Insurance | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Variable Life | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Variable Universal Life | 285 | 285 | 285 | 93,133 | 93,149 | 93,293 | ||||||||||||||||||||||||||||||||
| Miscellaneous Reserves | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Not subject to discretionary withdrawal, or no cash values: | ||||||||||||||||||||||||||||||||||||||
| Term Policies with Cash Value | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Accidental Death Benefits | XXX | 0 | XXX | — | XXX | 0 | XXX | — | ||||||||||||||||||||||||||||||
| Disability - Active Lives | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Disability - Disabled Lives | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Miscellaneous Reserves | XXX | XXX | — | XXX | XXX | — | ||||||||||||||||||||||||||||||||
| Total (gross: direct + assumed) | 285 | 285 | 285 | 93,133 | 93,149 | 93,293 | ||||||||||||||||||||||||||||||||
| Reinsurance Ceded | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Total (net) | $ | 285 | $ | 285 | $ | 285 | $ | 93,133 | $ | 93,149 | $ | 93,293 | ||||||||||||||||||||||||||
| 2023 | ||||||||||||||||||||||||||||||||
| Minimum Guaranteed Interest Rate | At Guaranteed Minimum | 1-50bps Above | 51-150bps Above | 150+bps Above | Total | |||||||||||||||||||||||||||
| Variable Annuities | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||
| 1.51%-2.50% | 0.9 | — | — | — | 0.9 | |||||||||||||||||||||||||||
| >2.50% | 7,058.4 | — | — | 18.4 | 7,076.8 | |||||||||||||||||||||||||||
| Total | $ | 7,059.3 | $ | — | $ | — | $ | 18.4 | $ | 7,077.7 | ||||||||||||||||||||||
| Fixed Annuities + Closed Block Annuities | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 11.1 | $ | 46.8 | $ | 55.5 | $ | — | $ | 113.4 | ||||||||||||||||||||||
| 1.51%-2.50% | 0.4 | 0.1 | 0.7 | 11.7 | 12.9 | |||||||||||||||||||||||||||
| >2.50% | 1,236.9 | 168.6 | 23.2 | 273.1 | 1,701.8 | |||||||||||||||||||||||||||
| Total | $ | 1,248.4 | $ | 215.5 | $ | 79.4 | $ | 284.8 | $ | 1,828.1 | ||||||||||||||||||||||
| Fixed Indexed Annuities | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 4.2 | $ | 9.1 | $ | 3.0 | $ | 43.4 | $ | 59.7 | ||||||||||||||||||||||
| 1.51%-2.50% | — | 0.4 | 0.2 | — | 0.6 | |||||||||||||||||||||||||||
| >2.50% | 20.9 | 0.1 | 61.5 | 9.8 | 92.3 | |||||||||||||||||||||||||||
| Total | $ | 25.1 | $ | 9.6 | $ | 64.7 | $ | 53.2 | $ | 152.6 | ||||||||||||||||||||||
| RILA | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 6.9 | $ | — | $ | 3.9 | $ | 0.7 | $ | 11.5 | ||||||||||||||||||||||
| 1.51%-2.50% | — | — | — | — | — | |||||||||||||||||||||||||||
| >2.50% | 39.1 | 11.9 | — | — | 51.0 | |||||||||||||||||||||||||||
| Total | $ | 46.0 | $ | 11.9 | $ | 3.9 | $ | 0.7 | $ | 62.5 | ||||||||||||||||||||||
| 2022 | ||||||||||||||||||||||||||||||||
| Minimum Guaranteed Interest Rate | At Guaranteed Minimum | 1-50bps Above | 51-150bps Above | 150+bps Above | Total | |||||||||||||||||||||||||||
| Variable Annuities | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 5,717.4 | $ | 16.0 | $ | 1.1 | $ | 71.7 | $ | 5,806.2 | ||||||||||||||||||||||
| 1.51%-2.50% | 1.6 | — | — | — | 1.6 | |||||||||||||||||||||||||||
| >2.50% | 2,978.2 | — | — | 0.1 | 2,978.3 | |||||||||||||||||||||||||||
| Total | $ | 8,697.2 | $ | 16.0 | $ | 1.1 | $ | 71.8 | $ | 8,786.1 | ||||||||||||||||||||||
| Fixed Annuities + Closed Block Annuities | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 11.9 | $ | 63.5 | $ | 77.9 | $ | — | $ | 153.3 | ||||||||||||||||||||||
| 1.51%-2.50% | 0.6 | 0.2 | 0.8 | 10.2 | 11.8 | |||||||||||||||||||||||||||
| >2.50% | 1,131.0 | 159.0 | 364.9 | — | 1,654.9 | |||||||||||||||||||||||||||
| Total | $ | 1,143.5 | $ | 222.7 | $ | 443.6 | $ | 10.2 | $ | 1,820.0 | ||||||||||||||||||||||
| Fixed Indexed Annuities | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 6.4 | $ | 17.0 | $ | 5.4 | $ | 39.8 | $ | 68.6 | ||||||||||||||||||||||
| 1.51%-2.50% | — | 0.3 | 0.1 | — | 0.4 | |||||||||||||||||||||||||||
| >2.50% | 23.9 | — | — | — | 23.9 | |||||||||||||||||||||||||||
| Total | $ | 30.3 | $ | 17.3 | $ | 5.5 | $ | 39.8 | $ | 92.9 | ||||||||||||||||||||||
| RILA | ||||||||||||||||||||||||||||||||
| 0.0%-1.50% | $ | 9.9 | $ | — | $ | 6.8 | $ | — | $ | 16.7 | ||||||||||||||||||||||
| 1.51%-2.50% | — | — | — | — | — | |||||||||||||||||||||||||||
| >2.50% | — | — | — | — | — | |||||||||||||||||||||||||||
| Total | $ | 9.9 | $ | — | $ | 6.8 | $ | — | $ | 16.7 | ||||||||||||||||||||||
| Type | Gross | Net of Loading | |||||||||
| Industrial | $ | 4 | $ | 2 | |||||||
| Ordinary new business | 129,371 | 129,219 | |||||||||
| Ordinary renewal | 77,812 | 70,544 | |||||||||
| Group Life | 3,339 | 3,320 | |||||||||
| Totals | $ | 210,526 | $ | 203,084 | |||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Transfers as reported in the Summary of Operations of the Separate | |||||||||||||||||
| Accounts Statement: | |||||||||||||||||
| Transfers to separate accounts | $ | 12,322,649 | $ | 12,457,523 | $ | 16,765,050 | |||||||||||
| Transfers from separate accounts | 15,763,006 | 13,167,324 | 17,459,230 | ||||||||||||||
| Net transfers from separate accounts | (3,440,357) | (709,801) | (694,180) | ||||||||||||||
| Reconciling adjustments: | |||||||||||||||||
| Benefit (guaranteed minimum income/withdrawal) and other fees | (2,625,142) | (2,552,656) | (2,300,771) | ||||||||||||||
| Other | (448,555) | (233,232) | 68,095 | ||||||||||||||
| Transfers as reported in the accompanying Statements of Operations | $ | (6,514,054) | $ | (3,495,689) | $ | (2,926,856) | |||||||||||
| Year | Amount | |||||||
| 2023 | $ | 2,946 | ||||||
| 2022 | 2,901 | |||||||
| 2021 | 2,693 | |||||||
| 2020 | 2,369 | |||||||
| 2019 | 2,248 | |||||||
| Nonindexed | |||||||||||||||||
| Guarantee | Nonindexed | Nonguaranteed | |||||||||||||||
| Less than/equal | Guarantee | Separate | |||||||||||||||
| to 4% | More than 4% | Accounts | Total | ||||||||||||||
| Premiums, considerations or | |||||||||||||||||
| deposits for year ended | |||||||||||||||||
| December 31, 2023 | $ | 2,803,576 | $ | — | $ | 7,910,010 | $ | 10,713,586 | |||||||||
| Nonindexed | |||||||||||||||||
| Guarantee | Nonindexed | Nonguaranteed | |||||||||||||||
| Less than/equal | Guarantee | Separate | |||||||||||||||
| to 4% | More than 4% | Accounts | Total | ||||||||||||||
| For accounts with assets at: | |||||||||||||||||
| Fair value | $ | 3,183 | $ | 1,060 | $ | 199,450,111 | $ | 199,454,354 | |||||||||
| Amortized cost | 4,838,327 | — | — | 4,838,327 | |||||||||||||
| Total reserves | $ | 4,841,510 | $ | 1,060 | $ | 199,450,111 | $ | 204,292,681 | |||||||||
| By withdrawal characteristics: | |||||||||||||||||
| With market value adjustment | $ | 211,695 | $ | 1,060 | $ | — | $ | 212,755 | |||||||||
| At book value without market | |||||||||||||||||
| value adjustment and with | |||||||||||||||||
| current surrender charge of | |||||||||||||||||
| 5% or more | 4,629,816 | — | — | 4,629,816 | |||||||||||||
| At fair value | $ | — | $ | — | $ | 199,242,491 | $ | 199,242,491 | |||||||||
| At book value without market | |||||||||||||||||
| value adjustment and with | |||||||||||||||||
| current surrender charge less | |||||||||||||||||
| than 5% | — | — | — | ||||||||||||||
| Subtotal | $ | 4,841,510 | $ | 1,060 | $ | 199,242,491 | $ | 204,085,062 | |||||||||
| Not subject to discretionary | |||||||||||||||||
| withdrawal | — | — | $ | 207,620 | 207,620 | ||||||||||||
| Total | $ | 4,841,510 | $ | 1,060 | $ | 199,450,111 | $ | 204,292,681 | |||||||||
| 2024 | $ | 5,311 | |||
| 2025 | 3,653 | ||||
| 2026 | 3,641 | ||||
| 2027 | 1,467 | ||||
| 2028 | 549 | ||||
| Thereafter | 1,250 | ||||
| Total | $ | 15,871 | |||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | ||||||||||||||
| CUSIP | Book/Adj Carrying Value Amortized cost before current period OTTI | Projected Cash Flows | Recognized other-than-temporary impairment | Amortized cost after other-than-temporary impairment | Fair Value | Financial Statement Reporting Period | ||||||||||||||
| 05493AAQ3 | 14,631,000 | 5,901,695 | 8,729,305 | 5,901,695 | 5,901,695 | Q1-2023 | ||||||||||||||
| 12666UAE3 | 1,374,910 | 1,333,650 | 41,260 | 1,333,650 | 1,333,650 | Q1-2023 | ||||||||||||||
| 00442JAD6 | 424,803 | 299,104 | 125,699 | 299,104 | 299,104 | Q2-2023 | ||||||||||||||
| 02149JAU0 | 655,298 | 622,284 | 33,014 | 622,284 | 622,284 | Q2-2023 | ||||||||||||||
| 058930AD0 | 1,740,048 | 1,737,917 | 2,131 | 1,737,917 | 1,737,917 | Q2-2023 | ||||||||||||||
| 073871BL8 | 302,006 | 291,305 | 10,701 | 291,305 | 291,305 | Q2-2023 | ||||||||||||||
| 12669FZZ9 | 1,215,284 | 1,194,691 | 20,593 | 1,194,691 | 1,194,691 | Q2-2023 | ||||||||||||||
| 36185MEV0 | 2,750,465 | 2,745,914 | 4,551 | 2,745,914 | 2,745,914 | Q2-2023 | ||||||||||||||
| 41161PVF7 | 1,755,932 | 1,469,928 | 286,004 | 1,469,928 | 1,469,928 | Q2-2023 | ||||||||||||||
| 41161PWC3 | 1,318,823 | 1,069,881 | 248,942 | 1,069,881 | 1,069,881 | Q2-2023 | ||||||||||||||
| 41161UAC6 | 1,132,948 | 1,066,882 | 66,066 | 1,066,882 | 1,066,882 | Q2-2023 | ||||||||||||||
| 57643MJV7 | 297,815 | 124,999 | 172,816 | 124,999 | 124,999 | Q2-2023 | ||||||||||||||
| 59023MAD2 | 1,967,602 | 1,530,640 | 436,963 | 1,530,640 | 1,530,640 | Q2-2023 | ||||||||||||||
| 61760CAN5 | 1,071,306 | 1,063,879 | 7,427 | 1,063,879 | 1,063,879 | Q2-2023 | ||||||||||||||
| 81743QAG9 | 1,058,139 | 955,046 | 103,093 | 955,046 | 955,046 | Q2-2023 | ||||||||||||||
| 81743QAJ3 | 3,489,570 | 3,160,128 | 329,442 | 3,160,128 | 3,160,128 | Q2-2023 | ||||||||||||||
| 94984NAA0 | 1,129,911 | 1,111,647 | 18,265 | 1,111,647 | 1,111,647 | Q2-2023 | ||||||||||||||
| 12659JAG2 | 15,504,429 | 15,461,179 | 43,250 | 15,461,179 | 15,461,179 | Q3-2023 | ||||||||||||||
| 12669FZZ9 | 1,255,224 | 1,178,379 | 76,844 | 1,178,379 | 1,178,379 | Q3-2023 | ||||||||||||||
| 17313FAA0 | 1,157,364 | 793,030 | 364,334 | 793,030 | 793,030 | Q3-2023 | ||||||||||||||
| 41161UAC6 | 1,149,202 | 1,044,703 | 104,499 | 1,044,703 | 1,044,703 | Q3-2023 | ||||||||||||||
| 12669FZL0 | 1,363,982 | 1,360,441 | 3,541 | 1,360,441 | 1,360,441 | Q4-2023 | ||||||||||||||
| 12669FZZ9 | 1,288,712 | 1,191,780 | 96,932 | 1,191,780 | 1,191,780 | Q4-2023 | ||||||||||||||
| Total | 11,325,672 | |||||||||||||||||||
| Investment income earned | ||||||||
| U.S. government bonds | $ | 89,351,814 | ||||||
| Other bonds (unaffiliated) | 1,595,834,196 | |||||||
| Bonds exempt from U.S. tax | — | |||||||
| Bonds of affiliates | — | |||||||
| Preferred stocks (unaffiliated) | 8,366,743 | |||||||
| Preferred stocks of affiliates | — | |||||||
| Common stocks (unaffiliated) | 16,018,961 | |||||||
| Common stocks of affiliates | — | |||||||
| Mortgage loans | 544,686,269 | |||||||
| Real estate | 39,029,351 | |||||||
| Contract loans | 389,978,901 | |||||||
| Cash, cash equivalents and short-term investments | 75,900,937 | |||||||
| Derivative instruments | (346,579,577) | |||||||
| Other invested assets | 687,890,688 | |||||||
| Aggregate write-ins for investment income | 255,131 | |||||||
| Total investment income | $ | 3,100,733,414 | ||||||
| Real estate owned - book value less encumbrances | $ | 226,591,548 | ||||||
| Mortgage loans by type - book value | ||||||||
| Farm mortgages | $ | — | ||||||
| Residential mortgages | 1,012,728,287 | |||||||
| Commercial mortgages | 9,265,583,270 | |||||||
| Total mortgage loans | $ | 10,278,311,557 | ||||||
| Mortgage loans by standing - book value | ||||||||
| Good standing | $ | 10,185,103,706 | ||||||
| Good standing with restructured loans | $ | — | ||||||
| Interest overdue more than 90 days, not in foreclosure | $ | 67,606,898 | ||||||
| Foreclosure in process | $ | 25,600,953 | ||||||
| Other long term assets - statement value | $ | 2,083,122,612 | ||||||
| Contract loans | $ | 4,241,715,886 | ||||||
| Bonds & stocks of parents, subsidiaries and affiliates - book value | ||||||||
| Bonds | $ | — | ||||||
| Preferred stocks | $ | — | ||||||
| Common stocks | $ | 726,277,726 | ||||||
| Bonds and short-term investments by class and maturity: | ||||||||
| Bonds by maturity - statement value | ||||||||
| Due within one year or less | $ | 3,692,752,787 | ||||||
| Over 1 year through 5 years | 10,484,691,905 | |||||||
| Over 5 years through 10 years | 11,224,789,657 | |||||||
| Over 10 years through 20 years | 7,829,490,315 | |||||||
| Over 20 years | 6,144,467,181 | |||||||
| Total by maturity | $ | 39,376,191,845 | ||||||
| Bonds by class - statement value | ||||||||
| Class 1 | $ | 23,437,489,353 | ||||||
| Class 2 | 15,037,149,680 | |||||||
| Class 3 | 739,836,528 | |||||||
| Class 4 | 147,540,768 | |||||||
| Class 5 | 6,739,297 | |||||||
| Class 6 | 7,436,219 | |||||||
| Total by class | $ | 39,376,191,845 | ||||||
| Total bonds publicly traded | $ | 21,428,589,805 | ||||||
| Total bonds privately placed | $ | 17,947,602,041 | ||||||
| Preferred stocks - statement value | $ | 172,812,053 | ||||||
| Common stocks - market value | $ | 1,105,540,606 | ||||||
| Short-term investments - book value | $ | 1,118,412,043 | ||||||
| Options, caps and floors owned - statement value | $ | 211,384,642 | ||||||
| Options, caps and floors written & in force - statement value | $ | (904,690,873) | ||||||
| Collar, swap and forward agreements open - statement value | $ | (126,568,354) | ||||||
| Futures contracts open - current value | $ | — | ||||||
| Cash on deposit | $ | 192,715,787 | ||||||
| Cash equivalents | $ | 753,199,633 | ||||||
| Life insurance in force | ||||||||
| Industrial | $ | 220,516,000 | ||||||
| Ordinary | $ | 42,686,987,000 | ||||||
| Credit life | $ | — | ||||||
| Group life | $ | 759,201,000 | ||||||
| Amount of accidental death benefits in force under ordinary policies | $ | 1,444,961,000 | ||||||
| Life insurance policies with disability provisions in force | ||||||||
| Industrial | $ | 71,000 | ||||||
| Ordinary | $ | 3,638,074,000 | ||||||
| Credit life | $ | — | ||||||
| Group life | $ | 159,019,000 | ||||||
| Supplementary contracts in force: | ||||||||
| Ordinary - not involving life contingencies- | ||||||||
| Amount on deposit | $ | 191,027,115 | ||||||
| Income payable | $ | 8,554,822 | ||||||
| Ordinary - involving life contingencies- | ||||||||
| Amount on deposit | $ | 14,195,623 | ||||||
| Income payable | $ | 5,011,762 | ||||||
| Group - not involving life contingencies- | ||||||||
| Amount on deposit | $ | 414,563 | ||||||
| Income payable | $ | 178,788 | ||||||
| Group - involving life contingencies- | ||||||||
| Amount on deposit | $ | 15,189,029 | ||||||
| Income payable | $ | 1,918,448 | ||||||
| Annuities: | ||||||||
| Ordinary- | ||||||||
| Immediate - amount of income payable | $ | 224,562,471 | ||||||
| Deferred - fully paid account balance | $ | 1,272,268,647 | ||||||
| Deferred - not fully paid - account balance | $ | 8,862,721,713 | ||||||
| Group- | ||||||||
| Amount of income payable | $ | 462,009,455 | ||||||
| Fully paid account balance | $ | 6,815,568 | ||||||
| Not fully paid - account balance | $ | 715,332,066 | ||||||
| Accident and health insurance - premiums in force: | ||||||||
| Ordinary | $ | — | ||||||
| Group | $ | — | ||||||
| Credit | $ | — | ||||||
| Deposit funds and dividend accumulations: | ||||||||
| Deposit funds - account balance | $ | 20,807,872 | ||||||
| Dividend accumulations - account balance | $ | 44,180,104 | ||||||
| 1) | Total admitted assets (excluding Separate Accounts): | $ | 61,127,932,391 | ||||||||||||||||||||
| 2) | 10 largest exposures to a single issuer/borrower/investment (excluding US Government): | ||||||||||||||||||||||
| Issuer | Category | Amount | Percentage | ||||||||||||||||||||
| JACKSON NATIONAL LIFE INS OF NEW YORK | AFFILIATED DOMESTIC SECURITIES | $ | 720,061,326 | 1.2 | % | ||||||||||||||||||
| AP TUNDRA | UNAFFILIATED DOMESTIC SECURITIES/PARTNERSHIP | 278,536,897 | 0.5 | % | |||||||||||||||||||
| CAYMAN UNIVERSE HOLDINGS | UNAFFILIATED FOREIGN SECURITIES/PARTNERSHIP | 260,878,063 | 0.4 | % | |||||||||||||||||||
| DUKE ENERGY | UNAFFILIATED DOMESTIC SECURITIES | 242,173,952 | 0.4 | % | |||||||||||||||||||
| PPM America Private Equity Fund VIII-A, L.P. | AFFILIATED DOMESTIC PARTNERSHIP | 209,053,153 | 0.3 | % | |||||||||||||||||||
| AMERICAN ELECTRIC POWER CO INC TEXAS | UNAFFILIATED DOMESTIC SECURITIES | 196,666,583 | 0.3 | % | |||||||||||||||||||
| WEC ENERGY GROUP INC | UNAFFILIATED DOMESTIC SECURITIES | 173,148,844 | 0.3 | % | |||||||||||||||||||
| SOUTHERN CO GAS CAPITAL | UNAFFILIATED DOMESTIC SECURITIES | 168,649,879 | 0.3 | % | |||||||||||||||||||
| ALDAR INVESTMENTS HYBRID LIMIT | UNAFFILIATED FOREIGN SECURITIES | 166,500,000 | 0.3 | % | |||||||||||||||||||
| PROLOGIS | UNAFFILIATED DOMESTIC SECURITIES | 166,409,304 | 0.3 | % | |||||||||||||||||||
| 3) | Amounts and percentages of total admitted assets held in bonds and preferred stocks by NAIC rating. | ||||||||||||||||||||||||||||||||||
| Bonds | Amount | Percentage | Preferred Stock | Amount | Percentage | ||||||||||||||||||||||||||||||
| NAIC-1 | $ | 23,437,489,352 | 38.3 | % | P/RP-1 | $ | 3,539,888 | 0.0 | % | ||||||||||||||||||||||||||
| NAIC-2 | $ | 15,037,149,680 | 24.6 | % | P/RP-2 | $ | 118,760,313 | 0.2 | % | ||||||||||||||||||||||||||
| NAIC-3 | $ | 739,836,528 | 1.2 | % | P/RP-3 | $ | 50,343,430 | 0.1 | % | ||||||||||||||||||||||||||
| NAIC-4 | $ | 147,540,769 | 0.2 | % | P/RP-4 | $ | — | 0.0 | % | ||||||||||||||||||||||||||
| NAIC-5 | $ | 6,739,296 | 0.0 | % | P/RP-5 | $ | — | 0.0 | % | ||||||||||||||||||||||||||
| NAIC-6 | $ | 7,436,219 | 0.0 | % | P/RP-6 | $ | 168,422 | 0.0 | % | ||||||||||||||||||||||||||
| 4) | Assets held in foreign investments: | ||||||||||||||||||||||||||||||||||
| Amount | Percentage | ||||||||||||||||||||||||||||||||||
| Total admitted assets held in foreign investments | $ | 8,372,512,899 | 13.7 | % | |||||||||||||||||||||||||||||||
| Foreign-currency-denominated investments | $ | 1,422,376,337 | 2.3 | % | |||||||||||||||||||||||||||||||
| Insurance liabilities denominated in that same foreign currency | $ | — | 0.0 | % | |||||||||||||||||||||||||||||||
| 5) | Aggregate foreign investment exposure categorized by NAIC sovereign rating: | ||||||||||||||||||||||||||||||||||
| Amount | Percentage | ||||||||||||||||||||||||||||||||||
| Countries rated NAIC-1 | $ | 7,400,469,617 | 12.1 | % | |||||||||||||||||||||||||||||||
| Countries rated NAIC-2 | $ | 694,086,825 | 1.1 | % | |||||||||||||||||||||||||||||||
| Countries rated NAIC-3 or below | $ | 277,956,457 | 0.5 | % | |||||||||||||||||||||||||||||||
| 6) | Two largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign rating: | ||||||||||||||||||||||||||||||||||
| Amount | Percentage | ||||||||||||||||||||||||||||||||||
| Countries rated NAIC-1: | |||||||||||||||||||||||||||||||||||
| UNITED KINGDOM | $ | 1,688,720,683 | 2.8 | % | |||||||||||||||||||||||||||||||
| CAYMAN ISLANDS | $ | 1,405,614,280 | 2.3 | % | |||||||||||||||||||||||||||||||
| Countries rated NAIC-2: | |||||||||||||||||||||||||||||||||||
| MEXICO | $ | 240,122,343 | 0.4 | % | |||||||||||||||||||||||||||||||
| INDONESIA | $ | 138,172,592 | 0.2 | % | |||||||||||||||||||||||||||||||
| Countries rated NAIC-3 or below: | |||||||||||||||||||||||||||||||||||
| BRAZIL | $ | 64,674,273 | 0.1 | % | |||||||||||||||||||||||||||||||
| COLUMBIA | $ | 44,641,031 | 0.1 | % | |||||||||||||||||||||||||||||||
| 7) | There is no unhedged foreign currency exposure. | ||||||||||||||||||||||||||||||||||
| 8) | There is no unhedged foreign currency exposure. | ||||||||||||||||||||||||||||||||||
| 9) | There is no unhedged foreign currency exposure | ||||||||||||||||||||||||||||||||||
| 10) | Two largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign rating: | ||||||||||||||||||||||||||||||||||
| Issuer | NAIC Rating | Amount | Percentage | ||||||||||||||||||||||||||||||||
| CAYMAN UNIVERSE HOLDINGS | 1 | $ | 260,878,063 | 0.4 | % | ||||||||||||||||||||||||||||||
| TAKEDA PHARMACEUTICAL CO LTD | 2 | $ | 107,384,487 | 0.2 | % | ||||||||||||||||||||||||||||||
| ANHEUSER-BUSCH | 1 | $ | 107,093,493 | 0.2 | % | ||||||||||||||||||||||||||||||
| BARD BIDCO LIMITED | MORTGAGE LOAN | $ | 102,715,190 | 0.2 | % | ||||||||||||||||||||||||||||||
| UBS | 1 | $ | 97,845,483 | 0.2 | % | ||||||||||||||||||||||||||||||
| CODELCO | 2 | $ | 93,641,868 | 0.2 | % | ||||||||||||||||||||||||||||||
| BRITISH AMERICAN TOBACCO PLC | 2 | $ | 92,263,240 | 0.2 | % | ||||||||||||||||||||||||||||||
| AIRBUS SE | 1 | $ | 89,539,817 | 0.1 | % | ||||||||||||||||||||||||||||||
| CSL LIMITED | 1 | $ | 81,179,790 | 0.1 | % | ||||||||||||||||||||||||||||||
| DYSON FINANCE | 1 | $ | 78,913,783 | 0.1 | % | ||||||||||||||||||||||||||||||
| 11) | There were no assets held in Canadian investments that exceeded 2.5% of the Company's total admitted assets. | ||||
| 12) | There were no assets held in investments with contractual sales restrictions that exceeded 2.5% of the Company's total admitted assets. | ||||
| 13) | Amounts and percentages of admitted assets held in the ten largest equity interests: | ||||||||||||||||||||||||||||||||||
| Issuer | Amount | Percentage | |||||||||||||||||||||||||||||||||
| JACKSON NATIONAL LIFE INS OF NEW YORK | $ | 720,061,326 | 1.2 | % | |||||||||||||||||||||||||||||||
| PPM America Private Equity Fund VIII-A, L.P. | $ | 209,053,153 | 0.3 | % | |||||||||||||||||||||||||||||||
| FIDELITY CONSERVATIVE INCOME | $ | 181,818,183 | 0.3 | % | |||||||||||||||||||||||||||||||
| SFR Delos Partners, L.P. | $ | 145,187,296 | 0.2 | % | |||||||||||||||||||||||||||||||
| Pretium Olympus JV, L.P. | $ | 116,332,424 | 0.2 | % | |||||||||||||||||||||||||||||||
| FHLBICLASS B-1 | $ | 90,000,000 | 0.1 | % | |||||||||||||||||||||||||||||||
| Motive Capital Fund II-A, L.P. | $ | 79,434,243 | 0.1 | % | |||||||||||||||||||||||||||||||
| AOP Finance Partners, L.P. | $ | 56,738,825 | 0.1 | % | |||||||||||||||||||||||||||||||
| AA GP Solutions Fund, L.P. | $ | 52,513,695 | 0.1 | % | |||||||||||||||||||||||||||||||
| NNN AGP Opportunities Fund II, L.P. | $ | 50,429,419 | 0.1 | % | |||||||||||||||||||||||||||||||
| 14) | There were no assets held in nonaffiliated, privately placed equities, exceeding 2.5% of the Company’s total admitted assets. | ||||
| 15) | There were no assets held in general partnership interests that exceeded 2.5% of the Company’s total admitted assets. | ||||
| 16) | Amounts and percentages of total admitted assets held in the ten largest mortgage loans: | |||||||||||||||||||||||||||||||
| Type | Amount | Percentage | ||||||||||||||||||||||||||||||
| COMMERCIAL | $ | 230,000,000 | 0.4 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 200,000,000 | 0.3 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 151,955,996 | 0.2 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 110,000,000 | 0.2 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 108,328,570 | 0.2 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 105,475,053 | 0.2 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 102,715,190 | 0.2 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 96,574,752 | 0.2 | % | ||||||||||||||||||||||||||||
| RESIDENTIAL | $ | 95,000,000 | 0.2 | % | ||||||||||||||||||||||||||||
| COMMERCIAL | $ | 85,000,000 | 0.1 | % | ||||||||||||||||||||||||||||
| Amount and percentage of the reporting entity's total admitted assets held in the following categories of mortgage loans: | ||||||||||||||||||||||||||||||||
| 16.12 | Construction loans | $ | — | 0.0 | % | |||||||||||||||||||||||||||
| 16.13 | Mortgage loans over 90 days past due | $ | 67,606,898 | 0.1 | % | |||||||||||||||||||||||||||
| 16.14 | Mortgage loans in the process of foreclosure | $ | 25,600,953 | 0.0 | % | |||||||||||||||||||||||||||
| 16.15 | Mortgage loans foreclosed | $ | — | 0.0 | % | |||||||||||||||||||||||||||
| 16.16 | Restructured mortgage loans | $ | — | 0.0 | % | |||||||||||||||||||||||||||
| 17) | Aggregate mortgage loans having the following loan-to-value ratios as determined from the most current appraisal as of the annual statement date: | |||||||||||||||||||||||||||||||
| Commercial | ||||||||||||||||||||||||||||||||
| Loan to Value | Amount | Percentage | ||||||||||||||||||||||||||||||
| above 95% | $ | 107,547,554 | 0.2 | % | ||||||||||||||||||||||||||||
| 91 to 95% | $ | 25,000,000 | 0.0 | % | ||||||||||||||||||||||||||||
| 81 to 90% | $ | 127,347,705 | 0.2 | % | ||||||||||||||||||||||||||||
| 71 to 80% | $ | 700,269,016 | 1.1 | % | ||||||||||||||||||||||||||||
| below 70% | $ | 8,305,418,995 | 13.6 | % | ||||||||||||||||||||||||||||
| Residential | ||||||||||||||||||||||||||||||||
| Loan to Value | Amount | Percentage | ||||||||||||||||||||||||||||||
| above 95% | $ | 40,723,908 | 0.1 | % | ||||||||||||||||||||||||||||
| 91 to 95% | $ | 33,429,544 | 0.1 | % | ||||||||||||||||||||||||||||
| 81 to 90% | $ | 44,909,024 | 0.1 | % | ||||||||||||||||||||||||||||
| 71 to 80% | $ | 110,248,087 | 0.2 | % | ||||||||||||||||||||||||||||
| below 70% | $ | 783,417,723 | 1.3 | % | ||||||||||||||||||||||||||||
| 18) | There were no assets held in real estate that exceeded 2.5% of the Company's total admitted assets. | ||||
| 19) | There were no assets held in mezzanine real estate loans that exceeded 2.5% of the Company’s total admitted assets. | ||||
| 20) | Amounts and percentages of total admitted assets subject to the following types of agreements: | ||||
| At year end | At end of each quarter | ||||||||||||||||||||||||||||||||||
| Agreement type | Amount | Percentage | 1st Qtr | 2nd Qtr | 3rd Qtr | ||||||||||||||||||||||||||||||
| Securities lending | $ | 13,029,678 | 0.0 | % | $ | 29,719,700 | $ | 48,611,367 | $ | 21,898,794 | |||||||||||||||||||||||||
| Repurchase | — | 0.0 | % | 1,191,220,851 | 1,849,033,970 | — | |||||||||||||||||||||||||||||
| Reverse repurchase | — | 0.0 | % | — | — | — | |||||||||||||||||||||||||||||
| Dollar repurchase | — | 0.0 | % | — | — | — | |||||||||||||||||||||||||||||
| Dollar reverse repurchase | — | 0.0 | % | — | — | — | |||||||||||||||||||||||||||||
| 21) | Amounts and percentages of total admitted assets for warrants not attached to other financial instruments, options, caps and floors: | ||||
| Owned | Written | ||||||||||||||||||||||||||||
| Type | Amount | Percentage | Amount | Percentage | |||||||||||||||||||||||||
| Hedging | $ | 211,384,642 | 0.3 | % | $ | 904,690,873 | 1.5 | % | |||||||||||||||||||||
| 22) | Amounts and percentages of total admitted assets of potential exposure for collars, swaps and forwards: | ||||
| At year end | At end of each quarter | ||||||||||||||||||||||||||||||||||
| Type | Amount | Percentage | 1st Qtr | 2nd Qtr | 3rd Qtr | ||||||||||||||||||||||||||||||
| Hedging | $ | 70,440,427 | 0.1 | % | $ | 105,046,098 | $ | 87,330,712 | $ | 84,465,235 | |||||||||||||||||||||||||
| 23) | Amounts and percentages of total admitted assets of potential exposure for futures contracts: | ||||
| At year end | At end of each quarter | ||||||||||||||||||||||||||||||||||
| Type | Amount | Percentage | 1st Qtr | 2nd Qtr | 3rd Qtr | ||||||||||||||||||||||||||||||
| Hedging | $ | 1,948,415,606 | 3.2 | % | $ | 1,151,311,984 | $ | 749,662,240 | $ | 716,847,768 | |||||||||||||||||||||||||
| Gross Investment Holdings | Admitted Assets as Reported in the Annual Statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Categories | Amount | Percentage | Amount | Securities Lending Reinvested Collateral Amount | Total Amount | Percentage | |||||||||||||||||||||||||||||||||||||||||||||||
| Bonds: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| U.S. governments | 4,246,462,599 | 7.25 | % | 4,246,462,599 | — | 4,246,462,599 | 7.25 | % | |||||||||||||||||||||||||||||||||||||||||||||
| All other governments | 653,341,951 | 1.11 | % | 653,341,951 | — | 653,341,951 | 1.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| U.S. states, territories and possessions, guaranteed | 277,358,421 | 0.47 | % | 277,358,421 | — | 277,358,421 | 0.47 | % | |||||||||||||||||||||||||||||||||||||||||||||
| U.S. political subdivisions of states, territories | 52,206,094 | 0.09 | % | 52,206,094 | — | 52,206,094 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| U.S. special revenue and special assessment obligations | 829,634,914 | 1.42 | % | 829,634,914 | — | 829,634,914 | 1.42 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Industrial and miscellaneous | 32,114,040,806 | 54.80 | % | 32,114,040,806 | — | 32,114,040,806 | 54.82 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hybrid securities | 26,454,377 | 0.05 | % | 26,454,377 | — | 26,454,377 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Unaffiliated bank loans | 58,280,640 | 0.10 | % | 58,280,640 | — | 58,280,640 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Preferred Stocks: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Industrial and miscellaneous (unaffiliated) | 172,812,053 | 0.29 | % | 172,812,053 | — | 172,812,053 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Common Stocks: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Industrial and miscellaneous publicly traded (unaffiliated) | 227,575 | — | % | 227,575 | — | 227,575 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Industrial and miscellaneous Other (unaffiliated) | 117,303,995 | 0.20 | % | 117,303,995 | — | 117,303,995 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Parent, subsidiaries and affiliates other | 726,277,725 | 1.24 | % | 721,253,660 | — | 721,253,660 | 1.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mutual funds | 266,755,376 | 0.46 | % | 266,755,376 | — | 266,755,376 | 0.46 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mortgage loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgages | 1,002,349,209 | 1.71 | % | 1,002,349,209 | — | 1,002,349,209 | 1.71 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Commercial loans | 8,423,390,541 | 14.37 | % | 8,423,390,541 | — | 8,423,390,541 | 14.38 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mezzanine real estate loans | 867,380,778 | 1.48 | % | 867,380,778 | 867,380,778 | 1.48 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Total valuation allowance | (14,808,971) | (0.03) | % | (14,808,971) | (14,808,971) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Real estate: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property occupied by the company | 213,878,328 | 0.36 | % | 213,878,327 | — | 213,878,327 | 0.37 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Property held for the production of income | 7,172,124 | 0.01 | % | 7,172,124 | 7,172,124 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Property held for sale | 5,541,097 | 0.01 | % | 5,541,097 | — | 5,541,097 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cash, cash equivalents and short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash equivalents - short term | 1,118,412,043 | 1.91 | % | 1,118,412,043 | — | 1,118,412,043 | 1.91 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cash | 192,715,787 | 0.33 | % | 192,715,787 | — | 192,715,787 | 0.33 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cash equivalents | 753,199,633 | 1.29 | % | 753,199,633 | 13,049,799 | 766,249,432 | 1.31 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Contract loans | 4,243,593,375 | 7.24 | % | 4,241,715,886 | — | 4,241,715,886 | 7.24 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Derivatives | 84,816,291 | 0.14 | % | 84,816,291 | — | 84,816,291 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Other invested assets | 2,101,790,972 | 3.59 | % | 2,083,122,612 | 2,083,122,612 | 3.56 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Receivables for securities | 48,966,740 | 0.08 | % | 48,966,740 | — | 48,966,740 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Securities lending | 13,049,799 | 0.02 | % | 13,049,799 | XXX | XXX | XXX | ||||||||||||||||||||||||||||||||||||||||||||||
| $ | 58,602,604,272 | 100.00 | % | $ | 58,577,034,357 | $ | 13,049,799 | $ | 58,577,034,357 | 100.00 | % | ||||||||||||||||||||||||||||||||||||||||||
| 1. | Does the reporting entity have any reinsurance contracts subject to A-791 that include a provision, which limits the reinsurer's assumption of significant risks identified as in A-791? | |||||||||||||||||||||||||||||||
| Yes | ||||||||||||||||||||||||||||||||
The Company’s Guaranteed Minimum Income Benefits on Variable Annuities (GMIBs) are reinsured with Chubb Tempest Life Reinsurance LTD. GMIB reinsured benefits are subject to aggregate annual claim limits. Deductibles also apply on reinsurance of GMIB business issued since March 1, 2005. At December 31, 2023, the Company recorded a $1,146,443 reserve credit in consideration of the GMIB cession that is fully collateralized through a combination of letters of credit and a reinsurance trust. The reserve credit considers the treaty’s risk limiting factors. | ||||||||||||||||||||||||||||||||
| 2. | Does the reporting entity have any reinsurance contracts not subject to A-791, for which reinsurance accounting was applied and includes a provision that limits the reinsurer's assumption risk? | |||||||||||||||||||||||||||||||
| No | ||||||||||||||||||||||||||||||||
| 3. | Does the reporting entity have any reinsurance contracts that contain features described below which result in delays in payment in form or in fact: | |||||||||||||||||||||||||||||||
| a. | Provisions which permit the reporting of losses, or settlements are made, less frequently than quarterly or payments due from the reinsurer are not made in cash within ninety days of the settlement date? | |||||||||||||||||||||||||||||||
| No | ||||||||||||||||||||||||||||||||
| b. | Payment schedule, accumulating retentions from multiple years or any features inherently designed to delay timing of the reimbursement to the ceding entity? | |||||||||||||||||||||||||||||||
| No | ||||||||||||||||||||||||||||||||
| 4. | Does the reporting entity reflect a reinsurance accounting credit for any contracts not subject to Appendix A-791 and not yearly renewable term, which meet the risk transfer requirements of SSAP No. 61R for the following? | |||||||||||||||||||||||||||||||
| a. | Assumption Reinsurance? | No | ||||||||||||||||||||||||||||||
| b. | Non-proportional reinsurance, which does not result in significant surplus relief? | No | ||||||||||||||||||||||||||||||
| 5. | Does the reporting entity cede any risk which is not subject to A-791 and not yearly renewable term reinsurance, under any reinsurance contract during the period covered by the financial statement, and either: | |||||||||||||||||||||||||||||||
| a. | Accounted for that contract as reinsurance under SAP and as a deposit under GAAP; or | No | ||||||||||||||||||||||||||||||
| b. | Accounted for that contract as reinsurance under GAAP and as a deposit under SAP? | No | ||||||||||||||||||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| (in millions) | ||||||||||||||||||||
| Net income (loss) attributable to Jackson Financial Inc. common shareholders | $ | 899 | $ | 6,186 | $ | 3,417 | ||||||||||||||
| Adjusted Operating Earnings | 1,073 | 1,454 | 2,179 | |||||||||||||||||
| Total shareholders' equity | $ | 10,170 | $ | 8,646 | $ | 7,641 | ||||||||||||||
| Less: Preferred stock | 533 | — | — | |||||||||||||||||
| Total common shareholders' equity | 9,637 | 8,646 | 7,641 | |||||||||||||||||
| Adjustments to total common shareholders’ equity: | ||||||||||||||||||||
Exclude AOCI attributable to Jackson Financial Inc. (1) | 1,196 | 1,272 | (1,073) | |||||||||||||||||
| Adjusted Book Value Attributable to Common Shareholders | $ | 10,833 | $ | 9,918 | $ | 6,568 | ||||||||||||||
| ROE Attributable to Common Shareholders | 10.3 | % | 69.7 | % | 44.1 | % | ||||||||||||||
| Adjusted Operating ROE Attributable to Common Shareholders on average equity | 10.6 | % | 16.2 | % | 32.8 | % | ||||||||||||||
(1) Excludes $(1,612) million, $(2,106) million and $287 million related to the investments held within the funds withheld account related to the Athene Reinsurance Transaction as of December 31, 2023, 2022 and 2021, respectively, which are not attributable to Jackson Financial Inc. and are therefore not included as an adjustment to total shareholders’ equity in the reconciliation of Adjusted Book Value Attributable to Common Shareholders to total shareholders’ equity. | ||||||||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| (in millions) | ||||||||||||||||||||
| Net income (loss) attributable to Jackson Financial Inc common shareholders | $ | 899 | $ | 6,186 | $ | 3,417 | ||||||||||||||
| Add: dividends on preferred stock | 35 | — | — | |||||||||||||||||
| Add: income tax expense (benefit) | 4 | 1,505 | 666 | |||||||||||||||||
| Pretax income (loss) attributable to Jackson Financial Inc | 938 | 7,691 | 4,083 | |||||||||||||||||
| Non-operating adjustments (income) loss: | ||||||||||||||||||||
| Guaranteed benefits and hedging results: | ||||||||||||||||||||
| Fees attributable to guarantee benefit reserves | (3,125) | (3,077) | (2,855) | |||||||||||||||||
| Net movement in freestanding derivatives | 4,651 | 2,744 | 5,674 | |||||||||||||||||
| Market risk benefits (gains) losses, net | (3,897) | (3,536) | (3,966) | |||||||||||||||||
| Net reserve and embedded derivative movements | 787 | 222 | 141 | |||||||||||||||||
| Amortization of DAC associated with non-operating items at date of transition to LDTI | 591 | 658 | 737 | |||||||||||||||||
| Total guaranteed benefits and net hedging results | (993) | (2,989) | (269) | |||||||||||||||||
| Net realized investment (gains) losses | 554 | 359 | (182) | |||||||||||||||||
| Net realized investment (gains) losses on funds withheld assets | 1,801 | (2,186) | 21 | |||||||||||||||||
| Net investment income on funds withheld assets | (1,174) | (1,254) | (1,188) | |||||||||||||||||
| Other items | 39 | 22 | 36 | |||||||||||||||||
| Total non-operating adjustments | 227 | (6,048) | (1,582) | |||||||||||||||||
| Pretax adjusted operating earnings | 1,165 | 1,643 | 2,501 | |||||||||||||||||
| Less: operating income tax expense (benefit) | 57 | 189 | 322 | |||||||||||||||||
| Adjusted operating earnings before dividends on preferred stock | 1,108 | 1,454 | 2,179 | |||||||||||||||||
| Less: dividends on preferred stock | 35 | — | — | |||||||||||||||||
| Adjusted operating earnings | $ | 1,073 | $ | 1,454 | $ | 2,179 | ||||||||||||||
| Years Ended December 31, | ||||||||
| 2023 | ||||||||
| (in millions) | ||||||||
Pretax adjusted operating earnings (1) | $ | 1,165 | ||||||
| Net impact of equity market total returns in 2023 outside of a pre-defined corridor | 13 | |||||||
| Net impact of the Company's annual actuarial assumption review | 60 | |||||||
| Pretax adjusted operating earnings, adjusted as described above | $ | 1,238 | ||||||
| Years Ended December 31, | ||||||||
| 2023 | ||||||||
| (in millions) | ||||||||
| General and administrative expenses per 10-K | $ | 1,007 | ||||||
| Costs related to nonqualified deferred compensation plans | (58) | |||||||
| Costs of PPM related to investment management fees paid by third parties | (59) | |||||||
| Compensation expense related to annual bonuses and long-term incentive award | (188) | |||||||
| Other | 12 | |||||||
| Total Controllable costs | $ | 714 | ||||||