WIXLIB

STATEMENT AS OF SEPTEMBER 30, 2019 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANYLIABILITIES, SURPLUS AND OTHER FUNDS1CurrentStatement Date54,484,181,673 less 0 included in Line 6.3Aggregate reserve for life contracts 0 Modco Reserve)(including 0 Modco Reserve)2. Aggregate reserve for accident and health contracts (including 0 Modco Reserve)3. Liability for deposit-type contracts (including 4. Contract claims:4.1 Life4.2 Accident and health355,761 and coupons 0 due5. Policyholders’ dividends/refunds to members and unpaid6. Provision for policyholders’ dividends, refunds to members and coupons payable in following calendar year - estimatedamounts:06.1 Policyholders’ dividends and refunds to members apportioned for payment (including Modco)0 Modco)6.2 Policyholders’ dividends and refunds to members not yet apportioned (including 0 Modco)6.3 Coupons and similar benefits (including 7. Amount provisionally held for deferred dividend policies not included in Line 68. Premiums and annuity considerations for life and accident and health contracts received in advance less0 discount; including 0 accident and health premiums 9. Contract liabilities not included elsewhere:9.1 Surrender values on canceled contracts9.2 Provision for experience rating refunds, including the liability of 0 accident and healthexperience rating refunds of which 0 is for medical loss ratio rebate per the Public HealthService Act(50,910,323) assumed and 12,691,4909.3 Other amounts payable on reinsurance, including ceded9.4 Interest Maintenance Reserve104,131,127 , accident and health10. Commissions to agents due or accrued-life and annuity contracts 0 and deposit-type contract funds 0 11. Commissions and expense allowances payable on reinsurance assumed12. General expenses due or accrued(5,111,960,603) accrued for expense13. Transfers to Separate Accounts due or accrued (net) (including allowances recognized in reserves, net of reinsured allowances)14. Taxes, licenses and fees due or accrued, excluding federal income taxes0 on realized capital gains (losses)15.1 Current federal and foreign income taxes, including 15.2 Net deferred tax liability16. Unearned investment income17. Amounts withheld or retained by reporting entity as agent or trustee6,668,571 agents' credit balances18. Amounts held for agents' account, including 19. Remittances and items not allocated20. Net adjustment in assets and liabilities due to foreign exchange rates21. Liability for benefits for employees and agents if not included above77,342,108 and interest thereon 74,16022. Borrowed money 23. Dividends to stockholders declared and unpaid24. Miscellaneous liabilities:24.01 Asset valuation reserve0 ) companies24.02 Reinsurance in unauthorized and certified ( 0 ) reinsurers24.03 Funds held under reinsurance treaties with unauthorized and certified ( 24.04 Payable to parent, subsidiaries and affiliates24.05 Drafts outstanding24.06 Liability for amounts held under uninsured plans24.07 Funds held under coinsurance24.08 Derivatives24.09 Payable for securities24.10 Payable for securities lending0 and interest thereon 024.11 Capital notes 25. Aggregate write-ins for liabilities26. Total liabilities excluding Separate Accounts business (Lines 1 to 25)27. From Separate Accounts Statement28. Total liabilities (Lines 26 and 27)29. Common capital stock30. Preferred capital stock31. Aggregate write-ins for other than special surplus funds32. Surplus notes33. Gross paid in and contributed surplus34. Aggregate write-ins for special surplus funds35. Unassigned funds (surplus)36. Less treasury stock, at cost:0 shares common (value included in Line 29 0 )36.10 shares preferred (value included in Line 30 0 )36.20 in Separate Accounts Statement)37. Surplus (Total Lines 31 32 33 34 35-36) (including 38. Totals of Lines 29, 30 and 3739. Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)DETAILS OF WRITE-INS2501. Deferred compensation2502. Deferred rent2503. Founders Plan liability2598. Summary of remaining write-ins for Line 25 from overflow page2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)3101.3102.3103.3198. Summary of remaining write-ins for Line 31 from overflow page3199. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)3401. Interest rate swaps adjustment per permitted practice3402.3403.3498. Summary of remaining write-ins for Line 34 from overflow page3499. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)2December 31Prior 000(164,710,140)

STATEMENT AS OF SEPTEMBER 30, 2019 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANYSUMMARY OF OPERATIONS1Current YearTo ums and annuity considerations for life and accident and health contractsConsiderations for supplementary contracts with life contingenciesNet investment incomeAmortization of Interest Maintenance Reserve (IMR)Separate Accounts net gain from operations excluding unrealized gains or lossesCommissions and expense allowances on reinsurance cededReserve adjustments on reinsurance cededMiscellaneous Income:8.1 Income from fees associated with investment management, administration and contractguarantees from Separate Accounts8.2 Charges and fees for deposit-type contracts8.3 Aggregate write-ins for miscellaneous incomeTotals (Lines 1 to 8.3)Death benefitsMatured endowments (excluding guaranteed annual pure endowments)Annuity benefitsDisability benefits and benefits under accident and health contractsCoupons, guaranteed annual pure endowments and similar benefitsSurrender benefits and withdrawals for life contractsGroup conversionsInterest and adjustments on contract or deposit-type contract fundsPayments on supplementary contracts with life contingenciesIncrease in aggregate reserves for life and accident and health contractsTotals (Lines 10 to 19)Commissions on premiums, annuity considerations, and deposit-type contract funds (directbusiness only)Commissions and expense allowances on reinsurance assumedGeneral insurance expenses and fraternal expensesInsurance taxes, licenses and fees, excluding federal income taxesIncrease in loading on deferred and uncollected premiumsNet transfers to or (from) Separate Accounts net of reinsuranceAggregate write-ins for deductionsTotals (Lines 20 to 27)Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minusLine 28)Dividends to policyholders and refunds to membersNet gain from operations after dividends to policyholders, refunds to members and before federalincome taxes (Line 29 minus Line 30)Federal and foreign income taxes incurred (excluding tax on capital gains)Net gain from operations after dividends to policyholders, refunds to members and federal incometaxes and before realized capital gains or (losses) (Line 31 minus Line 32)Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital(914,056,953) (excluding taxes of 37,052,773gains tax of transferred to the IMR)Net income (Line 33 plus Line 34)CAPITAL AND SURPLUS ACCOUNTCapital and surplus, December 31, prior yearNet income (Line 35)138,047,255Change in net unrealized capital gains (losses) less capital gains tax of Change in net unrealized foreign exchange capital gain (loss)Change in net deferred income taxChange in nonadmitted assetsChange in liability for reinsurance in unauthorized and certified companiesChange in reserve on account of change in valuation basis, (increase) or decreaseChange in asset valuation reserveChange in treasury stockSurplus (contributed to) withdrawn from Separate Accounts during periodOther changes in surplus in Separate Accounts StatementChange in surplus notesCumulative effect of changes in accounting principlesCapital changes:50.1 Paid in50.2 Transferred from surplus (Stock Dividend)50.3 Transferred to surplusSurplus adjustment:51.1 Paid in51.2 Transferred to capital (Stock Dividend)51.3 Transferred from capital51.4 Change in surplus as a result of reinsuranceDividends to stockholdersAggregate write-ins for gains and losses in surplusNet change in capital and surplus for the year (Lines 37 through 53)Capital and surplus, as of statement date (Lines 36 54)DETAILS OF WRITE-INSGeneral account policy feesMarketing feesMiscellaneous income2Prior YearTo Date3Prior Year EndedDecember t rate swaps adjustment per permitted 7,234,624315,471,571Summary of remaining write-ins for Line 53 from overflow pageTotals (Lines 5301 through 5303 plus 5398)(Line 53 above)0164,710,1400534,754,9740315,471,571Summary of remaining write-ins for Line 8.3 from overflow pageTotals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)Additional contract benefits to Founders Plan policyholdersValue of business acquired - John Hancock transactionAmortization of goodwill and value of business acquiredSummary of remaining write-ins for Line 27 from overflow pageTotals (Lines 2701 through 2703 plus 2798)(Line 27 above)4

STATEMENT AS OF SEPTEMBER 30, 2019 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANYCASH FLOW1Current YearTo Date2Prior YearTo Date3Prior Year EndedDecember 31Cash from s collected net of reinsurance2.Net investment income3.Miscellaneous al (Lines 1 to fit and loss related 6.Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts(1,915,645,431)7.Commissions, expenses paid and aggregate write-ins for deductions8.Dividends paid to policyholders9.Federal and foreign income taxes paid (recovered) net of 7,108,079,6303,409,732,4615,363,413,61712.2 Stocks402,063,796110,009,332134,435,30112.3 Mortgage loans806,925,616776,141,8211,030,768,37154,501,108 tax on capitalgains (losses)10.Total (Lines 5 through 9)11.Net cash from operations (Line 4 minus Line 10)Cash from Investments12.Proceeds from investments sold, matured or repaid:12.1 Bonds12.4 Real estate12.5 Other invested assets12.6 Net gains or (losses) on cash, cash equivalents and short-term 87411,171,325,60813.1 Bonds7,910,030,4025,289,057,4997,693,128,60113.2 46212.7 Miscellaneous proceeds12.8 Total investment proceeds (Lines 12.1 to 12.7)13.0184,192,708Cost of investments acquired (long-term only):13.3 Mortgage loans13.4 Real estate13.5 Other invested assets13.6 Miscellaneous applications13.7 Total investments acquired (Lines 13.1 to 13.6)14.Net increase (or decrease) in contract loans and premium notes15.Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)16.Cash provided 796,047(3,387,372,212)92,138,013(595,040,477)Cash from Financing and Miscellaneous Sources016.1 Surplus notes, capital notes016.2 Capital and paid in surplus, less treasury stock(5,039,473)16.3 Borrowed 4,7621,582,335,5531,496,788,11416.5 Dividends to stockholders525,000,000450,000,000450,000,00016.6 Other cash provided 121,0381,531,224,62716.4 Net deposits on deposit-type contracts and other insurance liabilities17.0Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5plus Line 16.6)210,244,044RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS(1,216,376,549)(670,626,521)19.1 Beginning of year2,821,317,972990,423,576990,423,57619.2 End of period (Line 18 plus Line 2052,243,51818.Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)19.Cash, cash equivalents and short-term investments:Note: Supplemental disclosures of cash flow information for non-cash transactions:20.0001. Assets transferred on reinsurance transaction20.0002. Transfer of debt securities for debt securities and / or equity securities20.0003. Non-cash financial assets acquired from parent as a capital contribution51,830,894,395

STATEMENT AS OF SEPTEMBER 30, 2019 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANYEXHIBIT 1DIRECT PREMIUMS AND DEPOSIT-TYPE CONTRACTS1Current YearTo Date1.Industrial life2.Ordinary life insurance3.Ordinary individual annuities4.Credit life (group and individual)5.Group life insurance6.Group annuities7.A & H - group8.A & H - credit (group and individual)9.A & H - other2Prior YearTo Date3Prior Year EndedDecember 7,080,234,57410.Aggregate of all other lines of business11.Subtotal (Lines 1 through 10)12.Fraternal (Fraternal Benefit Societies Only)13.Subtotal (Lines 11 through 12)14.Deposit-type .Total (Lines 13 and LS OF WRITE-INS1001.1002.1003.1098.Summary of remaining write-ins for Line 10 from overflow page0001099.Totals (Lines 1001 through 1003 plus 1098)(Line 10 above)0006

STATEMENT AS OF SEPTEMBER 30, 2019 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANYNOTES TO FINANCIAL STATEMENTS1.Summary of Significant Accounting Policies and Going ConcernA.Accounting PracticesThe financial statements of Jackson National Life Insurance Company (the “Company”) are presented on the basis of accountingpractices prescribed or permitted by the Michigan Department of Insurance and Financial Services.The Department of Insurance and Financial Services recognizes statutory accounting practices prescribed or permitted by the stateof Michigan for determining and reporting the financial condition and results of operations of an insurance company, and fordetermining its solvency under Michigan Insurance Law. The Department of Insurance and Financial Services has adopted theNational Association of Insurance Commissioners' (“NAIC”) Accounting Practices and Procedures Manual (“NAIC SAP”) to theextent that the accounting practices, procedures, and reporting standards are not modified by the Michigan Insurance Code. Thestate of Michigan has adopted certain prescribed accounting practices that differ from those defined in NAIC SAP. Specifically,the value of the book of business arising from the acquisition of a subsidiary or through reinsurance may be recognized as anadmitted asset if certain criteria are met. In NAIC SAP, goodwill may be admitted in amounts not to exceed 10% of an insurer’scapital and surplus, as adjusted, and is eliminated in the event of a merger. The commissioner of insurance has the right to permitother specific practices that deviate from prescribed practices.The Valuation of Life Insurance Policies Model Regulation (“Model 830”, also known as Regulation XXX), was effective for NAICSAP in 2001. The state of Michigan did not permit Model 830 for reserve calculations until January 1, 2002. Thus, reserves forlife business issued in calendar year 2001 are not valued according to Model 830 and NAIC SAP, but rather, are valued under theprior method of the Standard Valuation Law, referred to as the ‘unitary’ method.Actuarial Guideline XXXV (“Actuarial Guideline 35” or the “Guideline”) was adopted by the NAIC in December 1998. Thepurpose of Actuarial Guideline 35 is to interpret the standards for the valuation of statutory reserves for index-linked annuities.NAIC SAP requires application of Actuarial Guideline 35 for all index-linked annuities issued after December 31, 2000. Michiganlaw prescribes the valuation of index-linked annuities without consideration of the Guideline. As a result, the Guideline is notreflected in the Company’s accounts as of September 30, 2019 and December 31, 2018.As a result of an acquisition accounted for as a statutory purchase in accordance with Statement of Statutory Accounting Principles(“SSAP”) No. 68 and an indemnity reinsurance agreement, the Company has goodwill attributed to the value of the book of businessacquired (“VOBA”). The VOBA value is fully recoverable by the present value of the future cash flows of the businesses acquiredand assumed. Under Michigan law, the entire balance is recognized as an admitted asset. Under statutory goodwill accounting inaccordance with paragraph 13 of SSAP No. 68, the entire VOBA of 199,391,276 at September 30, 2019, would be a reductionfrom the Michigan basis capital and surplus, as shown in the table below.Effective December 31, 2008, the Company received approval from the Department of Insurance and Financial Services regardingthe use of a permitted practice. This permitted practice was annually renewed and was in place until September 30, 2019, at whichpoint, with the approval of the Department of Insurance and Financial Services, it was terminated.The permitted practice allowed the Company to report the effectiveness of its hedging program related to interest rate swapsconsistent with the system the Company has adopted in accordance with Section 943 (2) of the Michigan Insurance Code, as opposedto SSAP No.

STATEMENT AS OF SEPTEMBER 30, 2019 OF THE JACKSON NATIONAL LIFE INSURANCE COMPANY LIABILITIES, SURPLUS AND OTHER FUNDS 1 Current Statement Date 2 December 31 Prior Year 1. Aggregate reserve for life contracts 54,484,181,673 less 0 included in Line 6.3 (including 0 Modco Reserve) 54,484,181,673 53,759,753,403 2.