Jackson National Life(R) Delivers Strong 2005 Performance, Generating GAAP Net Income of $594 Million

Jackson National Life, an indirect wholly owned subsidiary of theUnited Kingdom's Prudential plc (NYSE:PUK), increased revenues by 7percent over 2004, primarily from higher net investment income andvariable annuity fee income. GAAP pretax income from continuingoperations rose 5 percent over 2004 to more than $909 million, andGAAP net income declined 6 percent from the prior year. In 2004, JNL'sGAAP net income benefited from a change in accounting principle andthe proceeds from the sale of Jackson Federal Bank, as well as aone-time legal settlement.

"With relationship-driven distribution, innovative productmanufacturing capability and a low-cost operating model, JacksonNational Life continued to grow profitably in 2005," said ClarkManning, JNL's president and CEO. "JNL is well-positioned tocapitalize on emerging opportunities in the U.S. retirement market asthe Baby Boomers shift their focus from asset accumulation to incomedistribution."

As of December 31, 2005, JNL's GAAP assets totaled nearly $68billion, and its statutory adjusted capital and surplus had grown tonearly $3.9 billion, an increase of 13 percent over 2004. JNLgenerated significant levels of capital throughout the year, improvingits capital ratio from 8.5 percent in 2004 to 9.2 percent in 2005.Furthermore, JNL's statutory capital, surplus and asset valuationreserve position improved by $434 million over the prior year, afterremitting a $150-million dividend to its parent company.

Jackson National Life recorded total sales of more than $9.1billion in 2005, up 13 percent over 2004. Retail sales in JNL's corelife insurance and annuity product lines during 2005 totaled more than$7.3 billion, an increase of 12 percent over the prior year.

The company's growth in retail sales was driven primarily by $4.7billion in variable annuity sales, a 31-percent increase over 2004,compared to overall VA industry growth of only 2.5 percent(1). Thedouble-digit rise in VA sales helped increase JNL's separate accountbalance by 42 percent to $14.7 billion in 2005, and generated54-percent growth in asset-based VA fee income.

JNL ranked 12th in industry VA sales in 2005, up from 14th in2004, and the company's VA market share rose by 28 percent, from a2.8-percent market share in 2004 to 3.6 percent in 2005(1).Furthermore, Jackson National Life continued to grow its market shareof variable annuity sales in the company's primary distributionchannels. In 2005, JNL's VA market share increased in the independentbroker-dealer channel from 6.8 percent to 9.1 percent, and in theregional broker-dealer channel from 3.9 percent to 4.9 percent(1).

"A great deal of credit for JNL's success in the VA market is dueto the efforts of our outstanding wholesaling team," said CliffordJack, JNL's executive vice president and chief distribution officer."Our wholesalers' commitment to providing proactive retirementsolutions and forming productive partnerships with financial advisershas helped JNL increase retention of top producers, attract morehigh-performing reps and gain material increases in VA market share.With excellent IT and service support, a capable and efficientorganization, a flexible product offering, and high-qualitydistribution, JNL has positioned itself as the provider of choice forthe best advisers in the industry."

In 2005, JNL's flagship Perspective II(R)(2) variable annuity wasthe top-selling VA contract among independent financial advisers andranked fourth in total industry VA contract sales(1). The success ofPerspective II helped JNL grow its VA assets under management by 31.8percent in 2005, the highest annual increase recorded among theindustry's top 25 variable annuity sellers(1).

Due to the continued low interest rate environment and flat yieldcurve in the U.S., JNL's fixed annuity sales declined 31 percent fromthe prior year to $1.4 billion. Although fixed annuity sales fell, thecompany earned higher spread income from its fixed annuity book in2005. Record fixed index annuity sales of $1.1 billion, up 43 percentover 2004, helped offset the decline in fixed annuity sales. In 2005,JNL ranked seventh in the industry in fixed index annuity sales, upfrom ninth in 2004(3).

In May 2005, Jackson National Life completed its purchase of LifeInsurance Company of Georgia and has since integrated the 1.5 millionLife of Georgia policies onto its own operating platform. Thisachievement demonstrates JNL's operational efficiency and itsincreasing capability to consolidate large blocks of business. Theacquisition doubled the number of JNL's in-force life insurance andannuity policies, adding scale to its operating platform, as well asfurther diversifying its income streams. The transaction has alsoenabled JNL to grow its life business at a faster rate and earn ahigher return than could have been achieved organically. JNL willcontinue to consider further U.S. bolt-on acquisitions asopportunities arise.

JNL's subsidiary Curian Capital, a registered investment adviserthat offers customized separately managed accounts, continued to builda strong market position with total deposits of more than $753 millionin 2005. Curian's assets under management increased by 58 percentduring the year, from $1.06 billion at the beginning of 2005 to $1.67billion at year-end.

In addition to Jackson National Life's success, its U.S.affiliates produced solid results in 2005. PPM America, the assetmanager for JNL, other corporate affiliates and institutional clients,contributed $36 million in pretax profit to the overall U.S.operations' results, an increase of 64 percent over 2004.Additionally, National Planning Holdings(R), Inc., JNL's affiliatedindependent broker-dealer network, increased total revenues by 3percent to more than $420 million and generated pretax income of $8million, up 28 percent over the prior year.
(1)Source: The Variable Annuity Research & Data Service (VARDS(R)),
a unit of Morningstar, Inc.

(2)The Perspective II Fixed and Variable Annuity is not FDIC/NCUA
insured, may lose value, is not Bank/CU guaranteed, is not a
deposit and is not insured by any federal agency.

(3)Source: LIMRA.

(4)As of 12/31/05, JNL had $67.8 billion in assets (GAAP) and $60.2
billion (GAAP) in policy liabilities set aside primarily to pay
future policyowner benefits.

Before investing, investors should carefully consider theinvestment objectives, risks, charges and expenses of the variableproduct and its underlying investment options. The current contractprospectus and underlying fund prospectuses, which are contained inthe same document, provide this and other important information.Please contact your representative or the Company to obtain theprospectuses. Please read the prospectuses carefully before investingor sending money.

About JNL

With nearly $68 billion in assets (GAAP)(4), Jackson National Lifeis an industry leader in fixed, fixed index and variable annuities.JNL also sells life insurance and institutional products. The companymarkets its products in 49 states and the District of Columbia,through independent and regional broker-dealers, financialinstitutions, independent insurance agents, and registered investmentadvisers. JNL's subsidiary, Jackson National Life Insurance Company ofNew York(SM), markets products through similar channels in the stateof New York. Through its affiliates and subsidiaries, JNL alsoprovides separately managed accounts, asset management and retailbrokerage services. For more information, visit www.jnl.com.

Annuities and life insurance products are issued by JacksonNational Life Insurance Company (Home Office: Lansing, Michigan).Variable products are distributed by Jackson National LifeDistributors, Inc. May not be available in all states and statevariations may apply. These contracts have limitations andrestrictions, including withdrawal charges, recapture charges andexcess interest adjustments. Contact your representative or theCompany for more information.

Variable products involve investment risks and may lose value. Avariable annuity is a long-term, tax-deferred investment vehicledesigned for retirement. Earnings are taxable as ordinary income whendistributed, and if withdrawn before age 59 1/2, may be subject to a10% federal tax penalty.

Perspective II Fixed and Variable Annuity(SM) - Contract FormNumber VA220

Fixed indexed annuities are issued by Jackson National LifeInsurance Company, Home Office: Lansing, Michigan and distributed byJackson National Life Distributors, Inc. Not available in all statesand state variations may apply. These products are fixed annuitiesthat do not participate in any stock or equity investments.Limitations and restrictions apply, including possible withdrawalcharges. During the withdrawal charge period, the annuity's cash valuemay be less than the principal allocation. For costs and completedetails, contact your representative of the Company. Fixed indexannuities may not be suitable for everyone. Contact yourrepresentative to help determine if a JNL fixed index annuity is rightfor your situation.

Jackson National Life Insurance Company, headquartered in Lansing,Michigan, is an indirect subsidiary of Prudential plc (NYSE: PUK), acompany incorporated and with its principal place of business in theUnited Kingdom. Prudential plc and its affiliated companies constituteone of the world's leading financial services groups. It providesinsurance and financial services directly and through its subsidiariesand affiliates throughout the world. It has been in existence for over150 years and has more than $400 billion in assets under management(as of December 31, 2005). Prudential plc is not affiliated in anymanner with Prudential Financial, Inc, a company whose principal placeof business is in the United States of America.

The following cautionary statement is included to make applicableand take advantage of the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995 for any forward-lookingstatements made by, or on behalf of, the Company. Forward-lookingstatements include statements concerning plans, objectives, goals,strategies, future events or performance, and underlying assumptionsand other statements, which are other than statements of historicalfacts. However, as with any projection or forecast, forward-lookingstatements are inherently susceptible to a number of risks anduncertainties and actual results and events could differ materiallyfrom those currently being anticipated as reflected in suchforward-looking statements. There can be no assurance thatmanagement's expectations, beliefs or projections will result or beachieved or accomplished.