# EDGAR Filing Document

**Accession Number:** 0001076983
**File Stem:** 0001076983-26-000008
**Filing Date:** 2026-4
**Character Count:** 513559
**Document Hash:** dba04ede6770b9bd47b94ca659644a54
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001076983-26-000008.hdr.sgml**: 20260415

**ACCESSION NUMBER**: 0001076983-26-000008

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 8

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260415

**DATE AS OF CHANGE**: 20260415

**EFFECTIVENESS DATE**: 20260415

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JNLNY SEPARATE ACCOUNT II
- **CENTRAL INDEX KEY:** 0001076983

**ORGANIZATION NAME:**
- **EIN:** 133873709
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09577
- **FILM NUMBER:** 26863744

**BUSINESS ADDRESS:**
- **STREET 1:** 2900 WESTCHESTER AVENUE
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** (888) 965-6569

**MAIL ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951

## Series and Classes Contracts Data

### JNLNY SEPARATE ACCOUNT II (Series ID: S000010937)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000030281 | Perspective Advisors |  |

JNLNY Separate Account II

![jacksonsaicover.jpg](jacksonsaicover.jpg)

Financial Statements

December 31, 2025

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL Aggressive Growth Allocation Fund - Class A | JNL Conservative Allocation Fund - Class A | JNL Growth Allocation Fund - Class A | JNL Growth ETF Allocation Fund - Class A | JNL Moderate Allocation Fund - Class A | JNL Moderate ETF Allocation Fund - Class A | JNL Moderate Growth Allocation Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL Aggressive Growth Allocation Fund - Class A | JNL Conservative Allocation Fund - Class A | JNL Growth Allocation Fund - Class A | JNL Growth ETF Allocation Fund - Class A | JNL Moderate Allocation Fund - Class A | JNL Moderate ETF Allocation Fund - Class A | JNL Moderate Growth Allocation Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL Moderate Growth ETF Allocation Fund - Class A | JNL Multi-Manager Alternative Fund - Class A | JNL Multi-Manager Emerging Markets Equity Fund - Class A | JNL Multi-Manager Floating Rate Income 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL Moderate Growth ETF Allocation Fund - Class A | JNL Multi-Manager Alternative Fund - Class A | JNL Multi-Manager Emerging Markets Equity Fund - Class A | JNL Multi-Manager Floating Rate Income 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL Multi-Manager Small Cap Value Fund - Class A | JNL Multi-Manager U.S. Select Equity Fund - Class A | 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL Multi-Manager Small Cap Value Fund - Class A | JNL Multi-Manager U.S. Select Equity Fund - Class A | 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 Allocation Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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 Allocation Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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/BlackRock Global Allocation Fund - Class A | JNL/BlackRock Global Natural Resources Fund - Class A | JNL/BlackRock Large Cap Select Growth Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $126074 |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  | 126074 |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $126074 |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | 37.442912  |
| Investments in Funds, shares outstanding |  |  |  |  |  |  | 1234 |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $34334 |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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/BlackRock Global Allocation Fund - Class A | JNL/BlackRock Global Natural Resources Fund - Class A | JNL/BlackRock Large Cap Select Growth Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  | 1777 |
| **Total expenses** |  |  |  |  |  |  | 1777 |
| **Net investment income (loss)** |  |  |  |  |  |  | (1777) |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  | 1258 |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  | 11723 |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  | 12981 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $11204 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/Causeway International Value Select Fund - Class A | JNL/ClearBridge Large Cap Growth Fund - Class A | JNL/Cohen & Steers U.S. Realty 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $126633 | $— | $— | $— | $126042 | $— | $18562 |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  | 126633 |  |  |  | 126042 |  | 18562 |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $126633 | $— | $— | $— | $126042 | $— | $18562 |
| Unit Value | 32.849776  | N/A | N/A | N/A | 47.172031  | N/A | 17.721033  |
| Investments in Funds, shares outstanding | 5316 |  |  |  | 3757 |  | 1336 |
| Investments in Funds, at cost | $89623 | $— | $— | $— | $37728 | $— | $16791 |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL/Causeway International Value Select Fund - Class A | JNL/ClearBridge Large Cap Growth Fund - Class A | JNL/Cohen & Steers U.S. Realty 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $2020 | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges | 1708 |  |  |  | 1736 |  | 272 |
| **Total expenses** | 1708 |  |  |  | 1736 |  | 272 |
| **Net investment income (loss)** | 312 |  |  |  | (1736) |  | (272) |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds | 8446 |  |  |  |  |  |  |
| Sales of investments in Funds | 5025 |  |  |  | 1168 |  | 18 |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 25948 |  |  |  | 15443 |  | 1235 |
| **Net realized and unrealized gain (loss)** | 39419 |  |  |  | 16611 |  | 1253 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $39731 | $— | $— | $— | $14875 | $— | $981 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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/Dreyfus Government Money Market 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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/Dreyfus Government Money Market 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/Goldman Sachs 4 Fund - Class A | JNL/GQG Emerging Markets Equity 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $122990 | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  | 122990 |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $122990 | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | 51.251546  | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  | 3633 |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $55240 | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL/Goldman Sachs 4 Fund - Class A | JNL/GQG Emerging Markets Equity 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  | 1728 |  |  |  |
| **Total expenses** |  |  |  | 1728 |  |  |  |
| **Net investment income (loss)** |  |  |  | (1728) |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  | 4426 |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  | 12171 |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  | 16597 |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $14869 | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/JPMorgan Managed Aggressive Growth Fund - Class A | JNL/JPMorgan Managed Conservative Fund - Class A | JNL/JPMorgan Managed Growth Fund - Class A | JNL/JPMorgan Managed Moderate Fund - Class A | JNL/JPMorgan Managed Moderate Growth Fund - Class A | JNL/JPMorgan MidCap Growth Fund - Class A | JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $272 | $— | $— | $— | $48863 | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  | 272 |  |  |  | 48863 |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $272 | $— | $— | $— | $48863 | $— | $— |
| Unit Value | 40.863327  | N/A | N/A | N/A | 28.941970  | N/A | N/A |
| Investments in Funds, shares outstanding | 6 |  |  |  | 1657 |  |  |
| Investments in Funds, at cost | $75 | $— | $— | $— | $19489 | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL/JPMorgan Managed Aggressive Growth Fund - Class A | JNL/JPMorgan Managed Conservative Fund - Class A | JNL/JPMorgan Managed Growth Fund - Class A | JNL/JPMorgan Managed Moderate Fund - Class A | JNL/JPMorgan Managed Moderate Growth Fund - Class A | JNL/JPMorgan MidCap Growth Fund - Class A | JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges | 4 |  |  |  | 735 |  |  |
| **Total expenses** | 4 |  |  |  | 735 |  |  |
| **Net investment income (loss)** | (4) |  |  |  | (735) |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds | 6 |  |  |  | 5990 |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 30 |  |  |  | (550) |  |  |
| **Net realized and unrealized gain (loss)** | 36 |  |  |  | 5440 |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $32 | $— | $— | $— | $4705 | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A | JNL/JPMorgan U.S. Value Fund - Class A | JNL/Lazard International Quality Growth 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $16795 | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  | 16795 |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $16795 | $— | $— | $— | $— | $— |
| Unit Value | N/A | 23.217776  | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  | 799 |  |  |  |  |  |
| Investments in Funds, at cost | $— | $7358 | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A | JNL/JPMorgan U.S. Value Fund - Class A | JNL/Lazard International Quality Growth 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  | 235 |  |  |  |  |  |
| **Total expenses** |  | 235 |  |  |  |  |  |
| **Net investment income (loss)** |  | (235) |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  | 126 |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 1931 |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  | 2057 |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $1822 | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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<sup>®</sup> 100 Index Fund - Class A | JNL/Mellon Real Estate Sector Fund - Class A | JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $22307 | $— | $— | $— | $— | $114756 |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  | 22307 |  |  |  |  | 114756 |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $22307 | $— | $— | $— | $— | $114756 |
| Unit Value | N/A | 132.858072  | N/A | N/A | N/A | N/A | 50.210706  |
| Investments in Funds, shares outstanding |  | 297 |  |  |  |  | 3000 |
| Investments in Funds, at cost | $— | $4903 | $— | $— | $— | $— | $59939 |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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<sup>®</sup> 100 Index Fund - Class A | JNL/Mellon Real Estate Sector Fund - Class A | JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  | 333 |  |  |  |  | 1613 |
| **Total expenses** |  | 333 |  |  |  |  | 1613 |
| **Net investment income (loss)** |  | (333) |  |  |  |  | (1613) |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  | 3713 |  |  |  |  | 3463 |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 660 |  |  |  |  | 4068 |
| **Net realized and unrealized gain (loss)** |  | 4373 |  |  |  |  | 7531 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $4040 | $— | $— | $— | $— | $5918 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 SMID Moat Focus Index Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $106901 | $166165 | $— | $— | $— | $63508 | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  | 106901 | 166165 |  |  |  | 63508 |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $106901 | $166165 | $— | $— | $— | $63508 | $— |
| Unit Value | 60.030033  | 39.344970  | N/A | N/A | N/A | 35.571267  | N/A |
| Investments in Funds, shares outstanding | 1962 | 5544 |  |  |  | 2880 |  |
| Investments in Funds, at cost | $32908 | $93570 | $— | $— | $— | $35686 | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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 SMID Moat Focus Index Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges | 1536 | 2339 |  |  |  | 915 |  |
| **Total expenses** | 1536 | 2339 |  |  |  | 915 |  |
| **Net investment income (loss)** | (1536) | (2339) |  |  |  | (915) |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds | 6763 | 4387 |  |  |  | 376 |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 9703 | 5037 |  |  |  | 3234 |  |
| **Net realized and unrealized gain (loss)** | 16466 | 9424 |  |  |  | 3610 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $14930 | $7085 | $— | $— | $— | $2695 | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $— | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $— | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  |  |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $— | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  |  |  |  |
| **Total expenses** |  |  |  |  |  |  |  |
| **Net investment income (loss)** |  |  |  |  |  |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/PPM America High Yield Bond Fund - Class A | JNL/PPM America Investment Grade Credit 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 Equity Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $106136 | $— | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  | 106136 |  |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $106136 | $— | $— |
| Unit Value | N/A | N/A | N/A | N/A | 38.125385  | N/A | N/A |
| Investments in Funds, shares outstanding |  |  |  |  | 3766 |  |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $48102 | $— | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL/PPM America High Yield Bond Fund - Class A | JNL/PPM America Investment Grade Credit 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 Equity Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  | 1485 |  |  |
| **Total expenses** |  |  |  |  | 1485 |  |  |
| **Net investment income (loss)** |  |  |  |  | (1485) |  |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  | 758 |  |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  | 14149 |  |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  | 14907 |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $13422 | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/T. Rowe Price Capital Appreciation Fund - Class A | JNL/T. Rowe Price Growth Stock 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 |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $113252 | $117544 | $— | $— | $115173 | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  | 113252 | 117544 |  |  | 115173 |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $113252 | $117544 | $— | $— | $115173 | $— |
| Unit Value | N/A | 74.212553  | 64.735456  | N/A | N/A | 48.697140  | N/A |
| Investments in Funds, shares outstanding |  | 1068 | 1427 |  |  | 3650 |  |
| Investments in Funds, at cost | $— | $44946 | $44502 | $— | $— | $60556 | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | JNL/T. Rowe Price Capital Appreciation Fund - Class A | JNL/T. Rowe Price Growth Stock 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 |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  | 1641 | 1717 |  |  | 1626 |  |
| **Total expenses** |  | 1641 | 1717 |  |  | 1626 |  |
| **Net investment income (loss)** |  | (1641) | (1717) |  |  | (1626) |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  | 7906 | 1049 |  |  | 5166 |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 7996 | 2527 |  |  | 7090 |  |
| **Net realized and unrealized gain (loss)** |  | 15902 | 3576 |  |  | 12256 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $14261 | $1859 | $— | $— | $10630 | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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/William Blair International Leaders Fund - Class A | JNL/WMC Balanced Fund - Class A | JNL/WMC Equity Income Fund - Class A |
| **Assets** |  |  |  |  |  |  |  |
| Investments in Funds, at fair value | $— | $— | $— | $— | $17092 | $277 | $— |
| Receivables: |  |  |  |  |  |  |  |
| Investments in Fund shares sold |  |  |  |  |  |  |  |
| Investment Division units sold |  |  |  |  |  |  |  |
| **Total assets**  |  |  |  |  | 17092 | 277 |  |
| **Liabilities** |  |  |  |  |  |  |  |
| Payables: |  |  |  |  |  |  |  |
| Investments in Fund shares purchased |  |  |  |  |  |  |  |
| Investment Division units redeemed |  |  |  |  |  |  |  |
| Insurance fees due to Jackson |  |  |  |  |  |  |  |
| of New York |  |  |  |  |  |  |  |
| **Total liabilities**  |  |  |  |  |  |  |  |
| **Net assets** | $— | $— | $— | $— | $17092 | $277 | $— |
| Unit Value | N/A | N/A | N/A | N/A | 18.808780  | 38.100596  | N/A |
| Investments in Funds, shares outstanding |  |  |  |  | 1278 | 6 |  |
| Investments in Funds, at cost | $— | $— | $— | $— | $12818 | $100 | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |  |  |  |  |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |  |  |  |  |  |
|  | 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/William Blair International Leaders Fund - Class A | JNL/WMC Balanced Fund - Class A | JNL/WMC Equity Income Fund - Class A |
| **Investment Income** |  |  |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $98 | $— | $— |
| **Expenses** |  |  |  |  |  |  |  |
| Asset-based charges |  |  |  |  | 235 | 4 |  |
| **Total expenses** |  |  |  |  | 235 | 4 |  |
| **Net investment income (loss)** |  |  |  |  | (137) | (4) |  |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |  |
| Distributions from Funds |  |  |  |  |  |  |  |
| Sales of investments in Funds |  |  |  |  | 44 | 5 |  |
| Net change in unrealized appreciation  |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  | 3136 | 34 |  |
| **Net realized and unrealized gain (loss)** |  |  |  |  | 3180 | 39 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | $— | $— | $— | $— | $3043 | $35 | $— |

---

See Notes to the Financial Statements.

------

---

| | | |
|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |  |
| December 31, 2025 | December 31, 2025 |  |
|  | JNL/WMC Global Real Estate Fund - Class A | JNL/WMC Value Fund - Class A |
| **Assets** |  |  |
| Investments in Funds, at fair value | $23028 | $— |
| Receivables: |  |  |
| Investments in Fund shares sold |  |  |
| Investment Division units sold |  |  |
| **Total assets**  | 23028 |  |
| **Liabilities** |  |  |
| Payables: |  |  |
| Investments in Fund shares purchased |  |  |
| Investment Division units redeemed |  |  |
| Insurance fees due to Jackson |  |  |
| of New York |  |  |
| **Total liabilities**  |  |  |
| **Net assets** | $23028 | $— |
| Unit Value | 14.684577  | N/A |
| Investments in Funds, shares outstanding | 2078 |  |
| Investments in Funds, at cost | $20036 | $— |
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Operations** | **Statements of Operations** |  |
| For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |  |
|  | JNL/WMC Global Real Estate Fund - Class A | JNL/WMC Value Fund - Class A |
| **Investment Income** |  |  |
| Dividends | $— | $— |
| **Expenses** |  |  |
| Asset-based charges | 323 |  |
| **Total expenses** | 323 |  |
| **Net investment income (loss)** | (323) |  |
| **Realized and unrealized gain (loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Distributions from Funds |  |  |
| Sales of investments in Funds | 143 |  |
| Net change in unrealized appreciation  |  |  |
| (depreciation) on investments in Funds | 1750 |  |
| **Net realized and unrealized gain (loss)** | 1893 |  |
| **Net change in net assets** |  |  |
| **from operations** | $1570 | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL Aggressive Growth Allocation Fund - Class A | JNL Conservative Allocation Fund - Class A | JNL Growth Allocation Fund - Class A | JNL Growth ETF Allocation Fund - Class A | JNL Moderate Allocation Fund - Class A | JNL Moderate ETF Allocation Fund - Class A | JNL Moderate Growth Allocation Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL Moderate Growth ETF Allocation Fund - Class A | JNL Multi-Manager Alternative Fund - Class A | JNL Multi-Manager Emerging Markets Equity Fund - Class A | JNL Multi-Manager Floating Rate Income 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL Multi-Manager Small Cap Value Fund - Class A | JNL Multi-Manager U.S. Select Equity Fund - Class A | 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 Allocation Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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/BlackRock Global Allocation Fund - Class A | JNL/BlackRock Global Natural Resources Fund - Class A | JNL/BlackRock Large Cap Select Growth Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $(1777) |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  | 1258 |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  | 11723 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  | 11204 |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  | 11204 |
| **Net assets beginning of year** |  |  |  |  |  |  | 114870 |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $126074 |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  | 3367 |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  | 3367 |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $1777 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/Causeway International Value Select Fund - Class A | JNL/ClearBridge Large Cap Growth Fund - Class A | JNL/Cohen & Steers U.S. Realty 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $312 | $— | $— | $— | $(1736) | $— | $(272) |
| Net realized gain (loss) on investments in Funds | 13471 |  |  |  | 1168 |  | 18 |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 25948 |  |  |  | 15443 |  | 1235 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | 39731 |  |  |  | 14875 |  | 981 |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations | (3514) |  |  |  |  |  |  |
| Transfers between Investment Divisions | (15034) |  |  |  |  |  |  |
| Contract owner charges |  |  |  |  | (5) |  | (2) |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** | (18548) |  |  |  | (5) |  | (2) |
| **Net change in net assets** | 21183 |  |  |  | 14870 |  | 979 |
| **Net assets beginning of year** | 105450 |  |  |  | 111172 |  | 17583 |
| **Net assets end of year** | $126633 | $— | $— | $— | $126042 | $— | $18562 |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year | 4526 |  |  |  | 2674 |  | 1050 |
| Units issued | 21 |  |  |  |  |  |  |
| Units redeemed | (691) |  |  |  |  |  |  |
| Units outstanding at end of year | 3856 |  |  |  | 2674 |  | 1050 |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $11079 | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $20869 | $— | $— | $— | $1741 | $— | $274 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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/Dreyfus Government Money Market 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/Goldman Sachs 4 Fund - Class A | JNL/GQG Emerging Markets Equity 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $(1728) | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  | 4426 |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  | 12171 |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  | 14869 |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  | (3499) |  |  |  |
| Transfers between Investment Divisions |  |  |  | (1153) |  |  |  |
| Contract owner charges |  |  |  | (7) |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  | (4659) |  |  |  |
| **Net change in net assets** |  |  |  | 10210 |  |  |  |
| **Net assets beginning of year** |  |  |  | 112780 |  |  |  |
| **Net assets end of year** | $— | $— | $— | $122990 | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  | 2502 |  |  |  |
| Units issued |  |  |  | 45 |  |  |  |
| Units redeemed |  |  |  | (147) |  |  |  |
| Units outstanding at end of year |  |  |  | 2400 |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $2222 | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $8609 | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/JPMorgan Managed Aggressive Growth Fund - Class A | JNL/JPMorgan Managed Conservative Fund - Class A | JNL/JPMorgan Managed Growth Fund - Class A | JNL/JPMorgan Managed Moderate Fund - Class A | JNL/JPMorgan Managed Moderate Growth Fund - Class A | JNL/JPMorgan MidCap Growth Fund - Class A | JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $(4) | $— | $— | $— | $(735) | $— | $— |
| Net realized gain (loss) on investments in Funds | 6 |  |  |  | 5990 |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 30 |  |  |  | (550) |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | 32 |  |  |  | 4705 |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  | (9970) |  |  |
| Contract owner charges | (4) |  |  |  | (60) |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** | (4) |  |  |  | (10030) |  |  |
| **Net change in net assets** | 28 |  |  |  | (5325) |  |  |
| **Net assets beginning of year** | 244 |  |  |  | 54188 |  |  |
| **Net assets end of year** | $272 | $— | $— | $— | $48863 | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year | 7 |  |  |  | 2070 |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  | (382) |  |  |
| Units outstanding at end of year | 7 |  |  |  | 1688 |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $8 | $— | $— | $— | $10765 | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A | JNL/JPMorgan U.S. Value Fund - Class A | JNL/Lazard International Quality Growth 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $(235) | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  | 126 |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 1931 |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  | 1822 |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Contract owner charges |  | (3) |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  | (3) |  |  |  |  |  |
| **Net change in net assets** |  | 1819 |  |  |  |  |  |
| **Net assets beginning of year** |  | 14976 |  |  |  |  |  |
| **Net assets end of year** | $— | $16795 | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  | 724 |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  | 724 |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $238 | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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<sup>®</sup> 100 Index Fund - Class A | JNL/Mellon Real Estate Sector Fund - Class A | JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $(333) | $— | $— | $— | $— | $(1613) |
| Net realized gain (loss) on investments in Funds |  | 3713 |  |  |  |  | 3463 |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 660 |  |  |  |  | 4068 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  | 4040 |  |  |  |  | 5918 |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  | (1068) |  |  |  |  | (5224) |
| Transfers between Investment Divisions |  | (2203) |  |  |  |  | 9505 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  | (3271) |  |  |  |  | 4281 |
| **Net change in net assets** |  | 769 |  |  |  |  | 10199 |
| **Net assets beginning of year** |  | 21538 |  |  |  |  | 104557 |
| **Net assets end of year** | $— | $22307 | $— | $— | $— | $— | $114756 |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  | 192 |  |  |  |  | 2193 |
| Units issued |  | 13 |  |  |  |  | 216 |
| Units redeemed |  | (37) |  |  |  |  | (124) |
| Units outstanding at end of year |  | 168 |  |  |  |  | 2285 |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $1286 | $— | $— | $— | $— | $10151 |
| Proceeds from sales | $— | $4890 | $— | $— | $— | $— | $7483 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 SMID Moat Focus Index Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $(1536) | $(2339) | $— | $— | $— | $(915) | $— |
| Net realized gain (loss) on investments in Funds | 6763 | 4387 |  |  |  | 376 |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 9703 | 5037 |  |  |  | 3234 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | 14930 | 7085 |  |  |  | 2695 |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations | (4944) | (5209) |  |  |  |  |  |
| Transfers between Investment Divisions | (3604) | 10421 |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** | (8548) | 5212 |  |  |  |  |  |
| **Net change in net assets** | 6382 | 12297 |  |  |  | 2695 |  |
| **Net assets beginning of year** | 100519 | 153868 |  |  |  | 60813 |  |
| **Net assets end of year** | $106901 | $166165 | $— | $— | $— | $63508 | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year | 1935 | 4067 |  |  |  | 1785 |  |
| Units issued | 2 | 382 |  |  |  |  |  |
| Units redeemed | (156) | (225) |  |  |  |  |  |
| Units outstanding at end of year | 1781 | 4224 |  |  |  | 1785 |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $99 | $13607 | $— | $— | $— | $— | $— |
| Proceeds from sales | $10183 | $10734 | $— | $— | $— | $915 | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $— | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/PPM America High Yield Bond Fund - Class A | JNL/PPM America Investment Grade Credit 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 Equity Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $(1485) | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  | 758 |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  | 14149 |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  | 13422 |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  | 13422 |  |  |
| **Net assets beginning of year** |  |  |  |  | 92714 |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $106136 | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  | 2783 |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  | 2783 |  |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $— | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $1485 | $— | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | JNL/T. Rowe Price Capital Appreciation Fund - Class A | JNL/T. Rowe Price Growth Stock 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $(1641) | $(1717) | $— | $— | $(1626) | $— |
| Net realized gain (loss) on investments in Funds |  | 7906 | 1049 |  |  | 5166 |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 7996 | 2527 |  |  | 7090 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  | 14261 | 1859 |  |  | 10630 |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  | (5290) |  |  |  | (5250) |  |
| Transfers between Investment Divisions |  | (3097) |  |  |  | 3938 |  |
| Contract owner charges |  |  | (7) |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  | (8387) | (7) |  |  | (1312) |  |
| **Net change in net assets** |  | 5874 | 1852 |  |  | 9318 |  |
| **Net assets beginning of year** |  | 107378 | 115692 |  |  | 105855 |  |
| **Net assets end of year** | $— | $113252 | $117544 | $— | $— | $115173 | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  | 1642 | 1818 |  |  | 2397 |  |
| Units issued |  | 64 |  |  |  | 173 |  |
| Units redeemed |  | (181) |  |  |  | (206) |  |
| Units outstanding at end of year |  | 1525 | 1818 |  |  | 2364 |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $3953 | $— | $— | $— | $8158 | $— |
| Proceeds from sales | $— | $13981 | $1724 | $— | $— | $11096 | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2025 | December 31, 2025 |  |  |  |  |  |  |
|  | 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/William Blair International Leaders Fund - Class A | JNL/WMC Balanced Fund - Class A | JNL/WMC Equity Income Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $(137) | $(4) | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  | 44 | 5 |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  | 3136 | 34 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  | 3043 | 35 |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Contract owner charges |  |  |  |  |  | (4) |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  | (4) |  |
| **Net change in net assets** |  |  |  |  | 3043 | 31 |  |
| **Net assets beginning of year** |  |  |  |  | 14049 | 246 |  |
| **Net assets end of year** | $— | $— | $— | $— | $17092 | $277 | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  | 909 | 12 |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  | 909 | 12 |  |
| **Cost of purchases and proceeds**  |  |  |  |  |  |  |  |
| **from sales of the Investments in Funds** |  |  |  |  |  |  |  |
| Cost of purchases | $— | $— | $— | $— | $98 | $— | $— |
| Proceeds from sales | $— | $— | $— | $— | $235 | $8 | $— |

---

See Notes to the Financial Statements.

------

---

| | | |
|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |
| December 31, 2025 | December 31, 2025 |  |
|  | JNL/WMC Global Real Estate Fund - Class A | JNL/WMC Value Fund - Class A |
| **Operations** |  |  |
| Net investment income (loss) | $(323) | $— |
| Net realized gain (loss) on investments in Funds | 143 |  |
| Net change in unrealized appreciation |  |  |
| (depreciation) on investments in Funds | 1750 |  |
| **Net change in net assets** |  |  |
| **from operations** | 1570 |  |
| **Contract transactions** |  |  |
| Surrenders and terminations | (1050) |  |
| Transfers between Investment Divisions | 1225 |  |
| **Net change in net assets** |  |  |
| **from contract transactions** | 175 |  |
| **Net change in net assets** | 1745 |  |
| **Net assets beginning of year** | 21283 |  |
| **Net assets end of year** | $23028 | $— |
| **Contract unit transactions** |  |  |
| Units outstanding at beginning of year | 1559 |  |
| Units issued | 103 |  |
| Units redeemed | (95) |  |
| Units outstanding at end of year | 1567 |  |
| **Cost of purchases and proceeds**  |  |  |
| **from sales of the Investments in Funds** |  |  |
| Cost of purchases | $1505 | $— |
| Proceeds from sales | $1653 | $— |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL Aggressive Growth Allocation Fund - Class A | JNL Conservative Allocation Fund - Class A | JNL Growth Allocation Fund - Class A | JNL Growth ETF Allocation Fund - Class A | JNL Moderate Allocation Fund - Class A | JNL Moderate ETF Allocation Fund - Class A | JNL Moderate Growth Allocation Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL Moderate Growth ETF Allocation Fund - Class A | JNL Multi-Manager Alternative Fund - Class A | JNL Multi-Manager Emerging Markets Equity Fund - Class A | JNL Multi-Manager Floating Rate Income 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL Multi-Manager Small Cap Value Fund - Class A | JNL Multi-Manager U.S. Select Equity Fund - Class A(a) | 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

(a) The mutual fund's shares, as applicable, became available for investment by the
Investment Division on October 21, 2024. The Statement of Changes in Net Assets is from October 21, 2024
through December 31, 2024.

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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 Allocation Fund - Class A(a) |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

(a) The mutual fund's shares, as applicable, became available for investment by the
Investment Division on October 21, 2024. The Statement of Changes in Net Assets is from October 21, 2024
through December 31, 2024.

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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/BlackRock Global Allocation Fund - Class A | JNL/BlackRock Global Natural Resources Fund - Class A | JNL/BlackRock Large Cap Select Growth Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $(1567) |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  | 1039 |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  | 26691 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  | 26163 |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Transfers between Investment Divisions |  |  |  |  |  |  | (2) |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  | (2) |
| **Net change in net assets** |  |  |  |  |  |  | 26161 |
| **Net assets beginning of year** |  |  |  |  |  |  | 88709 |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $114870 |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  | 3367 |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  | 3367 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL/Causeway International Value Select Fund - Class A | JNL/ClearBridge Large Cap Growth Fund - Class A | JNL/Cohen & Steers U.S. Realty 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $323 | $— | $— | $— | $(1575) | $— | $(264) |
| Net realized gain (loss) on investments in Funds | 8335 |  |  |  | 996 |  | 7 |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | (5977) |  |  |  | 18016 |  | 390 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | 2681 |  |  |  | 17437 |  | 133 |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Transfers between Investment Divisions | 9221 |  |  |  | 1 |  |  |
| Contract owner charges |  |  |  |  | (5) |  | (2) |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** | 9221 |  |  |  | (4) |  | (2) |
| **Net change in net assets** | 11902 |  |  |  | 17433 |  | 131 |
| **Net assets beginning of year** | 93548 |  |  |  | 93739 |  | 17452 |
| **Net assets end of year** | $105450 | $— | $— | $— | $111172 | $— | $17583 |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year | 4133 |  |  |  | 2674 |  | 1050 |
| Units issued | 493 |  |  |  |  |  |  |
| Units redeemed | (100) |  |  |  |  |  |  |
| Units outstanding at end of year | 4526 |  |  |  | 2674 |  | 1050 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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/Dreyfus Government Money Market 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL/Goldman Sachs 4 Fund - Class A | JNL/GQG Emerging Markets Equity 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $(1618) | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  | 2137 |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  | 13287 |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  | 13806 |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Transfers between Investment Divisions |  |  |  | 1066 |  |  |  |
| Contract owner charges |  |  |  | (4) |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  | 1062 |  |  |  |
| **Net change in net assets** |  |  |  | 14868 |  |  |  |
| **Net assets beginning of year** |  |  |  | 97912 |  |  |  |
| **Net assets end of year** | $— | $— | $— | $112780 | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  | 2479 |  |  |  |
| Units issued |  |  |  | 88 |  |  |  |
| Units redeemed |  |  |  | (65) |  |  |  |
| Units outstanding at end of year |  |  |  | 2502 |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL/JPMorgan Managed Aggressive Growth Fund - Class A | JNL/JPMorgan Managed Conservative Fund - Class A | JNL/JPMorgan Managed Growth Fund - Class A | JNL/JPMorgan Managed Moderate Fund - Class A | JNL/JPMorgan Managed Moderate Growth Fund - Class A | JNL/JPMorgan MidCap Growth Fund - Class A | JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A(a) |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $(36) | $— | $— | $— | $(838) | $— | $— |
| Net realized gain (loss) on investments in Funds | 5809 |  |  |  | 5771 |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | (5123) |  |  |  | (439) |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | 650 |  |  |  | 4494 |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations | (8600) |  |  |  | (10000) |  |  |
| Transfers between Investment Divisions | 1 |  |  |  |  |  |  |
| Contract owner charges | (39) |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** | (8638) |  |  |  | (10000) |  |  |
| **Net change in net assets** | (7988) |  |  |  | (5506) |  |  |
| **Net assets beginning of year** | 8232 |  |  |  | 59694 |  |  |
| **Net assets end of year** | $244 | $— | $— | $— | $54188 | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year | 255 |  |  |  | 2465 |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed | (248) |  |  |  | (395) |  |  |
| Units outstanding at end of year | 7 |  |  |  | 2070 |  |  |

---

(a) The mutual fund's shares, as applicable, became available for investment by the
Investment Division on October 21, 2024. The Statement of Changes in Net Assets is from October 21, 2024
through December 31, 2024.

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A | JNL/JPMorgan U.S. Value Fund - Class A | JNL/Lazard International Quality Growth 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $(219) | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  | 109 |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 1835 |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  | 1725 |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Contract owner charges |  | (3) |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  | (3) |  |  |  |  |  |
| **Net change in net assets** |  | 1722 |  |  |  |  |  |
| **Net assets beginning of year** |  | 13254 |  |  |  |  |  |
| **Net assets end of year** | $— | $14976 | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  | 724 |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  | 724 |  |  |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $(20) | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  | 684 |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  | (500) |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  | 164 |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  | (2393) |  |  |  |  |
| Transfers between Investment Divisions |  |  | (15) |  |  |  |  |
| Contract owner charges |  |  | (4) |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  | (2412) |  |  |  |  |
| **Net change in net assets** |  |  | (2248) |  |  |  |  |
| **Net assets beginning of year** |  |  | 2248 |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  | 70 |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  | (70) |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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<sup>®</sup> 100 Index Fund - Class A | JNL/Mellon Real Estate Sector Fund - Class A | JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $(313) | $— | $— | $(24) | $— | $(1531) |
| Net realized gain (loss) on investments in Funds |  | 2864 |  |  | 929 |  | 2453 |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 3449 |  |  | (592) |  | 10260 |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  | 6000 |  |  | 313 |  | 11182 |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  | (2930) |  |  |
| Transfers between Investment Divisions |  | (2901) |  |  | 73 |  | 198 |
| Contract owner charges |  |  |  |  | (4) |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  | (2901) |  |  | (2861) |  | 198 |
| **Net change in net assets** |  | 3099 |  |  | (2548) |  | 11380 |
| **Net assets beginning of year** |  | 18439 |  |  | 2548 |  | 93177 |
| **Net assets end of year** | $— | $21538 | $— | $— | $— | $— | $104557 |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  | 219 |  |  | 43 |  | 2182 |
| Units issued |  | 5 |  |  |  |  | 80 |
| Units redeemed |  | (32) |  |  | (43) |  | (69) |
| Units outstanding at end of year |  | 192 |  |  |  |  | 2193 |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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 SMID Moat Focus Index Fund - Class A(a) |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $(1463) | $(2257) | $— | $— | $— | $(887) | $— |
| Net realized gain (loss) on investments in Funds | 5039 | 2798 |  |  |  | 336 |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds | 15852 | 9090 |  |  |  | 7136 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** | 19428 | 9631 |  |  |  | 6585 |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations | (2802) |  |  |  |  |  |  |
| Transfers between Investment Divisions | (3909) | 1338 |  |  |  |  |  |
| Contract owner charges | (4) |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** | (6715) | 1338 |  |  |  |  |  |
| **Net change in net assets** | 12713 | 10969 |  |  |  | 6585 |  |
| **Net assets beginning of year** | 87806 | 142899 |  |  |  | 54228 |  |
| **Net assets end of year** | $100519 | $153868 | $— | $— | $— | $60813 | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year | 2071 | 4019 |  |  |  | 1785 |  |
| Units issued |  | 157 |  |  |  |  |  |
| Units redeemed | (136) | (109) |  |  |  |  |  |
| Units outstanding at end of year | 1935 | 4067 |  |  |  | 1785 |  |

---

(a) The mutual fund's shares, as applicable, became available for investment by the
Investment Division on October 21, 2024. The Statement of Changes in Net Assets is from October 21, 2024
through December 31, 2024.

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $— | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  |  |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  |  |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **Net assets beginning of year** |  |  |  |  |  |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $— | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  |  |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  |  |  |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL/PPM America High Yield Bond Fund - Class A | JNL/PPM America Investment Grade Credit Fund - Class A(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 Equity Fund - Class A(a) |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $(1339) | $— | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  | 605 |  |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  | 14114 |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  | 13380 |  |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Transfers between Investment Divisions |  |  |  |  | (8) |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  | (8) |  |  |
| **Net change in net assets** |  |  |  |  | 13372 |  |  |
| **Net assets beginning of year** |  |  |  |  | 79342 |  |  |
| **Net assets end of year** | $— | $— | $— | $— | $92714 | $— | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  | 2783 |  |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  | 2783 |  |  |

---

(a) The mutual fund's shares, as applicable, became available for investment by the
Investment Division on October 21, 2024. The Statement of Changes in Net Assets is from October 21, 2024
through December 31, 2024.

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | JNL/T. Rowe Price Capital Appreciation Fund - Class A | JNL/T. Rowe Price Growth Stock 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 |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $(1551) | $(1707) | $(106) | $— | $(1524) | $— |
| Net realized gain (loss) on investments in Funds |  | 7378 | 1025 | 273 |  | 1962 |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  | 19632 | 8792 | 57 |  | 11273 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  | 25459 | 8110 | 224 |  | 11711 |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  | (12223) |  |  |  |
| Transfers between Investment Divisions |  | (9301) | (1) | (29) |  | 2403 |  |
| Contract owner charges |  |  | (8) | (18) |  |  |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  | (9301) | (9) | (12270) |  | 2403 |  |
| **Net change in net assets** |  | 16158 | 8101 | (12046) |  | 14114 |  |
| **Net assets beginning of year** |  | 91220 | 107591 | 12046 |  | 91741 |  |
| **Net assets end of year** | $— | $107378 | $115692 | $— | $— | $105855 | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  | 1786 | 1818 | 1193 |  | 2349 |  |
| Units issued |  | 46 |  |  |  | 111 |  |
| Units redeemed |  | (190) |  | (1193) |  | (63) |  |
| Units outstanding at end of year |  | 1642 | 1818 |  |  | 2397 |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |  |  |  |  |  |
| December 31, 2024 |  |  |  |  |  |  |  |
|  | 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/William Blair International Leaders Fund - Class A | JNL/WMC Balanced Fund - Class A | JNL/WMC Equity Income Fund - Class A |
| **Operations** |  |  |  |  |  |  |  |
| Net investment income (loss) | $— | $— | $— | $— | $(177) | $(4) | $— |
| Net realized gain (loss) on investments in Funds |  |  |  |  | 26 | 7 |  |
| Net change in unrealized appreciation |  |  |  |  |  |  |  |
| (depreciation) on investments in Funds |  |  |  |  | (199) | 29 |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from operations** |  |  |  |  | (350) | 32 |  |
| **Contract transactions** |  |  |  |  |  |  |  |
| Surrenders and terminations |  |  |  |  |  |  |  |
| Transfers between Investment Divisions |  |  |  |  | 4 | (18) |  |
| Contract owner charges |  |  |  |  |  | (4) |  |
| **Net change in net assets** |  |  |  |  |  |  |  |
| **from contract transactions** |  |  |  |  | 4 | (22) |  |
| **Net change in net assets** |  |  |  |  | (346) | 10 |  |
| **Net assets beginning of year** |  |  |  |  | 14395 | 236 |  |
| **Net assets end of year** | $— | $— | $— | $— | $14049 | $246 | $— |
| **Contract unit transactions** |  |  |  |  |  |  |  |
| Units outstanding at beginning of year |  |  |  |  | 909 | 12 |  |
| Units issued |  |  |  |  |  |  |  |
| Units redeemed |  |  |  |  |  |  |  |
| Units outstanding at end of year |  |  |  |  | 909 | 12 |  |

---

See Notes to the Financial Statements.

------

---

| | | |
|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |
| **Statements of Changes in Net Assets** | **Statements of Changes in Net Assets** |  |
| December 31, 2024 |  |  |
|  | JNL/WMC Global Real Estate Fund - Class A | JNL/WMC Value Fund - Class A |
| **Operations** |  |  |
| Net investment income (loss) | $(300) | $— |
| Net realized gain (loss) on investments in Funds | 204 |  |
| Net change in unrealized appreciation |  |  |
| (depreciation) on investments in Funds | 890 |  |
| **Net change in net assets** |  |  |
| **from operations** | 794 |  |
| **Contract transactions** |  |  |
| Surrenders and terminations |  |  |
| Transfers between Investment Divisions | 1912 |  |
| **Net change in net assets** |  |  |
| **from contract transactions** | 1912 |  |
| **Net change in net assets** | 2706 |  |
| **Net assets beginning of year** | 18577 |  |
| **Net assets end of year** | $21283 | $— |
| **Contract unit transactions** |  |  |
| Units outstanding at beginning of year | 1414 |  |
| Units issued | 273 |  |
| Units redeemed | (128) |  |
| Units outstanding at end of year | 1559 |  |

---

See Notes to the Financial Statements.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL Aggressive Growth Allocation Fund - Class A** | **JNL Aggressive Growth Allocation Fund - Class A** | **JNL Aggressive Growth Allocation Fund - Class A** | **JNL Aggressive Growth Allocation Fund - Class A** | **JNL Aggressive Growth Allocation Fund - Class A** | **JNL Aggressive Growth Allocation Fund - Class A** | **JNL Aggressive Growth Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 20.470101 | 13.70 | 1.50 |
| **JNL Conservative Allocation Fund - Class A** | **JNL Conservative Allocation Fund - Class A** | **JNL Conservative Allocation Fund - Class A** | **JNL Conservative Allocation Fund - Class A** | **JNL Conservative Allocation Fund - Class A** | **JNL Conservative Allocation Fund - Class A** | **JNL Conservative Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 13.001164 | 2.13 | 1.50 |
| **JNL Growth Allocation Fund - Class A** | **JNL Growth Allocation Fund - Class A** | **JNL Growth Allocation Fund - Class A** | **JNL Growth Allocation Fund - Class A** | **JNL Growth Allocation Fund - Class A** | **JNL Growth Allocation Fund - Class A** | **JNL Growth Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 20.711864 | 11.45 | 1.50 |
| **JNL Growth ETF Allocation Fund - Class A** | **JNL Growth ETF Allocation Fund - Class A** | **JNL Growth ETF Allocation Fund - Class A** | **JNL Growth ETF Allocation Fund - Class A** | **JNL Growth ETF Allocation Fund - Class A** | **JNL Growth ETF Allocation Fund - Class A** | **JNL Growth ETF Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 20.981285 | 13.33 | 1.50 |
| **JNL Moderate Allocation Fund - Class A** | **JNL Moderate Allocation Fund - Class A** | **JNL Moderate Allocation Fund - Class A** | **JNL Moderate Allocation Fund - Class A** | **JNL Moderate Allocation Fund - Class A** | **JNL Moderate Allocation Fund - Class A** | **JNL Moderate Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 17.303754 | 5.80 | 1.50 |
| **JNL Moderate ETF Allocation Fund - Class A** | **JNL Moderate ETF Allocation Fund - Class A** | **JNL Moderate ETF Allocation Fund - Class A** | **JNL Moderate ETF Allocation Fund - Class A** | **JNL Moderate ETF Allocation Fund - Class A** | **JNL Moderate ETF Allocation Fund - Class A** | **JNL Moderate ETF Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.911580 | 6.04 | 1.50 |
| **JNL Moderate Growth Allocation Fund - Class A** | **JNL Moderate Growth Allocation Fund - Class A** | **JNL Moderate Growth Allocation Fund - Class A** | **JNL Moderate Growth Allocation Fund - Class A** | **JNL Moderate Growth Allocation Fund - Class A** | **JNL Moderate Growth Allocation Fund - Class A** | **JNL Moderate Growth Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 19.492487 | 8.56 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL Moderate Growth ETF Allocation Fund - Class A** | **JNL Moderate Growth ETF Allocation Fund - Class A** | **JNL Moderate Growth ETF Allocation Fund - Class A** | **JNL Moderate Growth ETF Allocation Fund - Class A** | **JNL Moderate Growth ETF Allocation Fund - Class A** | **JNL Moderate Growth ETF Allocation Fund - Class A** | **JNL Moderate Growth ETF Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 18.132027 | 9.67 | 1.50 |
| **JNL Multi-Manager Alternative Fund - Class A** | **JNL Multi-Manager Alternative Fund - Class A** | **JNL Multi-Manager Alternative Fund - Class A** | **JNL Multi-Manager Alternative Fund - Class A** | **JNL Multi-Manager Alternative Fund - Class A** | **JNL Multi-Manager Alternative Fund - Class A** | **JNL Multi-Manager Alternative Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 10.854755 | 1.25 | 1.50 |
| **JNL Multi-Manager Emerging Markets Equity Fund - Class A** | **JNL Multi-Manager Emerging Markets Equity Fund - Class A** | **JNL Multi-Manager Emerging Markets Equity Fund - Class A** | **JNL Multi-Manager Emerging Markets Equity Fund - Class A** | **JNL Multi-Manager Emerging Markets Equity Fund - Class A** | **JNL Multi-Manager Emerging Markets Equity Fund - Class A** | **JNL Multi-Manager Emerging Markets Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.753993 | (1.41) | 1.50 |
| **JNL Multi-Manager Floating Rate Income Fund - Class A** | **JNL Multi-Manager Floating Rate Income Fund - Class A** | **JNL Multi-Manager Floating Rate Income Fund - Class A** | **JNL Multi-Manager Floating Rate Income Fund - Class A** | **JNL Multi-Manager Floating Rate Income Fund - Class A** | **JNL Multi-Manager Floating Rate Income Fund - Class A** | **JNL Multi-Manager Floating Rate Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 | 0 |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 | 0 |  | 0.00 | 12.003819 | 2.19 | 1.50 |
| **JNL Multi-Manager International Small Cap Fund - Class A** | **JNL Multi-Manager International Small Cap Fund - Class A** | **JNL Multi-Manager International Small Cap Fund - Class A** | **JNL Multi-Manager International Small Cap Fund - Class A** | **JNL Multi-Manager International Small Cap Fund - Class A** | **JNL Multi-Manager International Small Cap Fund - Class A** | **JNL Multi-Manager International Small Cap Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021+ |  |  | 0.00 | 15.458803 | 2.04<br>‡ | 1.50 |
| **JNL Multi-Manager Mid Cap Fund - Class A** | **JNL Multi-Manager Mid Cap Fund - Class A** | **JNL Multi-Manager Mid Cap Fund - Class A** | **JNL Multi-Manager Mid Cap Fund - Class A** | **JNL Multi-Manager Mid Cap Fund - Class A** | **JNL Multi-Manager Mid Cap Fund - Class A** | **JNL Multi-Manager Mid Cap Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 19.762400 | 22.40 | 1.50 |
| **JNL Multi-Manager Small Cap Growth Fund - Class A** | **JNL Multi-Manager Small Cap Growth Fund - Class A** | **JNL Multi-Manager Small Cap Growth Fund - Class A** | **JNL Multi-Manager Small Cap Growth Fund - Class A** | **JNL Multi-Manager Small Cap Growth Fund - Class A** | **JNL Multi-Manager Small Cap Growth Fund - Class A** | **JNL Multi-Manager Small Cap Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 52.972615 | 1.39 | 1.50 |

---

---

| |
|:---|
| The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL Multi-Manager Small Cap Value Fund - Class A** | **JNL Multi-Manager Small Cap Value Fund - Class A** | **JNL Multi-Manager Small Cap Value Fund - Class A** | **JNL Multi-Manager Small Cap Value Fund - Class A** | **JNL Multi-Manager Small Cap Value Fund - Class A** | **JNL Multi-Manager Small Cap Value Fund - Class A** | **JNL Multi-Manager Small Cap Value Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 24.338629 | 21.16 | 1.50 |
| **JNL Multi-Manager U.S. Select Equity Fund - Class A** | **JNL Multi-Manager U.S. Select Equity Fund - Class A** | **JNL Multi-Manager U.S. Select Equity Fund - Class A** | **JNL Multi-Manager U.S. Select Equity Fund - Class A** | **JNL Multi-Manager U.S. Select Equity Fund - Class A** | **JNL Multi-Manager U.S. Select Equity Fund - Class A** | **JNL Multi-Manager U.S. Select Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024+ |  |  | 0.00 | N/A | N/A | N/A |
| **JNL/AB Sustainable Global Thematic Fund - Class A** | **JNL/AB Sustainable Global Thematic Fund - Class A** | **JNL/AB Sustainable Global Thematic Fund - Class A** | **JNL/AB Sustainable Global Thematic Fund - Class A** | **JNL/AB Sustainable Global Thematic Fund - Class A** | **JNL/AB Sustainable Global Thematic Fund - Class A** | **JNL/AB Sustainable Global Thematic Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022+ |  |  | 0.00 | N/A | N/A | N/A |
| **JNL/American Funds Balanced Fund - Class A** | **JNL/American Funds Balanced Fund - Class A** | **JNL/American Funds Balanced Fund - Class A** | **JNL/American Funds Balanced Fund - Class A** | **JNL/American Funds Balanced Fund - Class A** | **JNL/American Funds Balanced Fund - Class A** | **JNL/American Funds Balanced Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 23.857621 | 13.00 | 1.50 |
| **JNL/American Funds Bond Fund of America Fund - Class A** | **JNL/American Funds Bond Fund of America Fund - Class A** | **JNL/American Funds Bond Fund of America Fund - Class A** | **JNL/American Funds Bond Fund of America Fund - Class A** | **JNL/American Funds Bond Fund of America Fund - Class A** | **JNL/American Funds Bond Fund of America Fund - Class A** | **JNL/American Funds Bond Fund of America Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021+ |  |  | 0.00 | 10.007072 | 0.17<br>‡ | 1.50 |
| **JNL/American Funds Capital Income Builder Fund - Class A** | **JNL/American Funds Capital Income Builder Fund - Class A** | **JNL/American Funds Capital Income Builder Fund - Class A** | **JNL/American Funds Capital Income Builder Fund - Class A** | **JNL/American Funds Capital Income Builder Fund - Class A** | **JNL/American Funds Capital Income Builder Fund - Class A** | **JNL/American Funds Capital Income Builder Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 12.508733 | 12.83 | 1.50 |
| **JNL/American Funds Capital World Bond Fund - Class A** | **JNL/American Funds Capital World Bond Fund - Class A** | **JNL/American Funds Capital World Bond Fund - Class A** | **JNL/American Funds Capital World Bond Fund - Class A** | **JNL/American Funds Capital World Bond Fund - Class A** | **JNL/American Funds Capital World Bond Fund - Class A** | **JNL/American Funds Capital World Bond Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 10.891343 | (6.74) | 1.50 |

---

---

| |
|:---|
| The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL Multi-Manager U.S. Select Equity Fund - Class A - October 21, 2024; 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/American Funds Global Growth Fund - Class A** | **JNL/American Funds Global Growth Fund - Class A** | **JNL/American Funds Global Growth Fund - Class A** | **JNL/American Funds Global Growth Fund - Class A** | **JNL/American Funds Global Growth Fund - Class A** | **JNL/American Funds Global Growth Fund - Class A** | **JNL/American Funds Global Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 25.715423 | 14.35 | 1.50 |
| **JNL/American Funds Global Small Capitalization Fund - Class A** | **JNL/American Funds Global Small Capitalization Fund - Class A** | **JNL/American Funds Global Small Capitalization Fund - Class A** | **JNL/American Funds Global Small Capitalization Fund - Class A** | **JNL/American Funds Global Small Capitalization Fund - Class A** | **JNL/American Funds Global Small Capitalization Fund - Class A** | **JNL/American Funds Global Small Capitalization Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 23.785404 | 4.79 | 1.50 |
| **JNL/American Funds Growth Allocation Fund - Class A** | **JNL/American Funds Growth Allocation Fund - Class A** | **JNL/American Funds Growth Allocation Fund - Class A** | **JNL/American Funds Growth Allocation Fund - Class A** | **JNL/American Funds Growth Allocation Fund - Class A** | **JNL/American Funds Growth Allocation Fund - Class A** | **JNL/American Funds Growth Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 23.524825 | 11.94 | 1.50 |
| **JNL/American Funds Growth Fund - Class A** | **JNL/American Funds Growth Fund - Class A** | **JNL/American Funds Growth Fund - Class A** | **JNL/American Funds Growth Fund - Class A** | **JNL/American Funds Growth Fund - Class A** | **JNL/American Funds Growth Fund - Class A** | **JNL/American Funds Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 45.599428 | 19.80 | 1.50 |
| **JNL/American Funds Growth-Income Fund - Class A** | **JNL/American Funds Growth-Income Fund - Class A** | **JNL/American Funds Growth-Income Fund - Class A** | **JNL/American Funds Growth-Income Fund - Class A** | **JNL/American Funds Growth-Income Fund - Class A** | **JNL/American Funds Growth-Income Fund - Class A** | **JNL/American Funds Growth-Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 34.512853 | 21.81 | 1.50 |
| **JNL/American Funds International Fund - Class A** | **JNL/American Funds International Fund - Class A** | **JNL/American Funds International Fund - Class A** | **JNL/American Funds International Fund - Class A** | **JNL/American Funds International Fund - Class A** | **JNL/American Funds International Fund - Class A** | **JNL/American Funds International Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 16.391044 | (3.28) | 1.50 |
| **JNL/American Funds Moderate Allocation Fund - Class A** | **JNL/American Funds Moderate Allocation Fund - Class A** | **JNL/American Funds Moderate Allocation Fund - Class A** | **JNL/American Funds Moderate Allocation Fund - Class A** | **JNL/American Funds Moderate Allocation Fund - Class A** | **JNL/American Funds Moderate Allocation Fund - Class A** | **JNL/American Funds Moderate Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024+ |  |  | 0.00 | N/A | N/A | N/A |

---

---

| |
|:---|
| The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/American Funds Moderate Allocation Fund - Class A - October 21, 2024. |
| 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/American Funds Moderate Growth Allocation Fund - Class A** | **JNL/American Funds Moderate Growth Allocation Fund - Class A** | **JNL/American Funds Moderate Growth Allocation Fund - Class A** | **JNL/American Funds Moderate Growth Allocation Fund - Class A** | **JNL/American Funds Moderate Growth Allocation Fund - Class A** | **JNL/American Funds Moderate Growth Allocation Fund - Class A** | **JNL/American Funds Moderate Growth Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 19.619697 | 8.32 | 1.50 |
| **JNL/American Funds New World Fund - Class A** | **JNL/American Funds New World Fund - Class A** | **JNL/American Funds New World Fund - Class A** | **JNL/American Funds New World Fund - Class A** | **JNL/American Funds New World Fund - Class A** | **JNL/American Funds New World Fund - Class A** | **JNL/American Funds New World Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 18.025201 | 2.90 | 1.50 |
| **JNL/American Funds Washington Mutual Investors Fund - Class A** | **JNL/American Funds Washington Mutual Investors Fund - Class A** | **JNL/American Funds Washington Mutual Investors Fund - Class A** | **JNL/American Funds Washington Mutual Investors Fund - Class A** | **JNL/American Funds Washington Mutual Investors Fund - Class A** | **JNL/American Funds Washington Mutual Investors Fund - Class A** | **JNL/American Funds Washington Mutual Investors Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 30.159888 | 25.42 | 1.50 |
| **JNL/AQR Large Cap Defensive Style Fund - Class A** | **JNL/AQR Large Cap Defensive Style Fund - Class A** | **JNL/AQR Large Cap Defensive Style Fund - Class A** | **JNL/AQR Large Cap Defensive Style Fund - Class A** | **JNL/AQR Large Cap Defensive Style Fund - Class A** | **JNL/AQR Large Cap Defensive Style Fund - Class A** | **JNL/AQR Large Cap Defensive Style Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.048657 | 20.17 | 1.50 |
| **JNL/BlackRock Global Allocation Fund - Class A** | **JNL/BlackRock Global Allocation Fund - Class A** | **JNL/BlackRock Global Allocation Fund - Class A** | **JNL/BlackRock Global Allocation Fund - Class A** | **JNL/BlackRock Global Allocation Fund - Class A** | **JNL/BlackRock Global Allocation Fund - Class A** | **JNL/BlackRock Global Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 17.389158 | 5.70 | 1.50 |
| **JNL/BlackRock Global Natural Resources Fund - Class A** | **JNL/BlackRock Global Natural Resources Fund - Class A** | **JNL/BlackRock Global Natural Resources Fund - Class A** | **JNL/BlackRock Global Natural Resources Fund - Class A** | **JNL/BlackRock Global Natural Resources Fund - Class A** | **JNL/BlackRock Global Natural Resources Fund - Class A** | **JNL/BlackRock Global Natural Resources Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 10.134313 | 28.64 | 1.50 |
| **JNL/BlackRock Large Cap Select Growth Fund - Class A** | **JNL/BlackRock Large Cap Select Growth Fund - Class A** | **JNL/BlackRock Large Cap Select Growth Fund - Class A** | **JNL/BlackRock Large Cap Select Growth Fund - Class A** | **JNL/BlackRock Large Cap Select Growth Fund - Class A** | **JNL/BlackRock Large Cap Select Growth Fund - Class A** | **JNL/BlackRock Large Cap Select Growth Fund - Class A** |
| 12/31/2025 | 126 | 3 | 0.00 | 37.442912 | 9.75 | 1.50 |
| 12/31/2024 | 115 | 3 | 0.00 | 34.116028 | 29.50 | 1.50 |
| 12/31/2023 | 89 | 3 | 0.00 | 26.345206 | 47.48 | 1.50 |
| 12/31/2022 | 60 | 3 | 0.00 | 17.863972 | (38.80) | 1.50 |
| 12/31/2021 | 98 | 3 | 0.00 | 29.189086 | 18.66 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Causeway International Value Select Fund - Class A** | **JNL/Causeway International Value Select Fund - Class A** | **JNL/Causeway International Value Select Fund - Class A** | **JNL/Causeway International Value Select Fund - Class A** | **JNL/Causeway International Value Select Fund - Class A** | **JNL/Causeway International Value Select Fund - Class A** | **JNL/Causeway International Value Select Fund - Class A** |
| 12/31/2025 | 127 | 4 | 1.78 | 32.849776 | 40.97 | 1.50 |
| 12/31/2024 | 105 | 5 | 1.84 | 23.303346 | 2.93 | 1.50 |
| 12/31/2023 | 94 | 4 | 1.56 | 22.640915 | 26.44 | 1.50 |
| 12/31/2022 | 77 | 4 | 1.27 | 17.905817 | (8.43) | 1.50 |
| 12/31/2021 | 92 | 5 | 1.39 | 19.553995 | 6.88 | 1.50 |
| **JNL/ClearBridge Large Cap Growth Fund - Class A** | **JNL/ClearBridge Large Cap Growth Fund - Class A** | **JNL/ClearBridge Large Cap Growth Fund - Class A** | **JNL/ClearBridge Large Cap Growth Fund - Class A** | **JNL/ClearBridge Large Cap Growth Fund - Class A** | **JNL/ClearBridge Large Cap Growth Fund - Class A** | **JNL/ClearBridge Large Cap Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 21.152288 | 19.37 | 1.50 |
| **JNL/Cohen & Steers U.S. Realty Fund - Class A** | **JNL/Cohen & Steers U.S. Realty Fund - Class A** | **JNL/Cohen & Steers U.S. Realty Fund - Class A** | **JNL/Cohen & Steers U.S. Realty Fund - Class A** | **JNL/Cohen & Steers U.S. Realty Fund - Class A** | **JNL/Cohen & Steers U.S. Realty Fund - Class A** | **JNL/Cohen & Steers U.S. Realty Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 15.447510 | 41.99 | 1.50 |
| **JNL/DFA International Core Equity Fund - Class A** | **JNL/DFA International Core Equity Fund - Class A** | **JNL/DFA International Core Equity Fund - Class A** | **JNL/DFA International Core Equity Fund - Class A** | **JNL/DFA International Core Equity Fund - Class A** | **JNL/DFA International Core Equity Fund - Class A** | **JNL/DFA International Core Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 12.406983 | 9.68 | 1.50 |
| **JNL/DFA U.S. Core Equity Fund - Class A** | **JNL/DFA U.S. Core Equity Fund - Class A** | **JNL/DFA U.S. Core Equity Fund - Class A** | **JNL/DFA U.S. Core Equity Fund - Class A** | **JNL/DFA U.S. Core Equity Fund - Class A** | **JNL/DFA U.S. Core Equity Fund - Class A** | **JNL/DFA U.S. Core Equity Fund - Class A** |
| 12/31/2025 | 126 | 3 | 0.00 | 47.172031 | 13.38 | 1.50 |
| 12/31/2024 | 111 | 3 | 0.00 | 41.604972 | 18.60 | 1.50 |
| 12/31/2023 | 94 | 3 | 0.00 | 35.079341 | 20.46 | 1.50 |
| 12/31/2022 | 78 | 3 | 0.00 | 29.121779 | (16.85) | 1.50 |
| 12/31/2021 | 94 | 3 | 0.00 | 35.024984 | 24.99 | 1.50 |
| **JNL/DFA U.S. Small Cap Fund - Class A** | **JNL/DFA U.S. Small Cap Fund - Class A** | **JNL/DFA U.S. Small Cap Fund - Class A** | **JNL/DFA U.S. Small Cap Fund - Class A** | **JNL/DFA U.S. Small Cap Fund - Class A** | **JNL/DFA U.S. Small Cap Fund - Class A** | **JNL/DFA U.S. Small Cap Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 25.877749 | 25.56 | 1.50 |
| **JNL/DoubleLine Core Fixed Income Fund - Class A** | **JNL/DoubleLine Core Fixed Income Fund - Class A** | **JNL/DoubleLine Core Fixed Income Fund - Class A** | **JNL/DoubleLine Core Fixed Income Fund - Class A** | **JNL/DoubleLine Core Fixed Income Fund - Class A** | **JNL/DoubleLine Core Fixed Income Fund - Class A** | **JNL/DoubleLine Core Fixed Income Fund - Class A** |
| 12/31/2025 | 19 | 1 | 0.00 | 17.721033 | 5.58 | 1.50 |
| 12/31/2024 | 18 | 1 | 0.00 | 16.784387 | 0.76 | 1.50 |
| 12/31/2023 | 17 | 1 | 0.00 | 16.658175 | 4.45 | 1.50 |
| 12/31/2022 | 17 | 1 | 0.00 | 15.948329 | (14.57) | 1.50 |
| 12/31/2021 | 20 | 1 | 0.00 | 18.667712 | (1.92) | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** | **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** | **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** | **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** | **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** | **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** | **JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 11.614252 | (0.76) | 1.50 |
| **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** | **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** | **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** | **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** | **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** | **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** | **JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 26.348687 | 22.16 | 1.50 |
| **JNL/DoubleLine Total Return Fund - Class A** | **JNL/DoubleLine Total Return Fund - Class A** | **JNL/DoubleLine Total Return Fund - Class A** | **JNL/DoubleLine Total Return Fund - Class A** | **JNL/DoubleLine Total Return Fund - Class A** | **JNL/DoubleLine Total Return Fund - Class A** | **JNL/DoubleLine Total Return Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 11.507092 | (1.91) | 1.50 |
| **JNL/Dreyfus Government Money Market Fund - Class A** | **JNL/Dreyfus Government Money Market Fund - Class A** | **JNL/Dreyfus Government Money Market Fund - Class A** | **JNL/Dreyfus Government Money Market Fund - Class A** | **JNL/Dreyfus Government Money Market Fund - Class A** | **JNL/Dreyfus Government Money Market Fund - Class A** | **JNL/Dreyfus Government Money Market Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 9.128779 | (1.49) | 1.50 |
| **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** | **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** | **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** | **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** | **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** | **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** | **JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 17.390701 | (2.17) | 1.50 |
| **JNL/First Sentier Global Infrastructure Fund - Class A** | **JNL/First Sentier Global Infrastructure Fund - Class A** | **JNL/First Sentier Global Infrastructure Fund - Class A** | **JNL/First Sentier Global Infrastructure Fund - Class A** | **JNL/First Sentier Global Infrastructure Fund - Class A** | **JNL/First Sentier Global Infrastructure Fund - Class A** | **JNL/First Sentier Global Infrastructure Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 18.249445 | 11.27 | 1.50 |
| **JNL/Franklin Templeton Income Fund - Class A** | **JNL/Franklin Templeton Income Fund - Class A** | **JNL/Franklin Templeton Income Fund - Class A** | **JNL/Franklin Templeton Income Fund - Class A** | **JNL/Franklin Templeton Income Fund - Class A** | **JNL/Franklin Templeton Income Fund - Class A** | **JNL/Franklin Templeton Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 18.803168 | 13.05 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Goldman Sachs 4 Fund - Class A** | **JNL/Goldman Sachs 4 Fund - Class A** | **JNL/Goldman Sachs 4 Fund - Class A** | **JNL/Goldman Sachs 4 Fund - Class A** | **JNL/Goldman Sachs 4 Fund - Class A** | **JNL/Goldman Sachs 4 Fund - Class A** | **JNL/Goldman Sachs 4 Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  | -— | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 35.979070 | 33.46 | 1.50 |
| **JNL/GQG Emerging Markets Equity Fund - Class A** | **JNL/GQG Emerging Markets Equity Fund - Class A** | **JNL/GQG Emerging Markets Equity Fund - Class A** | **JNL/GQG Emerging Markets Equity Fund - Class A** | **JNL/GQG Emerging Markets Equity Fund - Class A** | **JNL/GQG Emerging Markets Equity Fund - Class A** | **JNL/GQG Emerging Markets Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 13.206847 | (3.75) | 1.50 |
| **JNL/Invesco Diversified Dividend Fund - Class A** | **JNL/Invesco Diversified Dividend Fund - Class A** | **JNL/Invesco Diversified Dividend Fund - Class A** | **JNL/Invesco Diversified Dividend Fund - Class A** | **JNL/Invesco Diversified Dividend Fund - Class A** | **JNL/Invesco Diversified Dividend Fund - Class A** | **JNL/Invesco Diversified Dividend Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 13.285117 | 16.89 | 1.50 |
| **JNL/Invesco Global Growth Fund - Class A** | **JNL/Invesco Global Growth Fund - Class A** | **JNL/Invesco Global Growth Fund - Class A** | **JNL/Invesco Global Growth Fund - Class A** | **JNL/Invesco Global Growth Fund - Class A** | **JNL/Invesco Global Growth Fund - Class A** | **JNL/Invesco Global Growth Fund - Class A** |
| 12/31/2025 | 123 | 2 | 0.00 | 51.251546 | 13.65 | 1.50 |
| 12/31/2024 | 113 | 3 | 0.00 | 45.094454 | 14.10 | 1.50 |
| 12/31/2023 | 98 | 2 | 0.00 | 39.522846 | 32.52 | 1.50 |
| 12/31/2022 | 77 | 3 | 0.00 | 29.823572 | (33.20) | 1.50 |
| 12/31/2021 | 104 | 2 | 0.00 | 44.645951 | 13.65 | 1.50 |
| **JNL/Invesco Small Cap Growth Fund - Class A** | **JNL/Invesco Small Cap Growth Fund - Class A** | **JNL/Invesco Small Cap Growth Fund - Class A** | **JNL/Invesco Small Cap Growth Fund - Class A** | **JNL/Invesco Small Cap Growth Fund - Class A** | **JNL/Invesco Small Cap Growth Fund - Class A** | **JNL/Invesco Small Cap Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 54.243270 | 5.67 | 1.50 |
| **JNL/JPMorgan Global Allocation Fund - Class A** | **JNL/JPMorgan Global Allocation Fund - Class A** | **JNL/JPMorgan Global Allocation Fund - Class A** | **JNL/JPMorgan Global Allocation Fund - Class A** | **JNL/JPMorgan Global Allocation Fund - Class A** | **JNL/JPMorgan Global Allocation Fund - Class A** | **JNL/JPMorgan Global Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.179717 | 7.27 | 1.50 |
| **JNL/JPMorgan Hedged Equity Fund - Class A** | **JNL/JPMorgan Hedged Equity Fund - Class A** | **JNL/JPMorgan Hedged Equity Fund - Class A** | **JNL/JPMorgan Hedged Equity Fund - Class A** | **JNL/JPMorgan Hedged Equity Fund - Class A** | **JNL/JPMorgan Hedged Equity Fund - Class A** | **JNL/JPMorgan Hedged Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 13.187641 | 10.18 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** | **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** | **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** | **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** | **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** | **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** | **JNL/JPMorgan Managed Aggressive Growth Fund - Class A** |
| 12/31/2025 | 0 | 0 | 0.00 | 40.863327 | 13.08 | 1.50 |
| 12/31/2024 | 0 | 0 | 0.00 | 36.137772 | 11.90 | 1.50 |
| 12/31/2023 | 8 | 0 | 0.00 | 32.296062 | 20.38 | 1.50 |
| 12/31/2022 | 7 | 0 | 0.00 | 26.828850 | (23.31) | 1.50 |
| 12/31/2021 | 9 | 0 | 0.00 | 34.982511 | 14.59 | 1.50 |
| **JNL/JPMorgan Managed Conservative Fund - Class A** | **JNL/JPMorgan Managed Conservative Fund - Class A** | **JNL/JPMorgan Managed Conservative Fund - Class A** | **JNL/JPMorgan Managed Conservative Fund - Class A** | **JNL/JPMorgan Managed Conservative Fund - Class A** | **JNL/JPMorgan Managed Conservative Fund - Class A** | **JNL/JPMorgan Managed Conservative Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 19.086097 | 2.18 | 1.50 |
| **JNL/JPMorgan Managed Growth Fund - Class A** | **JNL/JPMorgan Managed Growth Fund - Class A** | **JNL/JPMorgan Managed Growth Fund - Class A** | **JNL/JPMorgan Managed Growth Fund - Class A** | **JNL/JPMorgan Managed Growth Fund - Class A** | **JNL/JPMorgan Managed Growth Fund - Class A** | **JNL/JPMorgan Managed Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  | -— | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 32.137425 | 12.76 | 1.50 |
| **JNL/JPMorgan Managed Moderate Fund - Class A** | **JNL/JPMorgan Managed Moderate Fund - Class A** | **JNL/JPMorgan Managed Moderate Fund - Class A** | **JNL/JPMorgan Managed Moderate Fund - Class A** | **JNL/JPMorgan Managed Moderate Fund - Class A** | **JNL/JPMorgan Managed Moderate Fund - Class A** | **JNL/JPMorgan Managed Moderate Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 24.180253 | 5.17 | 1.50 |
| **JNL/JPMorgan Managed Moderate Growth Fund - Class A** | **JNL/JPMorgan Managed Moderate Growth Fund - Class A** | **JNL/JPMorgan Managed Moderate Growth Fund - Class A** | **JNL/JPMorgan Managed Moderate Growth Fund - Class A** | **JNL/JPMorgan Managed Moderate Growth Fund - Class A** | **JNL/JPMorgan Managed Moderate Growth Fund - Class A** | **JNL/JPMorgan Managed Moderate Growth Fund - Class A** |
| 12/31/2025 | 49 | 2 | 0.00 | 28.941970 | 10.59 | 1.50 |
| 12/31/2024 | 54 | 2 | 0.00 | 26.170399 | 8.09 | 1.50 |
| 12/31/2023 | 60 | 2 | 0.00 | 24.210806 | 14.33 | 1.50 |
| 12/31/2022 | 62 | 3 | 0.00 | 21.176386 | (20.15) | 1.50 |
| 12/31/2021 | 83 | 3 | 0.00 | 26.520235 | 9.20 | 1.50 |
| **JNL/JPMorgan MidCap Growth Fund - Class A** | **JNL/JPMorgan MidCap Growth Fund - Class A** | **JNL/JPMorgan MidCap Growth Fund - Class A** | **JNL/JPMorgan MidCap Growth Fund - Class A** | **JNL/JPMorgan MidCap Growth Fund - Class A** | **JNL/JPMorgan MidCap Growth Fund - Class A** | **JNL/JPMorgan MidCap Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 58.144351 | 9.38 | 1.50 |
| **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** | **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** | **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** | **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** | **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** | **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** | **JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024+ |  |  | 0.00 | N/A | N/A | N/A |

---

---

| |
|:---|
| The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A - October 21, 2024. |
| 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** | **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** | **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** | **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** | **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** | **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** | **JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.464412 | (3.60) | 1.50 |
| **JNL/JPMorgan U.S. Value Fund - Class A** | **JNL/JPMorgan U.S. Value Fund - Class A** | **JNL/JPMorgan U.S. Value Fund - Class A** | **JNL/JPMorgan U.S. Value Fund - Class A** | **JNL/JPMorgan U.S. Value Fund - Class A** | **JNL/JPMorgan U.S. Value Fund - Class A** | **JNL/JPMorgan U.S. Value Fund - Class A** |
| 12/31/2025 | 17 | 1 | 0.00 | 23.217776 | 12.16 | 1.50 |
| 12/31/2024 | 15 | 1 | 0.00 | 20.699775 | 13.00 | 1.50 |
| 12/31/2023 | 13 | 1 | 0.00 | 18.317741 | 7.39 | 1.50 |
| 12/31/2022 | 12 | 1 | 0.00 | 17.057878 | (4.40) | 1.50 |
| 12/31/2021 | 13 | 1 | 0.00 | 17.842570 | 25.47 | 1.50 |
| **JNL/Lazard International Quality Growth Fund - Class A** | **JNL/Lazard International Quality Growth Fund - Class A** | **JNL/Lazard International Quality Growth Fund - Class A** | **JNL/Lazard International Quality Growth Fund - Class A** | **JNL/Lazard International Quality Growth Fund - Class A** | **JNL/Lazard International Quality Growth Fund - Class A** | **JNL/Lazard International Quality Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 16.803045 | 4.83 | 1.50 |
| **JNL/Loomis Sayles Global Growth Fund - Class A** | **JNL/Loomis Sayles Global Growth Fund - Class A** | **JNL/Loomis Sayles Global Growth Fund - Class A** | **JNL/Loomis Sayles Global Growth Fund - Class A** | **JNL/Loomis Sayles Global Growth Fund - Class A** | **JNL/Loomis Sayles Global Growth Fund - Class A** | **JNL/Loomis Sayles Global Growth Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 15.646102 | 4.04 | 1.50 |
| **JNL/Lord Abbett Short Duration Income Fund - Class A** | **JNL/Lord Abbett Short Duration Income Fund - Class A** | **JNL/Lord Abbett Short Duration Income Fund - Class A** | **JNL/Lord Abbett Short Duration Income Fund - Class A** | **JNL/Lord Abbett Short Duration Income Fund - Class A** | **JNL/Lord Abbett Short Duration Income Fund - Class A** | **JNL/Lord Abbett Short Duration Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 10.223726 | (1.17) | 1.50 |
| **JNL/Mellon Bond Index Fund - Class A** | **JNL/Mellon Bond Index Fund - Class A** | **JNL/Mellon Bond Index Fund - Class A** | **JNL/Mellon Bond Index Fund - Class A** | **JNL/Mellon Bond Index Fund - Class A** | **JNL/Mellon Bond Index Fund - Class A** | **JNL/Mellon Bond Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 13.966317 | (3.63) | 1.50 |
| **JNL/Mellon Communication Services Sector Fund - Class A** | **JNL/Mellon Communication Services Sector Fund - Class A** | **JNL/Mellon Communication Services Sector Fund - Class A** | **JNL/Mellon Communication Services Sector Fund - Class A** | **JNL/Mellon Communication Services Sector Fund - Class A** | **JNL/Mellon Communication Services Sector Fund - Class A** | **JNL/Mellon Communication Services Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 43.261954 | 13.91 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Mellon Consumer Discretionary Sector Fund - Class A** | **JNL/Mellon Consumer Discretionary Sector Fund - Class A** | **JNL/Mellon Consumer Discretionary Sector Fund - Class A** | **JNL/Mellon Consumer Discretionary Sector Fund - Class A** | **JNL/Mellon Consumer Discretionary Sector Fund - Class A** | **JNL/Mellon Consumer Discretionary Sector Fund - Class A** | **JNL/Mellon Consumer Discretionary Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 62.892026 | 20.72 | 1.50 |
| **JNL/Mellon Consumer Staples Sector Fund - Class A** | **JNL/Mellon Consumer Staples Sector Fund - Class A** | **JNL/Mellon Consumer Staples Sector Fund - Class A** | **JNL/Mellon Consumer Staples Sector Fund - Class A** | **JNL/Mellon Consumer Staples Sector Fund - Class A** | **JNL/Mellon Consumer Staples Sector Fund - Class A** | **JNL/Mellon Consumer Staples Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.670560 | 14.55 | 1.50 |
| **JNL/Mellon Dow Index Fund - Class A** | **JNL/Mellon Dow Index Fund - Class A** | **JNL/Mellon Dow Index Fund - Class A** | **JNL/Mellon Dow Index Fund - Class A** | **JNL/Mellon Dow Index Fund - Class A** | **JNL/Mellon Dow Index Fund - Class A** | **JNL/Mellon Dow Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | 36.004756 | 12.51 | 1.50 |
| 12/31/2023 | 2 | 0 | 0.00 | 32.002154 | 13.72 | 1.50 |
| 12/31/2022 | 4 | 0 | 0.00 | 28.141037 | (8.84) | 1.50 |
| 12/31/2021 | 6 | 0 | 0.00 | 30.869460 | 18.37 | 1.50 |
| **JNL/Mellon Emerging Markets Index Fund - Class A** | **JNL/Mellon Emerging Markets Index Fund - Class A** | **JNL/Mellon Emerging Markets Index Fund - Class A** | **JNL/Mellon Emerging Markets Index Fund - Class A** | **JNL/Mellon Emerging Markets Index Fund - Class A** | **JNL/Mellon Emerging Markets Index Fund - Class A** | **JNL/Mellon Emerging Markets Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 12.104803 | (4.94) | 1.50 |
| **JNL/Mellon Energy Sector Fund - Class A** | **JNL/Mellon Energy Sector Fund - Class A** | **JNL/Mellon Energy Sector Fund - Class A** | **JNL/Mellon Energy Sector Fund - Class A** | **JNL/Mellon Energy Sector Fund - Class A** | **JNL/Mellon Energy Sector Fund - Class A** | **JNL/Mellon Energy Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 21.665468 | 52.39 | 1.50 |
| **JNL/Mellon Financial Sector Fund - Class A** | **JNL/Mellon Financial Sector Fund - Class A** | **JNL/Mellon Financial Sector Fund - Class A** | **JNL/Mellon Financial Sector Fund - Class A** | **JNL/Mellon Financial Sector Fund - Class A** | **JNL/Mellon Financial Sector Fund - Class A** | **JNL/Mellon Financial Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 21.254524 | 27.41 | 1.50 |
| **JNL/Mellon Healthcare Sector Fund - Class A** | **JNL/Mellon Healthcare Sector Fund - Class A** | **JNL/Mellon Healthcare Sector Fund - Class A** | **JNL/Mellon Healthcare Sector Fund - Class A** | **JNL/Mellon Healthcare Sector Fund - Class A** | **JNL/Mellon Healthcare Sector Fund - Class A** | **JNL/Mellon Healthcare Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 50.228049 | 18.41 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Mellon Industrials Sector Fund - Class A** | **JNL/Mellon Industrials Sector Fund - Class A** | **JNL/Mellon Industrials Sector Fund - Class A** | **JNL/Mellon Industrials Sector Fund - Class A** | **JNL/Mellon Industrials Sector Fund - Class A** | **JNL/Mellon Industrials Sector Fund - Class A** | **JNL/Mellon Industrials Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 15.289685 | 19.12 | 1.50 |
| **JNL/Mellon Information Technology Sector Fund - Class A** | **JNL/Mellon Information Technology Sector Fund - Class A** | **JNL/Mellon Information Technology Sector Fund - Class A** | **JNL/Mellon Information Technology Sector Fund - Class A** | **JNL/Mellon Information Technology Sector Fund - Class A** | **JNL/Mellon Information Technology Sector Fund - Class A** | **JNL/Mellon Information Technology Sector Fund - Class A** |
| 12/31/2025 | 22 | 0 | 0.00 | 132.858072 | 18.93 | 1.50 |
| 12/31/2024 | 22 | 0 | 0.00 | 111.713028 | 33.24 | 1.50 |
| 12/31/2023 | 18 | 0 | 0.00 | 83.842860 | 55.84 | 1.50 |
| 12/31/2022 | 15 | 0 | 0.00 | 53.799007 | (33.00) | 1.50 |
| 12/31/2021 | 19 | 0 | 0.00 | 80.292253 | 31.23 | 1.50 |
| **JNL/Mellon International Index Fund - Class A** | **JNL/Mellon International Index Fund - Class A** | **JNL/Mellon International Index Fund - Class A** | **JNL/Mellon International Index Fund - Class A** | **JNL/Mellon International Index Fund - Class A** | **JNL/Mellon International Index Fund - Class A** | **JNL/Mellon International Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 20.524908 | 8.83 | 1.50 |
| **JNL/Mellon Materials Sector Fund - Class A** | **JNL/Mellon Materials Sector Fund - Class A** | **JNL/Mellon Materials Sector Fund - Class A** | **JNL/Mellon Materials Sector Fund - Class A** | **JNL/Mellon Materials Sector Fund - Class A** | **JNL/Mellon Materials Sector Fund - Class A** | **JNL/Mellon Materials Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 15.270915 | 26.48 | 1.50 |
| **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** | **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** | **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** | **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** | **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** | **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** | **JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | 72.510909 | 23.22 | 1.50 |
| 12/31/2023 | 3 | 0 | 0.00 | 58.846330 | 51.90 | 1.50 |
| 12/31/2022 | 3 | 0 | 0.00 | 38.740494 | (33.80) | 1.50 |
| 12/31/2021 | 7 | 0 | 0.00 | 58.521523 | 24.81 | 1.50 |
| **JNL/Mellon Real Estate Sector Fund - Class A** | **JNL/Mellon Real Estate Sector Fund - Class A** | **JNL/Mellon Real Estate Sector Fund - Class A** | **JNL/Mellon Real Estate Sector Fund - Class A** | **JNL/Mellon Real Estate Sector Fund - Class A** | **JNL/Mellon Real Estate Sector Fund - Class A** | **JNL/Mellon Real Estate Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 15.280283 | 36.69 | 1.50 |
| **JNL/Mellon S&P 400 MidCap Index Fund - Class A** | **JNL/Mellon S&P 400 MidCap Index Fund - Class A** | **JNL/Mellon S&P 400 MidCap Index Fund - Class A** | **JNL/Mellon S&P 400 MidCap Index Fund - Class A** | **JNL/Mellon S&P 400 MidCap Index Fund - Class A** | **JNL/Mellon S&P 400 MidCap Index Fund - Class A** | **JNL/Mellon S&P 400 MidCap Index Fund - Class A** |
| 12/31/2025 | 115 | 2 | 0.00 | 50.210706 | 5.31 | 1.50 |
| 12/31/2024 | 105 | 2 | 0.00 | 47.678178 | 11.64 | 1.50 |
| 12/31/2023 | 93 | 2 | 0.00 | 42.707475 | 14.09 | 1.50 |
| 12/31/2022 | 75 | 2 | 0.00 | 37.432726 | (14.83) | 1.50 |
| 12/31/2021 | 96 | 2 | 0.00 | 43.948711 | 22.29 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Mellon S&P 500 Index Fund - Class A** | **JNL/Mellon S&P 500 Index Fund - Class A** | **JNL/Mellon S&P 500 Index Fund - Class A** | **JNL/Mellon S&P 500 Index Fund - Class A** | **JNL/Mellon S&P 500 Index Fund - Class A** | **JNL/Mellon S&P 500 Index Fund - Class A** | **JNL/Mellon S&P 500 Index Fund - Class A** |
| 12/31/2025 | 107 | 2 | 0.00 | 60.030033 | 15.54 | 1.50 |
| 12/31/2024 | 101 | 2 | 0.00 | 51.957203 | 22.53 | 1.50 |
| 12/31/2023 | 88 | 2 | 0.00 | 42.403977 | 23.81 | 1.50 |
| 12/31/2022 | 74 | 2 | 0.00 | 34.250080 | (19.74) | 1.50 |
| 12/31/2021 | 97 | 2 | 0.00 | 42.674099 | 26.18 | 1.50 |
| **JNL/Mellon Small Cap Index Fund - Class A** | **JNL/Mellon Small Cap Index Fund - Class A** | **JNL/Mellon Small Cap Index Fund - Class A** | **JNL/Mellon Small Cap Index Fund - Class A** | **JNL/Mellon Small Cap Index Fund - Class A** | **JNL/Mellon Small Cap Index Fund - Class A** | **JNL/Mellon Small Cap Index Fund - Class A** |
| 12/31/2025 | 166 | 4 | 0.00 | 39.344970 | 3.99 | 1.50 |
| 12/31/2024 | 154 | 4 | 0.00 | 37.834026 | 6.41 | 1.50 |
| 12/31/2023 | 143 | 4 | 0.00 | 35.554321 | 13.85 | 1.50 |
| 12/31/2022 | 115 | 4 | 0.00 | 31.228716 | (17.88) | 1.50 |
| 12/31/2021 | 145 | 4 | 0.00 | 38.028097 | 24.24 | 1.50 |
| **JNL/Mellon U.S. Stock Market Index Fund - Class A** | **JNL/Mellon U.S. Stock Market Index Fund - Class A** | **JNL/Mellon U.S. Stock Market Index Fund - Class A** | **JNL/Mellon U.S. Stock Market Index Fund - Class A** | **JNL/Mellon U.S. Stock Market Index Fund - Class A** | **JNL/Mellon U.S. Stock Market Index Fund - Class A** | **JNL/Mellon U.S. Stock Market Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 18.553965 | 23.48 | 1.50 |
| **JNL/Mellon Utilities Sector Fund - Class A** | **JNL/Mellon Utilities Sector Fund - Class A** | **JNL/Mellon Utilities Sector Fund - Class A** | **JNL/Mellon Utilities Sector Fund - Class A** | **JNL/Mellon Utilities Sector Fund - Class A** | **JNL/Mellon Utilities Sector Fund - Class A** | **JNL/Mellon Utilities Sector Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 19.541407 | 15.03 | 1.50 |
| **JNL/Mellon World Index Fund - Class A** | **JNL/Mellon World Index Fund - Class A** | **JNL/Mellon World Index Fund - Class A** | **JNL/Mellon World Index Fund - Class A** | **JNL/Mellon World Index Fund - Class A** | **JNL/Mellon World Index Fund - Class A** | **JNL/Mellon World Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 33.093854 | 19.37 | 1.50 |
| **JNL/MFS Mid Cap Value Fund - Class A** | **JNL/MFS Mid Cap Value Fund - Class A** | **JNL/MFS Mid Cap Value Fund - Class A** | **JNL/MFS Mid Cap Value Fund - Class A** | **JNL/MFS Mid Cap Value Fund - Class A** | **JNL/MFS Mid Cap Value Fund - Class A** | **JNL/MFS Mid Cap Value Fund - Class A** |
| 12/31/2025 | 64 | 2 | 0.00 | 35.571267 | 4.43 | 1.50 |
| 12/31/2024 | 61 | 2 | 0.00 | 34.061790 | 12.14 | 1.50 |
| 12/31/2023 | 54 | 2 | 0.00 | 30.373362 | 10.69 | 1.50 |
| 12/31/2022 | 49 | 2 | 0.00 | 27.439207 | (10.36) | 1.50 |
| 12/31/2021 | 55 | 2 | 0.00 | 30.610601 | 28.59 | 1.50 |
| **JNL/Morningstar SMID Moat Focus Index Fund - Class A** | **JNL/Morningstar SMID Moat Focus Index Fund - Class A** | **JNL/Morningstar SMID Moat Focus Index Fund - Class A** | **JNL/Morningstar SMID Moat Focus Index Fund - Class A** | **JNL/Morningstar SMID Moat Focus Index Fund - Class A** | **JNL/Morningstar SMID Moat Focus Index Fund - Class A** | **JNL/Morningstar SMID Moat Focus Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024+ |  |  | 0.00 | N/A | N/A | N/A |

---

---

| |
|:---|
| The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/Morningstar SMID Moat Focus Index Fund - Class A - October 21, 2024. |
| 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Morningstar U.S. Sustainability Index Fund - Class A** | **JNL/Morningstar U.S. Sustainability Index Fund - Class A** | **JNL/Morningstar U.S. Sustainability Index Fund - Class A** | **JNL/Morningstar U.S. Sustainability Index Fund - Class A** | **JNL/Morningstar U.S. Sustainability Index Fund - Class A** | **JNL/Morningstar U.S. Sustainability Index Fund - Class A** | **JNL/Morningstar U.S. Sustainability Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 20.739714 | 28.68 | 1.50 |
| **JNL/Morningstar Wide Moat Index Fund - Class A** | **JNL/Morningstar Wide Moat Index Fund - Class A** | **JNL/Morningstar Wide Moat Index Fund - Class A** | **JNL/Morningstar Wide Moat Index Fund - Class A** | **JNL/Morningstar Wide Moat Index Fund - Class A** | **JNL/Morningstar Wide Moat Index Fund - Class A** | **JNL/Morningstar Wide Moat Index Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 16.798722 | 22.05 | 1.50 |
| **JNL/Neuberger Berman Strategic Income Fund - Class A** | **JNL/Neuberger Berman Strategic Income Fund - Class A** | **JNL/Neuberger Berman Strategic Income Fund - Class A** | **JNL/Neuberger Berman Strategic Income Fund - Class A** | **JNL/Neuberger Berman Strategic Income Fund - Class A** | **JNL/Neuberger Berman Strategic Income Fund - Class A** | **JNL/Neuberger Berman Strategic Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 12.492577 | 1.13 | 1.50 |
| **JNL/Newton Equity Income Fund - Class A** | **JNL/Newton Equity Income Fund - Class A** | **JNL/Newton Equity Income Fund - Class A** | **JNL/Newton Equity Income Fund - Class A** | **JNL/Newton Equity Income Fund - Class A** | **JNL/Newton Equity Income Fund - Class A** | **JNL/Newton Equity Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 32.955420 | 30.79 | 1.50 |
| **JNL/PIMCO Income Fund - Class A** | **JNL/PIMCO Income Fund - Class A** | **JNL/PIMCO Income Fund - Class A** | **JNL/PIMCO Income Fund - Class A** | **JNL/PIMCO Income Fund - Class A** | **JNL/PIMCO Income Fund - Class A** | **JNL/PIMCO Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 10.889480 | 0.48 | 1.50 |
| **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** | **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** | **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** | **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** | **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** | **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** | **JNL/PIMCO Investment Grade Credit Bond Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.040891 | (3.09) | 1.50 |
| **JNL/PIMCO Real Return Fund - Class A** | **JNL/PIMCO Real Return Fund - Class A** | **JNL/PIMCO Real Return Fund - Class A** | **JNL/PIMCO Real Return Fund - Class A** | **JNL/PIMCO Real Return Fund - Class A** | **JNL/PIMCO Real Return Fund - Class A** | **JNL/PIMCO Real Return Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 16.023733 | 3.83 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/PPM America High Yield Bond Fund - Class A** | **JNL/PPM America High Yield Bond Fund - Class A** | **JNL/PPM America High Yield Bond Fund - Class A** | **JNL/PPM America High Yield Bond Fund - Class A** | **JNL/PPM America High Yield Bond Fund - Class A** | **JNL/PPM America High Yield Bond Fund - Class A** | **JNL/PPM America High Yield Bond Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  | -— | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 21.507995 | 4.18 | 1.50 |
| **JNL/PPM America Investment Grade Credit Fund - Class A** | **JNL/PPM America Investment Grade Credit Fund - Class A** | **JNL/PPM America Investment Grade Credit Fund - Class A** | **JNL/PPM America Investment Grade Credit Fund - Class A** | **JNL/PPM America Investment Grade Credit Fund - Class A** | **JNL/PPM America Investment Grade Credit Fund - Class A** | **JNL/PPM America Investment Grade Credit Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024+ |  |  | 0.00 | N/A | N/A | N/A |
| **JNL/PPM America Total Return Fund - Class A** | **JNL/PPM America Total Return Fund - Class A** | **JNL/PPM America Total Return Fund - Class A** | **JNL/PPM America Total Return Fund - Class A** | **JNL/PPM America Total Return Fund - Class A** | **JNL/PPM America Total Return Fund - Class A** | **JNL/PPM America Total Return Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 20.265868 | (2.62) | 1.50 |
| **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** | **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** | **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** | **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** | **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** | **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** | **JNL/RAFI Fundamental U.S. Small Cap Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 22.439811 | 28.30 | 1.50 |
| **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** | **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** | **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** | **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** | **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** | **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** | **JNL/RAFI Multi-Factor U.S. Equity Fund - Class A** |
| 12/31/2025 | 106 | 3 | 0.00 | 38.125385 | 14.48 | 1.50 |
| 12/31/2024 | 93 | 3 | 0.00 | 33.304233 | 16.86 | 1.50 |
| 12/31/2023 | 79 | 3 | 0.00 | 28.498208 | 10.40 | 1.50 |
| 12/31/2022 | 72 | 3 | 0.00 | 25.814212 | (9.38) | 1.50 |
| 12/31/2021 | 79 | 3 | 0.00 | 28.487432 | 24.50 | 1.50 |
| **JNL/T. Rowe Price Balanced Fund - Class A** | **JNL/T. Rowe Price Balanced Fund - Class A** | **JNL/T. Rowe Price Balanced Fund - Class A** | **JNL/T. Rowe Price Balanced Fund - Class A** | **JNL/T. Rowe Price Balanced Fund - Class A** | **JNL/T. Rowe Price Balanced Fund - Class A** | **JNL/T. Rowe Price Balanced Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 15.310561 | 11.05 | 1.50 |
| **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024+ |  |  | 0.00 | N/A | N/A | N/A |

---

---

| |
|:---|
| The mutual fund's shares, as applicable, became available as follows for investment by the Investment Division: JNL/PPM America Investment Grade Credit Fund - Class A - October 21, 2024; JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A - October 21, 2024. |
| 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/T. Rowe Price Capital Appreciation Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Fund - Class A** | **JNL/T. Rowe Price Capital Appreciation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 23.203921 | 16.14 | 1.50 |
| **JNL/T. Rowe Price Growth Stock Fund - Class A** | **JNL/T. Rowe Price Growth Stock Fund - Class A** | **JNL/T. Rowe Price Growth Stock Fund - Class A** | **JNL/T. Rowe Price Growth Stock Fund - Class A** | **JNL/T. Rowe Price Growth Stock Fund - Class A** | **JNL/T. Rowe Price Growth Stock Fund - Class A** | **JNL/T. Rowe Price Growth Stock Fund - Class A** |
| 12/31/2025 | 113 | 2 | 0.00 | 74.212553 | 13.55 | 1.50 |
| 12/31/2024 | 107 | 2 | 0.00 | 65.358778 | 28.00 | 1.50 |
| 12/31/2023 | 91 | 2 | 0.00 | 51.060512 | 45.81 | 1.50 |
| 12/31/2022 | 73 | 2 | 0.00 | 35.019532 | (39.72) | 1.50 |
| 12/31/2021 | 95 | 2 | 0.00 | 58.096093 | 12.73 | 1.50 |
| **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** | **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** | **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** | **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** | **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** | **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** | **JNL/T. Rowe Price Mid-Cap Growth Fund - Class A** |
| 12/31/2025 | 118 | 2 | 0.00 | 64.735456 | 1.61 | 1.50 |
| 12/31/2024 | 116 | 2 | 0.00 | 63.711359 | 7.54 | 1.50 |
| 12/31/2023 | 108 | 2 | 0.00 | 59.245058 | 18.18 | 1.50 |
| 12/31/2022 | 91 | 2 | 0.00 | 50.132782 | (23.23) | 1.50 |
| 12/31/2021 | 119 | 2 | 0.00 | 65.300382 | 11.23 | 1.50 |
| **JNL/T. Rowe Price Short-Term Bond Fund - Class A** | **JNL/T. Rowe Price Short-Term Bond Fund - Class A** | **JNL/T. Rowe Price Short-Term Bond Fund - Class A** | **JNL/T. Rowe Price Short-Term Bond Fund - Class A** | **JNL/T. Rowe Price Short-Term Bond Fund - Class A** | **JNL/T. Rowe Price Short-Term Bond Fund - Class A** | **JNL/T. Rowe Price Short-Term Bond Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | 10.424739 | 3.18 | 1.50 |
| 12/31/2023 | 12 | 1 | 0.00 | 10.102973 | 3.22 | 1.50 |
| 12/31/2022 | 24 | 2 | 0.00 | 9.787391 | (6.07) | 1.50 |
| 12/31/2021 | 36 | 3 | 0.00 | 10.419777 | (1.86) | 1.50 |
| **JNL/T. Rowe Price U.S. High Yield Fund - Class A** | **JNL/T. Rowe Price U.S. High Yield Fund - Class A** | **JNL/T. Rowe Price U.S. High Yield Fund - Class A** | **JNL/T. Rowe Price U.S. High Yield Fund - Class A** | **JNL/T. Rowe Price U.S. High Yield Fund - Class A** | **JNL/T. Rowe Price U.S. High Yield Fund - Class A** | **JNL/T. Rowe Price U.S. High Yield Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 11.871763 | 3.26 | 1.50 |
| **JNL/T. Rowe Price Value Fund - Class A** | **JNL/T. Rowe Price Value Fund - Class A** | **JNL/T. Rowe Price Value Fund - Class A** | **JNL/T. Rowe Price Value Fund - Class A** | **JNL/T. Rowe Price Value Fund - Class A** | **JNL/T. Rowe Price Value Fund - Class A** | **JNL/T. Rowe Price Value Fund - Class A** |
| 12/31/2025 | 115 | 2 | 0.00 | 48.697140 | 10.33 | 1.50 |
| 12/31/2024 | 106 | 2 | 0.00 | 44.137281 | 13.07 | 1.50 |
| 12/31/2023 | 92 | 2 | 0.00 | 39.033998 | 10.29 | 1.50 |
| 12/31/2022 | 76 | 2 | 0.00 | 35.392058 | (12.82) | 1.50 |
| 12/31/2021 | 97 | 2 | 0.00 | 40.596425 | 27.62 | 1.50 |
| **JNL/Vanguard Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Growth ETF Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.464237 | 12.61 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/Vanguard Moderate ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate ETF Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 12.363073 | 4.79 | 1.50 |
| **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** | **JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 13.385499 | 8.72 | 1.50 |
| **JNL/WCM Focused International Equity Fund - Class A** | **JNL/WCM Focused International Equity Fund - Class A** | **JNL/WCM Focused International Equity Fund - Class A** | **JNL/WCM Focused International Equity Fund - Class A** | **JNL/WCM Focused International Equity Fund - Class A** | **JNL/WCM Focused International Equity Fund - Class A** | **JNL/WCM Focused International Equity Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 24.758010 | 15.34 | 1.50 |
| **JNL/Westchester Capital Event Driven Fund - Class A** | **JNL/Westchester Capital Event Driven Fund - Class A** | **JNL/Westchester Capital Event Driven Fund - Class A** | **JNL/Westchester Capital Event Driven Fund - Class A** | **JNL/Westchester Capital Event Driven Fund - Class A** | **JNL/Westchester Capital Event Driven Fund - Class A** | **JNL/Westchester Capital Event Driven Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 11.943692 | 1.43 | 1.50 |
| **JNL/William Blair International Leaders Fund - Class A** | **JNL/William Blair International Leaders Fund - Class A** | **JNL/William Blair International Leaders Fund - Class A** | **JNL/William Blair International Leaders Fund - Class A** | **JNL/William Blair International Leaders Fund - Class A** | **JNL/William Blair International Leaders Fund - Class A** | **JNL/William Blair International Leaders Fund - Class A** |
| 12/31/2025 | 17 | 1 | 0.63 | 18.808780 | 21.66 | 1.50 |
| 12/31/2024 | 14 | 1 | 0.32 | 15.459681 | (2.43) | 1.50 |
| 12/31/2023 | 14 | 1 | 0.00 | 15.844760 | 11.11 | 1.50 |
| 12/31/2022 | 13 | 1 | 1.76 | 14.260891 | (26.14) | 1.50 |
| 12/31/2021 | 18 | 1 | 1.18 | 19.307378 | 4.61 | 1.50 |
| **JNL/WMC Balanced Fund - Class A** | **JNL/WMC Balanced Fund - Class A** | **JNL/WMC Balanced Fund - Class A** | **JNL/WMC Balanced Fund - Class A** | **JNL/WMC Balanced Fund - Class A** | **JNL/WMC Balanced Fund - Class A** | **JNL/WMC Balanced Fund - Class A** |
| 12/31/2025 | 0 | 0 | 0.00 | 38.100596 | 14.02 | 1.50 |
| 12/31/2024 | 0 | 0 | 0.00 | 33.416472 | 12.86 | 1.50 |
| 12/31/2023 | 0 | 0 | 0.00 | 29.608968 | 11.21 | 1.50 |
| 12/31/2022 | 0 | 0 | 0.00 | 26.624040 | (15.33) | 1.50 |
| 12/31/2021 | 0 | 0 | 0.00 | 31.444504 | 16.80 | 1.50 |
| **JNL/WMC Equity Income Fund - Class A** | **JNL/WMC Equity Income Fund - Class A** | **JNL/WMC Equity Income Fund - Class A** | **JNL/WMC Equity Income Fund - Class A** | **JNL/WMC Equity Income Fund - Class A** | **JNL/WMC Equity Income Fund - Class A** | **JNL/WMC Equity Income Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 14.933224 | 23.78 | 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. |
| ¥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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** | **JNLNY Separate Account II** |  |  |  |
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |  |  |  |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |  |  |  |
|  | Net Assets | Units Outstanding | Investment Income | Unit | Total | Ratio of |
| Year ended | (in thousands)($)¥ | (in thousands)¥ | Ratio(%)\* | Value($)§ | Return(%)† | Expenses(%)^ |
| **JNL/WMC Global Real Estate Fund - Class A** | **JNL/WMC Global Real Estate Fund - Class A** | **JNL/WMC Global Real Estate Fund - Class A** | **JNL/WMC Global Real Estate Fund - Class A** | **JNL/WMC Global Real Estate Fund - Class A** | **JNL/WMC Global Real Estate Fund - Class A** | **JNL/WMC Global Real Estate Fund - Class A** |
| 12/31/2025 | 23 | 2 | 0.00 | 14.684577 | 7.64 | 1.50 |
| 12/31/2024 | 21 | 2 | 0.00 | 13.641889 | 3.94 | 1.50 |
| 12/31/2023 | 19 | 1 | 0.00 | 13.125340 | 7.95 | 1.50 |
| 12/31/2022 | 15 | 1 | 0.00 | 12.158560 | (28.66) | 1.50 |
| 12/31/2021 | 20 | 1 | 0.00 | 17.042089 | 24.79 | 1.50 |
| **JNL/WMC Value Fund - Class A** | **JNL/WMC Value Fund - Class A** | **JNL/WMC Value Fund - Class A** | **JNL/WMC Value Fund - Class A** | **JNL/WMC Value Fund - Class A** | **JNL/WMC Value Fund - Class A** | **JNL/WMC Value Fund - Class A** |
| 12/31/2025 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2024 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2023 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2022 |  |  | 0.00 | N/A | N/A | N/A |
| 12/31/2021 |  |  | 0.00 | 30.083971 | 25.09 | 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. |
| ¥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.

------

#### JNLNY Separate Account II

#### Notes to Financial Statements
December 31, 2025

#### NOTE 1. Organization
Jackson National Life Insurance Company ("Jackson") established JNLNY Separate Account II (the "Separate Account") on November 10, 1998. The Separate Account commenced operations on September 1, 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 twenty-one (121) Investment Divisions as of December 31, 2025. These one hundred twenty-one (121) 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, 2025:

---

| | |
|:---|:---|
| **JNL<sup>®</sup> Series Trust** |  |
| **JNL Aggressive Growth Allocation Fund - Class A<sup>(1)</sup>** | JNL/JPMorgan MidCap Growth Fund - Class A |
| **JNL Conservative Allocation Fund - Class A<sup>(1)</sup>** | JNL/JPMorgan Nasdaq<sup>®</sup> Hedged Equity Fund - Class A |
| **JNL Growth Allocation Fund - Class A<sup>(1)</sup>** | JNL/JPMorgan U.S. Government & Quality Bond Fund - Class A |
| JNL Growth ETF Allocation Fund - Class A | JNL/JPMorgan U.S. Value Fund - Class A |
| JNL Moderate Allocation Fund - Class A<sup>(1)</sup> | JNL/Lazard International Quality Growth Fund - Class A |
| JNL Moderate ETF Allocation Fund - Class A | JNL/Loomis Sayles Global Growth Fund - Class A |
| JNL Moderate Growth Allocation Fund - Class A<sup>(1)</sup> | JNL/Lord Abbett Short Duration Income Fund - Class A |
| JNL Moderate Growth ETF Allocation Fund - Class A | JNL/Mellon Bond Index Fund - Class A |
| JNL Multi-Manager Alternative Fund - Class A | JNL/Mellon Communication Services Sector Fund - Class A |
| JNL Multi-Manager Emerging Markets Equity Fund - Class A | JNL/Mellon Consumer Discretionary Sector Fund - Class A |
| JNL Multi-Manager Floating Rate Income 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 Multi-Manager U.S. Select Equity Fund - Class A | JNL/Mellon Healthcare Sector Fund - Class A |
| JNL/AB Sustainable Global Thematic Fund - Class A | JNL/Mellon Industrials Sector Fund - Class A |
| JNL/American Funds Balanced Fund - Class A | JNL/Mellon Information Technology Sector Fund - Class A |
| JNL/American Funds Bond Fund of America Fund - Class A | JNL/Mellon International Index Fund - Class A |
| JNL/American Funds Capital Income Builder Fund - Class A | JNL/Mellon Materials Sector Fund - Class A |
| JNL/American Funds Capital World Bond Fund - Class A | JNL/Mellon Nasdaq<sup>®</sup> 100 Index Fund - Class A |
| JNL/American Funds Global Growth Fund - Class A | JNL/Mellon Real Estate Sector Fund - Class A |
| JNL/American Funds Global Small Capitalization Fund - Class A | JNL/Mellon S&P 400 MidCap Index Fund - Class A |
| JNL/American Funds Growth Allocation Fund - Class A<sup>(1)</sup> | JNL/Mellon S&P 500 Index Fund - Class A |
| JNL/American Funds Growth Fund - Class A | JNL/Mellon Small Cap Index Fund - Class A |
| JNL/American Funds Growth-Income Fund - Class A | JNL/Mellon U.S. Stock Market Index Fund - Class A |
| JNL/American Funds International Fund - Class A | JNL/Mellon Utilities Sector Fund - Class A |
| JNL/American Funds Moderate Allocation Fund - Class A<sup>(1)</sup> | JNL/Mellon World Index Fund - Class A |
| JNL/American Funds Moderate Growth Allocation Fund - Class A<sup>(1)</sup> | JNL/MFS Mid Cap Value Fund - Class A |
| JNL/American Funds New World Fund - Class A | JNL/Morningstar SMID Moat Focus Index Fund - Class A |
| JNL/American Funds Washington Mutual Investors Fund - Class A | JNL/Morningstar U.S. Sustainability Index Fund - Class A |
| JNL/AQR Large Cap Defensive Style 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 |

---

------

#### JNLNY Separate Account II

#### Notes to Financial Statements
December 31, 2025

---

| | |
|:---|:---|
| JNL/Cohen & Steers U.S. Realty Fund - Class A | JNL/PPM America High Yield Bond Fund - Class A |
| JNL/DFA International Core Equity Fund - Class A | JNL/PPM America Investment Grade Credit Fund - Class A |
| JNL/DFA U.S. Core Equity Fund - Class A | JNL/PPM America Total Return Fund - Class A |
| JNL/DFA U.S. Small Cap Fund - Class A | JNL/RAFI Fundamental U.S. Small Cap Fund - Class A |
| JNL/DoubleLine Core Fixed Income Fund - Class A | JNL/RAFI Multi-Factor U.S. Equity Fund - Class A |
| JNL/DoubleLine Emerging Markets Fixed Income Fund - Class A | JNL/T. Rowe Price Balanced Fund - Class A |
| JNL/DoubleLine Shiller Enhanced CAPE Fund - Class A | JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A |
| JNL/DoubleLine Total Return Fund - Class A | JNL/T. Rowe Price Capital Appreciation Fund - Class A |
| JNL/Dreyfus Government Money Market Fund - Class A | JNL/T. Rowe Price Growth Stock Fund - Class A |
| JNL/Fidelity Institutional Asset Management Total Bond Fund - Class A | JNL/T. Rowe Price Mid-Cap Growth Fund - Class A |
| JNL/First Sentier Global Infrastructure Fund - Class A | JNL/T. Rowe Price Short-Term Bond Fund - Class A |
| JNL/Franklin Templeton Income Fund - Class A | JNL/T. Rowe Price U.S. High Yield Fund - Class A |
| JNL/Goldman Sachs 4 Fund - Class A | JNL/T. Rowe Price Value Fund - Class A |
| JNL/GQG Emerging Markets Equity Fund - Class A | JNL/Vanguard Growth ETF Allocation Fund - Class A |
| JNL/Invesco Diversified Dividend Fund - Class A | JNL/Vanguard Moderate ETF Allocation Fund - Class A |
| JNL/Invesco Global Growth Fund - Class A | JNL/Vanguard Moderate Growth ETF Allocation Fund - Class A |
| JNL/Invesco Small Cap Growth Fund - Class A | JNL/WCM Focused International Equity Fund - Class A |
| JNL/JPMorgan Global Allocation Fund - Class A | JNL/Westchester Capital Event Driven Fund - Class A |
| JNL/JPMorgan Hedged Equity Fund - Class A | JNL/William Blair International Leaders Fund - Class A |
| JNL/JPMorgan Managed Aggressive Growth Fund - Class A | JNL/WMC Balanced Fund - Class A |
| JNL/JPMorgan Managed Conservative Fund - Class A | JNL/WMC Equity Income Fund - Class A |
| JNL/JPMorgan Managed Growth Fund - Class A | JNL/WMC Global Real Estate Fund - Class A |
| JNL/JPMorgan Managed Moderate Fund - Class A | JNL/WMC Value Fund - Class A |
| JNL/JPMorgan Managed Moderate Growth Fund - Class A |  |

---

<sup>(1)</sup> 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 Multi-Manager Floating Rate Income Fund, JNL/PPM America High Yield Bond Fund, JNL/PPM America Investment Grade Credit Fund and JNL/PPM America Total Return Fund.

During the year ended December 31, 2025, the following Fund acquisitions were completed for the corresponding Class A Fund. The Funds that were acquired during the year are no longer available as of December 31, 2025.

---

| | | |
|:---|:---|:---|
| Acquired Fund | Acquiring Fund | Date of Acquisition |
| JNL/Baillie Gifford International Growth Fund | JNL/Mellon International Index Fund | April 28, 2025 |
| JNL/Harris Oakmark Global Equity Fund | JNL/Mellon World Index Fund | April 28, 2025 |
| JNL/Western Asset Global Multi-Sector Bond Fund | JNL/Neuberger Berman Strategic Income Fund | April 28, 2025 |

---

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.

------

#### JNLNY Separate Account II

#### Notes to Financial Statements
December 31, 2025

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.

**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, 2025, 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 $30 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.

**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.

**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.

------

#### JNLNY Separate Account II

#### Notes to Financial Statements
December 31, 2025

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.

**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 will not exceed 2.0% of the contract value. Currently, New York does not impose premium taxes.

#### NOTE 4. Related Party 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. Segment Reporting
The Executive Vice President and Chief Financial Officer of Jackson is the Chief Operating Decision Maker ("CODM") for each of the investment divisions of the Separate Accounts. Each investment division is comprised of a single reportable segment, whose assets are invested in a fund with a single investment strategy, which reflects how the CODM monitors and manages the operating results of each investment division. The CODM manages the allocation of resources in accordance with each investment division's objective and the terms of the underlying fund's prospectus. The financial information used by the CODM to assess the segment's performance and to allocate resources, including total return, expense ratios, net changes in net assets from operations, is consistent with that presented within each investment division's financial statements and financial highlights.

#### NOTE 6. 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 to Financial Statements.

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&nbsp;&nbsp;&nbsp;&nbsp;KPMG LLP Aon Center Suite 5500 200 E. Randolph Street Chicago, IL 60601-6436 Report of Independent Registered Public Accounting Firm To the Board of Directors of Jackson National Life Insurance Company of New York and Contract Owners of JNLNY Separate Account II: Opinion on the Financial Statements We have audited the accompanying statements of assets and liabilities of the Investment Divisions listed in the Appendix that comprise JNLNY Separate Account II (the Separate Account), as of December 31, 2025, the related statements of operations for the year then ended listed in the Appendix, the statements of changes in net assets for each of the years or period then ended listed in the Appendix, and the related notes (collectively, the financial statements) and financial highlights for each of the years or periods indicated therein. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each Investment Division as of December 31, 2025, the results of their operations for the year then ended listed in the Appendix, the changes in their net assets for each of the years or period then ended listed in the Appendix and the financial highlights for each of the years or periods indicated therein, in conformity with U.S. generally accepted accounting principles. Basis for Opinion These financial statements and financial highlights are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the transfer agent of the underlying mutual funds. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provides a reasonable basis for our opinion. /s/ KPMG LLP We have served as the auditor of one or more Jackson National Life Insurance Company's separate accounts since 1999. Chicago, Illinois March 27, 2026 KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

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![](jnyiiopinionfy25002.jpg)

JNLNY Separate Account II Statements of assets and liabilities as of December 31, 2025, the related statements of operations for the year then ended, and the statements of changes in net assets for each of the years in the two-year period then ended. JNL Aggressive Growth Allocation Fund - Class A JNL Conservative Allocation Fund - Class A JNL Growth Allocation Fund - Class A JNL Growth ETF Allocation Fund - Class A JNL Moderate Allocation Fund - Class A JNL Moderate ETF Allocation Fund - Class A JNL Moderate Growth Allocation Fund - Class A JNL Moderate Growth ETF Allocation Fund - Class A JNL Multi-Manager Alternative Fund - Class A JNL Multi-Manager Emerging Markets Equity Fund - Class A JNL Multi-Manager Floating Rate Income 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 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 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/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/Cohen & Steers U.S. Realty 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

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![](jnyiiopinionfy25003.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;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/Dreyfus Government Money Market 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/GQG Emerging Markets Equity 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 Managed Aggressive Growth Fund - Class A JNL/JPMorgan Managed Conservative Fund - Class A JNL/JPMorgan Managed Growth Fund - Class A JNL/JPMorgan Managed Moderate Fund - Class A JNL/JPMorgan Managed Moderate Growth 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 Quality Growth 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

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![](jnyiiopinionfy25004.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;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 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 Growth Stock 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/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 Value Fund - Class A Statements of assets and liabilities as of December 31, 2025, the related statements of operations for the year then ended and the statements of changes in net assets for the year then ended and the period from October 21, 2024 (inception) to December 31, 2024. JNL Multi-Manager U.S. Select Equity Fund - Class A JNL/American Funds Moderate Allocation Fund - Class A JNL/JPMorgan Nasdaq® Hedged Equity Fund - Class A JNL/Morningstar SMID Moat Focus Index Fund - Class A JNL/PPM America Investment Grade Credit Fund - Class A JNL/T. Rowe Price Capital Appreciation Equity Fund - Class A

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![image.jpg](image.jpg)

**Jackson National Life Insurance** 

**Company of New York**

Statutory Financial Statements

December 31, 2025

------

**Jackson National Life Insurance Company of New York**

**Index to Statutory Financial Statements**

 **________________________________________________________________**

Independent Auditors' Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1

Statutory Statements of Admitted Assets, Liabilities,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital and Surplus as of December 31, 2025 and 2024&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4

Statutory Statements of Operations for the years ended

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December 31, 2025, 2024, and 2023&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5

Statutory Statements of Capital and Surplus for the years

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ended December 31, 2025, 2024, and 2023&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6

Statutory Statements of Cash Flow for the years

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ended December 31, 2025, 2024, and 2023&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7

Notes to Statutory Financial Statements&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8

Supplemental Schedule of Selected Financial Data&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47

Supplemental Investment Risks Interrogatories&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50

Summary Investment Schedule&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52

Reinsurance Risk Interrogatories&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53

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![image_0.jpg](image_0.jpg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KPMG LLP

Suite 600

350 N. 5th Street

Minneapolis, MN 55401

**Independent Auditors' Report**

The audit, Compensation, and Risk Management Committee of the Board of Directors

Jackson National Life Insurance Company of New York:

*Opinions*

We have audited the statutory financial statements of Jackson National Life Insurance Company of New York (the Company), which comprise the statutory statements of admitted assets, liabilities, capital and surplus as of December 31, 2025 and 2024, and the related statutory statements of operations, capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2025, and the related notes to the statutory financial statements.

*Unmodified Opinion on Statutory Basis of Accounting*

In our opinion, the accompanying statutory financial statements present fairly, in all material respects, the admitted assets, liabilities, capital and surplus of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2025, in accordance with accounting practices prescribed or permitted by the New York State Department of Financial Services described in Note 2.

*Adverse Opinion on U.S. Generally Accepted Accounting Principles*

In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles section of our report, the statutory financial statements do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of the Company as of December 31, 2025 and 2024, or the results of its operations or its cash flows for the three-year period ended December 31, 2025.

*Basis for Opinions*

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Statutory Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

*Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles*

As described in Note 2 to the statutory financial statements, the statutory financial statements are prepared by the Company using accounting practices prescribed or permitted by the New York State Department of Financial Services, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the statutory financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles. The effects on the statutory financial statements of the variances between the statutory accounting practices described in Note 2 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material and pervasive.

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

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![image_0.jpg](image_0.jpg)

*Responsibilities of Management for the Statutory Financial Statements*

Management is responsible for the preparation and fair presentation of the statutory financial statements in accordance with accounting practices prescribed or permitted by the New York State Department of Financial Services. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of statutory financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the statutory financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the statutory financial statements are issued.

*Auditors' Responsibilities for the Audit of the Statutory Financial Statements*

Our objectives are to obtain reasonable assurance about whether the statutory financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the statutory financial statements.

In performing an audit in accordance with GAAS, we:

• Exercise professional judgment and maintain professional skepticism throughout the audit.

• Identify and assess the risks of material misstatement of the statutory financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the statutory financial statements.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.

• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the statutory financial statements.

• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

*Supplementary Information*

Our audits were conducted for the purpose of forming an opinion on the statutory financial statements as a whole. The supplementary information included in the Supplemental Schedule of Selected Financial Data,

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![image_0.jpg](image_0.jpg)

Supplemental Investment Risks Interrogatories, Summary Investment Schedule, and Reinsurance Risk Interrogatories is presented for purposes of additional analysis and is not a required part of the statutory financial statements but is supplementary information required by the New York State Department of Financial Services. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the statutory financial statements. The information has been subjected to the auditing procedures applied in the audits of the statutory financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the statutory financial statements or to the statutory financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the information is fairly stated in all material respects in relation to the statutory financial statements as a whole.

/s/ KPMG LLP

Minneapolis, Minnesota

March 27, 2026

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**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus**

(In thousands, except share information)

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2025** | **2024** |
| **Admitted Assets** |  |  |
| Bonds | $1503160  | $1326232  |
| Cash and cash equivalents | 211410  | 106332  |
| Common stock - unaffiliated | —  | 825  |
| Receivables for securities | 122  | 204  |
| Securities lending reinvested collateral assets | 852  | 794  |
| Policy loans | 531  | 416  |
| Other invested assets | 2002  | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash and invested assets | 1718077  | 1434803  |
| Investment income due and accrued | 14606  | 10816  |
| Income tax receivable from parent  | —  | 665  |
| Net deferred tax asset | 31407  | 26422  |
| Amounts due from reinsurers | 476762  | 165296  |
| Other admitted assets | 97  | 84  |
| Admitted disallowed IMR | 17335  | 12037  |
| Separate account assets | 18910026  | 17304385  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total admitted assets** | $21168310  | $18954508  |
| **Liabilities, Capital and Surplus** |  |  |
| **Liabilities:** |  |  |
| Aggregate reserves for life, accident and health and annuity contracts | $972890  | $629663  |
| Liability for deposit-type contracts | 9029  | 8336  |
| Policy and contract claims | 13522  | 10695  |
| Asset valuation reserve | 16813  | 13848  |
| General expenses and taxes due and accrued | 6498  | 4717  |
| Accrued transfers to separate accounts | (23833) | (36870) |
| Federal income tax | 15525  | —  |
| Payable to parent | 497707  | 192998  |
| Payable for securities lending | 852  | 794  |
| Other liabilities | 27384  | 16803  |
| Separate account liabilities | 18910026  | 17304385  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 20446413  | 18145369  |
| **Capital and Surplus:** |  |  |
| Capital stock (par value $1,000 per share; 2,000 shares authorized, |  |  |
| &nbsp;&nbsp;&nbsp; issued and outstanding) | 2000  | 2000  |
| Gross paid-in and contributed surplus | 503859  | 503859  |
| Unassigned surplus | 198703  | 291243  |
| Special surplus funds | 17335  | 12037  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital and surplus | 721897  | 809139  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities, capital and surplus** | $21168310  | $18954508  |

---

See accompanying Notes to Statutory Financial Statements.

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**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Statutory Statements of Operations**

(In thousands)

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2023** |
| **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Premiums and annuity considerations | $557687  | $528718  | $101132  |
| &nbsp;&nbsp;&nbsp;Fee income | 41150  | 41060  | 38391  |
| &nbsp;&nbsp;&nbsp;Net investment income (net of expenses of $2,529 in 2025, $2,154 in 2024, and $1,999 in 2023) | 59551  | 49079  | 47067  |
| &nbsp;&nbsp;&nbsp;Commissions and expense allowances on reinsurance ceded | 181940  | 150744  | 120145  |
| &nbsp;&nbsp;&nbsp;Separate accounts net gain (loss) from operations excluding unrealized gains or losses | (3829) | 19730  | —  |
| &nbsp;&nbsp;&nbsp;Total other income | 482  | —  | 280  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total income | 836981  | 789331  | 307015  |
| **Benefits and other deductions:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Death benefits | —  | 235  | 53  |
| &nbsp;&nbsp;&nbsp;Surrenders and annuity benefits | 321148  | 274964  | 216055  |
| &nbsp;&nbsp;&nbsp;Interest and adjustments on policy funds and deposit-type contracts | (451) | (881) | (424) |
| &nbsp;&nbsp;&nbsp;Change in aggregate reserves | 343227  | 2505  | (101977) |
| &nbsp;&nbsp;&nbsp;Commissions | 179957  | 144961  | 109260  |
| &nbsp;&nbsp;&nbsp;General insurance expenses | 32205  | 28296  | 25060  |
| &nbsp;&nbsp;&nbsp;Taxes, licenses and fees | 3416  | 1405  | 1221  |
| &nbsp;&nbsp;&nbsp;Change in loading on deferred and uncollected premium | (22) | (14) | 19  |
| &nbsp;&nbsp;&nbsp;Net transfers to (from) separate accounts | (56021) | 273203  | (53767) |
| &nbsp;&nbsp;&nbsp;Reclassification of ceding commission to surplus | —  | 16043  | —  |
| &nbsp;&nbsp;&nbsp;Amortization of gain on reinsured business to income | (1689) | (2368) | (624) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total benefits and other deductions | 821770  | 738349  | 194876  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) from operations before federal income tax expense and net realized capital losses | 15211  | 50982  | 112139  |
| &nbsp;&nbsp;&nbsp;Federal income tax expense (benefit) | 25945  | (20768) | 20594  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) from operations before net realized capital losses | (10734) | 71750  | 91545  |
| &nbsp;&nbsp;&nbsp;Net realized capital losses, less tax benefit of $238 in 2025 and nil in 2024 and 2023, respectively, excluding tax expense of $219 and $116 in 2025 and 2024, and tax benefit of $185 in 2023, respectively, transferred to the IMR |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized capital losses, less tax benefit of $238 in 2025 and nil in 2024 and 2023, respectively, excluding tax expense of $219 and $116 in 2025 and 2024, and tax benefit of $185 in 2023, respectively, transferred to the IMR | (469) | —  | (428) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income (loss)** | $(11203) | $71750  | $91117  |

---

See accompanying Notes to Statutory Financial Statements.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Statutory Statements of Capital and Surplus**

(In thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Surplus** | **Surplus** | **Surplus** | |
| |<br>**Capital** <br>**stock** | **Gross paid-in**<br>**and contributed** | **Special**<br>**Funds** |<br>**Unassigned** |<br>**Total** |
| **Balances at December 31, 2022** | $2000  | $503859  | $—  | $97269  | $603128  |
| Net income | —  | —  | —  | 91117  | 91117  |
| Change in net unrealized capital gains and losses | —  | —  | —  | 260  | 260  |
| Change in asset valuation reserve | —  | —  | —  | (1266) | (1266) |
| Change in non-admitted assets | —  | —  | —  | 6726  | 6726  |
| Change in surplus as a result of reinsurance | —  | —  | —  | (624) | (624) |
| Change in special surplus funds | —  | —  | 10892  | (10892) | —  |
| Change in net deferred income tax | —  | —  | —  | 20721  | 20721  |
| **Balances at December 31, 2023** | 2000  | 503859  | 10892  | 203311  | 720062  |
| Net income | —  | —  | —  | 71750  | 71750  |
| Change in net unrealized capital gains and losses | —  | —  | —  | 93  | 93  |
| Change in asset valuation reserve | —  | —  | —  | (1710) | (1710) |
| Change in non-admitted assets | —  | —  | —  | (10751) | (10751) |
| Change in surplus in separate accounts | —  | —  | —  | (19730) | (19730) |
| Surplus withdrawn from separate accounts | —  | —  | —  | 19730  | 19730  |
| Change in surplus as a result of reinsurance | —  | —  | —  | 13675  | 13675  |
| Change in special surplus funds | —  | —  | 1145  | (1145) | —  |
| Change in net deferred income tax | —  | —  | —  | 16020  | 16020  |
| **Balances at December 31, 2024** | 2000  | 503859  | 12037  | 291243  | 809139  |
| Net loss | —  | —  | —  | (11203) | (11203) |
| Change in net unrealized capital gains and losses | —  | —  | —  | (1198) | (1198) |
| Change in asset valuation reserve | —  | —  | —  | (2965) | (2965) |
| Change in non-admitted assets | —  | —  | —  | (8872) | (8872) |
| Change in surplus in separate accounts | —  | —  | —  | 38286  | 38286  |
| Surplus contributed to separate accounts | —  | —  | —  | (38286) | (38286) |
| Change in surplus as a result of reinsurance | —  | —  | —  | (1689) | (1689) |
| Change in special surplus funds | —  | —  | 5298  | (5298) | —  |
| Change in net deferred income tax | —  | —  | —  | 13685  | 13685  |
| Dividends to stockholder | —  | —  | —  | (75000) | (75000) |
| **Balances at December 31, 2025** | $2000  | $503859  | $17335  | $198703  | $721897  |

---

See accompanying Notes to Statutory Financial Statements.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Statutory Statements of Cash Flow**

(In thousands)

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2023** |
| **Cash from operations:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating receipts: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Premiums and annuity considerations | $862875  | $553647  | $74593  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income | 56637  | 49992  | 47402  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 217772  | 213642  | 162453  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash received from operations | 1137284  | 817281  | 284448  |
| &nbsp;&nbsp;&nbsp;Operating disbursements: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Benefit payments | 457089  | 437381  | 301033  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commissions, general expenses and taxes | (133021) | 114782  | 134448  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers to (from) separate accounts | 441031  | 173032  | (123440) |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal income taxes | 9736  | —  | (1318) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash disbursed from operations | 774835  | 725195  | 310723  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by (used in) operations** | 362449  | 92086  | (26275) |
| **Cash from investments:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from investments sold, matured, or repaid: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bonds sold | 55885  | 23230  | 28457  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond repayments, maturities, calls and redemptions | 183502  | 115246  | 92998  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds | 239387  | 138476  | 121455  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stocks | 795  | —  | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous | 85  | 3064  | 5898  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment proceeds | 240267  | 141540  | 127353  |
| &nbsp;&nbsp;&nbsp;Cost of investments acquired: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds | 426187  | 167550  | 108606  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous | 58  | —  | 112  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments acquired | 426245  | 167550  | 108718  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase in policy loans | (114) | (41) | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash (used in) provided by investments** | (186092) | (26051) | 18615  |
| **Cash from financing and miscellaneous sources:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash provided (applied): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net deposits on deposit-type contracts | (4863) | (6243) | (6171) |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends to stockholders | (75000) | —  | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 8584  | 15770  | (12248) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by (used in) financing and miscellaneous sources** | (71279) | 9527  | (18419) |
| Net change in cash and cash equivalents | 105078  | 75562  | (26079) |
| **Cash and cash equivalents at beginning of year** | 106332  | 30770  | 56849  |
| **Cash and cash equivalents at end of year** | $211410  | $106332  | $30770  |
| **Cash flow information for non-cash transactions:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Debt & equity securities acquired from exchange transactions | $5994  | $4528  | $4108  |
| &nbsp;&nbsp;&nbsp;Debt & equity securities disposed from exchange transactions | $(5995) | $(4517) | $—  |
| &nbsp;&nbsp;&nbsp;Bonds transferred from D-1 to BA-1 | $2004  | $—  | $—  |

---

See accompanying Notes to Statutory Financial Statements.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**<u>Note 1 - Organization</u>**

Jackson National Life Insurance Company of New York (the "Company" or "Jackson-NY") is wholly owned by Jackson National Life Insurance Company ("Jackson" or the "Parent"), a wholly owned subsidiary of Brooke Life Insurance Company ("Brooke Life"), which is wholly owned by the ultimate parent, Jackson Financial Inc. ("Jackson Financial"). Jackson-NY is licensed to sell group and individual annuity products (including immediate annuities, deferred fixed annuities, variable annuities ("VA"), and registered index-linked annuities ("RILA")), guaranteed investment contracts ("GICs") and individual life insurance products, including variable universal life, in the states of New York, Delaware and Michigan. There is no substantial doubt about the Company's ability to continue as a going concern.

**<u>Note 2 - Summary of Significant Accounting Policies</u>**

**Basis of Presentation**

The accompanying financial statements have been prepared in accordance with accounting practices prescribed or permitted by the New York State Department of Financial Services ("statutory"). Certain of these statutory accounting practices vary from U.S. generally accepted accounting principles ("GAAP"), including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The costs related to acquiring business, principally commissions, bonus interest on certain products and certain policy issue and underwriting costs, are charged to income in the year incurred and, thus, are not capitalized and amortized over the periods benefited;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Future policy benefit reserves for life insurance are based on statutory mortality and interest requirements without the consideration of withdrawals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.The Commissioners' Annuity Reserve Valuation Method ("CARVM") expense allowance associated with statutory reserving practices for deferred VA held in the separate accounts is reported in the general account as a negative liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Assets must be included in the statement of admitted assets, liabilities, capital and surplus at "admitted asset value," with "non-admitted assets" excluded through a charge to surplus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.An asset valuation reserve ("AVR") is established by a direct charge to surplus to offset future potential credit related investment losses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.Bonds are generally carried at amortized cost and, for investments carried at fair value, changes in investment valuations are recorded in surplus (under GAAP, these investments are generally carried at fair value, amortized cost for policy loans, with changes in valuation recorded in other comprehensive income);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.Liabilities for the indexed portion of RILA contracts, as well as the assets supporting those liabilities, are included in separate accounts for statutory reporting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.Current expected credit losses ("CECL") on certain financial assets are not recognized herein, but are required for GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.Realized gains and losses, net of tax, resulting from changes in interest rates on fixed income investments are deferred in the interest maintenance reserve ("IMR") and amortized into investment income over the approximate remaining life of the investment sold;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.Gains or losses resulting from market value adjustments ("MVA") on policies and contracts backed by assets that are valued at book/adjusted carrying value ("BACV") are deferred in the IMR and amortized in a manner consistent with the determination of the MVA;

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.Premiums for any contract, including annuities, under which the Company assumes mortality or morbidity risk are recognized as revenues. Under GAAP, premiums for contracts under which the Company does not assume significant mortality or morbidity risk are generally accounted for as deposits to policyholders' accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.A net deferred tax asset ("DTA"), for the tax effect of timing differences between book and tax assets and liabilities, is only reported as an admitted asset to the extent that it is realizable within three years, and represents less than 15% of capital and surplus (adjusted to exclude any net DTAs, electronic data processing ("EDP") equipment and operating system software and any net positive goodwill), subject to limits set by Statement of Statutory Accounting Principles ("SSAP") No. 101, with the change in net DTA or liability being recorded directly to surplus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.Reserve credits for reinsurance ceded are netted against the reserve liability, but are reported as assets under GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.Net after tax gains on reinsurance transactions comprised of contracts in force at the date of the transaction are excluded from net income and recorded directly to surplus, and amortized into income as earnings emerge from the business reinsured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.Statements of cash flow are prepared under a prescribed format, which differs from the indirect format under GAAP; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.There is no presentation of comprehensive income.

The effects on the financial statements of the variances between statutory accounting practices and GAAP, although not reasonably determinable, are presumed to be material and pervasive.

The New York State Department of Financial Services ("NYDFS") recognizes statutory accounting practices prescribed or permitted by the state of New York for determining and reporting the financial condition and results of operations of an insurance company, and for determining its solvency under New York Insurance Law. The NYDFS has adopted in its entirety, subject to certain conflicts and exceptions with New York Insurance Law, the National Association of Insurance Commissioners' ("NAIC") Accounting Practices and Procedures Manual ("NAIC SAP").

A Continuous CARVM reserve basis is prescribed for New York domiciled companies. In NAIC SAP, the application of Curtate CARVM reserve valuation is required. The Company's fixed annuity reserves are not valued under Curtate CARVM according to NAIC SAP, but rather, are valued under Continuous CARVM according to New York Insurance Law. If the application of Curtate CARVM reserve valuation were used, statutory capital and surplus would be increased by $141 thousand and $199 thousand as of December 31, 2025 and 2024, respectively. Additionally, net income would have decreased by $58 thousand, $55 thousand, and $51 thousand for the years then ended December 31, 2025, 2024, and 2023, respectively.

Valuation Manual-21: Requirements for Principle-Based Reserves for VA ("VM-21") was amended and effective for NAIC SAP for 2020. New York state law incorporates VM-21 but also includes an additional floor calculation for purposes of defining minimum reserve standards. The Company's reserves are not valued solely under VM-21 according to NAIC SAP, but rather, are valued with the additional floor calculation according to New York Insurance Law. If reserves were established according to NAIC SAP, statutory capital and surplus would be increased by $31.8 million and $20.6 million as of December 31, 2025 and 2024, respectively. Additionally, net income would be increased by $11.2 million, and decreased by $2.4 million and $4.7 million for the years then ended December 31, 2025, 2024, and 2023, respectively.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

Valuation Manual-22: Maximum Valuation Interest Rates for Income Annuities ("VM-22") was effective for NAIC SAP for 2018. New York state law did not reference the Valuation Manual for purposes of defining minimum reserve standards in calendar year 2018, did not require VM-22 for 2019, and adopted an adaptation of VM-22 beginning in 2020. Thus, reserves for payout business are not valued according to VM-22, but rather, are valued per New York regulation. If reserves were established according to NAIC SAP, statutory capital and surplus would be decreased by $2.2 million and $1.5 million as of December 31, 2025 and 2024, respectively. Additionally, net income would be increased by $30 thousand, increased by $50 thousand, and decreased by $1.5 million for the years then ended December 31, 2025, 2024, and 2023, respectively.

**Reconciliation to NAIC SAP**

A reconciliation of the Company's net income and capital and surplus between NAIC SAP and practices prescribed or permitted by the state of New York is shown in the following tables (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2023** |
| Net income (loss), as stated herein | $(11203) | $71750  | $91117  |
| Adjustments - prescribed practices: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continuous CARVM per New York basis | 331971  | 18509  | (26253) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Curtate CARVM per NAIC SAP | 332029  | 18564  | (26202) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease (increase) in aggregate reserves to |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reflect curtate CARVM | (58) | (55) | (51) |
| VM-21 Reserve: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VA reserve per New York basis | (3886) | (17099) | (30576) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VA reserve per NAIC SAP | (15132) | (14692) | (25835) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease (increase) in aggregate reserves to  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; reflect VM-21 | 11246  | (2407) | (4741) |
| VM-22 Reserve: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; IA reserve per New York basis | 8736  | 7170  | 548  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IA reserve per NAIC SAP | 8700  | 7120  | 2004  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease (increase) in aggregate reserves to |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reflect VM-22 | 36  | 50  | (1456) |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax effect of prescribed practice adjustments | (6) | —  | (16) |
| Net income (loss), NAIC SAP | $15  | $69338  | $84853  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2025** | **2024** |
| Statutory capital and surplus, as stated herein | $721897  | $809139  |
| Adjustments - prescribed practices:  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continuous CARVM per New York basis | 660711  | 328741  |
| &nbsp;&nbsp;&nbsp;&nbsp;Curtate CARVM per NAIC SAP | 660570  | 328542  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in aggregate reserves to reflect curtate CARVM | 141  | 199  |
| VM-21 Reserve: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VA reserve per New York basis | 143985  | 147870  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VA reserve per NAIC SAP | 112154  | 127285  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in aggregate reserves to reflect VM-21 | 31831  | 20585  |
| VM-22 Reserve: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IA reserve per New York basis | 83810  | 75073  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IA reserve per NAIC SAP | 84044  | 75344  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in aggregate reserves to reflect VM-22 | (234) | (271) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax effect of prescribed practice differences | (1967) | (1227) |
| Statutory capital and surplus, NAIC SAP | $751668  | $828425  |

---

**New and Pending Accounting Pronouncements** 

In August 2023, the NAIC adopted revisions to SSAP No 26 – Bonds; SSAP No 43 – Loan-Backed and Structured Securities; and other SSAPs (e.g., SSAP No. 21 – Other Admitted Assets, and SSAP No., 86 – Derivatives) to incorporate the principles-based bond definition into statutory accounting guidance and amend the accounting for certain asset-backed securities and investments not classified as bonds. In December 2023, SSAP No. 2 – Cash, Cash Equivalents, Drafts and Short-Term Investments, was also revised to exclude certain securities from being reported as cash equivalents or short-term investments. In March 2024, the NAIC adopted revisions prescribing accounting guidance (measurement method) for all residual interests regardless of legal form. Collectively, these amendments are related to the NAIC Bond Project and became effective January 1, 2025. The Company adopted the amendments prospectively on January 1, 2025 and the adoption did not result in a material impact on the Company's financial position or investment classifications. The required disclosures under the NAIC Bond Project are included in Note 3 – *Fair Value of Financial Instruments* and Note 4 *– Investments*.

The following represents the transition impact for the principles based bond guidance included in the revisions to SSAP No. 26 (in thousands):

---

| | |
|:---|:---|
| | BACV at<br>12/31/2024 |
| Securities reclassified off Schedule D-1 | $2004  |
| Securities reclassified off Schedule D-1 that resulted in a change in measurement basis | Securities reclassified off Schedule D-1 that resulted in a change in measurement basis |
| BACV at 12/31/24 | —  |
| BACV after transition | —  |
| Aggregate surplus impact | —  |

---

In August 2025, the NAIC adopted changes to the statutory reserve framework for non-variable annuities, including immediate annuities, fixed deferred annuities, and fixed indexed annuities. The new principles-based reserve framework is included in VM-22 within the NAIC's Valuation Manual. The new VM-22 framework includes a three-year transition period, with an optional effective date of January 1, 2026, and a mandatory effective date of January 1, 2029, and is applied prospectively to contracts issued after the effective date. Once the new framework is applied to the valuation of reserves for a contract, it is required to be applied to all future valuations for that contract. The Company plans to adopt the new VM-22 framework for all applicable contracts no later than January 1, 2029.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Estimates**

The preparation of the accompanying financial statements and notes requires the use of estimates and assumptions about future events that affect the amounts reported in the financial statements and the accompanying notes. Significant estimates or assumptions, as further discussed in the notes, include: 1) valuation of investments, including fair values of securities deemed to be in an illiquid market and the determination of when an impairment is other-than-temporary; 2) assumptions used in calculating policy reserves and liabilities, including, but not limited to mortality rates, policyholder behavior, expenses, investment returns and policy crediting rates; 3) assumptions as to future earnings levels being sufficient to realize deferred tax benefits and whether or not certain deferred tax assets will reverse within three years; 4) estimates related to establishment of a liability for state guaranty fund assessments; and 5) assumptions and estimates associated with the Company's tax positions which impact the amount of recognized tax benefits recorded by the Company, including an estimate of the dividends received deduction. These estimates and assumptions are based on management's best estimates and judgments. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors as deemed appropriate. As facts and circumstances dictate, these estimates and assumptions may be adjusted. Since future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the financial statements in the periods the estimates are changed.

**Investments**

Bonds, excluding asset-backed securities, are stated at amortized cost except those with an NAIC designation of "6," which are stated at the lower of amortized cost or fair value. Acquisition premiums and discounts are amortized into investment income through call or maturity dates using the effective interest method.

Jackson-NY recognizes an other-than-temporary impairment ("OTTI") for non-asset-backed securities when the Company does not expect full recovery of the amortized cost. These impairment losses are recognized in net realized capital losses for the full difference between fair value and amortized cost.

Asset-backed securities are stated at amortized cost except those with an NAIC carry designation of "6," which are carried at the lower of amortized cost or fair value. The retrospective adjustment method is used to value asset-backed securities that are reported with NAIC designations that are of high credit quality at the time of acquisition and continues to apply this method unless the security is other-than-temporarily impaired. The prospective adjustment method is applied for all other asset-backed securities.

Investments are reduced to estimated fair value (discounted cash flows for asset-backed securities) for declines in value that are determined to be other-than-temporary. In determining whether an other-than-temporary impairment has occurred, the Company considers a security's forecasted cash flows as well as the severity and duration of depressed fair values.

If the Company intends to sell an impaired asset-backed security or does not have the intent and ability to retain the impaired asset-backed security for a period of time sufficient to recover the amortized cost basis, an other-than-temporary impairment has occurred. In these situations, the other-than-temporary impairment loss recognized is the difference between the amortized cost basis and fair value. For asset-backed securities, the credit portion of the recognized loss is recorded to the AVR and the non-credit portion is recorded to the IMR. If the Company does not expect to recover the entire amortized cost basis when compared to the present value of cash flows expected to be collected, it cannot assert that it has the ability to recover the asset-backed security's amortized cost basis even though it has no intent to sell and has the intent and ability to retain the asset-backed security. Therefore, an other-than-temporary impairment has occurred and a realized loss is recognized for the non-interest related decline, which is calculated as the difference between the asset-backed security's amortized cost basis and the present value of cash flows expected to be collected. For situations where an other-than-temporary impairment is recognized, the previous amortized cost basis less the other-than-temporary impairment recognized as a realized loss becomes the new amortized cost basis of the asset-backed security. The new amortized cost basis is not adjusted for subsequent recoveries in fair value. Therefore, the prospective adjustment method is used for periods subsequent to other-than-temporary impairment loss recognition.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

Preferred stocks are stated at amortized cost, except those with a NAIC Securities Valuation Office designation of "4" to "6," which are reported at the lower of cost or fair value.

Common stocks are stated at fair value.

Debt securities that do not qualify as bonds are carried at the lower of cost or market value. Changes in fair value are recorded as unrealized gains or losses.

Cash, cash equivalents, and short-term investments, are carried at amortized cost. Cash equivalents include high quality money market instruments and bonds with maturities that are less than three months from purchase date and short-term investments include bonds with maturities that are less than twelve months from purchase date.

Policy loans are loans the Company issues to contract holders that use the cash surrender value of their life insurance policy or annuity contract as collateral. Policy loans are carried at the unpaid principal balances.

Realized capital gains and losses are recorded at the date of sale and are calculated on a specific cost identification basis.

**Life and Annuity Reserves**

Aggregate reserves for life insurance policies are based on statutory mortality and interest requirements without consideration for withdrawals. The mortality and interest assumptions currently used are based upon either the 1980 Commissioners' Standard Ordinary (CSO) Table with 4.0% to 4.5% interest rates, the 2001 Commissioners' Standard Ordinary (CSO) Table with 3.5% to 4.0% interest rates, or the 2017 Commissioners' Standard Ordinary (CSO) Table with 3.0% to 4.0% interest rates.

Reserves for VA and RILA products and related guarantees are determined using New York Regulation 213, which incorporates VM-21. Reserves are set equal to the stochastic reserve plus the additional standard projection amount, subject to additional floor calculations. The stochastic reserve calculation uses prudent estimate assumptions for items such as expenses, mortality and policyholder behavior, as well as "real world" stochastically generated equity and interest rate scenarios. The additional standard projection amount and standard scenario floor calculations are based on assumptions prescribed by the regulation. The option value floor for contracts issued on or after January 1, 2020 is based on the standard scenario prescribed assumptions, but using stochastically generated arbitrage free interest rates and equity return paths.

All other annuity reserves are established with an interest rate assumption ranging from 1.0% to 7.0% and are carried at the greater of surrender value or the greatest present value of the guaranteed benefits discounted at statutory valuation interest rates.

**Interest Maintenance Reserve**

The Company is required to maintain an IMR, which is a reserve for the net, after tax, accumulated unamortized realized gains and losses on sales of fixed income investments primarily attributable to changes in interest rates. Net realized gains and losses charged or credited to the IMR are amortized into investment income over the approximate remaining life of the investment sold using the grouped method.

Gains or losses resulting from MVA on policies and contracts backed by assets that are valued at BACV are deferred in the IMR and amortized in a manner consistent with the determination of the MVA using the grouped method.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The following table provides the adjusted capital and surplus as of the most recently filed statement, the amount of net negative (disallowed) IMR in aggregate and allocated between the general account, insulated separate account and non-insulated separate accounts, and the percentage of adjusted capital and surplus for which the admitted net negative (disallowed) IMR represents (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (1) | Net negative (disallowed) IMR | Net negative (disallowed) IMR |  |  |  |
|  |  | **Total** | **General Account** | **Insulated Separate Account** | **Non-Insulated Separate Account** |
|  | **2025** | $17422  | $17335  | $—  | $87  |
|  | **2024** | $12037  | $12037  | $—  | $—  |
| (2) | Negative (disallowed) IMR admitted | Negative (disallowed) IMR admitted | Negative (disallowed) IMR admitted |  |  |
|  |  | **Total** | **General Account** | **Insulated Separate Account** | **Non-Insulated Separate Account** |
|  | **2025** | $17422  | $17335  | $—  | $87  |
|  | **2024** | $12037  | $12037  | $—  | $—  |

---

---

| | | | |
|:---|:---|:---|:---|
| (3) | Calculated adjusted capital and surplus | **Total** | **Total** |
|  |  | **2025** | **2024** |
|  | Prior Period General Account Capital & Surplus From Prior Period SAP Financials | $727737  | $742704  |
|  | Net Positive Goodwill (admitted) | —  | —  |
|  | EDP Equipment & Operating System Software (admitted) | —  | —  |
|  | Net DTAs (admitted) | 28103  | —  |
|  | Net Negative (disallowed) IMR (admitted) | 17709  | 11978  |
|  | Adjusted Capital & Surplus | $681925  | $730726  |
| (4) | Percentage of adjusted capital and surplus | **Total** | **Total** |
|  |  | **2025** | **2024** |
|  | Percentage of Total Net Negative (disallowed) IMR admitted in General Account or recognized in Separate Account to adjusted capital surplus | 2.6% | 1.6% |

---

Fixed income investments generating IMR losses comply with the Company's documented investment or liability management policies. Any deviation was either because of a temporary and transitory timing issue or related to a specific event that mechanically made the cause of IMR losses not reflective of reinvestment activities. Asset sales were not compelled by liquidity pressures.

**Asset Valuation Reserve**

The Company is required to maintain an AVR, which is computed in accordance with a formula prescribed by the NAIC and represents a provision for potential credit related investment losses. Changes in the AVR are recorded directly to surplus.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Revenue and Expense Recognition**

Premiums for traditional life insurance are recognized as revenue when due. Annuity considerations are recognized as revenue when collected. Fee income is recognized as revenue when earned. Commission and expense allowances, which represent commission and expense reimbursements related to reinsurance ceded to other companies, are recognized as revenue when due. The CARVM allowance represents the excess of separate account contract values over statutory reserves for VA and variable life contracts and is reported in accrued transfers to separate accounts. Benefits, claims and expenses (including the change in CARVM allowance) are recognized when incurred. Commissions, general expenses, and taxes, licenses and fees, including costs of acquiring new business, are charged to operations as incurred.

**Investment Income**

Income due and accrued on investments where collection is not likely has been excluded from net investment income. For the years ended December 31, 2025, 2024, and 2023, no investment income was excluded.

The following table provides the gross, nonadmitted and admitted amounts for interest income due and accrued (in thousands):

---

| | |
|:---|:---|
| **<u>Interest Income Due and Accrued</u>** | **<u>Amount</u>** |
| Gross | $14606  |
| Nonadmitted | $—  |
| Admitted | $14606  |

---

At both December 31, 2025 and 2024 the Company had no aggregate deferred interest.

At December 31, 2025, 2024 and 2023 the Company had $11 thousand, $11 thousand, and nil, cumulative amount of paid-in-kind interest, respectively.

**Federal Income Taxes**

Federal income taxes are charged to operations based on current taxable income. Current year federal income tax expense is based on financial reporting income or loss adjusted for certain differences, which are the result of dissimilar financial reporting and tax basis accounting methods, and the corporate alternative minimum tax ("CAMT"). A net DTA, for the tax effect of timing differences between financial reporting and the tax basis of assets and liabilities, is allowed to be reported as an admitted asset only to the extent that it is realizable within three years up to 15% of capital and surplus (adjusted to exclude any net DTAs, EDP equipment and operating system software and any net positive goodwill), with the change in net deferred tax asset or liability being recorded directly to surplus. See Note 6 - Federal Income Taxes, for additional information on these accounting policies.

**Non-admitted Assets**

Certain assets designated as "non-admitted assets" (principally net DTAs not realizable within three years and agents' debit balances) have been excluded from the statutory statements of admitted assets, liabilities, capital and surplus by a direct charge to surplus.

**Separate Account Assets and Liabilities**

The assets and liabilities associated with individual variable life and annuity contracts, which aggregated $17.7 billion and $16.9 billion at December 31, 2025 and 2024, respectively, are segregated in insulated separate accounts. The Company receives fees for assuming mortality and certain expense risks and for providing guaranteed benefits under the VA contracts. These fees are recorded as earned.

The assets and liabilities associated with RILA are allocated to a non-insulated separate account and aggregated $1.2 billion and $377.1 million at December 31, 2025 and 2024, respectively.

**Subsequent Events**

The Company has evaluated events through March 27, 2026, which is the date the financial statements were available to be issued.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**<u>Note 3 - Fair Value of Financial Instruments</u>**

Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's view of market assumptions in the absence of observable market information. Jackson-NY utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. All financial assets and liabilities are required to be classified into one of the following categories:

Level 1&nbsp;&nbsp;&nbsp;&nbsp;Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. Level 1 securities include government securities and exchange traded equity securities and derivative instruments.

Level 2 Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Most debt securities that are model priced using observable inputs are included in Level 2.

Level 3 Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Level 3 includes less liquid securities such as certain highly structured or lower quality asset-backed securities. Because Level 3 fair values, by their nature, contain unobservable market inputs, considerable judgment may be used to determine the Level 3 fair values. Level 3 fair values represent the Company's best estimate of an amount that could be realized in a current market exchange absent actual market exchanges.

In many situations, inputs used to measure the fair value of an asset or liability may fall into different levels of the fair value hierarchy. In these situations, the Company determines the level in which the fair value falls based upon the lowest level input that is significant to the determination of the fair value. As a result, both observable and unobservable inputs may be used in the determination of fair values that the Company has classified within Level 3.

The Company determines the fair values of certain financial assets and liabilities based on quoted market prices, where available. The Company may also determine fair value based on estimated future cash flows discounted at the appropriate current market rate. When appropriate, fair values reflect adjustments for counterparty credit quality, the Company's credit standing, liquidity and risk margins on unobservable inputs.

Where quoted market prices are not available, fair value estimates are made at a point in time, based on relevant market data, as well as the best information about the individual financial instrument. At times, illiquid market conditions may result in inactive markets for certain of the Company's financial instruments. In such instances, there may be no or limited observable market data for these assets and liabilities. Fair value estimates for financial instruments deemed to be in an illiquid market are based on judgments regarding current economic conditions, liquidity discounts, currency, credit and interest rate risks, loss experience and other factors. These fair values are estimates and involve considerable uncertainty and variability as a result of the inputs selected and may differ significantly from the values that would have been used had an active market existed. As a result of market inactivity, such calculated fair value estimates may not be realizable in an immediate sale or settlement of the instrument. In addition, changes in the underlying assumptions used in the fair value measurement technique could significantly affect these fair value estimates.

The following is a discussion of the methodologies used to determine the fair values of the financial instruments.

**Bonds and Equity Securities**

The fair values for bonds and equity securities are determined using information available from independent pricing services, broker-dealer quotes, or internally derived estimates. Priority is given to publicly available prices from independent sources, when available. Securities for which the independent pricing services do not provide a quotation are either submitted to independent broker-dealers for prices or priced internally. Typical inputs used by these three pricing methods include, but are not limited to, reported trades, benchmark yields, credit spreads, liquidity premiums, and/or estimated cash flows based on default and prepayment assumptions.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

As a result of typical trading volumes and the lack of specific quoted market prices for most debt securities, independent pricing services will normally derive the security prices through recently reported trades for identical or similar securities, making adjustments as of the reporting date based upon available market observable information as outlined above. If there are no recently reported trades, the independent pricing services and broker-dealers may use matrix or pricing model processes to develop a security price where future cash flow expectations are developed based upon collateral performance and discounted at relevant market rates. Certain securities are priced using broker-dealer quotes, which may utilize proprietary inputs and models. Additionally, the majority of these quotes are non-binding and are classified as Level 3.

Included in the pricing of asset-backed securities are estimates of the rate of future prepayments of principal over the remaining life of the securities. Such estimates are derived based on the characteristics of the underlying structure and prepayment assumptions believed to be relevant for the underlying collateral. Actual prepayment experience may vary from these estimates.

Internally derived estimates may be used to develop a fair value for securities for which the Company is unable to obtain either a reliable price from an independent pricing service or a suitable broker-dealer quote. These fair value estimates may incorporate Level 2 and Level 3 inputs and are generally derived using expected future cash flows, discounted at market interest rates available from market sources based on the credit quality and duration of the instrument. For securities that may not be reliably priced using these internally developed pricing models, a fair value may be estimated using indicative market prices. These prices are indicative of an exit price, but the assumptions used to establish the fair value may not be observable or corroborated by market observable information and, therefore, represent Level 3 inputs.

The Company performs a monthly analysis on the prices and credit spreads received from third parties to ensure that the prices represent a reasonable estimate of the fair value. This process involves quantitative and qualitative analysis and is overseen by investment and accounting professionals. Examples of procedures performed include, but are not limited to, initial and ongoing review of third party pricing service methodologies, review of pricing statistics and trends, back testing recent trades and monitoring of trading volumes. In addition, the Company considers whether prices received from independent broker-dealers represent a reasonable estimate of fair value through the use of internal and external cash flow models, which are developed based on spreads and, when available, market indices. As a result of this analysis, if the Company determines there is a more appropriate fair value based upon the available market data, the price received from the third party may be adjusted accordingly.

For those securities that were internally valued at December 31, 2025 and 2024, the pricing model used by the Company utilizes current spread levels of similarly rated securities to determine the market discount rate for the security. Furthermore, appropriate risk premiums for illiquidity and non-performance are incorporated in the discount rate. Cash flows, as estimated by the Company using issuer-specific default statistics and prepayment assumptions, are discounted to determine an estimated fair value.

On an ongoing basis, the Company reviews the independent pricing services' valuation methodologies and related inputs, and evaluates the various types of securities in its investment portfolio to determine an appropriate fair value hierarchy distribution based upon trading activity and the observability of market inputs. Based on the results of this evaluation, each price is classified into Level 1, 2, or 3. Most prices provided by independent pricing services are classified into Level 2 due to their use of market observable inputs.

At December 31, 2025 and 2024, bonds valued internally, including matrix-priced securities, had BACV of $293.4 million and $198.8 million, respectively, and an estimated fair value of $290.6 million and $188.8 million, respectively.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Policy Loans**

Policy loans are funds provided to policyholders in return for a claim on the policies values and function like demand deposits which are redeemable upon repayment, death or surrender, and there is only one market price at which the transaction could be settled – the then current carrying value. The funds provided are limited to the cash surrender value of the underlying policy. The nature of policy loans is to have a negligible default risk as the loans are fully collateralized by the value of the policy. Policy loans do not have a stated maturity and the balances and accrued interest are repaid either by the policyholder or with proceeds from the policy. Due to the collateralized nature of policy loans and unpredictable timing of payments, the Company believes the carrying value of policy loans approximates fair value.

**Other Invested Assets**

Other invested assets consist of debt securities that do not qualify as bonds. Debt securities that do not qualify as bonds follow the fair value methodology for bonds described above.

**Separate Account Assets**

For the insulated separate account, assets are comprised of investments in mutual funds that transact regularly, but do not trade in active markets as they are not publicly available, and, are categorized as Level 2 assets. For the non-insulated separate account, assets include bonds (refer to fair value discussion above) and cash equivalents.

**Separate Account Liabilities**

For the insulated separate account, separate account liabilities are carried at the fair value of the separate account assets, which are comprised of investments in mutual funds that transact regularly, but do not trade in active markets as they are not publicly available, and, are categorized as Level 2. For the non-insulated separate account, fair values for RILA are determined using projected future cash flows discounted at current market interest rates and are allocated between the separate and general accounts in accordance with admitted reserves.

**Annuity Reserves**

Fair values for immediate annuities, without mortality features, are derived by discounting the future estimated cash flows using current market interest rates for similar maturities. Fair values for deferred annuities are determined using projected future cash flows discounted at current market interest rates. Fair values for RILA are allocated between the separate and general accounts in accordance with admitted reserves.

**Payable for Securities Lending** 

The Company's payable for securities lending is set equal to the cash collateral received. Due to the short-term nature of the loans, carrying value is a reasonable estimate of fair value and is classified as Level 2.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Fair Value Measurements at Reporting Date**

The following tables provide information about the Company's financial assets and liabilities that are carried at fair value by hierarchy levels (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| |<br>**Level 1** |<br>**Level 2** |<br>**Level 3** | **Net Asset**<br>**Value (NAV)** |<br>**Total** |
| Assets at fair value: |  |  |  |  |  |
| Asset-backed securities  | $—  | $—  | $3906  | $—  | $3906  |
| Separate account assets | —  | 17689593  | —  | —  | 17689593  |
| Total assets at fair value | $—  | $17689593  | $3906  | $—  | $17693499  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| |<br>**Level 1** |<br>**Level 2** |<br>**Level 3** | **Net Asset**<br>**Value (NAV)** |<br>**Total** |
| Assets at fair value: |  |  |  |  |  |
| Common stock | $—  | $825  | $—  | $—  | $825  |
| Separate account assets | —  | 16927329  | —  | —  | 16927329  |
| Total assets at fair value | $—  | $16928154  | $—  | $—  | $16928154  |

---

There were no Level 3 assets measured at fair value at December 31, 2024.

**Changes in Level 3 Assets Measured at Fair Value**

The following tables summarize the changes in assets measured at fair value classified in Level 3 (in thousands). Gains and losses reported in these tables may include changes in fair value that are attributable to both observable and unobservable inputs.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| |<br>**Balance**<br>**as of**<br>**January 1,**<br>**2025** |<br>**Transfers**<br>**in** <br>**Level 3** |<br>**Transfers**<br>**out**<br>**Level 3** | **Total gains**<br>**and (losses)**<br>**included in**<br>**net**<br>**income** |<br>**Total gains**<br>**and (losses)**<br>**included in**<br>**surplus** | **Purchases,** <br>**issuances,**<br>**sales**<br>**and**<br>**settlements** |<br>**Balance**<br>**as of**<br>**December 31,**<br>**2025** |
| **Assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset-backed securities | $—  | $6000  | $—  | $—  | $(2094) | $—  | $3906  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $—  | $6000  | $—  | $—  | $(2094) | $—  | $3906  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Aggregate Fair Value of the Company's Financial Instruments**

The following tables detail the aggregate fair value of the Company's financial instruments (in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **December 31, 2025** | **Fair Value** | **Admitted Value** | **Level 1** | **Level 2** | **Level 3** | **NAV** |
| Assets at fair value: |  |  |  |  |  |  |
| Issuer credit obligations | $1093321  | $1114285  | $7899  | $1085422  | $—  | $—  |
| Asset-backed securities | 384784  | 388875  | —  | 375329  | 9455  | —  |
| Cash and cash equivalents | 211410  | 211410  | 211410  | —  | —  | —  |
| Policy loans | 531  | 531  | —  | —  | 531  | —  |
| Other invested assets | 2105  | 2002  | —  | 2105  | —  | —  |
| Securities lending | 852  | 852  | 852  | —  | —  | —  |
| Separate account assets | 18923393  | 18910026  | —  | 18923393  | —  | —  |
| Total assets at fair value | $20616396  | $20627981  | $220161  | $20386249  | $9986  | $—  |
| Liabilities at fair value: |  |  |  |  |  |  |
| Liability for deposit-type contracts | $7114  | $9029  | $—  | $—  | $7114  | $—  |
| Payable for securities lending | 852  | 852  | —  | 852  | —  | —  |
| Separate account liabilities | 18664959  | 18910026  | —  | 18664959  | —  | —  |
| Total liabilities at fair value | $18672925  | $18919907  | $—  | $18665811  | $7114  | $—  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **Fair Value** | **Admitted Value** | **Level 1** | **Level 2** | **Level 3** | **NAV** |
| Assets at fair value: |  |  |  |  |  |  |
| Bonds | $1251616  | $1326232  | $7658  | $1240890  | $3068  | $—  |
| Common stock | 825  | 825  | —  | 825  | —  | —  |
| Cash and cash equivalents | 106332  | 106332  | 106332  | —  | —  | —  |
| Policy loans | 416  | 416  | —  | —  | 416  | —  |
| Securities lending | 794  | 794  | 794  | —  | —  | —  |
| Separate account assets | 17298177  | 17304385  | —  | 17298177  | —  | —  |
| Total assets at fair value | $18658160  | $18738984  | $114784  | $18539892  | $3484  | $—  |
| Liabilities at fair value: |  |  |  |  |  |  |
| Liability for deposit-type contracts | $6517  | $8336  | $—  | $—  | $6517  | $—  |
| Payable for securities lending  | 794  | 794  | —  | 794  | —  | —  |
| Separate account liabilities | 17244791  | 17304385  | —  | 17244791  | —  | —  |
| Total liabilities at fair value | $17252102  | $17313515  | $—  | $17245585  | $6517  | $—  |

---

There were no financial instruments for which it was not practicable to estimate fair value.

**<u>Note 4 - Investments</u>**

Investments are comprised primarily of debt securities, including publicly traded industrial, asset-backed, utility and government bonds. Asset-backed securities include mortgage-backed and other structured securities. The Company generates the majority of its general account deposits from interest-sensitive individual annuity contracts and life insurance products on which it has committed to pay a declared rate of interest. The Company's strategy of investing in fixed-income securities aims to ensure matching of the asset yield with the amounts credited to the interest-sensitive liabilities and to earn a stable return on its investments.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

With the Company's primarily fixed-rate securities portfolio, it is exposed to interest rate risk, which is the risk that interest rates will change and cause a change in the value of its investments. Additionally, changes in interest rates may cause certain interest-sensitive products to become uncompetitive or may cause disintermediation. The Company mitigates this risk by charging fees for surrenders in early policy years, by offering products that transfer this risk to the purchaser and/or by attempting to match the maturity schedule of its assets with the expected payouts of its liabilities. To the extent that liabilities come due more quickly than assets mature, the Company could potentially have to borrow funds or sell assets prior to maturity and potentially recognize a gain or loss.

**Debt Securities, Common and Preferred Stock**

Debt securities consist of bonds and short-term investments. Cost or amortized cost, gross unrealized gains and losses, estimated fair value and BACV of the Company's debt securities and unaffiliated equity investments are as follows (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2025** | **Cost or**<br>**Amortized**<br>**Cost** | **Gross**<br>**Unrealized**<br>**Gains** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Book/Adjusted**<br>**Carrying**<br>**Value** |
| U.S. government obligations | $7991  | $—  | $92  | $7899  | $7991  |
| Non - U.S. sovereign jurisdiction | 1999  | 56  | —  | 2055  | 1999  |
| Project finance bonds issued by operating entities | 11935  | 117  | 6  | 12046  | 11935  |
| Corporate bonds | 995059  | 9897  | 30484  | 974472  | 995059  |
| Single entity backed obligations | 20122  | 254  | 383  | 19993  | 20122  |
| Bonds issued by funds representing operating entities | 77179  | 1038  | 1361  | 76856  | 77179  |
| &nbsp;&nbsp;&nbsp;Total issuer credit obligations | 1114285  | 11362  | 32326  | 1093321  | 1114285  |
| Agency RMBS - guaranteed | 35  | 1  | —  | 36  | 35  |
| Agency RMBS - not guaranteed | 420  | 3  | —  | 423  | 420  |
| Non-agency RMBS | 3340  | 821  | 7  | 4154  | 3340  |
| Non-agency CMBS | 129048  | 407  | 2173  | 127282  | 129048  |
| Non-agency CLOSs/CBOs/CDOs | 31791  | 100  | —  | 31891  | 31791  |
| Non-agency CLOSs/CBOs/CDOs - (affiliate) | 1000  | 3  | —  | 1003  | 1000  |
| Other financial asset-backed securities | 98281  | 537  | 4008  | 94810  | 98281  |
| Other non-financial asset-backed securities - practical expedient | 42219  | 142  | 1939  | 40422  | 41109  |
| Other non-financial asset-backed securities - full analysis | 44914  | 584  | 12  | 45486  | 44914  |
| Lease-backed securities - practical expedient | 7075  | 75  | 107  | 7043  | 7075  |
| Lease-backed securities - full analysis | 31862  | 432  | 60  | 32234  | 31862  |
| &nbsp;&nbsp;&nbsp;Total asset-backed securities | 389985  | 3105  | 8306  | 384784  | 388875  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total debt securities | 1504270  | 14467  | 40632  | 1478105  | 1503160  |
| &nbsp;&nbsp;&nbsp;Total securities | $1504270  | $14467  | $40632  | $1478105  | $1503160  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **Cost or**<br>**Amortized**<br>**Cost** | **Gross**<br>**Unrealized**<br>**Gains** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Book/Adjusted**<br>**Carrying**<br>**Value** |
| Governments | $7977  | $—  | $319  | $7658  | $7977  |
| Special revenue | 1266  | —  | 14  | 1252  | 1266  |
| Industrial and miscellaneous | 1045297  | 2309  | 66929  | 980677  | 1045297  |
| Residential mortgage-backed | 4168  | 751  | 25  | 4894  | 4168  |
| Commercial mortgage-backed | 120114  | 216  | 4978  | 115352  | 120114  |
| Other asset-backed | 147410  | 762  | 6389  | 141783  | 147410  |
| &nbsp;&nbsp;&nbsp;Total debt securities | 1326232  | 4038  | 78654  | 1251616  | 1326232  |
| Common and preferred stock | 715  | 110  | —  | 825  | 825  |
| &nbsp;&nbsp;&nbsp;Total securities | $1326947  | $4148  | $78654  | $1252441  | $1327057  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The amount of gross unrealized losses and the associated estimated fair value on debt securities and equity investments are as follows (in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Less than 12 months** | **Less than 12 months** | **12 months or longer** | **12 months or longer** | **Total** | **Total** |
|<br><br>**December 31, 2025** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** |
| US government obligations | $—  | $—  | $92  | $7899  | $92  | $7899  |
| Project finance bonds issued by operating entities | 6  | 2930  | —  | —  | 6  | 2930  |
| Corporate bonds | 186  | 27393  | 30298  | 520237  | 30484  | 547630  |
| Single entity backed obligations | —  | —  | 383  | 10412  | 383  | 10412  |
| Bonds issued by funds representing operating entities | 1  | 2919  | 1360  | 28715  | 1361  | 31634  |
| Non-agency RMBS | —  | —  | 7  | 106  | 7  | 106  |
| Non-agency CMBS | 3  | 8623  | 2170  | 58072  | 2173  | 66695  |
| Other financial asset-backed securities | 167  | 3865  | 3841  | 32507  | 4008  | 36372  |
| Other non-financial asset-backed securities - practical expedient | 1151  | 11865  | 788  | 11188  | 1939  | 23053  |
| Other non-financial asset-backed securities - full analysis | —  | —  | 12  | 988  | 12  | 988  |
| Lease-backed securities - practical expedient | —  | —  | 107  | 2703  | 107  | 2703  |
| Lease-backed securities - full analysis | 60  | 3940  | —  | —  | 60  | 3940  |
| &nbsp;&nbsp;&nbsp;Total debt securities | 1574  | 61535  | 39058  | 672827  | 40632  | 734362  |
| Total temporarily impaired |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;securities | $1574  | $61535  | $39058  | $672827  | $40632  | $734362  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Less than 12 months** | **Less than 12 months** | **12 months or longer** | **12 months or longer** | **Total** | **Total** |
|<br><br>**December 31, 2024** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** |
| Governments | $—  | $—  | $319  | $7658  | $319  | $7658  |
| Special revenues | 14  | 1252  | —  | —  | 14  | 1252  |
| Industrial and miscellaneous | 2223  | 133939  | 64706  | 715206  | 66929  | 849145  |
| Residential mortgage-backed | 14  | 385  | 11  | 338  | 25  | 723  |
| Commercial mortgage-backed | 182  | 16061  | 4796  | 79495  | 4978  | 95556  |
| Other asset-backed | 368  | 24406  | 6021  | 41107  | 6389  | 65513  |
| &nbsp;&nbsp;&nbsp;Total debt securities | 2801  | 176043  | 75853  | 843804  | 78654  | 1019847  |
| Total temporarily impaired |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;securities | $2801  | $176043  | $75853  | $843804  | $78654  | $1019847  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

Debt securities include investments in mortgage-backed securities which are collateralized by residential mortgage loans ("RMBS") and are neither explicitly nor implicitly guaranteed by U.S. government agencies. The Company's non-agency RMBS include investments in securities backed by prime, Alt-A, and subprime loans as follows (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **December 31, 2025** |<br>**Amortized**<br>**Cost** | **Gross**<br>**Unrealized**<br>**Gains** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Book/Adjusted**<br>**Carrying**<br>**Value** |
| &nbsp;&nbsp;&nbsp;Prime | $1744  | $361  | $7  | $2098  | $1744  |
| &nbsp;&nbsp;&nbsp;Alt-A | —  | 341  | —  | 341  | —  |
| &nbsp;&nbsp;&nbsp;Subprime | 1596  | 119  | —  | 1715  | 1596  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-agency RMBS | $3340  | $821  | $7  | $4154  | $3340  |
|  |  | **Gross** | **Gross** | **Estimated** | **Book/Adjusted** |
|  | **Amortized** | **Unrealized** | **Unrealized** | **Fair** | **Carrying** |
| **December 31, 2024** | **Cost** | **Gains** | **Losses** | **Value** | **Value** |
| &nbsp;&nbsp;&nbsp;Prime | $1897  | $347  | $10  | $2234  | $1897  |
| &nbsp;&nbsp;&nbsp;Alt-A | —  | 383  | —  | 383  | —  |
| &nbsp;&nbsp;&nbsp;Subprime | 1576  | 20  | —  | 1596  | 1576  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-agency RMBS | $3473  | $750  | $10  | $4213  | $3473  |

---

The Company defines its exposure to non-agency RMBS as follows. Prime asset-backed securities are collateralized by mortgage loans made to the highest rated borrowers. Alt-A asset-backed securities are collateralized by mortgage loans made to borrowers who lack credit documentation or necessary requirements to obtain prime borrower rates. Subprime asset-backed securities are collateralized by mortgage loans made to borrowers that have a FICO score of 660 or lower. None of the Company's investments in Alt-A related mortgage-backed securities and 100% of the Company's investments in subprime related mortgage-backed securities are rated investment grade by the NAIC.

Debt securities also include investments in securities which are collateralized by commercial mortgage loans ("CMBS"). 100% of these investments are rated investment grade by the NAIC.

Of the total carrying value for bonds in an unrealized loss position at December 31, 2025, 98% were investment grade and 2% were below investment grade based on NAIC designation. Unrealized losses on bonds that were below investment grade comprised approximately 3% of the aggregate gross unrealized losses on debt securities.

Issuer credit obligations, excluding government securities, in an unrealized loss position were diversified across industries. As of December 31, 2025, the industries comprising the larger proportion of unrealized losses included financial services (21% of issuer credit obligations gross unrealized losses) and utilities (10%). The largest unrealized loss related to a single corporate obligor was $0.7 million at December 31, 2025.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The amortized cost, gross unrealized gains and losses, estimated fair value and BACV of debt securities at December 31, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities where securities can be called or prepaid with or without early redemption penalties (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Book/** |
| | | **Gross** | **Gross** | **Estimated** | **Adjusted** |
| | **Amortized** | **Unrealized** | **Unrealized** | **Fair** | **Carrying** |
| Maturity distribution | **Cost** | **Gains** | **Losses** | **Value** | **Value** |
| Due in 1 year or less | $126181  | $7  | $829  | $125359  | $126181  |
| Due after 1 year through 5 years | 572232  | 5066  | 11236  | 566062  | 572232  |
| Due after 5 years through 10 years | 398490  | 5920  | 18795  | 385615  | 398490  |
| Due after 10 years through 20 years | 14385  | 304  | 1078  | 13611  | 14385  |
| Due after 20 years | 2997  | 65  | 388  | 2674  | 2997  |
| Asset-backed securities | 389985  | 3105  | 8306  | 384784  | 388875  |
| Total debt securities | $1504270  | $14467  | $40632  | $1478105  | $1503160  |

---

Effective yields, which are used to calculate amortization, are adjusted periodically to reflect actual payments to date and anticipated future payments. Other than as discussed below for certain asset-backed securities, resultant adjustments to carrying values are included in investment income using the retrospective method. Prepayment assumptions for asset-backed securities were obtained from independent providers of broker-dealer estimates.

With regard to certain asset-backed securities that are deemed to be high-risk, meaning the Company might not recover substantially all of its recorded investment, changes in investment yields due to changes in estimated future cash flows are accounted for on a prospective basis. The BACV of securities changing from the retrospective to the prospective methodology in 2025 and 2024 was $5.0 million and nil, respectively.

Debt securities are classified into six NAIC quality categories. These categories range from Class 1 (the highest) to Class 6 (the lowest). Performing securities are designated Classes 1 – 5. Securities in or near default are designated Class 6. Securities designated as Class 3, 4, 5, and 6 are non-investment grade securities. If a designation is not currently available from the NAIC, the Company's investment advisor provides the designation. At December 31, 2025, the Company's investment advisor provided the designation for debt securities with carrying value and estimated fair value of $21.0 million and $21.2 million, respectively. At December 31, 2024, the Company's investment advisor provided the designation for debt securities with both carrying value and estimated fair value of $3.3 million.

The NAIC approved guidance to adjust the designations (NAIC 1 through NAIC 6) for CMBS, RMBS and certain asset-backed securities. For CMBS and RMBS, the guidance replaces nationally recognized statistical rating organizations ("NRSRO") ratings with a two-step process based upon the book and/or carrying values of each security and prices derived from models developed by an independent third party contracted by the NAIC. For certain asset-backed securities, the guidance replaces NRSRO ratings with a two-step process based upon the book and/or carrying values of each security and prices derived from generic models. This method acknowledges that securities which have a lower comparative carrying value would have a lower risk of further loss and, therefore, a higher rating.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The Company's debt securities by NAIC designation are as follows at December 31, 2025 (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|<br>**Quality category per**<br>**&nbsp;&nbsp;&nbsp;&nbsp; NAIC designation** |<br>**Amortized**<br>**Cost** | **Gross**<br>**Unrealized**<br>**Gains** | **Gross**<br>**Unrealized**<br>**Losses** | **Estimated**<br>**Fair**<br>**Value** | **Book/Adjusted**<br>**Carrying**<br>**Value** |
| Class 1 | $774087  | $7139  | $19367  | $761859  | $774087  |
| Class 2 | 695778  | 6652  | 19866  | 682564  | 695778  |
| Class 3 | 25871  | 565  | 162  | 26274  | 25871  |
| Class 4 | 3016  | 111  | —  | 3127  | 3016  |
| Class 5 | 502  | —  | 127  | 375  | 502  |
| Class 6 | 5016  | —  | 1110  | 3906  | 3906  |
| Total debt securities | $1504270  | $14467  | $40632  | $1478105  | $1503160  |

---

There were no debt securities in default that were anticipated to be income producing when purchased at December 31, 2025 and 2024. There were no debt securities that were non-income producing for the 12 months preceding December 31, 2025 and 2024.

Debt securities with a BACV of $0.5 million at both December 31, 2025 and 2024, were on deposit with the state of New York.

**Other-Than-Temporary Impairment**

The Company periodically reviews its debt securities and equities on a case-by-case basis to determine if any decline in fair value to below cost or amortized cost is other-than-temporary. Factors considered in determining whether a decline is other-than-temporary include the length of time a security has been in an unrealized loss position, the severity of the unrealized loss and the reasons for the decline in value and expectations for the amount and timing of a recovery in fair value, and the Company's intent and ability not to sell a security prior to a recovery in fair value. If it is determined that a decline in fair value of an investment is temporary, an impairment loss is not recorded. If the decline is considered to be other-than-temporary, a realized loss is recorded in the statement of operations. The AVR is also charged for the realized loss, with an offsetting credit to unassigned surplus.

Securities the Company determines are underperforming or potential problem securities are subject to regular review. To facilitate the review, securities with significant declines in value, or where other objective criteria evidencing credit deterioration have been met, are included on a watch list. Among the criteria for securities to be included on a watch list are: credit deterioration that has led to a significant decline in fair value of the security; a significant covenant related to the security has been breached; or an issuer has filed or indicated a possibility of filing for bankruptcy, has missed or announced it intends to miss a scheduled interest or principal payment, or has experienced a specific material adverse change that may impair its creditworthiness.

In performing these reviews, the Company considers the relevant facts and circumstances relating to each investment and exercises considerable judgment in determining whether a security is other-than-temporarily impaired. Assessment factors include judgments about an obligor's current and projected financial position, an issuer's current and projected ability to service and repay its debt obligations, the existence of, and realizable value of, any collateral backing the obligations and the macro-economic and micro-economic outlooks for specific industries and issuers. This assessment may also involve assumptions regarding underlying collateral such as prepayment rates, default and recovery rates and third-party servicing capabilities.

Among the specific factors considered are whether the decline in fair value results from a change in the credit quality of the security itself, or from a downward movement in the market as a whole, and the likelihood of recovering the carrying value based on the near-term prospects of the issuer. Unrealized losses that are considered to be primarily the result of market conditions (e.g., changes in interest rates, temporary market illiquidity or volatility, or industry-related events) and where the Company also believes there exists a reasonable expectation for recovery in the near term are usually determined to be temporary. To the extent that factors contributing to impairment losses recognized affect other investments, such investments are also reviewed for other-than-temporary impairment and losses are recorded when appropriate.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

In addition to the review procedures described above, investments in asset-backed securities where market prices are depressed are subject to a review of their future estimated cash flows, including expected and stress case scenarios, to identify potential shortfalls in contractual payments. These estimated cash flows are developed using available performance indicators from the underlying assets including current and projected default or delinquency rates, levels of credit enhancement, current subordination levels, vintage, expected loss severity and other relevant characteristics. These estimates reflect a combination of data derived by third parties and internally developed assumptions. Where possible, this data is benchmarked against third-party sources.

Even in the case of severely depressed market values on asset-backed securities, the Company places significant reliance on the results of its cash flow testing and its lack of an intent to sell these securities until their fair values recover when reaching other-than-temporary impairment conclusions with regard to these securities. Other-than-temporary impairment charges are recorded on asset-backed securities when the Company forecasts a contractual payment shortfall.

For mortgage-backed securities, credit impairment is assessed using a cash flow model that estimates the cash flows on the underlying mortgages, using the security-specific collateral characteristics and transaction structure. The model estimates cash flows from the underlying mortgage loans and distributes those cash flows to various tranches of securities, considering the transaction structure and any subordination and credit enhancements existing in that structure. The cash flow model incorporates actual cash flows on the mortgage-backed securities through the current period and then projects the remaining cash flows using a number of assumptions, including prepayment speeds, default rates and loss severity.

Specifically for Prime and Alt-A RMBS, the assumed default percentage is dependent on the severity of delinquency status, with foreclosures and real estate owned receiving higher rates, but also includes the currently performing loans. As of both December 31, 2025 and 2024, assumed default rates for delinquent loans ranged from 10% to 100%. At both December 31, 2025 and 2024, assumed loss severities were applied to generate and analyze cash flows of each bond and ranged from 10% to 45%.

Management develops specific assumptions using available market data, including internal estimates and references to data published by rating agencies and other third-party sources. These estimates are extrapolated along a default timing curve to estimate the total lifetime pool default rate.

The Company currently intends to hold securities with unrealized losses not considered other-than-temporary until they mature or for sufficient time to recover the amortized cost. However, if there are changes in the specific facts and circumstances surrounding a security, or the outlook for its industry sector, the Company may sell the security and realize a loss.

In 2025, 2024, 2023 the company recognized other-than-temporary impairments on asset-backed securities where the company has either the intent to sell the securities or may be forced to sell the securities prior to a recovery in value as of the statement date of nil, $143 thousand, and nil, respectively.

The following table summarizes other-than-temporary impairment charges recorded for the years ended December 31, 2025, 2024, and 2023 (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **2025** | **2024** | **2023** |
| Industrial and miscellaneous | $—  | $20  | $10  |
| Asset-backed securities | 790  | 143  | —  |
| Common stock | —  | —  | 427  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total other-than-temporary impairment charges | $790  | $163  | $437  |

---

See Note 13 for detail regarding securities with recognized other-than-temporary impairment charges during 2025.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Realized Gains and Losses on Investments**

Net realized gains and losses on investments are as follows (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2023** |
| Sales of bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross gains | $88  | $193  | $172  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross losses | (6905) | (1910) | (4706) |
| Sales of stocks: |  |  |  |
| &nbsp;&nbsp;&nbsp;Gross gains | 80  | —  | —  |
| Other assets | 3  | —  | —  |
| Other-than-temporary impairment losses | (790) | (163) | (437) |
| Net realized losses | $(7524) | $(1880) | $(4971) |
| Net losses allocated to AVR | $(6817) | $—  | $(428) |
| Net losses allocated to IMR | (707) | (1880) | (4543) |
| Net realized losses | $(7524) | $(1880) | $(4971) |
| Net losses allocated to AVR | $(707) | $—  | $(428) |
| Tax benefit | 238  | —  | —  |
| Reported net realized losses | $(469) | $—  | $(428) |

---

**Asset-backed Securities**

The Company has no significant concentrations as defined in SSAP No. 27, *Off-Balance Sheet and Credit Risk Disclosures*, arising from its investment in asset-backed securities.

**Securities Lending**

The Company has entered into a securities lending agreement with an agent bank whereby blocks of securities are loaned to third parties, primarily major brokerage firms. As of both December 31, 2025 and 2024, the estimated fair value of loaned securities was $0.8 million. The agreement requires a minimum of 102 percent of the fair value of the loaned securities to be held as collateral, calculated on a daily basis. To further minimize the credit risks related to this program, the financial condition of the counterparties is monitored on a regular basis. At December 31, 2025 and 2024, unrestricted cash collateral received in the amount of $0.9 million and $0.8 million, respectively, was included in securities lending reinvested collateral assets of the Company. At December 31, 2025 and 2024, an offsetting liability for the overnight and continuous loan of $0.9 million and $0.8 million, respectively, is included in payable for securities lending on the accompanying Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Restricted Assets**

At December 31, 2025, the Company has the following assets pledged to others as collateral or otherwise restricted (in thousands):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Gross Restricted** | **Gross Restricted** | **Gross Restricted** | **Gross Restricted** | | **Percentage** | **Percentage** |
|<br>**Restricted Asset Category** | **Total General Account** | **Total Separate Account** | **Total Prior Year** | **Increase/ (Decrease)** |<br>**Total Current Year Admitted Restricted** | **Gross Restricted to Total Assets** | **Admitted Restricted to Total Admitted Assets** |
| On deposit with state | $500  | $—  | $499  | $1  | $500  | 0.00% | 0.00% |
| Securities loaned for securities lending agreements | 852  | —  | 824  | 28  | 852  | 0.01% | 0.01% |
| Assets held under modco reinsurance agreements | —  | 17006451  | 15570402  | 1436049  | 17006451  | 80.26% | 80.34% |
| &nbsp;&nbsp;&nbsp;Total restricted assets | $1352  | $17006451  | $15571725  | $1436078  | $17007803  | 80.27% | 80.35% |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The Company's collateral received and held assets under modco/funds withheld ("FWH") reinsurance agreements reflected as assets within the Company's financial statements as of December 31, 2025 (in thousands):

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collateral Assets** | **BACV Collateral** | **BACV Modco** | **BACV FWH** | **Fair Value Collateral** | **Fair Value Modco** | **Fair Value FWH** | **% of BACV to Total Assets and Nonadmitted** | **% of BACV to Total Admitted Assets** | | | | |
| **Collateral Assets** | **BACV Collateral** | **BACV Modco** | **BACV FWH** | **Fair Value Collateral** | **Fair Value Modco** | **Fair Value FWH** | **% of BACV to Total Assets and Nonadmitted** | **% of BACV to Total Admitted Assets** | General Account: |  |  |  |
| **Collateral Assets** | **BACV Collateral** | **BACV Modco** | **BACV FWH** | **Fair Value Collateral** | **Fair Value Modco** | **Fair Value FWH** | **% of BACV to Total Assets and Nonadmitted** | **% of BACV to Total Admitted Assets** | Securities lending | $852  | $| $0.05% |
| &nbsp;&nbsp;&nbsp;Total Assets | $852  | $—  | $—  | $852  | $—  | $—  | 0.05% | 0.05% |  |  |  |  |
| Separate Account: |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash, Cash Equivalents and Short-Term Investments | $—  | $186720  | $—  | $—  | $186720  | $—  | 0.99% | 0.99% |  |  |  |  |
| Issuer credit obligations | —  | 694927  | —  | —  | 705844  | —  | 3.67% | 3.67% |  |  |  |  |
| Asset-backed securities | —  | 204171  | —  | —  | 205284  | —  | 1.08% | 1.08% |  |  |  |  |
| Common stocks | —  | 15920633  | —  | —  | 15920633  | —  | 84.19% | 84.19% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total Assets | $—  | $17006451  | $—  | $—  | $17018481  | $—  | 89.93% | 89.93% |  |  |  |  |

---

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **BACV FWH Including Modco** | **BACV FWH Including Modco** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** |  |
| | | **BACV FWH Including Modco** | **BACV FWH Including Modco** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** |  |
| **Assets** | **Assets** | **BACV FWH Including Modco** | **BACV FWH Including Modco** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** | **Related Party Code\*** |  |
| **Assets** | **Assets** | **BACV FWH Including Modco** | **BACV FWH Including Modco** | **1** | **1** | **2** | **2** | **3** | **3** | **4** | **4** | **5** | **6** | **6** |  |
| **Assets** | **Assets** | **BACV FWH Including Modco** | **BACV FWH Including Modco** | **1** | **1** | **2** | **2** | **3** | **3** | **4** | **4** | **5** | **6** | **6** | Separate Account: |
|  | Cash, Cash Equivalents and Short-Term Investments | $| 186720  | $| —  | $| —  | $| —  | $| —  | $| $| 186720  |  |
|  | Issuer credit obligations | 694927  | 694927  | —  | —  | —  | —  | —  | —  | —  | —  | —  | 694925  | 694925  |  |
|  | Asset-backed securities | 204171  | 204171  | —  | —  | —  | —  | —  | —  | —  | —  | —  | 204171  | 204171  |  |
|  | Common stocks | 15920633  | 15920633  | —  | —  | —  | —  | —  | —  | —  | —  | 15920633  | —  | —  |  |
|  | &nbsp;&nbsp;&nbsp;Total assets | $ | 17006451  | $ | —  | $ | —  | $ | —  | $ | —  | $ | $ | 1085816  |  |
|  | Percentage to Total FWH Assets (including Modco) | 100.00  | 100.00% | —  | — % | —  | — % | —  | — % | —  | — % | 93.62  | 6.38  | 6.38% |  |
| \* | Related party code 1 | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. | Direct loan or direct investment (excluding securitizations) in the reinsurer, for which the reinsurer represents a direct credit exposure. |  |
|  | Related party code 2 | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role and for which 50% or more of the underlying collateral represents investments in or direct credit exposure to the reinsurer. |  |
|  | Related party code 3 | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies involving a relationship with the reinsurer as sponsor, originator, manager, servicer or other similar influential role and for which less than 50% (including 0%) of the underlying collateral represents investments in or direct credit exposure to the reinsurer. |  |
|  | Related party code 4 | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. | Securitization or similar investment vehicles such as mutual funds, limited partnerships and limited liability companies in which the structure reflects an in-substance related party transaction to the reinsurer but does not involve a relationship with the reinsurer as sponsor, originator, manager, servicer, or other similar influential role. |  |
|  | Related party code 5 | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. | The investment is identified as related to the reinsurer, but the role of the reinsurer represents a different arrangement than the options provided in choices 1-4. |  |
|  | Related party code 6 | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. | The investment is not related/affiliated to the reinsurer. |  |

---

---

| | | |
|:---|:---|:---|
| | **Amount** | **% of Liability to Total Liabilities** |
| | **Amount** | **% of Liability to Total Liabilities** |
| Recognized Obligation to Return Collateral Asset (General Account) | $852  | 0.08% |
| Recognized Obligation for Modco assets (Separate Account) | $17006451  | 89.93% |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**5GI Securities**

The assignment of a 5GI designation to a debt security occurs when the necessary documentation for a full credit analysis does not exist but the security is current on all contractual payments and the Company expects the security to make full payment of all contractual principal and interest. At December 31, 2025 and 2024, the Company had no investments in debt securities with a 5GI designation.

**<u>Note 5 - Reinsurance</u>**

The Company cedes reinsurance to other insurance companies in order to limit losses from large exposures. However, if the reinsurer is unable to meet its obligations, the originating issuer of the coverage retains the liability. The Company reinsures certain of its risks to other reinsurers under a yearly renewable term, coinsurance or modified coinsurance basis. The Company regularly monitors the financial strength rating of its reinsurers.

Effective December 31, 2024, the Company amended its reinsurance agreement with Jackson. Prior to the amendment, the agreement ceded 90% of the total contract risk associated with the VA issued by Jackson-NY to Jackson on a coinsurance basis (modified coinsurance for separate account liabilities). As a result of the amendment, the Company also cedes to Jackson 90% of the total RILA contract risk on a coinsurance basis (modified coinsurance for separate account liabilities) for better alignment with risk mitigation strategies employed at the parent company level. This treaty covers all existing and future VA and RILA contracts issued by Jackson-NY. Per the agreement, the Company received a $16.0 million ceding commission, which was reported direct to surplus and will be amortized into income as earnings emerge.

Premiums ceded to Jackson were $1,680.3 million, $821.2 million, and $716.1 million in 2025, 2024, and 2023, respectively.

The Company cedes 100% of its guaranteed minimum income benefit on VA to an unaffiliated third party. The reinsurance treaty contains certain maximum limits on annual benefits recoverable. Deductibles also apply on reinsurance of GMIB business issued since March 1, 2005. Accordingly, the NYDFS has determined there is not sufficient risk transfer and thus does not permit the Company to record a reserve credit in the accompanying statutory financial statements. Due to the inability to economically reinsure or hedge new issues of GMIB, the Company discontinued offering the benefit in 2009.

The effect of reinsurance on premiums are as follows (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2023** |
| Direct premiums and annuity considerations | $2238615  | $1350693  | $817996  |
| Reinsurance ceded | (1680928) | (821975) | (716864) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total premiums and annuity considerations | $557687  | $528718  | $101132  |

---

Policy reserves and liabilities are stated net of reinsurance ceded to other companies. Reserves ceded were $1,490.3 million and $1,383.5 million, including $1,488.9 million and $1,382.3 million ceded to Jackson at December 31, 2025 and 2024, respectively. At December 31, 2025 and 2024, the Company had $476.8 million and $165.3 million, respectively, due from reinsurers, of which $476.8 million and $268.7 million, respectively, related to reinsurance due from its Parent.

**<u>Note 6 - Federal Income Taxes</u>**

The Company is subject to federal income taxation as a life insurance company and files a consolidated federal income tax return with Jackson, Brooke Life, Brooke Life Reinsurance Company, Hickory Brooke Reinsurance Company, and Squire Reassurance Company II, Inc. The Company has entered into written tax sharing agreements that are based on separate return calculations with benefits for credits and losses. The Company's portion of any CAMT incurred or the benefit from CAMT credits is based on its share of the impact of CAMT for the consolidated group.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The Company is subject to examination by the Internal Revenue Service and other tax authorities in jurisdictions in which the Company operates. The Company is not currently under examination with respect to federal income taxes. The IRS completed an examination of the 2019-2023 Brooke Life Insurance Company and Subsidiaries federal consolidated returns during 2025 that resulted in no changes. Tax years from 2022 to 2025 remain open under the statute of limitations.

The One Big Beautiful Bill Act ("OBBBA") was enacted on July 4, 2025 and includes a broad range of tax

reform provisions that impact corporations and are effective for the 2025 tax year. The OBBBA resulted in no

tax impact to the Company at December 31, 2025.

At December 31, 2025 and December 31, 2024, the CAMT current tax impact was nil and a $20.7 million benefit, respectively. At December 31, 2025 and December 31, 2024, the CAMT had no impact on net capital and surplus. The U.S. Treasury Department is expected to issue additional guidance after December 31, 2025 that may materially change the estimated provision of the CAMT.

**Net Deferred Tax Asset**

The components of the net DTA at December 31 are as follows (in thousands):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **Change** | **Change** | **Change** |
| | **Ordinary** | **Capital** | **Total** | **Ordinary** | **Capital** | **Total** | **Ordinary** | **Capital** | **Total** |
| Total Gross Deferred Tax Assets | $53540  | $2065  | $55605  | $40796  | $448  | $41244  | $12744  | $1617  | $14361  |
| Statutory valuation allowance | —  | 1247  | 1247  | —  | —  | —  | —  | 1247  | 1247  |
| Adjusted gross DTA | 53540  | 818  | 54358  | 40796  | 448  | 41244  | 12744  | 370  | 13114  |
| DTA nonadmitted | 18949  | —  | 18949  | 10226  | —  | 10226  | 8723  | —  | 8723  |
| Subtotal net admitted DTA | 34591  | 818  | 35409  | 30570  | 448  | 31018  | 4021  | 370  | 4391  |
| Deferred tax liabilities | (3184) | (818) | (4002) | (4068) | (528) | (4596) | 884  | (290) | 594  |
| Net admitted DTA | $31407  | $—  | $31407  | $26502  | $(80) | $26422  | $4905  | $80  | $4985  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

Admission calculation components for SSAP No. 101 are as follows (in thousands):

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **Change** | **Change** | **Change** |
| | | **Ordinary** | **Capital** | **Total** | **Ordinary** | **Capital** | **Total** | **Ordinary** | **Capital** | **Total** |
| (a) | Federal income taxes |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Paid in prior years |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;recoverable through |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;loss carrybacks | $—  | $—  | $—  | $—  | $—  | $—  | $—  | $—  | $—  |
| (b) | Adjusted gross DTA |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Expected to be realized |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;after application of the |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;threshold limitation |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Lesser of (b)1 or |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(b)2 below) | 31407  | —  | 31407  | 26422  | —  | 26422  | 4985  | —  | 4985  |
|  | 1. Adjusted gross DTA |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Expected to be realized  |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;following the balance |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;sheet date |  |  | 31407  |  |  | 26422  |  |  | 4985  |
|  | 2. Adjusted gross DTA |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Allowed per limitation |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;threshold |  |  | 103574  |  |  | 117408  |  |  | (13834) |
| (c) | Adjusted gross DTA |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Excluding the amount  |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;of DTA from (a) and  |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(b) above) offset by |  |  |  |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;gross DTL | 3184  | 818  | 4002  | 4148  | 448  | 4596  | (964) | 370  | (594) |
| (d) | DTA admitted as the |  |  |  |  |  |  |  |  |  |
|  | result of application of |  |  |  |  |  |  |  |  |  |
|  | SSAP No. 101  | $34591  | $818  | $35409  | $30570  | $448  | $31018  | $4021  | $370  | $4391  |

---

---

| | | |
|:---|:---|:---|
| | **2025** | **2024** |
| Ratio percentage used to determine recovery |  |  |
| period and threshold limitation amount | 2740.5% | 3670.5% |
| Amount of adjusted capital and surplus used to |  |  |
| determine recovery period and threshold |  |  |
| limitation amount (in thousands) | $690490  | $782717  |

---

The impact of tax planning strategies was as follows (in thousands):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **Change** | **Change** |
| | | **Ordinary** | **Capital** | **Ordinary** | **Capital** | **Ordinary** | **Capital** |
| Determination of Adjusted | Determination of Adjusted |  |  |  |  |  |  |
| Gross DTA and Net Admitted DTA, by | Gross DTA and Net Admitted DTA, by |  |  |  |  |  |  |
| Tax Character as a Percentage | Tax Character as a Percentage |  |  |  |  |  |  |
| 1. | Adjusted gross DTAs | $53540 | $818 | $40796 | $448 | $12744 | $370 |
| 2. | Percentage of adjusted gross DTAs by |  |  |  |  |  |  |
|  | tax character attributable to the impact |  |  |  |  |  |  |
|  | of tax planning strategies | — % | — % | — % | — % | — % | — % |
| 3. | Net admitted adjusted gross DTAs | $34591 | $818 | $30570 | $448 | $4021 | $370 |
| 4. | Percentage of net admitted adjusted |  |  |  |  |  |  |
|  | gross DTAs by tax character admitted |  |  |  |  |  |  |
|  | because of the impact of tax planning |  |  |  |  |  |  |
|  | strategies | — % | — % | 85% | — % | (85)% | — % |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The Company had no CAMT credit DTAs as of December 31, 2025 and December 31, 2024.

At December 31, 2025, the Company's tax-planning strategies did not include the use of reinsurance. At December 31, 2024, the Company's tax-planning strategies did include the use of reinsurance.

The main components of the deferred tax assets and deferred tax liabilities are as follows (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **2025** | **2024** | **Change** |
| Deferred tax assets resulting from book/tax differences in: |  |  |  |
| Ordinary: |  |  |  |
| &nbsp;&nbsp;&nbsp;Deferred acquisition costs | $13112  | $9735  | $3377  |
| &nbsp;&nbsp;&nbsp;Deferred and uncollected premium | 20  | 36  | (16) |
| &nbsp;&nbsp;&nbsp;Insurance reserves | 39785  | 29753  | 10032  |
| &nbsp;&nbsp;&nbsp;Deferred compensation | 50  | 261  | (211) |
| &nbsp;&nbsp;&nbsp;Guaranteed fund assessment liability | 378  | 378  | —  |
| &nbsp;&nbsp;&nbsp;Credit carryover | —  | 483  | (483) |
| &nbsp;&nbsp;&nbsp;Other | 195  | 150  | 45  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total ordinary gross and adjusted |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; gross deferred tax assets | 53540  | 40796  | 12744  |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory valuation allowance adjustment | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets nonadmitted | (18949) | (10226) | (8723) |
| &nbsp;&nbsp;&nbsp;&nbsp;Admitted ordinary gross deferred |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; tax assets per NAIC SAP | 34591  | 30570  | 4021  |
| Capital: |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | 69  | 114  | (45) |
| &nbsp;&nbsp;&nbsp;Capital loss carryforward | 1763  | 334  | 1429  |
| &nbsp;&nbsp;&nbsp;Unrealized losses | 233  | —  | 233  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital gross and adjusted |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; gross deferred tax assets | 2065  | 448  | 1617  |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory valuation allowance adjustment | (1247) | —  | (1247) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets nonadmitted | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;Admitted capital gross deferred |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; tax assets per NAIC SAP | 818  | 448  | 370  |
| &nbsp;&nbsp;&nbsp;Total admitted deferred tax assets | $35409  | $31018  | $4391  |
| Deferred tax liabilities resulting from book/tax differences in: |  |  |  |
| Ordinary: |  |  |  |
| &nbsp;&nbsp;&nbsp;Deferred ceding commission | $1788  | $1926  | $(138) |
| &nbsp;&nbsp;&nbsp;Insurance reserves | 1371  | 2112  | (741) |
| &nbsp;&nbsp;&nbsp;Other | 25  | 30  | (5) |
| Total ordinary deferred tax liabilities | 3184  | 4068  | (884) |
| Capital: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments | 818 | 505  | 313  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Gains | 0 | 23  | (23) |
| Total capital deferred tax liabilities | 818  | 528  | 290  |
| Total deferred tax liabilities | $4002  | $4596  | $(594) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total net admitted deferred tax asset | $31407  | $26422  | $4985  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The application of SSAP No. 101, "Income Taxes for Accounting Guidance" requires a company to evaluate the recoverability of deferred tax assets and to establish a valuation allowance if necessary, to reduce the deferred tax asset to an amount which is more likely than not to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance the Company considers many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) the timing of their reversal; (4) taxable income in prior carry back years as well as projected taxable earnings, exclusive of reversing temporary differences and carry forwards; (5) the length of time that carryovers can be utilized; (6) unique tax rules that would impact the utilization of the deferred tax assets; and, (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. The Company has adopted an accounting policy to analyze the ability to recover the CAMT credit carryover deferred tax asset separately from the deferred tax assets generated under the regular tax system. There were no material modifications to the methodology used to project CAMT.

Although the realization is not assured, management believes it is more likely than not that the ordinary deferred tax assets under the regular tax system will be realized and therefore, no adjustments to gross deferred tax assets have been made because of a change in circumstances that causes a change in judgment about their realizability. Due to our projections for future net capital gains over the periods in which the capital deferred tax assets are deductible, management does not believe it is more likely than not that the Company will realize the benefits of these deductible differences and therefore, a valuation allowance in the amount of $1.3 million was recorded against the net capital deferred tax asset balance under the regular tax system as of December 31, 2025, due to the uncertainty of its ultimate realization. As of December 31, 2025 and December 31, 2024, the Company had no CAMT credit carryforward and therefore, no valuation allowance analysis is required.

The change in net deferred income taxes is comprised of the following (this analysis is exclusive of the nonadmitted DTAs as the Change in Nonadmitted Assets is reported separately from the Change in Net Deferred Income Taxes in the Statutory Statements of Capital and Surplus) (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **2025** | **2024** | **Change** |
| Total deferred tax assets | $55605  | $41244  | $14361  |
| Total deferred tax liabilities | (4002) | (4596) | 594  |
| Net deferred tax assets/liabilities | 51603  | 36648  | 14955  |
| Statutory valuation allowance adjustment | (1247) | —  | (1247) |
| Net DTA after statutory valuation allowance adjustment | 50356  | 36648  | 13708  |
| Tax effect of unrealized gains (losses) | (233) | 23  | (256) |
| Statutory valuation allowance adjustment on unrealized | 233  | —  | 233  |
| Change in net deferred income tax | $50356  | $36671  | $13685  |

---

There are no temporary differences for which deferred tax liabilities have not been recognized. Accordingly, there are no events that would cause unrecognized temporary differences to become taxable.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Taxes Incurred**

Current income taxes incurred consist of the following major components (in thousands):

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
| Operations |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal taxes from operations | $15544  | $(116) | $20535  |
| Subtotal | 15544  | (116) | 20535  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal taxes on capital gains | (19) | 116  | (185) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 10401  | (20652) | 59  |
| Total Federal current taxes incurred | $25926  | $(20652) | $20409  |

---

Federal current taxes incurred are reflected in the accompanying statements as follows (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **2025** | **2024** | **2023** |
| Federal current taxes incurred | $25945  | $(20768) | $20594  |
| Capital gains tax, excluding IMR taxes | (238) | —  | —  |
| Taxes transferred to IMR | 219  | 116  | (186) |
| Taxes on liability gains released from the IMR | —  | —  | 1  |
| Total federal current taxes incurred | $25926  | $(20652) | $20409  |

---

A reconciliation of the more significant permanent book to tax differences and the related tax effects (at a 21% statutory rate) is as follows (in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | | **2024** | | **2023** | |
| &nbsp;&nbsp;&nbsp;Income before taxes | $7687  |  | $49102  |  | $107169  |  |
| &nbsp;&nbsp;&nbsp;Income taxes at statutory rate | 1614  | 21% | 10311  | 21% | 22505  | 21% |
| &nbsp;&nbsp;&nbsp;Dividends received deduction | 7663  | 100% | (9914) | (20)% | (9229) | (9)% |
| &nbsp;&nbsp;&nbsp;Interest maintenance reserve | 366  | 5% | 178  | — % | 39  | — % |
| &nbsp;&nbsp;&nbsp;Gain on reinsurance | (355) | (5)% | 2872  | 6% | (131) | — % |
| &nbsp;&nbsp;&nbsp;Valuation allowance | 1014  | 13% | (37470) | (76)% | (10255) | (10)% |
| &nbsp;&nbsp;&nbsp;Tax credits | 1974  | 26% | (2544) | (5)% | (3288) | (3)% |
| &nbsp;&nbsp;&nbsp;Other | (35) | — % | (105) | — % | 47  | — % |
| Total | $12241  | 160% | $(36672) | (74)% | $(312) | (1)% |
| Federal and foreign taxes incurred | $25945  |  | $(20768) |  | $20594  |  |
| Tax on capital losses | (19) |  | 116  |  | (185) |  |
| Change in net deferred taxes | (13685) |  | (16020) |  | (20721) |  |
| Total statutory taxes | $12241  |  | $(36672) |  | $(312) |  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The following table sets forth the amount and expiration dates of Federal operating loss, capital loss, and tax credit carryforwards for the tax periods indicated.

---

| | | |
|:---|:---|:---|
| Carryforwards (in thousands): |  |  |
|  | **2025** | **2024** |
| Federal net operating loss carryforwards<sup>(1)</sup> | $— | $— |
| Federal capital loss carryforwards<sup>(2)</sup> | 8397 | 1590 |
| Foreign Tax Credits<sup>(3)</sup> |  | 228 |
| Alternative Minimum Credits<sup>(1)</sup> |  |  |
| Total | $8397 | $1818 |
| <sup>(1)</sup> Unlimited carryforward. |  |  |
| <sup>(2)</sup> 5 year carryforward and begins to expire in 2029. | <sup>(2)</sup> 5 year carryforward and begins to expire in 2029. | <sup>(2)</sup> 5 year carryforward and begins to expire in 2029. |
| <sup>(3)</sup> 10 year carryforward  | <sup>(3)</sup> 10 year carryforward  | <sup>(3)</sup> 10 year carryforward  |

---

The Company has no capital gains taxes paid in prior years that is available for recoupment.

The Company has no deposits under Internal Revenue Code Section 6603.

The Company does not believe that it is reasonably possible that the liability related to any federal or foreign tax loss contingencies will significantly increase within the next 12 months.

The Company does not owe any Repatriation Transition Tax ("RTT") and has made no payment or expect to make any future payments to satisfy the RTT liability.

**<u>Note 7 - Capital, Surplus and Dividend Restrictions</u>**

The declaration of dividends which can be paid by the Company is regulated by New York Insurance Law. The Company must file a notice of its intention to declare a dividend and the amount thereof with the Superintendent at least thirty days in advance of any proposed dividend declaration. Dividends are only payable out of earned surplus. At December 31, 2025, the Company had $72.0 million of earned surplus available for dividends, compared to $80.7 million at December 31, 2024. On March 31, 2025, the Company paid an ordinary dividend of $75.0 million to Jackson. No dividends were paid to Jackson in 2024 and 2023.

The NAIC has developed certain risk-based capital ("RBC") requirements for life insurance companies. Under those requirements, compliance is determined by a ratio of a company's total adjusted capital ("TAC"), calculated in a manner prescribed by the NAIC to its authorized control level RBC ("ACL RBC"), calculated in a manner prescribed by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The minimum level of TAC before corrective action commences is twice ACL RBC ("company action level RBC"). At both December 31, 2025 and 2024, the Company's TAC was more than 1000% of the company action level RBC.

**<u>Note 8 - Life and Annuity Reserves</u>**

The Company waives deductions of deferred fractional premiums upon death of the insured and returns premiums paid and due beyond the date of death. Surrender values are not promised in excess of the legally computed reserves.

Extra premiums are charged for substandard lives for policies issued on such lives in addition to the standard gross premium. Mean reserves are calculated as the regular mean reserve for the plan plus one half of the extra premium charged for the year.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The Company had $14.5 million and $1.8 million of insurance in force for which the gross premiums were less than the net premiums, at December 31, 2025 and 2024, respectively, according to the valuation standard set by the state of New York.

At December 31, 2025 and 2024, 94.4% and 93.6%, respectively, of annuity reserves and deposit liabilities were subject to surrender charges of at least 5% or at market value in the event of discretionary withdrawal by policyholders.

The Company issues traditional VA contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder. The Company issues RILA contracts though its separate accounts for which investment risk is borne by the Company. The Company also issues variable and RILA contracts through separate accounts where the Company contractually guarantees to the contract holder either a) return of no less than total deposits made to the contract adjusted for any partial withdrawals, or b) the highest contract value on a specified anniversary date adjusted for any withdrawals following the contract anniversary. These guarantees include benefits that are payable in the event of death (guaranteed minimum death benefit ("GMDB")), at annuitization (guaranteed minimum income benefit ("GMIB")), upon depletion of funds (guaranteed minimum withdrawal benefits ("GMWB")), or at the end of a specified period (guaranteed minimum accumulation benefit ("GMAB")). The GMIB is 100% reinsured with an unaffiliated reinsurer, and 90% of the entire VA and RILA contracts are reinsured with Jackson.

Account balances of contracts with guarantees were invested in variable separate accounts as follows (in thousands):

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2025** | **2024** |
| Fund type: |  |  |
| &nbsp;&nbsp;&nbsp;Equity | $13270236  | $12576683  |
| &nbsp;&nbsp;&nbsp;Bond | 1405193  | 1403023  |
| &nbsp;&nbsp;&nbsp;Balanced | 2891617  | 2827247  |
| &nbsp;&nbsp;&nbsp;Money market | 122055  | 119924  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $17689101  | $16926877  |

---

Reserves for associated guarantees for RILA and VA are calculated using New York Regulation 213, which incorporates VM-21. Total direct reserves associated with guaranteed benefits were $335.1 million and $245.5 million at December 31, 2025 and 2024, respectively.

The Company offered variable universal life insurance from 2004 through 2006. Amounts in force were immaterial at December 31, 2025 and there were no minimum guaranteed benefits on these policies. Reserves are calculated according to New York Regulation 147.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

An analysis of annuity reserves and deposit type contract liabilities by withdrawal characteristics is as follows (in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | |
| |<br>**General**<br>**Account** | **Guaranteed**<br>**Separate**<br>**Account** | **Non-guaranteed**<br>**Separate**<br>**Account** |<br>**Total** |<br>**% of** <br>**Total** |
| Individual Annuities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $601278  | $—  | $—  | $601278  | 3.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge of 5% or more | 100896  | 1226590  | —  | 1327486  | 6.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | 17337740  | 17337740  | 85.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge less than 5% | 956094  | —  | —  | 956094  | 4.7% |
| Total subject to discretionary withdrawal | 1658268  | 1226590  | 17337740  | 20222598  | 99.5% |
| Not subject to discretionary withdrawal | 76306  | —  | 32098  | 108404  | 0.5% |
| Total gross | 1734574  | 1226590  | 17369838  | 20331002  | 100.0% |
| Reinsurance ceded | 1026705  | —  | —  | 1026705  |  |
| Total, net of reinsurance | $707869  | $1226590  | $17369838  | $19304297  |  |
| Amount with current surrender charge of 5% or more that will have less than a 5% surrender charge in the year subsequent | $43955  | $—  | $—  | $43955  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | |
| |<br>**General**<br>**Account** | **Guaranteed**<br>**Separate**<br>**Account** | **Non-guaranteed**<br>**Separate**<br>**Account** |<br>**Total** |<br>**% of** <br>**Total** |
| Individual Annuities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $277733  | $—  | $—  | $277733  | 1.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge of 5% or more | 101592  | 371813  | —  | 473405  | 2.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | 16593260  | 16593260  | 89.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge less than 5% | 1063709  | —  | —  | 1063709  | 5.7% |
| Total subject to discretionary withdrawal | 1443034  | 371813  | 16593260  | 18408107  | 99.5% |
| Not subject to discretionary withdrawal | 67169  | —  | 28318  | 95487  | 0.5% |
| Total gross | 1510203  | 371813  | 16621578  | 18503594  | 100.0% |
| Reinsurance ceded | 1137088  | —  | —  | 1137088  |  |
| Total, net of reinsurance | $373115  | $371813  | $16621578  | $17366506  |  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | |
| |<br>**General**<br>**Account** | **Guaranteed**<br>**Separate**<br>**Account** | **Non-guaranteed**<br>**Separate**<br>**Account** |<br>**Total** |<br>**% of** <br>**Total** |
| Group Annuities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $—  | $—  | $—  | $—  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge of 5% or more | 7  | —  | —  | 7  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | —  | —  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge less than 5% | 96582  | —  | —  | 96582  | 92.6% |
| Total subject to discretionary withdrawal | 96589  | —  | —  | 96589  | 92.7% |
| Not subject to discretionary withdrawal | 7656  | —  | —  | 7656  | 7.3% |
| Total gross | 104245  | —  | —  | 104245  | 100.0% |
| Reinsurance ceded | —  | —  | —  | —  |  |
| Total, net of reinsurance | $104245  | $—  | $—  | $104245  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | |
| |<br>**General**<br>**Account** | **Guaranteed**<br>**Separate**<br>**Account** | **Non-guaranteed**<br>**Separate**<br>**Account** |<br>**Total** |<br>**% of** <br>**Total** |
| Group Annuities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $—  | $—  | $—  | $—  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge of 5% or more | 6  | —  | —  | 6  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | —  | —  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge less than 5% | 111501  | —  | —  | 111501  | 93.0% |
| Total subject to discretionary withdrawal | 111507  | —  | —  | 111507  | 93.0% |
| Not subject to discretionary withdrawal | 8363  | —  | —  | 8363  | 7.0% |
| Total gross | 119870  | —  | —  | 119870  | 100.0% |
| Reinsurance ceded | —  | —  | —  | —  |  |
| Total, net of reinsurance | $119870  | $—  | $—  | $119870  |  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | |
| |<br>**General**<br>**Account** | **Guaranteed**<br>**Separate**<br>**Account** | **Non-guaranteed**<br>**Separate**<br>**Account** |<br>**Total** |<br>**% of** <br>**Total** |
| Deposit-type contracts: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $—  | $—  | $—  | $—  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge of 5% or more | —  | —  | —  | —  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | —  | —  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge less than 5% | —  | —  | —  | —  | 0.0% |
| Total subject to discretionary withdrawal | —  | —  | —  | —  | 0.0% |
| Not subject to discretionary withdrawal | 24674  | —  | 8823  | 33497  | 100.0% |
| Total gross | 24674  | —  | 8823  | 33497  | 100.0% |
| Reinsurance ceded | 15645  | —  | —  | 15645  |  |
| Total, net of reinsurance | $9029  | $—  | $8823  | $17852  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | |
| |<br>**General**<br>**Account** | **Guaranteed**<br>**Separate**<br>**Account** | **Non-guaranteed**<br>**Separate**<br>**Account** |<br>**Total** |<br>**% of** <br>**Total** |
| Deposit-type contracts: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $—  | $—  | $—  | $—  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge of 5% or more | —  | —  | —  | —  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | —  | —  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustment and with current |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;surrender charge less than 5% | —  | —  | —  | —  | 0.0% |
| Total subject to discretionary withdrawal | —  | —  | —  | —  | 0.0% |
| Not subject to discretionary withdrawal | 22538  | —  | 6701  | 29239  | 100.0% |
| Total gross | 22538  | —  | 6701  | 29239  | 100.0% |
| Reinsurance ceded | 14202  | —  | —  | 14202  |  |
| Total, net of reinsurance | $8336  | $—  | $6701  | $15037  |  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

Analysis of life reserves by withdrawal characteristics is as follows (in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **General Account** | **General Account** | **General Account** | **Separate Account - Non-guaranteed** | **Separate Account - Non-guaranteed** | **Separate Account - Non-guaranteed** |
| | **Account Value** | **Cash Value** | **Reserve** | **Account Value** | **Cash Value** | **Reserve** |
| Subject to discretionary withdrawal, |  |  |  |  |  |  |
| surrender values, or policy loans: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Policies with Cash Value | $—  | $—  | $—  | $—  | $—  | $—  |
| &nbsp;&nbsp;&nbsp;Universal Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Universal Life with Secondary Guarantees | 3574  | 3574  | 7575  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Indexed Universal Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Indexed Universal Life with Secondary Guarantees | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Indexed Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Other Permanent Cash Value Life Insurance | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Variable Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Variable Universal Life | 100  | 100  | 100  | 491  | 491  | 491  |
| &nbsp;&nbsp;&nbsp;Miscellaneous Reserves | —  | —  | 335094  | —  | —  | —  |
| Not subject to discretionary withdrawal, or no cash values |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Policies with Cash Value | XXX | XXX | 1498  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Accidental Death Benefits | XXX | XXX | 1  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Disability - Active Lives | XXX | XXX | 6  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Disability - Disabled Lives | XXX | XXX | 80  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Miscellaneous Reserves | XXX | XXX | 264421  | XXX | XXX | —  |
| Total (gross: direct + assumed) | $3674  | $3674  | $608775  | $491  | $491  | $491  |
| Reinsurance Ceded | 356  | 356  | 447999  | —  | $—  | —  |
| Total (net) | $3318  | $3318  | $160776  | $491  | $491  | $491  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **General Account** | **General Account** | **General Account** | **Separate Account - Non-guaranteed** | **Separate Account - Non-guaranteed** | **Separate Account - Non-guaranteed** |
| | **Account Value** | **Cash Value** | **Reserve** | **Account Value** | **Cash Value** | **Reserve** |
| Subject to discretionary withdrawal, |  |  |  |  |  |  |
| surrender values, or policy loans: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Policies with Cash Value | $—  | $—  | $—  | $—  | $—  | $—  |
| &nbsp;&nbsp;&nbsp;Universal Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Universal Life with Secondary Guarantees | 3523  | 3523  | 7525  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Indexed Universal Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Indexed Universal Life with Secondary Guarantees | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Indexed Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Other Permanent Cash Value Life Insurance | —  | —  | 4  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Variable Life | —  | —  | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;Variable Universal Life | 72  | 72  | 72  | 452  | 452  | 452  |
| &nbsp;&nbsp;&nbsp;Miscellaneous Reserves | —  | —  | 245540  | —  | —  | —  |
| Not subject to discretionary withdrawal, or no cash values |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Policies with Cash Value | XXX | XXX | 1590  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Accidental Death Benefits | XXX | XXX | 1  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Disability - Active Lives | XXX | XXX | 7  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Disability - Disabled Lives | XXX | XXX | 77  | XXX | XXX | —  |
| &nbsp;&nbsp;&nbsp;Miscellaneous Reserves | XXX | XXX | 114089  | XXX | XXX | —  |
| Total (gross: direct + assumed) | $3595  | $3595  | $368905  | $452  | $452  | $452  |
| Reinsurance Ceded | 355  | 355  | 232224  | —  | —  | —  |
| Total (net) | $3240  | $3240  | $136681  | $452  | $452  | $452  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

At December 31, 2025 and 2024, approximately 96% and 95%, respectively, of the Company's fixed interest rate annuity account values correspond to crediting rates that are at the minimum guaranteed interest rates. The following tables show the distribution of the fixed interest rate annuities' account values within the presented ranges of minimum guaranteed interest rates at December 31 (in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2025** |
| **Minimum Guaranteed Interest Rate** | **At Guaranteed Minimum** | **1-50bps Above** | **51-150bps Above** | **150+bps Above** | **Total** |
| **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% | 136.1  | —  | 0.4  | —  | 136.5  |
| >2.50% | 889.4  | 9.0  | —  | —  | 898.4  |
| Total | $1025.5  | $9.0  | $0.4  | $—  | $1034.9  |
| **Fixed Annuities** |  |  |  |  |  |
| 0.0%-1.50% | $4.4  | $4.2  | $11.9  | $0.6  | $21.1  |
| 1.51%-2.50% | 14.5  | 0.7  | 0.9  | —  | 16.1  |
| >2.50% | 601.5  | 32.5  | —  | —  | 634.0  |
| Total | $620.4  | $37.4  | $12.8  | $0.6  | $671.2  |
| **RILA** |  |  |  |  |  |
| 0.0%-1.50% | $—  | $—  | $—  | $—  | $—  |
| 1.51%-2.50% | —  | —  | —  | —  | —  |
| >2.50% | 18.8  | —  | —  | —  | 18.8  |
| Total | $18.8  | $—  | $—  | $—  | $18.8  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** |
| **Minimum Guaranteed Interest Rate** | **At Guaranteed Minimum** | **1-50bps Above** | **51-150bps Above** | **150+bps Above** | **Total** |
| **Minimum Guaranteed Interest Rate** | **At Guaranteed Minimum** | **1-50bps Above** | **51-150bps Above** | **150+bps Above** | **Total** |
| **Variable Annuities** |  |  |  |  |  |
| 0.0%-1.50% | $—  | $9.5  | $0.5  | $—  | $10.0  |
| 1.51%-2.50% | 146.1  | —  | —  | —  | 146.1  |
| >2.50% | 1035.7  | —  | —  | —  | 1035.7  |
| Total | $1181.8  | $9.5  | $0.5  | $—  | $1191.8  |
| **Fixed Annuities** |  |  |  |  |  |
| 0.0%-1.50% | $5.2  | $6.9  | $12.3  | $0.6  | $25.0  |
| 1.51%-2.50% | 22.6  | 1.4  | 1.0  | —  | 25.0  |
| >2.50% | 247.9  | 40.5  | 0.7  | —  | 289.1  |
| Total | $275.7  | $48.8  | $14.0  | $0.6  | $339.1  |
| **RILA** |  |  |  |  |  |
| 0.0%-1.50% | $—  | $—  | $—  | $—  | $—  |
| 1.51%-2.50% | —  | —  | —  | —  | —  |
| >2.50% | 6.9  | —  | —  | —  | 6.9  |
| Total | $6.9  | $—  | $—  | $—  | $6.9  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**Deferred Premiums and Considerations**

Deferred and uncollected life insurance premiums and annuity considerations as of December 31, 2025 were as follows (in thousands):

---

| | | |
|:---|:---|:---|
| **Type** | **Gross** | **Net of Loading** |
| Ordinary new business | $(464488) | $(464510) |
| Ordinary renewal | (30891) | (30966) |
| &nbsp;&nbsp;&nbsp;Totals | $(495379) | $(495476) |

---

**<u>Note 9 – Separate Accounts</u>**

Reserves of the non-guaranteed separate accounts are subject to discretionary withdrawal at fair value. Reserves for variable and RILA contract guarantees are held in the general account. Assets of the insulated separate accounts are carried at fair value. All assets of the non-insulated separate accounts are carried at book value, which refers to the value at which those assets would be carried if held in the general account.

A reconciliation of net transfers to separate accounts for the years ended December 31, 2025, 2024, and 2023 is as follows (in thousands):

---

| | | | |
|:---|:---|:---|:---|
| | **2025** | **2024** | **2023** |
| Transfers as reported in the Summary of Operations of the Separate  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounts Statement: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to separate accounts | $171798  | $464655  | $76871  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers from separate accounts | 210339  | 173880 | 112882 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers to separate accounts | (38541) | 290775  | (36011) |
| &nbsp;&nbsp;&nbsp;Reconciling adjustments: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Benefit fees and other differences | (17480) | (17572) | (17756) |
| Transfers as reported in the accompanying Statements of Operations | $(56021) | $273203  | $(53767) |

---

For the insulated separate account, the difference between the CARVM reserve and the fair value of assets is recognized as an expense allowance in the general account. The total CARVM allowance, net of reinsurance ceded, reduced the general account liability by $31.0 million and $29.9 million at December 31, 2025 and 2024, respectively.

The amount of risk charges paid by the separate account to the general account for the past five years as compensation for the risk taken by the general account are as follows (in thousands):

---

| | |
|:---|:---|
| **Year** | **Amount** |
| 2025 | $207680  |
| 2024 | $209773  |
| 2023 | $204824  |
| 2022 | $199196  |
| 2021 | $186223  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

Premiums, considerations, or deposits to separate accounts for 2025, 2024, and 2023 are as follows (in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Non-indexed**<br>**Guarantee**<br>**Less than/equal**<br>**to 4%** |<br>**Non-indexed**<br>**Guarantee**<br>**More than 4%** |<br>**Non-guaranteed**<br>**Separate**<br>**Accounts** |<br><br>**Total** |
| **Premiums, considerations or** | | | | |
| **deposits for year ended** | | | | |
| December 31, 2025 | $79190  | —  | 95844  | $175034  |
| December 31, 2024 | $387148  | —  | 79055  | $466203  |
| December 31, 2023 | $—  | —  | 64970  | $64970  |

---

Reserves in the separate accounts totaled $18.6 billion and $17.0 billion at December 31, 2025 and 2024, respectively.

Withdrawal characteristics of separate account reserves for 2025 are as follows (in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Non-indexed**<br>**Guarantee**<br>**Less than/equal**<br>**to 4%** |<br>**Non-indexed**<br>**Guarantee**<br>**More than 4%** |<br>**Non-guaranteed**<br>**Separate**<br>**Accounts** |<br><br>**Total** |
| For accounts with assets at: |  |  |  |  |
| Fair value | $—  | $—  | $17379152  | $17379152  |
| Amortized cost | 1226590  | —  | —  | 1226590  |
| Total reserves | $1226590  | $—  | $17379152  | $18605742  |
| By withdrawal characteristics: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment | $—  | $—  | $—  | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;value adjustment and with |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;current surrender charge of |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5% or more | 1226590  | —  | —  | 1226590  |
| &nbsp;&nbsp;&nbsp;&nbsp;At fair value | —  | —  | 17338231  | 17338231  |
| &nbsp;&nbsp;&nbsp;&nbsp;At book value without market |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;value adjustment and with |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;current surrender charge less |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;than 5% | —  | —  | —  | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;Subtotal | $1226590  | $—  | $17338231  | $18564821  |
| Not subject to discretionary |  |  |  |  |
| withdrawal | —  | —  | 40921  | 40921  |
| Total | $1226590  | $—  | $17379152  | $18605742  |

---

**<u>Note 10 - Employee Retirement Plans</u>**

The Company participates in a Parent sponsored defined contribution retirement plan covering substantially all associates. Eligible associates are immediately able to participate in the Company's matching contribution. To be eligible to participate in the Company's contribution, an associate must have attained the age of 21, completed at least 1,000 hours of service in a 12-month period and passed their 12-month employment anniversary. In addition, the associate must be employed on the applicable January 1 or July 1 entry date. The Company's annual contributions are based on a percentage of eligible compensation paid to participating associates during the year. In addition, the Company matches a participant's elective contribution, up to 6 percent of eligible compensation, to the plan during the year. The Company's expense related to this plan was $0.3 million, $0.3 million and $0.2 million for 2025, 2024, and 2023, respectively.

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

The Company participates in a Parent sponsored non-qualified voluntary deferred compensation plan for certain associates of Jackson and certain affiliates. Additionally, the Company sponsors a non-qualified voluntary deferred compensation plan for certain agents, with the assets retained by Jackson under an administrative services agreement. At both December 31, 2025 and 2024, Jackson's liability for the Company's portion of such plans totaled nil. There were no expenses related to these plans for 2025, 2024, and 2023.

**<u>Note 11 – Other Related Party Transactions</u>**

The Company had a payable to Jackson of $497.7 million and $193.0 million at December 31, 2025 and 2024, respectively.

The Company's investment portfolio is managed by PPM America, Inc. ("PPMA"), a registered investment advisor. PPM Holdings, Inc. ("PPMH"), is the holding company of PPMA, and is a wholly-owned subsidiary of Jackson Financial, Inc., which is the ultimate parent of Jackson-NY. The Company paid $1.8 million to PPMA for investment advisory services in 2025 and $2.0 million in both 2024 and 2023, respectively.

The Company has an administrative service agreement with its Parent, under which Jackson provides certain administrative services. The Company paid administrative fees of $29.4 million, $25.6 million, and $22.8 million in 2025, 2024, and 2023, respectively.

The Company has an administrative services agreement with Jackson National Life Distributors, LLC ("JNLD"), a subsidiary of Jackson, under which JNLD provides certain marketing services. Fees for these services paid to JNLD were $1.2 million, $1.0 million, and $0.6 million in 2025, 2024, and 2023, respectively.

The Company has a Master Repurchase Agreement with Jackson, which allows for repurchase agreement transactions between the companies, when deemed appropriate. There were no such borrowings during 2025 and 2024. There was no outstanding balance as of both December 31, 2025 and 2024. Interest paid during 2025, 2024, and 2023 was nil.

**<u>Note 12 – Contingent Liabilities</u>**

The Company has previously received regulatory inquiries on an industry-wide matter relating to claims settlement practices and compliance with unclaimed property laws. Any regulatory audits, related examination activity and internal reviews as a result of these inquiries may result in additional payments to beneficiaries, escheatment of funds deemed abandoned under state laws, administrative penalties and changes in the Company's procedures for the identification of unreported claims and handling of escheatable property.

At December 31, 2025 and 2024, the Company had unfunded commitments related to debt securities of $9.0 and nil, respectively.

**<u>Note 13 - Asset-Backed Securities' Other-Than-Temporary-Impairments</u>**

The following table (shown in dollars) details asset-backed securities with a recognized other-than-temporary impairment recorded in 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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** |
| 872660AA3 | 5806809 | 5016450 | 790359 | 5016450 | 3905660 | Q4-2025 |
| **Total** |  |  | **790359**  |  |  |  |

---

------

**Jackson National Life Insurance Company of New York**

**(a wholly owned subsidiary of Jackson National Life Insurance Company)**

**Notes to Statutory Financial Statements**

_________________________________________________________________________________

**<u>Note 14 - Reconciliation to Annual Statement</u>**

As discussed in Note 5, the Company cedes 90% of the entire VA and RILA contracts to its parent, Jackson. In 2025 and 2024, $(495.6) million and $(190.4) million, respectively, were reported as an asset in the annual statement as uncollected premium. In accordance with SSAP 61, these were reported as payable to parent in the 2025 and 2024 audited financial statements. As a result, the annual statement admitted assets were lower and liabilities were higher, by $495.6 million and $190.4 million, respectively, as compared to the audited financial statements.

------

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule 1**

**Additional Information**

**Jackson National Life Insurance Company of New York** 

**Supplemental Schedule of Selected Financial Data**

**December 31, 2025**

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

---

| | |
|:---|:---|
| **Investment income earned** | |
| U.S. government bonds | $254171  |
| Bonds exempt from U.S. tax | —  |
| Other bonds (unaffiliated) | 57290128  |
| Bonds of affiliates | 61738  |
| Preferred stocks (unaffiliated) | —  |
| Preferred stocks of affiliates | —  |
| Common stocks (unaffiliated) | —  |
| Common stocks of affiliates | —  |
| Mortgage loans | —  |
| Real estate | —  |
| Contract loans | 34506  |
| Cash and cash equivalents  | 6030495  |
| Derivative instruments | —  |
| Other invested assets | 131889  |
| Aggregate write-ins for investment income | 16440  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income | $63819367  |
| Real estate owned - book value less encumbrances | $—  |
| Mortgage loans by type - book value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Farm mortgages | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgages | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgages | —  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage loans | $—  |
| Mortgage loans by standing - book value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Good standing | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Good standing with restructured loans | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest overdue more than 90 days, not in foreclosure | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreclosure in process | $—  |
| Other long term assets - statement value | $2001968  |
| Contract loans | $530695  |
| Bonds & stocks of parents, subsidiaries and affiliates - book value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds | $1000000  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stocks | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | $—  |

---

(Continued)

------

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule 1**

**Additional Information**

**Jackson National Life Insurance Company of New York** 

**Supplemental Schedule of Selected Financial Data**

**December 31, 2025**

---

| | |
|:---|:---|
| Bonds and short-term investments by class and maturity: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds by maturity - statement value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due within one year or less | $161011155  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 1 year through 5 years | 848640375  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 5 years through 10 years | 445520915  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 10 years through 20 years | 32607262  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 20 years | 15379998  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total by maturity | $1503159705  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds by class - statement value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 1 | $774086586  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 | 695777702  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 3 | 25871141  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 4 | 3016214  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 5 | 502402  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 6 | 3905660  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total by class | $1503159705  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds publicly traded | $707399580  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds privately placed | $795760125  |
| Preferred stocks - statement value | $—  |
| Common stocks - market value | $—  |
| Short-term investments - book value | $—  |
| Options, caps and floors owned - statement value | $—  |
| Options, caps and floors written & in force - statement value | $—  |
| Collar, swap and forward agreements open - statement value | $—  |
| Futures contracts open - current value | $—  |
| Cash on deposit | $(19218731) |
| Cash equivalents | $230628715  |
| Life insurance in force |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary | $26194000  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit life | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Group life | $—  |
| Amount of accidental death benefits in force under ordinary policies | $550000  |

---

(Continued)

------

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule 1**

**Additional Information**

**Jackson National Life Insurance Company of New York** 

**Supplemental Schedule of Selected Financial Data**

**December 31, 2025**

---

| | |
|:---|:---|
| Life insurance policies with disability provisions in force |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary | $6873000  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit life | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Group life | $—  |
| Supplementary contracts in force: |  |
| &nbsp;&nbsp;&nbsp;Ordinary - not involving life contingencies- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount on deposit | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income payable | $—  |
| &nbsp;&nbsp;&nbsp;Ordinary - involving life contingencies- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount on deposit | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income payable | $—  |
| &nbsp;&nbsp;&nbsp;Group - not involving life contingencies- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount on deposit | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income payable | $—  |
| &nbsp;&nbsp;&nbsp;Group - involving life contingencies- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount on deposit | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income payable | $—  |
| Annuities: |  |
| &nbsp;&nbsp;&nbsp;Ordinary- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediate - amount of income payable | $10611885  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred - fully paid account balance | $533909664  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred - not fully paid - account balance | $1161331373  |
| &nbsp;&nbsp;&nbsp;Group- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount of income payable | $1402743  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fully paid account balance | $97567302  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not fully paid - account balance | $—  |
| Accident and health insurance - premiums in force: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Group | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit | $—  |
| Deposit funds and dividend accumulations: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit funds - account balance | $—  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend accumulations - account balance | $—  |

---

See accompanying independent auditors' report.**&nbsp;&nbsp;&nbsp;&nbsp;**

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**Schedule 2**

**JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK**

**Supplemental Investment Risks Interrogatories**

**December 31, 2025**

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| | | | | |
|:---|:---|:---|:---|:---|
| 1) | Total admitted assets (excluding Separate Accounts): |  |  | $1762710641  |
| 2) | 10 largest exposures to a single issuer/borrower/investment (excluding US Government): | 10 largest exposures to a single issuer/borrower/investment (excluding US Government): | 10 largest exposures to a single issuer/borrower/investment (excluding US Government): |  |
|  | **Issuer** | **Category** | **Amount** | **Percentage** |
|  | AVOLON HOLDINGS FND | UNAFFILIATED FOREIGN SECURITIES | $11521986  | 0.7% |
|  | BAT CAPITAL | UNAFFILIATED DOMESTIC SECURITIES | $10034330  | 0.6% |
|  | ENTERGY ARKANSAS | UNAFFILIATED DOMESTIC SECURITIES | $8998865  | 0.5% |
|  | ORACLE | UNAFFILIATED DOMESTIC SECURITIES | $8586743  | 0.5% |
|  | ROBERT BOSCH FINANCE LLC | UNAFFILIATED FOREIGN SECURITIES | $8000000  | 0.5% |
|  | PHILLIPS EDISON GROCERY | UNAFFILIATED DOMESTIC SECURITIES | $7298574  | 0.4% |
|  | JRD HOLDINGS | UNAFFILIATED DOMESTIC SECURITIES | $7100000  | 0.4% |
|  | AMERICAN EXPRESS | UNAFFILIATED DOMESTIC SECURITIES | $7079933  | 0.4% |
|  | CHICK-FIL-A | UNAFFILIATED DOMESTIC SECURITIES | $7000000  | 0.4% |
|  | VOPAK NV | UNAFFILIATED FOREIGN SECURITIES | $7000000  | 0.4% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 3) | Amounts and percentages of total admitted assets held in bonds and preferred stocks by NAIC designation. | Amounts and percentages of total admitted assets held in bonds and preferred stocks by NAIC designation. | Amounts and percentages of total admitted assets held in bonds and preferred stocks by NAIC designation. | Amounts and percentages of total admitted assets held in bonds and preferred stocks by NAIC designation. | Amounts and percentages of total admitted assets held in bonds and preferred stocks by NAIC designation. |  |
|  |  |  |  | **Preferred**  |  |  |
|  | **Bonds** | **Amount** | **Percentage** | **Stocks** | **Amount** | **Percentage** |
|  | NAIC-1 | $774086586  | 43.9% | NAIC-1 | $—  | 0.0% |
|  | NAIC-2 | $695777702  | 39.5% | NAIC-2 | $—  | 0.0% |
|  | NAIC-3 | $25871141  | 1.5% | NAIC-3 | $—  | 0.0% |
|  | NAIC-4 | $3016214  | 0.2% | NAIC-4 | $—  | 0.0% |
|  | NAIC-5 | $502402  | 0.0% | NAIC-5 | $—  | 0.0% |
|  | NAIC-6 | $3905660  | 0.2% | NAIC-6 | $—  | 0.0% |

---

---

| | | | |
|:---|:---|:---|:---|
| 4) | Assets held in foreign investments: |  |  |
|  |  | **Amount** | **Percentage** |
|  | Total admitted assets held in foreign investments | $303724317  | 17.2% |
|  | Foreign-currency-denominated investments | $—  | 0.0% |
|  | Insurance liabilities denominated in that same foreign currency | $—  | 0.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| 5) | Aggregate foreign investment exposure categorized by NAIC sovereign designation: |  |  |
|  |  | **Amount** | **Percentage** |
|  | Countries designated NAIC-1 | $288496718  | 16.4% |
|  | Countries designated NAIC-2 | $10106959  | 0.6% |
|  | Countries designated NAIC-3 or below | $5120639  | 0.3% |

---

---

| | | | |
|:---|:---|:---|:---|
| 6) | Two largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign rating: | Two largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign rating: | Two largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign rating: |
|  |  | **Amount** | **Percentage** |
|  | Countries designated NAIC-1: |  |  |
|  | UNITED KINGDOM | $48901789  | 2.8% |
|  | CAYMAN ISLANDS | $42661823  | 2.4% |
|  | Countries designated NAIC-2: |  |  |
|  | MEXICO | $8586096  | 0.5% |
|  | PERU | $995231  | 0.1% |
|  | Countries designated NAIC-3 or below: |  |  |
|  | COLOMBIA | $3112938  | 0.2% |
|  | MOROCCO | $2007702  | 0.1% |

---

(Continued)

------

**Schedule 2**

**JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK**

**Supplemental Investment Risks Interrogatories**

**December 31, 2025**

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| | | | | |
|:---|:---|:---|:---|:---|
| 7) | There is no unhedged foreign currency exposure. | There is no unhedged foreign currency exposure. |  |  |
| 8) | There is no unhedged foreign currency exposure. | There is no unhedged foreign currency exposure. |  |  |
| 9) | There is no unhedged foreign currency exposure | There is no unhedged foreign currency exposure |  |  |
| 10) | Ten largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign designation: | Ten largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign designation: | Ten largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign designation: | Ten largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign designation: |
|  | **Issuer** | **NAIC Designation** | **Amount** | **Percentage** |
|  | AVOLON HOLDINGS FND | 2 | $11521986  | 0.7% |
|  | ROBERT BOSCH FINANCE LLC | 1 | $8000000  | 0.5% |
|  | VOPAK NV | 2 | $7000000  | 0.4% |
|  | ELLEVIO | 2 | $6000000  | 0.3% |
|  | MACQUARIE AIRFINANCE HLD | 1 | $5498487  | 0.3% |
|  | ROLLS-ROYCE | 2 | $5250000  | 0.3% |
|  | BASF | 2 | $5000000  | 0.3% |
|  | AIRBUS SE | 1 | $5000000  | 0.3% |
|  | ROYAL BANK OF SCOTLAND INTERNATION | 1 | $5000000  | 0.3% |
|  | AURIZON NETWORK PTY LTD | 2 | $5000000  | 0.3% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | **Amount** | **Amount** | **Percentage** |
| 11) | Total admitted assets held in Canadian investments: | $| 40400048  | 2.3% |
| 12) | There were no assets held in investments with contractual sales restrictions that exceeded 2.5% of the Company's total admitted assets. | There were no assets held in investments with contractual sales restrictions that exceeded 2.5% of the Company's total admitted assets. | There were no assets held in investments with contractual sales restrictions that exceeded 2.5% of the Company's total admitted assets. | There were no assets held in investments with contractual sales restrictions that exceeded 2.5% of the Company's total admitted assets. |

---

13) There were no assets held in equity interests that exceeded 2.5% of the Company's total admitted assets.

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) There were no admitted assets held in mortgage loans.

17) There were no mortgage loan to value ratios as determined from the most current appraisal as of the annual statement date.

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 year end** | **At end of each quarter** | **At end of each quarter** | **At end of each quarter** |
|<br>**Agreement type** | **Amount** | **Percentage** | **1st Qtr** | **2nd Qtr** | **3rd Qtr** |
| Securities lending | $848652  | 0.0% | $5286076  | $3386722  | $2498771  |
| Repurchase |  | 0.0% |  |  |  |
| Reverse repurchase |  | 0.0% |  |  |  |
| Dollar repurchase |  | 0.0% |  |  |  |
| Dollar reverse repurchase |  | 0.0% |  |  |  |

---

21) There were no admitted assets for warrants not attached to other financial instruments, options, caps and floors.

22) There were no admitted assets subject to potential exposure for collars, swaps and forwards.

23) There were no admitted assets subject to potential exposure for futures contracts.

See accompanying independent auditors' report.

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**Schedule 3**

**JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK**

**Summary Investment Schedule**

**December 31, 2025**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Gross Investment Holdings** | **Gross Investment Holdings** | **Admitted Assets as Reported in the Annual Statement** | **Admitted Assets as Reported in the Annual Statement** | **Admitted Assets as Reported in the Annual Statement** | **Admitted Assets as Reported in the Annual Statement** | **Admitted Assets as Reported in the Annual Statement** |
|<br>**Investment Categories** | **Amount** | **Percentage** | **Amount** | | **Securities Lending Reinvested Collateral Amount** | **Total (Col. 3 + 4) Amount** | **Percentage** |
| Issuer credit obligations |  |  |  |  |  |  |  |
| U.S. government obligations | $7990958  | 0.465% | $7990958  | 7990958  | $—  | $7990958  | 0.465% |
| Non - U.S. government obligations | 1999035  | 0.116% | 1999035  | 1999035  | —  | 1999035 | 0.116% |
| Project finance bonds issued by operating entities | 11935328  | 0.695% | —  | 0  | —  |  | — % |
| Corporate bonds | 995058805  | 57.917% | 1006994133  | 1006994133  | —  | 1006994133 | 58.613% |
| Single entity backed obligations | 20122113  | 1.171% | 20122113  | 20122113  | —  | 20122113 | 1.171% |
| Bonds issued by funds representing operating entities | 77179065  | 4.492% | 77179065  | 77179065  | —  | 77179065 | 4.492% |
| Asset-backed securities |  |  |  |  |  |  |  |
| Financial asset-backed securities - self-liquidating | 263915112  | 15.361% | 258915112  |  | —  | 258915112  | 15.070% |
| Non-financial asset-backed securities | 124959289  | 7.273% | 129959289  |  | —  | 129959289  | 7.564% |
| Cash, cash equivalents and short-term investments |  |  |  |  |  |  |  |
| Cash | (19218731) | (1.119)% | (19218731) |  | —  | (19218731) | (1.119)% |
| Cash equivalents | 230628715  | 13.424% | 230628715  |  | 852292  | 231481007  | 13.473% |
| Contract loans | 530695  | 0.031% | 530695  |  | —  | 530695  | 0.031% |
| Other invested assets | 2001968  | 0.117% | 2001968  |  | —  | 2001968  | 0.117% |
| Receivables for securities | 122055  | 0.007% | 122055  |  | —  | 122055  | 0.007% |
| Securities Lending | 852292  | 0.050% | 852292  |  | —  | &nbsp;&nbsp;&nbsp;&nbsp; XXX | — % |
| Total | $1718076699  | 100.000% | $1718076699  | $ | $852292  | $1718076699  | 100.000% |

---

See accompanying independent auditors' report.

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**Schedule 4**

**JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK**

**Reinsurance Risk Interrogatories**

**December 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| 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? | 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? |  |
|  | 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? | 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? | No |
| 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? | 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? |  |
|  | 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? | 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: | Does the reporting entity have any reinsurance contracts that contain features described below which result in delays in payment in form or in fact: |  |
|  | Does the reporting entity have any reinsurance contracts that contain features described below which result in delays in payment in form or in fact: | 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? |  |
|  |  | 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? |  |
|  |  | 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. 61 for the following? | 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. 61 for the following? |  |
|  | 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. 61 for the following? | 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. 61 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: | 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: |  |
|  | 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: | 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 |

---

See accompanying independent auditors' report.

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