KINGSTON, Jamaica — JN Life Insurance Company Limited increased its share of Jamaica’s pensions market in 2025, driven by higher contributions to its individual retirement scheme, while maintaining growth across its other business lines despite disruptions caused by Hurricane Melissa late in the year.

The company recorded $89.7 million in pension contributions through the JN Individual Retirement Scheme in 2025, up from a previous record of $68 million set in 2023, according to Othneil Blagrove, chief of sales and marketing.

Blagrove said the increase represented more than 200 per cent growth in the company’s share of the local pensions market.

“2023 was the last time we set a record for pension contributions from our sales team, reaching $68 million through both transfers and regular enrolments. In 2025, that record was shattered, with contributions reaching a remarkable $89.7 million,” Blagrove said.

JN Life operates across three main segments — individual life, group life and pensions — and reported continued expansion across all three areas during the year, company executives said.

Seven JN Life agents qualified in 2025 for membership in the Million Dollar Round Table (MDRT), an international association for financial and insurance professionals whose membership is typically limited to the top six to 10 per cent of producers globally.

The qualifying agents — Jellena Sutherland, Winsome Atkinson, Deon Graveney, Shanalee Givans, Sanya Malcolm, Tiffany Lyn and Gayon Knight — are scheduled to attend the MDRT annual conference in Anaheim, California, in June 2026.

Executives said operations in the final quarter were affected by Hurricane Melissa, a late-season Category Five storm that disrupted economic activity across Jamaica.

Earl Jarrett, chief executive officer of The Jamaica National Group, said the organisation was continuing to pursue expansion of JN Life, including investments in digital technology aimed at transforming business operations.