Point algebras introduced by Evans are algebraic systems which capture the essence of multiplications (a,b) · (c,d)=(p,q) defined on the set of all ordered pairs of elements of a set S, where p and q are selected from among a,b,c,d by some well-defined rule. In 1961, Jonsson and Tarski gave an interesting example of a variety of algebras of type 〈2,1,1〉 for illustrating the failure of certain free algebra properties. In this paper, we show that this equational class of algebras, called the JT-variety, is a universal variety of point algebras in the sense that every variety generated by a point algebra is a reduct of the JT-variety.