Jackson Financial Inc. · NYSE:JXN
Jackson Financial — Investor Presentation (January 2026)
12 slides from Jackson Financial's investor presentation, Jan 6, 2026
Slide 1: Strategic Update January 2026
Strategic Update January 2026
Slide 2: Forward-looking statements
The information in this document contains forward - looking statements about future events and circumstances and their effects upo n revenues, expenses and business opportunities. Generally speaking, any statement in this document not based upon historical fact is a forward - looking statement. Forw
Slide 3: Jackson's Strategy to Drive Step Change in Growth
3 Jackson’s Strategy to Drive Step Change in Growth Focused & disciplined framework built on core strengths & capabilities Leverage strengths across organic & inorganic opportunities… …To drive meaningful value creation for all stakeholders Deep product expertise Broad, strong distribution relations
Slide 4: Two Transformative Actions Mark Next Step in Jackson's Evolution
4 Two Transformative Actions Mark Next Step in Jackson’s Evolution 1) Hickory Re stands for Hickory Brooke Reinsurance Company, Jackson’s new Michigan - based captive reinsurer 2) Includes $500M in cash from TPG’s common equity investment in JFI and an additional $150M in cash from JFI Formation of
Slide 5: Accelerating Execution of Our Strategy
Accelerating Execution of Our Strategy 5 TPG partnership strengthens competitive position via additional opportunities for enhanced investment returns Provides capital to efficiently support accelerated spread - based sales Enhances diversification, profitability, capital generation and capital retu
Slide 6: TPG is a Leading, Global Alternative Asset Management Firm with $286B of AUM
TPG is a Leading, Global Alternative Asset Management Firm with $286B of AUM 6 Note: TPG AUM as of September 30, 2025 Diversified solutions across private markets asset classes $87B AUM Large scale, control / co - control, and thematic investments $ 31 B AUM Flexible investing platform focused on ra
Slide 7: Attractive Strategic Partnership
Attractive Strategic Partnership 7 TPG Equity Investment in Jackson ▪ TPG to acquire ~6.5% common equity stake in JFI at $106.03 per share for total consideration of $500M at close 1 ▪ Lock - up and standstill restrictions ̶ Ability to realize gains above initial $500M investment after 2 years ̶ Suc
Slide 8: Innovative Onshore Spread-Focused Captive
Innovative Onshore Spread - Focused Captive 8 1) Simplified legal entity structure Brooke Life Reinsurance Company (Brooke Re) Jackson Financial Inc. (JFI) 1 Brooke Life Insurance Company (BLIC) Jackson National Life Insurance Company (JNL) Hickory Brooke Reinsurance Company (Hickory Re) Structure S
Slide 9: Multiple Streams of Capital Generation and Cash Flows
Multiple Streams of Capital Generation and Cash Flows 9 Strategic partnership with TPG and formation of Hickory Re allows for growth in spread - based products while improving overall capital generation and accelerating free cash flows Jackson Financial Inc. ▪ VA base contract fees net of expenses a
Slide 10: Compelling Strategic and Financial Profile
10 Compelling Strategic and Financial Profile 1) A reconciliation to the most comparable GAAP measure of net income per share has been omitted as it would require unreasonabl e e ffort 2) A reconciliation to the most comparable GAAP metric of net cash provided by operating activities (Parent Company
Slide 11: 4Q25 Results Update
4Q25 Results Update 11 ▪ Overall impact to consolidated after - tax net income less negative vs. 2024 ▪ Expected after - tax impact to Brooke Re equity of ~$(350) million – Largely reflects increased reserves from updated policyholder assumptions such as lapses – Increased reserves partially offset
Slide 12: Continuing to Create Long-Term Stakeholder Value
Continuing to Create Long - Term Stakeholder Value 12 Sep. 2021 Demerger 3Q 2025 Results Est. RBC: 579% Leverage: 18.8% HoldCo liquidity: >$750M Cumulative capital return: $2.5B 2 Jan. 2024 Established Brooke Re Oct. 2021 First RILA launched Sep. 2023 RILA AUM surpasses $10B 1) Market capitalization
Jackson Financial — Investor Presentation (January 2026) on 6ix