Jackson Financial Inc. · NYSE:JXN
Jackson Financial — Investor Presentation (May 2025)
18 slides from Jackson Financial's investor presentation, May 2025
Slide 1: The Jackson Difference Investor Presentation
The Jackson Difference Investor Presentation May 2025
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures 2 The information in this document contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this document not based upon histor
Slide 3: Jackson Financial
Jackson Financial 3 Creating solutions for a more secure retirement Jackson is an established leading U.S. annuity writer. Our differentiated products, established brand, strong distribution partnerships, and efficient and scalable operating platform position the company for future profitable growth
Slide 4: A Targeted Business Strategy
A Targeted Business Strategy 4 Unique and broad annuity offerings with select complimentary businesses Retail Annuities Institutional Closed Block Includes guaranteed Primarily composed of Registered Index- Fixed & Fixed Index investment contracts blocks of insurance products Variable Annuities Link
Slide 5: Proven Execution and Profitability
Proven Execution and Profitability 5 A focus on sustainable capital generation Competitive Core Competencies Track Record of Operating Success Compelling Future Capital Return • Competitive product design • Market leader in the annuity space • Consistent capital generation • Broad distribution netwo
Slide 6: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results 6 Key Highlights ($35M) ($0.48) $376M $5.10 GAAP Earnings GAAP Earnings per Non-GAAP Earnings Non-GAAP Earnings Net loss attributable to Share Adjusted Operating per Share Jackson Financial Inc. (JFI) Net income per common Earnings1 Adjusted Operating Earnings co
Slide 7: Hedging Philosophy
Hedging Philosophy 7 Well-designed variable annuity book combined with growing RILA book drives a differentiated approach to hedging • Balanced hedging approach that protects against adverse market events while stabilizing statutory distributable earnings throughout market cycles • Hedging position
Slide 8: Transparent Capital Generation and Free Cash Flow
Transparent Capital Generation and Free Cash Flow 8 Capital Generation Provides Foundation for New Free Cash Flow3 at Holding Company Allows for Capital Return to Common Shareholders is Business Growth and Distributions to Holding Financial Flexibility and Long-Term Value Creation Balanced and Consi
Slide 9: On Track to Deliver on 2025 Financial Targets
On Track to Deliver on 2025 Financial Targets 9 Targets Progress Capital Return $700-$800 million capital In the first three months of 2025, returned $231 million of capital to return to common common shareholders shareholders Holdco Liquidity Holding company cash and highly liquid securities of mor
Slide 10: Consistent Capital Delivery
Consistent Capital Delivery 10 Cumulative capital return to common shareholders Capital return since becoming a standalone company Highlights • Jackson Financial Inc. (JFI) has returned more than $2 $2.1B billion to common shareholders since becoming a standalone public company • JFI has repurchased
Slide 11: Robust Holding Company Liquidity
Robust Holding Company Liquidity 11 1Q25 Highlights • JNLIC generated $441 million of capital1 leading to free cash flow2 of $213 million • Brooke Re remains well capitalized and hedging performed as expected but is not anticipated to generate free cash flow in the near term • Holding company cash a
Slide 12: Resilient Capitalization
Resilient Capitalization 12 Capital and Cash Return History RBC Ratio1 History JNLIC Remittances2 • Jackson prioritizes balance sheet strength ($ millions) • Strong capital generation has allowed JNLIC to consistently pay remittances to its parent 624% since becoming a publicly traded company Est. 5
Slide 13: Statutory Investment Portfolio
Statutory1 – Investment Portfolio 13 March 31, 2025 Investment Portfolio Classification Key Highlights Limited partnerships 3% Other invested assets <1% • Market/book ratio of the fixed maturity portfolio is 0.95 U.S government securities 9% Derivatives <1% Policy loans 2% Other government securitie
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures 14 In addition to presenting our results of operations and financial condition in accordance with U.S. GAAP, we use and report selected non-GAAP financial measures. Management believes that the use of these non-GAAP financial measures, together with relevant U.S. GAAP fin
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures 15 Adjusted Book Value Attributable to Common Shareholders Adjusted Book Value Attributable to Common Shareholders excludes Preferred Stock and Accumulated Other Comprehensive Income (Loss) (AOCI) attributable to Jackson Financial Inc. (JFI), which does not include AOCI a
Slide 16: Adjusted Operating Earnings Reconciliation
Adjusted Operating Earnings Reconciliation 16 $ millions, except effective tax rate For the Three Months Ended 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 Net Income (Loss) Attributable to Jackson Financial Inc. Common Shareholders 784 264 (480) 334 (35) Add: dividends on preferred stock 11 11 11 11 11
Slide 17: Select U.S. GAAP to Non-GAAP Reconciliation
Select U.S. GAAP to Non-GAAP Reconciliation 17 $ millions, except per share and shares outstanding data For the Three Months Ended 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 Net Income (Loss) 802 282 (466) 358 (18) Income attributable to non-controlling interest 7 7 3 13 6 Net Income (Loss) Attributab
Slide 18: Select U.S. GAAP to Non-GAAP Reconciliation
Select U.S. GAAP to Non-GAAP Reconciliation 18 $ millions For the Three Months Ended 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 Jackson Financial Inc. Net Cash Provided by Operating Activities (Parent Company Only) (U.S. GAAP) 31 (10) 34 (4) 29 Adjustments from Net Cash Provided by Operating Activitie