Jackson Financial (JXN) Investor presentation summary

Company overview and business strategy

• Leading U.S. annuity provider with a broad product suite, strong brand, and scalable operations.

• Focused on secure retirement solutions, leveraging deep product expertise and robust distribution partnerships.

• Strategic expansion into RILA, defined contribution, and partnerships with firms like TPG and AllianceBernstein.

• Asset management arm, PPM America, manages $95B, supporting both Jackson and third-party clients.

• Disciplined risk management and efficient hedging frameworks underpin product and capital strategies.

Financial performance and capital allocation

• 2025 retail annuity sales reached $19.7B, AUM at $351B, and free capital generation at $1.4B.

• Returned $862M to shareholders in 2025, exceeding capital return targets.

• 1Q26 adjusted operating earnings were $361M, with adjusted book value per share at $145.35.

• Cumulative capital return since demerger is nearly $3B, with 36% of shares repurchased.

• 2026 capital return target set at $900M–$1.1B, with a 12.5% dividend increase over 2025.

Product and sales diversification

• Rapid growth in RILA, now a top 5 provider, with RILA AUM surpassing $10B.

• Product mix has shifted, with RILA and fixed annuities gaining share versus traditional variable annuities.

• RILA complements existing offerings, providing hedge benefits and supporting sales diversification.