ADDED
As of February 18, 2026, there were 70,681,886 shares of the registrant s Common Stock, $0.01 par value, outstanding.
The registrant's definitive 2026 proxy statement is expected to be filed on or about April 7, 2026.
Business Overview 4 Our Product Offerings by Segment 6 Distribution and Operations 9 Competition 11 Risk Management 11 Regulation 14 Corporate Responsibility 22 Human Capital Resources 23 Intellectual Property 25 Available Information 25 Information about our Executive Officers 26 Item 1A.
Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Executive Summary 46 Key Operating Measures 50 Macroeconomic, Industry and Regulatory Trends 54 Non-GAAP Financial Measures 57 Consolidated Results of Operations 62 Segment Results of Operations 64 Investments 70 Policy and Contract Liabilities 76 Liquidity and Capital Resources 79 Impact of Recent Accounting Pronouncements 85 Critical Accounting Estimates 86 Item 7A.
Form 10-K Summary 213 SIGNATURES Signatures 214 Principal Definitions, Abbreviations, and Acronyms Used in the Text and Notes of this Form 10-K we, us, our and the Company Jackson Financial Inc.
Deferred tax asset or Deferred tax liability Asset or liability that is recorded for the difference between financial reporting, or book basis, and the tax basis of an asset or a liability Fixed Annuity An annuity that guarantees a set annual rate of return with interest at rates we determine, subject to specified minimums.
Net flows do not include investment performance, interest credited to customer accounts, and policy charges RBC ("Risk-based capital") Statutory minimum level of capital that is required by regulators for an insurer to support its operations RBC ratio The ratio of statutory total adjusted capital to company action level required capital.
Securities and Exchange Commission (the "SEC") on February 24, 2026, and elsewhere in Jackson Financial Inc.
Certain financial data included in this Form 10-K consists of non-GAAP (Generally Accepted Accounting Principles) financial measures.
These non-GAAP financial measures may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with U.S.
REMOVED
As of February 18, 2025, there were 72,646,287 shares of the registrant s Common Stock, $0.01 par value, outstanding.
The registrant's definitive 2025 proxy statement is expected to be filed on or about April 8, 2025.
Business Overview 4 Our Product Offerings by Segment 5 Distribution and Operations 8 Competition 10 Risk Management 10 Regulation 12 Corporate Responsibility 21 Human Capital Resources 22 Intellectual Property 24 Available Information 24 Information about our Executive Officers 25 Item 1A.
Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Executive Summary 46 Key Operating Measures 49 Macroeconomic, Industry and Regulatory Trends 53 Non-GAAP Financial Measures 55 Consolidated Results of Operations 60 Segment Results of Operations 62 Investments 67 Policy and Contract Liabilities 73 Liquidity and Capital Resources 76 Impact of Recent Accounting Pronouncements 83 Critical Accounting Estimates 83 Item 7A.
Form 10-K Summary 208 SIGNATURES Signatures 209 Principal Definitions, Abbreviations, and Acronyms Used in the Text and Notes of this Report we, us, our and the Company Jackson Financial Inc.
as a corporate entity (which we refer to as "JFI" or "Jackson Financial") Jackson Jackson National Life Insurance Company, our primary operating subsidiary Brooke Life Brooke Life Insurance Company, our subsidiary and the direct parent company of Jackson and Brooke Re.
Brooke Re Brooke Life Reinsurance Company, a direct subsidiary of Brooke Life, and a Michigan-based captive reinsurer.
Jackson Finance Jackson Finance, LLC, our subsidiary PPMH PPM Holdings, Inc., our subsidiary PPM PPM America, Inc., a subsidiary of PPMH ACL Allowance for credit loss Account value ("AV") or account balance The amount of money in a customer s account.
Athene Reinsurance Transaction The funds withheld coinsurance agreement with Athene, entered on June 18, 2020, and effective June 1, 2020, to reinsure a 100% quota share of a block of our in-force fixed and fixed index annuity liabilities in exchange for approximately $1.2 billion in ceding commissions.
AUM ("Assets under management") Investment assets that are managed by our subsidiaries and includes: (i) assets managed by PPM, including our investment portfolio (but excluding assets held in funds withheld accounts for reinsurance transactions), (ii) third-party assets (including those owned by our former parent and its affiliates), and (iii) the separate account assets of our retail annuities managed and administered by JNAM.