Jackson Financial (JXN) Partnership summary

Opening remarks and agenda

• The call opened with introductions, a review of the agenda, and strategic announcements, emphasizing a long-term partnership for future growth and stakeholder value.

• Leadership highlighted forward-looking statements subject to risks and uncertainties and a shared commitment to client-centric, collaborative approaches.

Objectives of the partnership

• The partnership with TPG aims to accelerate growth, expand spread-based product sales, and enhance investment management capabilities.

• The creation of Hickory Brook Reinsurance Company enables more capital-efficient fixed and fixed index annuity offerings and innovative insurance solutions.

• The partnership seeks to diversify earnings, promote capital stability, and drive long-term stakeholder value.

Partner introductions and roles

• TPG, a global alternative asset manager with $286B AUM, brings private equity, credit, real estate, and direct lending expertise.

• PPM America and Jackson's internal teams will continue to manage the broader investment portfolio, with PPM overseeing the majority of general account assets.

• Key executives from Jackson, PPM America, and both partners participated in the call.