Jackson Financial (JXN) Proxy filing summary

Executive summary

• Achieved or exceeded all 2025 key financial targets, including capital return, liquidity, and risk-based capital ratio, with total shareholder return in the top quartile among peers.

• Retail annuity sales reached $19.7 billion, up 10% from 2024, with improved business mix and strong capital generation.

• Returned $862 million to shareholders in 2025, including $634 million in share repurchases, and increased quarterly dividend by 12.5% to $0.90 per share in February 2026.

• Formed a strategic partnership with TPG Inc. and established Hickory Brooke Reinsurance Company to support growth and diversify business.

• Board hosted a three-day strategy session in June 2025 to review operations and future opportunities.

Voting matters and shareholder proposals

• Election of nine directors for a one-year term, with all nominees recommended by the Board.

• Ratification of KPMG LLP as independent auditor for 2026.

• Advisory vote to approve executive compensation (say-on-pay).

• No other shareholder proposals or business noted as of the proxy statement date.

Board of directors and corporate governance

• Board consists of nine members, eight of whom are independent; average tenure is 4.7 years and average age is 65.8.

• Board committees (Audit, Compensation, Finance and Risk, Nominating and Governance) are fully independent.

• Annual board and committee evaluations, mandatory retirement age, and limits on outside board service.

• Shareholder rights include annual director elections by majority vote, one vote per share, right to call special meetings, and no poison pill.

• Board refreshment and ongoing director education emphasized.