Jackson Financial
22 named things its latest annual report says its results depend on, each in the company's own words. 13 of them are also named by other companies we've read.
Customers
Prudential plc
earns from · $29.8 billion or 32% of PPM’s total assets under managementnamed as a riskOur former parent, Prudential plc, and its affiliates are significant clients of PPM, representing $29.8 billion or 32% of PPM’s total assets under management.Risk factors (Item 1A)
Partners and platforms
Third-party broker-dealer distribution partners
earns from · approximately 500 broker-dealer distribution partnersnamed as a riskWe could experience difficulties in distributing our products through third-party distribution partners, which are a primary source of our sales.Risk factors (Item 1A)
AllianceBernstein L.P.
earns from · $212 millionFor the years ended December 31, 2025 and 2024, we had defined contribution products sales of $212 million and $189 million through the platform, respectively.Business (Item 1)
Athene
depends onnamed as a riskOur reinsurance agreement with Athene involves the majority of our in force fixed annuities and fixed index annuities, thereby exposing us to a large concentration of credit risk with respect to a single counterparty.Risk factors (Item 1A)
Also named by APO
Federal Home Loan Bank of Indianapolis (FHLBI)
depends onnamed as a riskWe are subject to liquidity risks associated with sourcing a large concentration of our funding from the Federal Home Loan Bank of Indianapolis (“FHLBI”).Risk factors (Item 1A)
Other companies
S&P 500
exposed to its pricenamed as a riskOur fixed index annuities offer a guaranteed minimum crediting rate that may be lower than a traditional fixed annuity and allow the customer discretion in the allocation of assets to either fixed accounts (which offer a fixed interest rate that is similar to our fixed annuities regardless of market performance) or to indexed funds with the potential for additional growth based on the performance of a reference market index (generally, the S&P 500 or MSCI Europe, Australasia, and Far East index), subject to a cap.Business (Item 1)
Places
Commodities and inputs
Equity markets
exposed to its price · 74% of total variable annuity account value included either a GMWB for Life or GMWB selectionnamed as a riskAs of December 31, 2025, 74% of total variable annuity account value included either a GMWB for Life or GMWB selection.Market risk (Item 7A)
Regulators
Commodity Futures Trading Commission (CFTC)
subject tonamed as a riskJNAM and the mutual funds have incurred additional regulatory compliance and reporting expenses as a result, which could reduce investment returns or harm the mutual fund’s ability to implement its investment strategy.Business (Item 1)
Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more
Financial Stability Oversight Council (FSOC)
subject tonamed as a riskThe impact of this change could increase the chance that the Company becomes subject to additional regulatory measures.Business (Item 1)
FINRA
subject toIn recent years, both the SEC and FINRA have intensified their scrutiny of sales practices relating to variable annuities and variable life insurance.Business (Item 1)
Also named by AJG, ARES, BGC, CBOE, CG, GLXY, KKR, LNC and 7 more
New York Department of Financial Services (NYS-DFS)
subject toThe most recent completed DIFS and NYS-DFS examinations of Jackson and Jackson National Life Insurance Company of New York ("Jackson NY"), respectively, concluded in 2023 with no material findings.Business (Item 1)
Michigan Department of Insurance and Financial Services (DIFS)
subject toFor example, under the Michigan Insurance Code of 1956, as amended, DIFS must approve insurance companies' requests to pay a dividend or distribution out of earned surplus.Business (Item 1)
Laws and programs
Inflation Reduction Act corporate alternative minimum tax (CAMT)
subject to · 15 percentnamed as a riskThe Company is a large applicable corporation and has been subject to the CAMT since 2023.Risk factors (Item 1A)
Also named by EXE, HESM, KLAC, NRG, Q, RRC, SO, TRGP and 2 more
National Association of Insurance Commissioners (NAIC) risk-based capital standards
subject to · 567%named as a riskNAIC model regulations provide minimum capitalization requirements for insurance companies based on RBC formulas.Risk factors (Item 1A)
California Consumer Privacy Act (CCPA)
subject tonamed as a riskFailure to comply with the CCPA could result in regulatory fines, and the law grants a private right of action for any unauthorized disclosure of personal information as a result of failure to maintain reasonable security procedures.Business (Item 1)
Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more
Investment Company Act of 1940
subject tonamed as a riskAlso, as required by the Investment Company Act of 1940, as amended (the “IC Act”), each investment advisory agreement with a RIC automatically terminates upon its assignment, although new investment advisory agreements may be approved by the RIC’s Board of Trustees and shareholders.Risk factors (Item 1A)
Also named by ABR, AMG, AMP, ARCC, ARES, BAM, BCSF, BEN and 28 more
Dodd-Frank Act Title VII
subject tonamed as a riskAs a result of these regulations, we expect costs to continue to rise, which could adversely impact our ability to implement our desired hedging strategies.Business (Item 1)
Also named by TW
NAIC statutory economic scenario generator
subject tonamed as a riskThose revisions took effect on January 1, 2026, and could result in a material impact on the level and volatility of our statutory surplus and required statutory capital.Risk factors (Item 1A)
U.S. Department of Labor 2024 Fiduciary Advice Rule
subject tonamed as a riskThe rule changes the applicability of PTE 84-24 specific to insurance commissions for annuity recommendations by narrowing it to independent insurance agents recommending non-securities products.Business (Item 1)
Internal Revenue Code annuity tax deferral
subject tonamed as a riskIf legislation were enacted to reduce or eliminate the tax deferral for annuities, such a change would have an adverse effect on our ability to sell our annuities.Risk factors (Item 1A)
SEC Regulation Best Interest
subject toThe reforms increase the regulatory burden on broker-dealers selling our products, but also provide a more consistent regulatory standard that could provide benefits to the overall insurance and investment market.Business (Item 1)