Jackson Financial Inc. announced a leadership succession plan effective October 1, 2026. Current President and CEO Laura L. Prieskorn will retire from her roles and the Board of Directors on September 30, 2026, transitioning to an advisory position through year-end. Don W. Cummings, the current CFO, will succeed Prieskorn as President, CEO, and a director. Brian M. Walta will succeed Cummings as Executive Vice President and CFO. The company detailed new compensation packages for both executives, including base salaries of $1,050,000 for Cummings and $600,000 for Walta. Jackson Financial Inc. is a financial services company specializing in retirement planning and annuity products.

Jackson Financial Inc. entered into a $1.25 billion revolving credit agreement with a syndicate of banks, with Wells Fargo Bank, National Association, as Administrative Agent. The agreement includes a $500 million sub-limit for letters of credit and allows for an additional $500 million in commitments. Interest rates are based on a Base Rate or a Term SOFR Rate plus a margin of 1.125% to 1.875% for Term SOFR or 0.125% to 0.875% for the Base Rate. The agreement terminates on June 30, 2031, and replaces the 2023 credit agreement. Jackson Financial Inc. operates in the financial services industry, providing life insurance and annuity products.

Gregory T. Durant has resigned from the Board of Directors of Jackson Financial Inc. effective immediately on June 22, 2026, citing health reasons. He was serving as chair of the Audit Committee and a member of the Compensation Committee. Steven A. Kandarian, the current Board Chair, will replace him as Audit Committee Chair. Jackson Financial Inc. operates in the financial services industry and provides life insurance and annuity products.

Jackson Financial Inc. issued $750 million in 6.150% Senior Notes due 2037, which mature on January 15, 2037. The notes are unsecured and pay interest semi-annually on January 15 and July 15, with the first payment commencing July 15, 2026. Net proceeds are expected to be used for general corporate purposes, including the potential repayment of $400 million in 5.170% Senior Notes due 2027 and $250 million in surplus notes due 2027. Jackson Financial Inc. operates in the financial services industry, providing life insurance and retirement services.