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Jackson Announces Completion of $500 Million Equity Investment From Athene

Jackson Announces Completion of $500 Million Equity Investment From Athene

07/17/20, 1:46 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglansing
Money raised
$500 million
Jackson National Life Insurance Company® (Jackson®) today announced the completion of a $500 million equity investment from Athene Holding Ltd. (Athene) (NYSE: ATH) in return for a 9.9 percent voting interest corresponding to a 11.1 percent economic interest in Jackson.

Company Info

Company
Jackson
Location
lansing, michigan, united states
Additional Info
Jackson is a leading provider of retirement products for industry professionals and their clients. The company and its affiliates offer variable, fixed and fixed index annuities designed for tax-efficient growth and distribution of retirement income for retail customers, as well as products for institutional investors. Jackson is a proud founding member and co-chair of the Alliance for Lifetime Income, a nonprofit 501(c)(6) organization formed and supported by 24 of the nation’s financial services organizations to create awareness and educate Americans about the importance of protected lifetime income. With $297.6 billion in IFRS assets*, the company prides itself on sound corporate risk management practices and strategic technology initiatives. Focused on thought leadership and education, Jackson provides industry insights and financial representative training on retirement planning and alternative investment strategies. The company is also dedicated to corporate philanthropy and supports nonprofits focused on strengthening families and creating economic opportunities in the communities where its employees live and work. For more information, visit www.jackson.com.