Jackson Names Axel André Chief Financial Officer

Current Jackson CFO, Chad Myers, moves into newly created Vice Chair role

LANSING, Mich.--(BUSINESS WIRE)--Jackson National Life Insurance Company^® (Jackson^®) today announced that Axel André has been named Executive Vice President and Chief Financial Officer of Jackson. André most recently served as Chief Financial Officer of Individual Retirement at AIG. He will be based in the company’s Lansing, Michigan office and will assume his new role effective Feb. 24, 2020.

André joined AIG in 2013 and initially served as Chief Risk Officer for Individual Retirement, Group Retirement, and Institutional Markets. He was promoted to Chief Financial Officer of Individual Retirement at AIG in 2018, where he was responsible for overseeing all aspects of the finance and actuarial value chain for the Individual Retirement business, including hedging, performance measurement and reporting, financial reporting, and capital management. Prior to his time at AIG, André served in a variety of leadership roles on the Global Insurance Strategies team at Goldman Sachs.

“I am delighted to welcome Axel to the Jackson team,” said Michael Falcon, Chief Executive Officer, Jackson Holdings, LLC. “Axel has a proven track record as a strong leader as well as a fiduciary and risk management mindset that reflects our core Jackson values. His broad experience across products, markets and competitors is an outstanding complement to our already strong capabilities, as we continue to position ourselves for future growth.”

“I look forward to joining the Jackson team,” André added. “I have always had a great appreciation for the team’s consistent track record of success through the years and am excited to build upon that success as we continue to serve the needs of American retirees.”

André’s arrival coincides with the announcement that current Jackson CFO, Chad Myers, will be moving into the newly created role of Vice Chair of Jackson Holdings, LLC. In this new role, Myers will have direct responsibility for the Jackson asset management and institutional product teams, while continuing to report to Michael Falcon.

“This expansion of our leadership team and broadening of our capabilities are aligned to Jackson’s future development, including through the development of new products and distribution,” Falcon said. “Chad’s leadership and financial stewardship are reflected in Jackson’s strong business performance in his past nine years as CFO. I look forward to continuing to work with him through this transition and in his new role as Vice Chair, where he can bring his insight, skill and creativity to bear to further support our strategic initiatives and growth.”

About Jackson

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 $281.5 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.

*Jackson has $281.5 billion in total IFRS assets and $265.7 billion in IFRS policy liabilities set aside to pay primarily future policyowner benefits (as of June 30, 2019). International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards for reporting financial information. IFRS is issued by the International Accounting Standards Board in an effort to increase global comparability of financial statements and results. IFRS is used by Jackson's parent company.

Jackson is an indirect subsidiary of Prudential plc, an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers (as of June 30, 2019) and is listed on stock exchanges in London, Hong Kong, Singapore and New York. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

This press release may contain certain statements that constitute "forward-looking statements." Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. However, as with any projection or forecast, forward-looking statements are inherently susceptible to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. There can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. Any forward-looking statements reflect Jackson's views and assumptions as of the date of this press release and Jackson disclaims any obligation to update forward-looking information.

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