Jackson Names Lin Sun Chief Actuary

Jackson Financial Inc.¹ (NYSE: JXN) (Jackson) announced today that Lin Sun has been named Senior Vice President and Chief Actuary. Sun joins the company with broad financial industry knowledge and extensive actuarial expertise. In this role, she has oversight of the organization’s Actuarial department, with responsibility for valuation, pricing and other actuarial functions. Sun succeeds Steve Binioris, who was recently appointed to serve as the company’s Executive Vice President and Chief Risk Officer. She assumed the role on June 16 and reports to Don Cummings, Executive Vice President and Chief Financial Officer of Jackson.

“Our team is delighted to welcome Lin to Jackson,” said Cummings. “She understands our culture and our disciplined and balanced approach to capital management, having served as an external advisor in recent years. Her depth and breadth of experience complements our highly-skilled Actuarial team and will be invaluable to our organization as we execute on our long-term strategy.”

“Jackson is an established and trusted leader in the industry, with an innovative suite of products and a proven track record of financial strength and stability,” Sun said. “I am proud to join the company and look forward to working alongside this tenured team as we achieve new milestones together and help more people plan for and secure a meaningful retirement.”

Sun has nearly 20 years of experience in finance, insurance and actuarial consulting. Most recently, she served as Principal and Equity Partner with the actuarial and consulting firm, Milliman. During her tenure with Milliman, she advised business leaders and Boards of Directors on strategic initiatives, key actuarial topics and balance sheet management. She led actuarial due diligence for several high-profile transactions in the insurance industry over the last decade. Prior to Milliman, Sun was an Actuarial Consultant at Ernst & Young. Sun earned a bachelor of mathematics degree from the University of Waterloo, a master’s in business administration from the University of Chicago and is a Fellow of the Society of Actuaries.

ABOUT JACKSON

Jackson (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.