---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-126174"
form_type: "8-K"
ticker: "JXN"
cik: "0001822993"
company_name: "Jackson Financial Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T12:03:48.682742+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jackson Financial receives Michigan regulator approval to form captive reinsurer Brooke Re

## Summary
- Michigan DIFS initial approval Dec 14, 2023; funding expected in January 2024 with permanent approval thereafter.
- Reinsurance cession of variable annuity market risk benefits effective Jan 1, 2024, closing Q1 2024.
- 100% coinsurance with funds withheld; Jackson retains base contract, investment management, and hedging programs.
- Transaction expected to mitigate cash surrender value floor impact on statutory capital and RBC ratio.
- No impact on holding company cash; RBC ratio targeted 425-500%; details at Feb 2024 earnings call.

## SEC filing metadata
- accession: 0001104659-23-126174
- form_type: 8-K
- ticker: JXN
- cik: 0001822993
- company_name: Jackson Financial Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822993/000110465923126174/0001104659-23-126174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822993/000110465923126174/tm2332652d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-126174
- JSON: https://secwatch.observer/filing/0001104659-23-126174.json
- Plain text: https://secwatch.observer/filing/0001104659-23-126174.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.