secwatch.observer — SEC 8-K summary
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Issuer:     Jackson Financial Inc. (JXN)
CIK:        0001822993
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001822993-23-000014
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jackson Financial adopts LDTI accounting; recasts 2021-2022 financials with equity impacts
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- Equity decreased $3.0B at Jan 1, 2021 transition; increased $223M at Dec 31, 2022 due to higher rates.
- Adjusted book value fell ~$1.9B at Dec 31, 2022; leverage ratio rises to 21%.
- Net income increased $489M for 2022 and $234M for 2021 under LDTI; no change to hedging strategy.
- No impact on statutory capital or shareholder returns; go-forward DAC amortization modestly higher.
- Enhanced disclosures now include disaggregated rollforwards and updates to liability assumptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822993/000182299323000014/0001822993-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822993/000182299323000014/jxn-20230322.htm
  HTML page:      https://secwatch.observer/filing/0001822993-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer