Laura L. Prieskorn

Chief Executive Officer and President at Jackson Financial

Board

Since 2021

Age

56 years

Education

Holds a Bachelor of Business Administration degree in Business Administration from Central Michigan University.

Tenure

Has served at JXN since 1991, starting in various roles, then as Senior Vice President and Chief Administration Officer (2009-2019), followed by Chief Operating Officer (2019-2021), and ultimately promoted to Chief Executive Officer and President in 2021.

Also at Jackson Financial

Craig Anderson

Senior Vice President and Controller

DWC

Don W. Cummings

Executive Vice President and Chief Financial Officer

About

Laura L. Prieskorn is 56 years old and began her journey with a strong educational foundation, earning a Bachelor of Business Administration degree from Central Michigan University. Her early academic accomplishments laid the groundwork for a long and impactful career in the financial services industry.

Starting in 1991, her career at JXN has seen significant growth and evolution. Over the years, she has taken on multiple critical roles such as Senior Vice President, Chief Administration Officer (2009-2019), and Chief Operating Officer (2019-2021), before stepping into her current role as Chief Executive Officer and President in 2021. This progression highlights her deep expertise and commitment to strategic leadership.

Beyond her executive duties, her industry engagement extends to serving on the board of the American Council of Life Insurers since 2021, reinforcing her influence across the financial and insurance sectors. Her professional journey exemplifies a steadfast dedication to operational excellence and governance, making her a pivotal figure at JXN.

$JXN Performance Under Laura L. Prieskorn

Past Roles

Organization	Role	Date Range	Details
Jackson Financial Inc.	Chief Operating Officer	2019 to 2021	Held prior to her current role as CEO
Jackson Financial Inc.	Senior Vice President, Chief Administration Officer	2009 to 2019	Former senior leadership role
Jackson Financial Inc.	Various positions	1991 to 2009	Early career roles over 30 years at the company

External Roles

Organization	Role	Date Range	Details
American Council of Life Insurers	Board Member	2021 to present	Active position outside JXN

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,000,000	Annual	Annualized base salary approved by the Compensation Committee as of December 31, 2023.
401(k) Company Contribution	$39,600	Annual	Company's contribution to her 401(k) plan.
Perquisites	$103,510	As incurred/Annual	Breakdown: Personal use of corporate aircraft $85,263, Financial Planning/Tax Preparation $15,000, Executive Physicals $3,247.

Performance Compensation

Data from FY 2023

Annual Bonus (Short-Term Incentive Program)

Performance Metric	Weight (%)	Threshold	Target	Maximum	Performance Outcome	Payout (%)	Weighted Payout (%)
Pretax Adjusted Operating Earnings	60	$924M	$1,155M	$1,386M	$1,238M	135.9%	81.5%
Controllable Costs	20	$837M	$761M	$685M	$714M	161.8%	32.4%
Key Strategic Objectives	20	N/A	N/A	N/A	Above Target	144.4%	28.9%
Cumulative Payout	N/A	N/A	N/A	N/A	N/A	142.8%	N/A

Bonus Details :

Target Bonus: $2,000,000 (200% of Base Salary).
Approved Payout Percentage: 175.0% leading to an Actual Bonus Amount of $3,500,000.
Conditions: Must remain employed through the payment date, except in cases of termination due to death, disability, or qualifying retirement.

Performance Stock Units (PSUs)

Performance Measure	Weight / Details	Threshold	Target	Maximum
Generation of Net Cash Flow Available to JFI	60%	$2,949M	$4,449M	$5,949M
Adjusted Operating ROE	40%	12.0%	15.0%	18.0%

Additional PSUs Details :

Grant Date: March 10, 2023.
Grant Date Fair Value: $43.90 per PSU.
Grant Date Stock Price: $40.02.
Number of PSUs Granted: 89,717 shares.
Vesting Schedule: Vest on March 10, 2026, after the completion of the performance period from January 1, 2023, to December 31, 2025.
rTSR Modifier: Top Quartile: 120%, 2nd/3rd Quartiles: 100%, Bottom Quartile: 80%.
Maximum Value at Highest Performance: $7,877,152.