Jackson Financial rises after TPG invests $500 million
ReutersJan 6, 2026 11:55 AM
Jackson Financial JXN.N shares up 2% at $111.98 premarket
Co announces long-term strategic partnership with asset management firm TPG TPG.O
TPG to invest $500 mln for nearly 6.5% stake in Jackson; deal includes issuance of 4.7 mln JXN shares at $106.03 each and $150 mln in TPG stock to Jackson
Partnership aims to combine Jackson’s annuity expertise with TPG’s private credit platform to boost spread-based product sales and enhance profitability
Transaction expected to close in Q1 2026
JXN up 22.7% over the past year
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