Jackson National Life Insurance Company has received a $500 million equity investment from Athene Holding.
The deal sees Athene receive a 9.9% voting interest corresponding to a 11.1% economic interest in Jackson.
“Athene’s investment in Jackson further strengthens our capital position, as we deliver on our long-term strategic objectives,” said Michael Falcon, Chief Executive Officer of Jackson Holdings LLC.
“We look forward to working with Athene as an important investor and remain committed to helping American savers achieve financial freedom for life.”
