Jackson Financial Inc.

To identify the median employee, we took the following steps:

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We determined that as of October 31, 2022, our associate population consisted of approximately 3,900 individuals. This population consisted of our full-time, part-time, and temporary associates. We selected October 31, 2022, which is within the last three months of 2022, as the date upon which we would identify the median employee because it enabled us to make such identification in a reasonably efficient and economical manner.

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To identify the “median employee” from our associate population, we used the total of annualized base salary, target annual bonus, target special compensation and target LTI, where applicable, as of October 31, 2022.

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We identified our median employee using this compensation measure, which was consistently applied to all our associates included in the calculation. Since our associates and CEO are located in the United States, we did not exclude any associates or make any cost-of-living adjustments in identifying the median employee.

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While there has not been a material change to our associate population or associate compensation programs that we reasonably believe would result in a significant change to our pay ratio disclosure, the associate identified as the median employee in 2022 and 2023 departed the company in 2024. As a result, in accordance with SEC Rules, we have substituted that individual with another associate whose compensation was substantially similar to the original median employee when the analysis was completed in 2022.

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