Subsidiaries
50
legal entities disclosed
Jurisdictions
8
states + countries
US / International
82% US
41 US · 9 intl
By functional typewhat each entity does, inferred from its legal name
Strategy & geographywhere the structure sits, and why
US onshore20 · 40%
Reinsurance / captive3 · 6%
Fund / SPV26 · 52%
International operations1 · 2%
6%
Offshore reins.
52%
Fund / SPV
2
Countries
International footprint
Offshore centres
1
What changed in the structurethis filing vs the prior annual report (2025-02-26) · 47 → 50 entities
⚑ New reinsurance / captive vehicle — a reserve-financing signal
Hickory Brooke Reinsurance Company · Michigan
+ Added (7)
Hickory Brooke Reinsurance CompanyMichigan
Jackson Brooke LLCDelaware
PPM America Capital Partners IX, LLCDelaware
PPM CLO 8 Ltd.Cayman Islands
PPM Strategic Opportunities Aggregator Fund I LPDelaware
PPM Strategic Opportunities Capital Partners I, LLCDelaware
PPM Strategic Opportunities Fund I LPDelaware
− Removed (5)
Jackson Charitable Foundation, Inc.Michigan
Jackson National Life (Bermuda) Ltd.Bermuda
Squire Capital I LLCMichigan
Squire Capital II LLCMichigan
Squire Reassurance Company LLCMichigan
Entities present in one annual Exhibit 21 but not the other, matched on a normalized legal name. Additions can be new formations, acquisitions, or first-time disclosures; removals can be wind-downs, mergers, or sales. Indicative.
By jurisdiction (top 8)
Delaware
27
Michigan
9
Cayman Islands
7
Texas
2
Jersey
2
Iowa
1
Illinois
1
New York
1
Subsidiaries
| Allied Life Brokerage Agency, Inc. | Iowa |
| B2B Solutions, LLC | Delaware |
| Brier Capital LLC | Michigan |
| Brooke Life Insurance Company | Michigan |
| Brooke Life Reinsurance Company | Michigan |
| Hermitage Management, LLC | Michigan |
| Hickory Brooke Reinsurance Company | Michigan |
| Jackson Brooke LLC | Delaware |
| Jackson Finance LLC | Michigan |
| Jackson Holdings LLC | Delaware |
| Jackson National Asset Management LLC | Michigan |
| Jackson National Life Distributors LLC | Delaware |
| Jackson National Life Insurance Agency, LLC | Illinois |
| Jackson National Life Insurance Company | Michigan |
| Jackson National Life Insurance Company of New York | New York |
| Mission Plans of America, Inc. | Texas |
| National Planning Holdings LLC | Delaware |
| Old Hickory Fund I, LLC | Delaware |
| PGDS (US ONE) LLC | Delaware |
| PPM America, Inc. | Delaware |
| PPM America Capital Partners III, LLC | Delaware |
| PPM America Capital Partners VIII, LLC | Delaware |
| PPM America Capital Partners IX, LLC | Delaware |
| PPM America Private Equity Fund VIII-A LP | Delaware |
| PPM CLO 2, LLC | Delaware |
| PPM CLO 2 Ltd. | Cayman Islands |
| PPM CLO 2018-1, LLC | Delaware |
| PPM CLO 2018-1 Ltd. | Cayman Islands |
| PPM CLO 3, LLC | Delaware |
| PPM CLO 3 Ltd. | Cayman Islands |
| PPM CLO 4, LLC | Delaware |
| PPM CLO 4 Ltd. | Cayman Islands |
| PPM CLO 5, LLC | Delaware |
| PPM CLO 5 Ltd. | Cayman Islands |
| PPM CLO 6, LLC | Delaware |
| PPM CLO 6-R Ltd. | Jersey |
| PPM CLO 7, LLC | Delaware |
| PPM CLO 7 Ltd. | Jersey |
| PPM CLO 8, LLC | Delaware |
| PPM CLO 8 Ltd. | Cayman Islands |
| PPM Holdings, Inc | Delaware |
| PPM Loan Management Company 2, LLC | Delaware |
| PPM Pomona Capital Partners, LLC | Delaware |
| PPM Strategic Opportunities Capital Partners I, LLC | Delaware |
| PPM Strategic Opportunities Fund I LP | Delaware |
| PPM Strategic Opportunities Aggregator Fund I LP | Delaware |
| REALIC of Jacksonville Plans, Inc. | Texas |
| ROP, Inc. | Delaware |
| Squire Reassurance Company II, Inc. | Michigan |
| VFL International Life Company SPC, Ltd. | Cayman Islands |
Subsidiaries as disclosed in the company's annual report (Exhibit 21 — Subsidiaries of the Registrant). Functional type is inferred from each entity's legal name and is indicative.