QVT Issues Second Report on Jackson Financial (JXN) Subsidiary Brooke Life Reinsurance Co. Underscoring Near-Term Liquidity Challenges

NEW YORK–(BUSINESS WIRE)–QVT Financial LP (“QVT”) today issued a second report on Jackson Financial, Inc. (NYSE: JXN), underscoring QVT’s concerns regarding the solvency of JXN’s subsidiary Brooke Life Reinsurance Co. (“Brooke Re”), and detailing its estimates that Brooke Re will face significant liquidity challenges in the coming quarters. In addition, the report addresses a new issue regarding potential significant overstatement of JXN’s adjusted operating earnings due to understatement of

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