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

QVT Financial LP, which holds short positions in JXN debt and equity, issued a second critical report alleging near-term liquidity and solvency challenges at Jackson Financial's subsidiary Brooke Life Reinsurance Co. The report also raises a new claim that JXN's adjusted operating earnings may be significantly overstated due to understatement of RILA option costs, estimating the relevant interest at 0.5-0.6% annually versus what market option pricing would imply.

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