Jackson National Life Insurance is owned by Berkshire Hathaway, the multinational conglomerate headed by Warren Buffett. The insurance arm operates as a subsidiary within Berkshire Hathaway's financial services group, providing life insurance, annuities, and related products.
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Berkshire Hathaway's Role
Berkshire Hathaway acquired Jackson National Life in 2000. Since then, the company has remained a standalone business unit, preserving its brand while benefiting from Berkshire's capital and risk‑management expertise.
Ownership Structure
Jackson National Life is fully owned by Berkshire Hathaway's insurance and reinsurance segment. Shares of Berkshire Hathaway are publicly traded (NYSE: BRK.A, BRK.B), so indirectly, shareholders of Berkshire Hathaway have an ownership stake in Jackson National Life.
Operational Independence
While Berkshire Hathaway provides strategic oversight and capital allocation, Jackson National Life retains its own executive team, underwriting policies, and product lines. This structure allows the company to maintain a focused, customer‑centric approach within the broader Berkshire portfolio.
Key Facts
- Founded: 1904 (as a subsidiary of the original Jackson National Life)
- Parent: Berkshire Hathaway Inc.
- Headquarters: Omaha, Nebraska, USA
- Products: life insurance, annuities, retirement planning services