Jackson Financial Inc. (NYSE: JXN), a $5.8 billion market cap financial services company with over $7.4 billion in annual revenue, has appointed Lin Sun as Senior Vice President and Chief Actuary, effective Monday. Sun will oversee the company’s Actuarial department with responsibility for valuation, pricing and other actuarial functions, according to a company press release.

Sun succeeds Steve Binioris, who was recently appointed Executive Vice President and Chief Risk Officer. She will report to Don Cummings, Executive Vice President and Chief Financial Officer.

With nearly 20 years of experience in finance, insurance and actuarial consulting, Sun most recently served as Principal and Equity Partner at Milliman, where she advised business leaders and boards on strategic initiatives, actuarial topics and balance sheet management. She also led actuarial due diligence for several major insurance industry transactions over the past decade.

Prior to Milliman, Sun worked as an Actuarial Consultant at Ernst & Young. She holds a bachelor of mathematics degree from the University of Waterloo, an MBA from the University of Chicago, and is a Fellow of the Society of Actuaries.

"She understands our culture and our disciplined and balanced approach to capital management, having served as an external advisor in recent years," said Cummings.

Jackson Financial provides annuity products and retirement planning services. The company, which maintains a healthy 3.93% dividend yield and has raised its dividend for four consecutive years, trades on the New York Stock Exchange under the ticker JXN. According to InvestingPro analysis, the company demonstrates strong financial health with robust liquidity metrics, and currently trades near its Fair Value.

In other recent news, Jackson Financial Inc. reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $5.10, slightly above the projected $5.06. The company also reported a significant revenue increase, reaching $1.99 billion compared to the expected $1.8 billion. This performance reflects Jackson Financial’s strong quarterly results, aligning with its historical trend of exceeding expectations. Additionally, retail annuity sales increased by 9% year-over-year, totaling over $4 billion, supported by product innovation and an expanded distribution network. The company returned $231 million to shareholders, marking a 44% increase from the previous year, and maintained a robust estimated RBC ratio of 585%. In other developments, Jackson National Life Insurance Company, a subsidiary of Jackson Financial, launched two new registered index-linked annuities (RILAs) named Jackson Market Link Pro III and Jackson Market Link Pro Advisory III. These products aim to offer asset growth potential and varying degrees of market downturn protection. The company has also enhanced its traditional variable annuity product suite, increasing guaranteed withdrawal rates and adjusting the guaranteed withdrawal balance for certain benefits.

Jackson Financial appoints Lin Sun as chief actuary By Investing.com

Jackson Financial Inc. appointed Lin Sun as Senior Vice President and Chief Actuary, effective Monday. Sun, with 20 years of experience in finance and actuarial consulting, will oversee the company's Actuarial department. The company reported strong first-quarter 2025 earnings, exceeding analyst expectations, and launched new registered index-linked annuities. Jackson Financial, a $5.8 billion market cap company, maintains a 3.93% dividend yield and trades on the New York Stock Exchange.