Quoting prove_it:
I wish I could show you in person how the bearing assembly all works in person. I can't find an animation or a good pick showing how everything works together.
Although this doesn't substitute for an in-person demonstration, it should get your point across I think.
As posted before, here's everything. Bearing, seals and snap ring. This is a Timken bearing, identical to the Koyo unit pictured below.
For those who haven't seen one, here's the bearing disassembled. It looks like one assembly, but it is actually 5 separate parts: 3 races, and 2 bearings in a plastic-ish cage. This is a Koyo unit I removed from my car. The Timken unit I replaced it with was identical.
The outer race of the bearing is pressed into the back side of the knuckle,
It seats against a lip in the front of the knuckle.
Here's the hub. After the bearing is pressed into the knuckle, the hub gets pressed into the 2 inner bearing races through the front side of the knuckle. This hub is pictured with one of the inner races still attached.
Here's the whole thing assembled with and without the ABS ring.
Here's a view of the back side of the knuckle with everything assembled. You can't see it, but the snap ring is right behind the seal in the photo. Also, you can see how the hub is pressed into the inner bearing races.