Jackson Financial Inc. JXN

Financials SIC 6311 - Life Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Life, Health, and Medical Insurance Carriers › Direct Life Insurance Carriers derived NYSE

Jackson Financial Inc. ("Jackson Financial" or "JFI") is a financial services company focused on helping Americans in the United States ("U.S.") secure their financial futures. We believe we are well-positioned in our markets because of our differentiated products and our well-known brand among distributors and advisors. Our market position is supported by our efficient and scalable operating platform and industry-leading distribution network. We are confident these core strengths will enable us to grow as an aging U.S. population transitions into retirement. We refer to Jackson Financial and its subsidiaries and affiliates collectively, as the "Company," "we," "our," or "us."

We offer a diverse suite of annuities to retail investors in the U.S. Our variable annuities have been among the best-selling products of their kind in the U.S. principally due to the differentiated features we offer as compared to our competitors and, in particular the wider range of investment options and greater freedom to invest across multiple investment options. We also offer registered index-linked, fixed index, fixed, and payout annuities.

Last close 130.19 2026-10-23
Market cap $8.82B 2026-06-30 share count
52-week range 89.67 - 140.90

Valuation FY2025 figures against the last close

P/S1.3x
P/E—
P/FCF1.5x
EV/EBITDA—
Dividend yield2.5%
Diluted EPS-0.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $6.68B$3.27B$3.08B$9.85B$6.36B$3.55B$3.48B—
SG&A $1.07B$1.12B$1.01B$875.0M$1.08B$985.0M$994.0M—
Total operating expenses $2.80B$2.83B$2.55B$2.43B$2.84B$1.30B$2.07B—
Interest expense $100.0M$101.0M$109.0M$98.0M$37.0M$88.0M$99.0M—
Pre-tax income -$114.0M$1.02B$958.0M$7.73B$4.34B-$2.49B-$811.0M—
Income tax $186.0M$46.0M$4.0M$1.50B$666.0M$854.0M$369.0M—
Net income -$17.0M$902.0M$899.0M$6.19B$3.42B-$1.63B-$497.0M—
EPS, basic -0.2411.8610.9972.3436.35-24.14-13.16—
EPS, diluted -0.2411.7410.7669.7536.17-24.14-13.16—
Shares, diluted (wtd. avg.) 71.2M76.8M83.6M88.7M94.5M67.7M37.8M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $5.70B$3.77B$2.69B$4.30B$2.63B$2.02B$1.94B$3.97B
Total assets $352.59B$338.45B$330.25B$314.98B$375.56B$355.51B——
Short-term debt ——$970.0M$311.0M————
Long-term debt $2.03B$2.03B$2.04B$2.63B$2.65B$322.0M——
Total liabilities $342.24B$328.47B$319.92B$305.61B$364.49B$348.58B——
Retained earnings $7.47B$7.71B$7.04B$6.40B$2.81B-$2.93B——
Total equity $9.95B$9.76B$10.33B$9.38B$8.32B$9.92B$7.32B$7.97B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $5.76B$5.79B$5.31B$5.21B$5.68B$3.71B$4.37B—
Depreciation and amortisation ————$11.0M$11.0M$11.0M—
Stock-based compensation $132.0M$191.0M$107.0M$131.0M$129.0M$56.0M$79.0M—
Investing cash flow -$7.76B-$7.09B-$592.0M-$1.37B-$1.30B-$4.33B-$8.33B—
Financing cash flow $3.94B$2.37B-$6.33B-$2.16B-$3.77B$705.0M$1.93B—
Dividends paid $223.0M$211.0M$201.0M$186.0M$50.0M$0$0—
Buybacks $669.0M$442.0M$306.0M$321.0M$211.0M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040158.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B Revenue, FY2019: 3.5B Net income, FY2019: -497M Revenue, FY2020: 3.5B Net income, FY2020: -1.6B Revenue, FY2021: 6.4B Net income, FY2021: 3.4B Revenue, FY2022: 9.8B Net income, FY2022: 6.2B Revenue, FY2023: 3.1B Net income, FY2023: 899M Revenue, FY2024: 3.3B Net income, FY2024: 902M Revenue, FY2025: 6.7B Net income, FY2025: -17M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $3.48B $3.55B $6.36B $9.85B $3.08B $3.27B $6.68B
Gross profit — — — — — — — —
Net income — -$497.0M -$1.63B $3.42B $6.19B $899.0M $902.0M -$17.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • New debt or obligation Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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