Jackson Financial Inc. (JXN-PA)
Jackson Financial Inc., through its subsidiaries, provides suite of annuities to retail investors in the United States. It operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements backed by commercial paper; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities. The company also provides investment management services. It sells its products through a distribution network that includes independent broker-dealers, wirehouses, regional broker-dealers, banks, independent registered investment advisors, third-party platforms, and insurance agents. The company was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. Jackson Financial Inc. was incorporated in 2006 and is headquartered in Lansing, Michigan.
Sector: Life Insurance
Industry: Insurance - Life
Jackson Financial Inc.
Mkt Cap$8.7B
Float64.08M
O/S66.06M
Inst Own-
Dilution
Financials Summary
Revenue$6.68B
Net Income$27M
Total Assets$352.59B
Free Cash Flow$5.76B
Debt & Equity
Debt 31%
Equity 66%
Preferred 4%
Total Debt$4.61B
Total Equity$9.95B
Preferred Stock$533M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in JXN-PA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$352.59B
Liabilities$342.24B
Accounts Receivable$20.27B
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$11.66B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $6.68B | $3.09B | $3.17B | $9.72B | $5.5B | $4.64B | $3.49B | $13.69B | $6.2B |
| YoY Growth | 116.1% | -2.3% | -67.4% | 76.6% | 18.5% | 33.1% | -74.5% | 120.9% | - |
| Cost of Revenue | $971M | $702M | $698M | $812M | $511M | $5.84B | $3.2B | $10.15B | $0 |
| Gross Profit | $5.71B | $2.39B | $2.47B | $8.91B | $4.99B | -$1.2B | $293M | $3.54B | $6.2B |
| Gross Margin | 85.5% | 77.3% | 77.9% | 91.6% | 90.7% | -25.8% | 8.4% | 25.9% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $1.12B | $1.01B | $875M | $1.08B | $985M | $994M | $1.05B | $2.8B |
| Other | $5.83B | $248M | $502M | $299M | -$431M | $307M | $110M | $97M | $0 |
| Total Operating Expenses | $5.83B | $1.37B | $1.51B | $1.17B | $647M | $1.29B | $1.1B | $1.15B | $5.1B |
| Operating Income (EBIT) | -$114M | $1.02B | $958M | $7.73B | $4.34B | -$2.49B | -$811M | $2.39B | $3.4B |
| Operating Margin | -1.7% | 33.1% | 30.3% | 79.6% | 79.0% | -53.7% | -23.2% | 17.5% | 54.8% |
| Interest Expense | $100M | $101M | $185M | $113M | $37M | $88M | $99M | $86.2M | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $54.3M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.36B |
| Income Before Tax (EBT) | -$114M | $1.02B | $958M | $7.73B | $4.34B | -$2.49B | -$811M | $2.39B | $1.04B |
| Income Tax Expense | -$186M | $46M | $4M | $1.5B | $666M | -$854M | -$369M | $338.3M | $499.9M |
| Net Income | $27M | $946M | $934M | $6.19B | $3.42B | -$1.63B | -$497M | $1.99B | $495.3M |
| Net Income Margin | 0.4% | 30.6% | 29.5% | 63.6% | 62.1% | -35.2% | -14.2% | 14.5% | 8.0% |
| Supplementary Data | |||||||||
| EPS | -0.24 | 11.86 | 10.76 | 72.34 | 35.89 | -17.29 | -5.26 | 21.02 | 5.24 |
| Diluted EPS | -0.24 | 11.74 | 10.76 | 69.75 | 35.89 | -17.29 | -5.26 | 21.02 | 5.24 |
| Weighted Average OS | 70.08M | 74.42M | 83.58M | 85.51M | 88.69M | 94.46M | 94.46M | 94.46M | 94.46M |
| EBITDA | -$14M | $1.12B | $1.07B | $7.83B | $4.39B | -$2.39B | -$701M | $2.49B | $6.79B |
| EBITDA Margin | -0.2% | 36.3% | 33.7% | 80.6% | 79.8% | -51.5% | -20.1% | 18.2% | 109.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $5.7B | $3.77B | $2.69B | $4.3B | $2.62B | $2.02B | $1.93B | $3.97B |
| Short-Term Investments | $47.77B | $0 | $40.88B | $42.49B | $51.55B | $59.08B | $57.09B | $0 |
| Cash and Short-Term Investments | $53.47B | $3.77B | $43.57B | $46.79B | $54.17B | $61.09B | $59.03B | $3.97B |
| Accounts Receivable | $20.27B | $0 | $26.08B | $29.06B | $33.13B | $35.27B | $8.37B | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | -$75.85B | -$87.3B | $0 | -$67.4B | $0 |
| Total Current Assets | $73.74B | $3.77B | $69.65B | $0 | $0 | $96.36B | $0 | $3.97B |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $0 | $20M | $0 | $0 | $0 | $37M | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $11.66B | $0 | $12.3B | $0 | $0 | $13.9B | $0 | $10.66B |
| Long-Term Investments | $21.46B | $61.01B | $19.98B | $45.16B | $53.65B | $19.19B | $58.81B | $0 |
| Deferred Tax Assets | $719M | $480M | $640M | $0 | $0 | $1.06B | $0 | $0 |
| Other Long-Term Assets | $245B | $313B | $227.69B | -$45.16B | -$53.65B | $223.97B | -$58.81B | $244.71B |
| Total Long-Term Assets | $278.84B | $374.51B | $260.6B | $0 | $0 | $257.09B | $0 | $255.37B |
| Other Assets | $0 | -$39.8B | $0 | $314.98B | $375.56B | $500K | $297.06B | $0 |
| Total Assets | $352.59B | $338.47B | $330.25B | $314.98B | $375.56B | $353.46B | $297.06B | $259.33B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$10.3M | $0 | $0 |
| Other Current Liabilities | $15.28B | $0 | $21.94B | -$22.96B | -$29.01B | $21.51B | -$48.3M | -$121.1M |
| Total Current Liabilities | $16.31B | $0 | $21.96B | $0 | $0 | $53.47B | $0 | $121.1M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $4.61B | $2.03B | $4.03B | $4.37B | $4.05B | $322M | $2.69B | $331.9M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $321.32B | $326.43B | $293.94B | -$4.37B | -$4.05B | $343.21B | -$2.69B | $251.02B |
| Total Long-Term Liabilities | $325.93B | $328.47B | $297.96B | $0 | $0 | $343.53B | $0 | $251.35B |
| Other Liabilities | $0 | $0 | $0 | $305.61B | $364.49B | -$53.47B | $289.74B | $0 |
| Total Liabilities | $342.24B | $328.47B | $319.92B | $305.61B | $364.49B | $343.53B | $289.74B | $251.47B |
| Stockholders' Equity | ||||||||
| Preferred Stock | $533M | $533M | $533M | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $0 | $0 |
| Retained Earnings | $7.47B | $7.71B | $7.04B | $6.4B | $2.81B | -$324M | $1.37B | $2.74B |
| Comprehensive Income & Other | -$2.47B | -$3.52B | -$2.81B | -$3.38B | $1.74B | $3.83B | $2.4B | -$343.3M |
| Other Stockholders' Equity | $2.48B | $2.05B | $3.13B | $2.24B | $7.58B | $9.75B | $5.47B | $4.73B |
| Total Equity | $9.95B | $9.76B | $10.17B | $8.65B | $10.39B | $9.43B | $6.84B | $7.47B |
| Minority Interest | $389M | $218M | $164M | $732M | $680M | $493.6M | $484.1M | $390.2M |
| Total Liabilities and Equity | $352.2B | $338.23B | $330.09B | $314.25B | $374.88B | $352.96B | $296.57B | $258.94B |
| Supplementary Data | ||||||||
| Total Debt | $4.61B | $2.03B | $4.03B | $4.37B | $4.05B | $322M | $2.69B | $331.9M |
| Net Debt | -$1.1B | -$1.73B | $1.34B | $69M | $1.43B | -$1.7B | $757.3M | -$3.64B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | $72M | $976M | $954M | $6.23B | $3.68B | -$1.64B | -$442M | $2.05B | $495.3M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $11M | $10.8M | $11M | $10.8M | $0 |
| Deferred Income Tax | -$173M | $294M | -$207M | $1.55B | $739M | -$776M | -$674M | $226.3M | $0 |
| Stock-Based Compensation | $132M | $191M | $107M | $131M | $129M | $56M | $79M | $38.6M | $105.4M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$244M | -$301M | -$4M | -$315M | -$633M | -$1.12B | -$2.37B | $1.46B | $1.9M |
| Total Working Capital Change | -$244M | -$301M | -$4M | -$315M | -$633M | -$1.12B | -$2.37B | $1.46B | $1.9M |
| Other Non-Cash Items | $5.97B | $4.63B | $4.46B | -$2.39B | $1.76B | $7.17B | $7.77B | $2.03B | $4.71B |
| Net Cash from Operating | $5.76B | $5.79B | $5.31B | $5.21B | $5.68B | $3.71B | $4.37B | $5.82B | $5.31B |
| Investing Activities | |||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$15.67B | -$18.21B | -$13.91B | -$12.53B | -$19.68B | -$33.82B | -$18.23B | -$9.22B | $0 |
| Sales of Investments | $8.46B | $10.81B | $11.8B | $11.62B | $19.62B | $30.14B | $10.55B | $7.5B | $0 |
| Other Investing Activities | -$547M | $312M | $1.51B | -$464M | -$1.23B | -$654M | -$646M | -$173.3M | -$2.03B |
| Net Cash from Investing | -$7.76B | -$7.09B | -$592M | -$1.37B | -$1.3B | -$4.33B | -$8.33B | -$1.89B | -$2.03B |
| Financing Activities | |||||||||
| Debt Repaid | $496M | -$867M | $407M | $75M | -$1.95B | -$20M | -$2.65B | $605.1M | $416.9M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $5M | $500M | $7M | $7.4M | $0 |
| Common Stock Repurchases | -$669M | -$442M | -$306M | -$321M | -$211M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$223M | -$211M | -$201M | -$186M | -$50M | $0 | -$2.88B | -$450M | -$600M |
| Other Financing Activities | $5.37B | $2.2B | -$5.91B | -$1.58B | -$5.47B | $185M | $2.15B | -$1.22B | -$1.42B |
| Net Cash from Financing | $3.94B | $2.37B | -$6.33B | -$2.16B | -$3.77B | $705M | $1.93B | -$2.27B | -$2.44B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.94B | $1.08B | -$1.61B | $1.67B | $612M | $84M | -$2.03B | $1.66B | $845.3M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $5.76B | $5.79B | $5.31B | $5.21B | $5.68B | $3.71B | $4.37B | $5.82B | $5.31B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $5.76B | $5.79B | $5.31B | $5.21B | $5.68B | $3.71B | $4.37B | $5.82B | $5.31B |
| Cash at Beginning | $3.77B | $2.69B | $4.3B | $2.63B | $2.02B | $1.94B | $3.97B | $2.31B | $1.46B |
| Cash at End | $5.7B | $3.77B | $2.69B | $4.3B | $2.63B | $2.02B | $1.94B | $3.97B | $2.31B |