Jackson Financial Inc. (JXN)

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.

Ticker
JXN
Exchange
NYSE
Sector
Financial Services
Industry
Insurance - Life
Market cap
$8.75B
52-week range
$89.67 - $150.00

Valuation

Share price
$131.69 (close of Nov 6, 2026)
P/E (TTM)
10.70x
Price to book
0.97x
Price to free cash flow
1.48x
Enterprise value
$9.88B
Book value per share
$135.50

Price performance

PeriodChange
1 day-0.78%
5 days-2.40%
1 month-0.92%
3 months-1.24%
6 months+14.61%
Year to date+23.48%
1 year+42.94%
3 years+233.22%
5 years+380.62%
All time+318.73%

Short interest

As of
Oct 15, 2026
Short % of float
5.43%
Shares short
3.57M
Days to cover
4.39
Change since prior report
+4.16%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
0.26%
Return on assets
0.01%
Net margin
0.40%
Revenue growth
104.31%
Net income growth
-97.15%
Free cash flow growth
-0.60%

Cash flow and balance sheet

Free cash flow yield (TTM)
67.79%
Net debt to EBITDA
1.15x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$6.68B
Net income
$27.00M
Earnings per share
$-0.24
Interest expense
$100.00M
Shares outstanding
70.98M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$6.68B$27.00M-$0.24
2024-12-31$3.27B$946.00M$11.86
2023-12-31$3.08B$934.00M$10.99
2022-12-31$9.85B$6.19B$72.34
2021-12-31$6.36B$3.42B$36.35
2020-12-31$3.55B-$1.63B-$24.14
2019-12-31$3.48B-$497.00M-$13.16

Margins and returns by year

Period endNet marginReturn on equity
2025-12-310.40%0.26%
2024-12-3128.92%9.48%
2023-12-3130.30%9.04%
2022-12-3162.81%65.96%
2021-12-3153.73%41.06%
2020-12-31-46.08%-16.47%
2019-12-31-14.29%-6.79%

Cash and debt by year

Period endCashDebt
2025-12-31$5.70B$2.03B
2024-12-31$3.77B$2.03B
2023-12-31$2.69B$2.04B
2022-12-31$4.30B$2.63B
2021-12-31$2.62B$2.65B
2020-12-31$2.02B$322.00M
2019-12-31$1.93B-
2018-12-31$3.97B-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$5.76B$132.00M
2024-12-31$5.79B$191.00M
2023-12-31$5.31B$107.00M
2022-12-31$5.21B$131.00M
2021-12-31$5.68B$129.00M
2020-12-31$3.71B$56.00M
2019-12-31$4.37B$79.00M
2018-12-31$5.82B$38.60M
2017-12-31$5.31B$105.40M

Dividend history

Most recent payment
Sep 15, 2026
Paid in the last twelve months
$3.50
Payment dateDividend per share
2026-09-15$0.90
2026-06-11$0.90
2026-03-16$0.90
2025-12-04$0.80
2025-09-15$0.80
2025-06-12$0.80
2025-03-11$0.80
2024-12-05$0.70

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-03Sep 2026-
2026-08-03Jun 2026-
2026-05-05Mar 2026-
2026-02-18Dec 2025-
2025-11-04Sep 2025$5.10
2025-08-05Jun 2025$4.61
2025-05-07Mar 2025$4.93
2025-02-19Dec 2024$4.72

Filings and sources

Company website
jackson.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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