Jackson Financial (JXN) | Financial Analysis & Statements
Jackson Financial Inc. Mid-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
1.9B
Net Income
-186.0M
-9.68%
EPS (Diluted)
$-3.13
Balance Sheet Metrics
Total Assets
352.6B
Total Liabilities
342.2B
Shareholders Equity
10.3B
Debt to Equity
33.09
Cash Flow Metrics
Operating Cash Flow
594.0M
Free Cash Flow
1.6B
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Jackson Financial Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6.5B | 3.1B | 3.2B | 9.7B | 5.5B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 1.1B | 1.1B | 1.0B | 875.0M | 1.1B |
| Other Operating Expenses | 330.0M | 310.0M | 415.0M | 345.0M | 327.0M |
| Total Operating Expenses | 1.4B | 1.4B | 1.4B | 1.2B | 1.4B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 100.0M | 101.0M | 185.0M | 113.0M | 37.0M |
| Other Non-Operating Income | 61.0M | 44.0M | 67.0M | 85.0M | 94.0M |
| Pre-tax Income | -114.0M | 1.0B | 958.0M | 7.7B | 4.3B |
| Income Tax | -186.0M | 46.0M | 4.0M | 1.5B | 666.0M |
| Effective Tax Rate % | 0.0% | 4.5% | 0.4% | 19.5% | 15.3% |
| Net Income | 72.0M | 976.0M | 954.0M | 6.2B | 3.7B |
| Net Margin % | 1.1% | 31.6% | 29.4% | 64.0% | 66.9% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | $-0.24 | $11.86 | $10.99 | $72.34 | $36.35 |
| EPS (Diluted) | $-0.24 | $11.74 | $10.76 | $69.75 | $36.17 |
| Basic Shares Outstanding | 70833333 | 76053963 | 81801638 | 85513787 | 93994520 |
| Diluted Shares Outstanding | 70833333 | 76053963 | 81801638 | 85513787 | 93994520 |
Income Statement Trend
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Jackson Financial Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 5.7B | 3.8B | 2.7B | 4.3B | 2.6B |
| Short-term Investments | 47.3B | 40.3B | 40.4B | 42.5B | 51.5B |
| Accounts Receivable | 19.6B | 22.0B | 25.6B | 29.1B | 33.1B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 352.6B | 338.4B | - | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | - | - | - | - | - |
| Short-term Debt | - | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 4.6B | 4.4B | 4.0B | 4.4B | 4.1B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 342.2B | 328.5B | - | - | - |
| Equity | |||||
| Common Stock | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M |
| Retained Earnings | 7.5B | 7.7B | 7.0B | 6.4B | 2.8B |
| Treasury Stock | 1.6B | 1.0B | 599.0M | 443.0M | 211.0M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 10.3B | 10.0B | 10.3B | 9.4B | 11.1B |
| Key Metrics | |||||
| Total Debt | 4.6B | 4.4B | 4.0B | 4.4B | 4.1B |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Jackson Financial Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 72.0M | 976.0M | 954.0M | 6.2B | 3.7B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 132.0M | 191.0M | 107.0M | 131.0M | 129.0M |
| Working Capital Changes | 55.0M | 78.0M | -505.0M | -600.0M | -686.0M |
| Operating Cash Flow | 1.5B | -1.7B | -2.2B | 1.0B | -596.0M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -15.7B | -18.2B | -13.9B | -12.5B | -19.7B |
| Investment Sales | 8.5B | 10.8B | 11.8B | 11.6B | 19.6B |
| Investing Cash Flow | -7.4B | -7.7B | -1.5B | -1.3B | -616.0M |
| Financing Activities | |||||
| Share Repurchases | -669.0M | -442.0M | -306.0M | -321.0M | -211.0M |
| Dividends Paid | -267.0M | -255.0M | -236.0M | -186.0M | -50.0M |
| Debt Issuance | 736.0M | 1.4B | 547.0M | 750.0M | 3.9B |
| Debt Repayment | -1.2B | -531.0M | -954.0M | -825.0M | -2.0B |
| Financing Cash Flow | 4.5B | 841.0M | -5.3B | -1.6B | -4.2B |
| Free Cash Flow | 5.8B | 5.8B | 5.3B | 5.2B | 5.7B |
| Net Change in Cash | -1.5B | -8.6B | -9.0B | -1.9B | -5.5B |
Cash Flow Trend
Jackson Financial Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
15.31
Forward P/E
4.36
Price to Book
0.80
Price to Sales
1.18
PEG Ratio
-0.09
Profitability Ratios
Profit Margin
0.40%
Operating Margin
23.58%
Return on Equity
0.71%
Return on Assets
0.12%
Financial Health
Current Ratio
1.66
Debt to Equity
55.12
Beta
1.46
Per Share Data
EPS (TTM)
$-0.24
Book Value per Share
$140.96
Revenue per Share
$95.21
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| JXN | 8.0B | 15.31 | 0.80 | 0.71% | 0.40% | 55.12 |
| Manulife Financial | 64.6B | 17.18 | 1.86 | 11.49% | 18.67% | 48.35 |
| Aflac | 59.1B | 16.88 | 2.02 | 13.12% | 21.24% | 42.68 |
| Primerica | 8.9B | 12.26 | 3.65 | 31.93% | 22.43% | 77.92 |
| Lincoln National | 7.0B | 6.25 | 0.70 | 12.28% | 6.44% | 64.67 |
| CNO Financial | 4.1B | 19.02 | 1.57 | 8.90% | 5.11% | 157.09 |
Financial data is updated regularly. All figures are in the company's reporting currency.






