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Jackson Financial (JXN) is misunderstood by the market, trading at highly attractive valuation metrics due to perceived earnings volatility. JXN is leveraging cash from its variable-annuity franchise to build a more profitable spread-based annuity business while returning significant capital to shareholders. Q2 2026 results highlight robust expansion: retail annuity sales rose 34%, RILA sales 69%, fixed and FIA sales 73%, with adjusted EPS up 50%.

Bank of America Corp DE lifted its holdings in shares of Jackson Financial Inc. (NYSE: JXN) by 17.5% during the undefined quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 325,222 shares of the company's stock after acquiring an additional 48,399 shares during the period. Bank of

Jackson Financial NYSE: JXN reported record adjusted operating earnings in the second quarter of 2026, supported by higher fee income, growth in spread-based products and strong equity-market performance. The company also said it remains on track to meet its full-year free capital generation and shareholder-return targets.

Adjusted operating earnings were $7.30 per diluted share for the quarter, a company record. Pre-tax adjusted operating earnings totaled $618 million, or $648 million excluding notable items. On that basis, earnings increased 50% from a year earlier, Chief Financial Officer Don Cummings said, citing expanding spread-based assets, growth in fee-based assets under management and higher net investment income.

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Excluding $0.36 per share in notable items and normalizing for the difference between the company’s actual tax rate and its 15% tax guidance, adjusted operating earnings were $7.68 per diluted share, up 55% year over year. The notable item reflected limited partnership results that fell below Jackson’s long-term 10% return assumption.

Retail annuity sales accelerate Retail annuity sales approached $6 billion in the second quarter, up 34% from a year earlier and higher than the first quarter. President and CEO Laura Prieskorn said sales increased across all product categories.

Registered index-linked annuity, or RILA, sales exceeded $2.3 billion, rising 69% from the prior-year period and marking a quarterly record. RILA assets under management surpassed $26 billion. Jackson launched Market Link Pro 4 and Market Link Pro Advisory 4 in June, products that include an index option linked to the Dow Jones Industrial Average.

Spread-based products represented 54% of total sales during the quarter, Cummings said. Fixed and fixed-index annuity sales totaled $812 million, up 73% from a year earlier, aided by the company’s Jackson Income Assurance product. For the first half, fixed-index annuity sales reached $1.3 billion.

Non-variable annuity net inflows were $2.9 billion, an increase of 65% from the prior-year quarter and 16% sequentially. Total retail annuity net outflows declined for a second consecutive quarter and improved 20% in the first half compared with the same period in 2025, Prieskorn said.

Variable annuity surrenders were influenced by equity-market gains, with separate-account returns of 12.9% during the quarter contributing more than $27 billion of investment gains in variable annuity assets under management. Those gains exceeded variable annuity net outflows by more than $22 billion, according to Cummings.

Combined retail annuity and institutional account value exceeded $295 billion at quarter end, up 10% sequentially. Nearly 40% of Jackson’s in-force book consisted of spread-based and investment-only variable annuity products, reflecting the company’s diversification efforts.

Capital generation, liquidity and investment strategy Jackson generated $575 million in free cash flow during the first half, up 14% from a year earlier, and returned $547 million to common shareholders through dividends and share repurchases. Second-quarter capital returns totaled $290 million.

After-tax statutory capital generation was $656 million in the second quarter, while free capital generation was $304 million. Cummings said free capital generation reflected higher required capital associated with new business production, equity-market effects and sales patterns under the risk-based capital framework.

The company maintained its full-year targets of at least $1.2 billion in free capital generation and $900 million to $1.1 billion in capital returns to common shareholders. Total adjusted capital ended the quarter at $5.8 billion, with an estimated risk-based capital ratio of 538%, above the company’s 425% risk-appetite level.

Holding-company cash and investments totaled nearly $1.4 billion at quarter end. Jackson issued $750 million of senior debt during the quarter, pre-funding $650 million of debt maturities due in 2027 and adding $100 million of holding-company liquidity. The company expanded its revolving credit facility to $1.25 billion from $1 billion and extended its maturity to 2031 from 2028. Total available liquidity at Jackson Financial Inc. was about $4 billion, including cash, highly liquid securities and the undrawn credit facility. Cummings said new money was invested at rates above the existing portfolio yield, with new-money yield about 100 basis points above the overall portfolio yield during the quarter. PPM America, Jackson’s investment management subsidiary, surpassed $100 billion in assets under management. The company said its partnership with TPG is expanding investment sourcing capabilities, including in direct lending and asset-backed finance.

Hedging and leadership transition Jackson reported an overall net hedge gain of $2 million after isolating implied-volatility effects on market risk benefits. Gains in RILA and fixed-index annuity businesses were largely offset by losses in variable annuities. Brian Walta, head of planning and asset liability management, said the company manages the RILA and variable annuity liabilities independently and seeks economic and statutory outcomes rather than GAAP accounting results alone.

Prieskorn also confirmed that she will retire at the end of 2026 after nearly 40 years with Jackson. Cummings will become president and CEO on Oct. 1, while Walta will succeed him as chief financial officer.

“This transition reflects the strength of Jackson’s organization and the thoughtful succession planning process in place to ensure continuity, stability, and long-term success,” Prieskorn said.

About Jackson Financial (NYSE:JXN)Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company's core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Jackson Financial remains a "Strong Buy," supported by robust capital returns, stellar earnings growth, and a favorable rate environment. Q2 earnings surged 50% year-over-year to $7.30 per share, driven by 34% annuity sales growth and a strategic shift toward lower-risk, spread-based products. JXN maintains a risk-based capital ratio of 538%, enabling aggressive share repurchases and a secure 2.9% dividend yield.

LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc. (NYSE: JXN) (Jackson®) today announced its financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Key Highlights

Retail annuity sales1 of $5.9 billion, up 34% from the second quarter of 2025, including record registered index-linked annuity (RILA) sales of $2.3 billion, which were up 69% from the second quarter of 2025 Variable annuity (VA) sales1 of $2.7 billion were up 8% from the second quarter of 2025, primarily reflecting higher sales of products without lifetime benefits Fixed and fixed index annuity (FIA) sales of $812 million were up 73% from the second quarter of 2025, driven by our Jackson Income Assurance℠ FIA Robust sales for spread products are supported by capabilities added at PPM America, Inc. (PPM), our asset management subsidiary, to source higher yielding assets, as well as our strategic partnership with TPG Inc. (TPG). These sales, combined with a focus on growing PPM’s third-party business, contributed to a 21% increase in PPM’s assets under management (AUM) from the second quarter of 2025, to more than $100 billion. Net income attributable to Jackson Financial Inc. common shareholders of $644 million, or $9.16 per diluted share in the second quarter of 2026, compared to $168 million, or $2.34 per diluted share in the second quarter of 2025 Adjusted operating earnings2 of $513 million, or a record $7.30 per diluted share in the second quarter of 2026, compared to $350 million, or $4.87 per diluted share in the second quarter of 2025, primarily reflecting higher spread income from growth in average RILA, FIA, and Institutional AUM, higher fee income from growth in average VA AUM, and a reduced share count due to repurchases Adjusted operating earnings per diluted share excluding notable items3 of $7.68 in the second quarter of 2026, up from $4.97 in the second quarter of 2025 Robust capital position at the operating company, with total adjusted capital of $5.8 billion as of June 30, 2026, and an estimated risk-based capital (RBC) ratio at Jackson National Life Insurance Company (JNL) of 538% Jackson (Parent Company only) net cash provided by (used in) operating activities of $(27) million in the second quarter of 2026, compared to $(24) million in the second quarter of 2025 Free cash flow2 of $287 million in the second quarter of 2026 reflecting distributions from our operating company of $325 million Returned $290 million to common shareholders in the second quarter of 2026, up 34% from the second quarter of 2025, through $227 million of common share repurchases and $63 million in common dividends Cash and highly liquid securities at the holding company of nearly $1.4 billion as of June 30, 2026, which was above our updated targeted $325 million minimum liquidity buffer Laura Prieskorn, President and Chief Executive Officer of Jackson, stated, “Our second quarter results reflect the growing strength and diversification of our business. We delivered record earnings per share and 34% growth in retail annuity sales compared to the same period last year. This demonstrates our distribution reach and the momentum in our spread business, supported by the enhanced capabilities of PPM and the growth of our partnership with TPG. Our robust in-force book of business drove strong progress toward our financial targets, with more than $300 million of free capital generation in the second quarter, $290 million of capital return to common shareholders, and healthy levels of excess cash at the holding company. We believe we are well positioned for the second half of 2026 and remain committed to helping Americans achieve financial freedom for life.”

Consolidated Second Quarter 2026 Results

The Company reported net income attributable to Jackson Financial Inc. common shareholders of $644 million, or $9.16 per diluted share for the three months ended June 30, 2026, compared to $168 million, or $2.34 per diluted share for the three months ended June 30, 2025. Second quarter net income included a more favorable net hedging result versus the prior year’s second quarter, driven in part by lower volatility in the current quarter. We believe the non-GAAP measure of adjusted operating earnings better represents the underlying performance of our business as adjusted operating earnings exclude, among other things, changes in the fair value of derivative instruments and market risk benefits tied to market movements.

Adjusted operating earnings for the three months ended June 30, 2026, were $513 million, or a record $7.30 per diluted share, compared to $350 million or $4.87 per diluted share for the three months ended June 30, 2025. The current quarter per share amount reflected higher spread income from growth in average RILA, FIA, and Institutional AUM, higher fee income from growth in average VA AUM, and a reduced share count due to share repurchases.

Total common shareholders’ equity was $9.4 billion or $136.10 per diluted share as of June 30, 2026, compared to $9.4 billion or $138.17 per diluted share as of December 31, 2025. Adjusted book value attributed to common shareholders4 was $10.8 billion or $156.12 per diluted share as of June 30, 2026, compared to $10.6 billion or $155.78 per diluted share as of December 31, 2025. The per share increase was primarily driven by year-to-date adjusted operating earnings of $0.9 billion, partially offset by capital return during the first half of the year and a higher diluted share count resulting from the common equity issuance during the first quarter related to the initiation of the strategic partnership with TPG. Return on equity attributable to common shareholders for the six months ended June 30, 2026 and 2025 was 4.5% and 2.8%, respectively. Adjusted operating return on equity attributable to common shareholders4 for the six months ended June 30, 2026, was 16.5%, up from 13.1% in the first half of 2025.

Segment Results – Pretax Adjusted Operating Earnings5

Three Months Ended

(in millions)

June 30, 2026

June 30, 2025

Retail Annuities

$621

$417

Institutional Products

29

19

Closed Life and Annuity Blocks

(10)

22

Corporate and Other

(22)

(52)

Total5

$618

$406

Retail Annuities

Retail Annuities reported pretax adjusted operating earnings of $621 million in the second quarter of 2026, compared to $417 million in the second quarter of 2025. The current quarter results primarily reflect higher spread income resulting from growth in average RILA and FIA AUM and higher fee income from growth in average VA AUM, partially offset by higher market related expenses.

Total retail annuity sales6 of $5.9 billion in the second quarter of 2026 were up from $4.4 billion in the second quarter of 2025. Variable annuity sales6 of $2.7 billion in the second quarter were up from $2.5 billion in the second quarter of 2025, reflecting higher sales of products without lifetime benefits. Record RILA sales of $2.3 billion in the second quarter were up from $1.4 billion in the second quarter of 2025. Fixed and fixed index annuity sales in the second quarter of $812 million were up from $470 million in the second quarter of 2025.

Institutional Products

Institutional Products reported pretax adjusted operating earnings of $29 million in the second quarter of 2026, compared to $19 million in the second quarter of 2025, driven by higher spread income resulting from higher AUM. The segment reported sales of $1.4 billion in the quarter, up significantly from $930 million in the second quarter of 2025. This healthy growth underscores our continued ability to capitalize on robust demand for spread lending, demonstrating the effectiveness of our opportunistic sales strategy and our strong market positioning. Net flows were $(13) million in the second quarter, and total account value of $11 billion was up from $10.4 billion in the second quarter of 2025.

Closed Life and Annuity Blocks

Closed Life and Annuity Blocks reported pretax adjusted operating income (loss) of $(10) million in the second quarter of 2026, compared to $22 million in the second quarter of 2025, primarily reflecting lower limited partnership income, partially offset by decreases in reserves from the runoff of in-force business.

Corporate and Other

Corporate and Other reported a pretax adjusted operating (loss) of $(22) million in the second quarter of 2026, compared to $(52) million in the second quarter of 2025, primarily reflecting higher net investment income and lower G&A expenses.

Corporate and Other also includes the results of PPM, which has experienced 21% growth in AUM from the second quarter of 2025. AUM as of June 30, 2026 was $101.1 billion, up from $83.5 billion as of June 30, 2025, driven by growth in Jackson’s general account due to sales of RILA, fixed annuities, FIA and Institutional products, and growth in third-party AUM.

Capitalization and Liquidity

Statutory TAC at JNL was $5.8 billion as of June 30, 2026, up from $5.5 billion as of March 31, 2026. TAC was supported by strong earnings on in-force business, partially offset by a $325 million distribution to JNL’s parent during the second quarter of 2026 and the related reduction in deferred tax asset admissibility. JNL’s estimated RBC ratio was 538% as of June 30, 2026, down from the first quarter of 2026 due to an increase in estimated company action level required capital. Holding company free cash flow totaled $287 million in the second quarter of 2026 reflecting the $325 million distribution from the operating company.

Cash and highly liquid securities at the holding company totaled nearly $1.4 billion as of June 30, 2026, which was above our updated targeted minimum liquidity buffer of $325 million. The holding company liquidity includes proceeds from our $750 million senior debt issuance in the second quarter of 2026, which can be used to retire, at or prior to maturity, our $400 million senior notes due 2027 and JNL’s $250 million surplus notes due 2027.

Earnings Conference Call

Jackson will host a conference call on Tuesday, August 4, 2026, at 10 a.m. ET to review the second quarter results. The live webcast is open to the public and can be accessed at https://investors.jackson.com. A replay will be available following the call.

To register for the webcast, click here.

FORWARD-LOOKING STATEMENTS

The information in this press release contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this release not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the use of forward-looking or conditional words, such as “could,” “should,” “can,” “continue,” “estimate,” “forecast,” “intend,” “look,” “may,” “expect,” “believe,” “anticipate,” “plan,” “predict,” “remain,” “future,” “confident” and “commit” or similar expressions. In particular, statements regarding plans, strategies, prospects, targets and expectations regarding the business and industry are forward-looking statements. They reflect expectations, are not guarantees of performance, and speak only as of the dates the statements are made. We caution investors that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those projected, expressed or implied. Other factors that could cause actual results to differ materially from those in the forward-looking statements include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission (the SEC) on February 24, 2026, and elsewhere in the Company’s reports filed with the SEC. Except as required by law, Jackson Financial Inc. does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.

Certain financial data included in this release consists of non-GAAP (Generally Accepted Accounting Principles) financial measures. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with U.S. GAAP. Although the Company believes these non-GAAP financial measures provide useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-GAAP financial measures and ratios included in this release. A reconciliation of the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure can be found in the “Non-GAAP Financial Measures” Appendix of this release.

Certain financial data included in this release consists of statutory accounting principles (“statutory”) financial measures, including “total adjusted capital.” These statutory financial measures are included in or derived from the Jackson National Life Insurance Company annual and/or quarterly statements filed with the Michigan Department of Insurance and Financial Services and are available in the investor relations section of the Company’s website at investors.jackson.com/financials/statutory-filings.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2025. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for three consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

WEBSITE INFORMATION

Visit investors.jackson.com to view information regarding Jackson Financial Inc., including a supplement regarding the second quarter results. We routinely use our investor relations website as a primary channel for disclosing key information to our investors. We may use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations. Accordingly, investors should monitor our investor relations website, in addition to following our press releases, filings with the SEC, public conference calls, presentations, and webcasts. We and certain of our senior executives may also use social media channels to communicate with our investors and the public about our Company and other matters, and those communications could be deemed to be material information. The information contained on, or that may be accessed through, our website, our social media channels, or our executives’ social media channels is not incorporated by reference into and is not part of this release.

APPENDIX

Non-GAAP Financial Measures

In addition to presenting our results of operations and financial condition in accordance with U.S. GAAP, we use and report selected non-GAAP financial measures. Management believes the use of these non-GAAP financial measures, together with relevant U.S. GAAP financial measures, provides a better understanding of our results of operations, financial condition and the underlying performance drivers of our business. These non-GAAP financial measures should be considered supplementary to our results of operations and financial condition that are presented in accordance with U.S. GAAP and should not be viewed as a substitute for the U.S. GAAP financial measures. Other companies may use similarly titled non-GAAP financial measures that are calculated differently from the way we calculate such measures. Consequently, our non-GAAP financial measures may not be comparable to similar measures used by other companies.

Adjusted Operating Earnings

Adjusted Operating Earnings is an after-tax, non-GAAP financial measure, which we believe should be used to evaluate our financial performance on a consolidated basis by excluding certain items that may be highly variable from period to period due to accounting treatment under U.S. GAAP or that are non-recurring in nature, as well as certain other revenues and expenses that we do not view as driving our underlying performance. Adjusted Operating Earnings should not be used as a substitute for net income as calculated in accordance with U.S. GAAP. However, we believe the adjustments to net income are useful for gaining an understanding of our overall results of operations.

Free Cash Flow

Free cash flow is Jackson Financial Inc. (Parent Company only) net cash provided by (used in) operating activities less preferred stock dividends and capital contributions to PPM or other subsidiaries, plus the return of capital from our subsidiaries. Free cash flow should not be used as a substitute for JFI’s (Parent Company only) net cash provided by (used in) operating activities calculated in accordance with U.S. GAAP. However, we believe these adjustments are useful to gaining an understanding of our overall available cash flow at JFI for return of capital to common shareholders and other corporate initiatives.

For additional detail on the non-GAAP financial measures, please refer to the supplement relating to the second quarter ended June 30, 2026, posted on our website, https://investors.jackson.com.

The following is a reconciliation of Adjusted Operating Earnings to Net Income (loss) attributable to Jackson Financial Inc. common shareholders, the most comparable U.S. GAAP measure.

U.S. GAAP Net Income (Loss) to Adjusted Operating Earnings

Three Months Ended

(in millions, except share and per share data)

June 30, 2026

June 30, 2025

Net income (loss) attributable to Jackson Financial Inc. common shareholders

$

644

$

168

Add: dividends on preferred stock

11

11

Add: income tax expense (benefit)

5

4

Pretax income (loss) attributable to Jackson Financial Inc.

660

183

Non-operating adjustments – (income) loss:

Guaranteed benefits and hedging results:

Fees attributable to guarantee benefit reserves

(714

)

(764

)

Net (gains) losses on hedging instruments

(176

)

1,840

Market risk benefits (gains) losses, net

(2,053

)

(2,203

)

Net reserve and embedded derivative movements

2,671

1,066

Total net hedging results

(272

)

(61

)

Amortization of DAC associated with non-operating items at date of transition to LDTI1

118

127

Actuarial assumption updates and model enhancements

—

—

Net realized investment (gains) losses

27

(30

)

Net realized investment (gains) losses on funds withheld assets

297

327

Net investment income on funds withheld assets

(201

)

(227

)

Other items

(11

)

87

Total non-operating adjustments

(42

)

223

Pretax adjusted operating earnings

618

406

Less: operating income tax expense (benefit)

94

45

Adjusted operating earnings before dividends on preferred stock

524

361

Less: dividends on preferred stock

11

11

Adjusted operating earnings

$

513

$

350

Weighted Average diluted shares outstanding

70,292,020

71,938,152

Net income (loss) per diluted share

$

9.16

$

2.34

Adjusted Operating Earnings per diluted share

$

7.30

$

4.87

1LDTI - Adoption of FASB issued ASU 2018-12 “Targeted Improvements to the Accounting for Long Duration Contracts”.

Adjusted Earnings Per Share, Excluding Notables and Taxes

Three Months Ended

(in millions, except per share amounts)

June 30, 2026

June 30, 2025

Adjusted operating earnings

$

513

$

350

Add: (Out performance)/under performance from limited partnership income

26

24

Add: Impact from effective tax rate versus a 15% tax rate guidance

1

(17

)

Adjusted Operating Earnings exclude notable items and taxes

$

540

$

357

Adjusted Operating Earnings per common share (diluted), excluding notable items and taxes

$

7.68

$

4.97

The following is a reconciliation of Jackson Financial (Parent Company only) net cash provided by (used in) operating activities, the most comparable U.S. GAAP measure, to Free Cash Flow:

Three Months Ended

(in millions) June 30, 2026

June 30, 2025

Jackson Financial, Inc. (Parent Company Only) Net cash provided by (used in) operating activities

$

(27

)

$

(24

)

Adjustments from net cash provided by operating activities to free cash flow:

Capital distributions from subsidiaries

325

325

Dividends on preferred stock

(11

)

(11

)

Total adjustments

314

314

Free cash flow

$

287

$

290

Free Cash Flow Comprised of:

Capital distributions from subsidiaries

325

325

Cash distributed to JFI

325

325

Parent company expenses

(37

)

(29

)

Net investment income and other income

8

6

Other, net

(9

)

(12

)

JFI expenses and other, net

(38

)

(35

)

Free cash flow

$

287

$

290

Adjusted Book Value Attributable to Common Shareholders

Adjusted Book Value Attributable to Common Shareholders excludes Preferred Stock and Accumulated Other Comprehensive Income (Loss) (AOCI) attributable to Jackson Financial Inc (JFI), which does not include AOCI arising from investments held within the funds withheld account related to the Athene Reinsurance Transaction. We exclude AOCI attributable to JFI from Adjusted Book Value Attributable to Common Shareholders because our invested assets are generally invested to closely match the duration of our liabilities, which are longer duration in nature, and therefore we believe period-to-period fair market value fluctuations in AOCI to be inconsistent with this objective. We believe excluding AOCI attributable to JFI is more useful to investors in analyzing trends in our business because it removes those short-term fluctuations. Changes in AOCI within the funds withheld account related to the Athene Reinsurance Transaction offset the related non-operating earnings from the Athene Reinsurance Transaction resulting in a minimal net impact on the Adjusted Book Value of JFI.

(in millions)

June 30, 2026

December 31, 2025

Total shareholders’ equity

$

9,962

$

9,953

Less: Preferred equity

533

533

Total common shareholders’ equity

9,429

9,420

Adjustments to total common shareholders’ equity:

Exclude Accumulated Other Comprehensive (Income) Loss attributable to Jackson Financial Inc.

1,387

1,201

Adjusted Book Value Attributable to Common Shareholders

$

10,816

$

10,621

Condensed Consolidated Balance Sheets

June 30,

December 31,

2026

2025

(in millions, except share and per share data)

Assets

Investments:

Debt Securities, available-for-sale, net of allowance for credit losses of $24 and $11 at June 30, 2026 and December 31, 2025, respectively (amortized cost: 2026 $55,815; 2025 $50,491)

$

52,208

$

47,321

Debt Securities, at fair value under fair value option

3,534

3,470

Equity securities, at fair value

262

172

Mortgage loans, net of allowance for credit losses of $176 and $133 at June 30, 2026 and December 31, 2025, respectively

10,414

9,887

Mortgage loans, at fair value under fair value option

595

324

Policy loans (including $3,617 and $3,537 at fair value under the fair value option at June 30, 2026 and December 31, 2025, respectively)

4,484

4,426

Freestanding derivative instruments

422

448

Other invested assets

3,392

3,185

Total investments

75,311

69,233

Cash and cash equivalents

5,986

5,704

Accrued investment income

714

634

Deferred acquisition costs

11,655

11,660

Reinsurance recoverable, net of allowance for credit losses of $31 and $30 at June 30, 2026 and December 31, 2025, respectively

18,331

19,518

Reinsurance recoverable on market risk benefits, at fair value

109

118

Market risk benefit assets, at fair value

8,046

7,867

Deferred income taxes, net

609

719

Other assets

917

637

Separate account assets

245,387

236,496

Total assets

$

367,065

$

352,586

Condensed Consolidated Balance Sheets

June 30,

December 31,

2026

2025

(in millions, except share and per share data) Liabilities and Equity

Liabilities

Reserves for future policy benefits and claims payable

$

10,634

$

10,896

Other contract holder funds

73,285

67,663

Market risk benefit liabilities, at fair value

3,368

3,754

Funds withheld payable under reinsurance treaties (including $3,806 and $3,723 at fair value under the fair value option at June 30, 2026 and December 31, 2025, respectively)

14,090

14,960

Debt

2,769

2,030

Repurchase agreements and securities lending payable

477

1,036

Collateral payable for derivative instruments

14

58

Freestanding derivative instruments

657

257

Notes issued by consolidated variable interest entities, at fair value under fair value option

2,474

2,578

Other liabilities

3,436

2,516

Separate account liabilities

245,387

236,496

Total liabilities

356,591

342,244

Equity

Series A non-cumulative preferred stock and additional paid in capital, $1.00 par value per share: 24,000 shares authorized; 22,000 shares issued and outstanding at June 30, 2026 and December 31, 2025; liquidation preference $25,000 per share

533

533

Common stock; 1,000,000,000 shares authorized, $0.01 par value per share and 68,185,286 and 66,825,632 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively

1

1

Additional paid-in capital

6,401

6,063

Treasury stock, at cost; 26,303,029 and 27,662,683 shares at June 30, 2026 and December 31, 2025, respectively

(1,897

)

(1,645

)

Accumulated other comprehensive income (loss), net of tax expense (benefit) of $(286) and $(377) at June 30, 2026 and December 31, 2025, respectively

(2,625

)

(2,470

)

Retained earnings

7,549

7,471

Total shareholders' equity

9,962

9,953

Noncontrolling interests

512

389

Total equity

10,474

10,342

Total liabilities and equity

367,065

352,586

Condensed Consolidated Income Statements

Three Months Ended June 30

Six Months Ended June 30,

(in millions, except per share data) 2026

2025

2026

2025

Revenues

Fee income

$

1,968

$

1,942

$

3,966

$

3,928

Premiums

38

40

66

80

Net investment income:

Net investment income excluding funds withheld assets

727

491

1,268

1,019

Net investment income on funds withheld assets

201

227

400

454

Total net investment income

928

718

1,668

1,473

Net gains (losses) on derivatives and investments:

Net gains (losses) on derivatives and investments

(2,487

)

(2,860

)

(2,204

)

(1,517

)

Net gains (losses) on funds withheld reinsurance treaties

(297

)

(327

)

(456

)

(715

)

Total net gains (losses) on derivatives and investments

(2,784

)

(3,187

)

(2,660

)

(2,232

)

Other income

18

16

30

30

Total revenues

168

(471

)

3,070

3,279

Benefits and Expenses

Death, other policy benefits and change in policy reserves, net of deferrals

221

256

479

500

(Gain) loss from updating future policy benefits cash flow assumptions, net

20

12

38

24

Market risk benefits (gains) losses, net

(2,053

)

(2,203

)

(383

)

43

Interest credited on other contract holder funds, net of deferrals and amortization

320

295

635

583

Interest expense

27

25

52

50

Operating costs and other expenses, net of deferrals

687

681

1,422

1,358

Amortization of deferred acquisition costs

281

274

562

549

Total benefits and expenses

(497

)

(660

)

2,805

3,107

Pretax income (loss)

665

189

265

172

Income tax expense (benefit)

5

4

25

5

Net income (loss)

660

185

240

167

Less: Net income (loss) attributable to noncontrolling interests

5

6

9

12

Net income (loss) attributable to Jackson Financial Inc.

655

179

231

155

Less: Dividends on preferred stock

11

11

22

22

Net income (loss) attributable to Jackson Financial Inc. common shareholders

$

644

$

168

$

209

$

133

Earnings per share

Basic

$

9.18

$

2.34

$

2.99

$

1.83

Diluted

$

9.16

$

2.34

$

2.98

$

1.83

1

Excludes certain internal exchanges

2

For the reconciliation of non-GAAP measures to the most comparable U.S. GAAP measures, please see the explanation of Non-GAAP Financial Measures in the Appendix to this release.

3

See the appendix for a reconciliation related to notable items

4

For the reconciliation of non-GAAP measures to the most comparable U.S. GAAP measures, please see the explanation of Non-GAAP Financial Measures in the Appendix to this release.

5

See reconciliation of Total Pretax Adjusted Operating Earnings, a non-GAAP financial measure, to net income in the Appendix to this release.

6

Excludes certain internal exchanges

More News From Jackson Financial Inc.

Posted by Defense World Staff on Jul 21st, 2026

Bank of New York Mellon Corp boosted its stake in Jackson Financial Inc. (NYSE:JXN – Free Report) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 910,853 shares of the company’s stock after buying an additional 24,747 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.29% of Jackson Financial worth $96,295,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Accordant Advisory Group Inc bought a new position in shares of Jackson Financial during the 4th quarter valued at approximately $1,678,000. Horizon Investments LLC purchased a new position in Jackson Financial during the fourth quarter valued at $2,638,000. Artemis Investment Management LLP purchased a new position in shares of Jackson Financial during the fourth quarter valued at about $2,696,000. Candriam S.C.A. grew its holdings in Jackson Financial by 31.5% during the 1st quarter. Candriam S.C.A. now owns 177,950 shares of the company’s stock valued at $18,813,000 after buying an additional 42,607 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in Jackson Financial by 29.3% in the first quarter. Kestra Advisory Services LLC now owns 35,593 shares of the company’s stock worth $3,763,000 after purchasing an additional 8,057 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Price Performance NYSE JXN opened at $123.13 on Tuesday. Jackson Financial Inc. has a 1 year low of $82.65 and a 1 year high of $126.69. The company has a market cap of $8.59 billion, a price-to-earnings ratio of -20.15 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The stock’s fifty day moving average price is $109.41 and its 200 day moving average price is $110.41.

Jackson Financial Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is -58.92%.

Analysts Set New Price Targets JXN has been the topic of several analyst reports. Weiss Ratings cut Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Jefferies Financial Group raised shares of Jackson Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $120.00 to $140.00 in a research note on Friday, July 10th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $125.00 to $130.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Barclays raised their target price on shares of Jackson Financial from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Jackson Financial presently has an average rating of “Moderate Buy” and a consensus price target of $126.40.

Check Out Our Latest Stock Analysis on JXN

About Jackson Financial (Free Report)

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

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LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) today announced that it will release second quarter 2026 financial results after market close on Tuesday, August 4, 2026. Jackson's press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast to discuss the results at 10 a.m. ET on Wednesday, August 5, 2026. The live webcast is open to the public and can be accessed at investors.jacks.

[url="]Jackson National Life Insurance Company[/url] (JacksonÂ), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), has been named the 2026

Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) today announced it has awarded more than $675,000 to nonprofits serving the communities where Jackson has offices: Lansing, Michigan; Nashville, Tennessee; and Chicago, Illinois. The 33 grants will support the essential work of nonprofit organizations in each location, including programs focused on enhancing access to food, health and housing; reducing food insecurity through a unique grocery store experience; and delivering groceries to the homes of elderly and homebound individuals.

“Jackson’s philanthropic efforts are driven by our strong commitment to supporting the communities where our associates live and work through programs that strengthen families and create economic opportunities,” said Susannah Berry, Assistant Vice President, Corporate Philanthropy and Events, Jackson. “Through these contributions, grantees will deliver vital programming and assistance to our neighbors who also call Lansing, Nashville and Chicago home. We value the critical services that our local nonprofit partners provide – services rooted in empathy, trust and deep community knowledge.”

Jackson awarded multiple grants to nonprofits making a difference in the Lansing community. Allen Neighborhood Center, one of the grantees in this area, received $30,000 to support the Neighbors in Need Fund. This project aims to support neighbors who struggle to meet basic needs: food, shelter, and healthcare. Funds will be used to purchase supplies needed for programs including ANC’s urban farm, Hunter Park GardenHouse; The Outreach Center, which facilitates information and referrals related to social services; and Breadbasket food pantry. The grant will also help fund subsidized memberships to its Veggie Box program, a subscription program that increases access to nutritionally-dense foods and supports mid-Michigan farmers. Through these and other initiatives, Allen Neighborhood Center empowers Lansing residents to enhance their well-being, expands economic opportunities and fosters a vibrant, connected community.

“For the last 27 years, Allen Neighborhood Center has pioneered and continued to offer successful programs in health access and education, food security, youth development, housing, economic development, and social connectivity on Lansing’s Eastside,” said Kat Logan, Associate Director, Allen Neighborhood Center. “Funding from Jackson is a direct investment in our local community: providing fresh, healthy, local food to families in need; increasing health coverage and housing services; and promoting healthy people, neighborhoods, and economies."

Included in the group of Nashville grantees is The Store, a nonprofit dedicated to ending food insecurity by providing free nutritious foods through a grocery store experience centered on dignity and choice and by offering access to services that assist clients in building long-term stability. Jackson’s $25,000 grant will help The Store supply 26,000 meals worth of food to individuals and families in need.

“We are deeply grateful for our impactful partnership with Jackson,” said Brittney Brown, Director of Mission Advancement at The Store. “Their generous support makes it possible for us to continue our mission of feeding our hungry neighbors with choice and dignity. This grant is a vital investment in our community, and we are honored to work together to create lasting change."

Nourishing Hope, an organization that promotes stability and resilience through food assistance, mental health support and social services, is among the Chicago-area nonprofits receiving a grant from Jackson. The $20,000 grant will help fund Nourishing Hope’s Home Delivery program, which provides nutritious, dietary-appropriate groceries directly to the homes of older adults and homebound individuals in the community.

“Nourishing Hope is deeply grateful for this grant and the ways it will support us in delivering our mission. In these challenging times, we remain committed to meeting neighbors where they are and connecting them with the food and resources they need – and this support helps us continue that critical work,” says Mitzi D. Baum, CEO of Nourishing Hope.

Jackson’s grant program is a critical component of its corporate philanthropic efforts. Nonprofit organizations in the Lansing, Nashville or Chicago areas interested in applying for a grant from Jackson are encouraged to submit an application for consideration by visiting the company’s website. Jackson has contributed more than $96 million to nonprofits since 2007, and Jackson associates volunteer thousands of hours annually with nonprofits nationwide.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2025. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for three consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

1 Jackson Financial Inc. is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned direct and indirect subsidiaries of JHLLC include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc. and Jackson National Asset Management, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616862481/en/

The State Street SPDR S&P 600 Small Cap Value ETF (SLYV +1.81%) and the iShares Russell 2000 Value ETF (IWN +2.32%) both target U.S. small-cap value stocks, but IWN charges a higher fee, holds many more companies, and has outperformed on recent total return.

Both SLYV and IWN aim to capture the value segment of the U.S. small-cap market, but they differ in index construction and depth of coverage. This comparison examines their costs, risks, recent performance, sector tilts, and portfolio makeup to help investors decide which approach may better fit their goals.

Snapshot (cost & size)MetricSLYVIWNIssuerSPDRISharesExpense ratio0.15%0.24%1-yr return (as of 2026-03-11)19.4%25.9%Dividend yield1.9%1.6%Beta1.021.03AUM$4.1 billion$12.5 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months.

SLYV looks more affordable in terms of fees, charging 0.15% compared to IWN’s 0.24%, while SLYV also offers a slightly higher dividend yield. The difference in expenses may add up over time for cost-conscious investors.

Performance & Risk ComparisonMetricSLYVIWNMax drawdown (5 y)-28.68%-26.71%Growth of $1,000 over 5 years$1,074$1,124What's InsideIWN tracks a broad small-cap value universe, holding 1,402 stocks and spanning 25.6 years of history. Its largest sector weights are financial services at 24%, followed by industrials and real estate, t 11%. Each Top holding, such as Echostar Corp Class A(SATS 8.20%), Hecla Mining(HL +6.69%), and Ttm Technologies Inc, accounts for less than 1.1% of assets, reflecting wide diversification. No notable structural quirks are present.

SLYV, by contrast, holds 460 companies focused on financial services, consumer cyclicals, and industrials, with more concentrated top positions like Eastman Chemical Co(EMN +2.77%), Lkq Corp(LKQ +2.00%), and Jackson Financial Inc A(JXN +2.33%), all at roughly one percent. This narrower approach may create subtle differences in sector risk and performance patterns.

For more guidance on ETF investing, check out the full guide at this link.

What this means for investorsBoth State Street SPDR S&P 600 Small Cap Value ETF (SLYV) and iShares Russell 2000 Value ETF (IWN) offer exposure to U.S. small-cap stocks. Yet, there are differences between these two ETFs.

IWN holds nearly three times as many stock positions (1,402 vs. 460) as SLYV, offering greater diversification. In addition, IWN has posted a higher return over the last year (25.9% vs. 19.4%). Finally, IWN offers greater liquidity with $12.5 billion in AUM versus $4.1 billion for SLYV.

Yet, SLYV tops IWN on some other key ETF metrics. SLYV, for example, has a lower expense ratio (0.15% vs. 0.24%). It also boasts a higher dividend yield of 1.9% compared to IWN’s 1.6%.

In summary, IWN’s diversification, higher recent returns, and larger assets under management may appeal to investors seeking scale.

On the other hand, SLYV’s lower expense ratio and slightly higher yield could attract those focused on cost efficiency.

Posted by Defense World Staff on Apr 7th, 2026

Shares of Jackson Financial Inc. (NYSE:JXN – Get Free Report) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $115.60.

A number of brokerages have recently commented on JXN. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. Morgan Stanley set a $105.00 price objective on Jackson Financial in a research report on Monday, December 15th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $123.00 price objective on shares of Jackson Financial in a research report on Thursday, March 26th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Evercore set a $118.00 price objective on Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th.

Check Out Our Latest Report on Jackson Financial

Hedge Funds Weigh In On Jackson Financial Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in Jackson Financial by 404.0% in the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Jackson Financial in the third quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Jackson Financial in the second quarter valued at approximately $30,000. Optiver Holding B.V. lifted its stake in Jackson Financial by 469.2% in the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after buying an additional 244 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its stake in Jackson Financial by 541.2% in the third quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock valued at $33,000 after buying an additional 276 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 2.1% NYSE JXN opened at $105.89 on Friday. Jackson Financial has a 52 week low of $64.70 and a 52 week high of $123.61. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $110.72 and its 200-day simple moving average is $105.36. The firm has a market cap of $7.48 billion, a PE ratio of -302.53 and a beta of 1.45.

Jackson Financial (NYSE:JXN – Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.65 earnings per share. As a group, equities analysts anticipate that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Monday, March 16th. Jackson Financial’s dividend payout ratio is currently -1,028.57%.

Jackson Financial Company Profile (Get Free Report)

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

See Also Five stocks we like better than Jackson Financial

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Posted by Defense World Staff on Apr 10th, 2026

Accordant Advisory Group Inc acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,731 shares of the company’s stock, valued at approximately $1,678,000. Jackson Financial comprises about 1.2% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 20th largest holding.

Several other large investors have also made changes to their positions in the business. Wetzel Investment Advisors Inc. lifted its position in shares of Jackson Financial by 4.5% during the 4th quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock worth $245,000 after purchasing an additional 100 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Jackson Financial by 25.5% during the 4th quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock worth $55,000 after purchasing an additional 98 shares during the last quarter. Rathbones Group PLC lifted its position in shares of Jackson Financial by 1.5% during the 4th quarter. Rathbones Group PLC now owns 27,453 shares of the company’s stock worth $2,928,000 after purchasing an additional 396 shares during the last quarter. Saxony Capital Management LLC acquired a new position in shares of Jackson Financial during the 4th quarter worth about $206,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Jackson Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 124,084 shares of the company’s stock worth $13,334,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes Several equities analysts have commented on the company. Barclays cut their price target on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley set a $105.00 price target on shares of Jackson Financial in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Evercore set a $118.00 price target on shares of Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus price target of $115.40.

Check Out Our Latest Stock Analysis on JXN

Jackson Financial Trading Down 4.1% Shares of JXN opened at $103.31 on Friday. The stock has a 50 day simple moving average of $110.02 and a 200-day simple moving average of $105.38. Jackson Financial Inc. has a 1 year low of $68.74 and a 1 year high of $123.61. The stock has a market cap of $7.30 billion, a PE ratio of -295.17 and a beta of 1.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47.

Jackson Financial (NYSE:JXN – Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.60 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. Jackson Financial’s payout ratio is -1,028.57%.

About Jackson Financial (Free Report)

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

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LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) today announced that it will release first quarter 2026 financial results after market close on Tuesday, May 5, 2026. Jackson's press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast to discuss the results at 9 a.m. ET on Wednesday, May 6, 2026. The live webcast is open to the public and can be accessed at investors.jackson.com.

LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc. (NYSE: JXN) (Jackson®) today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Key Highlights Retail annuity sales1 of $5.3 billion in the first quarter of 2026, up 31% from the first quarter of 2025, reflecting continued strong demand across our product suite Variable annuity sales1 of $2.5 billion were down 6% from the first quarter of 2025, primarily reflecting lower sales of products with li.

2 hours ago

Church & Dwight (NYSE:CHD) Director Robert Shearer Sells 8,600 SharesMarketBeat

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Robert Shearer sold 8,600 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the sale, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:CHD

LANSING, Mich.--(BUSINESS WIRE)--Jackson National Life Insurance Company® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today launched Jackson Market Link Pro® 4 (JMLP4) and Jackson Market Link Pro Advisory® 4 (JMLPA4), further strengthening Jackson's suite of registered index-linked annuities (RILAs). JMLP4 (commission-based) and JMLPA4 (fee-based) provide clients the potential to grow assets before and during retirement while offering different degrees of p.