Jackson Financial Inc. (JXN) SEC Filings & Earnings Calls
EquiReason read 23 Jackson Financial Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-14 — Election of Donald C. Templin as new independent director to fill vacancy; former EVP/CFO of Voya Financial and Marathon Petroleum; appointed to Audit and Compensation Committees..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 8.8B
- P/E TTM
- 153.2
- Dividend yield
- 2.7%
- 52-week
- —
- Next earnings
- 3 Nov, in 10 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
3 Aug 202610-QJackson Financial reported strong Q2 2026 results with Retail Annuities pretax adjusted operating earnings up 49% YoY, driven by fee income and net investment income growth.earningsopen
Figures in the filing · each found in the filing text
| Retail Annuities Pretax Adjusted Operating Earnings · Retail Annuities · Q2-2026 | $621M | +49% y/y |
| Retail Annuities Fee Income · Retail Annuities · Q2-2026 | $1.14B | +8% y/y |
| Retail Annuities Net Investment Income · Retail Annuities · Q2-2026 | $388M | +90% y/y |
| Institutional Products Pretax Adjusted Operating Earnings · Institutional Products · Q2-2026 | $29M | +53% y/y |
| Total Assets · Q2-2026 | $367.06B | |
| Cash and Cash Equivalents · Q2-2026 | $5.99B |
Risks flagged
Market risk from hedging and derivatives
“Net gains (losses) on derivatives and investments ($2,784M) loss in Q2 2026” · word for word
Credit loss exposure on investments
“Allowance for credit losses on debt securities $24M (June 30, 2026) vs $11M (Dec 31, 2025)”
22 Jul 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Leadership transition risk with CEO and CFO changes, though internal promotions mitigate some uncertainty.
“CEO and CFO both changing on the same date, with the outgoing CEO remaining as advisor for three months.”
5 May 202610-QNet income (loss) attributable to Jackson Financial Inc. $-424M; Total revenues $2.90B (-23% y/y); Total assets $339.54Bopen
Figures in the filing · each found in the filing text
| Net income (loss) attributable to Jackson Financial Inc. · Q1-2026 | $-424M | |
| Total revenues · Q1-2026 | $2.90B | -23% y/y |
| Total assets · 2026-03-31 | $339.54B | |
| Pretax adjusted operating earnings · Q1-2026 | $430M | -3% y/y |
| Retail Annuities pretax adjusted operating earnings · Retail Annuities · Q1-2026 | $468M | +11% y/y |
| Institutional Products pretax adjusted operating earnings · Institutional Products · Q1-2026 | $28M | +56% y/y |
| Closed Life and Annuity Blocks pretax adjusted operating earnings · Closed Life and Annuity Blocks · Q1-2026 | $-29M | |
| Cash and cash equivalents · 2026-03-31 | $5.54B | |
| Share repurchases · Q1-2026 | $227M | +12% y/y |
Risks flagged
Market risk benefit volatility
“Market risk benefits (gains) losses, net $1,670 million for the three months ended March 31, 2026 vs $2,246 million for the same period in 2025.”
Net income loss
“Net income (loss) attributable to Jackson Financial Inc. $(424) million for the three months ended March 31, 2026 vs $(24) million for the same period in 2025.” · word for word
5 May 20268-K · 2.02Retail annuity sales $5.30B (+31% y/y); Variable annuity sales $2.50B (-6% y/y); Registered index-linked annuity (RILA) sales $2.00B (+68% y/y)earningsopen
Figures in the filing · each found in the filing text
| Retail annuity sales · Retail · Q1-2026 | $5.30B | +31% y/y |
| Variable annuity sales · Variable Annuity · Q1-2026 | $2.50B | -6% y/y |
| Registered index-linked annuity (RILA) sales · RILA · Q1-2026 | $2.00B | +68% y/y |
| Fixed and fixed index annuity (FIA) sales · Fixed and FIA · Q1-2026 | $756M | +335% y/y |
| Net (loss) attributable to Jackson Financial Inc. common shareholders · Q1-2026 | $-435M | |
| Adjusted operating earnings · Q1-2026 | $361M | -4% y/y |
| Adjusted operating earnings per diluted share · Q1-2026 | $5.15 | +1% y/y |
| Adjusted operating earnings per diluted share excluding notable items · Q1-2026 | $5.94 | +18% y/y |
| Total adjusted capital · Jackson National Life Insurance Company · Q1-2026 | $5.50B | |
| Estimated risk-based capital (RBC) ratio · Jackson National Life Insurance Company · Q1-2026 | 554.0% |
Risks flagged
Higher G&A expenses partially offset spread income growth.
“Higher general and administrative (G&A) expenses partially offset adjusted operating earnings.” · word for word
Net loss attributable to common shareholders widened to $435M from $35M.
“Net (loss) attributable to Jackson Financial Inc. common shareholders of $(435) million, compared to $(35) million.” · word for word
9 Apr 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
No material risk; internal succession with experienced leader
“Raub has 27 years of dedicated leadership across PPM and Jackson”
7 Apr 2026DEF 14AAnnual proxy statement disclosing executive compensation, governance, and 2025 performance.open
Figures in the filing · each found in the filing text
| Retail annuity sales · FY2025 | $19.70B | +10% y/y |
| Pretax adjusted operating earnings · FY2025 | $1.88B | |
| Adjusted Operating ROE · FY2025 | 14.7% | |
| Common share repurchases · FY2025 | $634M | |
| Common dividends · FY2025 | $228M | |
| RBC ratio · FY2025 | 567.0% | |
| Free cash flow growth (excl. Hickory Re capitalization) · FY2025 | 30.0% | |
| Net income (loss) attributable to common shareholders · FY2025 | $-17M |
Guidance
2026 capital return target $900M-$1.1B, up from $700-800M in 2025
Raised 2026 capital return target to $900M-$1.1B, reflecting confidence in capital generation and growth.
Risks flagged
Net loss under GAAP
“Net income (loss) attributable to common shareholders $(17)” · word for word
Market and interest rate sensitivity
“the net impact of equity market total returns over the period outside a corridor of 7% above or below the equity market total return assumption under Jackson’s business plan” · word for word
24 Feb 202610-KTotal Sales $23.21B (+17% y/y); Retail Annuity Sales $19.70B (+11% y/y); Assets Under Management $351.06B (+8% y/y)open
Figures in the filing · each found in the filing text
| Total Sales · FY2025 | $23.21B | +17% y/y |
| Retail Annuity Sales · Retail Annuities · FY2025 | $19.70B | +11% y/y |
| Assets Under Management · FY2025 | $351.06B | +8% y/y |
| Adjusted Operating Earnings · FY2025 | $1.61B | +12% y/y |
| Free Cash Flow · FY2025 | $838M | +9% y/y |
| Share Repurchases · FY2025 | $634M | +53% y/y |
| Adjusted Operating ROE · FY2025 | 14.7% | |
| Jackson Statutory RBC Ratio · FY2025 | 567.0% | |
| Institutional Product Sales · Institutional Products · FY2025 | $3.50B | |
| Net Income (Loss) Attributable to Common Shareholders · FY2025 | $-17M |
Risks flagged
Net income volatility due to hedging and market movements
“Net income (loss) attributable to Jackson Financial Inc. common shareholders ($17) million in 2025 vs $902 million in 2024.” · word for word
18 Feb 20268-K · 2.02Released earnings results and quarterly financialsearningsopen
Risks flagged
No specific risks identified in excerpt.
18 Feb 20268-K · 7.01GAAP net loss attributable to common shareholders $-17M; Non-GAAP adjusted operating earnings $1.60B; Capital return to common shareholders $862Mopen
Figures in the filing · each found in the filing text
| GAAP net loss attributable to common shareholders · FY2025 | $-17M | |
| Non-GAAP adjusted operating earnings · FY2025 | $1.60B | |
| Capital return to common shareholders · FY2025 | $862M | |
| Risk-based capital ratio · FY2025 | 567.0% | |
| Free cash flow · FY2025 | $838M |
Risks flagged
GAAP net loss due to non-operating items; reliance on non-GAAP metrics.
“GAAP net loss of $17M vs non-GAAP earnings of $1.6B”
11 Feb 20268-K · 8.01Shares issued to TPG Partnership 4,715,554; TPG Class A shares received by JBLLC 2,279,109open
Figures in the filing · each found in the filing text
| shares issued to TPG Partnership | 4,715,554 | |
| TPG Class A shares received by JBLLC | 2,279,109 |
Risks flagged
Forward-looking statements caution about risks related to the investment and business conditions.
“forward-looking statements ... subject to known and unknown risks and uncertainties”
6 Jan 20268-K · 3.02, 7.01, 8.01Common shares issued 4,715,554; equity investment amount $500M; ownership percentage post-issuance 6.5share dilutionopen
Figures in the filing · each found in the filing text
| common shares issued · Q1-2026 | 4,715,554 | |
| equity investment amount · Q1-2026 | $500M | |
| ownership percentage post-issuance · Q1-2026 | 6.5% |
Risks flagged
Dilution of existing shareholders by 6.5%.
“Sale of 4,715,554 shares representing 6.5% of post-issuance common stock.”
Execution risk in establishing and operating Hickory Re captive reinsurer.
“New captive reinsurer Hickory Re to be capitalized; regulatory and operational risks.”
4 Nov 20258-K · 7.01GAAP earnings $65M; Non-GAAP earnings $433M; GAAP earnings per share $0.92; Guidance: Full year capital return expected to exceed top of $700-800M rangeopen
Figures in the filing · each found in the filing text
| GAAP earnings · Q3-2025 | $65M | |
| Non-GAAP earnings · Q3-2025 | $433M | |
| GAAP earnings per share · Q3-2025 | $0.92 | |
| Non-GAAP earnings per share · Q3-2025 | $6.16 | |
| Capital return · Q3-2025 | $210M | |
| Statutory RBC ratio · Q3-2025 | 579.0% | |
| Free cash flow · Q3-2025 | $216M | |
| Adjusted book value attributable to common shareholders · Q3-2025 | $11.00B | |
| Total common shareholders' equity · Q3-2025 | $9.70B |
Guidance
Full year capital return expected to exceed top of $700-800M range
Jackson Financial raises capital return guidance, expects to exceed top of targeted range, supported by strong earnings and liquidity.
Risks flagged
Mortality risk in closed block segment partially offset earnings
“3Q25 benefited from higher spread income... partially offset by higher mortality in the closed block segment”
4 Nov 202510-QJackson Financial reported Q3 2025 results with pretax adjusted operating earnings of $505 million, up 22.9% year-over-year, driven by higher net investment income and strong segment performance.earningsopen
Figures in the filing · each found in the filing text
| Pretax Adjusted Operating Earnings · Consolidated · Q3-2025 | $505M | +23% y/y |
| Net Income (Loss) Attributable to Jackson Financial Inc. · Consolidated · Q3-2025 | $76M | |
| Total Assets · Consolidated · 2025-09-30 | $353.56B | |
| Separate Account Assets · Consolidated · 2025-09-30 | $239.05B | |
| RILA Account Value · Retail Annuities · 2025-09-30 | $17.83B | |
| Share Repurchase Authorization Remaining · Corporate · 2025-10-24 | $1.10B | |
| Common Dividend Per Share · Corporate · Q4-2025 | $0.80 |
Risks flagged
Credit Loss Exposure on Mortgage Loans
“Allowance for credit losses on mortgage loans increased to $143 million at September 30, 2025 from $121 million at December 31, 2024.”
Interest Rate Sensitivity
“Unrealized losses on debt securities remain elevated at $3,734 million at September 30, 2025, primarily due to widening credit spreads or rising risk-free rates since purchase.”
Market Risk Benefit Volatility
“Net gains (losses) on market risk benefits were $226 million gain in Q3 2025 vs $1,172 million loss in Q3 2024, indicating significant volatility.” · word for word
Jackson Financial Inc. — questions
- What did Jackson Financial Inc. file recently?
- 23 SEC filings in the last 12 months. Latest: 8-K on 2026-10-14 — Election of Donald C. Templin as new independent director to fill vacancy; former EVP/CFO of Voya Financial and Marathon Petroleum; appointed to Audit and Compensation Committees.
Every figure on this page comes from Jackson Financial Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.