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Companies / Financials / Jackson Financial Inc.
JXN

Jackson Financial Inc.

FinancialsLife Insurance
Ticker JXNLANSING, MIFiscal year ends DecemberBook value per share $141.95Diluted shares 70.2M

Jackson Financial Inc. (NYSE: JFI) is a financial services company headquartered in Lansing, Michigan, with additional offices in Franklin, Tennessee and Chicago, Illinois. The company operates at investors.jackson.com and focuses on helping Americans secure their financial futures through a comprehensive suite of… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.68B
+104.3% year over year
Last 12 mo $6.47B
0.00%
$72.00M
−92.6% year over year
Last 12 mo $145.00M
0.27%
−9.4 percentage points
Last 12 mo 1.03%
Cash & financing
$5.76B
−0.6% year over year
Last 12 mo $5.88B
$5.76B
−0.6% year over year
Last 12 mo $5.88B
0.20
Was 0.21× a year earlier
Last 12 mo 0.28
71.2M
−7.3% year over year
Last 12 mo 70.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Jackson Financial Inc. does

In the company’s own words

Jackson Financial Inc. (NYSE: JFI) is a financial services company headquartered in Lansing, Michigan, with additional offices in Franklin, Tennessee and Chicago, Illinois. The company operates at investors.jackson.com and focuses on helping Americans secure their financial futures through a comprehensive suite of annuity products and related services.

The company operates three reportable segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. Retail Annuities represents the core business, offering variable annuities, registered index-linked annuities (RILAs), fixed and fixed index annuities, and payout annuities to retail investors. Jackson Financial ranks among the leading annuity providers in the United States, holding the seventh largest position by sales as of September 2025. The company's variable annuities have been among the best-selling products in their category, distinguished by broad investment options and optional guaranteed benefits including Guaranteed Minimum Withdrawal Benefits for Life (GMWB for Life), Enhanced Guaranteed Minimum Death Benefits (Enhanced GMDB), and other protective features. The Institutional Products segment generates investment spread-based income through guaranteed investment contracts, funding agreements, and other institutional offerings. The Closed Life and Annuity Blocks segment manages acquired blocks of life insurance and annuity business, including over 1.3 million policies in force.

Jackson Financial distributes its products through approximately 500 broker-dealer partners representing over 121,000 appointed advisors across independent broker-dealers, banks, wirehouses, and regional broker-dealers. The company also serves more than 2,100 registered investment advisory firms with approximately 28,000 investment advisory representatives. The company's principal operating subsidiary, Jackson National Life Insurance Company, was founded in 1961 and is licensed to distribute insurance products across all 50 states and the District of Columbia.

The company maintains a scalable operating platform administering approximately 82% of its in-force policies in-house, supporting competitive advantages in cost efficiency and customer service. Jackson National Asset Management LLC (JNAM) manages separate account assets for variable annuities, while PPM America manages the general account investment portfolio and provides third-party investment management services. As of December 31, 2025, the company managed approximately $351 billion in assets under management and generated total sales of $23.2 billion.

Company details
Sector
Financials
Industry
Life Insurance
Headquarters
LANSING, MI
Fiscal year end
December
CIK
1822993
SIC
6311

Financial performance, year by year

Fiscal 2020–2025 · USD
$-3.26B$1.60B$6.46B$11.31B$16.17B202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Jackson Financial Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

364
funds hold it
0 of 35
superinvestors hold it
$2.95B
held by funds, at market
41.0%
of shares held by funds
6
bond issues held by funds

Largest fund holders · Jackson Financial Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.16%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.19%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
0.17%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Jackson Financial Inc.’s bonds, as funds hold them

Funds report holding 6 issues of Jackson Financial Inc.’s debt, $530.46M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.03%, maturing 2027 to 2051.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • How do Jackson Financial Inc. and its peers compare on margins and cash generation over ten years?
  • Where did five years of Jackson Financial Inc.'s earnings go — cash, debt, buybacks, reinvestment?
  • What changed in Jackson Financial Inc.'s last four quarterly filings that the numbers alone won't show?
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