10x Insights
Loading account…
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: JXN) is a U.S. financial services company focused on retirement products, primarily offering annuities to retail investors. Its products include variable, registered index-linked, fixed, fixed index and payout annuities, as well as lifetime income solutions for defined contribution plans.… From the company’s description.

In fiscal 2025, Jackson Financial Inc. reported revenue of $6.68B, up 104.3% from fiscal 2024, and net income of $72.00M. Its operating margin was 78.6%, and operations generated $5.76B in cash. Over the twelve months to Jun 30, 2026, revenue was $6.47B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.68BFY2025
+104.3% year over year
Last 12 mo $6.47B
78.59%FY2025
−79.7 percentage points
Last 12 mo 82.62%
$72.00MFY2025
−92.6% year over year
Last 12 mo $145.00M
0.27%FY2025
−9.4 percentage points
Last 12 mo 1.03%
Cash & financing
$5.76BFY2025
−0.6% year over year
Last 12 mo $5.88B
$5.76BFY2025
−0.6% year over year
Last 12 mo $5.88B
0.20FY2025
Was 0.21× a year earlier
Last 12 mo 0.28
71.2MFY2025
−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: JXN) is a U.S. financial services company focused on retirement products, primarily offering annuities to retail investors. Its products include variable, registered index-linked, fixed, fixed index and payout annuities, as well as lifetime income solutions for defined contribution plans. Institutional products, including guaranteed investment contracts and funding agreements, serve institutional and corporate investors, plan sponsors and other eligible purchasers. The company sells through broker-dealers, banks, registered investment advisors, insurance agents and other intermediaries. It reports three segments: Retail Annuities; Institutional Products; and Closed Life and Annuity Blocks, which includes acquired life insurance and annuity business. Jackson National Asset Management manages assets associated with variable annuities, while PPM manages much of the general account portfolio and also serves third-party clients. Jackson Financial became an independent public company in 2021; its principal operating subsidiary, Jackson National Life, was founded in 1961. In 2025, total sales were $23.2 billion and assets under management were $351.1 billion. Its website is investors.jackson.com.

Company details
Sector
Financials
Industry (SIC)
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?”
See how it works →All research tools with a subscription. Use your own AI account.