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Jackson Financial Inc. (JXN)

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Jackson Financial Inc. (JXN) reported revenue of $168 million for Q2 FY2026, the quarter ended 30 June 2026. Net income was $655 million, up 265.9% on the year, and diluted earnings per share $9.16. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue$168 million
Net income$655 millionup 265.9%
Diluted EPS$9.16
QuarterQ2 FY2026ended 30 June 2026

Jackson Financial (JXN) in brief

Jackson Financial (JXN) reported revenue of $6.7 billion for fiscal 2025, the year ended 31 December 2025, up 104.3% on the year before.
Read moreNet income was $27 million and the diluted loss per share $0.24. Revenue was $3.3 billion in fiscal 2024, $3.1 billion in fiscal 2023, $9.8 billion in fiscal 2022 and $6.4 billion in fiscal 2021. Net income in the same years was $946 million, $934 million, $6.2 billion and $3.4 billion. Over the twelve months to 30 June 2026, Jackson Financial reported revenue of $6.5 billion and net income of $103 million. Revenue grew 13.5% a year, compounded, over the five years to fiscal 2025. Jackson Financial declared $3.40 a share in dividends over the last four quarters and had 68 million shares outstanding at the latest filed count. At the close of 9 October 2026 the market cap of Jackson Financial was $8.8 billion, 158.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE1.0%
ROCE28.4%
Operating margin55.8%
Net margin1.6%
FCF marginn/a
Interest cover35.42
Debt to equity0.28
Cash conversion57.14
Share count, 1 year-2.5%
Sales CAGR, 3 years-12.1%
Profit CAGR, 3 years-83.7%
EPS, TTM$0.82

At the close of 9 October 2026

Price$129.60
Market cap$8.8 billion
Stock P/E158.05
Price to book0.89
EV / EBITDAn/a
Dividend yield2.6%
Market cap / sales1.36
52-week high$140.63
52-week low$90.62
Price, 1 year29.6%
Price CAGR, 3 years50.3%
Price CAGR, 5 years36.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Jackson Financial Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
JXNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on JXN

Filings25 in twelve months: 18 current reports (8-K), about 7 regulation FD disclosure; 4 results of operations; 3 officer or director change; 3 new financial obligation; 3 other events
Planned insider sales2 Form 144 notices in twelve months, $1.1 million; latest 11 March 2026
Options tapeput/call 4.22 by open interest at the 9 October 2026 close; the straddle prices a 3.2% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.4 million shares short, 2.98 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,585892-3221,2472,1212253,750-4711,4161,9882,902168
Operating income1,959205-1,0075691,379-4953,073-1,1527021,2632,167-519
Operating margin76%23%n/a46%65%-220%82%n/a50%64%75%-309%
Interest expense28.035.025.026.025.025.025.025.025.025.025.027.0
Pre-tax income3,502-1,955903318-579380-17.018972.0-358-400665
Tax rate20%n/a11%11%n/a6%n/a2%-26%n/an/a1%
Net income2,773-1,559795275-469345-24.017976.0-204-424655
Net margin107%-175%n/a22%-22%153%-1%n/a5%-10%-15%390%
Diluted EPS$33.35-$19.64$9.94$3.43-$6.37$4.74-$0.48$2.34$0.92-$3.02-$6.24$9.16
Operating cash flow1,1291,6341,4261,4781,3641,5251,5941,1731,3701,6211,0451,849
Buybacks72.070.012010911499.0202158157152227227
Dividends paid51.049.054.053.053.051.058.057.054.054.064.062.0
Shares outstanding80m79m77m76m74m73m72m70m68m67m70m68m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue3,4783,5466,3609,8483,0833,2716,6836,474
Operating income1,4122,2473,5217,4165344463,8863,613
Operating margin40.6%63.4%55.4%75.3%17.3%13.6%58.1%55.8%
Interest expense99.088.037.098.0109101100102
Pre-tax income-811-2,4914,0477,7349581,022-114-21.0
Income tax-369-8546661,5054.046.0-186-166
Effective tax raten/an/a16.5%19.5%0.4%4.5%n/an/a
Net income-497-1,6343,4176,18693494627.0103
Net margin-14.3%-46.1%53.7%62.8%30.3%28.9%0.4%1.6%
Diluted EPS-$13.16-$24.14$36.17$69.75$10.76$11.74-$0.24$0.82
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Jackson Financial: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow4,3683,7125,6825,2065,3105,7935,7585,885
Cash from investing-8,329-4,333-1,296-1,374-592-7,090-7,756-9,485
Cash from financing1,927705-3,774-2,162-6,3282,3733,9355,802
Share-based compensation79.056.0129131107191132134
Buybacks0.00.0211321306442669763
Dividends paid0.00.050.0186201211223234
Dividend per sharen/an/a$0.50n/an/an/an/a$3.40
Diluted shares, weighted38m68m94m89m84m77m71m70m
Shares outstanding at period end38m94m89m83m79m73m67m68m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity7,3219,4297,6418,64610,1709,7649,9539,962
Non-controlling interestn/a494680732164218389512
Short-term borrowingsn/a455n/a311970n/an/an/a
Debtn/a3222,6492,6352,0372,0342,0302,769
Other liabilitiesn/a342,756366,387302,659316,914326,434340,214353,822
Total liabilities and equityn/a353,456377,357314,983330,255338,450352,586367,065
Owned
Securities held for sale or to maturityn/a59,07551,54742,48940,42240,28947,32152,208
Loansn/a10,72811,48210,96710,5639,91110,21111,009
Cash and equivalents1,9342,0192,6234,2982,6883,7675,7045,986
Other assetsn/a281,634311,705257,229276,582284,483289,350297,862
Total assetsn/a353,456377,357314,983330,255338,450352,586367,065
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a13.5%-12.1%15.1%
Profit growth, compoundedn/an/a-83.7%232.3%
Return on equity, averagen/a27.1%6.4%0.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Jackson Financial's revenue in fiscal 2025?

Jackson Financial (JXN) reported revenue of $6.7 billion for fiscal 2025, the year ended 31 December 2025, up 104.3% on the year before.

How much did Jackson Financial earn in fiscal 2025?

Net income was $27 million for fiscal 2025, and the diluted loss per share $0.24.

What is Jackson Financial's P/E ratio?

At the close of 9 October 2026, Jackson Financial traded at 158.0 times its earnings over the twelve months to 30 June 2026.

What is Jackson Financial's market cap?

The market cap of Jackson Financial was $8.8 billion at the close of 9 October 2026.

Does Jackson Financial pay a dividend?

Yes. Jackson Financial declared $3.40 a share in dividends over the four quarters to 30 June 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Manulife Financial Corporation MFC *$71.2 billion19.7011.1%n/an/a0.153.3%
Metlife Inc. MET$62.7 billion18.8013.2%8.3%8.7%0.522.3%
Sun Life Financial Inc. SLF *$42.6 billion17.8314.5%n/a8.0%0.333.5%
Prudential Financial Inc. PRU$39.0 billion10.2512.4%7.6%9.4%0.624.8%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.2 billion19.948.5%5.4%29.1%0.832.9%
Globe Life Inc. GL$15.1 billion10.9119.7%24.2%5.2%0.480.7%
Jackson Financial Inc. JXN$8.8 billion158.051.0%55.8%15.1%0.282.6%
Voya Financial, Inc. VOYA$8.6 billion15.9713.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0631.5%29.9%8.6%0.241.5%
Lincoln National Corp. LNC$7.7 billion3.4920.8%14.7%7.9%0.574.5%
Genworth Financial Inc. GNW$3.6 billion18.062.4%5.4%2.1%0.17n/a
All 74 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.11 trillion12.9611.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$343.3 billion24.4113.5%4.8%6.5%0.672.3%
Chubb Ltd. CB$131.6 billion12.0714.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$126.4 billion10.9134.1%16.2%10.5%0.246.4%
Elevance Health, Inc. ELV$89.5 billion18.3511.1%2.7%6.3%0.691.7%
Marsh & McLennan Companies, Inc. MRSH$84.0 billion21.4825.8%21.6%8.3%1.272.0%
Travelers Companies, Inc. TRV$76.9 billion9.8325.1%21.1%2.4%0.270.8%
Cigna Group CI$74.6 billion11.6815.1%3.5%7.8%0.682.1%
Manulife Financial Corporation MFC *$71.2 billion19.7011.1%n/an/a0.153.3%
Metlife Inc. MET$62.7 billion18.8013.2%8.3%8.7%0.522.3%
Arthur J. Gallagher & Co. AJG$59.6 billion38.586.6%12.6%26.3%0.571.1%
Allstate Corp. ALL$58.3 billion4.5839.4%23.2%5.9%0.221.7%
Aon plc AON$58.0 billion15.0740.8%26.5%4.9%1.351.1%
Aflac Inc. AFL$57.5 billion12.3516.0%32.0%13.6%0.282.1%
Humana Inc. HUM$51.7 billion40.786.7%1.9%18.3%0.620.8%
Sun Life Financial Inc. SLF *$42.6 billion17.8314.5%n/a8.0%0.333.5%
American International Group, Inc. AIG$40.4 billion14.097.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.0 billion10.2512.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.0 billion8.3522.2%17.3%7.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.6 billion7.4719.5%26.9%0.4%0.185.2%
Centene Corp. CNC$32.3 billionn/a-22.6%-2.8%13.9%0.71n/a
Willis Towers Watson plc WTW$27.5 billion18.2220.4%22.2%3.0%0.751.2%
Everest Group, Ltd. EG$27.4 billion7.7912.4%13.4%-5.1%0.032.2%
W. R. Berkley Corp. WRB$26.7 billion14.7619.6%n/a4.3%n/a2.6%
Cincinnati Financial Corp. CINF$25.1 billion7.7120.0%29.8%19.6%0.052.1%
Principal Financial Group Inc. PFG$23.0 billion15.2712.8%11.9%3.7%0.362.9%
Loews Corp. L$21.8 billion13.098.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$20.8 billion19.849.6%n/a34.2%0.621.0%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.2 billion19.948.5%5.4%29.1%0.832.9%
Globe Life Inc. GL$15.1 billion10.9119.7%24.2%5.2%0.480.7%
Unum Group UNM$14.5 billion21.376.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.4 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.2 billion12.7317.4%9.9%9.4%0.351.2%
American Financial Group Inc. AFG$11.7 billion12.3319.8%14.5%-0.2%0.385.2%
Erie Indemnity Co. ERIE$11.6 billion20.1123.4%17.9%3.7%0.00n/a
Fidelity National Financial, Inc. FNF$10.4 billion13.5110.4%11.3%13.0%0.595.2%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.2 billion8.3718.7%14.8%12.1%n/a9.6%
Jackson Financial Inc. JXN$8.8 billion158.051.0%55.8%15.1%0.282.6%
Voya Financial, Inc. VOYA$8.6 billion15.9713.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0631.5%29.9%8.6%0.241.5%
Lincoln National Corp. LNC$7.7 billion3.4920.8%14.7%7.9%0.574.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.6527.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.6 billion10.4720.6%15.4%5.6%0.23n/a
Enact Holdings, Inc. ACT$6.4 billion9.6812.7%69.1%2.5%0.141.9%
First American Financial Corp. FAF$6.2 billion8.4713.3%12.3%22.6%n/a3.6%
Mercury General Corp. MCY$5.7 billion6.0733.0%18.3%10.0%0.331.2%
Mgic Investment Corp. MTG$5.7 billion8.5714.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.6 billion8.7212.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.1 billion11.7025.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.0 billion10.4513.6%11.5%7.0%0.251.9%
CNO Financial Group, Inc. CNO$4.9 billion18.2110.8%13.3%6.0%0.521.3%
Radian Group Inc. RDN$4.5 billion8.7211.2%n/a37.1%0.143.0%
Corvel Corp. CRVL$3.9 billion34.3028.2%n/a7.1%n/an/a
Genworth Financial Inc. GNW$3.6 billion18.062.4%5.4%2.1%0.17n/a
Palomar Holdings, Inc. PLMR$3.4 billion17.5920.7%24.1%60.0%0.30n/a
Assured Guaranty Ltd. AGO$3.1 billion9.336.3%37.0%-10.6%0.311.9%
NMI Holdings, Inc. NMIH$3.0 billion7.8814.6%69.3%7.5%0.25n/a
SiriusPoint Ltd. SPNT$2.9 billion6.0922.2%18.4%22.6%0.30n/a
Brighthouse Financial, Inc. BHF$2.8 billion3.9012.7%14.7%2.6%0.48n/a
F&G Annuities & Life, Inc. FG$2.5 billion6.589.1%n/a15.0%0.495.0%
HCI Group, Inc. HCI$2.4 billion8.2528.7%48.4%22.8%0.030.8%
Horace Mann Educators Corp. HMN$1.8 billion10.6411.8%12.4%5.9%0.403.1%
Kemper Corp. KMPR$1.6 billionn/a-22.6%n/a-4.5%0.434.7%
Alignment Healthcare, Inc. ALHC$1.6 billion39.7115.4%1.2%37.2%1.22n/a
Stewart Information Services Corp. STC$1.5 billion11.128.1%5.9%22.5%0.394.0%
Safety Insurance Group Inc. SAFT$1.5 billion22.387.8%6.8%7.2%0.063.5%
United Fire Group Inc. UFCS$1.4 billion10.2414.4%12.0%11.4%0.151.2%
Trupanion, Inc. TRUP$1.1 billion49.215.7%1.6%11.8%0.24n/a
Employers Holdings, Inc. EIG$887 million60.270.9%0.8%-5.8%0.152.5%
Amerisafe Inc. AMSF$453 million9.8518.8%17.5%9.5%n/a6.4%
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
13 companies share its SEC industry code (Life Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20263 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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