Jackson Financial (JXN) FY2023 results: revenue $3.1 billion, down 68.7% on the year
Jackson Financial Inc. (JXN) reported revenue of $3.1 billion for fiscal 2023, the year ended 31 December 2023, down 68.7% on the year before. Net income was $934 million, down 84.9%, and diluted earnings per share $10.76. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$3.1 billion
-68.7% on the year
FY2019FY2023
Operating margin
17.3%
75.3% a year earlier
FY2019FY2023
Net income
$934 million
-84.9% on the year
FY2019FY2023
Diluted EPS
$10.76
-84.6% on the year
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,310
5,206
5,682
+2.0%
Cash from investing
-592
-1,374
-1,296
Cash from financing
-6,328
-2,162
-3,774
Depreciation
n/a
n/a
11.0
Share-based compensation
107
131
129
-18.3%
Buybacks
306
321
211
-4.7%
Dividends paid
201
186
50.0
+8.1%
Dividend per share
n/a
n/a
$0.50
Diluted shares, weighted
84m
89m
94m
-5.8%
Shares outstanding at period end
79m
83m
89m
-4.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,170
8,646
7,641
+17.6%
Non-controlling interest
164
732
680
-77.6%
Short-term borrowings
970
311
n/a
+211.9%
Debt
2,037
2,635
2,649
-22.7%
Other liabilities
316,914
302,659
366,387
+4.7%
Total liabilities and equity
330,255
314,983
377,357
+4.8%
Securities held for sale or to maturity
40,422
42,489
51,547
-4.9%
Loans
10,563
10,967
11,482
-3.7%
Cash and equivalents
2,688
4,298
2,623
-37.5%
Other assets
276,582
257,229
311,705
+7.5%
Total assets
330,255
314,983
377,357
+4.8%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.