JXN
Jackson Financial Inc.
Next earnings Aug 3, 2026 · consensus $5.53 EPS, $1.92B rev
Last earnings -4.4% on 2026-05-05
$106.74
▲ +0.28%$106.74▲ +29.99%
over 1Y
L $81.30EODHDH $120.14
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.3%
1W-2.4%
1M+3.6%
3M+6.2%
YTD+1.0%
1Y+30.0%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 8 analysts
Buy
Deep-value annuity insurer trading below book, with GAAP earnings distorted by hedge accounting and huge capital returns underneath.
Stockholders' equity $9.95B · FY2025
Jackson Financial is a leading US variable-annuity writer whose GAAP income statement is notoriously noisy — and FY2025 is a textbook case. Reported net income collapsed to $27.0M (diluted EPS -$0.24) from $946M in FY2024, while revenue swung +104% to $6.68B. These wild swings are not operating reality: they are driven by mark-to-market accounting on market risk benefits and embedded derivatives that hedge the annuity book. The 10-K's sensitivity tables show how a 100bp rate move or 10% equity move shifts the fair value of these benefits by billions, overwhelming the underlying spread/fee earnings in any single GAAP period. The five-year history (net income of $3.42B, $6.19B, $934M, $946M, $27M) underscores that GAAP EPS is the wrong lens here.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.36B | $9.85B | $3.08B | $3.27B | $6.68B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $3.42B | $6.19B | $934M | $946M | $27.0M |
| Diluted EPS | $36.17 | $69.75 | $10.76 | $11.74 | -$0.24 |
| Net margin | 53.7% | 62.8% | 30.3% | 28.9% | 0.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield0.4%
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow—
Total debt$3.00B
Net cash$2.70B
Piotroski F-Score6/7
Capital returns
Buyback yield8.9%
Dividend yield (est.)3.0%
Shareholder yield11.8%
Shares Δ YoY-2.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-222026-06-25open ↗8-KPeriod ending 2026-06-152026-06-15open ↗424B2Filing2026-06-09open ↗FWPFiling2026-06-08open ↗424B2Filing2026-06-08open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗
Frequently asked
- Is Jackson Financial Inc. (JXN) a buy?
- JXN currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Deep-value annuity insurer trading below book, with GAAP earnings distorted by hedge accounting and huge capital returns underneath.
- What is Jackson Financial Inc.'s quality score?
- JXN scores 65.08823529411764/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001822993, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:54:12 PM.
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