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US annuity company spun off from UK insurer Prudential plc, focused on variable and fixed annuities.
US annuity company spun off from UK insurer Prudential plc, focused on variable and fixed annuities.
Earns annual fees charged as a share of customers' account values in variable annuities, which carry lifetime-income guarantees that Jackson must hedge, so market moves and hedging costs shape reported results. It sells through independent advisors and broker-dealers, and has been shifting sales toward annuities that link returns to a stock index with limited downside. Spun off from Prudential plc in 2021.
Moat: narrow (scale, distribution). Long-standing annuity distribution through independent advisors gives scale, but products are largely commoditized.
Headquarters: Lansing, Michigan, US · Founded: 2021 · Employees: 3,890
Size Jackson Financial Incorporation (JXN) is a United States Financials company (Life/Health Insurance) with a market value of $8.70B, the 847th largest of 3,117 United States companies the cockpit tracks. Shares closed at $131.69 on 6 Nov 2026.
Performance Over six months the shares gained 16.8%, against +9.5% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 34.1% over the last twelve months (peer median +13.8%); the operating margin is 15.5% (peer median 9.0%).
Valuation It trades at 1.10× book value against a peer median of 2.41× (5th cheapest of 20).
Price implies The share price implies a return on equity of about 12.5%; Jackson Financial Incorporation delivers 9.5%, so the price asks more than the business earns today.
Credit Jackson Financial Incorporation has 6 bonds outstanding ($3.10B), rated BBB by the agencies and trading like BB+ at a weighted spread of 167 bp.
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.60B | $6.68B | $3.27B | $3.08B | $9.86B |
| Revenue growth | — | +104% | +6% | -69% | — |
| Net income | $885M | $27.0M | $946M | $934M | $6.19B |
| Free cash flow | $5.93B | $5.76B | $5.79B | $5.31B | $5.21B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $5.24B | $2.09B | $2.06B | $2.04B | $2.67B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Jackson Financial Incorporation JXN | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
| Corebridge Financial CRBG | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% |
| Equitable EQH | $14.1B | +24% | +6% | -183% | n/a | n/a |
| Lincoln National LNC | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JXN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.0% | +2.4% | 8th lowest of 21 |
| 6-month return | +16.8% | +9.5% | 9th highest of 21 |
| Return on equity | 9.5% | 12.1% | 8th lowest of 21 |
| Price / book | 1.10× | 2.41× | 5th cheapest of 20 |
| Trailing P/E | 10.8× | 15.6× | 6th cheapest of 20 |
| ROE the price implies | 12.5% | 18.2% | 8th least demanding of 19 |
| ROE delivered | 9.5% | 12.6% | 7th lowest of 20 |
| Bond spread | 167 bp | 100 bp | widest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| E-L Financial ELF.TO | Canada | $4.74B | +10% | +32% | 20% | 0.68× | 6.4% | 20.2% |
| Max Financial Services MFSL.NS | India | $4.68B | -25% | +18% | 3% | 7.71× | 78.7% | 3.3% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Star Health & Allied Insurance STARHEALTH.NS | India | $3.52B | +9% | +21% | 12% | 3.19× | 47.7% | 11.7% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| COFCO Capital 002423.SZ | China | $3.15B | -11% | -31% | 6% | 0.85× | 6.2% | 5.6% |
Jackson Financial Incorporation has 6 bonds outstanding with $3.10B face value. The agencies rate it BBB; its bonds trade like BB+. Weighted yield 6.54%, a spread of 167 bp over government bonds.