Jackson Financial (JXN)
Sells U.S. annuities, institutional funding products, and legacy life-insurance blocks.
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Sells retail annuities and institutional funding products while managing closed life-and-annuity blocks. The business is concentrated in the United States and relies on advisor distribution, product pricing, hedging, and insurance regulation.
Runs a U.S. retirement-products business built around Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. Retail Annuities includes variable annuities, RILA, fixed and fixed index annuities, payout annuities, a defined-contribution lifetime income solution, and separate-account asset management.
Reaches customers through broker-dealers, banks, registered investment advisers, platforms, and insurance agents. Operations are centered in Lansing, with an in-house administration platform used for most in-force policies and PPM/JNAM investment-management capabilities supporting general-account and separate-account assets.
Results depend on advisor distribution access, product design and pricing, investment income, policyholder behavior, hedge effectiveness, reinsurance, and U.S. insurance and retirement-product regulation.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | Evercore ISI | Target | Target: $118 | Target: $135 |
| Aug 4, 2026 | Barclays | Reiterate | Rating: —Target: $139 | Target: $149 |
| Jul 10, 2026 | Jefferies | Upgrade | Target: $80 | Target: $140 |
| Jul 7, 2026 | Barclays | Reiterate | Rating: —Target: $137 | Target: $139 |
| Jan 8, 2026 | Barclays | Target | Target: $128 | Target: $137 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $58.19B · Total debt $2.77B · Total assets $367.07B · Shareholders' equity $9.96B
- Revenue
- $168.0M
- Operating income
- $665.0M
- Net income
- $655.0M
HistoryDividendAnnual yield
| Institutions | 94.49% | 64.00M shares | |
|---|---|---|---|
| 514 holders · as of Jun 30, 2026 | |||
| Insiders | 2.17% | 1.47M shares | |
| 17 holders · as of Sep 14, 2026 | |||
| Other | 3.34% | 2.26M shares | |
| remainder | |||
67.73M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.04% | 6.80M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.04% | 5.45M | as of Jun 30, 2026 |
TPG GP A, LLCInstitution | 6.96% | 4.72M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.08% | 4.12M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.63% | 3.14M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Christopher Raub | officer: EVP JFI; CEO PPM America | −5,000 | $130.69 |
| Aug 5, 2026 | Carrie Chelko | officer: EVP and General Counsel | −7,500 | $134.24 |
| Mar 11, 2026 | Derek G. Kirkland | director | −10,000 | $108.32 |
- Equitable
RILA leader and major variable-annuity rival
- Lincoln Financial
Broad annuity and life overlap across VA, RILA, and indexed products
- Corebridge Financial
Large retirement issuer across fixed, indexed, and RILA products
- Brighthouse Financial
Annuity and life peer led by Shield index-linked annuities
- Prudential Financial
Retirement and annuity scale across individual and institutional markets
- Apollo Global Management
Athene-backed fixed annuity and funding-agreement competitor
- Ameriprise Financial
RiverSource adds advisor-channel RILA and variable-annuity pressure
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Jackson Financial | $130.14 | +0.44% | $9.04B | 166.1 | 4.3 | 1.4 | — |
| Equitable | $52.57 | +0.71% | $14.25B | — | 6.5 | 1.3 | −29.8% |
| Lincoln Financial | $41.25 | +0.59% | $7.85B | 3.5 | 5.0 | 0.4 | +21.2% |
| Corebridge Financial | $34.02 | +0.53% | $15.08B | 19.8 | 6.6 | 1.6 | +482.9% |
| Brighthouse Financial | $52.97 | +2.06% | $2.98B | 4.1 | 2.7 | 0.5 | +166.5% |
| Prudential Financial | $118.68 | +0.87% | $40.83B | 10.6 | 8.4 | 0.6 | +2.8% |
| Apollo Global Management | $125.41 | +1.01% | $71.51B | 27.8 | 12.8 | 2.0 | +63.7% |
| Ameriprise Financial | $512.42 | +0.01% | $46.06B | 12.4 | 10.5 | 2.3 | +14.6% |
| Median | 11.5 | 6.6 | 1.3 | +21.2% |