Jackson Financial Inc
NYSE:JXN
Jackson Financial Inc
Once a subsidiary of the global insurance and financial juggernaut Prudential plc, Jackson Financial Inc. embarked on a transformative journey when it spun off as an independent entity in 2021. Established primarily to serve the U.S. market, Jackson took root in the fertile grounds of Michigan, where it focuses on providing retirement income solutions through a suite of annuities tailored to the needs of the American populace. Leveraging decades of expertise and extensive distribution networks, Jackson has positioned itself as a formidable player among financial services companies, crafting products that promise steady income streams for individuals navigating the complexities of retirement.
At the heart of Jackson Financial's business model is the sale of annuity products, which are essentially contracts designed to provide steady financial returns to customers in exchange for an initial investment of capital. This process allows the company to generate consistent revenue through management fees, alongside investment income derived from managing the underlying assets of these annuities. It's a model built on understanding demographic trends and risk management, with Jackson actively seeking to balance its investment portfolio between predictable income and growth opportunities. By doing so, the company not only fulfills its promises to clients but also ensures its financial stability and capacity to adapt amidst the ebb and flow of economic cycles.
Once a subsidiary of the global insurance and financial juggernaut Prudential plc, Jackson Financial Inc. embarked on a transformative journey when it spun off as an independent entity in 2021. Established primarily to serve the U.S. market, Jackson took root in the fertile grounds of Michigan, where it focuses on providing retirement income solutions through a suite of annuities tailored to the needs of the American populace. Leveraging decades of expertise and extensive distribution networks, Jackson has positioned itself as a formidable player among financial services companies, crafting products that promise steady income streams for individuals navigating the complexities of retirement.
At the heart of Jackson Financial's business model is the sale of annuity products, which are essentially contracts designed to provide steady financial returns to customers in exchange for an initial investment of capital. This process allows the company to generate consistent revenue through management fees, alongside investment income derived from managing the underlying assets of these annuities. It's a model built on understanding demographic trends and risk management, with Jackson actively seeking to balance its investment portfolio between predictable income and growth opportunities. By doing so, the company not only fulfills its promises to clients but also ensures its financial stability and capacity to adapt amidst the ebb and flow of economic cycles.
Record Sales: Jackson reported the highest quarterly and annual retail annuity sales since going public, with full-year retail annuity sales nearing $20 billion, the highest since 2019.
Strong Earnings Growth: Adjusted operating earnings grew nearly 12% for the year, with adjusted operating earnings per share up over 20%.
Capital Return: The company returned $862 million to common shareholders in 2025, exceeding the top end of its target range.
Rising Dividend: The Board approved a 13% increase in Jackson's quarterly dividend, now $0.90 per share.
TPG Partnership: Jackson closed a strategic partnership with TPG, providing $650 million in value and supporting accelerated growth in spread-based business.
2026 Guidance Boost: Management raised 2026 targets: free capital generation is expected to reach or exceed $1.2 billion, and capital return guidance was increased to $900 million–$1.1 billion.
Financial Strength: The company ended 2025 with over $650 million in holding company liquidity and an RBC ratio of 567%.
