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Updated: Aug 17, 2026
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Jackson Financial

NYSE:JXN·Stock Analysis Report
Day Range
$130.86 - $136.90
Market Cap
9.37B
P/E Ratio
148.7033
Avg Value
$113.83
Year Range
$89.67 - $137.99
$131.04-$3.82 (-2.83%)
1
General Information
Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life.

Its retail product offerings are comprised of annuities, designed to help retail investors save for and live in retirement. Its diverse suite of annuities includes a variable, fixed index, and fixed annuities. The company manages its business through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks and Corporate and Other segments. The company generates the majority of its revenue from the Retail Annuities segment, which offers a variety of retirement income and savings products of variable annuities, registered index-linked annuities ("RILA"), fixed index annuities, fixed annuities, and payout annuities.

2
Jackson Financial (JXN) Stock Graph
3
How We Grade Jackson Financial (JXN)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Jackson Financial (JXN) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

13.69

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

42.61

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Jackson Financial compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
VOYAVoya Financial
82.52
48.98
18.31
86.86
EQHEquitable Holdings
N/A
N/A
N/A
58.82
CRBGCorebridge Financial
87.71
N/A
27.67
53.31
ALRSAlerus Financial
N/A
14.4
34.5
89.17
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 7 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $128.00 - $149.00 with an average of $137.29

3.11%
Expected movement for Jackson Financial (JXN) over the next 12 months
Based on these rankings

Recent Ratings for Jackson Financial (JXN)

Keefe, Bruyette & Woods
Date:
Aug 5, 2026
Action:
Maintains
Prev. Target:
$130.00
New Target:
$140.00
Evercore ISI Group
Date:
Aug 5, 2026
Action:
Maintains
Prev. Target:
$128.00
New Target:
$135.00
Barclays
Date:
Aug 4, 2026
Action:
Maintains
Prev. Target:
$139.00
New Target:
$149.00
Evercore ISI Group
Date:
Jul 13, 2026
Action:
Maintains
Prev. Target:
$118.00
New Target:
$128.00
Keefe, Bruyette & Woods
Date:
Jul 13, 2026
Action:
Maintains
Prev. Target:
$125.00
New Target:
$130.00
Jefferies
Date:
Jul 10, 2026
Action:
Upgrades
Prev. Target:
$120.00
New Target:
$140.00
Barclays
Date:
Jul 7, 2026
Action:
Maintains
Prev. Target:
$136.00
New Target:
$139.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, JXN's earnings have increased for the past three years, this is a positive sign for the stock.
8
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Jackson Financial (JXN) dividend yield on an annual basis.

-59.67%
Jackson Financial (JXN) saw a decrease in its dividend yield since 2021
9
Past Performance
How has Jackson Financial (JXN) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Jackson Financial (JXN) sharpe ratio over the past 5 years is 2.3515 which is considered to be above average compared to the peer average of 0.3237

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is JXN's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
14.32
3.24
3.09
6.51
6.34
Operating Revenue
14.32
3.24
3.09
6.51
6.34
Cost Of Revenue
—
—
—
—
—
Gross Profit
—
—
—
—
—
Operating Expense
—
—
—
—
—
Selling General And Administration
0.96
1.01
1.12
1.07
1.10
Research and Development
—
—
—
—
—
Operating Income
—
—
—
—
—
Net Non-Operating Interest Income Expense
-0.11
-0.19
-0.10
-0.10
-0.10
Other Income Expense
0.08
0.07
0.04
0.06
0.06
Other Non-Operating Income Expenses
—
—
—
—
—
Pre-Tax Income
7.11
0.96
1.02
-0.11
-0.02
Tax Provision
1.37
0.00
0.05
-0.19
-0.17
Net Income
5.70
0.93
0.95
0.03
0.10
Net Income Common Stockholders
5.70
0.91
0.90
-0.02
0.06
Total Operating Income As Reported
—
—
—
—
—
Total Expenses
7.21
2.28
2.07
6.62
6.36
Net Income From Continuing And Discontinued Operation
5.70
0.93
0.95
0.03
0.10
Normalized Income
5.70
0.93
0.95
0.03
0.10
Interest Income
—
—
—
—
—
Interest Expense
0.11
0.19
0.10
0.10
0.10
Net Interest Income
-0.11
-0.19
-0.10
-0.10
-0.10
EBIT
7.22
1.14
1.12
-0.01
0.08
EBITDA
—
—
—
—
—
Reconciled Cost Of Revenue
—
—
—
—
—
Reconciled Depreciation
—
—
—
—
—
Normalized EBITDA
—
—
—
—
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.01
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
311.06
330.25
338.45
352.59
367.07
Current Assets
—
—
—
—
—
Total Non-Current Assets
—
—
—
—
—
Total Liabilities Net Minority Interest
301.90
319.92
328.47
342.24
356.59
Current Liabilities
—
—
—
—
—
Other Non-Current Liabilities
—
—
—
—
—
Total Equity Gross Minority Interest
9.15
10.33
9.98
10.34
10.47
Stockholders Equity
—
—
—
—
—
Total Capitalization
12.79
14.20
14.14
14.56
14.56
Common Stock Equity
8.42
9.64
9.23
9.42
9.43
Net Tangible Assets
8.42
10.17
9.76
9.95
9.96
Working Capital
—
—
—
—
—
Invested Capital
12.79
13.66
13.61
14.03
14.67
Tangible Book Value
8.42
9.64
9.23
9.42
9.43
Total Debt
4.37
4.03
4.38
4.61
5.24
Net Debt
0.07
1.34
0.61
—
—
Share Issued
0.09
0.09
0.09
0.09
0.07
Ordinary Shares Number
0.08
0.08
0.07
0.07
0.07
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
5.21
5.31
5.79
5.76
5.88
Net Income from Continuing Operations
5.74
0.95
0.98
0.07
0.14
Depreciation and Amortization
—
—
—
—
—
Deferred Tax
1.41
-0.21
0.29
-0.17
-0.15
Deferred Income Tax
1.41
-0.21
0.29
-0.17
-0.15
Stock-Based Compensation
0.13
0.11
0.19
0.13
0.13
Other Non-Cash Items
-2.72
-2.52
-3.26
1.43
0.77
Change in Working Capital
1.43
0.00
-0.30
-0.24
-0.28
Change in Receivables
—
—
—
—
—
Changes in Account Receivables
—
—
—
—
—
Change in Inventory
—
—
—
—
—
Change in Payables and Accrued Expense
—
—
—
—
—
Change in Payable
—
—
—
—
—
Change in Account Payable
—
—
—
—
—
Change in Other Current Assets
—
—
—
—
—
Change in Other Current Liabilities
—
—
—
—
—
Change in Other Working Capital
0.32
-0.63
0.08
0.06
0.20
Cash Flow from Continuing Investing Activities
-1.37
-0.59
-7.09
-7.76
-9.48
Net PPE Purchase and Sale
—
—
—
—
—
Net Business Purchase and Sale
—
—
—
—
—
Purchase of Business
—
—
—
—
—
Net Investment Purchase and Sale
-0.91
-2.10
-7.40
-7.21
-8.06
Purchase of Investment
-12.53
-13.91
-18.21
-15.67
-17.87
Sale of Investment
11.62
11.80
10.81
8.46
9.82
Net Other Investing Changes
-0.34
0.62
-0.34
-0.24
-0.28
Financing Cash Flow
-2.16
-6.33
2.37
3.94
5.80
Cash Flow from Continuing Financing Activities
-2.16
-6.33
2.37
3.94
5.80
Net Issuance Payments of Debt
-0.07
-0.41
0.87
-0.50
0.45
Net Long-Term Debt Issuance
-0.07
-0.41
0.87
-0.50
0.45
Long-Term Debt Issuance
0.75
0.55
1.40
0.74
1.12
Long-Term Debt Payments
-0.82
-0.95
-0.53
-1.23
-0.67
Net Short-Term Debt Issuance
—
—
—
—
—
Net Common Stock Issuance
-0.32
-0.31
-0.44
-0.67
-0.26
Common Stock Issuance
—
—
—
—
—
Common Stock Payments
-0.32
-0.31
-0.44
-0.67
-0.76
Cash Dividends Paid
-0.19
-0.24
-0.26
-0.27
-0.28
Net Other Financing Charges
-1.04
-4.89
0.67
5.88
6.58
End Cash Position
17.59
9.34
11.11
17.94
21.79
Changes in Cash
1.67
-1.61
1.08
1.94
2.20
Beginning Cash Position
15.92
10.95
10.04
16.00
19.59
Capital Expenditure
—
—
—
—
—
Issuance of Capital Stock
—
0.53
0.00
—
—
Issuance of Debt
0.75
0.55
1.40
0.74
1.12
Repayment of Debt
-0.82
-0.95
-0.53
-1.23
-0.67
Repurchase of Capital Stock
-0.32
-0.31
-0.44
-0.67
-0.76
Free Cash Flow
5.21
5.31
5.79
5.76
5.88