**Jackson Financial Inc. Reports Fiscal Year 2025 Results**
Jackson Financial Inc. (JXN), a financial services company focused on retirement solutions, released its 10-K filing for the fiscal year ended December 31, 2025, reporting total sales of $23.21 billion, compared to $19.85 billion in 2024. The company's assets under management (AUM) reached $351.06 billion, up from $324.72 billion in the previous year. The increase in AUM was attributed to sales of RILA, fixed and fixed index annuities, and institutional products, along with a focus on growing its institutional client assets, and favorable equity market performance.
The company reported a net loss attributable to Jackson Financial Inc. common shareholders of $17 million for 2025, a significant change from the net income of $902 million reported in 2024. Adjusted Operating Earnings, a non-GAAP measure used by the company to assess underlying performance, increased to $1.61 billion from $1.44 billion in the prior year. The company's Return on Equity (ROE) attributable to common shareholders was (0.2)%, compared to 9.4% in 2024, while Adjusted Operating ROE on average adjusted book value increased to 14.7% from 12.9% in the previous year.
Strategic developments included a long-term strategic partnership with TPG Inc., which closed on February 11, 2026, and the formation of Hickory Brooke Reinsurance Company. As part of the TPG transaction, TPG acquired an approximate 6.5% equity stake in Jackson Financial for $500 million. The company also continued its share repurchase program, repurchasing $634 million worth of common shares during 2025, and paid dividends on common shares totaling $228 million. Jackson statutory risk-based capital ratio was 567%, compared to 572% in 2024.
Key operational developments included the continued growth of the RILA market, with a compound annual growth rate of 27% from 2021 through 2025. The company's retail annuities are distributed through approximately 500 broker-dealer distribution partners and more than 121,000 appointed advisors, as well as more than 2,100 registered investment advisory firms. The company's in-house policy administration platform administers approximately 82% of its in-force policies. As of December 31, 2025, the company had approximately 3,890 associates.
Looking ahead, Jackson Financial has set a capital return target for common shareholders of $900 million to $1.1 billion for 2026. The company expects free capital generation in 2026 to be at or above $1.2 billion, assuming a 5% equity market total return and rates following the year-end forward curve. The company intends to continue using its diverse product offerings, distribution capabilities, and operating platform to pursue growth opportunities.
About Jackson Financial Inc.
Jackson Financial Inc. is a U.S.-based financial services company specializing in retirement solutions, primarily offering a broad range of annuities including variable, fixed, fixed index, and registered index-linked products. It serves retail investors through extensive distribution channels, leveraging a scalable operating platform and industry-leading brand. The company focuses on risk management, product innovation, and efficient administration to provide income and asset growth opportunities for retirees.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.