JXN-PA

MKT CAP:$2B

Jackson Financial Inc.

Market Cap

$2B

Financial Services·Insurance - Life·🇺🇸 United States·NYSE

Financials·Insurance - Life·🇺🇸·NYSE

Stock Price

$26.09-$0.16 (-0.59%)

Apr 23, 2026

Company Details

Jackson Financial Inc., through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and A...

CEO

Laura Louene Prieskorn

IPO Date

Mar 7, 2023

Website

www.jackson.com

Key Metrics TTM

Revenue

$3.8B

-57.2% YoY

Net Income

-$958M

EPS (Diluted)

-$12.68

Free Cash Flow

$5.9B

Revenue / Share

$49.81

Gross Margin

55.5%

Operating Margin

-34.2%

Net Margin

-25.0%

FCF Margin

153.7%

P/S

0.5x

P/E

—

Earnings Reports

Q4 2024

May 12, 2026

PENDING

Q3 2024

Sep 30, 2024

$2.1B-19.3%EPS -$6.23

Q2 2024

Jun 29, 2024

$1.2B+178.4%EPS $3.43

Q1 2024

Mar 29, 2024

-$359M+52.4%EPS $9.94

Q4 2023

Feb 28, 2024

$905MEPS -$19.82

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$4.8B	$2.6B	$1.8B
Q4 20	$538M	$599M	-$163M
Q4 21	$1.7B	$1.7B	$748M
Q2 22	$6.7B	$4.9B	$4.1B
Q1 23	-$754M	-$1.3B	-$2.1B
Q2 23	$431M	$2.3B	$1.5B
Q3 23	$2.6B	$4.3B	$3.5B
Q4 23	$905M	-$1.1B	-$2.0B
Q1 24	-$359M	$1.7B	$903M
Q2 24	$1.2B	$1.1B	$318M
Q3 24	$2.1B	$356M	-$579M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q4 20	—	—
Q4 21	—	—
Q2 22	0.1x	0.4x
Q1 23	0.2x	0.8x
Q2 23	0.3x	0.6x
Q3 23	0.2x	0.3x
Q4 23	0.6x	2.1x
Q1 24	0.6x	0.6x
Q2 24	0.5x	0.9x
Q3 24	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	$1.1B	$1.1B
Q4 20	$1.3B	$1.3B
Q4 21	$2.1B	$2.1B
Q2 22	$1.2B	$1.2B
Q1 23	$1.5B	$1.5B
Q2 23	$1.1B	$1.1B
Q3 23	$1.1B	$1.1B
Q4 23	$1.6B	$1.6B
Q1 24	$1.4B	$1.4B
Q2 24	$1.5B	$1.5B
Q3 24	$1.4B	$1.4B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-115.6%	-56.8%
Q2 23	-19.8%	-247.6%
Q3 23	+53.7%	-196.8%
Q4 23	-86.5%	+11.5%
Q1 24	+52.4%	-197.1%
Q2 24	+178.4%	+185.3%
Q3 24	-19.3%	+393.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$0	0.0%
Q4 20	$0	0.0%
Q4 21	$0	0.0%
Q2 22	-$2M	-0.0%
Q1 23	$24M	—
Q2 23	$15M	3.5%
Q3 23	$35M	1.3%
Q4 23	$33M	3.6%
Q1 24	$45M	—
Q2 24	$48M	4.0%
Q3 24	$69M	3.3%

OpEx Breakdown

Quarter	G&A
Q1 20	$239M
Q4 20	$294M
Q4 21	$306M
Q2 22	$153M
Q1 23	$236M
Q2 23	$238M
Q3 23	$232M
Q4 23	$301M
Q1 24	$271M
Q2 24	$258M
Q3 24	$310M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	69M	—	—
Q4 20	95M	+36.4%	—
Q4 21	94M	-0.3%	—
Q2 22	89M	-5.6%	—
Q1 23	83M	-7.3%	+19.0%
Q2 23	85M	+2.6%	-10.6%
Q3 23	83M	-2.3%	-12.3%
Q4 23	81M	-2.5%	-9.5%
Q1 24	79M	-2.3%	-4.6%
Q2 24	77M	-2.3%	-9.1%
Q3 24	77M	+0.0%	-6.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q4 20	—	—
Q4 21	—	—
Q2 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	$235.7K	4K
Q1 24	-$93.5K	4K
Q2 24	$312.5K	4K
Q3 24	$545.1K	4K

Revenue / Employee