Jackson Financial Inc.(JXN)Stock Analysis
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Rank #460 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
JXN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Jackson Financial Inc. (JXN), a Financials sector company. 13F Pro's AI-powered ranking engine scores JXN at 67.5/100 on a 32-signal composite quality model, placing it at rank #460 of 2,879 stocks — the top 25% of the AI-ranked universe. JXN scores in the top quartile across revenue growth (96.8), free cash flow (89.6), revenue scale (89.4). Areas of concern include earnings quality (30.0) and balance sheet strength (35.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 41.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Jackson Financial Inc. reports quarterly revenue of $2.9B, net income of $-424.0M, free cash flow of $1.0B. Top institutional holders of JXN by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, TPG GP A,, based on the most recent SEC filings. JXN trades on the NYSE exchange and files with the SEC under CIK 1822993. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate JXN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Jackson Financial Inc. directly from SEC EDGAR. Jackson Financial Inc.'s 13F Pro composite quality score has ranged between 47 and 79 since 2022, currently 67.5 — an improving long-term trajectory across 24 quarterly and live scoring snapshots.
What's Driving JXN's Business? Latest 10-Q Breakdown
AI-extracted from Jackson Financial Inc.'s 10-Q filed 2026-05-05 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Jackson Financial reported a net loss of $435M for Q1 2026, driven by $831M unfavorable variance in derivatives and investments, though Adjusted Operating Earnings of $361M showed resilience in core business operations.
Biggest Revenue Drivers
Fee income from annuities and institutional products, driven by average separate account values.
Total net investment income including $199M on funds withheld reinsurance assets.
Freestanding derivative losses of $434M partially offset by embedded derivative gains of $764M.
Largest Expense Items
Higher incentive compensation and commissions driven by RILA and fixed index annuity sales.
Higher average institutional account balances and increased retail new business.
Margins: The company reported a pretax loss of $400M, driven primarily by $831M unfavorable swings in derivatives and investments hedge results. However, Adjusted Operating Earnings of $361M (excluding hedging and other non-operating items) reflects margin resilience in core spread and fee-based operations, with Retail Annuities pretax adjusted operating earnings increasing $48M YoY.
Watch Items from the Filing
- Market volatility and interest rate movements create significant earnings volatility: Q1 derivatives losses were $434M versus gains of $1,013M in Q1 2025, a $1.4B swing driven by interest rate and equity market movements.
- Variable annuity net flows deteriorated to negative $4,958M in Q1 2026 versus negative $4,782M in Q1 2025, driven by surrenders from mature policies exiting surrender charge periods and attraction to alternatives like RILA.
- Unrealized losses on available-for-sale debt securities increased to $4,079M at March 31, 2026 from $3,751M at year-end 2025, reflecting rising interest rates and widening credit spreads.
- TPG Inc. transaction closed February 11, 2026: Jackson issued 4,715,554 shares for $500M (6.5% stake) and received $150M in TPG common stock; partnership aims to expand spread-based product sales and diversify earnings.
- Free cash flow of $288M generated in Q1 2026 (vs $213M in Q1 2025); company targets $900M–$1.1B capital return to common shareholders in 2026 through dividends and buybacks.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$2.9B
Net Income
Q1 2026
$-424.0M
Free Cash Flow
Q1 2026
$1.0B
ROIC
Q1 2026
-3.5%
D/E Ratio
Q1 2026
0.21
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+104.3% YoYNet Income
-97.1% YoYEPS (Diluted)
-102.0% YoYTotal Assets
+4.2% YoYTotal Debt
-0.2% YoYOp. Cash Flow
-0.6% YoY| Metric | FY 2025 | FY 2024 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Revenue | $6.68B +104.3% | $3.27B -6.0% | $3.48B | — |
| Net Income | $27.0M -97.1% | $946.0M +290.3% | $-497.0M | — |
| EPS (Diluted) | $-0.24 -102.0% | $11.74 +11740100.0% | $-0.00 | — |
| Total Assets | $352.59B +4.2% | $338.45B | — | — |
| Total Debt | $2.03B -0.2% | $2.03B | — | — |
| Operating Cash Flow | $5.76B -0.6% | $5.79B +32.6% | $4.37B | — |
AI Insight: JXN Financial Trends
Operating cash flow slumped to a 8-quarter low of $1,045M in Q1 2026 while net losses deepened to -$424M, pressuring equity to $9,496M.
• Net income has swung sharply negative in Q1 2026 at -$424M, the worst result across all eight quarters shown.
• Operating cash flow fell from $1,621M in Q4 2025 to $1,045M in Q1 2026, a 35% sequential decline.
• Total debt has been nearly flat, ranging $2,027M–$2,034M across all eight quarters, signaling stable leverage.
• Equity eroded from $10,698M peak in Q3 2024 to $9,496M in Q1 2026, a cumulative decline of roughly $1.2B.
⚠ Operating cash flow at $1,045M in Q1 2026 is the lowest in the dataset — watch whether this trough persists.
⚠ Revenue volatility is extreme, swinging from $225M in Q4 2024 to $3,750M in Q1 2025; reliability of top-line is unclear.
⚠ Equity has declined four of the last five quarters; continued net losses could further erode the book-value base.
AI Insight: JXN Ratio Trends
JXN's profitability has collapsed into back-to-back negative quarters, with Q1 2026 ROE hitting -17.9% — the worst reading since Q3 2024's mark-to-market trough.
• ROE swung from +14.1% in Q4 2024 to -17.9% in Q1 2026, signaling sustained earnings deterioration across the trailing two quarters.
• Operating margin turned deeply negative in Q4 2025 (-18.0%) and Q1 2026 (-13.8%), reversing Q4 2024's anomalous 168.9% spike.
• Leverage (D/E) has been remarkably stable, ranging narrowly between 0.19 and 0.21 across all reported periods.
⚠ ROIC turned -13.9% in Q1 2026 and -11.9% in Q4 2025 — two consecutive quarters of significant capital destruction.
⚠ TTM ROE of -3.9% masks worsening quarterly trajectory; monitor whether Q2 2026 results break the negative streak.
⚠ Extreme quarterly margin swings (ranging -27.3% to +168.9%) suggest heavy mark-to-market or derivative volatility — one-off reversals possible.
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Top Institutional Holders of JXN
BlackRock, Inc.
$729.5M6,900,728 shVANGUARD PORTFOLIO MANAGEMENT LLC
$577.6M5,463,744 shTPG GP A, LLC
$498.5M4,715,554 shDIMENSIONAL FUND ADVISORS LP
$429.2M4,060,350 shVANGUARD CAPITAL MANAGEMENT LLC
$333.5M3,154,213 shSTATE STREET CORP
$309.9M2,931,361 shGEODE CAPITAL MANAGEMENT, LLC
$239.4M2,181,568 shDONALD SMITH & CO., INC.
$200.1M1,892,397 shGOLDMAN SACHS GROUP INC
$171.8M1,624,910 shAMERICAN CENTURY COMPANIES INC
$161.4M1,526,708 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $729.5M | 6,900,728 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $577.6M | 5,463,744 |
| TPG GP A, LLC | $498.5M | 4,715,554 |
| DIMENSIONAL FUND ADVISORS LP | $429.2M | 4,060,350 |
| VANGUARD CAPITAL MANAGEMENT LLC | $333.5M | 3,154,213 |
| STATE STREET CORP | $309.9M | 2,931,361 |
| GEODE CAPITAL MANAGEMENT, LLC | $239.4M | 2,181,568 |
| DONALD SMITH & CO., INC. | $200.1M | 1,892,397 |
| GOLDMAN SACHS GROUP INC | $171.8M | 1,624,910 |
| AMERICAN CENTURY COMPANIES INC | $161.4M | 1,526,708 |
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Popular Research
Is JXN a good stock to buy?
13F Pro's AI-powered analysis of Jackson Financial Inc. (JXN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for JXN are available on the JXN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own JXN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling JXN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Jackson Financial Inc.'s investment landscape.