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Jackson Financial Inc. (JXN-PA) 10-Year Financial Performance & Capital Metrics

JXN-PA • • Insurance & Managed Care
Financial ServicesLife InsuranceAnnuity-Focused ProvidersAnnuity Market Leaders
AboutJackson 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 Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities; and a block of group payout annuities. The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, banks and other financial institutions, warehouses and regional broker-dealers, and independent registered investment advisors, third-party platforms, and insurance agents. The company was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. Jackson Financial Inc. was incorporated in 2006 and is headquartered in Lansing, Michigan.Show more
  • Revenue $3.09B -2.3%
  • Combined Ratio 66.95% -4.0%
  • Net Income $946M +1.3%
  • Return on Equity 9.31% -1.7%
  • Medical Cost Ratio 22.7% +2.9%
  • Operating Margin 33.05% +9.2%
  • Net Margin 30.6% +3.7%
  • ROA 0.28% -2.3%
  • Equity / Assets 2.95% -5.7%
  • Book Value per Share 129.96 +5.1%
  • Tangible BV/Share 129.96 +5.1%
  • Debt/Equity 0.44 +12.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Profitable underwriting: 66.9% combined ratio
  • ✓Excellent 3Y average ROE of 26.4%
  • ✓Low loss ratio of 22.7%
  • ✓Share count reduced 8.1% through buybacks
  • ✓Trading near 52-week high
  • ✓Trading at only 0.2x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-2.39%
3Y-17.48%
TTM23.65%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-34.82%
TTM160.13%

EPS CAGR

10Y-
5Y-
3Y-31.18%
TTM157.1%

ROCE

10Y Avg0.55%
5Y Avg0.66%
3Y Avg0.95%
Latest0.32%

Peer Comparison

Annuity Market Leaders
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BHFBrighthouse Financial, Inc.3.66B64.0913.8110.61%16.4%15.04%0.63
JXNJackson Financial Inc.7.81B114.849.78-2.31%12.13%5.49%74.22%0.44
JXN-PAJackson Financial Inc.26.342.25-2.31%12.13%5.49%0.44

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+13.69B3.49B4.64B5.5B9.72B3.17B3.09B
Revenue Growth %--0.75%0.33%0.19%0.77%-0.67%-0.02%
Medical Costs & Claims+03.2B5.84B511M812M698M702M
Medical Cost Ratio %-------
Gross Profit+13.69B293M-1.2B4.99B8.91B2.47B2.39B
Gross Margin %-------
Gross Profit Growth %--0.98%-5.09%5.16%0.78%-0.72%-0.03%
Operating Expenses+-11.43B1.1B1.29B647M1.17B1.51B1.37B
OpEx / Revenue %-------
Depreciation & Amortization10.8M11M10.8M11M000
Combined Ratio %-------
Operating Income+2.26B-811M-2.49B4.34B7.73B958M1.02B
Operating Margin %-------
Operating Income Growth %--1.36%-2.07%2.74%0.78%-0.88%0.07%
EBITDA+2.27B-800M-2.48B4.36B7.83B1.07B1.12B
EBITDA Margin %-------
Interest Expense86.2M99M88M37M113M109M101M
Non-Operating Income9.61B-99M-88M-37M-98M-109M-101M
Pretax Income+2.39B-811M-2.49B4.34B7.73B958M1.02B
Pretax Margin %-------
Income Tax+338.3M-369M-854M666M1.5B4M46M
Effective Tax Rate %-------
Net Income+1.99B-497M-1.63B3.42B6.19B934M946M
Net Margin %-------
Net Income Growth %--1.25%-2.29%3.09%0.81%-0.85%0.01%
EPS (Diluted)+21.02-5.26-17.2935.8969.7510.7611.70
EPS Growth %--1.25%-2.29%3.08%0.94%-0.85%0.09%
EPS (Basic)21.02-5.26-17.2935.8972.3410.3611.86
Diluted Shares Outstanding94.46M94.46M94.46M88.69M88.69M83.58M76.81M

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+259.33B297.06B353.46B375.56B314.98B330.25B338.45B
Asset Growth %-0.15%0.19%0.06%-0.16%0.05%0.02%
Total Investment Assets+076.97B80.49B74.23B65.95B60.85B83.82B
Long-Term Investments058.81B60.65B53.65B45.16B43.04B43.53B
Short-Term Investments057.09B59.08B51.55B42.49B40.42B40.29B
Total Current Assets+3.97B0000066.01B
Cash & Equivalents3.97B1.93B2.02B2.62B4.3B2.69B3.77B
Receivables01000K1000K1000K1000K1000K1000K
Other Current Assets0-67.4B-96.36B-87.3B-75.85B-68.68B0
Goodwill & Intangibles+10.66B000000
Goodwill0000000
Intangible Assets10.66B000000
PP&E (Net)00000020M
Other Assets244.71B-58.81B-60.65B-53.65B-45.16B-43.04B225.26B
Total Liabilities251.47B289.74B343.53B364.49B305.61B319.92B328.47B
Total Debt+331.9M2.69B322M4.05B4.37B4.03B4.38B
Net Debt-3.64B757.3M-1.7B1.43B69M1.34B610M
Long-Term Debt331.9M2.69B322M4.05B4.37B4.03B4.38B
Short-Term Debt0000008M
Total Current Liabilities+121.1M0000016.74B
Accounts Payable0000000
Deferred Revenue0000000
Other Current Liabilities-121.1M-48.3M-31.97B-29.01B-22.96B016.73B
Deferred Taxes0000000
Other Liabilities251.14B-2.69B-322M-4.05B-4.37B-4.03B307.35B
Total Equity+7.86B7.32B9.92B11.07B9.38B10.33B9.98B
Equity Growth %--0.07%0.36%0.12%-0.15%0.1%-0.03%
Shareholders Equity7.47B6.84B9.43B10.39B8.65B10.17B9.76B
Minority Interest390.2M484.1M494M680M732M164M218M
Retained Earnings2.74B1.37B-324M2.81B6.4B7.04B7.71B
Common Stock001M1M1M1M1M
Accumulated OCI-343.3M2.4B3.83B1.74B-3.38B-2.81B-3.52B
Return on Equity (ROE)0.25%-0.07%-0.19%0.33%0.6%0.09%0.09%
Return on Assets (ROA)0.01%-0%-0.01%0.01%0.02%0%0%
Equity / Assets-------
Debt / Equity0.04x0.37x0.03x0.37x0.47x0.39x0.44x
Book Value per Share83.2377.50105.04124.87105.74123.65129.96
Tangible BV per Share-------

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+5.82B4.37B3.78B5.68B5.21B5.31B5.79B
Operating CF Growth %--0.25%-0.14%0.5%-0.08%0.02%0.09%
Operating CF / Revenue %-------
Net Income2.05B-442M-1.64B3.68B6.23B954M976M
Depreciation & Amortization2.07B8.05B6.51B03.9B00
Stock-Based Compensation38.6M79M56M129M131M107M191M
Deferred Taxes226.3M-674M-776M739M1.55B-207M294M
Other Non-Cash Items-30.8M-274M588.3M1.77B-6.29B4.46B4.63B
Working Capital Changes1.46B-2.37B-959.5M-633M-315M-4M-301M
Cash from Investing+-1.89B-8.33B-4.33B-1.3B-1.37B-592M-7.09B
Capital Expenditures0000000
Acquisitions0000000
Purchase of Investments-9.22B-18.23B-33.82B-19.68B-12.53B-13.91B-18.21B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K
Other Investing-173.3M-646M-654.3M-1.23B-464M1.51B312M
Cash from Financing+-2.27B1.93B639.7M-3.77B-2.16B-6.33B2.37B
Dividends Paid-450M-875M0-50M-186M-236M-255M
Share Repurchases000-211M-321M-306M-442M
Stock Issued7.4M7M500M5M000
Debt Issuance (Net)-1000K1000K1000K1000K-1000K-1000K1000K
Other Financing-1.82B2.46B-980.5M-5.47B-1.58B-5.91B671M
Net Change in Cash+1.66B-2.03B84.2M612M1.67B-1.61B1.08B
Exchange Rate Effect0000000
Cash at Beginning2.31B3.97B1.93B2.02B2.63B4.3B2.69B
Cash at End3.97B1.94B2.02B2.63B4.3B2.69B3.77B
Free Cash Flow+5.82B4.37B3.78B5.68B5.21B5.31B5.79B
FCF Growth %--0.25%-0.14%0.5%-0.08%0.02%0.09%
FCF Margin %-------
FCF per Share61.6346.2439.9864.0758.763.5375.42

Key Ratios

Metric2018201920202021202220232024
Combined Ratio-83.5%123.24%153.65%21.04%20.43%69.73%66.95%
Medical Cost Ratio0%91.6%125.82%9.29%8.35%22.05%22.7%
Return on Equity (ROE)25.25%-6.55%-18.95%32.55%60.49%9.48%9.31%
Return on Assets (ROA)0.77%-0.18%-0.5%0.94%1.79%0.29%0.28%
Equity / Assets3.03%2.46%2.81%2.95%2.98%3.13%2.95%
Book Value / Share83.2377.5105.04124.87105.74123.65129.96
Debt / Equity0.04x0.37x0.03x0.37x0.47x0.39x0.44x
Revenue Growth--74.51%33.08%18.52%76.63%-67.44%-2.31%

Frequently Asked Questions

Valuation & Price

Jackson Financial Inc. (JXN-PA) has a price-to-earnings (P/E) ratio of 2.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Jackson Financial Inc. (JXN-PA) saw revenue decline by 2.3% over the past year.

Yes, Jackson Financial Inc. (JXN-PA) is profitable, generating $576.0M in net income for fiscal year 2024 (30.6% net margin).

Dividend & Returns

Yes, Jackson Financial Inc. (JXN-PA) pays a dividend with a yield of 10.43%. This makes it attractive for income-focused investors.

Jackson Financial Inc. (JXN-PA) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.

Industry Metrics

Jackson Financial Inc. (JXN-PA) has a combined ratio of 66.9%. A ratio below 100% indicates underwriting profitability.

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