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Jackson Financial JXN Closed Block Annuity — Interest Expense

Other product segments

Payout Annuities
$12M0.0%

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Other financials

Income statement

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Revenue$2.9B-22.6%
Net income-$424.0M-1,667%
EPS (diluted)-$6.24-1,200%

Balance sheet

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Cash & equivalents$5.5B+42.5%
Total debt$2.7B+31.8%
Total equity$9.5B-7.8%
Total assets$339.54B+3.8%

Cash flow

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Operating cash flow$1.0B-34.4%

Valuation

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Market cap$9.11B+41.1%
Enterprise value$6.25B+32.9%
P/S1.6×+0.4×

Profitability

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Net margin11.7%

Returns & leverage

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Return on equity5.5%
Debt / equity0.3×+0.1×

Where this comes from

Reported directly by Jackson Financial in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitInterestExpense.

The source filing: Jackson Financial’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:22 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001822993-26-000072
Line itemGross Premiums / Three Months Ended March 31, 2026Gross Premiums / Year Ended December 31, 2025Interest Expense / Three Months Ended March 31, 2026Interest Expense / Year Ended December 31, 2025
Payout Annuities$6$67$12$47
Closed Block Life6729529115
Closed Block Annuity1(2)40169
Total$74$360$81$331

Item 1. Financial Statements

FAQ

What is Jackson Financial's closed block annuity — interest expense?
Jackson Financial (JXN) reported closed block annuity — interest expense of $40M in Q1 2026.
How has Jackson Financial's closed block annuity — interest expense changed year-over-year?
Jackson Financial's closed block annuity — interest expense decreased by 7.0% year-over-year, from $43M to $40M.
What is the long-term trend for Jackson Financial's closed block annuity — interest expense?
Over 3 years (2022 to 2025), Jackson Financial's closed block annuity — interest expense has grown at a -7.0% compound annual growth rate (CAGR), from $210M to $169M.
What does closed block annuity — interest expense mean?
This reflects the interest costs incurred on policyholder account balances and other insurance liabilities within the closed block segment. It represents the cost of capital associated with maintaining these legacy obligations. High interest expenses relative to assets can indicate pressure on the profitability of the block.

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