What does closed life and annuity blocks — interest expense mean?

The cost of servicing debt obligations specifically allocated to the closed life and annuity segment. This excludes interest credited to policyholders and focuses on the financing costs of the business unit itself.

Jackson Financial (JXN) Closed Life and Annuity Blocks — Interest Expense

Screener

Other segment segments

Retail Annuities

$6M0.0%

Institutional Products

$0—

Similar metrics at other companies

GNWClosed Block — Interest Expense

$0—

RGALife Insurance Product Line — Interest Expense

$0—

CRBGLife Insurance — Interest Expense

$0—

UHALLife Insurance — Interest Expense

$72K-25.0%

PRUIndividual Life — Interest Expense

$104M+2.0%

HMNLife & Retirement — Interest Expense

$0—

Other financials

Income statement

See full

Revenue$2.9B-22.6%

Net income-$424.0M-1,667%

EPS (diluted)-$6.24-1,200%

Balance sheet

See full

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

See full

Operating cash flow$1.0B-34.4%

Valuation

See full

Market cap$8.8B+38.0%

Enterprise value$5.94B+28.5%

P/S1.5×+0.4×

Profitability

See full

Net margin11.7%—

Returns & leverage

See full

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:InterestExpense.

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 item	Three Months Ended March 31, 2026	Three Months Ended March 31, 2025
(Gain) loss from updating future policy benefits cash flow assumptions, net	18	12
Market risk benefits (gains) losses, net	1,670	2,246
Interest credited on other contract holder funds, net of deferrals and amortization	315	288
Interest expense	25	25
Operating costs and other expenses, net of deferrals	735	677
Amortization of deferred acquisition costs	281	275
Total benefits and expenses	3,302	3,767
Pretax income (loss)	(400)	(17)

Item 1. Financial Statements

FAQ

What is Jackson Financial's closed life and annuity blocks — interest expense?: Jackson Financial (JXN) reported closed life and annuity blocks — interest expense of $0 in Q1 2026.
What does closed life and annuity blocks — interest expense mean?: The cost of servicing debt obligations specifically allocated to the closed life and annuity segment. This excludes interest credited to policyholders and focuses on the financing costs of the business unit itself.