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Jackson Financial JXN Retail Annuities — Deferred Acquisition Costs

Other segment segments

Closed Life and Annuity Blocks
$93M-7.9%
Institutional Products
$0

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Other financials

Income statement

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Revenue$2.9B-22.6%
Operating income$760.8M
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$7.45B+22.3%
Enterprise value$4.59B+8.2%
P/S1.3×+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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

The official record: Jackson Financial’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Jackson Financial's retail annuities — deferred acquisition costs?
Jackson Financial (JXN) reported retail annuities — deferred acquisition costs of $11.57B in Q4 2025.
How has Jackson Financial's retail annuities — deferred acquisition costs changed year-over-year?
Jackson Financial's retail annuities — deferred acquisition costs decreased by 1.9% year-over-year, from $11.79B to $11.57B.
What does retail annuities — deferred acquisition costs mean?
The unamortized balance of costs incurred to acquire new annuity business that are carried on the balance sheet as an asset. This represents the value of future profit margins embedded in the existing book of business.