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Jackson Financial JXN Retail Annuities — Deferred Acquisition Costs

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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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

The source filing: Jackson Financial’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 4:14 PM EST
Fiscal year
FY2025
Accession
0001822993-26-000022
December 31, 2025Deferred / Acquisition / CostsReserves for / Future Policy / Benefits and / Claims PayableOther Contract / Holder Funds
Retail Annuities$11,567$1,495$44,927
Institutional Products11,021
Closed Life and Annuity Blocks939,40111,715
Corporate and Other
Total$11,660$10,896$67,663
December 31, 2024
Retail Annuities$11,786$1,408$37,865
Institutional Products8,384

Item 8. Financial Statements and Supplementary Data

FAQ

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.

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