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Jackson Financial JXN Variable annuity — Effect of changes in assumptions

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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 jxn:MarketRiskBenefitIncreaseDecreaseFromChangesInAssumptions.

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 itemThree Months Ended March 31, 2026Year Ended December 31, 2025
Effect of expected policyholder behavior215758
Effect of actual policyholder behavior different from expected110572
Effect of time5081,957
Effect of changes in assumptions3374
Net MRB balance, end of period, before effect of changes in non-performance risk(2,631)(4,282)
End of period cumulative effect of changes in non-performance risk(303)17
Net MRB balance, end of period, gross(2,934)(4,265)
Reinsurance recoverable on market risk benefits at fair value, end of period(43)(41)

Item 1. Financial Statements

FAQ

What is Jackson Financial's variable annuity — effect of changes in assumptions?
Jackson Financial (JXN) reported variable annuity — effect of changes in assumptions of $3M in Q1 2026.
How has Jackson Financial's variable annuity — effect of changes in assumptions changed year-over-year?
Jackson Financial's variable annuity — effect of changes in assumptions decreased by 50.0% year-over-year, from $6M to $3M.
What is the long-term trend for Jackson Financial's variable annuity — effect of changes in assumptions?
Over 2 years (2023 to 2025), Jackson Financial's variable annuity — effect of changes in assumptions has grown at a 5.3% compound annual growth rate (CAGR), from $337M to $374M.
What does variable annuity — effect of changes in assumptions mean?
This metric captures the impact on Market Risk Benefit liabilities resulting from updates to actuarial assumptions, such as mortality rates, lapse rates, or expense projections. It reflects management's periodic re-evaluation of the long-term costs associated with servicing annuity contracts. Frequent or large adjustments here may indicate volatility in the underlying business model or changing demographic trends.

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