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Jackson Financial JXN Variable annuity — Effect of changes in equity index volatility

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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:MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange.

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
Net MRB balance, beginning of period, before effect of changes in non-performance risk(4,282)(4,862)
Effect of changes in interest rates(407)(72)
Effect of fund performance671(3,518)
Effect of changes in equity index volatility551509
Effect of expected policyholder behavior215758
Effect of actual policyholder behavior different from expected110572
Effect of time5081,957
Effect of changes in assumptions3374

Item 1. Financial Statements

FAQ

What is Jackson Financial's variable annuity — effect of changes in equity index volatility?
Jackson Financial (JXN) reported variable annuity — effect of changes in equity index volatility of $551M in Q1 2026.
How has Jackson Financial's variable annuity — effect of changes in equity index volatility changed year-over-year?
Jackson Financial's variable annuity — effect of changes in equity index volatility increased by 124.0% year-over-year, from $246M to $551M.
What does variable annuity — effect of changes in equity index volatility mean?
This metric measures the sensitivity of Market Risk Benefit liabilities to changes in implied equity index volatility. Higher volatility typically increases the cost of providing guarantees, as the likelihood of the guarantee being 'in the money' rises. Tracking this metric allows investors to understand the company's exposure to market turbulence and the cost of hedging against extreme market moves.

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