Fundamentals snapshot
JXN · NYQ · Financial Services · Insurance - Life
Current price
$134.93
52-week range
$89.67 - $140.90
Market cap
$9.14B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $266.00M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Jackson Financial helps people save for retirement by selling different types of annuities, which are like insurance contracts that pay out money over time. Most of their money comes from selling these retirement products, and this matters because it shows how well they are doing at attracting customers who want to secure their future income.
Jackson Financial Inc. was founded in 1961 and is headquartered in Lansing, Michigan. For many years, it operated as part of a larger international insurance group, Prudential plc. In 2021, Jackson Financial Inc. completed its separation from Prudential plc, becoming an independent, publicly traded company. This move allowed Jackson to focus its strategy as a standalone retirement solutions provider, leveraging the scale it had built over decades. The company's history is closely tied to the growth of the U.S. annuity market, establishing a reputation for retirement-focused savings products.
Jackson Financial Inc. is a financial services company that helps people plan for retirement. They offer a variety of annuity products, which are essentially contracts with an insurance company that can provide a stream of income in retirement. Think of them as a way to help ensure you don't outlive your savings. Jackson aims to simplify the complexities of retirement planning for both financial professionals and their clients.
This is Jackson's largest business segment, focusing on providing retirement income and savings solutions directly to individual investors. They offer a wide range of annuities, including variable annuities (where returns depend on market performance), fixed index annuities (which link returns to a market index with some protection), fixed annuities (with guaranteed returns), and payout annuities (which provide a regular income stream). This segment is key to their business, helping individuals save for and manage their retirement income needs.
This segment serves a different customer base: other institutions, like banks or corporations. Jackson provides them with products such as guaranteed investment contracts and funding agreements. These are essentially ways for institutions to manage their own cash or funding needs, often related to their own financial programs or operations. It's a more specialized part of Jackson's business, dealing with financial instruments for larger organizations.
This segment manages older, or 'closed,' blocks of life insurance and annuity business. This means they are no longer actively selling new policies in these specific categories, but they continue to manage the existing policies and obligations. It includes products like whole life, universal life, and term life insurance, as well as certain types of annuities. This segment focuses on efficiently managing these legacy portfolios.
Jackson's management is focused on simplifying retirement planning and providing clarity for their customers. They are investing in technology to create streamlined experiences and offer tools that help financial professionals manage client accounts and investment strategies. The company is also committed to maintaining strong financial strength ratings, which are crucial for an insurance and annuity provider, to ensure they can meet their long-term obligations to policyholders.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $266.0M - more cash than debt. Interest coverage -0.1x.
Jackson Financial Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $5.72B Interest coverage -0.14x This is the baseline the peer rows are being compared against.
Total debt $7.24B Interest coverage 6.89x This peer still has a real interest-payment cushion, while JXN does not.
Total debt $11.80B Interest coverage 4.12x This peer still has a real interest-payment cushion, while JXN does not.
Total debt $7.17B Interest coverage -4.33x Neither company has much profit cushion over interest right now.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know