NYSE$JXN
Jackson Financial Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Jackson Financial reported Q4 2025 adjusted operating EPS of $6.61 despite a GAAP net loss.
GAAP net loss attributable to common shareholders was $215 million ($(3.13) per share) on hedging and reinsured business marks. Adjusted operating earnings were $455 million ($6.61 per share), a record, on spread income and favorable actuarial update. Retail annuity sales were $5.9 billion (+27%), including record RILA sales of $2.3 billion.
- Record adjusted operating EPS $6.61.
- Retail annuity sales $5.9B (+27%).
- Returned $205M to shareholders in Q4.
- Free cash flow $119M in the quarter.
Headline financials
Revenue & EPS history
Jackson · Revenue · Quarterly
$1.99B
Revenue by segment
Jackson · $355M total across 4 segments · Q3 2023
- Retail Annuities$354M-2.7%99.7%
- Institutional Products$21M+5.0%5.9%
- Closed Life and Annuity Blocks$6M-81.8%1.7%
- Corporate and Other-$26M-100.0%-7.3%
Forward guidance
Capital-light growth in RILA and institutional AUM with continued buybacks; GAAP volatility from hedging and reinsurance does not affect statutory capital guidance.
Tailwinds
- RILA and fixed index annuity momentum.
- Adjusted operating ROE above target range.
- Reduced share count from repurchases.
Headwinds
- GAAP net loss from hedging and reinsurance.
- Interest-rate sensitivity on spread income.
- Regulatory capital markets competition.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+2.2%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+8.1%
Avg return
30 days after
63%
15 / 24 earnings
Positive
+20.0%
Q3 2020
Best reaction
-21.4%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.0% | +0.9% | -1.0% | |
| Q4 2025 | -2.7% | -6.4% | -11.9% | |
| Q3 2025 | -7.3% | -7.4% | -2.2% | |
| Q1 2025 | +1.8% | +7.4% | +0.5% | |
| Q4 2024 | -8.8% | -9.3% | -8.5% | |
| Q3 2024 | +10.5% | +12.8% | -2.5% | |
| Q2 2024 | +10.9% | +10.8% | +10.0% | |
| Q1 2024 | +7.9% | +3.3% | +0.3% | |
| Q4 2023 | +1.5% | +2.6% | +24.9% | |
| Q3 2023 | +9.9% | +8.7% | +21.8% | |
| Q2 2023 | +1.8% | +8.9% | +14.2% | |
| Q1 2023 | -17.9% | -17.4% | -15.2% | |
| Q4 2022 | -5.7% | -1.9% | -1.7% | |
| Q3 2022 | +15.6% | +18.1% | +13.6% | |
| Q2 2022 | +14.4% | +19.2% | +12.7% | |
| Q1 2021 | -21.4% | -11.2% | -15.7% | |
| Q1 2022 | -20.6% | -18.6% | -16.8% | |
| Q4 2019 | -3.1% | +3.4% | +10.1% | |
| Q4 2021 | +10.1% | -4.4% | +15.1% | |
| Q4 2020 | +20.0% | +24.0% | +42.1% | |
| Q3 2020 | +20.0% | +24.0% | +42.1% | |
| Q3 2021 | +9.3% | +19.0% | +36.0% | |
| Q2 2020 | +4.4% | +9.8% | +13.7% | |
| Q2 2021 | +5.7% | +6.8% | +13.8% | |
| Q1 2020 | — | — | — |
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