Jackson Financial Inc. (JXN) Stock Analysis
Financial Services · Insurance - Life
Sell if holding. At $109.78, A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Counterparty: Athene reinsurance; Concentration risk — Counterparty: Prudential plc and affiliates (PPM clients) (32.0%).
Jackson Financial provides retail annuities (variable, RILA, fixed, fixed index) and institutional products to U.S. retirement investors through ~500 broker-dealer partners and 2,100+ RIA firms. With $23.2B in total 2025 sales and $351B AUM, it is the seventh-largest U.S. retail... Read more
Sell if holding. At $109.78, A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Counterparty: Athene reinsurance; Concentration risk — Counterparty: Prudential plc and affiliates (PPM clients) (32.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 4.8/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 50d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Jackson Financial Inc.
About Jackson Financial Inc.
Jackson Financial managed $351 billion in assets under management at year-end 2025, generating $19.7 billion in total retail annuity sales across variable, registered index-linked, fixed index, fixed, and payout product lines—all distributed exclusively in the United States through approximately 500 broker-dealer partners and more than 2,100 RIA firms. The principal insurance subsidiaries, licensed in all 50 states, are subject to state insurance department oversight; Jackson National Life Insurance Company reported a statutory risk-based capital ratio of 567% on a Company Action Level basis in 2025.
Jackson Financial earns revenue from three primary streams: fee income calculated as a percentage of $257.3 billion in separate-account assets managed by wholly-owned JNAM; investment spread income from fixed annuities and institutional products ($3.5 billion in new institutional product sales and $11.0 billion in account value in 2025); and insurance premiums from the Closed Life and Annuity Blocks segment, which held $20.1 billion in total reserves at year-end 2025. The company deployed $634 million to share repurchases and paid $228 million in common dividends in 2025, generating $838 million in free cash flow. PPM, the investment management subsidiary managing $93.7 billion in total assets, earned 32% of its AUM from former parent Prudential plc and its affiliates—agreements terminable at any time by either party.
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Two single-counterparty exposures stand out in the 10-K. The reinsurance agreement with Athene covers the majority of in-force fixed and fixed index annuities, creating what the filing characterizes as a large concentration of credit risk with a single reinsurer. Separately, the Federal Home Loan Bank of Indianapolis serves as a significant institutional funding source; if FHLBI changes eligible collateral definitions or the company's creditworthiness falls below membership standards, replacement funding may prove difficult and could weigh on liquidity.
See also: Financial Services · Insurance - Life
From Jackson Financial Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-17Recent Developments — Jackson Financial Inc.
Latest news
- NEWS JXN Water in court over $500,000 dispute with Blossom Apartments - WAPT — WAPT negative
- NEWS Jackson Financial Inc. (NYSE:JXN) Given Average Rating of "Hold" by Brokerages - MarketBeat — MarketBeat neutral
- NEWS Jackson Financial (JXN) Expected to Announce Quarterly Earnings on Tuesday - MarketBeat — MarketBeat neutral
- NEWS Jackson Financial (NYSE:JXN) Posts Quarterly Earnings Results, Misses Expectations By $0.81 EPS - MarketBeat — MarketBeat negative
- NEWS JACKSON FINANCIAL ($JXN) Releases Q1 2026 Earnings - Quiver Quantitative — Quiver Quantitative neutral
Generated 2026-06-17T09:12:24Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHcounterpartyAthene reinsurance10-K Item 1A: 'Our reinsurance agreement with Athene involves the majority of our in force fixed annuities and fixed index annuities, thereby exposing us to a large concentration of credit risk with respect to a single counterparty.'
- HIGHcounterpartyPrudential plc and affiliates (PPM clients)32%10-K Item 1A: 'Our former parent, Prudential plc, and its affiliates are significant clients of PPM, representing $29.8 billion or 32% of PPM's total assets under management.'
- HIGHcounterpartyFederal Home Loan Bank of Indianapolis10-K Item 1A: 'We are subject to liquidity risks associated with sourcing a large concentration of our funding from the Federal Home Loan Bank of Indianapolis'
Material Events(8-K, last 90d)
- 2026-04-09Item 5.02LOWChristopher Raub became President and CEO of PPM America subsidiary on April 9, 2026. CEO Laura Prieskorn resumed President role at Jackson National Life simultaneously; Raub ceased that position. No officer departures from the parent company.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Revenue shrinking — -22.6% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $109.78, A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Counterparty: Athene reinsurance; Concentration risk — Counterparty: Prudential plc and affiliates (PPM clients) (32.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $104.28. Score 4.8/10, moderate confidence.
Take-profit target: $109.59 (-0.2% upside). Prior stop was $104.28. Stop-loss: $104.28.
Concentration risk — Counterparty: Athene reinsurance; Concentration risk — Counterparty: Prudential plc and affiliates (PPM clients) (32.0%); Analyst target reached - limited upside remaining.
Jackson Financial Inc. trades at a P/E of N/A (forward 4.2). TrendMatrix value score: 8.6/10. Verdict: Sell.
8 analysts cover JXN with a consensus score of 3.6/5. Average price target: $123.
What does Jackson Financial Inc. do?Jackson Financial provides retail annuities (variable, RILA, fixed, fixed index) and institutional products to U.S....
Jackson Financial provides retail annuities (variable, RILA, fixed, fixed index) and institutional products to U.S. retirement investors through ~500 broker-dealer partners and 2,100+ RIA firms. With $23.2B in total 2025 sales and $351B AUM, it is the seventh-largest U.S. retail annuity company. Variable annuities dominate the portfolio, with GMWB for Life benefits representing 72% of variable annuity account value.