| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 62 | 87.8x | 17.3x | Around median | |
Growth | 92 | 15.1% | 7.1% | Top tier | |
Quality | 27 | — | — | Bottom tier | |
Safety | 8 | — | — | Bottom tier | |
Capital Return | 82 | 2.51% | 0.06% | Top tier | |
Momentum | 87 | 33.0% | -1.6% | Top tier | |
Sentiment | 38 | 4 | 3 | Bottom tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Jackson Financial Inc. (JXN) operates in retirement services, with its business centered on variable annuities, RILA, fixed and fixed index annuities, as well as institutional products and asset management through PPM America. Income comes from fees linked to variable annuity assets and from spreads on spread-based products; the total account value of individual annuities and institutional products exceeded $295 billion in Q2 fiscal 2026, up 10% from the previous quarter. PPM America’s assets under management also exceeded $100 billion, while spread-based products and investment-only variable annuities accounted for approximately 40% of the in-force contract portfolio.
According to EDGAR data, the company recorded revenue of $168 million, net income of $655 million, and earnings per share of $9.16 in Q2 fiscal 2026, following a net loss of $424 million in Q1 fiscal 2026. On an adjusted operating basis, pre-tax earnings were $618 million, or $648 million excluding notable items, while adjusted operating earnings per share reached a quarterly record of $7.30, or $7.68 after excluding notable items and normalizing taxes. Adjusted operating return on equity was 16.3% for the twelve months ended June 2026, compared with 12.7% for the comparable period ended June 2025.
Individual annuity sales approached $6 billion in Q2 fiscal 2026, representing 34% annual growth, and 54% of sales came from spread-based products. RILA sales exceeded approximately $2.3 billion, while fixed and fixed index annuity sales totaled $812 million, and institutional product sales totaled $1.4 billion. This reflects a shift in the business mix toward more diversified earnings sources, despite the continued sensitivity of fees, flows, and policyholder behavior to equity market movements.
The average analyst price target is $141.33, within a range of $135 to $149, compared with the stock’s 52-week trading range of $89.67 to $137.99; accordingly, the average target is only approximately 2.4% above the top of the 52-week range. The consensus remains “Neutral,” not “Buy,” a valuation that reflects the balance between strong growth in RILA and spread-based products and capital generation, versus the sensitivity of earnings to markets and accounting and hedging volatility.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Growth is being driven by the shift in sales toward RILA, fixed and fixed index annuities, and institutional products. Individual annuity sales approached $6 billion in Q2 fiscal 2026, up 34% annually, with spread-based products accounting for 54% of them. Net inflows into non-variable annuities also totaled $2.9 billion, up 65% from Q2 fiscal 2025.
RILA is a major pillar of Jackson’s diversification away from greater reliance on traditional variable annuities. Its sales exceeded $2.3 billion in Q2 fiscal 2026, up 69% annually, and its assets under management reached more than $26 billion. Market Link Pro 4 and Market Link Pro Advisory 4, which were launched in June 2026, may support broader sales by adding a Dow Jones Industrial Average option.
Free cash flow totaled $575 million in the first half of fiscal 2026, up 14% annually, while the company returned $547 million to shareholders during the same period. Management targets generating at least $1.2 billion in free capital and returning $900 million to $1.1 billion to shareholders in fiscal 2026. This is supported by total adjusted capital of $5.8 billion and an estimated risk-based capital ratio of approximately 538% at the end of Q2 fiscal 2026.
Automated analysis for informational purposes only — not investment advice.
EDGAR data for Q2 fiscal 2026 showed revenue of $168 million, net income of $655 million, and earnings per share of $9.16. By comparison, the company reported adjusted operating earnings before tax of $618 million and adjusted operating earnings per share of $7.30. The differences arise from items such as movements in market risk benefits, hedging results, implied volatility, and limited partnership returns, so no single metric provides a complete picture of economic performance.
Jackson announced on July 22, 2026, that Laura Prieskorn will retire at the end of 2026 after approximately 40 years with the company. Don Cummings will assume the roles of President and Chief Executive Officer, while Brian Walta will become Chief Financial Officer, with both appointments effective October 1, 2026. Management stated that the transition resulted from a succession-planning process intended to ensure strategic continuity and operational stability.
Variable annuity fees and account values are linked to equity performance, and management has explained that a significant market decline would pressure earnings. Hedging results can also exhibit accounting volatility; in Q2 fiscal 2026, the variable annuity loss approached $200 million after excluding the effect of implied volatility, with it nearly offset by RILA and FIA gains. Additional risks include higher required capital as sales grow, limited partnership returns below the 10% assumption during the quarter, and competition that constrained MYGA sales when the company maintained yield discipline.