UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40274 Jackson Financial Inc. (Exact name of registrant as specified in its charter) Delaware 98-0486152 (State or other jurisdictio ...

Jackson Financial logo Jackson Financial (NYSE:JXN) executives said the company exceeded its 2025 financial targets, set new sales records, and raised its 2026 outlook for both capital generation and shareholder returns during the company’s fourth-quarter earnings call. Strategic actions: TPG partnership and expanded captive strategy CEO Laura Prieskorn opened the call by highlighting recently announced strategic actions, including the closing of Jackson’s long-term strategic partnership with TPG. Pries ...

Turning to slide four, our strong full year operating results drove nearly 12% growth in our adjusted operating earnings supported by stable fee income and increased investment spread earnings. Our commitment to shareholder capital return, and the benefit of share repurchases resulted in over 20% growth in adjusted operating earnings per share for the full year. As a reminder, our net income includes the impact of our annual assumption review and net hedge results, which Don will discuss. Over the course of ...

Jackson Financial (NYSE:JXN) Q4 2025 Earnings call February 19, 2026 10:00 AM ET Company ParticipantsDon Cummings - CFOLaura Prieskorn - CEOLiz Werner - Head of Investor RelationsLynn Sun - Chief ActuaryTom Gallagher - Senior Managing DirectorConference Call ParticipantsAlex Scott - Director and Senior Equity Research AnalystSuneet Kamath - Research AnalystOperatorHello, everyone, and welcome to the Jackson Financial 4Q25 Earnings Call. My name is Charlie, and I'll be coordinating the call today. You will h ...

Financial Data and Key Metrics Changes - Jackson Financial reported adjusted operating earnings of $455 million for Q4 2025, reflecting continued strength across spread-based products and a 12% growth in adjusted operating earnings for the full year [5][13] - The company achieved over $1 billion in free capital generation for the second consecutive year, with free cash flow totaling $838 million for the full year [6][36] - Adjusted operating earnings per share increased by 33% to $6.43, driven by strong spread income growth and a lower diluted share count [16][18] Business Line Data and Key Metrics Changes - Retail annuity sales reached nearly $20 billion for the full year, the highest level since 2019, with a record $2.3 billion in RILA sales for Q4, up 53% year-over-year [6][10] - The retail annuity segment delivered 27% growth over last year's fourth quarter, with RILA assets under management growing to over $20 billion [18][22] - Fixed index annuity sales contributed $812 million during the quarter, indicating strong momentum in the product lineup [19][22] Market Data and Key Metrics Changes - Total retail annuity account values increased by 7% to $269 billion at year-end 2025, supported by strong sales in RILA and fixed index annuities [7][10] - Variable annuity net outflows remained elevated, reflecting an aging policyholder base and market conditions, but were offset by strong investment performance generating over $28 billion [20][21] - The RBC ratio stood at 567%, indicating a strong capital position above the minimum target [7][41] Company Strategy and Development Direction - Jackson Financial closed a strategic partnership with TPG to support accelerated growth in its spread-based business, enhancing capital efficiency and product offerings [5][12] - The company aims to leverage its diversified product suite to meet various consumer needs, focusing on income, protection, growth, and legacy benefits [61] - Future growth targets include free capital generation of at least $1.2 billion for 2026 and a capital return target of $900 million to $1.1 billion [12][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining a balanced approach to capital management, focusing on financial strength, growth, and capital return to shareholders [6][8] - The partnership with TPG is expected to enhance profitability and support the growth of the spread-based business, with a positive outlook for retail annuity sales [62][64] - Management anticipates that surrender activity will remain closely tied to equity market performance, with expectations for improved actual-to-expected results in 2026 [21][78] Other Important Information - The company returned over $862 million to common shareholders in 2025, exceeding its capital return target range [7][38] - Jackson's annual actuarial assumptions review resulted in a favorable impact on operating earnings, reflecting improved mortality trends [17][30] - The establishment of Hickory Re as a subsidiary is expected to contribute to future cash flows and enhance the capital profile of Brook Re [48][50] Q&A Session Summary Question: Can you provide more details on capital levels and tracking? - Management discussed the progress of Brook Re and its diversified liability profile, highlighting recent reinsurance transactions that enhance stability [47][48] Question: What is the expected impact of the TPG partnership on growth? - Management indicated that the partnership will support strong retail annuity sales and enhance product offerings, with expectations for growth in the coming years [56][62] Question: How will cash flow from Hickory Re be managed? - It was clarified that dividends from Hickory Re would flow up to Brook Re and then to the holding company, supporting ongoing capital return strategies [65][66]

Jackson Financial (NYSE:JXN) Q4 2025 Earnings call February 19, 2026 10:00 AM ET Speaker5Hello, everyone, and welcome to the Jackson Financial 4Q25 Earnings Call. My name is Charlie, and I'll be coordinating the call today. You will have the opportunity to ask a question at the end of the presentation. If you'd like to register a question, please press star followed by one on your telephone keypad. I'll now hand over to our host, Liz Werner, Head of Investor Relations. Again, Liz, please go ahead.Speaker3Go ...

Jackson Financial Inc. Fourth Quarter and Full Year 2025 Financial Results For Presentation on February 19, 2026 Forward-Looking Statements and Non-GAAP Measures The information in this document contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this document not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the us ...

Core Viewpoint - The article discusses investment strategies and insights from a contributor with a background in finance and investment banking, emphasizing the importance of thorough analysis in identifying investment opportunities and risks [1]. Group 1: Contributor Background - The contributor has a decade of experience in investment banking, focusing on industry and company research [1]. - Prior to writing for Seeking Alpha, the contributor worked at an investment fund in the United Kingdom [1]. - The contributor holds a Master's degree in Finance from Queen Mary University of London and a Bachelor's degree in Economics from Middlesex University [1].

Core Viewpoint - Jackson Financial Inc. will release its fourth quarter and full year 2025 financial results on February 18, 2026, after market close [1] - A conference call and webcast will be held on February 19, 2026, to discuss the results and the company's outlook for 2026 [2] Company Overview - Jackson Financial Inc. is focused on simplifying retirement planning through a variety of annuity products and a commitment to service excellence [3] - The company aims to provide clarity for financial professionals and their clients, enhancing outcomes for all stakeholders [3] - Jackson is recognized for its service quality, having received awards from the Service Quality Measurement Group for multiple years [4] Additional Information - Jackson Financial Inc. operates as a U.S. holding company and is the parent of Jackson Holdings LLC, which includes several subsidiaries such as Jackson National Life Insurance Company and Jackson National Asset Management, LLC [6]

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclosures and disclaimers related to investment positions and opinions [1][2] Group 1 - There is no stock, option, or similar derivative position held by the analyst in any of the companies mentioned [1] - The article expresses personal opinions of the author and does not reflect the views of Seeking Alpha as a whole [2] - The article emphasizes that past performance is not indicative of future results, and no investment recommendations are provided [2]