JXN News & Events

Reports Q4 revenue $1.99B, consensus $1.92B. Laura Prieskorn, President and Chief Executive Officer of Jackson, stated, "2025 was a monumental year for Jackson, with our results highlighting success and growth across our business. Our full-year retail annuity sales delivered double-digit growth and a more diversified product mix, highlighting our distribution strength and operational capabilities. We have exceeded our financial targets by returning $862 million to common shareholders in 2025, ending the year with an RBC ratio of 567%, and holding robust levels of excess cash at the holding company. Furthermore, our recently announced long-term strategic partnership with TPG, along with enhanced capabilities at PPM, position us well to continue to grow and diversify our in-force business in a highly profitable way. These results give us confidence in our $900 million to $1.1 billion capital return target for 2026, and we look forward to continuing to deliver on our commitment to helping Americans achieve financial security."

Says increased first quarter 2026 common dividend by 12.5% to 90c per share. Says established a 2026 capital return to common shareholders target of $900M-$1.1B.

The parties have also signed a definitive investment agreement for the acquisition of Jackson common stock by TPG (TPG) and issuance of TPG common stock to Jackson (JXN), creating strong economic alignment between both parties. Under the terms of the agreement, TPG will acquire a $500M equity stake in Jackson Financial. Jackson will issue TPG 4,715,554 shares of its common stock for $106.03 per share, priced at market, based on the 30-day unaffected volume-weighted average price as of January 4, 2026. This represents an approximate 6.5% common equity stake in Jackson Financial Inc. Additionally, TPG will issue to a wholly owned, indirect subsidiary of Jackson $150M in TPG common shares, equating to 2,279,109 shares of its common stock at $65.82 per share, also priced at market, based on the 30-day unaffected volume-weighted average price as of January 4, 2026. Under the terms of the agreement, TPG and Jackson have agreed to certain limitations on their ability to divest their respective ownership stakes over time. The capital from TPG's investment in Jackson Financial Inc., together with $150M in excess cash from Jackson Financial Inc., will be used for the initial capitalization of Jackson's new Michigan-based captive reinsurer, Hickory Brooke Reinsurance Company. Hickory Re has been established to serve as a capital-efficient way to accelerate further sales growth of Jackson's fixed and fixed index annuity products. The combination of these transactions is expected to increase Jackson's future profitability, general account asset growth and capital generation, providing continued strong growth in free cash flows and capital return to shareholders. Jackson intends to publish 2026 financial targets along with its fourth quarter and full year 2025 earnings results in February 2026. The transaction with TPG is subject to customary closing conditions and is anticipated to close in the first quarter of 2026.