Jackson Financial Inc. - Understand $jxn stock

$JXN Market Cap: $7.358 Billion

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Financial Snapshot

Revenue

$3.938B

TTM

Gross Margin

Net Earnings

-$969.0M

TTM

Current Assets

Current Liabilities

$124.0M

Q3 2024

Current Ratio

Total Assets

$345.7B

Q3 2024

Total Liabilities

$334.8B

Q3 2024

Book Value

$10.91B

Q3 2024

Cash

$3.061B

Q3 2024

P/E

-7.594

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$3.159B	$14.55B	$8.848B	$3.206B	$3.478B	$13.64B	$5.743B	$4.939B
YoY Change	-78.29%	64.46%	175.98%	-7.82%	-74.5%	137.55%	16.28%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$3.159B	$14.55B	$8.848B	$3.206B	$3.478B	$13.64B	$5.743B	$4.939B
Cost Of Revenue	$965.0M	$2.290B	$913.0M	$1.284B	$1.464B
Gross Profit	$2.194B	$12.26B	$7.935B	$1.922B	$2.014B
Gross Profit Margin	69.45%	84.26%	89.68%	59.95%	57.91%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$1.145B	$3.922B	$4.119B	$4.133B	$4.570B	$4.442B	$5.191B	$1.568B
YoY Change	-70.81%	-4.78%	-0.35%	-9.55%	2.87%	-14.43%	231.11%
% of Gross Profit	52.19%	31.99%	51.91%	215.06%	226.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		-$1.743B	$11.00M	$11.00M	$11.00M
YoY Change		-15945.45%	0.0%	0.0%
% of Gross Profit		-14.22%	0.14%	0.57%	0.55%
Operating Expenses	$2.016B	$7.327B	$4.764B	$5.609B	$4.191B	$11.15B	$4.647B	$4.111B
YoY Change	-72.49%	53.8%	-15.06%	33.82%	-62.41%	139.98%	13.03%
Operating Profit	$178.0M	$4.934B	$3.171B	-$3.687B	-$2.177B
YoY Change	-96.39%	55.6%	-186.01%	69.34%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$185.0M	$113.0M	$37.00M	$88.00M	$99.00M	-$86.20M	-$54.30M	-$51.80M
YoY Change	63.72%	205.41%	-57.95%	-11.11%	-214.85%	58.75%	4.83%
% of Operating Profit	103.93%	2.29%	1.17%
Other Income/Expense, Net		$34.00M	$111.0M	-$163.4M	-$8.500M
YoY Change		-69.37%	-167.93%	1822.35%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$958.0M	$7.111B	$4.047B	-$2.491B	-$811.0M	$2.393B	$1.039B	$716.8M
YoY Change	-86.53%	75.71%	-262.46%	207.15%	-133.9%	130.39%	44.88%
Income Tax	$4.000M	$1.371B	$602.0M	-$854.0M	-$369.0M	$350.1M	$72.10M	-$84.20M
% Of Pretax Income	0.42%	19.28%	14.88%			14.63%	6.94%	-11.75%
Net Earnings	$934.0M	$5.697B	$3.183B	-$1.634B	-$497.0M	$1.986B	$495.3M	$798.0M
YoY Change	-83.61%	78.98%	-294.8%	228.77%	-125.03%	300.89%	-37.93%
Net Earnings / Revenue	29.57%	39.15%	35.97%	-50.97%	-14.29%	14.56%	8.63%	16.16%
Basic Earnings Per Share	$10.99	$66.62	$33.86	-$24.14	-$13.16
Diluted Earnings Per Share	$10.76	$64.23	$33.69	-$24.14	-$13.16	$21.02M	$5.243M	$8.448M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$2.688B	$4.298B	$2.623B	$2.019B	$1.935B	$3.968B	$2.307B	$1.462B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$67.35B	$64.68B	$72.81B	$78.27B	$75.49B	$69.53B	$64.88B	$65.37B
YoY Change	4.14%	-11.17%	-6.97%	3.68%	8.58%	7.16%	-0.76%
Other Assets	$640.0M	$385.0M	$954.0M	$1.058B	$682.6M	$735.3M
YoY Change	66.23%	-59.64%	-9.81%	54.97%	-7.17%
Total Long-Term Assets
YoY Change
Total Assets	$330.3B	$311.1B	$375.5B	$353.5B	$297.1B	$259.3B	$266.0B	$237.9B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$780.0M	$689.0M	$913.0M	$13.30M	$48.30M	$43.50M
YoY Change	13.21%	-24.53%	6764.66%	-72.46%	11.03%
Long-Term Debt	$2.037B	$2.635B	$2.649B	$322.0M	$2.692B	$331.9M	$336.9M	$341.9M
YoY Change	-22.69%	-0.53%	722.67%	-88.04%	711.03%	-1.48%	-1.46%
Other Long-Term Liabilities	$10.26B	$6.200B	$3.985B	$6.135B	$4.661B	$3.708B	$7.705B	$7.031B
YoY Change	65.48%	55.58%	-35.05%	31.61%	25.71%	-51.87%	9.57%
Total Long-Term Liabilities	$12.30B	$8.835B	$6.634B	$6.457B	$7.353B	$4.040B	$8.041B	$7.373B
YoY Change	39.19%	33.18%	2.74%	-12.19%	82.01%	-49.76%	9.06%
Total Liabilities	$320.1B	$302.6B	$365.1B	$344.0B	$290.2B	$251.9B	$258.7B	$230.9B
YoY Change	5.77%	-17.11%	6.12%	18.54%	15.23%	-2.64%	12.03%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	81.80M shares	85.51M shares	93.99M shares	67.66M shares	37.79M shares
Diluted Shares Outstanding	83.58M shares	88.69M shares	94.47M shares	67.66M shares	37.79M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.3581 Billion

About Jackson Financial Inc.

Jackson Financial, Inc. operates as an investment holding company. The company is headquartered in Lansing, Michigan and currently employs 3,015 full-time employees. The company went IPO on 2021-09-01. Its segments include Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers a variety of retirement income and savings products through its diverse suite of products, consisting primarily of variable annuities, fixed index annuities, fixed annuities, payout annuities, and registered index-linked annuities. The Institutional Products segment consists of traditional Guaranteed Investment Contracts, funding agreements and medium-term note funding agreements. The Closed Life and Annuity Blocks segment includes various protection products, primarily whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities. The company offers a diverse suite of annuities to retail investors in the United States.

Industry: Life Insurance Peers: ALERUS FINANCIAL CORP Apollo Global Management, Inc. Equitable Holdings, Inc. Voya Financial, Inc. SOURCE CAPITAL INC /DE/