Jackson Financial Inc. Reports Robust Q4 and Full-Year 2025 Results
Jackson Financial Inc. Reports Q4 and Full-Year 2025 Financial Performance
LANSING, Mich., Feb. 18, 2026 — Jackson Financial Inc. revealed its Q4 and 2025 financial performance, showcasing robust sales in annuity products and a strong financial footing. Despite a net loss, operational earnings highlighted growth across its insurance offerings.
Fourth Quarter 2025 Overview
Retail annuity sales surged to $5.9 billion, a 27% increase from Q4 2024, driven by heightened demand in the industry. Variable annuities reached $2.8 billion, as products lacking lifetime benefits gained traction. Meanwhile, registered index-linked annuities (RILA) hit a record $2.3 billion, a substantial 53% year-over-year growth.
Sales of fixed and fixed indexed annuities more than doubled to $812 million, thanks to the launch of Jackson Income Assurance℠. However, Jackson reported a net loss of $215 million, a reversal from a $334 million gain the previous year, although adjusted operating earnings climbed to $455 million from $349 million a year earlier.
Full Year 2025 Overview
Total retail annuity sales rose 10% to $19.7 billion, reflecting consistent demand across the provider's product lines. Variable annuities increased by 3% to $10.9 billion while RILA sales jumped 22% to $6.9 billion. Record-fixed and fixed index annuities sales reached $1.9 billion due to strategic product launches. Institutional sales also saw a rise, growing 77% to $3.5 billion.
For 2025, Jackson reported a net loss of $17 million, a significant drop from $902 million in net income in 2024. Nevertheless, adjusted operating earnings grew to $1.6 billion, indicating growth in RILA assets and an enhancement in operational benchmarks.
Operational and Financial Highlights
Jackson Financial returned $862 million to shareholders in 2025, surpassing its payout target. The carrier maintained a robust risk-based capital ratio of 567% with more than $5.5 billion in adjusted capital at Jackson National Life Insurance Company. The parent entity finished the year with over $650 million in cash, exceeding its liquidity target.
Looking Ahead to 2026
Jackson declared a 12.5% increase in its first-quarter dividend for 2026, setting a capital return target of $900 million to $1.1 billion. CEO Laura Prieskorn emphasized the year’s accomplishments in product expansion and regulatory compliance, positioning the company for continued success. The strategic partnership with TPG, coupled with enhanced asset management, is expected to boost scalability and diversification.
Jackson will host an earnings call on Feb. 19, 2026, to delve deeper into its financial results and future strategies. Interested parties can access the call through the investor relations section of Jackson’s website.
This comprehensive financial overview not only highlights Jackson Financial's prowess in risk management and regulatory adherence, but also shines a light on its strategic initiatives that bolster market presence and project ambitious future targets.