Jackson Financial JXN Q4 2025 Earnings Transcript | The Motley Fool

The Motley Fool

by newsfeedback@fool.com (Motley Fool Transcribing)

February 19, 2026

AI-Generated Deep Dive Summary

Jackson Financial JXN reported strong financial performance in its Q4 2025 earnings transcript, highlighting robust growth across key metrics. Adjusted operating earnings rose nearly 12%, driven by stable fee income and improved spread earnings. This growth translated into a 20% increase in adjusted operating earnings per share (EPS), reflecting the company's ability to generate significant returns for shareholders through capital return programs and share repurchases. The transcript revealed that JXN generated over $1 billion in free capital for the second consecutive year, underscoring its financial strength. Full-year free cash flow exceeded $800 million, supporting both capital return initiatives and strategic investments. Retail annuity sales reached nearly $20 billion, marking the highest level since 2019, while total retail annuity account values increased by 7% to $269 billion. Notably, JXN returned over $860 million to common shareholders during the year, surpassing its target range. Despite challenges such as a GAAP pretax loss of $376 million—attributed to net hedge losses and margin-related benefits (MRB) impacts—the company maintained strong adjusted operating earnings of $529 million. The quarter also saw record RILA sales of nearly $2.3 billion, up 53% year-over-year, driven by expanded broker-dealer partnerships and product diversification. Fee-based advisory sales reached a record $1.5 billion, further solidifying JXN's position in the annuity market. Looking ahead, JXN has set ambitious targets for 2026, including a free capital generation goal of $1.2 billion or higher and a capital return target range of $900 million to $1.1 billion—a 16% increase from the prior year. The company's ability to consistently deliver on these goals positions it as a leader in the financial services sector, offering attractive opportunities for investors seeking stable returns and growth potential.

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Originally published on The Motley Fool on 2/19/2026