Jackson Financial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	50,791	43,335	42,575	44,662	53,258
Investments in Equity & Preferred Securities	3,008	2,702	2,526	3,605	3,110
Policy Loans	4,426	4,403	4,399	4,377	4,475
Total Investments	68,666	60,586	60,362	64,535	73,115
Cash & Equivalents	5,704	3,767	2,688	4,298	2,623
Reinsurance Recoverable	19,636	21,951	25,571	29,267	33,126
Other Receivables	634	529	512	514	503
Deferred Policy Acquisition Cost	11,660	11,887	12,302	12,923	14,249
Separate Account Assets	236,496	229,143	219,656	195,906	248,949
Property, Plant & Equipment	54	20	24	26	31
Restricted Cash	-	-	3	3	8
Other Current Assets	8,315	9,193	7,122	6,130	987
Long-Term Deferred Tax Assets	719	480	640	320	954
Long-Term Deferred Charges	-	-	-	-	2
Other Long-Term Assets	702	894	1,375	1,061	1,012
Total Assets	352,586	338,450	330,255	314,983	375,559
Accrued Expenses	613	618	559	548	644
Insurance & Annuity Liabilities	78,559	69,384	67,217	70,508	76,343
Unpaid Claims	-	-	-	-	1,050
Reinsurance Payable	14,960	16,742	19,952	22,957	29,007
Current Portion of Long-Term Debt	-	877	382	829	-
Current Portion of Leases	11	-	-	-	-
Short-Term Debt	1,036	1,554	19	1,048	1,589
Long-Term Debt	4,608	4,377	4,025	3,769	4,053
Long-Term Leases	45	26	32	36	43
Separate Account Liability	236,496	229,143	219,656	195,906	248,949
Other Current Liabilities	4,069	4,108	6,643	8,185	954
Other Long-Term Liabilities	1,847	1,639	1,436	1,819	1,853
Total Liabilities	342,244	328,468	319,921	305,605	364,485
Preferred Stock, Redeemable	533	533	533	-	-
Common Stock	1	1	1	1	1
Additional Paid-In Capital	6,063	6,046	6,005	6,063	6,051
Retained Earnings	7,471	7,713	7,038	6,403	2,809
Treasury Stock	-1,645	-1,007	-599	-443	-211
Comprehensive Income & Other	-2,470	-3,522	-2,808	-3,378	1,744
Total Common Equity	9,420	9,231	9,637	8,646	10,394
Minority Interest	389	218	164	732	680
Shareholders' Equity	10,342	9,982	10,334	9,378	11,074
Total Liabilities & Equity	352,586	338,450	330,255	314,983	375,559
Filing Date Shares Outstanding	70.68	72.65	77.41	82.28	87.43
Total Common Shares Outstanding	66.83	73.38	78.66	82.69	88.69
Total Debt	5,700	6,834	4,458	5,682	5,685
Net Cash (Debt)	4	-3,067	-1,770	-1,384	-3,062
Net Cash Per Share	0.06	-39.93	-21.18	-15.60	-32.41
Book Value Per Share	140.96	125.80	122.51	104.56	117.20
Tangible Book Value	9,420	9,231	9,637	8,646	10,394
Tangible Book Value Per Share	140.96	125.80	122.51	104.56	117.20

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.