Jackson Financial Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	576	946	934	6,186	3,417	-1,634
Gain (Loss) on Sale of Investments	17	-22	527	370	-133	-322
Stock-Based Compensation	135	191	107	131	129	56
Change in Insurance Reserves / Liabilities	-691	-777	-731	-1,137	-1,102	-
Change in Other Net Operating Assets	168	61	105	221	-50	387
Other Operating Activities	5,124	4,979	3,746	-1,166	2,902	6,728
Operating Cash Flow	5,662	5,793	5,310	5,206	5,682	3,712
Operating Cash Flow Growth	-4.07%	9.10%	2.00%	-8.38%	53.07%	-15.02%
Investment in Securities	-4,501	-921	3,373	-236	4,774	1,642
Other Investing Activities	-4,118	-6,820	-4,852	-1,017	-5,390	-4,987
Investing Cash Flow	-8,581	-7,090	-592	-1,374	-1,296	-4,333
Short-Term Debt Issued	-	1,532	-	-	476	1,180
Long-Term Debt Issued	-	1,398	547	750	3,943	-
Total Debt Issued	1,714	2,930	547	750	4,419	1,180
Total Debt Repaid	-1,147	-531	-1,979	-1,366	-1,995	-60
Net Debt Issued (Repaid)	567	2,399	-1,432	-616	2,424	1,120
Issuance of Common Stock	-	-	-	-	5	500
Repurchases of Common Stock	-616	-442	-306	-321	-211	-
Issuance of Preferred Stock	-	-	533	-	-	-
Common Dividends Paid	-220	-211	-293	-186	-50	-
Preferred Dividends Paid	-44	-44	-35	-	-	-
Total Dividends Paid	-264	-255	-328	-186	-50	-
Other Financing Activities	20,314	19,921	10,128	5,678	2,636	2,561
Financing Cash Flow	4,420	2,373	-6,328	-2,162	-3,774	705
Net Cash Flow	1,501	1,076	-1,610	1,670	612	84
Cash Interest Paid	250	263	183	107	30	81
Cash Income Tax Paid	-	-8	-21	-5	-403	4
Levered Free Cash Flow	-2,250	-5,632	-3,528	1,942	651.88	334.53
Unlevered Free Cash Flow	-2,140	-5,519	-3,460	2,003	675	389.53
Change in Working Capital	-190	-301	-4	-315	-633	-1,116

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