Jackson Financial Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	946	934	6,186	3,417
Gain (Loss) on Sale of Investments	-22	527	370	-133
Stock-Based Compensation	191	107	131	129
Change in Insurance Reserves / Liabilities	-777	-731	-1,137	-1,102
Change in Other Net Operating Assets	61	105	221	-50
Other Operating Activities	4,979	3,746	-1,166	2,902
Operating Cash Flow	5,793	5,310	5,206	5,682
Operating Cash Flow Growth	9.10%	2.00%	-8.38%	53.07%
Investment in Securities	-921	3,373	-236	4,774
Other Investing Activities	-6,820	-4,852	-1,017	-5,390
Investing Cash Flow	-7,090	-592	-1,374	-1,296
Short-Term Debt Issued	1,532	-	-	476
Long-Term Debt Issued	1,398	547	750	3,943
Total Debt Issued	2,930	547	750	4,419
Total Debt Repaid	-531	-1,979	-1,366	-1,995
Net Debt Issued (Repaid)	2,399	-1,432	-616	2,424
Issuance of Common Stock	-	-	-	5
Repurchases of Common Stock	-442	-306	-321	-211
Issuance of Preferred Stock	-	533	-	-
Common Dividends Paid	-211	-293	-186	-50
Preferred Dividends Paid	-44	-35	-	-
Total Dividends Paid	-255	-328	-186	-50
Other Financing Activities	19,921	10,128	5,678	2,636
Financing Cash Flow	2,373	-6,328	-2,162	-3,774
Net Cash Flow	1,076	-1,610	1,670	612
Cash Interest Paid	263	183	107	30
Cash Income Tax Paid	-8	-21	-5	-403
Levered Free Cash Flow	-5,632	-3,528	1,942	651.88
Unlevered Free Cash Flow	-5,519	-3,460	2,003	675
Change in Working Capital	-301	-4	-315	-633

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