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Close of Nov 06, 2026 · end-of-day data
JXN 8-K filings, explained
Every material Form 8-K Jackson Financial has filed with the SEC since February 19, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Jackson Financial reported third quarter 2026 net income attributable to common shareholders of $847 million, or $12.37 per diluted share, up from $65 million, or $0.92, a year earlier. Adjusted operating earnings rose to $517 million, or $7.55 per diluted share, from $433 million, or $6.16, driven mainly by higher spread income and a lower share count. The results also show record retail annuity sales of $6.5 billion and a $1 billion increase to the board-approved share repurchase authorization.
Net income attributable to common shareholders was $847 million, or $12.37 per diluted share, versus $65 million, or $0.92, in the third quarter of 2025.
Adjusted operating earnings were $517 million, or $7.55 per diluted share, versus $433 million, or $6.16, a year earlier.
Record retail annuity sales were $6.5 billion, up 22% from the third quarter of 2025.
The board approved a $1 billion increase to the existing common share repurchase authorization, and the company returned $291 million to common shareholders in the quarter.
Jackson Financial filed slides for its third quarter 2026 earnings call on November 4, 2026. Adjusted operating earnings per diluted share were $7.55, up from $6.16 in the third quarter of 2025, and the company said it announced a $1 billion increase to its common share repurchase authorization on November 3.
Adjusted operating earnings per diluted share of $7.55 in 3Q26, versus $6.16 in 3Q25; GAAP earnings per share of $12.37
Retail annuity sales up 22% versus 3Q25, which the company says were its highest since becoming independent
$1 billion increase to the common share repurchase authorization announced November 3, 2026
2026 capital return target of $900 million to $1.1 billion; $838 million returned to common shareholders in the first nine months of 2026
Jackson Financial's board elected Donald C. Templin as a new independent director on October 12, 2026, filling the vacancy left by Gregory Durant's resignation earlier this year. He also joined the Audit and Compensation Committees, and the filing says he qualifies as an audit committee financial expert, which matters to shareholders because it adds audit oversight experience to the board.
Board elected Templin on October 12, 2026, for a term ending at the 2027 Annual Meeting of Shareholders
Templin fills the vacancy from Gregory Durant's resignation and joins the Audit and Compensation Committees
Non-employee director pay is an annual cash retainer of $125,000 and an annual equity grant valued at $185,000
Templin is former Executive Vice President and Chief Financial Officer of Voya Financial and previously a certified public accountant at PricewaterhouseCoopers LLP
Jackson Financial reported second quarter 2026 net income of $644 million, or $9.16 per diluted share, versus $168 million, or $2.34, a year earlier. Adjusted operating earnings, which the company says better reflect underlying performance, rose to a record $7.30 per diluted share from $4.87, helped by higher spread and fee income and a lower share count from buybacks.
Net income attributable to common shareholders was $644 million, or $9.16 per diluted share, compared with $168 million, or $2.34, in Q2 2025.
Adjusted operating earnings were $513 million, or a record $7.30 per diluted share, compared with $350 million, or $4.87, in Q2 2025.
Retail annuity sales were $5.9 billion, up 34% from Q2 2025, including record RILA sales of $2.3 billion.
The company returned $290 million to common shareholders in the quarter, including $227 million of share repurchases and $63 million in dividends.
Jackson Financial said its board approved Don Cummings as chief executive officer, president and director, and Brian Walta as executive vice president and chief financial officer, both effective October 1, 2026. CEO Laura Prieskorn will retire from her roles and as a director at the end of September 30, 2026, and will serve as an advisor through December 31, 2026. The filing reports pay terms for both new executives but no changes to financial results or guidance.
Don Cummings, currently CFO, becomes CEO and president effective October 1, 2026, with a base salary of $1.05 million, a 200% target bonus and a $7.85 million target long-term incentive award.
Brian Walta, currently senior vice president of planning and asset liability management at Jackson National Life Insurance Company, becomes CFO effective October 1, 2026, with a base salary of $600,000, a 150% target bonus and a $1.9 millio
Laura Prieskorn retires as CEO, president and director at the end of September 30, 2026, and is expected to advise the company through December 31, 2026.
On June 30, 2026, Jackson Financial entered a revolving credit agreement with aggregate commitments of $1.25 billion, led by Wells Fargo as administrative agent. The new agreement replaces the company's $1 billion 2023 credit facility, which was scheduled to terminate in February 2028, and the filing describes its covenants as substantially similar to that earlier agreement.
Aggregate commitments of $1.25 billion, with a $500 million sub-limit for letters of credit and a possible increase of up to $500 million on request
Replaces the $1 billion credit agreement dated February 24, 2023, which was scheduled to terminate in February 2028
Commitments terminate June 30, 2031, with two one-year extension options subject to required bank approval
Borrowings are unsecured, priced at Term SOFR plus 1.125% to 1.875% or Base Rate plus 0.125% to 0.875%, based on the company's senior debt ratings
Jackson Financial Inc. disclosed that director Gregory T. Durant resigned from its Board of Directors effective immediately, citing health reasons, after notifying the company on June 22, 2026. He had served as chair and member of the Audit Committee and a member of the Compensation Committee, and Steven A. Kandarian has been appointed to replace him as Audit Committee chair. The filing states the resignation was not the result of any disagreement with the company.
Gregory T. Durant resigned from the Board effective immediately; notice given June 22, 2026
Durant was chair of the Audit Committee and a member of the Compensation Committee
Steven A. Kandarian, board chair, was appointed Audit Committee chair to replace Durant
The filing states the resignation was not due to any disagreement with the company
Jackson Financial reported a first-quarter 2026 net loss attributable to common shareholders of $435 million, or $6.24 per diluted share, compared with a $35 million loss, or $0.48 per share, a year earlier. Adjusted operating earnings rose slightly to $361 million, or $5.15 per diluted share, from $376 million, or $5.10 per share, while retail annuity sales grew 31% to $5.3 billion. The filing attributes the GAAP loss mainly to less favorable net hedging results, so shareholders face a sharply weaker reported result even as the company's adjusted measure held steady.
Net loss attributable to common shareholders of $435 million, or $6.24 per diluted share, versus a $35 million loss, or $0.48 per share, in Q1 2025
Adjusted operating earnings of $361 million, or $5.15 per diluted share, versus $376 million, or $5.10 per share, in Q1 2025
Retail annuity sales rose 31% to $5.3 billion; total revenues fell to $2.9 billion from $3.75 billion
Returned $257 million to common shareholders in the quarter, including $192 million in share repurchases and $65 million in dividends
Christopher Raub became President and Chief Executive Officer of PPM America, Inc., an indirect subsidiary of Jackson Financial, on April 9, 2026. He ceased to serve as President of Jackson National Life Insurance Company, a role CEO Laura Prieskorn resumed, and remains an Executive Vice President of Jackson. The change is a management reassignment within the company and the filing reports no change to Prieskorn's compensation.
Christopher A. Raub, age 55, became President and CEO of PPM America, Inc. on April 9, 2026.
Laura L. Prieskorn resumed the role of President of Jackson National Life Insurance Company, the company's main operating subsidiary.
Raub continues as an Executive Vice President of Jackson Financial; there was no change in Prieskorn's compensation.
PPM had $93.73 billion in assets under management as of December 31, 2025, per the press release.
Jackson Financial reported a fourth-quarter 2025 GAAP net loss attributable to common shareholders of $(215) million, or $(3.13) per diluted share, compared with net income of $334 million, or $4.45 per share, a year earlier. Adjusted operating earnings, a non-GAAP measure, rose to $455 million, or a record $6.61 per diluted share, and the company set a 2026 capital return target of $900 million to $1.1 billion.
Q4 2025 GAAP net loss of $(215) million, or $(3.13) per diluted share, versus net income of $334 million, or $4.45 per share, in Q4 2024
Q4 2025 adjusted operating earnings of $455 million, or a record $6.61 per diluted share, versus $349 million, or $4.65 per share, a year earlier
Full-year 2025 GAAP net loss of $(17) million, or $(0.24) per diluted share, versus net income of $902 million, or $11.74 per share, in 2024
Quarterly dividend to rise 12.5% to $0.90 per share in Q1 2026; 2026 capital return target set at $900 million to $1.1 billion
Jackson Financial reported third-quarter 2025 net income attributable to common shareholders of $65 million, or $0.92 per diluted share, compared with a loss of $480 million, or $6.37 per share, a year earlier. Total revenues fell to $1,416 million from $2,121 million, while adjusted operating earnings rose to $433 million, or $6.16 per diluted share, from $350 million, or $4.60 per share.
Net income attributable to common shareholders: $65 million, or $0.92 per diluted share, versus a $480 million loss, or $6.37 per share, in Q3 2024
Adjusted operating earnings: $433 million, or $6.16 per diluted share, versus $350 million, or $4.60 per share, in Q3 2024
Total revenues: $1,416 million, down from $2,121 million in Q3 2024
Capital returned to common shareholders in Q3 2025: $210 million, including $154 million of share repurchases and $56 million in dividends
Craig Smith, President and CEO of PPM America, Jackson Financial's asset management subsidiary, intends to retire effective December 31, 2025, after nearly 20 years of service. Christopher A. Raub, President of Jackson National Life Insurance Company, will serve as interim leader of PPM while a successor is searched for. The filing also discloses the retirement agreement of former CFO Marcia Wadsten, which includes payments in Jackson Financial shares tied to performance metrics.
Craig Smith intends to retire as PPM America President and CEO effective December 31, 2025.
Christopher A. Raub, President of Jackson National Life Insurance Company, will serve as interim PPM leader and keep his current role.
PPM had $83.51 billion in assets under management as of June 30, 2025.
Marcia Wadsten's last day as senior advisor was September 26, 2025; her retirement agreement is dated October 7, 2025 and includes long-term incentive payments in common stock contingent on performance metrics.
Jackson Financial disclosed that Scott Romine, who separated from Jackson National Life Distributors LLC, will receive $2,474,061 under a Separation Agreement dated August 14, 2025, plus a pro-rated 2025 cash bonus and common shares from long-term incentive awards. The filing describes the payments as consistent with the company's Severance Plan, and the agreement includes restrictive covenants and a release.
Scott Romine separated from Jackson National Life Distributors LLC, the company's marketing and distribution arm.
Separation Agreement dated August 14, 2025 provides an aggregate cash payment of $2,474,061, to be paid within 30 days.
Also includes a pro-rated 2025 cash bonus and common shares from long-term incentive plan payouts.
Jackson Financial reported second quarter 2025 net income attributable to common shareholders of $168 million, or $2.34 per diluted share, down from $264 million, or $3.43, a year earlier. Adjusted operating earnings, which the company says better reflect underlying performance, fell to $350 million, or $4.87 per share, from $410 million, or $5.32. Retail annuity sales rose 4% to $4.4 billion and free cash flow increased to $290 million, but lower earnings reflect a weaker quarter for shareholders.
Net income attributable to common shareholders was $168 million, or $2.34 per diluted share, versus $264 million, or $3.43, in Q2 2024.
Adjusted operating earnings were $350 million, or $4.87 per diluted share, versus $410 million, or $5.32, in Q2 2024.
Retail annuity sales rose 4% to $4.4 billion, and free cash flow was $290 million versus $229 million in Q2 2024.
The company returned $216 million to common shareholders in the quarter, including $158 million in share repurchases; a conference call is set for August 6, 2025, at 11 a.m. ET.
Jackson Financial reported a first-quarter 2025 net loss attributable to common shareholders of $35 million, or $0.48 per diluted share, compared with net income of $784 million, or $9.94 per diluted share, a year earlier. The company attributed the loss partly to a $161 million loss from business reinsured to third parties, and said adjusted operating earnings, a non-GAAP measure, better reflect underlying performance. Adjusted operating earnings rose to $376 million, or $5.10 per diluted share, from $334 million, or $4.23 per diluted share, helped by higher spread income and fewer diluted shares.
GAAP net loss of $35 million, or $0.48 per diluted share, versus net income of $784 million, or $9.94 per diluted share, in Q1 2024
Adjusted operating earnings of $376 million, or $5.10 per diluted share, versus $334 million, or $4.23 per diluted share, in Q1 2024
Retail annuity sales of $4.0 billion, up 9% from the first quarter of 2024
Returned $231 million to common shareholders in Q1 2025: $172 million in share repurchases and $59 million in dividends
Jackson Financial's board appointed Christopher Raub as Executive Vice President and President of Jackson National Life Insurance Company, its main operating subsidiary, and Steve Binioris as Executive Vice President and Chief Risk Officer, both effective April 14, 2025. Binioris succeeds Raub in the risk role, and the company has begun a search to fill Binioris' prior Chief Actuary position. The filing reports no financial results, so the changes are leadership updates rather than a direct measure of performance.
Raub, age 54, was appointed April 4, 2025; he previously served as Executive Vice President and Chief Risk Officer since April 2023.
Raub's package includes a $600,000 base salary, a target bonus of 175% of base salary, and a target annual long-term equity incentive award of $2,000,000.
Binioris joined Jackson in 2001 and was previously Senior Vice President and Chief Actuary at Jackson National Life Insurance Company.
Pam Bottles was named interim Chief Actuary; both Raub and Binioris will report to CEO Laura Prieskorn.
Jackson Financial reported fourth-quarter 2024 net income of $334 million, or $4.45 per diluted share, compared with a loss of $(1.6) billion a year earlier, and full-year adjusted operating earnings of $1.4 billion, or $18.79 per diluted share. The company also raised its first-quarter 2025 dividend by 14% to $0.80 per share and set a 2025 capital return target of $700-800 million, which matters to shareholders because it indicates how much cash the company plans to return to them this year.
Q4 2024 net income attributable to common shareholders was $334 million, or $4.45 per diluted share, versus a loss of $(1.6) billion, or $(19.64) per diluted share, in Q4 2023.
Q4 2024 adjusted operating earnings were $349 million, or $4.65 per diluted share, up from $204 million, or $2.53 per diluted share, a year earlier.
Full-year 2024 adjusted operating earnings were $1.4 billion, or $18.79 per diluted share, compared with $1.1 billion, or $12.84 per diluted share, in 2023.
The first-quarter 2025 common dividend rises 14% to $0.80 per share, and the 2025 capital return target is $700-800 million.
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