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Close of Nov 06, 2026 · end-of-day data
JXN 8-K filings in 2025
Every material Form 8-K Jackson Financial filed with the SEC in 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Jackson Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →