Jackson Financial (JXN) Balance Sheet: Assets & Liabilities

Jackson Financial (JXN) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Jackson Financial reported total assets of $352.59B and total liabilities of $342.24B. Shareholders' equity was $9.95B, down 0.3% from $9.98B a year earlier. Total debt stood at $4.61B against $53.47B in cash and short-term investments, a net cash position of $48.87B. That puts debt-to-equity at 0.46, compared with 0.53 a year earlier.

Jackson Financial Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Jackson Financial Inc. (JXN) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	5.70	3.77	2.69	4.30	2.62	2.02	1.93	3.97
Short-Term Investments	47.77	40.29	40.42	42.49	51.55	59.08	57.09	0.00
Cash & Short-Term Investments	53.47	44.06	43.11	46.79	54.17	61.09	59.03	3.97
Accounts Receivable	20.27	21.95	25.57	29.06	33.13	35.27	8.37	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	-75.85	-87.30	0.00	-67.40	0.00
Total Current Assets	73.74	3.77	69.65	0.00	0.00	96.36	0.00	3.97
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.02	0.02	0.00	0.03	0.04	0.00	0.00
Long-Term Investments	21.46	61.01	19.98	45.16	53.65	19.19	58.81	0.00
Intangible Assets	11.66	0.00	12.30	0.00	0.00	13.90	0.00	10.66
Other Non-Current Assets	245.00	313.00	227.69	-45.16	-53.65	223.97	-58.81	244.71
Total Non-Current Assets	278.84	374.51	260.60	0.00	0.00	257.09	0.00	255.37
Total Assets	352.59	338.45	330.26	314.98	375.56	353.46	297.06	259.33
Current Liabilities
Accounts Payable	0.00	0.00	0.00	0.00	29.01	0.00	0.00	0.00
Short-Term Debt	0.00	0.88	0.38	0.00	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	-	0.88	0.38	0.83	-	-	-	-
Accrued Liabilities	-	0.62	0.56	0.55	0.64	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00
Other Current Liabilities	16.31	0.00	21.96	0.00	0.00	53.49	0.00	0.00
Total Current Liabilities	16.31	0.00	21.96	0.00	0.00	53.47	0.00	0.12
Non-Current Liabilities
Long-Term Debt	4.61	4.38	4.03	4.37	4.05	0.32	2.69	0.33
Other Non-Current Liabilities	321.33	326.43	293.94	-4.37	-4.05	343.21	-2.69	251.02
Total Non-Current Liabilities	325.93	328.47	297.96	0.00	0.00	343.53	0.00	251.35
Total Liabilities	342.24	328.47	319.92	305.61	364.49	343.53	289.74	251.47
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	7.47	7.71	7.04	6.40	2.81	-0.32	1.37	2.74
Accumulated Other Comprehensive Income	-2.47	-3.52	-2.81	-3.38	1.74	3.83	2.40	-0.34
Treasury Stock	1.65	1.01	0.60	0.44	0.21	-	-	-
Additional Paid-in Capital	4.42	6.05	6.01	5.62	6.05	5.92	3.07	5.08
Minority Interest	0.39	0.22	0.16	0.73	0.68	0.49	0.48	0.39
Shares Outstanding	0.07	0.07	0.08	0.08	0.09	-	-	-
Total Stockholders' Equity	9.95	9.98	10.33	8.65	10.39	9.43	6.84	7.47
Total Liabilities & Equity	344.53	338.45	330.26	314.98	375.56	353.46	297.06	259.33

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Jackson Financial Balance Sheet

How much debt does Jackson Financial have?

Jackson Financial had total debt of $4.61B as of Dec 31, 2025, against $53.47B in cash and short-term investments. Its debt-to-equity ratio was 0.46. Total debt was $5.25B a year earlier.

What are Jackson Financial's total assets?

Jackson Financial reported total assets of $352.59B as of Dec 31, 2025, up 4.2% from $338.45B a year earlier. Total liabilities were $342.24B.

What is Jackson Financial's shareholders' equity?

Jackson Financial's shareholders' equity was $9.95B as of Dec 31, 2025, or about $148.94 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition