Reviewed listing: NYSE:JXN · Analysis dated Oct 22, 2026
The underlying information has changed since this analysis. This earlier assessment has not yet been updated for those changes. It refers to the analysis date and original reviewed price shown here.
How does the company make money?
Jackson sells retirement insurance products in the United States. The company earns money from fees as well as from investing customer funds and financing promised benefits.
What supports the business?
New annuity insurance sales rose 34 percent in the second quarter. Adjusted operating profit also grew. At the same time, the reported capital position of the main insurance company was well above the regulatory benchmark.
What could improve?
More contract assets could bring additional fees and interest income. If risks remain under control, earnings, dividends, and buybacks could increase value per share. This also depends on whether the insurer is permitted to transfer cash to the holding company.
How is the stock price assessed?
This assessment refers to the analysis and its quoted price shown here. It is not a live quote or a personal recommendation to buy.
130.17 USD is reasonable in my cautious calculation. Using 20 USD in sustainable annual earnings per share and a multiple of 7 gives a ceiling of 140 USD. The gap is limited, so the stock is not a risk-free bargain.
What is the main risk?
Stock market losses, higher guarantee costs, or defaults in investments can significantly burden earnings and available capital. The group's large cash balances are, economically, largely used to secure customers.
What is the overall assessment?
Jackson combines growing annuity sales with a high reported capital position. 130.17 USD is defensible based on cautiously normalized earnings, but is not a risk-free undervaluation. Insurance and capital markets risks justify the low valuation multiple.
Continue exploring this stock in your account
A free Marqora account gives you the detailed analysis with further evidence and lets you compare and save stocks. Your selected stock is kept when you sign in or register.
Open the full analysis in a free account →
Already have an account? Sign in