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Jackson Financial Inc. balance sheet

At the end of fiscal 2025, Jackson Financial Inc. had total assets of $352.59bn, total liabilities of $342.24bn and shareholders' equity of $9.95bn. It held $5.70bn in cash against $2.03bn of debt: net cash of $3.67bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents1.92.02.64.32.73.85.76.0
Total assets—355.5375.6315.0330.3338.5352.6367.1
Short-term debt—0.0—0.31.0———
Long-term debt—0.32.62.62.02.02.02.8
Total debt0.00.32.62.93.02.02.02.8
Total liabilities—348.6364.5305.6319.9328.5342.2356.6
Shareholders' equity7.36.910.49.410.29.810.010.0
Net debt (negative = net cash)−1.9−1.70.0−1.40.3−1.7−3.7−3.2
Shares outstanding38m—89m83m79m73m67m68m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Jackson Financial Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Jackson Financial Inc.