Jackson Financial (JXN) Stock News

TPG and Jackson Financial (NYSE: JXN) announced a long-term strategic investment management partnership on January 6, 2026. TPG will manage a minimum of $12 billion of AUM for Jackson with economic incentives aligned to a $20 billion target. TPG will make a $500 million minority investment (≈6.5% pro forma stake) and will issue $150 million of TPG stock to Jackson, with potential additional shares if the partnership reaches $20 billion. The partnership initially targets Investment Grade Asset Based Finance and Direct Lending and is expected to close in Q1 2026, subject to customary closing conditions.

Jackson Financial (NYSE: JXN) and TPG (NASDAQ: TPG) announced a long-term strategic partnership on January 6, 2026 to expand Jackson’s spread-based annuity sales and diversify earnings.

TPG will acquire a $500 million equity stake in Jackson (4,715,554 shares at $106.03/share, ~6.5% common equity) and will issue $150 million of TPG common stock to a Jackson subsidiary (2,279,109 shares at $65.82/share). The parties agreed a non-exclusive investment management arrangement with a 10-year initial term (automatic 1-year renewals through year 15) for TPG to provide investment grade asset-based finance and direct lending capabilities alongside PPM America.

Capital proceeds plus $150 million excess Jackson cash will capitalize new Michigan captive reinsurer Hickory Re to support fixed and fixed index annuity sales; the transaction is expected to close in Q1 2026 and is subject to customary closing conditions.

Jackson Financial (NYSE: JXN) named Alison Reed Head of Distribution for Jackson National Life Distributors LLC effective December 18, 2025. Reed will join Jackson’s Executive Committee and lead distribution strategy, product development, and initiatives to drive growth at JNLD and Jackson.

Reed joined Jackson in 2002, has held senior roles including Chief Product Development and Strategy Execution Officer, JNLD COO, and EVP of Product Solutions, and previously held roles at National Planning Holdings. She holds a bachelor’s degree from the University of Colorado, an MBA from the University of Denver, and FINRA Series 7 and 24 registrations.

Jackson (NYSE: JXN) awarded $730,000 in grants on December 10, 2025 to nonprofits in Lansing, MI; Nashville, TN; and Chicago, IL to support food security, career development, and services for unhoused youth.

Key grants include $105,000 to Greater Lansing Food Bank for a senior meal kit program (tripling seniors served), $20,000 to Monroe Harding for the Works Wonders career program, and $25,000 to Care for Friends to expand grocery delivery and a new community hub. Jackson reported it has donated $91 million to nonprofits since 2007 and encourages local organizations to apply via its website.

PPM America (NYSE:JXN) announced it was named one of Pensions & Investments’ Best Places to Work in Money Management 2025 on December 9, 2025. This is PPM’s sixth time receiving the honor. PPM was selected among 43 companies in the 100–499 employee category and among 105 industry winners. The firm highlighted employee-focused programs such as health and insurance benefits, retirement contribution matching, tuition reimbursement, and ongoing philanthropic activity in the Chicagoland area.

The recognition follows a two-part employer and employee survey run by Pensions & Investments and Workforce Research Group and underscores the firm’s focus on workplace culture and client service.

Jackson Financial (NYSE: JXN) reported third quarter 2025 results for the period ended September 30, 2025. Key highlights include adjusted operating earnings of $433 million ($6.16 per diluted share), up from $350 million a year earlier, and net income attributable to common shareholders of $65 million ($0.92 per diluted share).

Sales: retail annuity sales $5.4B (+2% YoY), variable annuity sales $2.9B (+8% YoY), record RILA sales $2.1B (+28% YoY), and institutional sales $1.0B (+34% YoY). PPM AUM rose 18% to $90.1B.

Capital & cash: holding company free cash flow $216M in the quarter and nearly $1B over the past 12 months; statutory TAC at JNL $5.6B; estimated RBC ratio 579%. Returned $210M to common shareholders in Q3 and announced a $1B increase to repurchase authorization.

Jackson (NYSE: JXN) announced fourth-quarter 2025 cash dividends for both common and preferred depositary shares. The Board declared a $0.80 per common share dividend payable on December 18, 2025, to shareholders of record at the close of business on December 4, 2025. The company also declared a $0.50 per depositary share dividend on its Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A (NYSE: JXN PR A), payable on December 30, 2025, to shareholders of record at the close of business on December 4, 2025.

Jackson (NYSE: JXN) will release third quarter 2025 financial results after market close on Tuesday, November 4, 2025. The company said its press release and supplemental financial materials will be posted at investors.jackson.com.

Jackson will host a conference call and live webcast to discuss results at 11:00 a.m. ET on Wednesday, November 5, 2025; the webcast is open to the public and a replay will be available afterward.

Jackson Financial (NYSE: JXN) and PPM America announced that Craig Smith, PPM president and CEO for nearly 20 years, intends to retire effective December 31, 2025. While a successor search is underway, Chris Raub, president of Jackson National Life Insurance Company, will serve as interim leader of PPM following Smith’s retirement.

Raub has more than 25 years with Jackson and will retain his JNLIC responsibilities, including oversight of distribution, product development, operations, IT and sub-advisor/fund accounting, while providing oversight to PPM’s executive leadership and growth initiatives.