Abstract

Jackson Financial Inc is scheduled to release its quarterly results on February 18, 2026 Post Market, with investors watching revenue, margins, and adjusted EPS amid an improving spread income backdrop and ongoing share repurchases.

Market Forecast

For the current quarter ending around February 18, 2026, Jackson Financial Inc’s revenue is estimated at $1.92 billion, implying a 6.06% year-over-year increase, and adjusted EPS is forecast at 5.86, with year-over-year growth of 20.08%. Forecast details do not include gross margin or net margin guidance, but recent performance suggests relatively stable profitability. The main business is expected to be supported by fee revenues tied to annuity assets and net investment income, while market-sensitive derivative marks could add volatility. The most promising segment remains retail annuities—particularly variable and RILA products—supported by sustained demand and higher spread income; however, precise forecasted segment revenue and year-over-year figures were not disclosed for the current quarter.

Last Quarter Review

In the prior quarter, Jackson Financial Inc reported revenue of $1.42 billion, a gross profit margin of 42.09%, net profit attributable to the parent company of $76.00 million, a net profit margin of 5.30%, and adjusted EPS of 6.16, with adjusted EPS rising 33.91% year over year. Net profit declined sequentially, with quarter-on-quarter change of net profit at -57.54%. The main business showed fee revenue of $2.03 billion, net investment income of $856.00 million, insurance premiums of $31.00 million, other income of $15.00 million, and a net loss of $1.51 billion on derivatives and investments; the segment revenue figures are presented in US dollars.

Current Quarter Outlook

Main Business: Fee-Based and Spread Income

Jackson Financial Inc’s core earnings power is anchored in fee-based revenue derived from retail annuities and spread income on invested assets. Fee revenue is sensitive to equity market levels, as higher annuity account values lift asset-based fees; conversely, market drawdowns can compress fees and elevate reserve marks. Spread income should benefit from reinvestment at higher yields, a trend that supported recent adjusted operating results and remains intact given current rate conditions. Management’s prior expansion of its share repurchase authorization indicates confidence in capital generation, which can bolster per-share metrics even if headline revenues fluctuate with mark-to-market dynamics.

Most Promising Segment: Retail Annuities (Variable and RILA)

Retail annuities—especially variable annuities and registered index-linked annuities (RILA)—continue to attract demand from consumers balancing protection and growth. Sales momentum in these products has outpaced broader life and annuity categories, aided by product design features that align with the current rate and equity environment. The company’s earlier commentary highlighted growth in retail annuity sales, with stronger spread income from increasing average RILA assets. If equity markets are stable-to-positive and rates remain supportive, we expect this segment to drive the bulk of revenue, fee generation, and operating earnings in the quarter. The mix shift toward RILA can also modestly reduce capital strain versus traditional guarantees, improving risk-adjusted returns.

Key Stock Price Drivers This Quarter

Three near-term variables are most likely to drive the stock: equity market performance, interest rate trajectory, and capital actions. Equity markets influence asset-based fees and hedge costs on variable annuities; a rising market boosts fees but may also require offsetting hedge adjustments, while a declining market reduces fees and can trigger higher benefit reserves. Interest rates affect new money yields and spread income; modestly higher reinvestment rates typically lift net investment income, although sharp rate moves can impact hedging and valuation. Capital deployment—including buybacks—can amplify EPS and offset volatility in GAAP results, but investors will scrutinize statutory capital ratios and RBC to gauge sustainability of repurchases.

Analyst Opinions

Most recent institutional commentary leans neutral-to-positive, with the prevailing stance closer to “hold” but supported by constructive elements. A noted update reported that Jackson Financial Inc’s adjusted operating earnings rose in a recent quarter to $433.00 million alongside a 2% increase in retail annuity sales and stronger spread income, and highlighted that the company announced a $1.00 billion increase to its share repurchase authorization. The same update cited a median 12-month price target of $110.00, modestly above the then-current share price, and an overall average rating of “hold” with a distribution that includes one “buy,” three “hold,” and one “sell.” From an earnings preview perspective, the neutral-to-positive tilt reflects confidence in capital generation and spread income trends, even as market-linked derivative marks can introduce volatility into GAAP net income. The balance of views suggests supportive operating fundamentals for the current quarter, with valuation still sensitive to macro conditions and the pace of buybacks.