(JXN) Jackson Financial - Ratings and Ratios

Jackson Financial Inc. (NYSE:JXN) is a prominent player in the financial services sector, specializing in annuity and life insurance products. The company operates through three distinct segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. This structure allows Jackson Financial to cater to a diverse range of clients, from individual investors to institutional partners.

The Retail Annuities segment is a cornerstone of Jackson Financials business, offering a variety of products designed for retirement planning. These include variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions. This segment is crucial for individual investors seeking stable income streams in their retirement years.

In contrast, the Institutional Products segment targets larger clients, providing traditional guaranteed investment contracts and funding agreements. Notably, this segment participates in the U.S. federal home loan bank program, which can offer a layer of security and stability. Additionally, medium-term funding agreement-backed notes are part of the offerings, appealing to institutions seeking reliable investment vehicles.

The Closed Life and Annuity Blocks segment focuses on managing existing books of business that are no longer actively sold. This includes a range of life insurance products such as whole life, universal life, and term life, as well as various annuities. Managing these blocks can provide a stable source of revenue, though it may come with its own set of challenges, including legacy obligations.

Jackson Financials distribution network is extensive, encompassing independent broker-dealers, wirehouses, regional broker-dealers, banks, and insurance agents. This broad reach enhances the companys market penetration and ability to serve a wide customer base. The companys strategic name change from Brooke (Holdco1) Inc. in 2020 reflects its commitment to rebranding and positioning itself in the market.

From a financial standpoint, Jackson Financial has a market capitalization of approximately $6.8 billion, indicating a well-established presence. The price-to-book (P/B) ratio of 0.67 may suggest the stock is undervalued