Name | Value |
---|---|
Revenues | 423.0M |
Cost of Revenue | 620.0M |
Gross Profit | -197.0M |
Operating Expense | 1,020.0M |
Operating I/L | 1,443.0M |
Other Income/Expense | 1,705.0M |
Interest Income | 58.0M |
Pretax | 1,465.0M |
Income Tax Expense | 245.0M |
Net Income/Loss | 1,217.0M |
Jackson Financial Inc. primarily provides a range of annuities to retail investors in the United States. The company's revenue is generated through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers retirement income and savings products, including variable, fixed index, fixed, and immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts and funding agreements, while the Closed Life and Annuity Blocks segment offers various protection products such as life insurance and annuities. The company also offers investment management services.