Jackson Financial Forms Strategic Partnership with TPG Inc.

Jackson Financial Incorporation ( (JXN) ) has issued an announcement.

On January 5, 2026, Jackson Financial Inc. entered into a long-term strategic partnership and investment agreement with global alternative asset manager TPG Inc., under which TPG will acquire approximately 6.5% of Jackson’s common equity for $500 million in cash, subject to a 9.9% ownership cap and multi-year holding and sale restrictions designed to stabilize the shareholder base and align interests. The proceeds, combined with $150 million of Jackson’s excess cash, will capitalize Hickory Brooke Reinsurance Company, a new Michigan-based captive reinsurer set up to support capital-efficient growth in Jackson’s fixed and fixed index annuity sales, while Jackson will also receive $150 million of TPG common stock and enter non-exclusive, 10-year-plus investment management arrangements that target $12 billion of general account assets under TPG’s management over five years, enhancing Jackson’s private credit and asset-based finance capabilities, diversifying earnings, and reinforcing its competitive position in U.S. retirement services; the transaction is expected to close in the first quarter of 2026, subject to customary conditions.

The most recent analyst rating on (JXN) stock is a Hold with a $118.00 price target. To see the full list of analyst forecasts on Jackson Financial Incorporation stock, see the JXN Stock Forecast page.

Spark’s Take on JXN Stock

According to Spark, TipRanks’ AI Analyst, JXN is a Outperform.

Jackson Financial’s overall stock score of 73 reflects a combination of strong earnings performance and reasonable valuation, tempered by challenges in revenue growth and cash flow management. The positive sentiment from the earnings call and technical indicators further support the stock’s potential.

To see Spark’s full report on JXN stock, click here.

More about Jackson Financial Incorporation

Jackson Financial Inc. is a leading U.S. retirement services firm focused on annuity products, including fixed and fixed index annuities, distributed through a broad network to help consumers meet long-term retirement income needs. Through subsidiaries such as Jackson National Life Insurance Company and asset manager PPM America, Inc., the company manages a large general account portfolio aimed at balancing risk and return while supporting the growth of its spread-based retirement products.

Average Trading Volume: 489,334

Technical Sentiment Signal: Buy

Current Market Cap: $7.46B

For a thorough assessment of JXN stock, go to TipRanks’ Stock Analysis page.