JXN Jackson Financial Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $202M, Q3 2025: $114M, Q2 2025: $109M, Q1 2025: $120M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $202M vs trailing avg $114M (+77%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $545M / FCF $490M = 111% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 13,091,749 shares = 19.6% of 66,825,632 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $1M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 2046095.0x more than bought. 1 C-suite officers among sellers

• Smith Craig Donald (President and CEO PPM America) sold 2,500 shares on 2025-08-11
• Smith Craig Donald (President and CEO PPM America) sold 1,500 shares on 2025-08-07
• Smith Craig Donald (President and CEO PPM America) sold 3,500 shares on 2025-08-08