Jackson Financial: Strong Growth And Profitability; Undervalued (NYSE:JXN)

da-kuk/E+ via Getty Images Jackson Financial (NYSE:JXN) has performed horrendously since I wrote my last article. The stock is down 34.3% and 33.29% including dividends. Although I knew that the stock would be volatile, I didn’t expect the price decline to be as large as it was given how cheaply the stock is valued. Jackson stated in their Q1 2023 press release that “the decline in the current quarter net income reflects a higher level of embedded derivative gains in the prior-year period due to stronger equity market returns, partially offset by reduced freestanding derivative losses in the current quarter, which were also the result of stronger relative equity market returns in the prior-year period.