earnings
confidence high
sentiment neutral
materiality 0.75
Jackson Financial Q1 net loss $1.5B, adj operating earnings $271M, returns $124M to shareholders
Jackson Financial Inc.
2023-Q1 EPS reported
$24.39
revenue$2,221,000,000
- Net loss attributable to JFI of $1.5B; adjusted operating earnings of $271M ($3.15 diluted EPS).
- Returned $124M to common shareholders via $70M buybacks and $54M dividends.
- Total retail annuity sales $3.1B; RILA sales $533M (+168% YoY); institutional sales $649M.
- Holding company cash over $1.5B; RBC ratio within 425-500% target range.
- 2023 capital return target reaffirmed at $450-$550M.