secwatch.observer — SEC 8-K summary
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Issuer:     Jackson Financial Inc. (JXN)
CIK:        0001822993
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001104659-23-088858
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jackson Financial Q2 2023: $1.2B net income, $283M adj. operating earnings, $100M returned to shareholders
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- Q2 adjusted operating earnings $283M ($3.34 diluted EPS) vs $407M ($4.56) YoY; ex-notable items $3.54 EPS.
- Net income $1.2B driven by $1,097M net hedge gain; total retail annuity sales $3.1B, RILA $541M.
- Returned $100M to shareholders: $47M share repurchases + $53M dividends; Q3 dividend $0.62/share declared.
- Estimated RBC ratio improved from Q1, within 425–500% target; FY23 capital return target $450–550M reaffirmed.
- Notable items included $25M allowance for reinsurance credit loss on a liquidating counterparty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822993/000110465923088858/0001104659-23-088858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822993/000110465923088858/tm2322966d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-088858

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer