earnings
confidence high
sentiment positive
materiality 0.75
Jackson Financial Q3 adjusted operating earnings $315M, EPS $3.80; capital return on track
Jackson Financial Inc.
2023-Q3 EPS reported
$29.20
revenue$2,267,000,000
- Q3 adjusted operating earnings $315M, diluted EPS $3.80; ex-notable items $3.77.
- GAAP net income $2.8B driven by $2.8B net hedge gain from higher interest rates.
- Returned $123M to shareholders in Q3 ($71M buybacks, $52M dividends); YTD $347M vs $450-550M target.
- RBC ratio estimated above 425-500% target; statutory TAC $4.5B, up from $3.8B in Q2.
- Retail annuity sales $3.3B; RILA sales $807M (+44% YoY); non-VA net flows positive $822M.