earnings
confidence high
sentiment positive
materiality 0.80
Jackson Financial reports Q1 2024 adjusted operating earnings $334M, up 23% YoY
Jackson Financial Inc.
2024-Q1 EPS reported
$9.94
revenue$-322,000,000
- GAAP net income $784M ($9.94 EPS); adjusted operating earnings $334M ($4.23 EPS) vs $271M ($3.15 EPS) in 1Q23.
- Retail annuity sales up 18% YoY; non-VA net flows more than doubled; record RILA sales +117% YoY.
- Returned $172M to common shareholders in 1Q24 via $116M buybacks and $56M dividends.
- Estimated RBC ratio of 555-575%; holding company cash ~$500M; total common shareholders' equity $9.6B.
- Adjusted book value $11.4B; management on track to deliver 2024 financial targets.