earnings
confidence high
sentiment positive
materiality 0.75
Jackson Financial Q2 2024: Adj EPS $5.32, GAAP EPS $3.43, retail sales up 36% YoY
Jackson Financial Inc.
2024-Q2 EPS reported
$13.44
revenue$925,000,000
- GAAP net income $264M; diluted EPS $3.43. Adjusted operating earnings $410M; adj EPS $5.32, up 88% YoY.
- Retail annuity sales $1.413B, up 36% YoY; RILA sales record, up 163% YoY. Non-VA net flows more than doubled.
- Returned $144M to common shareholders in Q2 via $90M buybacks and $54M dividends. Increased buyback authorization by $750M.
- Adjusted book value $11.5B, up from year-end; JNLIC estimated RBC ratio 550-570%; stat TAC $4.7B.
- All segments grew pretax adjusted operating earnings: Retail $465M, Institutional $35M, Closed Block $29M.