Jackson Financial reports Q1 net loss of $1.5B, adjusted operating earnings down 28% YoY

Jackson Financial Inc.

2023-Q1 EPS reported $24.39 revenue$2,221,000,000

Net loss of $1,497M ($18.11 diluted EPS); adjusted operating earnings $271M ($3.15) down 28% from Q1 2022.
Returned $124M to shareholders: $70M buybacks, $54M dividends; on track for $450-550M target.
RILA sales $533M, up 168% YoY from $199M; total annuity account value $219B down 10% YoY, up 4% QoQ.
Holding company liquidity >$1.5B; issued preferred stock with $533M net proceeds; RBC ratio within 425-500%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Jackson Financial Inc. reported the first quarter ended March 31, 2023 results: net income $(1,497) million, EPS $(18.11) per diluted share.

Period: the first quarter ended March 31, 2023
Net income: $(1,497) million
EPS: $(18.11) per diluted share
Result: reported results

Exact text from the filing

Jackson Financial Inc. (the “Company”) issued a press release announcing its financial results for its first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001822993-23-000022

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