earnings
confidence high
sentiment positive
materiality 0.75
Jackson Q3 net income $2.76B ($33.35/diluted); adjusted EPS $3.80; RILA sales up 44% YoY to $807M
Jackson Financial Inc.
2023-Q3 EPS reported
$29.20
revenue$2,267,000,000
- Net income attributable to common shareholders $2,762M ($33.35/diluted) vs $1,879M ($21.38) in Q3 2022.
- Adjusted operating earnings $315M ($3.80/diluted) vs $376M ($4.28) YoY.
- Returned $123M to shareholders via $71M buybacks and $52M dividends; on pace for 2023 target of $450-550M.
- RILA sales surged to $807M from $562M YoY; total annuity account value $218B (+10% YoY).
- RBC ratio above target 425-500%; subsequent LP sale closed, pro forma holding company liquidity ~$1.4B.