Jackson Q4 net loss $1.6B; adjusted op earnings $204M; CFO Wadsten to retire June 3

Jackson Financial Inc.

2023-FY EPS reported $10.76 revenue$3,159,000,000

Net loss attributable to common shareholders of $1.6B ($19.64/diluted share) in Q4 2023 vs $1.2B loss in Q4 2022.
Adjusted operating earnings of $204M ($2.53/diluted share) in Q4 2023 vs $294M ($3.39) in Q4 2022; includes $(0.79) actuarial assumption update impact.
Full-year 2023 adjusted operating earnings $1.1B ($12.84/diluted share); 2024 capital return target $550-650M; Q1 dividend raised to $0.70/share (up 13%).
CFO Marcia Wadsten to retire June 3, 2024; Don Cummings (SVP, CAO) expected to succeed as CFO.
RILA sales $1.0B in Q4 2023 (up from $560M) and $2.9B full year (up from $1.8B).

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Don Cummings

Chief Financial Officer

JXN · Jackson Financial Inc.

Effective: 2024-06-03
Filed: February 21, 2024, 6:59 PM ET

It is expected that Don Cummings, the Company’s current Senior Vice President, Chief Accounting Officer and Controller will be appointed Chief Financial Officer as of June 3, 2024.

Departed

Marcia Wadsten

Executive Vice President and Chief Financial Officer

JXN · Jackson Financial Inc.

Effective: 2024-06-03
Successor: Don Cummings
Filed: February 21, 2024, 6:59 PM ET

Marcia Wadsten notified the Company of her intention to retire as Executive Vice President and Chief Financial Officer as of June 3, 2024.

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 fourth quarter and year ended December 31, 2023 results: net income $(1.6) billion, or $(19.64) per diluted share in the fourth quarter of 2023, EPS $(19.64) per diluted share in the fourth quarter of 2023.

Period: fourth quarter and year ended December 31, 2023
Net income: $(1.6) billion, or $(19.64) per diluted share in the fourth quarter of 2023
EPS: $(19.64) per diluted share in the fourth quarter of 2023
Result: reported results

Exact text from the filing

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

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Don Cummings was appointed as Chief Financial Officer at Jackson Financial Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

It is expected that Don Cummings, the Company’s current Senior Vice President, Chief Accounting Officer and Controller will be appointed Chief Financial Officer as of June 3, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marcia Wadsten departed as Executive Vice President and Chief Financial Officer at Jackson Financial Inc..

Action: retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Marcia Wadsten notified the Company of her intention to retire as Executive Vice President and Chief Financial Officer as of June 3, 2024.

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Jackson Financial Inc. filing history →

Source: SEC EDGAR

accession 0001822993-24-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.