---
schema_version: "secwatch.filing_event.v1"
accession: "0001822993-24-000005"
form_type: "8-K"
ticker: "JXN"
cik: "0001822993"
company_name: "Jackson Financial Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:16:13.158136+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001822993-24-000005
- form_type: 8-K
- ticker: JXN
- cik: 0001822993
- company_name: Jackson Financial Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822993/000182299324000005/0001822993-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822993/000182299324000005/jxn-20240216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822993-24-000005
- JSON: https://secwatch.observer/filing/0001822993-24-000005.json
- Plain text: https://secwatch.observer/filing/0001822993-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: Jackson Financial Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822993/000182299324000005/0001822993-24-000005-index.htm
- Executive change
  Don Cummings was appointed as Chief Financial Officer at Jackson Financial Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822993/000182299324000005/0001822993-24-000005-index.htm
- Executive change
  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
  source text: Marcia Wadsten notified the Company of her intention to retire as Executive Vice President and Chief Financial Officer as of June 3, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822993/000182299324000005/0001822993-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.