earnings
confidence high
sentiment positive
materiality 0.75
Jackson Q2 adj op earnings $410M ($5.32/sh); record RILA sales $1.4B; buyback auth +$750M
Jackson Financial Inc.
2024-Q2 EPS reported
$13.44
revenue$925,000,000
- GAAP net income $264M ($3.43 diluted EPS) vs $1.2B ($14.21) year ago; adjusted op earnings $410M ($5.32) vs $283M ($3.34).
- Record RILA sales of $1.4B in Q2, up from $541M in Q2 2023.
- Total annuity AUM $247B, up 9% YoY; holding company cash >$500M above minimum buffer.
- Board approved $750M increase to share repurchase authorization; Q2 returned $144M via buybacks ($90M) and dividends ($54M).
- JNLIC RBC ratio 550-570%, total adjusted capital $4.7B; distributed $250M to parent in Q2.