earnings
confidence high
sentiment neutral
materiality 0.75
Jackson Q3 net loss $480M on reinsurance loss; adj. operating earnings $350M, up 11% YoY
Jackson Financial Inc.
2024-Q3 EPS reported
$7.34
revenue$3,046,000,000
- Retail annuity sales of $5.3B, up 59% YoY; record RILA sales $1.6B (+99%), fixed annuity sales $1B from $76M.
- Net loss attributable to common shareholders $480M ($6.37 loss per diluted share) vs. $2.8B income in Q3 2023.
- Adjusted operating earnings $350M ($4.60 per diluted share), up from $315M ($3.80) a year ago.
- Returned $167M to shareholders in Q3 via $113M buybacks and $54M dividends; YTD $483M, targeting $550-650M for FY.
- JNLIC total adjusted capital $4.8B, estimated RBC ratio 550-570%; holding company cash nearly $650M above $250M minimum.