earnings
confidence high
sentiment neutral
materiality 0.75
Jackson posts Q1 net loss of $35M; adjusted operating earnings rise to $376M
Jackson Financial Inc.
2025-Q1 EPS reported
-$0.48
revenue$3,750,000,000
- Net loss of $35M ($0.48 diluted EPS) vs. net income of $784M ($9.94) a year ago, partly on loss on reinsured business.
- Adjusted operating earnings of $376M ($5.10 EPS) vs. $334M ($4.23) YoY, driven by higher spread income and share repurchases.
- Retail annuity sales of $4.0B, up 9% YoY; VA sales up 9%, RILA up 3%, fixed annuities surged 74%.
- Free cash flow of $213M in Q1; returned $231M to shareholders ($172M buybacks, $59M dividends).
- JNLIC total adjusted capital over $5.2B, RBC ratio 585%; holding company cash over $600M.