secwatch.observer — SEC 8-K summary
======================================

Issuer:     Jackson Financial Inc. (JXN)
CIK:        0001822993
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001822993-25-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jackson posts Q1 net loss of $35M; adjusted operating earnings rise to $376M
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822993/000182299325000016/0001822993-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822993/000182299325000016/jxn-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001822993-25-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer