Jackson Financial Inc. announced excellent fourth quarter and full year 2025 results, driven by record retail annuity sales and strong adjusted operating earnings. The company exceeded its capital return target for the year and ended with a robust capital position.
Jackson’s Q2 2025 saw a 4% increase in retail annuity sales to $4.4 B, while net income declined to $168 M from $264 M. Adjusted operating earnings were $350 M ($4.87/share), free cash flow reached $290 M, and $216 M was returned to shareholders.
Jackson Financial delivered solid Q1 2025 results with $376 million in adjusted operating earnings, driven by growth in RILA assets and improved spread income, despite a GAAP net loss of $35 million due to hedging and reinsurance impacts.
Jackson Financial Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2024. The company saw a significant increase in retail annuity sales, a rise in total annuity assets under management, and a substantial improvement in net income and adjusted operating earnings compared to the previous year.
Jackson Financial Inc. reported a net loss attributable to common shareholders of $(480) million, or $(6.37) per diluted share, compared to a net income of $2.8 billion, or $33.35 per diluted share in the third quarter of 2023. However, adjusted operating earnings were $350 million, or $4.60 per diluted share, compared to $315 million, or $3.80 per diluted share in the third quarter of 2023. Retail annuity sales increased by 59% year-over-year, driven by growth across all product lines.
Jackson Financial Inc. reported strong second quarter results, driven by a 9% increase in total annuity assets under management and record RILA sales. The company's retail annuity sales increased by 36% compared to the second quarter of 2023.
Jackson Financial Inc. reported a net income of $784 million and adjusted operating earnings of $334 million for Q1 2024. The company saw a 23% increase in adjusted operating earnings driven by strong growth in variable annuity assets under management and record RILA sales. Total annuity assets under management grew to $248 billion, and the company returned $172 million to shareholders.
Jackson Financial Inc. reported a net loss attributable to common shareholders of $(1.6) billion, or $(19.64) per diluted share, and adjusted operating earnings of $204 million, or $2.53 per diluted share. The company returned $117 million to common shareholders through share repurchases and dividends and saw an increase in RILA sales and total annuity account value.
Jackson Financial Inc. reported a net income of $2,762 million and adjusted operating earnings of $315 million for the third quarter of 2023. The company returned $123 million to shareholders and saw a record level of RILA sales. They are on track to deliver on their financial targets for the second year in a row.
Jackson Financial Inc. reported a net income attributable to common shareholders of $1,204 million, or $14.21 per diluted share. Adjusted operating earnings were $283 million, or $3.34 per diluted share. The company returned $100 million to common shareholders through share repurchases and dividends and remains committed to achieving its 2023 capital return target of $450-$550 million.
Jackson Financial Inc. reported a net loss of $1,497 million, primarily due to hedging losses. However, the company saw growth in RILA sales and returned $124 million to shareholders. They remain on track to achieve their 2023 capital return target.
Jackson Financial Inc. reported a net loss of $(710) million for Q4 2022, but adjusted operating earnings were $491 million. The company saw significant growth in RILA sales, up from $108 million to $560 million year-over-year. Jackson returned $86 million to shareholders through share repurchases and dividends during the quarter. The company is increasing its dividend and share repurchase authorization for 2023.
Jackson Financial Inc. reported a net income of $1,479 million and adjusted operating earnings of $373 million for Q3 2022. The company saw continued progress in the RILA business with sales of $562 million and returned $88 million to shareholders. They now anticipate ending 2022 at or above the midpoint of the full-year capital return target of $425-$525 million.
Jackson Financial reported a net income of $2,903 million, or $32.56 per diluted share, and adjusted operating earnings of $225 million, or $2.52 per diluted share. The company returned $116 million to shareholders and increased its capital position at the operating company level.