Jackson Q1 2024 Earnings Report
Key Takeaways
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.
Net income attributable to Jackson Financial Inc. common shareholders was $784 million, or $9.94 per diluted share.
Adjusted operating earnings grew 23% to $334 million, or $4.23 per diluted share.
Record registered index-linked annuity (RILA) sales of $1.2 billion, up from $533 million in the first quarter of 2023.
Total annuity assets under management of $248 billion, up 13% from the prior year.
Jackson
Jackson
Jackson Revenue by Segment
Forward Guidance
Jackson anticipates building upon the positive momentum from Q1 2024 throughout the remainder of the year, focusing on achieving financial targets and continuing to deliver on their mission of helping Americans achieve financial freedom for life.
Revenue & Expenses
Visualization of income flow from segment revenue to net income