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Jun 30, 2023

Jackson Q2 2023 Earnings Report

Jackson's financial performance reflected progress toward strategic goals, with successful RILA offering launch and capital return to shareholders.

Key Takeaways

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.

Net income attributable to Jackson Financial Inc. common shareholders was $1,204 million, or $14.21 per diluted share.

Adjusted operating earnings were $283 million, or $3.34 per diluted share.

Returned $100 million to common shareholders through share repurchases and dividends.

Second quarter 2023 registered index-linked annuity (RILA) sales of $541 million, up from $490 million in the second quarter of 2022.

Total Revenue
$410M
Previous year: $6.52B
-93.7%
EPS
$3.34
Previous year: $2.52
+32.5%
Gross Profit
-$197M
Previous year: $6.19B
-103.2%
Cash and Equivalents
$2.1B
Previous year: $5.26B
-60.1%
Total Assets
$327B
Previous year: $316B
+3.4%

Jackson

Jackson

Jackson Revenue by Segment

Forward Guidance

Jackson remains confident in achieving its 2023 key financial targets and creating long-term value for shareholders.

Revenue & Expenses

Visualization of income flow from segment revenue to net income