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Jun 30, 2024
Jackson Q2 2024 Earnings Report
Announced second quarter results, marked by strong earnings and increased retail annuity sales.
Key Takeaways
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.
Total annuity assets under management increased by 9% year-over-year, reaching $247 billion.
Record RILA sales of $1.4 billion, up from $541 million in the second quarter of 2023.
Net income attributable to Jackson Financial Inc. common shareholders was $264 million, or $3.43 per diluted share.
Adjusted operating earnings were $410 million, or $5.32 per diluted share, driven by higher spread income and growth in variable annuity assets under management.
Revenue by Segment
Forward Guidance
Jackson anticipates building on its momentum through the remainder of 2024 and continuing to deliver on its mission of helping Americans achieve financial freedom for life.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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