Jackson Q3 2022 Earnings Report
Key Takeaways
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.
Net income was $1,479 million, or $16.83 per diluted share, including the impact of non-economic hedging results under GAAP accounting.
Adjusted operating earnings were $373 million, or $4.24 per diluted share.
Total annuity account value of $198 billion decreased 20% from Q3 2021, primarily due to lower equity markets.
The company returned $88 million to shareholders through share repurchases and dividends.
Jackson
Jackson
Jackson Revenue by Segment
Forward Guidance
Jackson anticipates ending 2022 at or above the midpoint of the full-year capital return target of $425-$525 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income