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Sep 30, 2022
Jackson Q3 2022 Earnings Report
Jackson's financial performance was marked by strong sales in the RILA market, an increased capital position at the operating company, and robust levels of excess cash at the holding company.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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