Jackson Financial Inc. Earnings Recaps
Q1 2026
May 7, 2026
Jackson Financial’s shares edged up 1.5% following their Q1 report, reflecting investor caution despite solid underlying performance and stable capital generation. The market appears to be digesting the earnings as largely in line with expectations without a clear catalyst for a stronger move.
Key takeaways
- Adjusted capital totaled $5.5 billion, up nearly 5% year-over-year, supporting consistent capital returns and shareholder distributions.
- Pretax operating earnings increased 12% year-over-year on an adjusted basis, with an 18% earnings-per-share gain aided by share repurchases.
- Retail annuity sales grew 31%, driven by strong demand for RILA products, which have now exceeded $2 billion in quarterly sales since launch in May 2025.
- Fixed annuity and FIA sales reached $750 million, a significant jump from $174 million a year ago, reflecting initial success of the FIA launched in August 2025.
- Net outflows improved by 30% year-over-year and declined modestly from the prior quarter, though variable annuity withdrawals are expected to continue as the block matures.
Q3 2025
Nov 6, 2025
Jackson Financial Inc. reported robust Q3 2025 results with adjusted operating earnings rising over 20% year-over-year, driven by exceptional retail annuity sales and strong capital generation, positioning the company for continued growth.
Key takeaways
- Adjusted operating earnings reached $433 million, highlighting a strong 20% increase year-over-year.
- Retail annuity sales surged to over $5 billion, with RILA 3.0 contributing $2 billion, marking record quarterly sales.
- Free cash flow for the year reached $719 million, with capital returns totaling $657 million year-to-date, exceeding expectations.
- The Board approved a $1 billion increase to the common share repurchase authorization and a Q4 dividend of $0.80 per share, reflecting strong capital management.
- The company anticipates exceeding its 2025 capital return target range of $700 million to $800 million.