Jackson Financial Earnings Call Transcripts
Fiscal Year 2026
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A new long-term partnership with TPG will enhance investment capabilities and support growth in spread-based annuity products. Hickory Re, a new captive, will enable capital-efficient expansion, with the transactions expected to boost earnings and free cash flow over the next few years.
Fiscal Year 2025
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Surpassed 2025 financial targets with record annuity sales, strong free capital generation, and increased capital returns. Strategic partnership with TPG and new captive structures position the business for continued growth and stability into 2026.
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Q3 2025 saw record retail annuity sales, robust capital generation, and a 27% rise in adjusted EPS. RILA and variable annuity growth, strong fee income, and disciplined risk management drove results. Capital return is on track to exceed targets, with a $1B share repurchase increase.
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Q2 2025 saw robust annuity sales, strong capital generation, and improved net outflows, with RILA products driving growth and a 5% increase in adjusted EPS. Capital return and liquidity remain high, supporting continued shareholder returns and business expansion.
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Adjusted operating earnings rose 13% to $376 million, with strong annuity sales and robust capital generation. The RBC ratio climbed to 585%, and $231 million was returned to shareholders. Confident in meeting 2025 targets despite market volatility.
Fiscal Year 2024
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Record 2024 results included net income over $900 million, $1.4 billion in adjusted operating earnings, and a 39% increase in retail annuity sales. Capital return to shareholders rose 36%, with a 2025 target of $700–$800 million and continued strong capital generation.
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Third quarter saw record annuity sales, strong capital generation, and robust earnings growth, supported by product innovation and expanded distribution. Capital return is on track for the upper end of guidance, with continued financial strength and stability from Brooke Re.
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Q2 2024 saw strong earnings and capital growth, with adjusted operating earnings up 45% year-over-year and record RILA sales. Capital return to shareholders increased, and the company remains on track to meet full-year targets, supported by robust market and industry trends.