NYSE$JXN
Jackson Financial Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Jackson's financial performance was marked by significant growth in adjusted operating earnings and retail annuity sales diversification.
Jackson Financial Inc. reported a net income of $784 million and adjusted operating earnings of $334 million for Q1 2024. The company saw a 23% increase in adjusted operating earnings driven by strong growth in variable annuity assets under management and record RILA sales. Total annuity assets under management grew to $248 billion, and the company returned $172 million to shareholders.
- Net income attributable to Jackson Financial Inc. common shareholders was $784 million, or $9.94 per diluted share.
- Adjusted operating earnings grew 23% to $334 million, or $4.23 per diluted share.
- Record registered index-linked annuity (RILA) sales of $1.2 billion, up from $533 million in the first quarter of 2023.
- Total annuity assets under management of $248 billion, up 13% from the prior year.
Headline financials
Revenue & EPS history
Jackson · Revenue · Quarterly
-$322M
Revenue by segment
Jackson · $355M total across 4 segments · Q3 2023
- Retail Annuities$354M-2.7%99.7%
- Institutional Products$21M+5.0%5.9%
- Closed Life and Annuity Blocks$6M-81.8%1.7%
- Corporate and Other-$26M-100.0%-7.3%
Forward guidance
Jackson anticipates building upon the positive momentum from Q1 2024 throughout the remainder of the year, focusing on achieving financial targets and continuing to deliver on their mission of helping Americans achieve financial freedom for life.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+2.2%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+8.1%
Avg return
30 days after
63%
15 / 24 earnings
Positive
+20.0%
Q3 2020
Best reaction
-21.4%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.0% | +0.9% | -1.0% | |
| Q4 2025 | -2.7% | -6.4% | -11.9% | |
| Q3 2025 | -7.3% | -7.4% | -2.2% | |
| Q1 2025 | +1.8% | +7.4% | +0.5% | |
| Q4 2024 | -8.8% | -9.3% | -8.5% | |
| Q3 2024 | +10.5% | +12.8% | -2.5% | |
| Q2 2024 | +10.9% | +10.8% | +10.0% | |
| Q1 2024 | +7.9% | +3.3% | +0.3% | |
| Q4 2023 | +1.5% | +2.6% | +24.9% | |
| Q3 2023 | +9.9% | +8.7% | +21.8% | |
| Q2 2023 | +1.8% | +8.9% | +14.2% | |
| Q1 2023 | -17.9% | -17.4% | -15.2% | |
| Q4 2022 | -5.7% | -1.9% | -1.7% | |
| Q3 2022 | +15.6% | +18.1% | +13.6% | |
| Q2 2022 | +14.4% | +19.2% | +12.7% | |
| Q1 2021 | -21.4% | -11.2% | -15.7% | |
| Q1 2022 | -20.6% | -18.6% | -16.8% | |
| Q4 2019 | -3.1% | +3.4% | +10.1% | |
| Q4 2021 | +10.1% | -4.4% | +15.1% | |
| Q4 2020 | +20.0% | +24.0% | +42.1% | |
| Q3 2020 | +20.0% | +24.0% | +42.1% | |
| Q3 2021 | +9.3% | +19.0% | +36.0% | |
| Q2 2020 | +4.4% | +9.8% | +13.7% | |
| Q2 2021 | +5.7% | +6.8% | +13.8% | |
| Q1 2020 | — | — | — |
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