NYSE$JXN

Jackson Financial Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Jackson Financial reported Q1 2025 total operating revenues of $1.77B with a net loss attributable to Jackson of $24M.

Total operating revenues were $1.77 billion for the quarter ended March 31, 2025. GAAP net loss attributable to Jackson Financial was $24 million as hedging, market-risk-benefit, and DAC amortization items offset $442 million of pretax adjusted operating earnings. Retail annuities and institutional products anchor the franchise.

  • Operating revenues $1.77B; pretax adjusted operating earnings $442M.
  • GAAP net loss $24M on non-operating hedge and MRB marks.
  • Retirement and protection products drive fee income.
  • Interest rates and equity markets affect spread and reserves.

Headline financials

Total Revenue

$3.75B

Previous: -$322M+1264.6%
EPS (adj)

-$0.35

Previous: $9.94-103.5%
AUM

$246B

Previous: $242B+1.7%
Net Income

-$24M

Previous: $795M-103.0%
Operating Income

$442M

Previous: -$866M+151.0%

Revenue & EPS history

Jackson · Revenue · Quarterly

$3.75B

Q1 2025-1,264.6%vs Q1 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

Jackson · $355M total across 4 segments · Q3 2023

  • Retail Annuities
    $354M-2.7%
  • Institutional Products
    $21M+5.0%
  • Closed Life and Annuity Blocks
    $6M-81.8%
  • Corporate and Other
    -$26M-100.0%

Forward guidance

Insurance and annuity outlook depends on spreads, hedging, and reserve mechanics under LDTI.

Tailwinds

  • Fee and spread income on retirement assets.
  • Capital generation when markets cooperate.

Headwinds

  • Hedge and MRB volatility can swing GAAP earnings.
  • Rate and equity moves affect DAC and reserves.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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