NYSE$JXN
Jackson Financial Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Jackson's financial performance reflected strong growth in sales, earnings, capital generation, and capital return.
Jackson Financial Inc. reported a net loss attributable to common shareholders of $(480) million, or $(6.37) per diluted share, compared to a net income of $2.8 billion, or $33.35 per diluted share in the third quarter of 2023. However, adjusted operating earnings were $350 million, or $4.60 per diluted share, compared to $315 million, or $3.80 per diluted share in the third quarter of 2023. Retail annuity sales increased by 59% year-over-year, driven by growth across all product lines.
- Retail annuity sales increased by 59% compared to the third quarter of 2023, reaching $5.3 billion.
- Variable annuity sales increased by 8% to $2.6 billion.
- Registered index-linked annuity (RILA) sales reached a record $1.6 billion, a 99% increase year-over-year.
- Adjusted operating earnings were $350 million, or $4.60 per diluted share, compared to $315 million, or $3.80 per diluted share in the third quarter of 2023.
Headline financials
Revenue & EPS history
Jackson · Revenue · Quarterly
$2.12B
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 on its momentum through the remainder of 2024 and into 2025 and continuing to deliver on its mission of helping Americans achieve financial freedom for life.
Tailwinds
- The company is positioned well to achieve its full year 2024 target of $550-650 million in capital return.
- Jackson continues to hold more than $1 billion in excess capital above its targeted minimum RBC ratio of 425%.
- Cash at the holding company increased to nearly $650 million.
- Statutory TAC at JNLIC was $4.8 billion as of September 30, 2024, up from $4.7 billion as of June 30, 2024.
- JNLIC's estimated RBC ratio as of September 30, 2024 was up slightly from June 30, 2024 and in a range of 550-570%
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 Q3 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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