NYSE$JXN
Jackson Financial Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Jackson's Q4 2022 financial results were announced, revealing a net loss but strong growth in RILA sales and progress in capital return initiatives.
Jackson Financial Inc. reported a net loss of $(710) million for Q4 2022, but adjusted operating earnings were $491 million. The company saw significant growth in RILA sales, up from $108 million to $560 million year-over-year. Jackson returned $86 million to shareholders through share repurchases and dividends during the quarter. The company is increasing its dividend and share repurchase authorization for 2023.
- Net loss attributable to Jackson Financial Inc. was $(710) million, or $(8.48) per diluted share.
- Adjusted operating earnings were $491 million, or $5.66 per diluted share, a 31% decrease from Q4 2021.
- Returned $86 million to shareholders through share repurchases and dividends.
- Registered index-linked annuity (RILA) sales increased to $560 million, up from $108 million in Q4 2021.
Headline financials
Revenue & EPS history
Jackson · Revenue · Quarterly
-$381M
Revenue by segment
Jackson · $655M total across 2 segments · Q4 2022
- Retail Annuities$638M—97.4%
- Institutional Products$17M—2.6%
Forward guidance
Jackson is increasing its first quarter 2023 dividend by nearly 13% to $0.62 per share, announcing a $450 million increase to the existing share repurchase authorization, and establishing a 2023 capital return target of $450-$550 million.
Tailwinds
- Increasing first quarter 2023 dividend by nearly 13% to $0.62 per share
- Announcing a $450 million increase to the existing share repurchase authorization
- Establishing a 2023 capital return target of $450-$550 million
- Strong statutory capital position
- Robust levels of excess cash at the holding company
Headwinds
- Unspecified known and unknown risks and uncertainties
- Factors reflected in the Company’s reports filed with the U.S. Securities and Exchange Commissions
- Potential material weakness related to the process of setting the discount rate
- Impact of strong equity markets on hedging losses
- Additional deferred tax asset (DTA) admissibility limit impacts
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 Q4 2022
+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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