Jackson Financial Inc Earnings
Jackson Financial Inc. reported robust financial results for the third quarter of 2025, showcasing a continued growth trajectory in retail annuity sales, significant boosts in institutional sales, and strong net income among other highlights. The company’s profitability was underscored by strategic expansions and an effective business model, as illustrated by its financial performance from the past year.
Jackson Financial Inc Results
The third quarter of 2025 marked a considerable improvement in the company's earnings. Below is an overview of key financial metrics for the quarter:
| Metric | Q3 2025 | Q3 2024 | Change YoY |
|---|---|---|---|
| Net Income (Million USD) | $65 | $(480) | - |
| Earnings per Share (EPS) | $0.92 | $(6.37) | - |
| Adjusted Operating Earnings (Million USD) | $433 | $350 | 23.7% |
| Adjusted Operating EPS | $6.16 | $4.60 | 33.9% |
These earnings indicate a significant rebound from the previous year, reflecting favorable earnings primarily driven by the success in hedging strategies and business growth.
Revenue Breakdown
Below is the revenue breakdown across major segments for the third quarter of 2025:
| Segment | Sales in Q3 2025 (Million USD) | Change YoY |
|---|---|---|
| Retail Annuities | $5.4 billion | 2% |
| - Variable Annuities | $2.9 billion | 8% |
| - Record RILA | $2.1 billion | 28% |
| - Fixed & Fixed Index | $444 million | -57% |
| Institutional Sales | $1 billion | 34% |
Analysis of Segment Performance
Retail Annuities : This segment has maintained solid performance with an overall sales increase to $5.4 billion. Variable annuities experienced an 8% growth, reflecting a positive shift in sales efforts towards products without lifetime benefits. Notably, record sales in Registered Index-Linked Annuities (RILA) saw a staggering 28% growth from the previous year. However, fixed and fixed index annuity sales saw a reduction of 57% indicating a shift towards more variable products.
Institutional Sales : This sector demonstrated a 34% increase in the third quarter of 2025 compared to the same period in 2024, a testament to the increased demand for Jackson Financial's products.
Key Developments
There were significant operational highlights during the quarter: - Jackson Financial announced a boost in their capital return strategy with a $1 billion increase in their repurchase authorization. - Robust cash flow enabled them to distribute $210 million to shareholders in Q3. - Strengthening of Jackson's asset management arm, PPM, led to an 18% increase in assets under management driven by strong individual and third-party investment inflows.
Comments from Company Officers
Laura Prieskorn, President and CEO of Jackson Financial, commented on the company’s efficiency and strategic goals saying, "Our third quarter performance highlights the ongoing strength and momentum of our business as we advance toward our strategic goals. Retail annuity sales grew year over year, driven by our broad and innovative product portfolio, including record RILA sales and the successful launch of our Jackson Income Assurance℠ products.”
Dividends and Share Repurchases
Jackson Financial continued its commitment to returning value to shareholders, evidenced by $210 million returned in the third quarter through share repurchases ($154 million) and dividends ($56 million). For the year up to September 2025, the total shareholder return stood at $657 million. This aggressive capital return strategy is bolstered by a strong liquidity position, with cash holdings of over $750 million at the company level, surpassing their liquidity buffer target.
Jackson Financial Inc Stock Forecast
With a current market cap of approximately $5.59 billion and a last stock price of $0.92, Jackson Financial Inc. is poised for further growth. Given the strong quarterly performance and strategic initiatives in place, the stock is projected to have a high estimate of reaching $1.10 in the near term, factoring in continuous growth in institutional sales and efficiency in capital management. Conversely, a lower estimate could see the price stabilizing around $0.85, should market or operational challenges arise. Overall, the outlook remains bullish contingent upon the consistency in strategic execution and sustained financial strength.
In conclusion, Jackson Financial Inc's third quarter results for 2025 display not only a recovery from previous market difficulties but also a robust foundation for sustained future growth. With a focused strategy and efficient capital management, the company is well-positioned to enhance shareholder value and maintain its market leadership.
