JXN Earnings Prediction
The chart below shows how JXN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JXN sees a +1.77% change in stock price 10 days leading up to the earnings, and a +6.16% change 10 days following the report. On the earnings day itself, the stock moves by -0.96%. This data can give you a slight idea of what to expect for the next quarter's release.
JXN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.13B
-16.31%
70.58%
Gross Margin
--
--
--
Operating Margin
-25.35%
-118.50%
-191.12%
Net Margin
-21.84%
-119.96%
-196.89%
EPS
-6.37
-119.10%
-285.71%
No Data Available
JXN Earnings Analysis
Jackson Financial Inc. Corporation (JXN.N) Earnings Conference Call
Positive
Record Annuity Sales Growth: 1. Record Retail Annuity Sales: Total retail annuity sales exceeded $5 billion for Q3 2024, marking a 59% increase from Q3 2023 and a 25% increase from Q2 2024, the highest since the company became independent in 2021.
Record RILA Sales: 2. Strong RILA Performance: The RILA segment achieved record sales of over $1.6 billion in Q3 2024, contributing to more than $4 billion in sales for the first nine months of the year.
Capital Generation Growth: 3. Increased Capital Generation: After-tax capital generation grew to $462 million in Q3 2024, with total capital generation exceeding $1 billion for the first nine months of the year.
Shareholder Return Increase: 4. Robust Shareholder Returns: Capital return to shareholders rose to $167 million in Q3 2024, with year-to-date returns reaching $483 million, positioning the company to meet its annual target of $550 million to $650 million.
Assets Under Management Growth: 5. Growth in Assets Under Management: Assets under management grew by 9% year-to-date, surpassing $250 billion, driven by favorable equity markets and increased sales.
Negative
Quarterly GAAP Net Loss: 1. GAAP Net Loss: Jackson Financial reported a GAAP net loss of $582 million for the third quarter, significantly impacting overall financial performance.
Hedging Challenges: 2. Hedging Losses: The net hedge result before DAC amortization was a loss of $295 million in the third quarter, indicating challenges in managing market risks effectively.
Market-Related Expense Increase: 3. Increased Market-Related Expenses: The company faced higher market-related operating expenses, which negatively impacted earnings, particularly due to a 24% increase in common share price.
Limited Partnership Earnings Impact: 4. Negative Impact from Limited Partnership Results: There was a $0.28 negative impact on adjusted operating earnings per share due to limited partnership results falling below the long-term assumption of 10%.
Variable Annuity Surrender Trends: 5. Elevated Surrenders of Variable Annuities: Jackson experienced over $21 billion in net outflows from retail annuities in the first nine months of the year, primarily due to elevated surrenders as policies exited their surrender charge periods.
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JXN Earning Call Sentiment
Jackson Financial Inc (JXN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
JXN.N
3.29%Positive
The earnings call summary shows strong financial performance with record RILA sales, increased capital return, and a high RBC ratio. The Q&A reveals management's confidence in capital efficiency and growth potential, despite some concerns about policyholder behavior and hedging losses. The positive guidance, shareholder return plan, and substantial annuity sales indicate a likely positive stock price movement over the next two weeks.
