Jackson Financial Q2 profit jumps on favorable hedging, annuity sales growth

Jackson Financial

03/08/2026 21:29

Overview
US annuity provider's Q2 net income rose sharply, while adjusted operating EPS hit a record
Adjusted operating earnings rose 47% yr/yr, driven by higher spread and fee income
Company returned $290 mln to shareholders via buybacks and dividends, up 34% yr/yr

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
RETAIL ANNUITIES - Higher average RILA and FIA AUM drove spread income growth, while retail annuity sales rose 34% yr/yr
ASSET MANAGEMENT CAPABILITIES - Enhanced asset sourcing at PPM and partnership with TPG supported robust spread product sales and AUM growth

Company press release: ID:nBw7KxNtsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$9.16
 
Q2 Net Income
 
$644 mln
 
Q2 Adjusted Operating Earnings
 
$513 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Jackson Financial Inc is $134.50, about 10% above its July 31 closing price of $122.28
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)