Jackson Financial Q1 retail annuity sales rise 31%

Jackson Financial

05/05/2026 22:03

Overview

U.S. annuity provider's Q1 retail annuity sales rose 31% year-over-year

Adjusted operating EPS for Q1 rose slightly to $5.15 from $5.10 a year ago

Company posted wider net loss due to less favorable hedging and higher volatility

Outlook

Company expects to build on current momentum throughout 2026

Result Drivers

RETAIL ANNUITY SALES - Co said 31% growth in retail annuity sales was driven by strong demand across its product suite, with notable increases in RILA and fixed annuities

SPREAD INCOME - Higher spread income from growth in average RILA, FIA, and Institutional AUM contributed to adjusted operating earnings, partially offset by higher G&A expenses

FIXED INDEX ANNUITY LAUNCH - Fixed and fixed index annuity sales rose 335% year-over-year, driven by the recently launched Jackson Income Assurance product

Company press release: ID:nBwL0Q11a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Operating Earnings
$361 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 $119.00, about 4.9% above its May 4 closing price of $113.42

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.)