Jackson Financial Q3 adjusted operating earnings rise

Jackson Financial

04/11/2025 21:23

Overview

Jackson Financial Q3 adjusted operating earnings rise to $433 mln, reflecting higher spread income

Retail annuity sales grow 2% yr/yr, driven by strong demand for variable and RILA products

In September, the company announces a $1 bln increase to share repurchase authorization, indicating financial confidence

Outlook

Company did not provide specific guidance for future quarters in its press release

Result Drivers

RETAIL ANNUITY SALES - Growth driven by strong demand for variable and RILA products

INSTITUTIONAL SALES - Increased by 34% due to higher yielding asset sourcing at PPM America

SPREAD INCOME - Higher spread income from growth in average RILA and Institutional AUM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.92
Q3 Net Income
$65 mln
Q3 Adjusted Operating Earnings
$433 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 1 "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 $110.00, about 9.4% above its November 3 closing price of $99.63

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nBw8Cz6qqa

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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.)