Jackson Financial Inc. (JXN) Earnings History

Jackson Financial Inc. - Q3 FY2025 Earnings

Filed at: Nov 4, 2025, 3:19 PM EST|Read from source

EXECUTIVE SUMMARY

Jackson Financial Inc. reported a strong third quarter with improved profitability driven by higher spread income and effective expense management, alongside robust capital returns to shareholders.

POSITIVE HIGHLIGHTS

  • •

    Adjusted operating earnings increased 24% to $433 million, or $6.16 per diluted share, compared to $350 million, or $4.60 per diluted share in Q3 2024.

    positive
  • •

    Retail annuity sales grew 2% to $5.4 billion, with record registered index-linked annuity (RILA) sales up 28% to $2.1 billion.

    positive
  • •

    Institutional sales increased 34% to $1 billion for the quarter.

    positive
  • •

    Free cash flow was $216 million in Q3 2025, and nearly $1 billion over the trailing twelve months.

    positive
  • •

    Returned $210 million to common shareholders in Q3 2025 through repurchases and dividends.

    positive
  • •

    Estimated risk-based capital (RBC) ratio at Jackson National Life Insurance Company (JNL) was a robust 579%.

    positive

CONCERNS & RISKS

  • •

    Net income attributable to common shareholders was $65 million, or $0.92 per diluted share, a significant decrease from a $(480) million loss in Q3 2024, though this is attributed to non-operating adjustments.

    attention
  • •

    Fixed and fixed index annuity sales decreased 57% to $444 million compared to a strong sales level in Q3 2024.

    attention
  • •

    Higher mortality in the closed block segment partially offset gains in adjusted operating earnings.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$1.42B
-33.2%
Prior year: $2.12B
Net Income
Quarterly
$65.00M
N/A
Prior year: $-480.00M
EPS (Diluted)
Quarterly
$0.92
N/A
Prior year: $-6.37
Operating Income
Quarterly
$505.00M
+22.9%
Prior year: $411.00M
EPS (Basic)
Quarterly
$0.93
N/A
Prior year: $-6.37

MARGIN ANALYSIS

Operating Margin
Current Quarter
35.7%
Prior Year
19.4%
YoY Change
+1628 bps
Net Margin
Current Quarter
4.6%
Prior Year
-22.6%
YoY Change
N/A

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

Retail annuity sales grew year over year, driven by a broad and innovative product portfolio, including record RILA sales and successful new fixed index annuity launches.

— Jackson Financial Inc., Q3 FY2025 2025 Earnings Call

The robust in-force book continued to deliver healthy free cash flow, generating $216 million in the quarter and nearly $1 billion over the past year.

— Jackson Financial Inc., Q3 FY2025 2025 Earnings Call

Returned $210 million to common shareholders, increased estimated RBC ratio, and enhanced excess cash position at the holding company.

— Jackson Financial Inc., Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Fixed And Fixed Index Annuity Sales
444.0M
-55.6% YoY
Prior year: 1000.0M
dollars
Institutional Sales
1000.0M
+34.0% YoY
Prior year: 1000.0M
dollars
Ppm Aum
90100.0M
+17.5% YoY
Prior year: 76700.0M
dollars
Ppm Aum Growth
N/A
+18.0% YoY
percent
Rila Sales
2100.0M
+31.3% YoY
Prior year: 1600.0M
dollars
Variable Annuity Sales
2900.0M
+11.5% YoY
Prior year: 2600.0M
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.