Jackson Financial Incorporation Class A ( (JXN) ) has released its Q4 earnings. Here is a breakdown of the information Jackson Financial Incorporation Class A presented to its investors.
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Jackson Financial Inc., a leading provider of annuity products, reported significant growth in its financial performance for the fourth quarter and full year of 2024. Specializing in retirement planning solutions, Jackson Financial Inc. operates in the insurance sector with a focus on clarifying complex financial strategies for its clients.
The company achieved remarkable sales growth in its retail annuity segment, with fourth quarter sales reaching $4.7 billion, a 42% increase from the previous year. This surge was driven by substantial increases in variable annuity and registered index-linked annuity sales. The firm also reported a notable improvement in its net income, recording $334 million in Q4 2024 compared to a loss of $1.6 billion in Q4 2023.
Key financial metrics underscore Jackson’s strong performance, with full-year retail annuity sales up 39% to $17.8 billion and adjusted operating earnings rising to $1.4 billion. The company also maintained robust capital generation, with a total adjusted capital of $5.1 billion and a risk-based capital ratio of 572% at Jackson National Life Insurance Company. Additionally, Jackson returned $631 million to shareholders through dividends and share repurchases in 2024.
Looking ahead, Jackson Financial Inc. plans to further enhance shareholder value by setting a capital return target of $700-800 million for 2025. The company has also increased its first-quarter 2025 dividend by 14%, reflecting its confidence in continued financial strength and commitment to delivering shareholder returns.
