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Jackson Financial Incorporation (JXN)
NYSE:JXN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.81Last Year’s EPS
$2.53Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -21.83%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong performance in retail annuity sales, particularly in the RILA segment, and robust capital generation and return to shareholders. However, the company faced challenges with a net income loss for the quarter and increased expenses due to market conditions. Despite these issues, the overall growth indicators and strategic initiatives suggest a positive trajectory.Company Guidance
During the Jackson Financial Inc. Q3 2024 earnings call, the company provided robust guidance emphasizing significant growth and strategic stability across various metrics. Total retail annuity sales surged to over $5 billion, marking a 59% increase from the same quarter in 2023 and a 25% rise from Q2 2024. Notably, RILA sales hit a record $1.6 billion, contributing to a 9% growth in assets under management, now exceeding $250 billion. The company's capital generation was strong, with after-tax capital generation reaching $462 million for Q3 2024 and over $1 billion for the first nine months of the year. The estimated RBC ratio stood between 550% and 570%, well above their minimum threshold. Jackson's adjusted operating earnings rose by 11% year-over-year to $350 million, supported by increased fee income and higher investment spread income. Furthermore, capital returns to shareholders were significant, with $167 million returned in the third quarter, positioning the company to meet the upper half of its $550 million to $650 million annual target. Jackson also announced a common stock dividend of $0.70 per share for Q4 2024.Record Retail Annuity Sales
Retail annuity sales exceeded $5 billion for the third quarter, up 59% from the third quarter of 2023 and up 25% from the second quarter of 2024.
RILA Segment Achieves Record Sales
RILA segment hit record sales with more than $1.6 billion in the third quarter of 2024, bringing the total to more than $4 billion over the first 9 months of the year.
Strong Capital Generation and Returns
After-tax capital generation grew to $462 million for the third quarter of 2024 and more than $1 billion for the first 9 months of the year. Capital return to shareholders rose to $167 million in the third quarter.
Growth in Assets Under Management (AUM)
AUM grew by 9% through the first 9 months of the year, reaching more than $250 billion.
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JXN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JXN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $112.94 | $110.21 | -2.42% |
| Aug 07, 2024 | $73.31 | $80.60 | +9.94% |
| May 08, 2024 | $71.61 | $76.72 | +7.14% |
| Feb 21, 2024 | $48.51 | $50.18 | +3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jackson Financial Incorporation (JXN) report earnings?
Jackson Financial Incorporation (JXN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Jackson Financial Incorporation (JXN) earnings time?
Jackson Financial Incorporation (JXN) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JXN EPS forecast?
JXN EPS forecast for the fiscal quarter 2024 (Q4) is $4.81.
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