Jackson Announces Third Quarter 2023 Results
(NYSE: JXN) (Jackson®) today announced financial results for the third quarter ended September 30, 2023.
- (NYSE: JXN) (Jackson®) today announced financial results for the third quarter ended September 30, 2023.
- Net income attributable to Jackson Financial Inc. common shareholders of $2,762 million, or $33.35 per diluted share in the third quarter of 2023, compared to $1,879 million, or $21.38 per diluted share in the third quarter of 2022
Adjusted operating earnings1 of $315 million, or $3.80 per diluted share in the third quarter of 2023, compared to $376 million, or $4.28 per diluted share in third quarter of 2022
Returned $123 million to common shareholders in the third quarter of 2023 through $71 million of share repurchases and $52 million in dividends; on pace to achieve 2023 capital return target of $450-$550 million
Third quarter 2023 registered index-linked annuity (RILA) sales of $807 million, up from $562 million in the third quarter of 2022
Total annuity account value of $218 billion as of the third quarter of 2023, up 10% from the third quarter of 2022, driven largely by higher equity markets over the 12-month period
Subsequent to the end of the third quarter, Jackson Financial Inc. completed the planned sale of limited partnership assets as described in second quarter results. - Laura Prieskorn, President and Chief Executive Officer of Jackson, stated, “Jackson’s third quarter 2023 results highlight our continued strategic and operational momentum as well as our commitment to ongoing diversification across our product portfolio.
- The current quarter net income primarily reflects a larger net hedging gain compared to the prior year’s third quarter.