Welcome to our dedicated page for Jackson Financial news (Ticker: JXN), a resource for investors and traders seeking the latest updates and insights on Jackson Financial stock.
Jackson Financial Inc (NYSE: JXN) provides investors and retirement planners with essential updates through this comprehensive news resource. Track official announcements, financial disclosures, and strategic developments from one of America's leading providers of retirement solutions.
This centralized hub aggregates all material updates including quarterly earnings reports, product innovations in annuity offerings, leadership changes, and regulatory filings. Users gain efficient access to both recent developments and historical announcements for informed decision-making.
The curated collection spans multiple business segments: Retail Annuities updates on variable and fixed index products, Institutional Solutions developments, and corporate strategy updates from the Closed Blocks division. Content maintains strict focus on factual reporting without speculative analysis.
Bookmark this page for streamlined monitoring of JXN's market position in retirement income solutions. Combine regular visits with professional financial advice to stay informed about annuity product developments and corporate milestones.
Jackson Financial Inc. (NYSE: JXN) has appointed Andrea Goodrich as senior vice president, corporate law, and corporate secretary. Effective immediately, she will oversee critical legal operations including governance and mergers. Carrie Chelko, general counsel, expressed enthusiasm for Goodrich's extensive public company experience, which is expected to enhance Jackson's business strategies after a successful first year as an independent public company. Goodrich previously held significant roles at Lincoln Financial Group and Johnson Controls.
Jackson Financial Inc. (NYSE: JXN) reported a net income of $2,903 million or $32.56 per diluted share for Q2 2022, rebounding from a net loss of $(540) million during the same period in 2021. Adjusted operating earnings were $225 million, down from $636 million year-over-year, attributed to higher deferred acquisition costs and lower fee income. The total annuity account value dropped 17% year-on-year to $208 billion. Shareholders received $116 million through share repurchases and dividends. The company's Risk-Based Capital (RBC) ratio improved, exceeding 450% by quarter-end.
Jackson Financial (NYSE: JXN) has announced a quarterly cash dividend of $0.55 per share for Q3 2022, payable on September 15, 2022, to shareholders on record as of September 1, 2022. This decision reflects the company's commitment to providing returns to its shareholders while ensuring long-term financial strength. Jackson aims to demystify retirement planning for clients through its diverse annuity products and award-winning service.
PPM America Inc. has achieved significant milestones in its Core Plus Real Estate Debt Strategy, marking a three-year track record and surpassing
Jackson Financial Inc. (NYSE: JXN) will announce its second-quarter financial results for the period ending June 30, 2022, after the market closes on August 9, 2022. A conference call is scheduled for August 10, 2022, at 10 a.m. ET, to discuss the results. Jackson is focused on simplifying retirement planning through its annuity products and commitment to stakeholders. Additional information can be accessed on the company's investor relations website.
Jackson Financial Inc. (NYSE: JXN) has announced the pricing of a $750 million senior notes offering, divided into two tranches: $400 million of 5.17% notes due 2027 and $350 million of 5.67% notes due 2032. The offering is expected to close on June 8, 2022, pending customary conditions. Proceeds will be used to repay the $750 million principal of an existing term loan due February 22, 2023. An effective registration statement has been filed with the SEC for the offering.
PPM America welcomes Melissa FitzGerald as the new Vice President of Private Equity Investor Relations, enhancing their Business Development team. With 13 years in investment services, Melissa transfers from UBS, focusing on client relations for PPM America Capital Partners (PPMACP). The PPMACP investment team averages 26 years of experience, managing $5.39 billion in assets as of December 31, 2021. Her expertise aims to strengthen PPM’s position amid growth in the private equity market.
Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), has entered a distribution partnership with The Pinnacle Group. This collaboration aims to offer Jackson's advisory annuity products through Pinnacle's outsourced insurance desk, reaching over 15,000 registered investment advisors (RIAs). Bill Burrow, Senior VP at Jackson, expressed enthusiasm for this alliance, highlighting its role in expanding distribution opportunities. Pinnacle's VP, Morgan Christiansen, emphasized the partnership will enhance holistic planning solutions for advisors.
Jackson Financial Inc. (NYSE: JXN) reported Q1 2022 financial results with a net income of $2,025 million ($22.51 per diluted share), down from $2,932 million in Q1 2021. Adjusted operating earnings also declined to $354 million ($3.94 per diluted share) due to lower partnership income and increased expenses. The company returned $192 million to shareholders and maintained strong liquidity with nearly $1 billion in cash. Total annuity account value grew 2% to $242 billion, while total annuity sales reached $4.8 billion, a 2% increase year-over-year.
Jackson Financial Inc. (NYSE: JXN) has declared a quarterly cash dividend of $0.55 per Class A common share for Q2 2022. This dividend is scheduled to be paid on June 16, 2022 to shareholders recorded by June 2, 2022. Jackson focuses on simplifying retirement planning with an array of annuity products and aims for long-term growth and clarity for stakeholders. For more details, visit www.jackson.com.
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