Jackson Financial Inc Stock Price, News & Analysis

Jackson Financial (NYSE: JXN) reported strong financial results for Q4 and full year 2024. Q4 retail annuity sales reached $4.7B, up 42% YoY, with variable annuity sales at $2.8B (+27%) and RILA sales at $1.5B (+47%). The company posted Q4 net income of $334M ($4.45 per share) compared to a loss of $1.6B in Q4 2023.

Full-year 2024 highlights include total retail annuity sales of $17.8B (+39% YoY), net income of $902M ($11.74 per share), and adjusted operating earnings of $1.4B ($18.79 per share). The company maintained strong capital position with total adjusted capital of $5.1B and an estimated RBC ratio of 572%. JXN returned $631M to shareholders in 2024 through $415M in share repurchases and $216M in dividends.

For 2025, JXN increased Q1 dividend by 14% to $0.80 per share and set a capital return target of $700-800M for shareholders.

Jackson Financial (NYSE: JXN) has announced a 14% increase in its quarterly common stock dividend to $0.80 per share for the first quarter of 2025, marking its fourth consecutive dividend increase since becoming an independent company. The dividend will be paid on March 20, 2025, to shareholders of record as of March 11, 2025.

Additionally, the company declared a cash dividend of $0.50 per depositary share for its Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A (NYSE: JXN PR A), payable on March 31, 2025, to shareholders of record as of March 11, 2025.

Jackson National Life Distributors (JNLD) and its Corporate Communications team have received multiple prestigious awards in 2024 for their marketing and communications excellence. The company's efforts to simplify retirement planning were recognized across various platforms and competitions.

Key achievements include awards from The Stevies: American Business Awards for their Suitability Support Kit and Jellybeans interactive digital experience. The Suitability Support Kit also earned recognition from the Insurance Marketing and Communications Association. Additional honors came from the Financial Communications Society Portfolio Awards for their Choose Jackson Capabilities brochure and the Ragan PR Daily Awards for their Security in Retirement Series.

Notable materials recognized include the Suitability Support Kit for streamlining client transactions, the Jellybeans digital tool for explaining tax rates, the Choose Jackson capabilities brochure for financial professional outreach, and the Security in Retirement Series research project with Boston College's Center for Retirement Research.

Jackson Financial Inc. (NYSE: JXN) released a comprehensive study revealing significant gaps in retirement healthcare planning. The research, conducted with the Center for Retirement Research at Boston College, shows that nearly two-thirds of pre-retired investors underestimate their future healthcare expenses, expecting costs at least $1,220 below the $8,600 annual estimate.

Key findings highlight that only 27% of investors believe they will need long-term care, despite statistics showing 70% of individuals turning 65 will require such care. The study also revealed that medical care costs have increased by over 120% since 2000. More than 60% of investors are considering spending down assets to qualify for Medicaid as a long-term care funding solution.

The research, conducted between July-August 2024, surveyed 400+ financial professionals and 500 investors with minimum assets of $100,000, aged 48-78 years. The study is part of Jackson's Security in Retirement Series, following previous research on longevity and inflation risks.

Jackson Financial (NYSE: JXN) has scheduled its fourth quarter and full-year 2024 financial results announcement for Wednesday, February 19, 2025, after market close. The company will also provide its 2025 outlook during a conference call and webcast on Thursday, February 20, 2025, at 9 a.m. ET.

The earnings release and supplemental financial materials will be available on the company's investor relations website. The live webcast will be accessible to the public, with a replay available after the call.

PPM America has announced the hiring of a seasoned emerging market (EM) debt team from Western Asset Management. The team includes Mark Hughes and Kevin Ritter as senior managing directors and co-heads of EM debt, along with Matthew Graves as managing director and portfolio manager/analyst, and Kevin Zhang as vice president and analyst.

The team brings an average of 22 years of investment experience and has worked together for nearly a decade. They will be joined by Marty Boulanger, PPM's current managing director and credit analyst, who has 14 years of experience in sovereign debt. The team will report to Ogechi Nwachukwu, Deputy Chief Investment Officer, and will primarily operate from Los Angeles.

This strategic talent acquisition aligns with Jackson Financial Inc.'s commitment to expanding PPM's investment capabilities and assets under management.

Jackson Financial (NYSE: JXN) has awarded over $750,000 in grants to nonprofits in Lansing, Chicago, and Nashville, surpassing $1.5 million in total grants for 2024. The funds support various initiatives including homelessness assistance, affordable housing, and employment opportunities.

Key recipients include City Rescue Mission in Lansing, which serves 365 meals daily and houses 244 people nightly; Hard Bargain Association in Nashville, focusing on affordable housing development; and Cara Collective in Chicago, working on employment pathways and economic inclusion.

The company's biannual grant program is part of its broader philanthropic efforts, which have contributed over $85 million to nonprofits since 2007. In 2023, Jackson associates contributed nearly 21,000 volunteer hours nationwide.

PPM America has been named one of the 'Best Places to Work in Money Management' by Pensions & Investments for the third consecutive time and fifth time overall. The company was selected among 45 companies in the 100-499 employee category and was one of 113 companies recognized industry-wide for 2024.

The recognition is based on employee surveys measuring workplace experience and an evaluation of company policies, practices, and demographics. PPM's President, CEO, and CIO Craig Smith highlighted the firm's commitment to fostering a collaborative, client-centric work environment and community involvement through local non-profit activities.

The company offers comprehensive benefits including health insurance, retirement contribution matching, and tuition reimbursement programs. The award, established in 2012, results from a two-part survey process conducted by Pensions & Investments in partnership with Workforce Research Group.

Mike Hicks, Senior Vice President and Chief Information Officer of Jackson National Life Insurance (NYSE: JXN), has won the 2024 Michigan ORBIE® CIO of the Year Award in the Large Enterprise category. Hicks, who joined Jackson in April 2023, was recognized for his excellence in technology leadership and improving digital experiences for financial professionals and consumers.

As CIO, Hicks oversees the company's information technology strategy, including innovative systems development, data strategy, enterprise architecture, and digital transformation. The award acknowledges his contributions to enhancing Jackson's position as an industry leader in retirement planning services. The recognition was presented at an awards event in Dearborn, MI on November 15.