Jackson Financial Inc. reports developments in its retirement-services and annuity business, including financial results, retail annuity sales, product mix, capital generation, holding-company cash and common and preferred stock dividends. Its product suite includes variable annuities, registered index-linked annuities, fixed index annuities, fixed annuities and payout annuities, with business reported across Retail Annuities, Institutional Products, and closed life and annuity blocks.
Recurring company updates also cover Jackson National Life Insurance Company, the PPM America asset management subsidiary, investment-management capabilities, the completed TPG strategic partnership, and retirement research on policy, longevity, inflation, healthcare and market risks.
Jackson Financial (NYSE: JXN) and PPM America announced that Craig Smith, PPM president and CEO for nearly 20 years, intends to retire effective December 31, 2025. While a successor search is underway, Chris Raub, president of Jackson National Life Insurance Company, will serve as interim leader of PPM following Smith’s retirement.
Raub has more than 25 years with Jackson and will retain his JNLIC responsibilities, including oversight of distribution, product development, operations, IT and sub-advisor/fund accounting, while providing oversight to PPM’s executive leadership and growth initiatives.
Jackson Financial (NYSE: JXN) announced a significant expansion of its share repurchase program, with its Board of Directors authorizing an additional $1 billion to the existing buyback program. This adds to the remaining authorization of $208 million as of August 31, 2025.
CEO Laura Prieskorn emphasized that this increase reflects the Board's confidence in Jackson's strong capital generation capabilities and long-term business strength. The company will execute repurchases through various methods including open market purchases and private transactions, with timing and volume dependent on market conditions.
Jackson Financial Inc. (NYSE: JXN) has launched Jackson Income Assurance℠ and Jackson Income Assurance℠ Advisory, new fixed index annuities (FIAs) with embedded guaranteed minimum withdrawal benefits (GMWB). The products feature a 30% Guaranteed Withdrawal Balance (GWB) Premium Bonus and are available in both 7- and 10-year options.
Key features include an 8% annual roll-up credited daily for up to 10 years, multiple crediting methods based on S&P 500 Index returns, and a 10% free withdrawal amount. The advisory version allows fees to be taken from the contract without impacting living benefits, death benefits, or free withdrawal amounts.
Jackson Financial (NYSE: JXN) has released a groundbreaking study on market risk management in retirement, introducing their proprietary Market Risk Vulnerability Index. The research reveals concerning trends among investors, particularly those most vulnerable to market risk.
Key findings show that 86% of high-risk investors fail to meet recommended asset diversification benchmarks, and nearly half would allocate 49% of their portfolio to cash - more than double the recommended 20% threshold. The study found that 57% of high-index investors spend over half their income on basic needs, compared to just 5% of low-index investors. Notably, 72% of low-risk investors work with financial professionals, versus only 43% of high-risk investors.
The research also highlights that 61% of financial professionals use annuities with guaranteed income to manage investment risk for retirement clients, suggesting their importance in market risk management strategies.
Jackson Financial (NYSE: JXN) reported Q2 2025 financial results with mixed performance. The company achieved retail annuity sales of $4.4 billion, up 4% year-over-year, while net income decreased to $168 million ($2.34 per share) from $264 million in Q2 2024. Adjusted operating earnings were $350 million ($4.87 per share), down from $410 million year-over-year.
The company maintained strong capital position with total adjusted capital of $5.3 billion and an estimated RBC ratio of 566%. Jackson returned $216 million to shareholders through $158 million in share repurchases and $58 million in dividends. Free cash flow reached $290 million for the quarter and exceeded $1 billion for the trailing twelve months.
Jackson Financial (NYSE: JXN) has declared dividends for both its common and preferred stock for Q3 2025. The company will pay a $0.80 per share dividend on common stock, payable September 25, 2025, to shareholders of record as of September 15, 2025.
Additionally, Jackson announced a $0.50 per depositary share dividend for its Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A (NYSE: JXN PR A), payable September 30, 2025, to shareholders of record as of September 15, 2025.
Jackson Financial (NYSE: JXN) has launched a new digital experience on Jackson.com specifically designed for financial professionals. The enhanced platform features the new Product Match Pro tool, which helps identify suitable products for clients' retirement planning needs, and a Find Your Wholesaler feature for locating local support.
The upgraded website offers personalized content, self-service capabilities, and tailored journeys based on professional profiles and channels. Financial professionals can access enhanced features including a pending new business tracker and claims initial notice. The development process incorporated direct input from financial advisors to ensure the platform effectively addresses their needs and streamlines business operations.
Jackson Financial (NYSE: JXN) has scheduled its second quarter 2025 financial results announcement for August 5, 2025 after market close. The company will host a conference call and webcast to discuss the results on August 6, 2025 at 11 a.m. ET.
The earnings release and supplemental financial materials will be accessible at investors.jackson.com. The live webcast will be open to the public, with a replay available after the call.
Jackson Financial (NYSE: JXN) has scheduled its second quarter 2025 financial results announcement for August 6, 2025, after market close. The company will host a conference call and webcast to discuss the results on August 7, 2025 at 9:00 AM ET.
The earnings release and supplemental materials will be available on the company's investor relations website. Interested parties can access the live webcast at investors.jackson.com, with a replay available after the call.