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 National Life Insurance Company awarded $775,000 in grants to nonprofits in Lansing, Nashville, and Chicago. These funds aim to provide financial services, savings practices, debt reduction, and access to Veterans services, tax filing assistance, and financial literacy training. Notable recipients include Haven House in Lansing, which supports homeless families, Operation Stand Down Tennessee in Nashville, aiding Veterans, and Ladder Up in Chicago, offering financial resources and tax preparation. Jackson has contributed over $85 million to nonprofits since 2007 and associates volunteered nearly 21,000 hours in 2023.
Jackson Financial has released findings from its latest research in the Security in Retirement Series, highlighting consumers' increasing pessimism about financial security amid inflation concerns.
Conducted with Boston College's Center for Retirement Research, the study reveals that over half of consumers are more pessimistic about their financial outlook than they were in 2021, with 30% being much more pessimistic post-2022's inflation peak. Notably, more than half of surveyed consumers were unclear about current inflation rates, indicating a low level of awareness.
Diversification is the top strategy recommended by financial professionals to mitigate inflation risk. Additionally, 42% of professionals in 2023 advised increasing allocations to annuities with guarantees, up from 32% during 2021-2022. Consumers who followed professional advice lost less purchasing power to inflation compared to those who did not.
The study also explores inflation's differing impacts on pre-retirees versus retirees and how news sources influence economic perceptions. The survey involved 400 financial professionals and over 1,500 consumers aged 55-85.
Jackson Financial Inc. (NYSE: JXN) reported a net income of $784 million in the first quarter of 2024, with adjusted operating earnings up 23% to $334 million. The company saw a record level of registered index-linked annuity sales and total annuity assets under management grew to $248 billion. Jackson also returned $172 million to common shareholders and maintained a robust capital position. Laura Prieskorn, President and CEO, highlighted the company's momentum and positive financial targets.
Jackson Financial Inc. announced dividends for the second quarter of 2024 - $0.70 per common stock and $0.50 per preferred stock (JXN and JXN PR A) payable in June and July respectively.
Jackson National Life Insurance Company® (Jackson®), a subsidiary of Jackson Financial Inc. (NYSE: JXN), has launched +Income, an add-on benefit offering guaranteed lifetime income through their Market Link Pro suite of registered index-linked annuities (RILAs). This new feature allows clients to create an immediate income stream or defer withdrawals, providing growth potential over time. RILAs are designed for retirement, subject to investment risk, with fluctuating values and possible loss of principal. +Income aims to provide clients with guaranteed retirement income that can withstand market fluctuations while offering additional benefits like legacy creation through built-in death benefits.
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