Jackson Financial Inc. - JXN STOCK NEWS

Jackson Financial Inc. (NYSE: JXN) has announced that it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call and webcast on Thursday, November 7, 2024, at 9 a.m. ET to discuss the results.

Interested parties can access the press release and supplemental financial materials at investors.jackson.com. The live webcast will be open to the public and can be accessed through the same website. A replay of the call will be available after the event. To register for the webcast, participants can follow the provided link.

Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), has been named the Fueling Greatness Award winner in the 2024 Blackbaud Impact Awards. The company was recognized for its outstanding associate volunteerism in 2023, with 48% of associates participating in volunteer opportunities throughout the year.

Jackson partnered with Blackbaud to implement YourCause® CSRconnect®, enabling them to track and exceed their goal of 30% associate participation in volunteer service. Key achievements include:

• More than 1,800 individual associates participated
• Over 400 nonprofits were served nationwide
• Nearly 21,000 hours of volunteerism took place

Jackson's corporate philanthropy program focuses on building long-term partnerships with nonprofits to help people achieve financial freedom for life. The company's efforts are centered in Lansing, Michigan; Nashville, Tennessee; and Chicago, Illinois.

Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), has been awarded the 2024 Insurance Technology Impact award by Datos Insights for its Registered Index-Linked Annuity (RILA) Digital Ecosystem. This innovative platform serves as a comprehensive tool for illustrating RILA benefits and their integration into financial plans.

The ecosystem aims to enhance understanding and accessibility of RILAs, one of the fastest-growing annuity segments. It features a data-driven tool that generates personalized, hypothetical scenarios for various RILA options within a holistic financial plan. This recognition highlights Jackson's commitment to improving digital experiences for financial professionals and their clients in the rapidly evolving RILA market.

Jackson Financial Inc. (NYSE: JXN) reported strong Q2 2024 results, with net income of $264 million ($3.43 per diluted share) and adjusted operating earnings of $410 million ($5.32 per diluted share). Key highlights include:

- 9% increase in total annuity assets under management to $247 billion
- Record RILA sales of $1.4 billion, up 163% year-over-year
- Robust capital position with estimated RBC ratio of 550-570%
- Returned $144 million to shareholders through repurchases and dividends
- Board approved $750 million increase to share repurchase authorization

The company's retail annuity sales grew 36% year-over-year, driven by strong RILA performance. Jackson maintained over $1 billion in excess capital and increased holding company cash above its targeted minimum liquidity buffer.

Jackson Financial Inc. (NYSE: JXN) has announced key financial decisions for Q3 2024. The Board of Directors declared a cash dividend of $0.70 per share of common stock, payable on September 19, 2024, to shareholders of record as of September 5, 2024. Additionally, a cash dividend of $0.50 per depositary share for the preferred stock (NYSE: JXN PR A) will be paid on September 30, 2024.

Notably, Jackson's Board has authorized a $750 million increase to the existing common share repurchase program, adding to the remaining $95 million authorization as of June 30, 2024. This expansion demonstrates the company's commitment to returning value to shareholders through strategic capital allocation.

Jackson Financial (NYSE: JXN) will release its Q2 2024 financial results on August 7, 2024, after market close. The company will provide a detailed press release and supplemental financial materials on its investor relations website. A conference call and webcast to discuss the results will be held on August 8, 2024, at 10 a.m. ET. The webcast is publicly accessible, and a replay will be available post-call.

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.