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. (JXN) is a prominent financial services company renowned for its comprehensive retirement solutions. Operating under the marketing name Jackson, the company encompasses Jackson National Life Insurance Company® (headquartered in Lansing, Michigan) and Jackson National Life Insurance Company of New York® (headquartered in Purchase, New York). Jackson National Life Distributors LLC, an affiliate, is a leading provider in the annuities market, offering variable, fixed, and fixed index annuities, along with institutional products.
Jackson Financial Inc. aims to help Americans grow and protect their retirement savings and income, enabling them to pursue financial freedom. The company's core business is structured into three primary segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks and Corporate and Other. Through its subsidiaries and affiliates, Jackson also delivers asset management and retail brokerage services.
Jackson markets its diverse suite of products across 49 states and the District of Columbia via independent and regional broker-dealers, wirehouses, financial institutions, and independent insurance agents. In New York, Jackson National Life Insurance Company of New York manages product distribution.
Recent achievements highlight Jackson's commitment to innovation and customer satisfaction. The company's variable annuities are designed to help retail investors save for and live in retirement, providing flexible options tailored to different financial goals. Current projects include expanding its product offerings and strengthening its digital capabilities to enhance customer experience.
Financially, Jackson Financial Inc. is robust, driven by its diversified business model and strategic partnerships. The company's solid performance is reflected in its stock market presence, symbolized by JXN. For the latest updates and news, visit www.jackson.com.
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.
Jackson Financial (NYSE: JXN) reported strong growth in Q3 2024, with retail annuity sales reaching $5.3 billion, up 59% year-over-year. The company achieved record registered index-linked annuity sales of $1.6 billion, a 99% increase from Q3 2023. Total annuity assets under management grew 18% to $256 billion. Despite posting a net loss of $(480) million, adjusted operating earnings increased to $350 million ($4.60 per share) from $315 million ($3.80 per share) in Q3 2023. The company maintained a robust capital position with total adjusted capital of $4.8 billion and returned $167 million to shareholders through repurchases and dividends.
Jackson Financial (NYSE: JXN) has announced its Board of Directors' declaration of dividends for Q4 2024. The company will pay a $0.70 per share cash dividend on common stock, payable December 19, 2024, to shareholders of record as of December 5, 2024. Additionally, a $0.50 per depositary share dividend was declared for its Series A Preferred Stock, payable December 30, 2024, to shareholders of record as of December 5, 2024.
Jackson Financial (NYSE: JXN) has announced a strategic partnership with JPMorganChase to distribute its registered index-linked annuity (RILA) product, Jackson Market Link Pro II. The partnership will make the RILA product available to approximately 5,000 financial professionals at J.P. Morgan Wealth Management. This expansion aims to provide more clients with protection opportunities while potentially growing their assets through buffered annuities. The product can be explored through Jackson's RILA Digital Ecosystem, which offers a comprehensive view of how RILAs can fit into clients' financial plans.
Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), has introduced Principal Guard, a new guaranteed minimum accumulation benefit (GMAB) for its Elite Access® Suite of variable annuities. This add-on feature allows clients to invest with no downside risk over a selected term, offering protection while pursuing growth potential.
Principal Guard provides two guarantee term options: a 7-year option ensuring 100% of the original investment, and a 10-year option guaranteeing 110% of the initial investment at the end of the term. The Elite Access Suite also offers Investment Freedom®, allowing customers to invest in various well-known investments and work with investment managers to meet their goals.
This new offering aims to meet the growing market demand for protection-oriented products while providing benefits such as tax deferral, guaranteed accumulation, and legacy planning options. Jackson has also enhanced its digital capabilities to educate consumers on the product's features and benefits.
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.
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