Jackson Financial Inc. - JXN STOCK NEWS

PPM America has been named one of the Best Places to Work in Money Management for 2022 by Pensions & Investments. This ranking recognizes PPM among 43 companies in the 100 to 499 employee category and highlights its robust workplace culture, employee support, and community engagement. The firm boasts $70.07 billion in assets under management as of September 30, 2022. PPM's President, Craig Smith, emphasized the company's commitment to fostering a supportive environment and providing comprehensive employee benefits, including tuition reimbursement and retirement matching programs.

Jackson National Life Insurance Company released findings revealing that the "Golden Generation" (ages 50-80) values guaranteed income solutions like annuities for retirement planning. Key insights include that 76% of retirees in this cohort have pensions, and those with pensions are 6% more likely to purchase annuities. Interestingly, self-identified spenders are less likely to have guaranteed income compared to savers. The research underscores a need for better financial education on the benefits of secured income, especially amongst those without pensions.

Jackson Financial (NYSE: JXN) will be the presenting sponsor of the 2023 Chicago Polar Plunge, benefiting Special Olympics Chicago and Special Children’s Charities. This event, taking place on March 5, 2023, is expected to attract over 4,000 participants. Funds raised will support year-round activities for athletes. Jackson continues to promote disability inclusion through community efforts and its internal Enable Network. The company's commitment to aiding individuals with intellectual disabilities emphasizes its corporate social responsibility.

Jackson National Life Insurance Company (JXN) has awarded over $560,000 to nonprofits in communities where it operates, bringing its total contributions for 2022 to $1,167,000. The grants aim to support various initiatives, including small business resources and hunger alleviation in Lansing, Nashville, and Chicago. Notable recipients include Allen Neighborhood Center, which will receive $50,000 to establish a local business hub, and GraceWorks, awarded $25,000 for food and shelter programs. Since 2017, Jackson has contributed over $75 million in grants and matching gifts.

Jackson Financial Inc. (NYSE: JXN) reported a net income of $1,479 million, or $16.83 per diluted share, for the third quarter of 2022, up from $206 million a year earlier. Adjusted operating earnings fell to $373 million or $4.24 per diluted share, primarily due to lower net investment income and fee income. Annuity sales totaled $3.6 billion, down 25% year-over-year. The company returned $88 million to shareholders and ended the quarter with nearly $800 million in cash and liquid securities. Despite challenges, Jackson expects to meet its capital return targets, estimating a return of $425-$525 million for 2022.

Jackson Financial Inc. (NYSE: JXN) has declared a quarterly cash dividend of $0.55 per share for Q4 2022. This dividend is scheduled for payment on December 15, 2022, to shareholders on record as of December 1, 2022. Jackson aims to simplify retirement planning with a range of annuity products while maintaining a long-term focus on all stakeholders.

Jackson National Life Insurance Company® recently held its Legal and Compliance Executive Council in Washington, D.C., focusing on enhancing annuity distribution collaborations. The two-day event emphasized the importance of regulatory adaptation and effective communication with distribution partners. Key discussions included the future of annuities in wealth management and the necessity for clearer educational materials for financial professionals. Senior executives expressed optimism about driving better retirement planning outcomes through improved partnerships.

Jackson Financial Inc. (NYSE: JXN) has launched a new segment of its Ignite by Jackson program, providing local college students with hands-on IT experience. This program aims to attract young talent to the financial services industry, addressing the retirement of current professionals. Since its inception in 2018, over 150 participants have completed the program, with half moving into full-time roles. The IT segment focuses on practical skills in technology, supporting various teams within the company.