Jackson Financial Inc. - JXN STOCK NEWS

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.

Jackson National Life Insurance Company (Jackson®) has expanded its partnership with Halo Investing to provide registered investment advisors (RIAs) with enhanced fee-based annuity options. Following their initial collaboration in October 2021, the new offerings include exclusive advisory and variable annuities designed to strengthen RIA-client relationships. As retirement risks rise, this initiative aims to simplify access to effective investment solutions for advisors, reflecting Jackson's commitment to the RIA market.

Dev Ganguly, COO of Jackson National Life Insurance Company, has been awarded the ORBIE CIO of the Year by the Michigan Chapter of the InspireCIO Leadership Network. Recognized for technology leadership in the Large Enterprise category, Ganguly's achievements highlight Jackson’s focus on digital transformation to enhance retirement planning access. Under his leadership, the company has implemented an enterprise-wide scaled agile delivery framework and a platform strategy to improve collaboration and integration with partners. The award underscores Jackson’s long-term commitment to clarity in retirement planning.

Jackson Financial Inc. (NYSE: JXN) will report its third quarter financial results for the period ending September 30, 2022, after market close on November 9, 2022. The results will be followed by a conference call and webcast on November 10, 2022, at 10 a.m. ET. Investors can access the press release and financial materials on the company's investor relations website.

Through its annuity products and services, Jackson aims to simplify retirement planning for financial professionals and their clients. More information is available at www.jackson.com.

Jackson Financial Inc. (NYSE: JXN) has appointed Andrea Goodrich as senior vice president, corporate law, and corporate secretary. Effective immediately, she will oversee critical legal operations including governance and mergers. Carrie Chelko, general counsel, expressed enthusiasm for Goodrich's extensive public company experience, which is expected to enhance Jackson's business strategies after a successful first year as an independent public company. Goodrich previously held significant roles at Lincoln Financial Group and Johnson Controls.