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 National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), has entered a distribution partnership with The Pinnacle Group. This collaboration aims to offer Jackson's advisory annuity products through Pinnacle's outsourced insurance desk, reaching over 15,000 registered investment advisors (RIAs). Bill Burrow, Senior VP at Jackson, expressed enthusiasm for this alliance, highlighting its role in expanding distribution opportunities. Pinnacle's VP, Morgan Christiansen, emphasized the partnership will enhance holistic planning solutions for advisors.
Jackson Financial Inc. (NYSE: JXN) reported Q1 2022 financial results with a net income of $2,025 million ($22.51 per diluted share), down from $2,932 million in Q1 2021. Adjusted operating earnings also declined to $354 million ($3.94 per diluted share) due to lower partnership income and increased expenses. The company returned $192 million to shareholders and maintained strong liquidity with nearly $1 billion in cash. Total annuity account value grew 2% to $242 billion, while total annuity sales reached $4.8 billion, a 2% increase year-over-year.
Jackson Financial Inc. (NYSE: JXN) has declared a quarterly cash dividend of $0.55 per Class A common share for Q2 2022. This dividend is scheduled to be paid on June 16, 2022 to shareholders recorded by June 2, 2022. Jackson focuses on simplifying retirement planning with an array of annuity products and aims for long-term growth and clarity for stakeholders. For more details, visit www.jackson.com.
Jackson Financial Inc. (NYSE: JXN) has released its first Environmental, Social and Governance (ESG) report since becoming an independent public company in September 2021. The report outlines Jackson's ESG priorities, including environmental protection, community support, and governance practices. Key highlights include a solar farm at its Michigan headquarters providing 20% of energy needs, over $5.6 million in donations, and extensive community volunteering. The company emphasizes its commitment to diversity, inclusion, and sustainable practices as part of its long-term strategy.
Jackson Financial Inc. (NYSE: JXN) is set to release its financial results for Q1 ending March 31, 2022, after market close on May 10, 2022. A conference call will be held on May 11, 2022, at 10 a.m. ET to discuss the results. Jackson aims to simplify retirement planning through its annuity products and services. The company is committed to delivering clarity and better outcomes for clients and stakeholders. For more information, visit the investors' page.
Jackson Financial Inc. (NYSE: JXN) has partnered with Producers Choice Network (PCN) to distribute its advisory annuity products to over 6,500 investment advisor representatives. This collaboration aims to support registered investment advisors (RIAs) by providing commission-free, competitive products tailored to their client needs. Bill Burrow, Senior VP at Jackson, highlighted this partnership as a means to enhance their distribution footprint and better serve financial professionals. Jamie Kosharek, President of PCN, emphasized the goal of delivering unbiased planning through their services.
Jackson Financial Inc. (NYSE: JXN) reported strong financial results for Q4 and full year 2021, achieving a net income of $585 million for Q4, and $3.183 billion for the entire year. Adjusted operating earnings were $707 million for Q4 and $2.398 billion for the year, reflecting an increase in fee income from annuity sales. The company also highlighted a robust capital position with an RBC ratio of 580%. A dividend increase of 10% to $0.55 per share and a $300 million share repurchase authorization were announced. Total annuity account value rose to $259 billion, marking a 13% increase year-over-year.
Jackson Financial Inc. (NYSE: JXN) announced a cash dividend of $0.55 per Class A common share for Q1 2022, marking a 10% increase from the previous quarter. The dividend will be paid on March 23, 2022, to shareholders on record as of March 14, 2022. Additionally, the Board has increased the share repurchase authorization by $300 million, bringing the total to approximately $338 million. Repurchases will occur based on market conditions and management discretion.
Jackson Financial Inc. (NYSE: JXN) will release its financial results for Q4 and full year 2021 after market close on March 2, 2022. A conference call is scheduled for March 3, 2022, at 10 a.m. ET to discuss these results, which will be accessible to the public. The company also aims to help stakeholders understand retirement planning, releasing educational videos addressing consumer needs and annuity types. Additional information about the press release is available on Jackson's investor relations website.
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