Quarterly ResultMay 5, 2026, 04:25 PM
Jackson Q1 Adjusted EPS $5.15; Retail Annuity Sales Up 31% to $5.3B
AI Summary
Jackson Financial Inc. announced mixed financial results for Q1 2026, with a significant increase in retail annuity sales and free cash flow, alongside a wider GAAP net loss. Retail annuity sales grew 31% to $5.3 billion, driven by strong demand for RILA and fixed/fixed index annuities. Adjusted operating earnings per diluted share increased to $5.15, while the GAAP net loss attributable to common shareholders widened to $(435) million, primarily due to less favorable net hedging results. The company returned $257 million to shareholders and maintained a robust capital position.
Key Highlights
- Retail annuity sales increased 31% to $5.3 billion in Q1 2026.
- Adjusted operating earnings were $361 million, or $5.15 per diluted share.
- Net loss attributable to common shareholders was $(435) million, or $(6.24) per diluted share.
- RILA sales rose 68% to $2.0 billion; Fixed and FIA sales surged 335% to $756 million.
- Free cash flow increased to $288 million in Q1 2026.
- Returned $257 million to common shareholders, including $192 million in share repurchases.
- Total adjusted capital was $5.5 billion, with an estimated RBC ratio of 554%.
- Retail Annuities segment pretax adjusted operating earnings grew to $468 million.