Jackson(JXN)
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Jackson Financial (JXN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-22 02:01
For the quarter ended December 2023, Jackson Financial (JXN) reported revenue of $892 million, down 334.1% over the same period last year. EPS came in at $2.53, compared to $5.66 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.64 billion, representing a surprise of -45.58%. The company delivered an EPS surprise of -28.33%, with the consensus EPS estimate being $3.53.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Jackson Financial (JXN) Q4 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-02-22 00:46
Jackson Financial (JXN) came out with quarterly earnings of $2.53 per share, missing the Zacks Consensus Estimate of $3.53 per share. This compares to earnings of $5.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.33%. A quarter ago, it was expected that this financial services company would post earnings of $3.57 per share when it actually produced earnings of $3.80, delivering a surprise of 6.44%.Over the last four qu ...
Jackson Announces Future Retirement of Chief Financial Officer
Businesswire· 2024-02-21 21:16
LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) announced today that after more than 32 years of dedicated and outstanding service, Executive Vice President and Chief Financial Officer Marcia Wadsten intends to retire from Jackson on June 3, 2024. It is expected that Don Cummings, the Company’s current Senior Vice President, Chief Accounting Officer and Controller will be appointed Chief Financial Officer as of June 3, 2024. He will succeed Wadsten, who is also expected to co ...
Jackson Financial (JXN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research· 2024-02-14 16:06
Wall Street expects a year-over-year decline in earnings on higher revenues when Jackson Financial (JXN) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 21, 2024, might help the stock move higher if these key numbers are better ...
Jackson to Report Fourth Quarter and Full-Year 2023 Financial Results and Provide 2024 Outlook
Businesswire· 2024-01-04 21:05
LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) will announce financial results for the fourth quarter and full year ended December 31, 2023, after market close Wednesday, February 21, 2024. Jackson’s press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast Thursday, February 22, 2024, at 10 a.m. ET to review the results and discuss the company’s 2024 outlook. The live webcast is open to th ...
Jackson(JXN) - 2023 Q3 - Earnings Call Presentation
2023-11-09 15:15
Capital Management and Shareholder Returns - JFI has repurchased 184 million shares, representing 19% of outstanding common shares since separation[4] - JFI increased share repurchase authorization by $450 million and increased per share dividend by nearly 13% to $062 for 1Q23[4] - JFI is on track to achieve its 2023 capital return target of $450-$550 million, with $347 million returned YTD[69] - $368 million remains on share repurchase authorization as of 3Q23[12,69] - In 3Q23, $123 million of capital was returned to common shareholders through $71 million of share repurchases and $52 million in dividends[7] Financial Performance - Adjusted Operating Earnings for 3Q23 were $315 million, compared to $376 million for 3Q22[7,27] - Adjusted Operating Earnings per common share (diluted) for 3Q23 was $380[24,27] - Total Common Shareholders' Equity was $89 billion, up from $81 billion and $86 billion at 2Q23 and YE22, respectively[27] - RILA sales of $807 million in 3Q23, up 44% and 49% from 3Q22 and 2Q23, respectively[14,48] Investment Portfolio - Holding company assets (excluding equity in subsidiaries) totaled nearly $14 billion, including cash and highly liquid securities of more than $900 million at 3Q23[13,42] - Exposure to below investment grade securities is only 6% of total invested assets[60]
Jackson(JXN) - 2023 Q3 - Quarterly Report
2023-11-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40274 Jackson Financial Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...
Jackson(JXN) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40274 Jackson Financial Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...
Jackson(JXN) - 2023 Q1 - Earnings Call Presentation
2023-05-10 14:31
23 Statutory – Regional Bank Exposure1 March 31, 2023 Regional Banks with <$250B in Total Assets Key Highlights • No exposure to AT1 securities and only $4.5 million of subordinate, hybrid or preferred securities in the banking sector along with another $17.2 million in non-banking financial services Regional Banks with $250-$700B in Total Assets 144.6 | --- | --- | --- | --- | |-----------------|-------|-------|--------------------------------------------------------| | | | | | | ($ millions) | | • | Limit ...
Jackson(JXN) - 2023 Q1 - Quarterly Report
2023-05-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40274 Jackson Financial Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...