Financial Performance - In 2024, annuity sales reached $178 billion, with AUM (Assets Under Management) at $325 billion[8] - Free capital generation for 2024 was $13 billion, and capital return was $631 million[8] - For the first quarter of 2025, the net loss attributable to Jackson Financial Inc common shareholders was $35 million, or $048 per share[15, 16] - Adjusted Operating Earnings for 1Q25 was $376 million, or $510 per share[15, 16] - Retail annuity sales for 1Q25 totaled $40 billion, a 9% increase over the prior year[16] - Consolidated Pretax Adjusted Operating Earnings for 1Q25 was $442 million, while Retail Annuity Pretax Adjusted Operating Earnings was $420 million[16] Capital Management - Cash distributed to JFI increased significantly from $45 million in 1Q24 to $240 million in 1Q25[19] - Free cash flow increased from $20 million in 1Q24 to $213 million in 1Q25[19] - Capital returned to common shareholders increased from $172 million in 1Q24 to $231 million in 1Q25[21] - JNLIC's estimated RBC ratio was 585% as of the end of 1Q25, after reflecting $240 million of distributions from JNLIC to JFI[26]

Group 1 - Jackson Financial (JXN) closed at $85.86, reflecting a +2.29% increase from the previous day, outperforming the S&P 500's 0.03% loss [1] - Prior to the latest trading session, Jackson Financial shares had decreased by 1.29%, which was less than the Finance sector's loss of 1.73% and the S&P 500's gain of 0.6% [1] Group 2 - Jackson Financial is expected to report an EPS of $4.66, indicating a 12.41% decline from the same quarter last year, with a revenue forecast of $1.77 billion, down 36.75% year-over-year [2] - For the full year, analysts project earnings of $19.31 per share and revenue of $7.1 billion, representing changes of +2.77% and -22.25% respectively from the previous year [3] Group 3 - Recent analyst estimate revisions for Jackson Financial suggest a positive outlook for the business, as these changes reflect short-term business trends [3][4] - The Zacks Rank system, which includes estimate changes, currently ranks Jackson Financial at 3 (Hold) [5] Group 4 - Jackson Financial has a Forward P/E ratio of 4.35, which is lower than the industry average of 8.48, indicating that the company is trading at a discount compared to its peers [6] - The Insurance - Life Insurance industry, part of the Finance sector, holds a Zacks Industry Rank of 79, placing it in the top 33% of over 250 industries [6][7]

Jackson Financial (JXN) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Liz Werner - SVP - Head of IRLaura Prieskorn - CEO, President & DirectorDon Cummings - EVP & CFOScott Romine - President & CEO of Jackson National Life Distributors LLCThomas Gallagher - Senior Managing DirectorRyan Krueger - Managing DirectorNone - Executive Conference Call Participants Suneet Kamath - Senior Research Analyst Operator for attending the Jackson Financial 1Q twenty twenty five Earnings Call. My name i ...

Jackson Financial (JXN) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 for attending the Jackson Financial 1Q twenty twenty five Earnings Call. My name is Matt, and I'll be the moderator for today's call. I'd now like to pass the conference over to our host, Liz Werner, Head of Investor Relations. Liz, please go ahead. Speaker1 Good morning, everyone, and welcome to Jackson's first quarter twenty twenty five earnings call. Today's remarks may contain forward looking statements, which are subject to ...

Core Insights - Jackson Financial reported revenue of $1.77 billion for the quarter ended March 2025, a decrease of 36% year-over-year, while EPS increased to $5.10 from $4.23 in the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $1.78 billion, resulting in a revenue surprise of -0.19%, while the EPS exceeded expectations by 3.45% [1] Financial Performance Metrics - Net investment income was reported at $755 million, surpassing the average estimate of $490.40 million, reflecting a year-over-year increase of 2.9% [4] - Other income significantly increased to $14 million, compared to the average estimate of $16 million, marking a year-over-year change of 1300% [4] - Premium revenue reached $40 million, exceeding the average estimate of $35.41 million, with a year-over-year growth of 5.3% [4] - Fee income was reported at $1.99 billion, which was above the average estimate of $1.24 billion, but showed a slight decline of 0.6% year-over-year [4] - Adjusted earnings before tax for Retail Annuities was $420 million, below the average estimate of $471.09 million [4] - Adjusted earnings before tax for Corporate and Other showed an improvement to -$24 million, compared to the average estimate of -$60.33 million [4] - Adjusted earnings before tax for Closed Life and Annuity Blocks was $28 million, significantly higher than the average estimate of $7.24 million [4] - Adjusted earnings before tax for Institutional Products was reported at $18 million, slightly below the average estimate of $21.98 million [4] Stock Performance - Jackson Financial's shares have returned +15.9% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - Jackson Financial (JXN) reported quarterly earnings of $5.10 per share, exceeding the Zacks Consensus Estimate of $4.93 per share, and showing an increase from $4.23 per share a year ago, indicating a positive earnings surprise of 3.45% [1][2] Financial Performance - The company posted revenues of $1.77 billion for the quarter ended March 2025, which was slightly below the Zacks Consensus Estimate by 0.19%, and a decrease from $2.77 billion in the same quarter last year [2] - Over the last four quarters, Jackson Financial has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Jackson Financial shares have declined approximately 6.1% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The current Zacks Rank for Jackson Financial is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.66 on revenues of $1.73 billion, and for the current fiscal year, it is $18.87 on revenues of $6.89 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Insurance - Life Insurance industry, to which Jackson Financial belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Jackson Financial Inc. First Quarter 2025 Financial Results For Presentation on May 8, 2025 Forward-Looking Statements and Non-GAAP Measures The information in this document contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this document not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the use of forward-looking ...

[PART I—FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%E2%80%94FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents Jackson Financial Inc.'s unaudited condensed consolidated financial statements for Q1 2025, reflecting a net loss attributable to common shareholders and shifts in total assets and equity [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total assets | $327,193 | $338,450 | $(11,257) | | Total liabilities | $316,668 | $328,468 | $(11,800) | | Total shareholders' equity | $10,301 | $9,764 | $537 | | Total equity | $10,525 | $9,982 | $543 | [Condensed Consolidated Income Statements](index=5&type=section&id=Condensed%20Consolidated%20Income%20Statements) Consolidated Income Statement Highlights (in millions, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenues | $3,750 | $(322) | | Pretax income (loss) | $(17) | $903 | | Net income (loss) attributable to Jackson Financial Inc. | $(24) | $795 | | Net income (loss) attributable to JFI common shareholders | $(35) | $784 | | Basic EPS | $(0.48) | $10.04 | | Diluted EPS | $(0.48) | $9.94 | - The significant decrease in net income was primarily driven by a **$2,200 million loss from Market Risk Benefits** and a **$955 million gain on derivatives and investments**, compared to a **$2,700 million gain** and a **$3,100 million loss**, respectively, in the prior-year period, highlighting the volatility from these items[13](index=13&type=chunk) [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) Comprehensive Income (Loss) (in millions) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (loss) | $(18) | $802 | | Total other comprehensive income (loss) | $803 | $(615) | | Comprehensive income (loss) attributable to Jackson Financial Inc. | $779 | $180 | [Condensed Consolidated Statements of Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Equity) - Total equity increased from **$9,982 million** at December 31, 2024, to **$10,525 million** at March 31, 2025, driven by a **net loss of $18 million**, **other comprehensive income of $803 million**, **dividends totaling $70 million**, and **treasury stock purchases of $202 million**[19](index=19&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (in millions) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,594 | $1,426 | | Net cash used in investing activities | $(953) | $(2,006) | | Net cash (used in) provided by financing activities | $(521) | $433 | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=81&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's Q1 2025 performance, highlighting a U.S. GAAP net loss, positive Adjusted Operating Earnings, and strategic actions including capital return and the establishment of Brooke Re [Executive Summary](index=84&type=section&id=Executive%20Summary) The company reported a Q1 2025 net loss of $35 million, offset by Adjusted Operating Earnings of $376 million, while returning $231 million to shareholders and establishing Brooke Re for capital optimization Selected Financial and Operating Measures (in millions) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (loss) attributable to JFI common shareholders | $(35) | $784 | | Adjusted Operating Earnings (Non-GAAP) | $376 | $334 | | Amount of shares repurchased | $172 | $116 | | Dividends on common shares | $59 | $56 | - In Q1 2024, Jackson established **Brooke Re**, a Michigan-based captive reinsurer, to reinsure variable annuity guaranteed benefit riders, aiming to **moderate statutory capital impact**, enable **efficient economic hedging**, and produce **predictable financial results**[303](index=303&type=chunk)[304](index=304&type=chunk)[305](index=305&type=chunk) - The company returned **$231 million** to common shareholders in Q1 2025, comprising **$59 million in dividends** and **$172 million in share repurchases**, with a 2025 capital return target of **$700-$800 million**[303](index=303&type=chunk) [Key Operating Measures](index=86&type=section&id=Key%20Operating%20Measures) Total sales increased in Q1 2025, driven by institutional and retail annuity products, despite continued net outflows in retail annuities and a slight decrease in total Assets Under Management Total Sales by Product (in millions) | Product | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Retail Annuity Sales | $4,031 | $3,691 | | Total Institutional Product Sales | $1,599 | $100 | | **Total Sales** | **$5,630** | **$3,791** | Net Flows by Segment (in millions) | Segment | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Retail Annuities Net Flows | $(3,524) | $(2,799) | | Total Institutional Products Net Flows | $736 | $(596) | | Total Closed Life and Annuity Blocks Net Flows | $(69) | $(90) | - Total Assets Under Management (AUM) were **$318,000 million** as of March 31, 2025, compared to **$324,700 million** as of December 31, 2024[315](index=315&type=chunk) [Macroeconomic, Industry, and Regulatory Trends](index=90&type=section&id=Macroeconomic,%20Industry,%20and%20Regulatory%20Trends) The company's performance is influenced by market conditions and regulatory changes, with strategic responses like Brooke Re and ongoing monitoring of new rules like the DOL Fiduciary Advice Rule - The **Brooke Re transaction** in Q1 2024 is expected to largely **moderate the impact of the cash surrender value floor on statutory capital**, previously affected by rising equity markets and interest rates[320](index=320&type=chunk)[321](index=321&type=chunk) - Rising interest rates pose **disintermediation risk**, potentially leading to product lapses and forced asset sales at a loss[321](index=321&type=chunk) - The **Department of Labor's 2024 Fiduciary Advice Rule** is under court challenge, but the company believes its exposure is limited due to distribution partners' existing best interest adaptations[328](index=328&type=chunk)[329](index=329&type=chunk) [Non-GAAP Financial Measures](index=94&type=section&id=Non-GAAP%20Financial%20Measures) The company utilizes non-GAAP measures such as Adjusted Operating Earnings, Adjusted Book Value, and Free Cash Flow to provide a clearer view of underlying business performance by excluding market volatility Reconciliation of Net Income (Loss) to Adjusted Operating Earnings (in millions) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (loss) attributable to JFI common shareholders | $(35) | $784 | | Pretax adjusted operating earnings | $442 | $389 | | Less: operating income tax expense (benefit) | $55 | $44 | | Less: dividends on preferred stock | $11 | $11 | | **Adjusted operating earnings** | **$376** | **$334** | Reconciliation of Total Shareholders' Equity to Adjusted Book Value (in millions) | Line Item | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Total shareholders' equity | $10,301 | $10,169 | | Less: Preferred stock | $533 | $533 | | Exclude AOCI attributable to Jackson Financial Inc. | $1,256 | $1,762 | | **Adjusted Book Value Attributable to Common Shareholders** | **$11,024** | **$11,398** | - Free Cash Flow at the parent company was **$213 million** for Q1 2025, compared to **$20 million** in Q1 2024, primarily from **$240 million in dividends** and distributions from subsidiaries, less **$27 million in holding company expenses**[347](index=347&type=chunk)[348](index=348&type=chunk) [Consolidated Results of Operations](index=99&type=section&id=Consolidated%20Results%20of%20Operations) Pretax loss in Q1 2025 was primarily driven by unfavorable movements in market risk benefits, partially offset by favorable movements in net gains on derivatives and investments - The primary driver of the pretax loss was a **$4,964 million unfavorable movement in market risk benefits (gains) losses**, largely due to unfavorable changes in interest rates, fund performance, and volatility[352](index=352&type=chunk) - This was partially offset by a **$4,048 million increase in total net gains on derivatives and investments**, mainly from a **$4,294 million favorable swing in freestanding and embedded derivatives**[350](index=350&type=chunk) - The effective tax rate was **(6)% in Q1 2025** compared to **11% in Q1 2024**, driven by the relationship of taxable income to the consolidated pre-tax loss and changes in the valuation allowance[351](index=351&type=chunk)[354](index=354&type=chunk) [Segment Results of Operations](index=101&type=section&id=Segment%20Results%20of%20Operations) Total Pretax Adjusted Operating Earnings increased in Q1 2025, with stable Retail Annuities earnings, decreased Institutional Products earnings, increased Closed Life and Annuity Blocks earnings, and a smaller loss in Corporate and Other Pretax Adjusted Operating Earnings by Segment (in millions) | Segment | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Retail Annuities | $420 | $419 | | Institutional Products | $18 | $31 | | Closed Life and Annuity Blocks | $28 | $19 | | Corporate and Other | $(24) | $(80) | | **Total Pretax Adjusted Operating Earnings** | **$442** | **$389** | - Retail Annuities' earnings remained **flat** as higher fee and spread income were offset by increased commissions, general expenses, and policy benefits[358](index=358&type=chunk)[360](index=360&type=chunk) - Corporate and Other's improved result was primarily driven by a **$34 million decrease in general and administrative expenses**, mainly from lower deferred compensation expenses[367](index=367&type=chunk) [Investments](index=108&type=section&id=Investments) The company's investment strategy focuses on a diversified, largely investment-grade fixed income portfolio, with total investments at **$62,950 million** as of March 31, 2025, predominantly in debt securities and mortgage loans Investment Portfolio Composition (in millions) | Investment Type | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Debt Securities (AFS & FVO) | $45,673 | $43,335 | | Mortgage loans (Net of ACL & FVO) | $10,026 | $9,911 | | Policy loans | $4,407 | $4,403 | | Other invested assets | $2,844 | $2,864 | | **Total Investments (excluding derivatives)** | **$62,950** | **$60,513** | - The debt securities portfolio is **92.5% investment grade** as of March 31, 2025, slightly down from **93.0%** at December 31, 2024[57](index=57&type=chunk) - The allowance for credit losses on mortgage loans increased to **$130 million** at March 31, 2025, from **$121 million** at year-end, with a **$15 million provision** recorded for the quarter[383](index=383&type=chunk) [Policy and Contract Liabilities](index=115&type=section&id=Policy%20and%20Contract%20Liabilities) As of March 31, 2025, total policy and contract liabilities were **$284.4 billion**, primarily comprising separate account liabilities, general account liabilities, and reinsured liabilities Policy and Contract Liabilities Breakdown (March 31, 2025, in billions) | Liability Type | Amount | Backing Assets | | :--- | :--- | :--- | | Separate Account Liabilities | $217.6 | Separate Account Assets | | General Account Liabilities | $50.8 | Company Investment Portfolio | | Reinsured Liabilities | $14.5 | Funds Withheld Assets | | **Total** | **$282.9** | | - As of March 31, 2025, **93%** of fixed annuity, fixed-index annuity, and fixed accounts of RILA and variable annuity products had crediting rates at their guaranteed minimums[392](index=392&type=chunk) [Liquidity and Capital Resources](index=117&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity and capital position, relying on subsidiary dividends subject to regulatory approval, supported by a **$1,000 million** revolving credit facility and stable 'A' category financial strength ratings - Jackson Financial Inc. targets a minimum of **$250 million in cash and highly liquid securities**, sufficient to cover two years of fixed net expenses[406](index=406&type=chunk) - For 2025, future dividends from primary insurance subsidiaries, Jackson and Brooke Life, are expected to be **extraordinary** and require prior approval from the Michigan regulator[414](index=414&type=chunk) Financial Strength Ratings (as of May 1, 2025) | Company | A.M. Best | Fitch | Moody's | S&P | | :--- | :--- | :--- | :--- | :--- | | Jackson National Life | A (stable) | A (stable) | A3 (stable) | A (stable) | [Impact of Recent Accounting Pronouncements](index=126&type=section&id=Impact%20of%20Recent%20Accounting%20Pronouncements) The company is evaluating new accounting standards, including ASU 2023-09 on income tax disclosures and ASU 2024-03 on expense disaggregation, with no material impact expected from the former - **ASU 2023-09**, enhancing income tax disclosures, will be effective for the annual period ending December 31, 2025, and is not expected to have a material impact[36](index=36&type=chunk) - **ASU 2024-03**, requiring disaggregated income statement expense disclosure, will be effective for annual periods after December 15, 2026, with its impact currently under evaluation[37](index=37&type=chunk) [Summary of Critical Accounting Estimates](index=126&type=section&id=Summary%20of%20Critical%20Accounting%20Estimates) The company's financial statements rely on several critical accounting estimates, including the valuation of policy reserves, market risk benefits, investments, and derivatives - Critical accounting estimates include reserves for **future policy benefits**, **market risk benefits**, **reinsurance**, **income taxes**, **investment valuation and impairment**, and **derivative instrument valuation**[441](index=441&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=127&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes to the quantitative and qualitative disclosures about market risk since the 2024 Annual Report on Form 10-K - There have been **no material changes** to the market risk disclosures previously reported in the 2024 Annual Report[442](index=442&type=chunk) [Item 4. Controls and Procedures](index=127&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2025, with no material changes in internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2025[443](index=443&type=chunk) - No changes occurred during Q1 2025 that materially affected, or are reasonably likely to materially affect, the company's **internal control over financial reporting**[444](index=444&type=chunk) [PART II—OTHER INFORMATION](index=128&type=section&id=PART%20II%E2%80%94OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=128&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course litigation, including class action lawsuits, with no expected material adverse effect on its financial condition - The company is involved in ordinary course litigation and does not believe the outcome will have a **material adverse effect** on its financial condition[266](index=266&type=chunk) [Item 1A. Risk Factors](index=128&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the 2024 Annual Report on Form 10-K - There have been **no material changes** to the company's risk factors as discussed in the 2024 Annual Report[446](index=446&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=128&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2025, the company repurchased **1,966,909 common shares** for approximately **$172 million**, with **$431 million** remaining authorized for future repurchases as of May 1, 2025 Share Repurchases (Jan 1, 2025 - Mar 31, 2025) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | Jan 2025 | 479,387 | $91.79 | | Feb 2025 | 565,063 | $89.82 | | Mar 2025 | 922,459 | $84.25 | | **Total Q1 2025** | **1,966,909** | **$87.69 (approx.)** | - As of May 1, 2025, the company had **$431 million** remaining under its share repurchase authorization[449](index=449&type=chunk) [Item 5. Other Information](index=129&type=section&id=Item%205.%20Other%20Information) No Section 16 officers or directors adopted or terminated a Rule 10b5-1 trading plan during Q1 2025, though a pre-existing plan for an Executive Vice President terminated as scheduled - A **Rule 10b5-1 trading plan** for Craig D. Smith, EVP, terminated on April 7, 2025, as scheduled[451](index=451&type=chunk)[452](index=452&type=chunk) [Item 6. Exhibits](index=129&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including new executive compensation agreements, an offer letter, and required CEO/CFO certifications [Signatures](index=131&type=section&id=SIGNATURES)

Core Insights - Jackson Financial (JXN) is expected to report quarterly earnings of $4.93 per share, reflecting a 16.6% increase year over year, while revenues are forecasted to decline by 35.9% to $1.78 billion [1] Earnings Projections - There has been a downward revision of 10.2% in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Revenues- Net investment income' at $490.40 million, a decrease of 33.2% year over year [5] - The 'Revenues- Premium' is projected at $35.41 million, indicating a year-over-year decline of 6.8% [5] - 'Revenues- Fee income' is expected to be $1.24 billion, reflecting a 38.2% decrease from the prior-year quarter [5] Adjusted Earnings Before Tax - The consensus estimate for 'Adjusted earnings before tax- Retail Annuities' is $471.09 million, up from $419 million year over year [6] - 'Adjusted earnings before tax- Closed Life and Annuity Blocks' is projected at $7.24 million, down from $19 million in the previous year [6] - Analysts expect 'Adjusted earnings before tax- Institutional Products' to reach $21.98 million, compared to $31 million in the same quarter last year [7] Stock Performance - Jackson Financial shares have returned +16% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.4% change [7] - The company holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near future [7]

Company Performance - Jackson Financial (JXN) closed at $77.84, with a slight decline of -0.09% from the previous trading session, underperforming the S&P 500's gain of 0.63% [1] - The stock has experienced a significant drop of 10.63% over the past month, compared to a loss of 0.81% in the Finance sector and 0.7% in the S&P 500 [1] Earnings Forecast - Jackson Financial is expected to release its earnings on May 7, 2025, with a predicted EPS of $4.93, indicating a growth of 16.55% year-over-year [2] - Revenue is projected to be $1.78 billion, reflecting a decline of 35.89% compared to the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $18.87 per share, showing a slight increase of 0.43% from the previous year, while revenue is expected to be $6.89 billion, indicating a decrease of 24.63% [3] - Recent analyst estimate revisions suggest a changing business outlook, with positive revisions indicating optimism [3] Analyst Ratings - The Zacks Rank system, which evaluates estimate changes, currently rates Jackson Financial at 4 (Sell), with a consensus EPS projection having decreased by 9.56% in the last 30 days [5] - The Zacks Rank has a historical track record of outperformance, with 1 stocks averaging an annual return of +25% since 1988 [5] Valuation Metrics - Jackson Financial has a Forward P/E ratio of 4.13, significantly lower than the industry average of 10.69, suggesting it is trading at a discount [6] - The Insurance - Life Insurance industry, to which Jackson Financial belongs, has a Zacks Industry Rank of 162, placing it in the bottom 35% of over 250 industries [6]