Financial Performance - Jackson Financial Inc. reported significant revenues primarily from fee income, spread income, and margins on insurance products[286]. - Net income attributable to common shareholders for Q3 2025 was $65 million, a significant improvement from a loss of $480 million in Q3 2024[291]. - Adjusted Operating Earnings for Q3 2025 increased to $433 million, compared to $350 million in Q3 2024, while for the nine months ended September 30, 2025, it reached $1,159 million, up from $1,094 million in the same period last year[291]. - Total revenues for the nine months ended September 30, 2025, increased to $4,695 million, up from $3,046 million in the same period of 2024, representing a growth of 54.0%[337]. - The company experienced a pretax income of $72 million for the three months ended September 30, 2025, a significant improvement from a pretax loss of $579 million in the same period of 2024[338]. - Net investment income for the three months ended September 30, 2025, was $856 million, an increase of 17.9% from $726 million in the same period of 2024[337]. - The company reported a total of $1,344 million in benefits and expenses for the three months ended September 30, 2025, down from $2,700 million in the same period of 2024[337]. Business Segments - The company manages its business through three reportable segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks[289]. - Total retail annuity sales for Q3 2025 were $5,362 million, slightly up from $5,272 million in Q3 2024, and for the nine months ended September 30, 2025, total sales reached $13,773 million, compared to $13,192 million in the prior year[297]. - Operating revenues for the Retail Annuities segment totaled $1,411 million for the three months ended September 30, 2025, compared to $1,344 million for the same period in 2024[348]. - Total operating revenues for the Institutional Products segment rose to $148 million in Q3 2025 from $101 million in Q3 2024, reflecting strong performance in net investment income[354]. - For the Closed Life and Annuity Blocks segment, pretax adjusted operating earnings improved by $8 million to $15 million for Q3 2025, compared to $7 million in Q3 2024, mainly due to a $50 million increase in spread income[359]. Assets and Investments - The company holds significant assets due to funds withheld reinsurance arrangements, including the Athene Reinsurance Transaction, which impacts investment performance[287]. - As of September 30, 2025, total assets under management (AUM) reached $350,322 million, up from $324,718 million as of December 31, 2024, reflecting a growth of approximately 7.5%[305]. - Jackson invested assets increased to $55,285 million as of September 30, 2025, compared to $46,143 million at the end of 2024, representing a growth of about 19.9%[305]. - Total investments reached $67,691 million as of September 30, 2025, compared to $61,007 million at December 31, 2024, representing an increase of 10.9%[370]. - Available-for-sale debt securities increased to $46,087 million as of September 30, 2025, from $40,289 million at December 31, 2024, representing a growth of 14.0%[370]. Cash Flow and Shareholder Returns - Free cash flow for the parent company was $216 million in Q3 2025, down from $278 million in Q3 2024, while for the nine months ended September 30, 2025, it was $719 million compared to $527 million in the same period last year[292]. - The company returned $657 million to common shareholders from January 1, 2025, to September 30, 2025, consisting of $173 million in dividends and $484 million in share repurchases[292]. - During Q3 2025, Jackson Financial paid cash dividends totaling $67 million, including $56 million for common stock and $11 million for preferred stock[410]. - A total of 5,523,157 shares of common stock were repurchased for $484 million in the nine months ended September 30, 2025[412]. Risk Management and Regulatory Environment - The company emphasizes disciplined risk management and efficient operating platforms as core strengths[284]. - Net income volatility is experienced due to the lack of direct hedging against market risk benefit liabilities[288]. - The company is subject to various economic, industry, and regulatory trends that may affect its operations[290]. - The 2024 Fiduciary Advice Rule may lead to changes in compensation practices and product offerings, potentially impacting sales of annuities through distribution partners[320]. - Rising interest rates could increase cash surrender values of certain products, leading to higher regulatory reserves and potentially affecting the company's ability to pay dividends[311]. Demographic Trends and Market Positioning - Jackson Financial is positioned to grow profitably as the aging U.S. population transitions into retirement, supported by a strong distribution network[284]. - The company expects demographic trends, particularly the increase in retirement-age individuals, to drive significant demand for its products[317]. Financial Strength and Ratings - Jackson's principal insurance subsidiaries received financial strength ratings of A from A.M. Best and S&P, and A3 from Moody's, all with a stable outlook as of October 24, 2025[427]. - The financial strength ratings are influenced by factors such as market positioning, profitability, leverage, and liquidity, which are critical for consumer confidence and competitive positioning[428]. - As of September 30, 2025, the insurance company subsidiaries had statutory surplus well above the minimum required capital levels[399].

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Company Performance - HudBay Minerals (HBM) has seen a 9.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - GigaCloud Technology Inc. (GCT) has experienced a 6.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Weatherford International (WFRD) has reported a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Maximus (MMS) has seen a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Jackson Financial (JXN) has experienced a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Points - Jackson Financial Inc. will release its third quarter 2025 financial results after market close on November 4, 2025 [1] - A conference call and webcast to discuss the results will be held on November 5, 2025, at 11 a.m. ET [2] - Jackson is focused on simplifying retirement planning through its annuity products and aims to provide clarity for stakeholders [3] Company Overview - Jackson Financial Inc. is dedicated to helping financial professionals and their clients navigate retirement planning complexities [3] - The company emphasizes a balanced, long-term approach to serve customers, shareholders, distribution partners, employees, regulators, and community partners [3] - Jackson has received awards for service quality, indicating a commitment to high customer satisfaction [4]

Group 1 - CBRE Group is a member of the Finance sector, which includes 868 individual stocks and holds a Zacks Sector Rank of 5 [2] - CBRE Group currently has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook as the consensus estimate for full-year earnings has increased by 4.3% over the past quarter [3] - CBRE has returned approximately 15.6% year-to-date, outperforming the Finance sector average return of 13.8% [4] Group 2 - CBRE Group is part of the Real Estate - Operations industry, which consists of 29 companies and is currently ranked 86 in the Zacks Industry Rank, with an average gain of 13.5% this year [5] - Jackson Financial, another Finance stock, has also outperformed the sector with a return of 15.9% year-to-date and has a Zacks Rank of 2 (Buy) [4][6] - The Insurance - Life Insurance industry, to which Jackson Financial belongs, is ranked 40 and has seen a gain of 2.9% this year [6]

Core Viewpoint - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through tools like the Zacks Momentum Style Score [2] Group 2: Jackson Financial (JXN) Analysis - Jackson Financial (JXN) has shown a four-week price change of 4.3%, indicating growing investor interest [3] - Over the past 12 weeks, JXN's stock has gained 18.6%, with a beta of 1.45, suggesting it moves 45% more than the market [4] - JXN has a Momentum Score of A, indicating a favorable entry point for investors looking to capitalize on its momentum [5] Group 3: Earnings Estimates and Valuation - JXN has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [6] - The stock is trading at a Price-to-Sales ratio of 0.95, suggesting it is undervalued as investors pay only 95 cents for each dollar of sales [6] Group 4: Additional Investment Opportunities - Besides JXN, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in the identification of potential winning stocks [8]

Core Viewpoint - Jackson Financial (JXN) is showing positive stock performance and is expected to report strong financial results, with projected earnings and revenue growth compared to the previous year [1][2][3]. Financial Performance - The upcoming earnings per share (EPS) for Jackson Financial is projected at $5.23, indicating a 13.7% increase year-over-year [2]. - Quarterly revenue is expected to reach $1.87 billion, reflecting a 6.63% increase from the same quarter last year [2]. - For the entire fiscal year, the Zacks Consensus Estimates project earnings of $20.44 per share, an increase of 8.78%, while revenue is expected to decline by 20.8% to $7.24 billion [3]. Analyst Estimates and Market Sentiment - Recent changes in analyst estimates for Jackson Financial are crucial as they reflect short-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4]. - The Zacks Rank system, which considers these estimate changes, currently ranks Jackson Financial as 2 (Buy), suggesting a favorable outlook [6]. Valuation Metrics - Jackson Financial is trading at a Forward P/E ratio of 4.95, which is below the industry average Forward P/E of 10.5, indicating a potential undervaluation [7]. - The Insurance - Life Insurance industry, to which Jackson Financial belongs, ranks in the top 18% of all industries according to the Zacks Industry Rank [7].

Group 1 - Jackson Financial (JXN) closed at $103.80, marking a +1.6% move from the prior day, outperforming the S&P 500's gain of 0.59% [1] - Over the last month, Jackson Financial's shares have increased by 4%, surpassing the Finance sector's gain of 1.64% and the S&P 500's gain of 2.72% [1] Group 2 - Jackson Financial is projected to report earnings of $5.23 per share, representing year-over-year growth of 13.7%, with a revenue forecast of $1.87 billion, indicating a 6.63% growth compared to the prior year [2] - For the full year, earnings are projected at $20.44 per share and revenue at $7.24 billion, reflecting changes of +8.78% and -20.8% from the prior year [3] Group 3 - Jackson Financial currently has a Zacks Rank of 2 (Buy), with no change in the Zacks Consensus EPS estimate over the past month [5] - The Forward P/E ratio for Jackson Financial is 5, indicating a discount compared to its industry's Forward P/E of 10.25 [6] Group 4 - The Insurance - Life Insurance industry, part of the Finance sector, holds a Zacks Industry Rank of 69, positioning it in the top 28% of all 250+ industries [6][7]

Industry Overview - The Zacks Life Insurance industry includes companies providing life insurance coverage and retirement benefits, with products such as annuities, whole and term life insurance, and health insurance [2] - The life insurance market is projected to grow, with gross written premiums expected to reach $1.34 trillion by 2025, driven by increasing demand for protection products and retirement benefits due to a rising number of baby boomers [2] - The industry is experiencing accelerated technology adoption, although rising mortality trends may impact profitability [2] Trends Impacting the Industry - The Federal Reserve has lowered interest rates by 25 basis points to a range of 4%-4.25%, with indications of further cuts, which may challenge life insurers as they invest premiums to meet guaranteed obligations [3][4] - Life insurance sales are expected to grow by 2%-6% in 2025, with new annualized premium growth across various life insurance products [3] - Insurers are redesigning products to focus on bundled covers that provide living benefits, reflecting customer preferences [4] Technological Advancements - The U.S. life insurance market is shifting towards digital platforms, with insurers leveraging AI and machine learning for customized coverages and premium calculations [5] - Increased automation is anticipated to enhance premium growth and operational efficiency, while also helping to manage costs [5] Industry Performance - The Zacks Life Insurance industry currently holds a Zacks Industry Rank of 73, placing it in the top 30% of 255 Zacks industries, indicating strong near-term prospects [7][8] - Year-to-date, the Life Insurance industry has underperformed compared to the Finance sector and the S&P 500, with a collective gain of 0.1% against 14.7% and 13.8% respectively [9] Valuation Metrics - The industry is trading at a trailing 12-month price-to-book (P/B) ratio of 1.91X, compared to the S&P 500's 8.7X and the Finance sector's 4.36X [11] Company Highlights - **Aviva**: Expected earnings growth of 23.6% and 13.2% for 2025 and 2026 respectively, with a strong performance across all business lines [16][17] - **Primerica**: Anticipated earnings growth of 8.1% and 8.5% for 2025 and 2026, benefiting from strong demand for protection products [20][21] - **Lincoln Financial**: Projected earnings growth of 5.8% and 3.2% for 2025 and 2026, supported by a recovering Group Protection business [24][25] - **Voya Financial**: Expected earnings growth of 26.3% for 2025, driven by a focus on high-growth, capital-light businesses [28][29] - **Jackson Financial**: Anticipated earnings growth of 8.8% and 8.6% for 2025 and 2026, with a strong focus on diversified product sales [32][33]

Group 1 - Jackson Financial (JXN) stock increased by 2.88% to $99.58, outperforming the S&P 500 which gained 0.48% [1] - Over the past month, JXN's stock rose by 0.52%, lagging behind the Finance sector's gain of 2.95% and the S&P 500's gain of 2.46% [1] Group 2 - Jackson Financial is expected to report an EPS of $5.23, reflecting a 13.7% increase from the same quarter last year, with projected net sales of $1.87 billion, up 6.63% year-over-year [2] - Full-year estimates predict earnings of $20.44 per share and revenue of $7.24 billion, indicating year-over-year changes of +8.78% for earnings and -20.8% for revenue [3] Group 3 - Recent revisions to analyst forecasts for Jackson Financial are important as they indicate changing business trends, with positive revisions suggesting an optimistic outlook [4] - Estimate changes are linked to stock price performance, and the Zacks Rank system, which incorporates these changes, provides actionable ratings [5] Group 4 - Jackson Financial has a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] - The company is trading at a Forward P/E ratio of 4.74, significantly lower than the industry average of 10.37, indicating it is trading at a discount [7] Group 5 - The Insurance - Life Insurance industry, part of the Finance sector, holds a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the importance of industry rankings [8]

Core Viewpoint - Jackson Financial (JXN) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are crucial for predicting near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4]. Company-Specific Insights - The upgrade for Jackson Financial reflects an improvement in its underlying business, suggesting that investor sentiment may drive the stock price higher [5]. - Jackson Financial is projected to earn $20.44 per share for the fiscal year ending December 2025, with no year-over-year change, but the Zacks Consensus Estimate has increased by 5.9% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7]. - The upgrade to Zacks Rank 2 places Jackson Financial in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].