Group 1: Stock Performance - Jackson Financial (JXN) increased by 2.22% to $99.02, outperforming the S&P 500's daily gain of 0.85% [1] - Over the last month, JXN's shares rose by 0.48%, lagging behind the Finance sector's gain of 2.7% and the S&P 500's gain of 2.38% [1] Group 2: Earnings Expectations - Jackson Financial is expected to report an EPS of $5.23, reflecting a 13.7% increase from the prior-year quarter [2] - Revenue is anticipated to be $1.87 billion, showing a 6.63% increase compared to the year-ago quarter [2] Group 3: Full-Year Estimates - Full-year Zacks Consensus Estimates project 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] - Recent changes to analyst estimates for Jackson Financial may indicate short-term business trends and analyst optimism [3] Group 4: Zacks Rank and Valuation - The Zacks Rank system rates Jackson Financial at 2 (Buy), with a historical average annual gain of +25% for 1 stocks since 1988 [5] - Jackson Financial's Forward P/E ratio is 4.74, which is a discount compared to the industry average Forward P/E of 10.32 [6] Group 5: Industry Ranking - The Insurance - Life Insurance industry, part of the Finance sector, has a Zacks Industry Rank of 72, placing it in the top 30% of over 250 industries [6] - Top-rated industries outperform the bottom half by a factor of 2 to 1 [7]

Group 1 - The article introduces investment logic focused on securities priced for redemption, specifically highlighting Jackson Financial Inc. Dep Shares [1] - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1] - The article emphasizes the importance of community engagement among active investors through a chat room for discussion and sharing insights [1] Group 2 - The article does not provide specific financial performance data or metrics related to Jackson Financial Inc. or the broader market [2] - There is a disclosure regarding the author's beneficial long position in Jackson Financial shares, indicating a vested interest in the company's performance [1]

Group 1: Antero Midstream - Antero Midstream is a leading provider of integrated and customized midstream services with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Antero Midstream's current year earnings increased by 2.1% over the last 60 days [1] - Antero Midstream's shares gained 27.9% over the last three months, outperforming the S&P 500's gain of 14.2% [2] - The company possesses a Momentum Score of A [2] Group 2: Jackson Financial - Jackson Financial is a U.S. retirement services provider with a diverse portfolio of differentiated products and a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Jackson Financial's current year earnings increased by 5.9% over the last 60 days [2] - Jackson Financial's shares gained 17.6% over the last three months, also outperforming the S&P 500's gain of 14.2% [3] - The company possesses a Momentum Score of A [3] Group 3: Talen Energy Corporation - Talen Energy Corporation owns and operates power infrastructure primarily in the United States and has a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Talen Energy's current year earnings increased by 7.6% over the last 60 days [3] - Talen Energy's shares gained 150.3% over the last three months, significantly outperforming the S&P 500's gain of 14.2% [4] - The company possesses a Momentum Score of B [4]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced stocks [2] Group 3: Jackson Financial (JXN) Analysis - Jackson Financial (JXN) has shown a four-week price change of 8.2%, indicating growing investor interest [3] - Over the past 12 weeks, JXN's stock gained 13.7%, and it has a beta of 1.46, suggesting it moves 46% more than the market [4] - JXN has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - JXN is trading at a Price-to-Sales ratio of 0.91, suggesting it is undervalued at 91 cents for each dollar of sales [6] Group 4: Additional Investment Opportunities - Besides JXN, there are other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens to help investors find winning stock picks based on their investing style [8]

Financial Data and Key Metrics Changes - Adjusted operating earnings for the second quarter were $350 million, supported by strong performance from spread products and higher yields in the bond portfolio [17][19] - Total adjusted capital exceeded $5.3 billion, reflecting a 5% increase since year-end 2024 [12][34] - Adjusted operating earnings per share was $4.87, with an adjusted figure of $5.12, up 5% from the prior year's second quarter [19][20] Business Line Data and Key Metrics Changes - Retail annuity sales reached $4.4 billion, a 9% increase over the first quarter and a 4% increase year-over-year [7][10] - RILA account balances increased by nearly 80% from the second quarter last year, with sales approaching $1.4 billion, up 16% from the previous quarter [6][7] - Variable annuity net outflows improved for the second consecutive quarter, totaling $2.2 billion, down 27% from a year ago [10][22] Market Data and Key Metrics Changes - Average retail annuity AUM increased to $249 billion, up from year-end 2024 [24] - The company experienced a 9.4% return on separate account assets, contributing approximately $19 billion to AUM [45] Company Strategy and Development Direction - The company remains committed to a balanced capital management strategy, focusing on disciplined investments, maintaining a strong balance sheet, and consistent capital return to shareholders [15][14] - Jackson is exploring opportunities for strategic partnerships and risk transfer transactions to enhance shareholder value [50][53] - The company aims to leverage Brook Re for potential M&A opportunities, enhancing capital generation and free cash flow [72][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong and sustainable capital generation supporting future growth initiatives and ongoing capital return to shareholders [12][13] - The need for financial security in retirement is increasingly recognized, positioning annuities as essential tools for clients [15][16] Other Important Information - The company returned $216 million to common shareholders in the quarter, a 60% increase from the previous year [32] - A cash dividend of $0.80 per common share was approved for the third quarter [14] Q&A Session Summary Question: Excess capital position and potential uses - Management reiterated the philosophy of generating excess capital, paying it as free cash flow, and returning capital to shareholders [40][42] Question: AUM levels and equity market impact - Strong equity market performance contributed to AUM growth, with solid margins expected despite some variable expense offsets [44][46] Question: Strategic considerations for business remixing - Management is open to strategic partnerships and risk transfer opportunities that enhance shareholder value [50][53] Question: RILA product features and competition - RILA sales increased 16% sequentially, with a competitive product offering that includes income options [60] Question: Risk management of RILA and legacy VA - The company manages RILA and legacy VA products separately, leveraging natural offsets in equity risk [70] Question: Potential for inorganic growth using Brook Re - Management confirmed that Brook Re could be leveraged for M&A opportunities, particularly in acquiring complementary blocks of business [72][80]

Financial Data and Key Metrics Changes - Adjusted operating earnings for the second quarter were $350 million, supported by strong performance from spread products and higher yields in the bond portfolio [17][19] - Adjusted operating earnings per share was $4.87, with an adjusted figure of $5.12 after accounting for notable items, reflecting a 5% increase from the previous year [20] - Total adjusted capital exceeded $5.3 billion, a 5% increase since year-end 2024, with risk-based capital estimated at 566% [13][34] Business Line Data and Key Metrics Changes - Retail annuity sales reached $4.4 billion, a 9% increase from the first quarter and a 4% increase year-over-year, driven by RILA and fixed annuity sales [7][19] - RILA account balances increased by nearly 80% year-over-year, with sales approaching $1.4 billion, up 16% from the previous quarter [6][20] - Variable annuity net outflows improved, totaling $2.2 billion, down 27% year-over-year and 39% from the first quarter [11][19] Market Data and Key Metrics Changes - Average retail annuity AUM grew to $249 billion, up from year-end 2024, supported by strong separate account returns [22] - The company experienced a 9.4% return on separate account assets, contributing approximately $19 billion to AUM [45] Company Strategy and Development Direction - The company remains committed to a balanced capital management strategy, focusing on disciplined investments, maintaining a strong balance sheet, and consistent capital returns to shareholders [15][32] - Jackson is exploring opportunities for risk transfer and potential M&A to create new streams of capital generation [55][74] - The company aims to enhance its product offerings and distribution capabilities to meet diverse market needs [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong capital generation and ability to support future growth initiatives while returning capital to shareholders [14][29] - The need for financial security in retirement is emphasized, with a focus on providing flexible protection and income-oriented solutions [15][37] Other Important Information - The company launched a new digital experience for financial professionals to enhance service and support [11][12] - Jackson was recognized in Barron's annual 100 Best Annuities Guide, highlighting its commitment to product innovation [12] Q&A Session Summary Question: Excess capital position and potential uses of capital - Management reiterated the philosophy of generating excess capital first, then returning it to shareholders while maintaining a strong balance sheet [41][43] Question: AUM levels and equity market impact on earnings - Strong equity market performance contributed to AUM growth, with expectations of solid margins despite some variable expense components [45][46] Question: Strategic considerations for business remixing and risk transfer - Management is open to strategic partnerships and risk transfer opportunities that enhance shareholder value while maintaining a diversified product mix [50][55] Question: RILA product features and competition - RILA sales momentum is strong, with competitive offerings including income options, positioning the company well in the market [61][62] Question: Managing RILA and legacy VA risk - The company manages RILA and legacy VA business separately, leveraging natural offsets in equity risk for efficiency [72] Question: Potential for inorganic growth using Brook Re - Management sees opportunities to leverage Brook Re for M&A transactions, enhancing capital generation and free cash flow [74][83]

Financial Performance - GAAP earnings reached $168 million, translating to $234 per share[8,9,10,11] - Adjusted Operating Earnings, a non-GAAP measure, amounted to $350 million, or $487 per share[11] - Free cash flow stood at $290 million[11] - The company returned $216 million to shareholders through dividends and share repurchases[11] Capital & Liquidity - Jackson National Life Insurance Company (JNLIC) estimated risk-based capital (RBC) ratio was 566%[11] - Holding company cash and highly liquid securities exceeded $700 million[15] Sales & Flows - Retail annuity sales increased by 9% compared to the first quarter of 2025[12,13] - Fixed and fixed index annuity sales totaled $470 million[30] Investment Portfolio - The investment portfolio totaled $49 billion under U S GAAP[62] - The statutory investment portfolio totaled $48 billion[67]

Core Insights - Jackson Financial (JXN) reported a revenue of $1.75 billion for the quarter ended June 2025, reflecting a 37.5% decrease year-over-year and a slight miss of 0.4% against the Zacks Consensus Estimate of $1.76 billion [1] - The earnings per share (EPS) for the quarter was $4.87, down from $5.32 in the same quarter last year, but exceeded the consensus EPS estimate of $4.61 by 5.64% [1] Revenue Breakdown - Net investment income was reported at $718 million, surpassing the average estimate of $510.28 million by two analysts, but showing a 4% decline year-over-year [4] - Other income reached $16 million, exceeding the average estimate of $12.5 million and representing a significant year-over-year increase of 60% [4] - Premium revenue was $40 million, slightly above the average estimate of $39.85 million, marking an 8.1% increase compared to the previous year [4] - Fee income totaled $1.94 billion, significantly higher than the average estimate of $1.2 billion, but down 3.3% from the year-ago quarter [4] Adjusted Earnings Before Tax - Adjusted earnings before tax for Retail Annuities were $417 million, slightly above the average estimate of $410.27 million [4] - Corporate and Other reported an adjusted earnings before tax of -$52 million, which was worse than the average estimate of -$50.75 million [4] - Closed Life and Annuity Blocks had adjusted earnings before tax of $22 million, below the average estimate of $24.68 million [4] - Institutional Products reported adjusted earnings before tax of $19 million, in line with the average estimate of $19.12 million [4] Stock Performance - Over the past month, shares of Jackson Financial have returned -3.8%, contrasting with a +1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near term [3]

分组1 - Jackson Financial reported quarterly earnings of $4.87 per share, exceeding the Zacks Consensus Estimate of $4.61 per share, but down from $5.32 per share a year ago, representing an earnings surprise of +5.64% [1] - The company posted revenues of $1.75 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.4%, and down from $2.8 billion year-over-year [2] - Jackson Financial shares have underperformed the market, losing about 2.8% since the beginning of the year compared to the S&P 500's gain of 7.6% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $5.10 on revenues of $1.83 billion, and for the current fiscal year, it is $20.14 on revenues of $7.18 billion [7] - The Zacks Industry Rank for Insurance - Life Insurance is currently in the top 15% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Jackson Financial has a Zacks Rank 1 (Strong Buy), suggesting that the shares are expected to outperform the market in the near future [6]

Core Viewpoint - Jackson Financial Inc. (NYSE: JXN) has shown strong performance over the past year, with a stock price increase of 24% [1] Group 1: Stock Performance - Despite the 24% increase, JXN's stock remains significantly below its post-election high [1] - The stock experienced a brief drop on Liberation Day, but has since recovered [1] Group 2: Analyst Insights - The analyst has over fifteen years of experience in making contrarian bets based on macro views and stock-specific turnaround stories [1] - The focus is on achieving outsized returns with a favorable risk/reward profile [1]