Financial Data and Key Metrics - Net income was a loss for Q3 but positive over the first 9 months, with reduced volatility due to the formation of Brook Re [7] - Adjusted operating earnings increased by 11% YoY in Q3, driven by higher fee income and investment spread income [17] - Assets under management grew by 9% YoY to over $250 billion, supported by favorable equity markets and increased sales [7] - After-tax capital generation reached $462 million in Q3 and over $1 billion for the first 9 months of 2024 [12] - Holding company cash approached $650 million, including a $300 million distribution from Jackson National Life [12] - Capital return to shareholders was $167 million in Q3, with a year-to-date total of $483 million [13][37] Business Line Performance - Total retail annuity sales exceeded $5 billion in Q3, up 59% YoY and 25% QoQ, marking the highest and most diversified quarter since becoming independent [8] - RILA segment achieved record sales of $1.6 billion in Q3, bringing year-to-date sales to over $4 billion [9] - Traditional variable annuity sales were $2.6 billion in Q3, up 6% YoY, benefiting from favorable equity markets [10] - Fixed and fixed indexed annuity sales reached $1 billion in Q3, driven by targeted distribution partnerships and interest rate monitoring [11] Market Performance - The company expanded its distribution network, making Jackson Market Link Pro II available to approximately 5,000 financial professionals with JPMorgan Wealth Management [9] - The company reengaged in the fixed annuity market, delivering $1 billion in spread sales in Q3, contributing to diversification and growth [11] Strategic Direction and Industry Competition - The company emphasized its focus on product innovation, risk management, and strong distribution partnerships to sustain growth [7] - The introduction of Principal Guard GMAB to the Elite Access variable annuity suite highlights the company's commitment to flexible protection and income-oriented solutions [10] - The company expects to remain active in the spread business while maintaining a disciplined approach to capital management [11] Management Commentary on Operating Environment and Future Outlook - Management highlighted the benefits of Brook Re, which has improved capital stability and reduced volatility in GAAP income [7][22] - The company is on track to meet its annual financial targets for the fourth consecutive year, with an estimated RBC ratio of 550% to 570% [15] - Management expressed confidence in the company's ability to continue delivering strong capital generation and shareholder returns [39] Other Important Information - The company announced a common stock dividend of $0.70 per share for Q4 2024 and repurchased $48 million of common shares, leaving an outstanding share repurchase authorization of approximately $684 million [13] - The company's adjusted book value per diluted share increased by 10% YoY to $149.29, driven by strong operating performance and share repurchases [19] Q&A Session Summary Question: Strong statutory earnings and capital generation - The company expects to continue periodic distributions of capital, with potential increases in capital return for 2025 [47][49] - RILA pricing is done on a stand-alone basis, without considering the diversification benefit from traditional VA business [50] Question: Brooke Re performance and capital movement - Brooke Re has shown growth in equity and is expected to be capital generative over time, with no near-term plans to take capital out [45][53] - The company has a strong buffer in Brooke Re, with significant market events required to impact capital [60][63] Question: Fixed and FIA sales and returns - Fixed annuity sales are driven by favorable demographics, demand for protection, and the integration of annuity solutions into financial planning tools [68][70] - The company is comfortable with the profitability of fixed annuities, which are at the lower end of the return range compared to VAs and RILAs [73] Question: Hedging and market risk benefits - Hedging losses in Q3 were primarily due to interest rate and equity market impacts, with a negative offset from net market risk benefits [24][57] - The company monitors internal risk levels and believes it is well-positioned to handle significant market events [59][65]

Core Viewpoint - Jackson Financial reported quarterly earnings of $4.60 per share, missing the Zacks Consensus Estimate of $4.66 per share, but showing an increase from $3.80 per share a year ago, indicating a year-over-year growth despite the earnings miss [1][2] Financial Performance - The company posted revenues of $1.75 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.12%, but down from $2.61 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 increased approximately 96.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $4.56 for the coming quarter and $18.79 for the current fiscal year, alongside expected revenues of $1.73 billion and $6.87 billion respectively [7] - The estimate revisions trend for Jackson Financial is currently favorable, leading to a Zacks Rank 1 (Strong Buy), suggesting that the shares are expected to outperform the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Jackson Financial belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a positive outlook for stocks within this sector [8]

Core Viewpoint - Jackson Financial (JXN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2][4]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [3][5]. - For the fiscal year ending December 2024, Jackson Financial is projected to earn $18.79 per share, reflecting a 46.3% increase from the previous year [7]. - Over the past three months, the Zacks Consensus Estimate for Jackson Financial has risen by 8.4% [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [8][9].

Company Performance - Jackson Financial's stock closed at $102.77, reflecting a +0.78% change from the previous trading day, outperforming the S&P 500's loss of 0.33% [1] - Over the last month, the company's shares have increased by 12.99%, significantly surpassing the Finance sector's loss of 5.18% and the S&P 500's gain of 1.83% [1] Upcoming Earnings - The upcoming earnings report for Jackson Financial is scheduled for November 6, 2024, with an expected EPS of $4.66, representing a 22.63% increase from the prior-year quarter [2] - Revenue is projected to be $1.73 billion, which is a decrease of 33.55% from the prior-year quarter [2] Full Year Estimates - For the full year, analysts expect earnings of $18.79 per share and revenue of $6.87 billion, indicating increases of +46.34% and +117.46% respectively from the previous year [3] Analyst Sentiment - Recent changes to analyst estimates for Jackson Financial suggest a positive outlook on the company's business operations and profit generation capabilities [4] - Upward revisions in estimates are typically associated with favorable stock price performance [5] Zacks Rank and Valuation - Jackson Financial currently holds a Zacks Rank of 2 (Buy), with a consensus EPS projection that has increased by 1.6% in the past 30 days [6] - The company is trading at a Forward P/E ratio of 5.43, which is a discount compared to its industry's Forward P/E of 11.69 [7] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 87, placing it in the top 35% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - Jackson Financial (JXN) has consistently surpassed earnings estimates, averaging a 19.20% beat over the last two quarters [1][3] - The company reported earnings of $5.32 per share for the most recent quarter, exceeding the expected $4.32 by 23.15%, and previously reported $4.23 against an estimate of $3.67, a 15.26% surprise [2] Earnings Estimates - Recent changes in earnings estimates for Jackson Financial have been favorable, with a positive Earnings ESP indicating a strong likelihood of another earnings beat [3][6] - The current Earnings ESP for Jackson Financial is +0.44%, reflecting increased analyst optimism about the company's earnings prospects [6] Zacks Rank and Predictive Power - Jackson Financial holds a Zacks Rank of 2 (Buy), which, combined with a positive Earnings ESP, suggests a high probability of beating earnings estimates [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [4]

Shares of Jackson Financial (NYSE: JXN ) have been a tremendous performer over the past year, more than doubling. Shares have even recovered their dip during market volatility in late July/early August and are back within 5% of a 52-week high. I have Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, jus ...

It was yet another banner quarter for annuity. According to LIMRA , US annuity sales soared 26% in Q2 to $109.9 billion, driven by a mix of traditional and more complex products. For the first half of the year, sales were up 20% from Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a na ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Jackson Financial (JXN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Jackson Financial is one of 860 individual stocks in the Finance sector. Collec ...

From a technical perspective, Jackson Financial (JXN) is looking like an interesting pick, as it just reached a key level of support. JXN recently overtook the 50-day moving average, and this suggests a short-term bullish trend. The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend. Share ...

For the quarter ended June 2024, Jackson Financial (JXN) reported revenue of $2.8 billion, up 583.7% over the same period last year. EPS came in at $5.32, compared to $3.34 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.71 billion, representing a surprise of +63.62%. The company delivered an EPS surprise of +23.15%, with the consensus EPS estimate being $4.32. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...