Jackson(US:JXN)2023-11-09 15:15Capital 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]