Jackson Financial Incorporation Class A (JXN)
NYSE:JXN
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.62Last Year’s EPS
4.87Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: capital, liquidity, free cash flow, and diversified product sales (notably RILA and FIA) showed strong improvement and management reiterated confidence in meeting 2026 targets. Headwinds were largely identifiable, one-time, or related to market/portfolio timing — including a $101 million hedge loss concentrated in the variable annuity business, below-assumption limited partnership results, elevated claims from a data-cleanup initiative, and modest fee-income timing effects. On balance, the highlights (capital strength, double-digit earnings growth ex-notables, robust product sales, rising free cash flow, and strengthened investment capabilities via PPM/TPG) outweigh the lowlights, which are described as manageable or transitory.Company Guidance
Capital Strength and Liquidity
Total adjusted capital of $5.5 billion, up nearly 5% year-over-year; estimated RBC ratio ~554%, well above minimum target; holding company liquidity nearly $650 million; combined available liquidity (holdco cash + PCAPS + undrawn revolver) ~ $3 billion; operating company liquidity > $35 billion including $7 billion in cash and U.S. Treasuries.
Strong Operating Earnings and ROE Improvement
Reported pretax adjusted operating earnings of $430 million ($503 million excluding notable items), with ex-notables earnings up 12% year-over-year; adjusted operating EPS (ex-notables, tax-normalized) $5.94, an 18% increase year-over-year; adjusted operating return on equity 14.8% (TTM) vs 13.2% prior-year period.
Robust Free Cash Flow and Capital Returns
Free cash flow at the holding company totaled $288 million in the quarter, up 35% year-over-year; free capital generation was $271 million in Q1 with a full-year target of $1.2 billion; distributed $288 million from the operating company to the holding company; returned $257 million to common shareholders in the quarter (reported as an 11% increase year-over-year and a 17% year-over-year increase on a per diluted share basis).
Strong Retail Annuity and Product Sales Momentum
Retail annuity sales increased 31% year-over-year to $5.3 billion (no internal exchanges); RILA sales reached $2.0 billion in the quarter, +68% year-over-year, and RILA AUM exceeded $21 billion (company is now the industry's #3 RILA provider); fixed annuity and FIA sales were ~$750 million (vs $174 million a year ago), a >300% year-over-year increase; spread-based products represented ~52% of total retail sales.
Improved Net Flows and Lower Outflows
Non-variable annuity net inflows of $2.5 billion in Q1 driven by RILA and spread product sales; net outflow dynamics improved — net outflows improved 30% year-over-year and decreased nearly 6% sequentially — reflecting strong RILA inflows and lower variable annuity surrenders/withdrawals.
Enhanced Investment Capabilities via PPM and TPG Partnership
PPM America oversees approximately $95 billion AUM (manages $59 billion of company assets and $36 billion third-party AUM); strategic partnership with TPG initiated mid-quarter with capital allocations underway to expand access to asset-based finance and direct lending, supporting higher new-money yields and spread-based product competitiveness.
Conservative, Diversified Investment Portfolio
Fixed maturity portfolio market-to-book ~95%; U.S. Treasuries ~6% of fixed maturities; below-investment-grade exposure ~1% of portfolio; private debt portfolio predominantly investment-grade (99%) and 63% traditional private placements — portfolio positioned conservatively to support stability and capital durability.
Hedging Program Improvements and Brook Re Resilience
Shift to a more economic hedging approach has improved consistency of hedging outcomes and capital generation; Brook Re capitalization remains well above internal risk targets and regulatory minimums; RILA and FIA hedges generated modest gains in the quarter, supporting overall capital stability despite a VA-focused hedge loss.
JXN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JXN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $108.47 | $114.90 | +5.93% |
Feb 18, 2026 | $115.92 | $112.76 | -2.73% |
Nov 04, 2025 | $98.89 | $92.11 | -6.85% |
Aug 05, 2025 | $84.33 | $90.42 | +7.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Jackson Financial Incorporation Class A (JXN) report earnings?
Jackson Financial Incorporation Class A (JXN) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Jackson Financial Incorporation Class A (JXN) earnings time?
Jackson Financial Incorporation Class A (JXN) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JXN EPS forecast?
JXN EPS forecast for the fiscal quarter 2026 (Q2) is 5.62.