Record Distributions to Holding Company
Jackson National Life's distributions to the holding company reached $875 million, the highest annual level in the company's history.
Strong Retail Annuity Sales Growth
Retail annuity sales increased 39% year over year, reaching $18 billion, driven by diversified product sales and growing distribution.
Robust Capital Return and Liquidity
Capital return to common shareholders increased 36%, excluding the $700 million distribution used to establish Brook Re. Additionally, the company maintained more than $700 million of highly liquid assets at the holding company.
Positive Adjusted Operating Earnings
Adjusted operating earnings for Q4 2024 were $349 million, up 71% from the previous year, mainly due to higher fee income from variable annuity assets and higher earnings on spread products.
Increased Dividend and Share Buyback Program
The board approved a fourth dividend increase to $0.80 per common share, a 14% increase over the prior year's quarterly dividend level.
Successful Hedging Program
The more economic hedging approach led to a net hedge gain of $285 million for the full year, providing more stability in non-operating results and capital generation.
Healthy Capital Generation
Free capital generation exceeded $1.3 billion in 2024, with statutory capital generation of more than $1.7 billion.