Record Growth in RILA and Fixed Annuity Sales
RILA account balances increased by nearly 80% from the second quarter last year and 26% since year-end 2024. RILA sales approached $1.4 billion, up 16% from the previous quarter. Total Retail Annuity sales were $4.4 billion, representing a 9% increase over the first quarter and a 4% increase year-over-year.
Strong Capital Position and Shareholder Returns
Total adjusted capital exceeded $5.3 billion, up from the first quarter and a 5% increase since year-end 2024. $447 million in share repurchases and common shareholder dividends through the first 6 months, a 41% increase from last year.
Improved Variable Annuity Net Outflows
Variable annuity net outflows improved for the second consecutive quarter and returned to 2023 levels. Total retail annuity net outflows were $2.2 billion in the second quarter, down 27% from a year ago and down 39% from the first quarter.
Recognition for Product Innovation
Jackson was recognized in Barron's Annual 100 Best Annuities Guide with 3 products featured across 5 categories.
Strong Financial Performance
Adjusted operating earnings were $350 million, supported by the expansion of RILA and fixed annuity blocks and higher yields in the bond portfolio. Book value per diluted share increased by 3% to $155.11.