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Jackson Financial Incorporation (JXN)
NYSE:JXN
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
6.05Last Year’s EPS
5.1Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized substantial operational and financial progress: record retail annuity sales (notably RILA and new FIA), strong adjusted operating earnings and EPS growth, robust free capital generation (> $1 billion for the second year), improved ROE and book value per share, and an accretive strategic partnership with TPG that strengthens asset sourcing and growth potential. Offsetting these positives were notable quarter-specific non-operating headwinds: large net hedge and MRB losses driven by implied volatility, a sizable reserve/embedded derivative charge, and an unfavorable actuarial assumption update (primarily lapses). Management framed the non-operating impacts as largely volatility-driven and manageable given strong capital metrics (RBC 567%, solid holding company liquidity) and reiterated higher 2026 targets for free capital generation and capital return. Weighing the breadth and magnitude of the company's operational gains, capital strength and strategic initiatives against the identifiable but described-as-manageable hedge/reserve pressures, the highlights materially outweigh the lowlights.Company Guidance
Record Retail Annuity Sales and Diversification
Retail annuity sales were nearly $20 billion for the full year (highest since 2019). RILA sales set a Q4 record at nearly $2.3 billion (Q4 +53% YoY, +10% sequential) and rose 22% for the full year. RILA account value reached $20 billion at year-end (up 74% YoY and 14% vs Q3). Fixed and fixed index annuity (FIA) sales contributed $812 million in Q4, broadening the new business mix.
Strong Earnings and EPS Growth
Adjusted operating earnings were $455 million in Q4. Adjusted operating EPS was $6.61 (after notable items $6.43), a 33% increase versus last year's fourth quarter. Full-year adjusted operating earnings grew nearly 12%, and adjusted operating earnings per share grew over 20% for the full year.
Robust Capital Generation and Free Cash Flow
Free capital generation exceeded $1 billion for the second consecutive year and free capital generation totaled nearly $1.4 billion for the full year. Free cash flow at the holding company was $838 million for the year, representing a free cash flow yield of ~12% based on year-end market capitalization.
Material Capital Return to Shareholders
Jackson returned $862 million to common shareholders in 2025 (above the top end of the disclosed range). Q4 common shareholder return was $205 million, a 51% increase from the prior year quarter on a per diluted share basis. The Board increased the quarterly dividend to $0.90 per share (nearly +13%).
Improved Capital and Liquidity Metrics
Holding company liquidity ended the quarter above $650 million ($691 million). Jackson's RBC ratio was 567% at year-end. Adjusted book value per share increased 4% to $155.78. Adjusted operating return on common equity improved to 14.7% from 12.9% in 2024.
Strategic Partnership and Capital Infusion from TPG
Closed a long-term strategic partnership with TPG that delivered $650 million of value and issuance of $500 million of common stock (~4.7 million shares) at an effective premium of 30%. Management expects the partnership to accelerate growth in spread-based businesses and support asset sourcing.
Expanded Product and Distribution Momentum
New product launches (RILA 3.0 and Jackson Income Assurance FIA) drove record sales, deeper broker/dealer relationships and broadened distribution. Fee-based advisory sales reached a record $1.5 billion for 2025.
Operating Company Distributions and Capital Targets Raised
Distributed over $1.1 billion from the operating company to the holding company (a 27% increase vs 2024). Management established a new 2026 free capital generation target of at least $1.2 billion and increased 2026 capital return target to $900 million–$1.1 billion (+16% vs 2025 actual).
Brooke Re: Resilient Reinsurer Capitalization and Structure
Brooke Re started 2025 with ~ $2.1 billion of capital, generated $27 million of capital pre-assumption review for the year, and remained capitalized well above internal and regulatory thresholds at year-end (reported equity ~ $1.7 billion before Hickory Re capitalization, rising to just under $1.9 billion after ~$150 million Hickory Re capitalization). Management reports Brooke Re remains capitalized near the 98th percentile of modeled outcomes.
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 |
|---|---|---|---|
Feb 18, 2026 | $116.93 | $113.74 | -2.73% |
Nov 04, 2025 | $99.75 | $92.91 | -6.85% |
Aug 05, 2025 | $85.07 | $91.20 | +7.22% |
May 07, 2025 | $80.95 | $82.67 | +2.13% |
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 (JXN) report earnings?
Jackson Financial Incorporation (JXN) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Jackson Financial Incorporation (JXN) earnings time?
Jackson Financial Incorporation (JXN) earnings time is at May 12, 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 (Q1) is 6.05.