Earnings summaries and quarterly performance for Jackson Financial.
Executive leadership at Jackson Financial.
Laura Prieskorn
Detailed
Chief Executive Officer and President
CEO
CC
Carrie Chelko
Detailed
Executive Vice President and General Counsel
CR
Chris Raub
Detailed
President, Jackson National Life Insurance Company
CS
Craig Smith
Detailed
President and CEO, PPM America, Inc.
DC
Don Cummings
Detailed
Executive Vice President and Chief Financial Officer
PB
Pam Bottles
Detailed
Interim Chief Actuary
SR
Scott Romine
Detailed
President and CEO, Jackson National Life Distributors LLC
SB
Steve Binioris
Detailed
Executive Vice President and Chief Risk Officer
Board of directors at Jackson Financial.
Research analysts who have asked questions during Jackson Financial earnings calls.
Ryan Krueger
KBW
6 questions for JXN
Also covers: AFL, AMP, ASGN +14 more
Suneet Kamath
Jefferies
6 questions for JXN
Also covers: AFL, AMP, BHF +12 more
TG
Thomas Gallagher
Evercore
6 questions for JXN
Also covers: AFL, AMP, BHF +13 more
Alex Scott
Barclays PLC
4 questions for JXN
Also covers: ACGL, AFL, AIG +29 more
Recent press releases and 8-K filings for JXN.
Jackson Financial Inc. Announces Strategic Partnership with TPG and Formation of Hickory Re
JXN
Partnerships / Collaborations
New Projects/Investments
Product Launch
- Jackson Financial Inc. (JFI) has announced a long-term strategic partnership with TPG, which includes a $500 million common equity investment from TPG into JFI for an approximate 6.5% stake at $106.03 per share.
- As part of the agreement, JFI will receive $150 million in TPG common stock at $65.82 per share, and the partnership is expected to enhance JFI's investment returns through access to Investment Grade Asset Based Finance and Direct Lending.
- JFI has also established Hickory Re, a new Michigan-based captive reinsurer, with an initial capitalization of $650 million (comprising $500 million from TPG's investment and $150 million from JFI) to support fixed and fixed index annuity sales.
- These strategic initiatives are anticipated to enhance spread-based product sales, diversification, and profitability, and are expected to be accretive to Adjusted Operating EPS (non-GAAP) in 2027.
- The investment management agreement with TPG has a 10-year initial term, targeting $4 billion in AUM by the end of year 2 and $12 billion by the end of year 5.
2 days ago
Jackson Financial Announces Strategic Partnership with TPG and Formation of Hickory Re
JXN
New Projects/Investments
Equity Issuance
Guidance Update
- Jackson Financial Inc. (JFI) has announced a long-term strategic partnership with TPG, a global alternative asset manager, which includes TPG investing $500 million in JFI Common Shares for an approximate 7% ownership interest. Jackson will receive $150 million in TPG Common Shares.
- The partnership involves an investment management agreement committing Jackson to deliver $4 billion of AUM to TPG Credit by the end of the second year and $12 billion by the end of year five for investment-grade asset-based finance and direct lending. This is expected to enhance investment yields and support more competitive spread-based products.
- JFI is forming Hickory Brook Reinsurance Company (Hickory Re), an onshore captive reinsurance entity, to be initially capitalized with $650 million. This capitalization will come from the $500 million TPG investment and $150 million of JFI's excess cash.
- The combined initiatives are designed to enable capital-efficient sales of fixed and fixed index annuity products, with a target of $10-$15 billion of cumulative sales over the next few years. These transactions are estimated to be accretive to adjusted operating EPS in 2027, and free cash flow is projected to exceed full year 2025 levels. The closing is anticipated in the first quarter of 2026.
2 days ago
Jackson Financial Announces Strategic Partnership with TPG and Reinsurance Captive
JXN
New Projects/Investments
Guidance Update
- Jackson Financial Inc. (JXN) has entered into a long-term strategic partnership with TPG, a global alternative asset management firm, to enhance investment capabilities and offer more competitive spread-based products.
- As part of the partnership, TPG will invest $500 million in JFI common shares, representing an approximate 7% ownership interest, and Jackson will receive $150 million in TPG common equity.
- Jackson has committed to deliver $4 billion of AUM by the end of the second year and $12 billion by the end of year five to TPG for management in investment-grade asset-based finance and direct lending strategies.
- Jackson also announced the formation of Hickory Brook Reinsurance Company (Hickory Re), a wholly-owned Michigan-based captive, to be initially capitalized with $650 million to support capital-efficient growth in fixed and fixed index annuity sales.
- These strategic actions are expected to enable $10-$15 billion of cumulative fixed and fixed index annuity sales over the next few years, be accretive to adjusted operating EPS in 2027, and lead to free cash flow exceeding 2025 levels.
2 days ago
Jackson announces strategic partnership with TPG and formation of Hickory Re
JXN
New Projects/Investments
Guidance Update
- Jackson has entered into a long-term strategic partnership with TPG, a global alternative asset management firm, which includes TPG investing $500 million in JFI Common Shares for an approximate 7% ownership interest in Jackson, and Jackson receiving $150 million in TPG Common Shares.
- As part of the partnership, Jackson has committed to deliver $4 billion of Assets Under Management (AUM) by the end of the second year and $12 billion by the end of year five to TPG for investment in asset-based finance and direct lending securities.
- Jackson has formed Hickory Reinsurance Company, a new wholly-owned Michigan-based captive, initially capitalized with $650 million (including $500 million from TPG's investment and $150 million of JFI's excess cash) to support future fixed and fixed index annuity sales and reinsure an existing in-force block of business.
- These actions are expected to be accretive to adjusted operating EPS in 2027 and are anticipated to enhance capital generation and free cash flow, exceeding full year 2025 levels with further growth thereafter.
- Jackson projects the partnership and Hickory Re will provide capacity to write $10-$15 billion of cumulative fixed and fixed index annuity sales over the next few years, and expects growth and capital return to be about 20% above 2025 levels, around $1 billion, including share repurchases and dividends.
2 days ago
Jackson Financial and TPG Announce Investment-Management Partnership
JXN
New Projects/Investments
M&A
- TPG and Jackson Financial have formed a long-term investment-management partnership, with TPG initially managing at least $12 billion of Jackson’s general account assets, with incentives to grow the mandate to as much as $20 billion.
- As part of the deal, TPG will make a $500 million minority investment in Jackson for approximately a 6.5% stake, and Jackson will receive $150 million in TPG stock.
- Jackson is also committing $150 million to a new captive reinsurer created as part of the deal, named Hickory Re.
- The arrangement is expected to be accretive to earnings by 2026 and is anticipated to complete in the first quarter.
2 days ago
Jackson Financial Inc. forms strategic partnership with TPG Inc. and establishes captive reinsurer
JXN
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Jackson Financial Inc. (JXN) has entered into a long-term strategic partnership with TPG Inc. (TPG).
- TPG will make a $500 million common equity investment in Jackson, acquiring approximately 6.5% of its common stock at $106.03 per share. In return, Jackson will receive $150 million in TPG common stock.
- The $500 million cash from TPG's investment and $150 million in excess cash from Jackson will be used to initially capitalize Hickory Brooke Reinsurance Company (Hickory Re), a new Michigan-based captive reinsurer established to support the growth of fixed and fixed index annuity sales.
- TPG will also provide investment management services for Jackson's general account, targeting $12 billion in assets under management (AUM) over five years.
- The partnership is anticipated to close in the first quarter of 2026 and is expected to be accretive to Adjusted Operating EPS in 2027.
2 days ago
Jackson Financial and TPG Announce Strategic Partnership and Equity Investments
JXN
New Projects/Investments
M&A
- Jackson Financial Inc. and TPG Inc. announced a long-term strategic partnership aimed at expanding Jackson's spread-based product sales and enhancing profitability.
- As part of the agreement, TPG will make a $500 million common equity investment in Jackson, acquiring an approximate 6.5% common equity stake, and Jackson will receive $150 million in TPG common stock.
- The capital from TPG's investment, along with $150 million in excess cash from Jackson, will be used to capitalize Hickory Re, a newly established captive reinsurer designed to accelerate sales growth of Jackson's fixed and fixed index annuity products.
- The partnership also includes a non-exclusive investment management arrangement with a 10-year initial term, where TPG will provide Investment Grade Asset Based Finance and Direct Lending capabilities to complement PPM America, Inc.'s asset management. The transaction is anticipated to close in the first quarter of 2026.
2 days ago
Jackson Financial's AM Best Ratings Upgraded
JXN
Debt Issuance
- AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) for Jackson National Life Insurance Company (JNL) and its affiliates to "a+" (Excellent) from "a" (Excellent), and for Jackson Financial Inc. to "bbb+" (Good) from "bbb" (Good).
- The Long-Term Issue Credit Ratings (Long-Term IR) were also upgraded for notes under JNL's funding agreement-backed securities program to "a+" (Excellent) from "a" (Excellent), and for JNL's surplus notes to "a-" (Excellent) from "bbb+" (Good).
- The outlook for the Long-Term ICRs has been revised to stable from positive.
- These upgrades reflect the Jackson National Group's (JNG) continued progress in executing its strategic plan, strong balance sheet strength, and strong operating performance, including favorable GAAP earnings and positive statutory earnings in 2024 and 2025.
Dec 18, 2025, 7:40 PM
Jackson Financial Reports Strong Q3 2025 Earnings and Record Annuity Sales
JXN
Earnings
Dividends
Share Buyback
- Jackson Financial reported strong Q3 2025 results with adjusted operating earnings of $433 million, an increase of over 20% from the prior year, and adjusted operating earnings per share of $6.15, up 27%.
- Retail annuity sales reached a record high of over $5 billion, with RILA sales contributing $2 billion and traditional variable annuities making up over half of sales.
- The company returned $210 million to shareholders in Q3 2025, totaling $657 million year-to-date, and anticipates exceeding its $700-$800 million annual capital return target. This includes a $1 billion increase to the share repurchase authorization and a $0.80 per common share Q4 cash dividend.
- Jackson maintained a robust capital position with an estimated risk-based capital (RBC) ratio of 579%, well above its 425% target, and holding company cash and liquid securities of $751 million.
Nov 5, 2025, 4:00 PM
Jackson Financial Reports Strong Q3 2025 Adjusted Operating Earnings and Capital Returns
JXN
Earnings
Dividends
Share Buyback
- Jackson Financial reported Adjusted Operating Earnings per Diluted Common Share of $6.16 for Q3 2025, contributing to $16.10 for the September YTD 2025 period.
- The company generated $1,124 million in Free Capital Generation through Q3 2025 and expects to exceed its full-year target of $1 billion for 2025.
- Jackson returned $657 million of capital to common shareholders in the first nine months of 2025, anticipating that the full-year capital return will exceed the targeted range of $700-$800 million. The 2025 dividend increased 14% over 2024 to $0.80 per common share.
- As of Q3 2025, Jackson National Life Insurance Company's (JNL) estimated Risk-Based Capital (RBC) ratio was 579%, exceeding the 425% minimum target, and holding company liquidity was over $750 million. RILA Account Value reached $17.8 billion by Q3 2025.
Nov 5, 2025, 4:00 PM
Quarterly earnings call transcripts for Jackson Financial.
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