Jackson Financial Inc (FRA:8WF)

Q3 2025 Jackson Financial Inc Earnings Call Transcript

Nov 5, 2025 / 04:00 PM GMT

Release Date Price: €86.4 (+2.52%)

Transcript 10-Q8-K

Key Points

Positve

Jackson Financial Inc (JXN) reported a 20% increase in adjusted operating earnings, reaching $433 million, driven by strong performance in the retail annuities business.
Retail annuity sales hit a record high of over $5 billion for the quarter, with significant contributions from RILA and traditional variable annuities.
The company's RILA product suite saw record sales of $2 billion, accounting for 38% of overall retail annuity sales, highlighting successful product innovation.
Jackson Financial Inc (JXN) returned $210 million to shareholders in the third quarter, with a year-to-date total of $657 million, indicating strong capital return capabilities.
The company's risk-based capital ratio remained robust at 579%, well above the targeted minimum level of 425%, showcasing strong capital management.

Negative

Variable annuity net outflows have been elevated, influenced by the aging of policyholders and past sales years coming out of the surrender period.
The company experienced a modest net hedging loss due to underperformance of separate accounts relative to certain hedging indices.
There was a $14 million net loss on hedging instruments supporting variable annuity and RILA businesses, primarily due to equity market movements.
The closed block segment, although small, requires monitoring and does not significantly contribute to the company's overall financial performance.
Higher surrender rates were observed in the third quarter, influenced by strong equity market returns, which could impact future cash flows.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JXN.N - Jackson Financial Inc
Q3 2025 Jackson Financial Inc Earnings Call
Nov 05, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone and welcome to the Jackson Financial Inc. 3Q 25 earnings call. My name is Charlie and I'll be coordinating the call today. You'll have the opportunity to ask a question at the end of the presentation. If you'd like to register a question, please press star, followed by one on your telephone keypads.

I'll now hand the call over to our host Liz Werner, head of investor relations, to begin. Liz, please.

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Unidentified_2 [2]
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Go ahead. Good morning, everyone, and welcome to Jackson's 3rd quarter 2025 earnings call.

Today's

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