Jackson Financial Inc. announced its first quarter 2025 financial results on May 7, 2025, reporting adjusted operating earnings of $376 million, or $5.10 per diluted share. This marks an increase from $334 million, or $4.23 per diluted share, in the first quarter of 2024. The growth was primarily driven by higher spread income from increased RILA assets under management and higher fee income.
The company achieved a 9% year-over-year growth in total retail annuity sales, reaching $4.0 billion in the first quarter of 2025, up from $3.7 billion in the prior year period. This growth was observed across all product lines, with traditional variable annuity sales at $2.7 billion, RILA sales at $1.2 billion, and fixed and fixed index annuity sales at $174 million.
Jackson National Life Insurance Company's statutory total adjusted capital (TAC) increased to $5.2 billion as of March 31, 2025, and its estimated RBC ratio stood at a robust 585%. The company generated $213 million in free cash flow during the quarter and returned $231 million to common shareholders, demonstrating strong capital generation and commitment to shareholder value.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.