Jackson Financial (JXN) investor relations material

Executive summary

• Q3 net income attributable to common shareholders was $847 million, or $12.37 per diluted share, versus $65 million and $0.92 a year earlier; adjusted operating earnings were $517 million, or $7.55 per diluted share.

• Record retail annuity sales were $6.527 billion, up 22% YoY, with 58% from spread-based products; Q3 free capital generation was $281 million.

• Nine-month adjusted operating earnings reached $1.391 billion versus $1.159 billion; nine-month free capital generation was $856 million.

Financial highlights

• Q3 revenue was $1.542 billion versus $1.416 billion; adjusted operating earnings rose to $517 million from $433 million.

• Adjusted diluted EPS was $7.55, or $7.67 excluding notable items and related tax effects, versus $5.98 on the same adjusted basis a year earlier.

• Pretax adjusted operating earnings were $612 million; excluding notable items, pretax earnings rose 24% YoY.

• Net investment income rose to $886 million in Q3 from $856 million and to $2.554 billion for nine months from $2.329 billion.

Outlook and guidance

• 2026 free capital generation target remains at or above $1.2 billion, assuming a 5% equity-market total return and interest rates following the Dec. 31, 2025 forward curve.

• 2026 common-shareholder capital-return target is $900 million–$1.1 billion; $838 million had been returned through Q3.

• AARP annuity program launch was planned for November 2026 in 10 states, with national availability targeted for H1 2027.

• Additional Brooke Re transparency, including an equity walkthrough, was expected with year-end 2026 results.