Earnings Releases·Nov 3, 2026, 4:18 PM ET

Jackson Financial Inc. — Third Quarter 2026 Earnings Summary

Net income attributable to common shareholders surged to $847 million ($12.37 per diluted share) in Q3 2026 from $65 million ($0.92 per diluted share) in Q3 2025, while adjusted operating earnings rose to $517 million ($7.55 per diluted share) from $433 million ($6.16 per diluted share) in the prior year period.
Retail annuity sales reached a record $6.5 billion, up 22% year-over-year, driven by record RILA sales of $3.0 billion (up 44%) and a 79% increase in fixed annuity sales to $796 million, though variable annuity sales declined 3% to $2.8 billion.
The company returned $291 million to common shareholders in Q3 2026, including $230 million in share repurchases and $61 million in dividends, and the Board approved a $1 billion increase to the existing common share repurchase authorization.
Capital generation remained robust with free cash flow of $275 million and a statutory Total Adjusted Capital of $5.9 billion at Jackson National Life Insurance Company, despite a decline in the risk-based capital ratio to 524% due to increased capital requirements from strong new business levels.
Management highlighted consistent execution against strategy and a positive outlook, citing record sales and a robust in-force book of business as key drivers for future performance.