Jackson Financial Reports Record Retail Annuity Sales and Strong Q3 2026 Earnings
Jackson Financial (JXN) reported robust third-quarter 2026 financial results, highlighted by record-breaking retail annuity sales of $6.5 billion, a 22% increase year-over-year. The company's net income surged to $847 million ($12.37 per diluted share) from just $65 million in the prior-year quarter, bolstered by favorable net hedging results and gains from business reinsured to third parties. Growth was primarily driven by Registered Index-Linked Annuities (RILA), which saw sales jump 44% to a record $3 billion. While variable annuity sales experienced a slight 3% decline, the company's shift toward spread-based products—now comprising 58% of retail annuity sales—continues to strengthen its business mix. Management remains confident in its capital position, maintaining a full-year free capital generation target of at least $1.2 billion and announcing a $1 billion increase to its share repurchase program.
Tickers: $JXN
Topics: capital generation earnings report net income retail annuity sales share repurchases