Jackson Financial Q2 Adj. Operating Profit Rises - Quick Facts

Jackson Financial Inc. (JXN) reported an improved second-quarter adjusted operating earnings due largely to strong private equity investment returns and separate account growth. Jackson separated from Prudential plc on September 13, 2021, and the results mark the company's first quarterly earnings report as an independent public company. Jackson Financial expects to pursue profitable growth and deliver on its financial target of $325 million-$425 million in capital return to shareholders in its first year as a public company.

Second-quarter adjusted operating earnings were $636 million, or $6.74 per share, compared to $375 million or $8.44 per share, a year ago. The company reported a net loss of $540 million, or $5.72 per share, for the quarter.

Fee income increased to $1.90 billion from $1.56 billion, prior year. Total revenues were $231.9 million, for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U. S. Food and Drug Administration or FDA has issued a public health alert against Fulvic Care Powder and Tablets from Ontario, Canada -based Black Oxygen Organics due to elevated levels of lead and arsenic. The agency advised consumers not to use Fulvic Care Powder and Tablets from Black Oxygen or give the products to pets due to elevated levels of lead and arsenic. Alexander & Hornung, a business unit of Perdue Premium Meat Co., Inc., is recalling around 234,391 pounds of fully cooked pork products citing possible contamination with Listeria monocytogenes, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves ham and pepperoni products that come under various brands and produced on various dates. Sandoz, Inc., an unit of Novartis AG, is recalling one lot of deep vein thrombosis (DVT) medication Enoxaparin Sodium in the form of injection for the potential exposure to high temperatures that may have impacted product effectiveness, the U.S. Food and Drug Administration or FDA said in a statement.
Follow RTT