Jackson Financial reports Q3 adjusted EPS $3.80, consensus $3.53

Reports Q3 revenue $2.61B, consenesus $1.61B. Laura Prieskorn, President and Chief Executive Officer of Jackson, stated, “Jackson’s third quarter 2023 results highlight our continued strategic and operational momentum as well as our commitment to ongoing diversification across our product portfolio. Our recently enhanced RILA suite gained traction, delivering a record level of RILA sales in the third quarter. Further, during the third quarter we successfully launched Flex Suite, a streamlined and simplified menu of add-on living benefits within our Perspective family of variable annuity products. In line with our commitments, we returned $123 million to common shareholders through dividends and share buybacks over the third quarter, positioning us well to achieve our 2023 capital return target of $450-$550 million. We’re pleased with our healthy regulatory capital position, as our estimated third quarter operating company RBC ratio is above our target range. We also maintained healthy levels of excess liquidity at the holding company and successfully completed our limited partnership sale. We are on track to deliver on our financial targets for the second year in a row and remain committed to creating long-term value for our shareholders.”