Jackson Financial Inc. reported its financial results for the second quarter of 2025, revealing a net income attributable to common shareholders of $168 million, or $2.34 per share, a decrease from $264 million, or $3.45 per share, in the same period last year. For the first half of 2025, the company recorded a net income of $133 million, down from $1.048 billion in the prior year. Total revenues for the second quarter were reported at $(471) million, compared to $1.247 billion in the previous year, primarily due to significant net losses on derivatives and investments, which totaled $(3.187) billion for the quarter.
The company's total assets increased to $343.7 billion as of June 30, 2025, up from $338.5 billion at the end of 2024. This growth was driven by an increase in total investments, which rose to $65 billion from $61 billion, largely attributed to higher debt securities and mortgage loans. However, the company also reported a rise in liabilities, which reached $333.1 billion, compared to $328.5 billion at the end of the previous year. The increase in liabilities was influenced by higher reserves for future policy benefits and claims payable, which totaled $10.9 billion, down from $11.1 billion.
In terms of operational developments, Jackson Financial's Retail Annuities segment generated $1.176 billion in operating revenues for the second quarter, a slight increase from $1.226 billion in the same quarter of 2024. The Institutional Products segment also saw growth, with operating revenues rising to $125 million from $118 million year-over-year. The Closed Life and Annuity Blocks segment reported operating revenues of $314 million, consistent with the previous year. The company’s total account value for retail annuities increased to $257.9 billion, reflecting positive market performance and net flows.
Strategically, Jackson Financial has focused on enhancing its product offerings and expanding its market presence. The company has continued to return capital to shareholders, repurchasing 1.9 million shares for $158 million in the second quarter of 2025. The company also announced a cash dividend of $0.80 per share for the third quarter of 2025, reflecting its commitment to returning value to shareholders. Looking ahead, Jackson Financial anticipates continued growth in free capital generation, projecting it to exceed $1 billion for the year under normal market conditions, while also managing the impacts of market volatility on its financial performance.
About Jackson Financial Inc.
Jackson Financial Inc. is a U.S.-based financial services company specializing in retirement solutions, primarily offering a broad range of annuities including variable, fixed, fixed index, and registered index-linked products. It serves retail investors through extensive distribution channels, leveraging a scalable operating platform and industry-leading brand. The company focuses on risk management, product innovation, and efficient administration to provide income and asset growth opportunities for retirees.
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