Jackson Financial Reports Record Retail Annuity Sales Growth for 2025

Jackson Financial Inc. (NYSE:JXN) has reported a significant upswing in its retail annuity sales, achieving $19.7 billion for the year 2025, representing a 10% year-over-year increase. This growth was largely fueled by the company's registered index-linked annuities (RILA), which accounted for $6.9 billion in sales. Additionally, Jackson Financial witnessed a remarkable 77% surge in institutional sales, reaching $3.5 billion. In the fourth quarter alone, the company saw retail annuity sales grow to $5.9 billion, a 27% increase from the previous year. Their asset management subsidiary, PPM America, also contributed significantly with a 26% growth in assets under management, now totaling $93.7 billion.

Despite a reported net loss of $17 million in 2025, attributed to hedging results and reinsurance impacts, Jackson Financial's core operations demonstrated robust performance. The company's adjusted operating earnings rose to $1.6 billion, or $22.67 per diluted share, up from $1.4 billion in 2024. This profitability increase was due to higher spread income from RILA and institutional assets, alongside a reduction in share count following substantial share repurchases. For 2025, Jackson Financial surpassed its capital return objectives, returning $862 million to shareholders through $634 million in share buybacks and $228 million in dividends.

In response to this positive performance, Jackson Financial announced a 12.5% increase in its first-quarter 2026 dividend to $0.90 per share. The company also set a new capital return target ranging from $900 million to $1.1 billion for 2026. Operating through its subsidiaries, Jackson Financial offers a comprehensive range of annuity products to retail investors in the United States, organized across three segments: Retail Annuities, Institutional Products, and Closed Life & Annuity Blocks.