Jackson Financial

Q2 FY2026 EarningsJXN Q2 FY26 Normalized EPS of $7.45 significantly beat the $5.76 consensus, while GAAP Net Income of $655M exceeded the $184M expectation by 255.98%. Total GAAP Revenue reached $168M, well above the expected loss of $471M, driven by strong separate account performance. Retail Annuity sales grew 34% YoY to $5.9B, primarily powered by RILA and FIA expansion, though Net Flows remained negative at -$2.8B due to elevated VA surrenders.