Jackson Financial Reports Strong Q1 2026 Earnings with $5.5B Adjusted Capital

Registered Index-Linked Annuity (RILA) sales have consistently exceeded $2 billion per quarter since their launch in May 2025. Jackson Financial now ranks as the industry’s third-largest RILA provider, with over $21 billion in RILA assets under management.

Capital and Liquidity Strength

Free capital generation for the quarter stood at $271 million, with the company targeting $1.2 billion for the full year. Holding company liquidity remained robust at nearly $650 million, well above the required minimum buffer.

Net outflows improved by 30% compared to the first quarter of 2025 and decreased nearly 6% from the fourth quarter of 2025, signaling better cash flow management. The company expects to return between $900 million and $1.1 billion to common shareholders in 2026.

Strategic Partnerships and Outlook

Jackson Financial has established a long-term strategic partnership with TPG, leveraging the firm’s expertise in asset-based finance and direct lending. This collaboration aims to support sustained growth and profitability.

“We expect to generate free cash flow supported by a healthy book of business and expectations for profitable growth,” the company stated in its earnings report. With strong sales momentum and disciplined capital management, Jackson Financial remains optimistic about its 2026 outlook.