Jackson Financial Announces Third Quarter Earnings Results for FY2023
November 21, 2023
🌥️Earnings Overview
Jackson Financial ($NYSE:JXN) reported their earnings results for the third quarter of FY2023, which concluded on September 30th 2023. The company earned a total revenue of USD 2.6 billion, a decrease of 35.1% compared to the corresponding period in the prior year. However, their net income increased year over year by 87.2% totaling USD 2.8 billion.
Stock Price
This was driven by increased revenues from its products and services, as well as improved cost efficiencies. On Wednesday, JACKSON FINANCIAL stock opened at $39.7 and closed at $38.9, down by 2.0% from the previous closing price of 39.7. This is likely due to market uncertainty in response to the company’s latest results, which were lower than expected.
However, the company did report strong growth in key areas such as consumer loans and wealth management, which bodes well for future quarters. Despite the short-term market reaction, JACKSON FINANCIAL has a strong fundamental position and outlook for the future. With a focus on expanding its customer base and developing new products and services, the company is well-positioned to continue delivering value to shareholders in the quarters ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jackson Financial. More…
| Total Revenues | Net Income | Net Margin |
| 5.01k | 830 | 17.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jackson Financial. More…
| Operations | Investing | Financing |
| 5.94k | -4.53k | -3.99k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jackson Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 314.53k | 304.28k | 118.4 |
Key Ratios Snapshot
Some of the financial key ratios for Jackson Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 60.4% | – | 18.7% |
| FCF Margin | ROE | ROA |
| 118.5% | 6.5% | 0.2% |
Analysis
GoodWhale has conducted an analysis of JACKSON FINANCIAL‘s wellbeing and based on our Star Chart, we can conclude that JACKSON FINANCIAL is strong in dividends, but weaker in asset, growth, and profitability. We classify JACKSON FINANCIAL as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this classification, JACKSON FINANCIAL may be of interest to investors looking for a company that is able to sustain its operations through times of crisis. Our health score for JACKSON FINANCIAL is 8/10, which highlights its ability to manage its cashflows and debt. That said, investors may be prudent to conduct further research before committing their money to this company. More…
Peers
In the current market landscape, Jackson Financial Inc. is up against some stiff competition from the likes of Generation Development Group Ltd, US Financial 15 Split Corp, and AMP Ltd. All of these companies are vying for a piece of the pie in the financial services industry, and each has its own unique strengths and weaknesses. It remains to be seen who will come out on top in this competitive market.
– Generation Development Group Ltd ($ASX:GDG)
Generation Development Group Ltd is a property development company with a focus on residential and commercial projects. The company has a market cap of 222.74M as of 2022 and a return on equity of -229.38%. The company’s main business activities include the development of residential and commercial properties, as well as the provision of project management services.
– US Financial 15 Split Corp ($TSX:FTU)
The company’s market cap is 627.6k as of 2022. The company focuses on providing financing and leasing options to small businesses in the United States. The company offers a variety of financing products, including lines of credit, term loans, and SBA-guaranteed loans. The company also provides equipment leasing options to small businesses.
– AMP Ltd ($ASX:AMP)
A market capitalization, or “market cap,” is the total value of a company’s outstanding shares of common stock. It is calculated by multiplying the number of a company’s shares outstanding by the current market price of one share. The return on equity, or “ROE,” is a measure of a company’s profitability that takes into account both its equity and its debt. It is calculated by dividing a company’s net income by its total equity.
Amp Ltd is an Australian financial services company that provides a range of services including banking, insurance, investments, and superannuation. It has a market cap of 4.12B as of 2022 and a ROE of 0.32%.
Summary
Jackson Financial reported their third quarter FY2023 earnings with total revenue of USD 2.6 billion, a 35.1% decrease year over year. Net income increased 87.2% year over year to USD 2.8 billion. Investors should consider this decrease in revenue combined with the increase in net income when considering investing in Jackson Financial.
Factors to watch include future development of the company’s business practices, financials, and products. Analysts should ensure that Jackson Financial’s cash flow and balance sheet remain healthy for long-term success.
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