- Jackson Financial reported adjusted operating earnings of $350 million in Q2 2025, driven by strong spread product performance and higher yields in the bond portfolio.
- Jackson returned $216 million to shareholders in Q2, extending 15 consecutive quarters of capital return, with $447 million returned in the first half of 2025.
- RILA account balances grew nearly 80% year-over-year to nearly $15 billion, with RILA sales up 16% sequentially to $1.4 billion.
- Total adjusted capital increased to $5.3 billion, with a risk-based capital ratio of 566%, well above the 425% target minimum.
- Total retail annuity net outflows improved to $2.2 billion, down 27% from a year ago and 39% from Q1 2025.
- Variable annuity account values increased to $239 billion by the end of Q2, with total retail annuity sales rising 4% year-over-year to $4.4 billion.
Explore Similar Insights
- Adjusted compensation expense was $504 million in Q2 with a ratio of 65.5%, and adjusted non-compensation expense was $157 million with a ratio of 20.4%.
- Adjusted effective tax rate for Q2 was 36.5%, expected full year 2025 rate in mid-20% range.
- Asset Management adjusted net revenue was $268 million in Q2, up 1% year-over-year, with average AUM of $239 billion, 3% lower than Q2 2024 but up 3% sequentially.
- Asset Management delivered adjusted net revenue of $533 million for the first half, with AUM increasing 10% year-to-date and positive net flows in Q2.
- Financial Advisory achieved a record first half with adjusted net revenue of $861 million, driven by geographic and product diversity including record revenue in France and Germany.
- Lazard reported total firm-wide adjusted net revenue of $1.4 billion for the first half of 2025.
- Returned $60 million to shareholders in Q2 including a $47 million dividend; declared quarterly dividend of $0.50 per share.
- Second quarter firm-wide adjusted net revenue was $770 million, up 12% year-over-year, with Financial Advisory revenue up 20% to $491 million.
- Adjusted EPS of $0.51, up $0.06 from the prior quarter, with adjusted return on tangible common equity increasing by 135 basis points to 15%.
- Adjusted expenses increased by $45 million, primarily due to higher personnel costs, project expenses, technology, risk, and a $20 million contribution to the First Horizon Foundation.
- Common Equity Tier 1 (CET1) capital ratio remained flat at 11%, with a near-term target of 10.75% following annual stress testing.
- Deposit balances decreased by $52 million, driven by a $652 million decline in brokered CDs, offset by growth in index and promotional deposits and a $131 million increase in noninterest-bearing deposits.
- Fee income increased by $26 million excluding deferred compensation, driven by higher fixed income fees and mortgage servicing rights sales.
- Loan balances were slightly down, with mortgage company loans decreasing seasonally by $132 million, while C&I loans grew by $174 million quarter-over-quarter.
- Net charge-offs decreased by $7 million to $26 million, with a net charge-off ratio of 17 basis points and a loan loss provision credit of $5 million.
- Net interest income grew by $33 million with a 15 basis point expansion in net interest margin to 3.55%, aided by loan balance growth and Main Street lending accretion.
- Adjusted net income was $587 million, driven by positive operating leverage and net revenue growth.
- Deposits grew by $3.3 billion or 2% sequentially, marking the 7th consecutive quarter of deposit growth.
- Loans increased by $3.5 billion or 2.5% sequentially, led by Global Fund Banking in SVB Commercial segment.
- Net charge-offs increased to $234 million (65 basis points), including an $82 million charge-off related to First Brands bankruptcy.
- Net interest income grew 2.3% sequentially, with headline NIM stable at 3.26%.
- Reported adjusted earnings per share of $44.62, adjusted ROE of 10.62%, and adjusted ROA of 1.01%.
- Tangible book value per share increased approximately 8% year-over-year and 2% sequentially despite $900 million in share repurchases during the quarter.
- Adjusted net income return on equity was 28.6% over the trailing 12 months.
- Auto insurance combined ratio was 86%, a 9.9 point improvement from the second quarter of 2024.
- Divestitures of Employee Voluntary Benefits and Group Health businesses generated $3.25 billion, representing a 25 times multiple of latest 12-month earnings.
- Homeowners business had an underlying combined ratio of 58.6 but was offset by $1.6 billion in catastrophe losses, leading to a combined ratio of 102 in the quarter.
- Investment income was $754 million in the quarter, representing a total return of 1.4% for the quarter and 5.4% for the last 12 months.
- Net income was $2.1 billion and adjusted net income was $1.6 billion or $5.94 per diluted share.
- Personal property-liability policies in force increased by 0.8 points.
- Property-Liability business generated nearly $1.3 billion of underwriting income with a combined ratio of 91.1%, a 10-point improvement from prior year quarter.
- Protection Services revenues were $867 million in the quarter, generating $60 million of income.
- Returned $1.1 billion in dividends and repurchased $445 million of common stock in the past year.
- Revenues were $16.6 billion in the second quarter, a 5.8% increase compared to the second quarter of 2024.
- Total policies in force increased by 4.2% over the prior year, led by Allstate Protection Plans.
Dafinchi