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JACKSON Jackson Announces Third Quarter 2021 Results LANSING , Mich . , November 9 , 2021 — Jackson Financial Inc. ( NYSE : JXN ) today announced financial results for the three months ended September 30 , 2021 . Key Highlights " Net income of $ 206 million , or $ 2.18 per diluted share , included the impact of non - economic hedging losses under U.S. GAAP accounting Adjusted operating earnings¹ of $ 487 million , or $ 5.16 per diluted share , down from the third quarter of 2020 due primarily to increased amortization of deferred acquisition costs ( DAC ) in the current quarter Total annuity account value of $ 248 billion increased 20 % from the third quarter of 2020 , primarily as a result of positive separate account performance Improved capital position at the operating company level , with an estimated Risk Based Capital ( RBC ) ratio at Jackson National Life Insurance Company above 525 % as of the third quarter of 2021 Cash and liquid assets at the holding company of over $ 800 million which was significantly above our minimum liquidity buffer as of the third quarter of 2021 SM In October , Jackson successfully launched Jackson Market Link Pro³ and Jackson Market Link Pro Advisory SM , its commission and advisory based suite of Registered Index - Linked Annuities ( RILAs ) . Also in October , we entered the Defined Contribution market as a carrier in the AllianceBernstein Lifetime Income Strategy . In November , we announced a $ 0.50 per share quarterly cash dividend and a $ 300 million share repurchase authorization Laura Prieskorn , CEO of Jackson , stated , “ Our third quarter results reflect a healthy in - force business generating earnings and regulatory capital while exhibiting positive sales trends . In addition to our strong financial performance , we are building momentum operationally and strategically . The successful launch of our RILA offering is meeting demand across our broad distribution network . In addition , our board's recent authorization of a share repurchase plan and a shareholder dividend support our financial targets and highlight a commitment to long - term capital return to shareholders . " Consolidated Third Quarter Results The Company reported net income of $ 206 million , or $ 2.18 per diluted share for the three months ended September 30 , 2021 , compared to a net loss of $ 397 million , or $ ( 4.28 ) per diluted share for the three months ended September 30 , 2020. The improvement in the current quarter net income primarily reflects a reduced net hedging loss versus a year ago , driven by lower freestanding derivative losses . The quarterly change in the reported fair value of derivatives is not expected to match the change in hedged liabilities on a U.S. GAAP basis quarter - to - quarter , which can result in net income volatility . We believe adjusted operating earnings better represents the underlying performance of our business as it excludes changes in fair value of freestanding and 1 For the reconciliation of non - GAAP measures to the most comparable GAAP measure , please see the explanation of Non- GAAP Financial Measures in the Appendix to this release . 1