Jackson Financial Shares Rise After Q1 Earnings Call Highlights Annuity Demand

Jackson Financial shares rose to $109.61 from $108.47 after its first-quarter earnings call, as investors looked past revenue and non-GAAP EPS that missed Wall Street expectations. Management said demand remained strong for retail annuity products, including registered index-linked annuities and a newly launched fixed indexed annuity. CEO Laura Prieskorn said the company’s spread-based business helped offset market volatility that weighed on fee income. Key investor focus areas include sales adoption of new annuity products, results from Jackson’s partnership with TPG to deploy capital into higher-yielding alternative investments, and liquidity tools such as the PCAPS facility. Industry consolidation and regulatory changes remain potential drivers for the stock.