Jackson’s Annuity Stormproofing Worked

August 16, 2022 by Allison Bell

Derivatives can make an annuity issuer’s earnings look messy, but they helped Jackson sail smoothly through the spring stock market storms.

Thanks to hedging arrangements, the annuity giant is reporting $3 billion in net income for the quarter ending June 30, on just $6.5 billion in revenue.

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Originally Posted at ThinkAdvisor on August 11, 2022 by Allison Bell.