Jackson Financial rides out Q4 loss with solid sales and capital, new reinsurer

February 27, 2024 by John Hilton

Jackson Financial executives touted the potential for Brooke Re, a wholly owned reinsurer established in January, while explaining a fourth-quarter loss of $1.56 billion.

CEO Laura Prieskorn insisted that Jackson is right on target with its growth plan. The company “met or exceeded all financial targets” for the third consecutive year, she added. For the year, Jackson reported profit of $934 million, or $10.76 per share. Revenue was reported as $3.16 billion.

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Originally Posted at InsuranceNewsNet on February 22, 2024 by John Hilton.