Jackson Financial Inc. announced its financial results for the second quarter ended June 30, 2025. The company reported a net income attributable to common shareholders of $168 million, or $2.34 per diluted share, compared to $264 million, or $3.43 per diluted share for the same period in 2024. This decrease in net income was influenced by a loss from business reinsured to third parties, contrasting with a gain in the prior year. Adjusted operating earnings were $350 million, or $4.87 per diluted share, down from $410 million, or $5.32 per diluted share in the second quarter of 2024. The decline in adjusted operating earnings was primarily due to lower fee income from reduced average variable annuity assets under management (AUM), offset by higher spread income from growth in average registered index-linked annuity $(RILA)$ assets under management and a reduced share count due to repurchases. Retail annuity sales increased by 4% to $4.4 billion, driven by strong demand across the product suite. However, variable annuity sales fell to $2.5 billion, primarily due to a decrease in sales of products with lifetime benefits, while registered index-linked annuity sales slightly decreased to $1.4 billion. Jackson Financial maintained a robust capital position with total adjusted capital exceeding $5.3 billion and an estimated risk-based capital ratio at Jackson National Life Insurance Company of 566%. The company returned $216 million to common shareholders during the quarter. Jackson Financial expressed confidence in sustaining positive momentum through 2025, focusing on helping secure Americans' financial futures.