News that Blue Owl, a big alternative asset manager, will limit investor withdrawals at a private credit fund rattled retail investors today.
Executives at Jackson Financial, a major annuity issuer, started the day by announcing that they had locked in an investment management relationship with TPG that should supply a flow of assets that Jackson can use to write fixed and fixed indexed annuities, as well as other types of annuities.
"We continue to see strong demand for a variety of needs, income, protection, growth and legacy benefits," Laura Prieskorn, Jackson's chief executive officer, told securities analysts today during a conference call.
Offering fixed products can help meet savers' demand for value protection, Prieskorn said.
She noted that even Jackson's latest registered index-linked annuity — which is registered as a security and can expose the owner to the risk of investment-market-related loss of principal — can protect savers' account value.
Jackson streamed the call live and posted a recording on its website.
What it means: At this point in the economic cycle, a big annuity issuer is emphasizing its willingness to offer nervous retirement savers protection against market ups and downs.
That could comfort clients who have less faith than economists or their advisors in the power of portfolio diversification.
The earnings: Jackson held the conference call to go over results for the fourth quarter of 2025 with the analysts.
The company reported a $186 million net loss for the quarter on $1.9 billion in operating revenue, compared with $358 million in net income on $1.9 billion in operating revenue for the fourth quarter of 2024.
Adjusted operating earnings, which exclude the fluctuations in the value of derivatives and other arrangements, increased to $455 million, from $349 million.
Sales of RILA contracts increased to $2.3 billion, from $1.5 billion, and sales of fixed annuities and FIA contracts increased to $812 million, from $397 million.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.