Jackson Financial Inc. (NYSE:JXN) Q1 2023 Earnings Conference Call May 10, 2023 9:00 AM ET
Company Participants
Liz Werner - Vice President & Head of Investor Relations
Laura Prieskorn - President & Chief Executive Officer
Marcia Wadsten - Executive Vice President & Chief Financial Officer
Steve Binioris - Head-Asset Liability Management & Chief Actuary
Scott Romine - President-Jackson National Life Distributors
Conference Call Participants
Alex Scott - Goldman Sachs
Erik Bass - Autonomous
Suneet Kamath - Jefferies
Tom Gallagher - Evercore ISI
Operator
Hello, and welcome to today's Jackson Financial, Inc First Quarter 2023 Earnings Call. My name is Daily and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]
I would now like to pass the conference over to our host Liz Werner, Head of Investor Relations. Liz, please go ahead.
Liz Werner
Good morning, everyone and welcome to Jackson's first quarter earnings call. Today's remarks may contain forward-looking statements, which are subject to risks and uncertainties. These statements are not guarantees of future performance or events and are based upon management's current expectations. Jackson's filings with the SEC provide details on important factors that may cause actual results or events to differ materially. Except as required by law Jackson is under no obligation to update any forward-looking statements if circumstances or management's estimates or opinions should change.
Today's remarks also refer to certain non-GAAP financial measures. The reconciliation of those measures to the most comparable US GAAP figures is included in our earnings release, financial supplement and earnings presentation all of which are available on the Investor Relations page of our website at investors.jackson.com.
Joining us today are our CEO, Laura Prieskorn; our CFO, Marcia Wadsten; our Head of Asset Liability Management and Chief Actuary, Steve Binioris; our President of Jackson National Life Distributors Scott Romine; and our President and Chief Investment Officer of PPM, Craig Smith.
At this time, I'll turn the call over to our CEO, Laura Prieskorn.
Laura Prieskorn
Thank you, Liz. Good morning, and welcome to our first quarter 2023 earnings call. Today, we'll discuss our first quarter results, our progress towards our 2023 financial targets and our insights on the current state of the annuity industry.
Over the course of the first quarter, we maintained our risk management discipline preserving our capital strength and positioning the company for continued profitability. Our hedging strategy effectively navigated a period of significant equity market and interest rate volatility and our capital position remains strong after remitting $600 million from our operating company in March.