Jackson Financial (JXN) reported Q4 adjusted operating earnings late Wednesday of $4.65 per diluted share, up from $2.53 a year earlier.

Three analysts polled by FactSet expected $4.91.

Revenue in the three months ended Dec. 31 fell to $225 million from $882 million a year earlier as losses on derivatives and investments widened.

The company declared a cash dividend of $0.80 a share of common stock for Q1, up 14% from a year earlier. It's payable March 20 to investors of record March 11.

The company also declared a cash dividend of $0.50 per depositary share, each representing a 1/1,000th interest in a share of fixed-rate reset noncumulative perpetual preferred stock, series A. It's payable March 3 to holders of record March 11.