v3.26.1
Condensed Consolidated Income Statements - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Fee income $ 1,998 $ 1,986
Premiums 28 40
Net investment income:    
Net investment income excluding funds withheld assets 541 528
Net investment income on funds withheld assets 199 227
Total net investment income 740 755
Net gains (losses) on derivatives and investments:    
Net gains (losses) on derivatives and investments 283 1,343
Net gains (losses) on funds withheld reinsurance treaties (159) (388)
Total net gains (losses) on derivatives and investments 124 955
Other income 12 14
Total revenues 2,902 3,750
Benefits and Expenses    
Death, other policy benefits and change in policy reserves, net of deferrals 258 244
(Gain) loss from updating future policy benefits cash flow assumptions, net 18 12
Market risk benefits (gains) losses, net 1,670 2,246
Interest credited on other contract holder funds, net of deferrals and amortization 315 288
Interest expense 25 25
Operating costs and other expenses, net of deferrals 735 677
Amortization of deferred acquisition costs 281 275
Total benefits and expenses 3,302 3,767
Pretax income (loss) (400) (17)
Income tax expense (benefit) 20 1
Net income (loss) (420) (18)
Less: Net income (loss) attributable to noncontrolling interests 4 6
Net income (loss) attributable to Jackson Financial Inc. (424) (24)
Less: Dividends on preferred stock 11 11
Net income (loss) attributable to Jackson Financial Inc. common shareholders, Basic (435) (35)
Net income (loss) attributable to Jackson Financial Inc. common shareholders, Diluted $ (435) $ (35)
Earnings per share    
Basic (in usd per share) $ (6.24) $ (0.48)
Diluted (in usd per share) $ (6.24) $ (0.48)