v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the calculation of earnings per common share:

Three Months Ended March 31,
20262025
(in millions, except share and per share data)
Net income (loss) attributable to Jackson Financial Inc.$(424)$(24)
Less: Preferred stock dividends11 11 
Net income (loss) attributable to Jackson Financial Inc. common shareholders$(435)$(35)
Weighted average shares of common stock outstanding - basic69,743,841 73,469,317 
Dilutive common shares— — 
Weighted average shares of common stock outstanding - diluted (1)
69,743,841 73,469,317 
Earnings per share—common stock
Basic $(6.24)$(0.48)
Diluted $(6.24)$(0.48)
(1) If we reported a net loss attributable to Jackson Financial Inc., all common stock equivalents are anti-dilutive and are therefore excluded from the calculation of diluted shares and diluted per share amounts. The shares excluded from the diluted EPS calculation were 317,447 and 247,765 shares for the three months ended March 31, 2026 and 2025.