Basic earnings per share is calculated by dividing net income (loss) attributable to Jackson Financial common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing the net income (loss) attributable to Jackson Financial common shareholders, by the weighted-average number of shares of common stock outstanding for the period, plus shares representing the dilutive effect of share-based awards. The Company grants share-based awards subject to vesting provisions of its 2021 Omnibus Incentive Plan, which can have a dilutive effect. See Note 18 - Share-Based Compensation of the Notes to Consolidated Financial Statements in the Company’s 2025 Annual Report for further description of our share-based awards.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in millions, except share and per share data)

Net income (loss) attributable to Jackson Financial Inc.	$	655	$	179	$	231	$	155
Less: Preferred stock dividends	11		11		22		22
Net income (loss) attributable to Jackson Financial Inc. common shareholders	$	644	$	168	$	209	$	133

Weighted average shares of common stock outstanding - basic	70,164,533		71,825,321		69,955,919		72,643,141
Dilutive common shares	127,487		112,831		222,467		180,298
Weighted average shares of common stock outstanding - diluted	70,292,020		71,938,152		70,178,386		72,823,439

Earnings per share—common stock
Basic	$	9.18	$	2.34	$	2.99	$	1.83
Diluted	$	9.16	$	2.34	$	2.98	$	1.83