v3.26.1
Condensed Consolidated Income Statements - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Fee income $ 1,968 $ 1,942 $ 3,966 $ 3,928
Premiums 38 40 66 80
Net investment income:        
Net investment income excluding funds withheld assets 727 491 1,268 1,019
Net investment income on funds withheld assets 201 227 400 454
Total net investment income 928 718 1,668 1,473
Net gains (losses) on derivatives and investments:        
Net gains (losses) on derivatives and investments (2,487) (2,860) (2,204) (1,517)
Net gains (losses) on funds withheld reinsurance treaties (297) (327) (456) (715)
Total net gains (losses) on derivatives and investments (2,784) (3,187) (2,660) (2,232)
Other income 18 16 30 30
Total revenues 168 (471) 3,070 3,279
Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 221 256 479 500
(Gain) loss from updating future policy benefits cash flow assumptions, net 20 12 38 24
Market risk benefits (gains) losses, net (2,053) (2,203) (383) 43
Interest credited on other contract holder funds, net of deferrals and amortization 320 295 635 583
Interest expense 27 25 52 50
Operating costs and other expenses, net of deferrals 687 681 1,422 1,358
Amortization of deferred acquisition costs 281 274 562 549
Total benefits and expenses (497) (660) 2,805 3,107
Total benefits and expenses 665 189 265 172
Income tax expense 5 4 25 5
Net income (loss) 660 185 240 167
Less: Net income (loss) attributable to noncontrolling interests 5 6 9 12
Net income (loss) attributable to Jackson Financial Inc. 655 179 231 155
Less: Dividends on preferred stock 11 11 22 22
Net income (loss) attributable to Jackson Financial Inc. common shareholders, Basic 644 168 209 133
Net income (loss) attributable to Jackson Financial Inc. common shareholders, Diluted $ 644 $ 168 $ 209 $ 133
Earnings per share        
Basic (in usd per share) $ 9.18 $ 2.34 $ 2.99 $ 1.83
Diluted (in usd per share) $ 9.16 $ 2.34 $ 2.98 $ 1.83