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 set forth in 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 September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(in millions, except share and per share data)

Net income (loss) attributable to Jackson Financial Inc.	$	858	$	76	$	1,089	$	231
Less: Preferred stock dividends	11		11		33		33
Net income (loss) attributable to Jackson Financial Inc. common shareholders	$	847	$	65	$	1,056	$	198

Weighted average shares of common stock outstanding - basic	68,297,919		70,084,349		69,396,956		71,780,958
Dilutive common shares	166,908		194,926		203,577		185,271
Weighted average shares of common stock outstanding - diluted	68,464,827		70,279,275		69,600,533		71,966,229

Earnings per share—common stock
Basic	$	12.40	$	0.93	$	15.22	$	2.76
Diluted	$	12.37	$	0.92	$	15.17	$	2.75