v3.26.3
Condensed Consolidated Income Statements - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Fee income $ 2,031 $ 2,025 $ 5,997 $ 5,953
Premiums 33 31 99 111
Net investment income:        
Net investment income excluding funds withheld assets 715 653 1,983 1,672
Net investment income on funds withheld assets 171 203 571 657
Total net investment income 886 856 2,554 2,329
Net gains (losses) on derivatives and investments:        
Net gains (losses) on derivatives and investments (1,587) (1,132) (3,791) (2,649)
Net gains (losses) on funds withheld reinsurance treaties 166 (379) (290) (1,094)
Total net gains (losses) on derivatives and investments (1,421) (1,511) (4,081) (3,743)
Other income 13 15 43 45
Total revenues 1,542 1,416 4,612 4,695
Benefits and Expenses        
Death, other policy benefits and change in policy reserves, net of deferrals 216 230 695 730
(Gain) loss from updating future policy benefits cash flow assumptions, net 23 13 61 37
Market risk benefits (gains) losses, net (1,071) (226) (1,454) (183)
Interest credited on other contract holder funds, net of deferrals and amortization 341 313 976 896
Interest expense 37 25 89 75
Operating costs and other expenses, net of deferrals 712 714 2,134 2,072
Amortization of deferred acquisition costs 284 275 846 824
Total benefits and expenses 542 1,344 3,347 4,451
Pretax income (loss) 1,000 72 1,265 244
Income tax expense (benefit) 130 (19) 155 (14)
Net income (loss) 870 91 1,110 258
Less: Net income (loss) attributable to noncontrolling interests 12 15 21 27
Net income (loss) attributable to Jackson Financial Inc. 858 76 1,089 231
Less: Dividends on preferred stock 11 11 33 33
Net income (loss) attributable to Jackson Financial Inc. common shareholders, Basic 847 65 1,056 198
Net income (loss) attributable to Jackson Financial Inc. common shareholders, Diluted $ 847 $ 65 $ 1,056 $ 198
Earnings per share        
Basic (in usd per share) $ 12.40 $ 0.93 $ 15.22 $ 2.76
Diluted (in usd per share) $ 12.37 $ 0.92 $ 15.17 $ 2.75