Jackson Financial Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
JXN$138.01+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Income Statements
(in millions, except per share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Fee income | $7,680 | $7,722 | $8,059 |
| Premiums | 147 | 132 | 148 |
| Net investment income: | |||
| Net investment income excluding funds withheld assets | 1,756 | 1,507 | 2,236 |
| Net investment income on funds withheld assets | 1,174 | 1,254 | 1,188 |
| Total net investment income | 2,930 | 2,761 | 3,424 |
| Net gains (losses) on derivatives and investments: | |||
| Net gains (losses) on derivatives and investments | (5,864) | (3,023) | (5,344) |
| Net gains (losses) on funds withheld reinsurance treaties | (1,801) | 2,186 | (21) |
| Total net gains (losses) on derivatives and investments | (7,665) | (837) | (5,365) |
| Other income | 67 | 85 | 94 |
| Total revenues | 3,159 | 9,863 | 6,360 |
| Benefits and Expenses | |||
| Death, other policy benefits and change in policy reserves, net of deferrals | 965 | 1,062 | 925 |
| (Gain) loss from updating future policy benefits cash flow assumptions, net | 102 | (34) | 41 |
| Market risk benefits (gains) losses, net | (3,897) | (3,536) | (3,966) |
| Interest credited on other contract holder funds, net of deferrals and amortization | 1,145 | 866 | 832 |
| Interest expense | 185 | 113 | 37 |
| Operating costs and other expenses, net of deferrals | 2,549 | 2,432 | 2,839 |
| Amortization of deferred acquisition costs | 1,152 | 1,226 | 1,307 |
| Total benefits and expenses | 2,201 | 2,129 | 2,015 |
| Pretax income (loss) | 958 | 7,734 | 4,345 |
| Income tax expense (benefit) | 4 | 1,505 | 666 |
| Net income (loss) | 954 | 6,229 | 3,679 |
| Less: Net income (loss) attributable to noncontrolling interests | 20 | 43 | 262 |
| Net income (loss) attributable to Jackson Financial Inc. | 934 | 6,186 | 3,417 |
| Less: Dividends on preferred stock | 35 | — | — |
| Net income (loss) attributable to Jackson Financial Inc. common shareholders | $899 | $6,186 | $3,417 |
| Earnings per share | |||
| Basic | $10.99 | $72.34 | $36.35 |
| Diluted | $10.76 | $69.75 | $36.17 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.