Jackson Financial Inc

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 6, 2024

JXN$138.01+1.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheet

	September 30,	December 31,
	2024	2023
Assets · (Unaudited)
Investments:
Debt Securities, available-for-sale, net of allowance for credit losses of $44 and $21 at September 30, 2024 and December 31, 2023, respectively (amortized cost: 2024 $45,536; 2023 $44,844)	$42,289	$40,422
Debt Securities, at fair value under fair value option	2,937	2,153
Debt Securities, trading, at fair value	73	68
Equity securities, at fair value	213	394
Mortgage loans, net of allowance for credit losses of $148 and $165 at September 30, 2024 and December 31, 2023, respectively	9,564	10,082
Mortgage loans, at fair value under fair value option	432	481
Policy loans (including $3,535 and $3,457 at fair value under the fair value option at September 30, 2024 and December 31, 2023, respectively)	4,453	4,399
Freestanding derivative instruments	295	390
Other invested assets	2,747	2,466
Total investments	63,003	60,855
Cash and cash equivalents	3,061	2,688
Accrued investment income	528	512
Deferred acquisition costs	11,986	12,302
Reinsurance recoverable, net of allowance for credit losses of $25 and $29 at September 30, 2024 and December 31, 2023, respectively	22,959	25,422
Reinsurance recoverable on market risk benefits, at fair value	149	149
Market risk benefit assets, at fair value	7,615	6,737
Deferred income taxes, net	527	640
Other assets	797	1,294
Separate account assets	235,037	219,656
Total assets	$345,662	$330,255
Liabilities and Equity
Liabilities
Reserves for future policy benefits and claims payable	$11,543	$11,898
Other contract holder funds	57,334	55,319
Market risk benefit liabilities, at fair value	4,384	4,785
Funds withheld payable under reinsurance treaties (including $3,711 and $3,626 at fair value under the fair value option at September 30, 2024 and December 31, 2023, respectively)	18,103	19,952
Long-term debt	2,033	2,037
Repurchase agreements and securities lending payable	820	19
Collateral payable for derivative instruments	124	780
Freestanding derivative instruments	425	1,210
Notes issued by consolidated variable interest entities, at fair value under fair value option (Note 4)	2,366	1,988
Other liabilities	2,586	2,277
Separate account liabilities	235,037	219,656
Total liabilities	334,755	319,921
Commitments, Contingencies, and Guarantees (Note 16)
Equity
Series A non-cumulative preferred stock and additional paid in capital, $1.00 par value per share: 24,000 shares authorized; 22,000 shares issued and outstanding at September 30, 2024 and December 31, 2023; liquidation preference $25,000 per share (See Note 19)	533	533
Common stock; 1,000,000,000 shares authorized, $0.01 par value per share and 74,351,061 and 78,660,221 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively (See Note 19)	1	1
Additional paid-in capital	6,025	6,005
Treasury stock, at cost; 20,133,348 and 15,820,785 shares at September 30, 2024 and December 31, 2023, respectively	(909)	(599)
Accumulated other comprehensive income (loss), net of tax expense (benefit) of $(323) and $(178) at September 30, 2024 and December 31, 2023, respectively	(2,383)	(2,808)
Retained earnings	7,431	7,038
Total shareholders' equity	10,698	10,170
Noncontrolling interests	209	164
Total equity	10,907	10,334
Total liabilities and equity	$345,662	$330,255

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