Jackson Financial Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
JXN$138.01+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Income Statements
(in millions, except per share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Fee income | $8,083 | $7,680 | $7,722 |
| Premiums | 146 | 147 | 132 |
| Net investment income: | |||
| Net investment income excluding funds withheld assets | 1,838 | 1,680 | 1,492 |
| Net investment income on funds withheld assets | 1,024 | 1,174 | 1,254 |
| Total net investment income | 2,862 | 2,854 | 2,746 |
| Net gains (losses) on derivatives and investments: | |||
| Net gains (losses) on derivatives and investments | (6,812) | (5,864) | (3,023) |
| Net gains (losses) on funds withheld reinsurance treaties | (1,052) | (1,801) | 2,186 |
| Total net gains (losses) on derivatives and investments | (7,864) | (7,665) | (837) |
| Other income | 44 | 67 | 85 |
| Total revenues | 3,271 | 3,083 | 9,848 |
| Benefits and Expenses | |||
| Death, other policy benefits and change in policy reserves, net of deferrals | 868 | 965 | 1,062 |
| (Gain) loss from updating future policy benefits cash flow assumptions, net | 46 | 102 | (34) |
| Market risk benefits (gains) losses, net | (3,809) | (3,897) | (3,536) |
| Interest credited on other contract holder funds, net of deferrals and amortization | 1,110 | 1,145 | 866 |
| Interest expense | 101 | 109 | 98 |
| Operating costs and other expenses, net of deferrals | 2,825 | 2,549 | 2,432 |
| Amortization of deferred acquisition costs | 1,108 | 1,152 | 1,226 |
| Total benefits and expenses | 2,249 | 2,125 | 2,114 |
| Pretax income (loss) | 1,022 | 958 | 7,734 |
| Income tax expense (benefit) | 46 | 4 | 1,505 |
| Net income (loss) | 976 | 954 | 6,229 |
| Less: Net income (loss) attributable to noncontrolling interests | 30 | 20 | 43 |
| Net income (loss) attributable to Jackson Financial Inc. | 946 | 934 | 6,186 |
| Less: Dividends on preferred stock | 44 | 35 | — |
| Net income (loss) attributable to Jackson Financial Inc. common shareholders | $902 | $899 | $6,186 |
| Earnings per share | |||
| Basic | $11.86 | $10.99 | $72.34 |
| Diluted | $11.74 | $10.76 | $69.75 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.