Jackson Financial Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Fee income | $7,983 | $8,083 | $7,680 |
| Premiums | 149 | 146 | 147 |
| Net investment income: | |||
| Net investment income excluding funds withheld assets | 2,296 | 1,838 | 1,680 |
| Net investment income on funds withheld assets | 855 | 1,024 | 1,174 |
| Total net investment income | 3,151 | 2,862 | 2,854 |
| Net gains (losses) on derivatives and investments: | |||
| Net gains (losses) on derivatives and investments | (3,357) | (6,812) | (5,864) |
| Net gains (losses) on funds withheld reinsurance treaties | (1,304) | (1,052) | (1,801) |
| Total net gains (losses) on derivatives and investments | (4,661) | (7,864) | (7,665) |
| Other income | 61 | 44 | 67 |
| Total revenues | 6,683 | 3,271 | 3,083 |
| Benefits and Expenses | |||
| Death, other policy benefits and change in policy reserves, net of deferrals | 927 | 868 | 965 |
| (Gain) loss from updating future policy benefits cash flow assumptions, net | 44 | 46 | 102 |
| Market risk benefits (gains) losses, net | 605 | (3,809) | (3,897) |
| Interest credited on other contract holder funds, net of deferrals and amortization | 1,221 | 1,110 | 1,145 |
| Interest expense | 100 | 101 | 109 |
| Operating costs and other expenses, net of deferrals | 2,797 | 2,825 | 2,549 |
| Amortization of deferred acquisition costs | 1,103 | 1,108 | 1,152 |
| Total benefits and expenses | 6,797 | 2,249 | 2,125 |
| Pretax income (loss) | (114) | 1,022 | 958 |
| Income tax expense (benefit) | (186) | 46 | 4 |
| Net income (loss) | 72 | 976 | 954 |
| Less: Net income (loss) attributable to noncontrolling interests | 45 | 30 | 20 |
| Net income (loss) attributable to Jackson Financial Inc. | 27 | 946 | 934 |
| Less: Dividends on preferred stock | 44 | 44 | 35 |
| Net income (loss) attributable to Jackson Financial Inc. common shareholders | $(17) | $902 | $899 |
| Earnings per share | |||
| Basic | $(0.24) | $11.86 | $10.99 |
| Diluted | $(0.24) | $11.74 | $10.76 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.