Jackson Financial Inc.
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
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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.
Jun 30, 2026 · Filed Aug 3, 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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Condensed Consolidated Income Statements
(Unaudited, in millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | ||||
| Fee income | $1,968 | $1,942 | $3,966 | $3,928 |
| Premiums | 38 | 40 | 66 | 80 |
| Net investment income: | ||||
| Net investment income excluding funds withheld assets | 727 | 491 | 1,268 | 1,019 |
| Net investment income on funds withheld assets | 201 | 227 | 400 | 454 |
| Total net investment income | 928 | 718 | 1,668 | 1,473 |
| Net gains (losses) on derivatives and investments: | ||||
| Net gains (losses) on derivatives and investments | (2,487) | (2,860) | (2,204) | (1,517) |
| Net gains (losses) on funds withheld reinsurance treaties | (297) | (327) | (456) | (715) |
| Total net gains (losses) on derivatives and investments | (2,784) | (3,187) | (2,660) | (2,232) |
| Other income | 18 | 16 | 30 | 30 |
| Total revenues | 168 | (471) | 3,070 | 3,279 |
| Benefits and Expenses | ||||
| Death, other policy benefits and change in policy reserves, net of deferrals | 221 | 256 | 479 | 500 |
| (Gain) loss from updating future policy benefits cash flow assumptions, net | 20 | 12 | 38 | 24 |
| Market risk benefits (gains) losses, net | (2,053) | (2,203) | (383) | 43 |
| Interest credited on other contract holder funds, net of deferrals and amortization | 320 | 295 | 635 | 583 |
| Interest expense | 27 | 25 | 52 | 50 |
| Operating costs and other expenses, net of deferrals | 687 | 681 | 1,422 | 1,358 |
| Amortization of deferred acquisition costs | 281 | 274 | 562 | 549 |
| Total benefits and expenses | (497) | (660) | 2,805 | 3,107 |
| Pretax income (loss) | 665 | 189 | 265 | 172 |
| Income tax expense (benefit) | 5 | 4 | 25 | 5 |
| Net income (loss) | 660 | 185 | 240 | 167 |
| Less: Net income (loss) attributable to noncontrolling interests | 5 | 6 | 9 | 12 |
| Net income (loss) attributable to Jackson Financial Inc. | 655 | 179 | 231 | 155 |
| Less: Dividends on preferred stock | 11 | 11 | 22 | 22 |
| Net income (loss) attributable to Jackson Financial Inc. common shareholders | $644 | $168 | $209 | $133 |
| Earnings per share | ||||
| Basic | $9.18 | $2.34 | $2.99 | $1.83 |
| Diluted | $9.16 | $2.34 | $2.98 | $1.83 |
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