Key Highlights

  • Total revenues were USD 1,542 million versus 1,416 million, and fee income was USD 2,031 million versus 2,025 million.
  • Market risk benefits gains were USD 1,071 million versus 226 million; pretax income was USD 1,000 million versus 72 million.
  • Net income was USD 870 million versus 91 million, and Net Income attributable to common shareholders was USD 847 million.
  • Diluted EPS was USD 12.37 versus USD 0.92, and pretax adjusted operating Earnings were USD 612 million versus 505 million.

Revenues

Jackson Financial Inc. (NYSE:JXN), a provider of annuities and related products, filed its Quarterly Report for the period ended September 30, 2026. Total revenues were USD 1,542 million, compared with USD 1,416 million in the third quarter of 2025. Fee income was USD 2,031 million versus USD 2,025 million, premiums were USD 33 million versus USD 31 million, and other income was USD 13 million versus USD 15 million.

Total net Investment income was USD 886 million versus USD 856 million. Net investment income excluding funds withheld Assets was USD 715 million versus USD 653 million, and net investment income on funds withheld assets was USD 171 million versus USD 203 million. Total net losses on Derivatives and investments were USD 1,421 million versus USD 1,511 million.

For the nine months, total revenues were USD 4,612 million versus USD 4,695 million.

Analyst estimates were EPS of USD 7.24 against reported EPS of USD 7.55.

Benefits, Expenses and Net Income

Death, other policy benefits and change in policy reserves, net of deferrals, were USD 216 million versus USD 230 million. Market Risk benefits gains, net, were USD 1,071 million versus USD 226 million. Interest credited on other contract holder funds was USD 341 million versus USD 313 million, and operating costs and other expenses were USD 712 million versus USD 714 million. Amortization of deferred Acquisition costs was USD 284 million versus USD 275 million.

Total benefits and expenses were USD 542 million versus USD 1,344 million. Pretax income was USD 1,000 million versus USD 72 million, and income tax expense was USD 130 million versus a benefit of USD 19 million.

Net income was USD 870 million versus USD 91 million, and net income attributable to Jackson Financial Inc. was USD 858 million versus USD 76 million. After preferred stock dividends of USD 11 million, net income attributable to common shareholders was USD 847 million versus USD 65 million.

Earnings per Share and Adjusted Results

Basic Earnings Per Share were USD 12.40 versus USD 0.93, and Diluted Earnings per Share were USD 12.37 versus USD 0.92. For the nine months, net income was USD 1,110 million versus USD 258 million, and diluted earnings per share were USD 15.17 versus USD 2.75.

Pretax adjusted operating earnings were USD 612 million versus USD 505 million. By segment, Retail Annuities contributed USD 638 million versus USD 494 million, Institutional Products USD 23 million versus USD 31 million, Closed Life and Annuity Blocks a loss of USD 3 million versus earnings of USD 15 million, and Corporate and Other a loss of USD 46 million versus USD 35 million.

Cash and cash equivalents were USD 4,101 million at September 30, 2026, compared with USD 4,562 million at the prior Balance Sheet date.

Items to Follow

Investors can follow pretax adjusted operating earnings by segment, in particular Retail Annuities at USD 638 million, along with net gains and losses on derivatives and investments, which were a loss of USD 1,421 million in the quarter.

The filing notes that the results of its Variable Annuity Business depend largely on the performance of contract holder account values, and that results of its fixed annuities depend on its ability to earn a spread. Market risk benefits gains were USD 1,071 million.