Jackson Financial Inc-A 2025年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____Commission File Number:001-40274Jackson Financial Inc.(Exact name of registrant as specified in its charter) 98-0486152 (I.R.S. Employer Identification No.) (517)381-5500(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☑Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ As of May 1, 2025, there were71,438,520shares of the registrant’s Common Stock, $0.01 par value, outstanding. TABLE OF CONTENTSPART I—FINANCIAL INFORMATION Item 1. Financial StatementsCondensed Consolidated Balance Sheets as of March31, 2025 and December31, 2024Condensed Consolidated Income Statementsfor the three months ended March31, 2025 and 2024Condensed Consolidated Statements of Comprehensive Income (Loss)for the three months ended March31, 2025 and 2024Condensed Consolidated Statements of Equityfor the three months ended March31, 2025 and 2024Condensed Consolidated Statements of Cash Flowsfor the three months ended March31, 2025 and 2024Notes to Condensed Consolidated Financial StatementsNote 1. Business and Basis of PresentationNote 2. New Accounting StandardsNote 3. Segment InformationNote 4. InvestmentsNote 5. Derivative InstrumentsNote 6. Fair Value MeasurementsNote 7. Deferred Acquisition CostsNote 8. ReinsuranceNote 9. Reserves for Future Policy Benefits and Claims PayableNote 10. Other Contract Holder FundsNote 11. Separate Account Assets and LiabilitiesNote 12. Market Risk BenefitsNote 13. Long-Term DebtNote 14. Federal Home Loan Bank AdvancesNote 15. Income TaxesNote 16. Commitments and ContingenciesNote 17. Operating Costs and Other ExpensesNote 18. Accumulated Other Comprehensive Income (Loss)Note 19. EquityNote 20. Earnings Per ShareNote 21. Subsequent EventsItem 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsForward-looking Statements - Cautionary LanguageAvailable InformationPrincipal Definitions, Abbreviations and Acronyms Used in the Text and Notes of this ReportOverview of Management's Discussion and Analysis of Financial Condition and Results of OperationsExecutive SummaryKey Operating MeasuresMacroeconomic, Industry, and Regulatory TrendsNon-GAAP Financial MeasuresConsolidated Results of OperationsSegment Results of OperationsInvestmentsPolicy and Contract LiabilitiesLiquidity and Capital ResourcesImpact of Recent Accounting PronouncementsSummary of Critical Accounting EstimatesItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II—OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk Factors Item 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 5. Other InformationItem 6. Exhibits SIGNATURES Jackson Financial Inc.Condensed Consolidated Balance Sheets(in millions, except share data) Jackson Financial Inc.Condensed Consolidated Income Statements(Unaudited, in millions, except per share data) Jackson Financial Inc.Condensed Consolidated Statements of Comprehensive Income (Loss)(Unaudited, in millions) Jackson Financial Inc.Condensed Consolidated Statements of Equity(Unaudited, in millions) Jackson Financial Inc.Condensed Consolidated Statements of Cash Flows(Unaudited, in millions) Jackson Financial Inc.Condensed Consolidated Statemen