Jackson Financial Inc. Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (in millions, except share and per share data) | |||||||||||||||||
| Net income (loss) attributable to Jackson Financial Inc. | $ | 27 | $ | 946 | $ | 934 | |||||||||||
| Less: Preferred stock dividends | 44 | 44 | 35 | ||||||||||||||
| Net income (loss) attributable to Jackson Financial Inc. common shareholders | $ | (17) | $ | 902 | $ | 899 | |||||||||||
| Weighted average shares of common stock outstanding - basic | 70,978,898 | 76,049,665 | 81,799,820 | ||||||||||||||
| Dilutive common shares | 207,171 | 759,722 | 1,777,406 | ||||||||||||||
| Weighted average shares of common stock outstanding - diluted | 71,186,069 | 76,809,387 | 83,577,226 | ||||||||||||||
| Earnings per share—common stock | |||||||||||||||||
| Basic | $ | (0.24) | $ | 11.86 | $ | 10.99 | |||||||||||
| Diluted | $ | (0.24) | $ | 11.74 | $ | 10.76 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 7, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.