XML 80 R68.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Information - Reconciliation of Net Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2022
Segment Reporting Information [Line Items]            
Pretax adjusted operating earnings $ 4,139 $ 1,465 $ 4,139 [1] $ (589) $ 6,752 $ 6,752 [1]
Guaranteed Benefits And Hedging Results [Abstract]            
Net movement in freestanding derivatives       (4,730)   1,497 [2]
Market risk benefits gains (losses), net (1,184) 2,570 (1,184) [1] 2,744 723 723 [1]
Net realized investment gains (losses)       (108)   (125) [2]
Net investment income on funds withheld assets   252 364 [1] 559   624 [1]
Pretax income (loss) attributable to Jackson Financial Inc   1,462 4,108 (593)   6,690
Income tax expense (benefit) 845 245 845 [1] (313) 1,233 1,233 [1]
Net income (loss) attributable to Jackson Financial Inc. $ 3,263 1,217 3,263 [1] (280) $ 5,457 5,457 [1]
Less: Dividends on preferred stock   13 0 13   0
Net income (loss) attributable to Jackson Financial Inc. common shareholders, basic   1,204 3,263 [1] (293)   5,457 [1]
Segment Reconciling Items            
Guaranteed Benefits And Hedging Results [Abstract]            
Fees attributed to guarantee benefit reserves   781 765 1,561   1,529
Net movement in freestanding derivatives   (1,911) 2,847 (4,423)   1,371
Market risk benefits gains (losses), net   2,570 (1,184) 2,744   723
Net reserve and embedded derivative movements   (194) 0 (383)   (40)
Amortization of DAC associated with non-operating items at date of transition to LDTI   (149) (166) (302)   (339)
Total guaranteed benefits and net hedging results   1,097 2,262 (803)   3,244
Net realized investment gains (losses)   (40) 5 (108)   (125)
Net realized investment gains (losses) on funds withheld assets   (134) 1,077 (807)   2,105
Net investment income on funds withheld assets   252 364 559   624
Other items   $ (18) $ (64) $ (41)   $ (67)
[1] (1) Recast for the adoption of ASU 2018-12. See Notes 1 and 2 to the Condensed Consolidated Financial Statements.
[2] (1) Recast for the adoption of ASU 2018-12. See Notes 1 and 2 to the Condensed Consolidated Financial Statements.