---
schema_version: "secwatch.filing_event.v1"
accession: "0001822993-23-000014"
form_type: "8-K"
ticker: "JXN"
cik: "0001822993"
company_name: "Jackson Financial Inc."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:35:43.955068+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Jackson Financial adopts LDTI accounting; recasts 2021-2022 financials with equity impacts

## Summary
- Equity decreased $3.0B at Jan 1, 2021 transition; increased $223M at Dec 31, 2022 due to higher rates.
- Adjusted book value fell ~$1.9B at Dec 31, 2022; leverage ratio rises to 21%.
- Net income increased $489M for 2022 and $234M for 2021 under LDTI; no change to hedging strategy.
- No impact on statutory capital or shareholder returns; go-forward DAC amortization modestly higher.
- Enhanced disclosures now include disaggregated rollforwards and updates to liability assumptions.

## SEC filing metadata
- accession: 0001822993-23-000014
- form_type: 8-K
- ticker: JXN
- cik: 0001822993
- company_name: Jackson Financial Inc.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822993/000182299323000014/0001822993-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822993/000182299323000014/jxn-20230322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822993-23-000014
- JSON: https://secwatch.observer/filing/0001822993-23-000014.json
- Plain text: https://secwatch.observer/filing/0001822993-23-000014.txt

## Key facts
- Earnings Releases
  Jackson Financial Inc. reported preliminary financial results for the quarters and years ended 2021 and 2022.
  - Period: the quarters and years ended 2021 and 2022
  - Result: preliminary results
  source text: Jackson Financial Inc. (the “Company,” “we,” “our,” or “us”) is furnishing, as Exhibit 99.1, a historical financial supplement for the quarters and years ended 2021 and 2022 that has been recast to reflect the adoption of U.S. GAAP Accounting Standards Update 2018-12 related to targeted improvements to the accounting for long-duration contracts (“LDTI”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822993/000182299323000014/0001822993-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.