Jackson Financial completes demerger from British insurer Prudential

US retirement services provider Jackson Financial has wrapped up its previously announced demerger from UK-based insurance company Prudential plc.

Jackson Financial, which is now a standalone company, is expected to begin trading on the New York Stock Exchange (NYSE) under the JXN ticker symbol on 20 September 2021.

Jackson Financial offers a variety of annuity products, financial expertise, service, and streamlined experiences aimed at making retirement planning easier.

The retirement services provider said that it is focused on sustaining a robust financial profile while driving consistent profitable growth to facilitate strategic reinvestment in the business and returning capital to shareholders.

Jackson Financial completes demerger from British insurer Prudential. Image courtesy of Tumisu from Pixabay.

Laura Prieskorn — CEO of Jackson Financial said: “Today marks a key milestone for Jackson, which wouldn’t have been possible without our associates’ unrelenting dedication to our mission of helping people achieve financial freedom for life.

“As a leader in the U.S. retail annuity market, we are entering this new chapter on solid financial footing, with a focused strategy to drive growth and create value for our customers, associates and shareholders as a public company.”