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.
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.”