Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Prudential plc
  6. News
  7. Summary
    PRU   GB0007099541


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Prudential : Jackson Financial Completes Separation From Prudential

09/13/2021 | 09:08am EDT

“Regular Way” Trading on NYSE Expected to Commence on September 20, 2021

Jackson Financial Inc.1 (Jackson®) today announced that it has completed its previously announced separation from Prudential plc (Prudential; NYSE: PUK) through a demerger. Jackson is now an independent company, and its Class A common stock is expected to commence “regular way” trading under the ticker symbol “JXN” on the New York Stock Exchange on September 20, 2021.

Jackson is a leading U.S. retirement services provider with market leadership supported by its diverse portfolio of differentiated products, efficient and scalable operating platform and industry-leading distribution network. Jackson is focused on maintaining a strong financial profile while delivering consistent profitable growth, enabling strategic reinvestment in the business and returning capital to shareholders.

“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,” said Laura Prieskorn, Chief Executive Officer, Jackson. “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.”

Prudential shareholders voted to approve the demerger on August 27, 2021, and Jackson’s Class A common stock began “when-issued” trading on the New York Stock Exchange on September 1, 2021. Prudential shareholders of record as of the close of business on September 2, 2021 received a distribution of one share of Jackson’s Class A common stock for every 40 shares of Prudential ordinary stock held on the record date.

Concurrently with the completion of the demerger, the previously announced appointments to Jackson’s Board of Directors became effective. For more information about Jackson, please visit https://investors.jackson.com/home.

About Jackson

Jackson® is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all of our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Contact Center Awards Program for 2004 and 2006-2020. (To achieve world-class certification, 80% or more of call-center customers surveyed must have rated their experience as very satisfied, the highest rating possible.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company®, and Jackson National Life Insurance Company of New York®.

This press release may contain certain statements that constitute “forward-looking statements.” Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. However, as with any projection or forecast, forward-looking statements are inherently susceptible to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. There can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished. Any forward-looking statements reflect Jackson’s views and assumptions as of the date of this press release and Jackson disclaims any obligation to update forward-looking information.

1 Jackson Financial Inc. (“JFI”) is a U.S. holding company and the direct parent of Jackson Holdings LLC (“JHLLC”). The indirect, wholly-owned subsidiaries of JHLLC include Jackson National Life Insurance Company and PPM America, Inc.

ę Business Wire 2021
All news about PRUDENTIAL PLC
08:12aPRUDENTIAL : Notification and public disclosure of transactions by persons discharging man..
10/13European ADRs Move Higher in Wednesday Trading
10/12PRUDENTIAL : Asian Development Bank boosts 2019-2030 climate financing goal to $100 billio..
10/12PRUDENTIAL : Asian Development Bank boosts climate financing goal to $100 billion through ..
10/12European ADRs Slightly Higher Tuesday Morning, Led by Biotechs
10/12PRUDENTIAL : Notification and public disclosure of transactions by persons discharging man..
10/08European ADRs Move Higher in Friday Trading
10/08PRUDENTIAL : Notification and public disclosure of transactions by persons discharging man..
10/08GENERAL ANNOUNCEMENT : :Notification and public disclosure of transactions by PDMRs and pe..
10/07PRUDENTIAL : Receives a Buy rating from Morgan Stanley
More news
Analyst Recommendations on PRUDENTIAL PLC
More recommendations
Sales 2021 21 313 M 29 304 M 29 304 M
Net income 2021 4,64 M 6,38 M 6,38 M
Net Debt 2021 - - -
P/E ratio 2021 -75,6x
Yield 2021 0,87%
Capitalization 39 750 M 54 701 M 54 653 M
Capi. / Sales 2021 1,87x
Capi. / Sales 2022 1,55x
Nbr of Employees 16 226
Free-Float 99,6%
Duration : Period :
Prudential plc Technical Analysis Chart | PRU | GB0007099541 | MarketScreener
Technical analysis trends PRUDENTIAL PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 15
Last Close Price 14,55 GBX
Average target price 1 644,45 GBX
Spread / Average Target 11 206%
EPS Revisions
Managers and Directors
Michael Andrew Wells Group Chief Executive Officer & Executive Director
Mark Thomas FitzPatrick Group COO, CFO & Executive Director
Shriti Vinodkant Vadera Chairman
Stuart James Turner Executive Director & Chief Compliance Officer
Philip John Remnant Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
AXA21.46%65 568
METLIFE, INC.39.55%56 144