Jackson Financial Inc., a leading U.S. retirement services provider based in Lansing, announced that its previously announced separation from Prudential plc through a demerger has been completed.
Jackson, 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 (NYSE) on Sept. 20.
“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,” says Laura Prieskorn, CEO of 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.”
Jackson is supported by its diverse portfolio of products, efficient and scalable operating platform, and leading distribution network. It is focused on maintaining a strong financial profile while delivering consistent and profitable growth, enabling strategic reinvestment in the business, and returning capital to shareholders.
Prudential shareholders voted to approve of the demerger on Aug. 27, and Jackson’s common stock began “when-issued” trading on the NYSE on Sept. 1. Concurrent with the completion of the demerger, the previously announced appointments to Jackson’s Board of Directors became effective.