Jackson Financial completes separation from UK insurer Prudential
The company's shares are expected to begin regular trading on the New York Stock Exchange on Sept. 20.
Insurer Jackson Financial Inc. has completed its separation from Prudential plc through a demerger.
Lansing, Michigan-based Jackson, now an independent company, expects that its Class A common stock will begin “regular way” trading under the ticker symbol JXN on the New York Stock Exchange next Monday. The stock currently trades on a “when-issued” basis.
[More: Jackson National top seller of annuities in 2020]
Prudential plc, a giant British insurer, is not related to U.S.-based Prudential Financial.
[More: Jackson National’s new variable annuity hints at annuities’ future post-DOL fiduciary rule]
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