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Stock impact report

Jackson Reports 2020 Financial Results¹, Continues Demerger Preparations

Prudential Public Limited Company (PUK) 
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Business Wire
Company generates IFRS pre-tax operating income of $2.8 billion;Separation from Prudential plc targeted for 2Q 2021 LANSING, Mich.--(BUSINESS WIRE)--Jackson® today announced its full-year financial results, generating $2.8 billion in IFRS pre-tax operating income2 in 2020. Jackson also reported $19.2 billion in total sales and deposits3, noting significant growth in variable annuity and advisory sales.At the end of January, Prudential plc (Prudential; NYSE: PUK), Jackson’s parent company, announced it intends to separate Jackson through a demerger distribution, whereby shares of Jackson’s Class A common stock will be distributed to existing Prudential shareholders. At the time of separation — planned for the second quarter of 2021 — Jackson expects to apply to list its Class A common stock on the New York Stock Exchange under the symbol “JXN.”Jackson also recently announced Laura Prieskorn has been appointed Chief Executive Officer and Marcia Wadsten has been named Chief Financial Show less Read more
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