Prudential Public Limited Company (PUK) Company Bio
Prudential plc provides a range of retail financial products and services, and asset management services to individuals and businesses in Asia, Europe, the United States, and the United Kingdom. It offers health, disability, critical illness, and accident coverage products. The company was founded in 1848 and is based in London, United Kingdom.
Jackson National Life Insurance Company® (Jackson®) and the Insured Retirement Institute (IRI) today announced results from a new research study that was fielded in the midst of the COVID-19 global pandemic. Conducted between April 8-17, 2020, the online survey found more than half (55%) of financial professionals believe 25% or more of their client base is at risk of running out of money during retirement. Conversely, a mere 4% report none of their clients are at risk, illustrating the vast majority of financial professionals feel at least one or more of their clients are in danger of exhausting their retirement savings.
Prudential (PUK) +7% sold a minority stake in its indirect subsidiary Jackson to Athene (ATH) for $500M. $500M equates to 9.9% voting interest corresponding to a 11.1% economic interest in Jackson.In another transaction, Athene to fully reinsure $27.6B of Jackson’s in-force book of fixed and fixed index annuity liabilities for ~1.25B in ceding commission.The combined...