Prudential May Adjust Jackson National Stock Sale Plan

March 31, 2020 by Allison Bell

Market turmoil could make Prudential PLC change its strategy for getting outside cash into Jackson National Life Insurance Company.

The British Prudential has been talking about selling a minority stake in Jackson to investors, through a public stock offering.

Mike Wells, Prudential’s group executive officer, now says that the economic uncertainty created by COVID-19 could force Prudential to be flexible about how it executes its corporate strategy.

The British Prudential, which is based in London and has no connection with Prudential Financial Inc. of Newark, New Jersey, has large operations in Asia.

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Originally Posted at ThinkAdvisor on March 27, 2020 by Allison Bell.