When U.K.-based Prudential plc (NYSE: PUK) spun off its U.S. annuity business as Jackson Financial (NYSE: JXN) in September 2021, investors might have thought it was a complicated, hand-me-down life insurer. For its first two years, the stock barely moved.
Three years later, that has all changed. A record quarter and a significant leadership transition together make this an important moment to size up whether the company’s rally has more room to run.
