Athene completed the acquisition of an 11.1% stake in Jackson National Life Insurance from Prudential Financial for $500m.

Athene Holding, a retirement services company, completed the acquisition of an 11.1% stake in Jackson National Life Insurance, a US insurance company and a subsidiary of Prudential Financial, a financial services provider, for $500m. “Athene’s investment in Jackson further strengthens our capital position, as we deliver on our long-term strategic objectives. We look forward to working with Athene as an important investor and remain committed to helping American savers achieve financial freedom for life,” Michael Falcon, Jackson Chief Executive Officer.