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Strategies & Market Trends : Value Investing

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To: scbeachbum who wrote (69205)	11/28/2021 10:41:38 AM
From: E_K_S	of 78669

Re: Jackson Financial Inc. (JXN) 32.87 -1.30 (-3.80%) Was having a difficult time finding the most recent financials post spin off. As I stated in an earlier post, there could be a quarter (or more) of Kitchen Sink clean up, specifically the debt that got transferred and/or other liabilities. Below is what I found on the Yahoo Financial site. My go to site from barchart has not posted any updated financial yet. Div yields 5.85% Based on the above, Price/stated BV is indeed 30% (well below Paul's 50% metric). For me it is hard to know the 'Quality' of the assets (are there less than corporate grade bonds ?). Total Cash compared to Debt looks fine but still (like the big banks) unsure of the composition of their debt. For me, I have a hard time understanding all insurance company's debt and if they use options/derivatives to increase leverage which may/could explode. That said, might be worth starting a small position to add to my UMN position. Position will be small since this industry (insurance sector) 'blew up" during the 2009 financial crash. I see that UNM was 50% lower in 2009 and PRU was more than 500% lower ($16/share vs $105/share).

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