Challenger Limited ( (AU:CGF) ) just unveiled an update.
Challenger Limited has reported a strong performance for the first half of FY25, achieving a 12% increase in normalised net profit after tax (NPAT) to $225 million. The company’s strategic focus on longer duration annuity sales has resulted in record sales in both retail lifetime and Japanese annuities. Additionally, group assets under management increased by 3% to $131 billion, and the company declared a fully franked interim dividend of 14.5 cents per share, reflecting a 12% rise. These results highlight Challenger’s effective execution of its growth strategy and the successful re-platforming of its customer and investment technology, setting a strong foundation for future growth and continued market leadership.
More about Challenger Limited
Challenger Limited is a prominent company in the financial services industry, primarily engaged in providing retirement income solutions and investment management services. With a significant focus on its Life business, Challenger is recognized as Australia’s leading retirement income brand, offering products that ensure financial security and confidence for retirees.
YTD Price Performance: 3.34%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.68B
For an in-depth examination of CGF stock, go to TipRanks’ Stock Analysis page.