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Showing 41 - 50 of 57 results for "Annuity sales"

Annuity sales reinforce solid Challenger result

MARK SMITH  |  MONDAY, 19 AUG 2013
Challenger Limited's total assets under management (AUM) has risen 34% to $44.8 billion in the 12 months to 30 June 2013 following record flows into its annuities and funds management businesses. Earnings before interest and tax stood at $365 million ...

Challenger FUM grows 7% in March quarter

LAURA MILLAN  |  THURSDAY, 18 APR 2013
... March 2013, an increase of 30% for the year and up 7% for the quarter. Challenger Life, the division behind the annuity sales, reached $10.2 billion on assets under management. The retail annuity sales for the quarter were $354 million, in line with ...

Annuities boost Challenger growth

LAURA MILLAN  |  THURSDAY, 28 FEB 2013
... bolstered the demand for annuities in recent years, Challenger CEO Brian Benari said. The 'tenor' of new retail annuity sales has also lengthened as it went from 5.4 years in 2012 to 6.2 years this half year. Also, three years ago, the average tenor ...

Challenger AUM swells to $35.2bn

MARK SMITH  |  THURSDAY, 18 OCT 2012
... growing both our life and funds management businesses and can confirm that we are on track to meet our 2013 retail annuity sales growth target of 15%, $2.25 billion, as well as net book growth of 10%. "Importantly, we are successfully extending tenor ...

Challenger attributes 20% profit growth to annuity/life

MELANIE TIMBRELL  |  MONDAY, 20 AUG 2012
... MIR Investment Management by Challenger's Fidante Partners brand. The company's 2013 targets are 15% for retail annuity sales growth and 10% for net retail book growth, with upwards of $440 million in cash earnings for the Life company.

Variable annuity sales in the UK reach GBP1bn

BEN COLLINS  |  MONDAY, 23 APR 2012

Strong half year results for new Challenger boss

CLAIRE MCGREAL  |  MONDAY, 20 FEB 2012
... interim total annuity product sales of $1.27 billion, up 74% to December 31, 2011. This includes combined retail annuity sales of $938 million and institutional product sales of $288 million, off the back of which, the firm has increased its full-year ...

Challenger dominates annuity market

ELISE BURGESS  |  MONDAY, 5 DEC 2011
... For Life, with Challenger dominating the space. According to the latest figures, the total number of Australian annuity sales is set to reach $2 billion in calendar year 2011 with provider Challenger owning some 83% of the inflows. This is a major increase ...

Market Wrap - Midday

AAP  |  THURSDAY, 20 OCT 2011
... annuities in the first quarter, putting the company on track to meet its target of a 25 per cent increase in retail annuity sales for the year. In other news on Thursday, packaging maker Amcor said it remains confident of achieving earnings growth in ...

Retail annuity sales boost Challenger results

MATT WOODINGTON  |  THURSDAY, 20 OCT 2011
Challenger Life's retail annuity sales rose 13% in the quarter ending September 30, totalling $509 million for the three months. This was the biggest quarterly total the company has had, excluding one-off transactions. Challenger Life's total annuity ...