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Showing 1 - 10 of 51 results for "Annuity sales"

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
Challenger reported Total Life sales for the first quarter reached $2.8 billion, primarily driven by record annuity sales, contributing to substantial growth in its book value. The investment manager said annuity sales jumped by 17% to $2.1 billion ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... greying population as retail and institutional investors alike increasingly turn to retirement income products. Annuity sales stemming from the domestic retail market jumped 53% to $3.6 billion in FY23, split across retail term annuity sales of $2.9 ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... regulated in Australia, is significant," Hamilton said. The deal will be reflected in Challenger's Q1 FY24 lifetime annuity sales results, it said. The group's Q3 FY23 results showed lifetime annuity sales increased 36% to $147 million, however ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
In an ASX announcement, Challenger reported a significant uptick in retail annuity sales in quarter three. Challenger's total Life sales were $2 billion, reflecting strong retail and Japanese sales. However, institutional sales ($1 billion) fell ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... fixed income credit spreads widening. Higher interest rates have also helped drive margin expansion and demand for annuity sales. Total Life sales were up 11% to $5.5 billion, driven by "exceptional" growth in retail annuity sales; up 89% to $2.1 billion. ...

Challenger appoints Duncan West as chair

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... pandemic which continues to bring challenges for the economy, the community the business. "We achieved record life and annuity sales and remain disciplined on management of our expenses. Clearly, the macro-economic environment presents both challenges ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... transaction fees. In addition, Challenger Life recorded a 10% increase in sales to $3.4 billion, including long-term annuity sales while domestic annuity sales were up 11%. Earnings before interest and tax was $193 million. The annuities business changed ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales were down about 12% to just $3.1 billion. Domestic annuity sales were -$0.9 billion and Japan sales were up $0.5 billion. Other ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales were down about 12% to just $3.1 billion. Domestic annuity sales were -$0.9 billion and Japan sales were up $0.5 billion. Other ...

Challenger winds up boutique partnership

KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
... portfolio managers of Latigo's investment vehicles. In the March quarter, Challenger's life sales were up 9% pcp (annuity sales fell 10% to $593 million but other life sales rose 71% to $356 million), life investment assets fell 4% and funds management ...
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