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Showing 1 - 10 of 24 results for "Total Life"

Wealth managers' recovery looks promising: Research

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... sales. For example, its March quarter annuity net book growth was 1% lower than Morgan Stanley's estimates and the total life book growth was negative, though longer duration sales were stronger. APRA's upcoming capital review could also help ...

Challenger posts mixed Q3 FY25 result

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... stood at $125.6 billion, down 4% for the quarter. The sales figures have, however, perceived positive results, with total life sales recording $1.4 billion supported by longer tenor annuity sales. Annuity sales increased by 20% to $1 billion aided by ...

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... noted that the Life business maintained its momentum, with record lifetime and Japanese annuity sales contributing to total Life sales of $4.6 billion. "Our focus on longer duration sales has lengthened the tenor of our liabilities and is supporting ...

Adviser number growth shoots?

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... and advised insurance, Ramrakha said. He added that superannuation remains the primary source of insurance, and while total life insurance flows have remained relatively flat, risk inflows - which make up the majority of these flows - show no significant ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
Generation Development Group (GDG) has reported record growth in the September quarter with its funds under management (FUM) now nearing $3.6 billion on the back of major inflows. GDG's FUM is up 33% - close to $1 billion - on the prior corresponding ...

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 reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... 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 by 50%. ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... 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. Retail ...

Challenger expects to reach full-year profit guidance

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
... $480 million 2022 financial year guidance range. This positive guidance was driven by a 10% or$2.7 billion increase in total life sales. On the results, Challenger managing director and chief executive Nick Hamilton said: "This quarter, our business ...

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...
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