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Challenger Limited (ASX:CGF)

ALERT: Price-sensitive ASX Announcement for CGF
Current share price for CGF : $10.200 0.51 (5.26%)+
Announcement
Release
18 Aug 2026 7:47AM
Price at Release
$9.690
Full Release
download
Summary
Challenger Limited reported strong growth and strategic advancements in its FY26 results. Statutory NPAT increased by 163% to $506 million, driven by higher normalised NPAT and positive asset and liability experience. Total Life sales rose by 12% to $9.6 billion, with domestic annuity sales up 17% and offshore reinsurance sales up 25%. The company enhanced its retirement income leadership through new partnerships with major super funds and wealth managers. Challenger also announced the proposed merger of Fidante with Channel Capital, expected in late 1H27, and maintained a robust capital position with a PCA ratio of 1.38 times APRA's minimum. The year saw significant emphasis on capital management, including share buy-backs and the redemption of Challenger Capital Notes 3. Looking forward, Challenger aims to continue its growth momentum and deliver value to investors.
Key Points
  • Statutory NPAT increased 163% to $506 million.
  • Total Life sales grew 12% to $9.6 billion.
  • Strong growth in domestic and offshore annuity sales.
  • New retirement partnerships with Insignia, BT, and Colonial First State.
  • Proposed merger of Fidante with Channel Capital.
  • Strong capital management with a PCA ratio of 1.38 times.
  • Introduction of Challenger Annuity-Backed Notes program.
  • Challenger redeemed Challenger Capital Notes 3.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.