InvestSMART

Challenger Limited (ASX:CGF)

ALERT: Price-sensitive ASX Announcement for CGF
Current share price for CGF : $9.940 0.25 (2.58%)+
Announcement
Release
18 Aug 2026 7:46AM
Price at Release
$9.690
Full Release
download
Summary
Challenger Limited announced its FY26 results, reporting a 3% increase in normalised net profit after tax to $468 million, aligning with the earnings guidance. This growth was supported by a 19% increase in annuity sales, reaching $6.2 billion, and the expansion of their offshore reinsurance platform. The company launched a $6 billion Challenger Annuity-Backed Notes (CABN) program to support annuity book growth and diversify funding channels. Challenger also strengthened its retirement income leadership through new partnerships with superannuation funds and technology providers. The company's capital management strategy included a fully franked full-year dividend of 31.5 cents per share, an upsized share buy-back to $450 million, and maintaining a strong capital position with a PCA ratio of 1.38 times. Looking forward, Challenger plans to report under a new Group reporting framework from FY27.
Key Points
  • Challenger Limited's normalised NPAT increased by 3% to $468 million.
  • Annuity sales rose by 19% to $6.2 billion.
  • Launched $6 billion CABN program for annuity book growth.
  • Strengthened retirement income leadership with new partnerships.
  • Fully franked full-year dividend set at 31.5 cents per share.
  • Upsized share buy-back program to $450 million.
  • Maintained a strong PCA ratio of 1.38 times.
  • New Group reporting framework to be implemented from FY27.
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.