In its first quarter earnings results, Challenger announced a 2 per cent increase in total life sales to $2.8 billion driven by record quarterly annuity sales, alongside 3 per cent rise in groups assets under management (AUM) to $107 billion.
"Challenger has started FY24 well, demonstrating our progress in executing a range of strategic initiatives to drive growth and extend the duration of annuity business to improve book quality,” said managing director and chief executive officer, Nick Hamilton.
“Our Life business delivered another strong performance, with annuity sales driving book growth of 4.2 per cent. In particular, sales of lifetime and […]
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