Challenger (CGF.AX) reported its third quarter total Life sales were A$1.7 billion, up 19% from last year. Funds Management FUM was A$104.5 billion, a decrease of 10% for the quarter, driven by net outflows of A$8.0 billion, A$3.4 billion of negative investment market movements driven by the war in Iran and client distributions of A$0.3 billion.
Challenger has tightened its fiscal 2026 normalised basic EPS guidance to a range of between 66 and 70 cents per share.
Challenger also announced it will redeem all Challenger Capital Notes 3 on 25 May 2026. The redemption enables the business to operate with a lower target PCA range, while maintaining the existing risk appetite.
Challenger shares are trading at A$8.28, down 1.31%.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.