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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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.