Challenger Ltd

CGF: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Challenger: Life Business Holds Up, but Asset Management Weakens

Shaun Ler

Apr 21, 2026

Challenger's life book, comprising annuities and special institutional products, grew 1% in the third quarter of fiscal 2026, versus negative 1% in the same time last year. Meanwhile, funds under management declined 9%.

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Challenger Ltd

Challenger: Life Business Holds Up, but Asset Management Weakens

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