Industry lifetime annuity sales currently represent less than 2% of the annual transfer from the retirement savings (accumulation) phase to the retirement spending (retirement) phase. Challenger is focused on growing the allocation of Australian retirement savings to secure and stable incomes.

  • Proof Point

    Added new RBA Cash Linked lifetime annuity option

  • Proof Point

    Commenced US$ reinsurance and exceeded target1

  • Proof Point

    Life Risk profits —Present value of future profits up 67%2

  1. At least ¥50 billion (~A$670 million) reinsurance per year for a minimum of five years from MS Primary, subject to review in the event of a material adverse change for either MS Primary or Challenger Life. A$ amount based on 30 June 2020 exchange rate.
  2. Life Risk represents wholesale reinsurance longevity and mortality business. The present value of future profits increased 67% to $829m.