Financial highlights

Normalised profit ($m)1

  1. Normalised net profit before tax
  2. Normalised net profit after tax
  1. Preferred measure of underlying business performance
  2. Lower earnings reflects challenging investment markets

Statutory net profit after tax ($m)1

  1. Includes valuation changes on Life’s assets and liabilities
  2. FY20 impacted by realised and unrealised investment losses following market sell-off

Group assets under management ($bn)

  1. Value of assets managed by Challenger
  2. Increased by 4% despite COVID-19 pandemic market sell-off

CLC excess capital ($bn)
CLC PCA ratio (times)2

  1. Challenger Life Company Ltd (CLC) excess regulatory capital
  2. CLC Prescribed Capital Amount (PCA) ratio2
  1. Level of capital held above regulatory requirements
  2. Holding 81% more than APRA minimum requirements
  1. The normalised profit, which is not statutory profit, is not audited but subject to a review by Challenger’s auditor. Normalised profit framework and a reconciliation to statutory net profit after tax is disclosed in the 2020 Annual Report – Operating and Financial Review section.
  2. PCA ratio represents total Challenger Life Company Limited (CLC) Tier 1 and Tier 2 regulatory capital base divided by the Prescribed Capital Amount.

Operational highlights

Increase the use of secure retirement income streams

See progress

Lead the retirement incomes market and be the partner of choice

See progress

Provide our customers with excellent funds management solutions

See progress

Maintain leading operational and people practices

See progress