May 23, 2018 8:08 AM ET

Insurance

Company Overview of Challenger Life Company Limited

Company Overview

Challenger Life Company Limited provides various life insurance products primarily in Australia. It offers fixed term, lifetime, and CarePlus annuity products; fixed income and fixed rate managed funds; and superannuation products, as well as investment products. The company was formerly known as Challenger Life No. 2 Limited and changed its name to Challenger Life Company Limited in March 2009. The company is based in Sydney, Australia. Challenger Life Company Limited is a subsidiary of Challenger Life Company Holdings Pty Limited.

5 Martin Place

Sydney, NSW 2000

Australia

Phone:

61 2 9994 7000

Fax:

61 2 9994 7777

Key Executives for Challenger Life Company Limited

MD, CEO & Director
CFO & Appointed Actuary
Chief Executive Group Strategy & Corporate Affairs
Chief Executive of Funds Management
Age: 54
Chief Executive, Chief Investment Officer & Principal Executive Officer
Compensation as of Fiscal Year 2017.

Challenger Life Company Limited Key Developments

Challenger Limited Announces Board Changes

Challenger Limited Chairman Peter Polson announced the appointment of two new non-executive directors, as part of the company's Board renewal process outlined at Challenger's AGM. Melanie Willis and John Green will commence as independent non-executive directors of both Challenger Limited and Challenger Life Company Limited, effective December 6, 2017. Ms. Willis has extensive corporate finance, investment and public company experience gained in her executive and non-executive roles across a wide range of industries. Ms. Willis has held senior executive roles at NRMA Investments, Deutsche Bank and Bankers Trust Australia. Ms. Willis is currently a non-executive director of Southern Cross Media Group Limited and Mantra Group Limited, and a Board member of Chief Executive Women. Mr. Green has extensive non-executive experience, including in global financial and professional services. As an executive, Mr. Green was an investment banker at Macquarie Group Limited and was also a partner at two major law firms. Mr. Green is currently Deputy Chairman of QBE Insurance Group Limited, and also a novelist and co-founder of book publisher Pantera Press. The board announced that after more than seven years of service, Jonathan Grunzweig will retire from both the Challenger Limited and Challenger Life Company Limited Boards. Ms. Willis and Mr. Green will offer themselves for election by shareholders at Challenger's Annual General Meeting on 26 October 2018.

Challenger Life Company Limited, Annual General Meeting, Oct 26, 2017

Challenger Life Company Limited, Annual General Meeting, Oct 26, 2017.

Challenger Life Company Limited Announces Audited Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2017

Challenger Life Company Limited announced audited consolidated and parent earnings results for the full year ended June 30, 2017. For the full year, on consolidated basis, the company reported revenue of AUD 1,800.9 million against revenue of AUD 1,601.8 million a year ago. Profit before income tax was AUD 574.2 million against profit before income tax of AUD 450.3 million a year ago. Profit attributable to shareholders of the company was AUD 445.2 million against profit attributable to shareholders of the company of AUD 338.4 million a year ago. Net cash inflows from operating activities was AUD 1,588.7 million against net cash inflows from operating activities of AUD 1,221.7 million a year ago. Payments for net purchases of property, plant and equipment was AUD 7.8 million against payments for net purchases of property, plant and equipment of AUD 1.3 million a year ago. For the full year, on parent basis, the company reported revenue of AUD 1,484.3 million against revenue of AUD 1,222.8 million a year ago. Profit before income tax was AUD 559.3 million against profit before income tax of AUD 414 million a year ago. Profit attributable to shareholders of the company was AUD 445.3 million against profit attributable to shareholders of the company of AUD 316.6 million a year ago. Net cash inflows from operating activities was AUD 1,259.7 million against net cash inflows from operating activities of AUD 1,097.4 million a year ago.

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