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Challenger (Challenger) Accounts Payable & Accrued Expense for Financial Companies


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What is Challenger Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Challenger (Challenger) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (OTCPK:CFIGY) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
Address
5 Martin Place, Level 2, Sydney, NSW, AUS, 2000
Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an up-front lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.