GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (ASX:CGF) » Definitions » Net Loan

Challenger (ASX:CGF) Net Loan


View and export this data going back to 2003. Start your Free Trial

What is Challenger Net Loan?

Net Loan only applies to banks and insurance companies.


Challenger Business Description

Traded in Other Exchanges
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 upfront 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.