Company Profile For Challenger Financial Services Group Limited

Challenger Financial Services Group Limited is engaged in the provision of financial services. It operates in Mortgage Management, Life, Funds Management and Corporate segments. Life includes annuity and life insurance business carried out by Challenger Life Company Limited. The Mortgage Management segment is a white label funding provider for the commercial and residential mortgage lending market, and also distributes mortgages through ownership of broker aggregation platforms. Funds Management earns fees from its operations in the funds management and specialized funds fields providing an end to end funds management business, as well as managing four listed funds: fixed interest and mortgage funds, Australian shares, property funds and international share funds, and a number of unlisted fund mandates. In October 2009, Challenger Financial Services Group Ltd. completed the sale of its Mortgage Management operations to National Australia Bank Ltd.

BRIEF: For the fiscal year ended 30 June 2009, Challenger Financial Services Group Limited's revenues decreased 20% to A$1.97B. Net loss totaled A$90.7M vs. an income of A$44.2M. Revenues reflect a decrease in revenue from funds management and lower corporate & other segments income. Net loss also reflects an increase in commission expenses, higher depreciation expenses, an increase in communication expenses and higher amortisation.

Challenger Financial Services Group Limited
Level 15
255 Pitt Street
Sydney   NSW   2000
P: +612.99947000
F: +612.99947777

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