Challenger receives S&P credit rating upgrades for company and life division

Challenger Limited announced on November 25, 2025, that S&P Global Ratings upgraded the long-term financial strength and issuer credit ratings for Challenger Life Company Limited (CLC) and Challenger Limited. CLC's rating improved to 'A+' from 'A', while Challenger Limited's rating advanced to 'A-' from 'BBB+'. The outlook for these ratings is stable.

S&P attributed the upgrade to CLC's sustained market leadership in the Australian annuities market, favorable regulatory conditions, and robust retirement savings trends that bolster earnings. The ratings agency also highlighted CLC's risk management framework as a competitive advantage and its strong capital adequacy.

Challenger is an investment management firm focusing on financial security for retirement, operating a Funds Management division and an APRA-regulated Life division. Challenger Life Company Limited is Australia's leading provider of annuities.