Challenger Ltd. operates as an investment management firm, which engages in the provision of financial services. It focuses on providing financial security in retirement. The operates through the following segments: Life, Funds Management and Corporate & Other. The Life segment includes annuity and life insurance business carried out by Challenger Life Co. Ltd. and the Bendzulla Actuarial Pty Ltd. actuarial certificates business. The Funds Management segment offers an end-to-end funds management business, and manages two listed funds and a number of unlisted fund mandates. The Corporate & Other Consists of other income and costs that fall outside the day-to-day operations of the reportable segments. Challenger was founded in 1985 and is headquartered in Sydney, Australia.