Challenger Financial Services Group Ltd
(ASX:CGF) has reported a loss of $91 million for the year worse than the $44.2 million loss recorded last year.
However the company says normalised net profit came to $219 million up slightly on last year.
Just last week Challenger sold its mortgage business to NAB for $385 million.
CEO Dominic Stevens says despite testing market conditions, the company finished the year with an increase in normalised profits and enviable cash and capital balances to fund future growth.
Mr Stevens says the company is well funded and poised to add to its investment management capabilities.
Challenger declared a final dividend of 7.5 cents a share.
Challenger Financial Services posted a loss in 2008 after a high of $255 million the year before.
