Dai-ichi Life was established in 1902 as Japan's first mutual insurance company. Dai-ichi Life demutualised and was listed on the Tokyo Stock Exchange in 2010.
• Japanese sales $240 million, up 33%
TAL Dai-ichi Life Australia Pty Limited (TAL), has agreed to acquire a 15.1% minority interest in Challenger from MS&AD Insurance Group Holdings, Inc. (MS&AD) at a price of ¥763 per share (approximately A$8.46 per share).
The purchase price represents a premium of 53% to Challenger’s closing share price on 4 April 2025. The share sale is subject to customary regulatory approvals including from the Australian Foreign Investment Review Board (FIRB) and the Australian Prudential Regulation Authority (APRA).
There is a chance that anything higher than 15% FIRB may reject the acquisition.
The Japanese are savory people who normally won't overpay.
CGF is a hold for the next 12months
CGF Price at posting:
$6.54 Sentiment: Buy Disclosure: Held
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