Feb 13 (Reuters) - Challenger Ltd CGF.AX :
* EXPECTS TO MAINTAIN A FULLY FRANKED DIVIDEND PAYOUT RATIO OF 45% TO 50% OF NORMALISED NPAT
* FOR FY18, CO ON TRACK TO ACHIEVE NORMALISED NET PROFIT BEFORE TAX GUIDANCE OF BETWEEN $545 MILLION & $565 MILLION
* CONTINUES TO TARGET AN OVERALL NORMALISED PRE-TAX ROE OF 18% OVER MEDIUM TERM
* "CONTINUES TO TARGET AN OVERALL NORMALISED PRE-TAX ROE OF 18 PERCENT OVER MEDIUM TERM"
* FY18 ROE WILL BE AFFECTED BY HIGHER LEVELS OF CAPITAL FROM MS&AD EQUITY PLACEMENT
* "ROE IS EXPECTED TO INCREASE FROM CURRENT LEVELS AS BENEFITS FROM NEW CAPITAL ARE GENERATED"