Feb 12 (Reuters) - Challenger Ltd CGF.AX :
* FOR 2019, CO HAS REVISED ITS EXPECTED EARNINGS RANGE FROM 8% TO 12% GROWTH ON 2018
* FOR 2019, CO EXPECTS NORMALISED NET PROFIT BEFORE TAX OF BETWEEN $545 MILLION AND $565 MILLION
* THE NORMALISED PRE-TAX ROE IN 2019 IS NOT EXPECTED TO REACH THE 18% TARGET DUE TO LOWER EARNINGS IN 2019.
* FOR 2019, CHALLENGER EXPECTS TO ACHIEVE A FULLY FRANKED DIVIDEND PAYOUT RATIO OF 45% TO 50% OF NORMALISED PROFIT
* NORMALISED COST TO INCOME RATIO IS FORECAST TO REMAIN IN THE RANGE OF 30–34% OVER THE MEDIUM TERM