Generation Development Group Limited (AU:GDG) has released an update.
Generation Development Group has reported robust financial growth, highlighting a 23% 3-year CAGR with $3.3bn in funds under management (FUM) for Investment Bonds, making it the second-largest in market share and the leader in inflows. The company also launched an Investment Linked Lifetime Annuity product, amassing over $33m in FUM since FY22, and acquired 100% of Lonsec, contributing to a significant 76% CAGR in overall FUM and a 37% increase in underlying EBITDA.
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