Business
Final Results
Chesnara plc reported a transformational year in 2025, marked by significant strategic progress and strong financial performance. Operating Capital Generation increased by 19% to £94m, while Cash Remittances rose by 30% to £58m. The company's Solvency Coverage Ratio improved by 54 percentage points to 257%, with Own Funds growing by 34% to £859m. Adjusted Operating Profit saw a substantial 42% increase to £56m, and Assets under Administration grew by 10% to £15bn. Key strategic milestones included the completion of the HSBC Life (UK) acquisition, rebranded as Chesnara Life, and the announcement of the Scottish Widows Europe SA acquisition, alongside a successful £140m equity raise and a £150m RT1 bond raise. The Board is recommending a 6% increase in the final dividend to 14.80p per share, bringing the total FY 2025 dividend to 22.50p per share. Disclaimer*
About this update from Chesnara Plc
[{"type":"text","content":"\n\n \n24 March 2026\n \nLEI Number: 213800VFRMBRTSZ3SJ06\n \nChesnara plc (CSN.L)\n(\"Chesnara\" or \"the Company\")\n \n \nDRIVING STRATEGIC CHANGE, BUILDING FUTURE CASHFLOWS.\n \nChesnara reports its 2025 full year results, demonstrating a period of transformational strategic delivery with two major acquisitions announced over the past 12 months. Performance was underpinned by disciplined operational delivery alongside the impact of exceptional capital markets activity undertaken during the year, with significant year‑on‑year growth across our key performance indicators. The Group's updated financial metrics are used for the first time in these results, to support clearer understanding of the Group's performance and to facilitate comparison with peers.\nCASH:\no Operating Capital Generation1 (OCG) of £94m, up 19% (FY 2024: £79m)\no Cash Remittances2 of £58m, up 30% (FY 2024: £45m)\nCAPITAL:\no Solvency Coverage Ratio of 257%, up 54 percentage points (FY 2024: 203%)\no Own Funds of £859m, up 34% (FY 2024: £643m)\nVALUE:\no Adjusted Operating Profit3 (AOP) of £56m, up 42% (FY 2024: £39m)\no Assets under Administration4 (AUA) of £15bn, up 10% (FY 2024: £14bn)\nMAJOR STRATEGIC MILESTONES ACHIEVED:\no HSBC Life (UK) acquisition completed in January 2026, with the business rebranded as Chesnara Life, marking Chesnara's largest transaction and substantially increasing the scale of the Group.\no Acquisition of Scottish Widows Europe SA announced in February 2026, adding ~€1.7bn of AUA and ~46,000 policies, and creating a foothold in Luxembourg for future European consolidation.\no UK integrations, including Chesnara Life, progressing well.\no Dutch entities successfully merged, simplifying our footprint.\no Successful £140m equity raise with strong shareholder support.\no £150m RT1 bond raise at an attractive coupon.\nIn line with the announcement made at the time of the HSBC Life (UK) acquisition, the Board is recommending a 6% increase in the final dividend to 14.80p per share. Total dividend for FY 2025 of 22.50p per share.\nCommenting on the results and outlook, Steve Murray, Group CEO, said:\n\"The Group has delivered strong financial results alongside two material deals, the acquisition of HSBC Life (UK) Ltd which completed in ...