Chesnara PLC
LSE:CSN
Chesnara PLC
Chesnara Plc is a holding company, which engages in the provision of insurance solutions. The company is headquartered in Preston, Lancashire and currently employs 322 full-time employees. The company went IPO on 2004-05-25. The Company’s segments include CA, Movestic, Waard Group and Scildon. The CA segment provides activities that are performed in the United Kingdom, where it underwrites life risks, such as those associated with death, disability and health and provides a portfolio of investment contracts for the savings and retirement needs of customers through asset management. The Movestic segment is focused on activities performed in Sweden, where it underwrites life, accident and health risks and provides a portfolio of investment contracts. The company is open to new business, securing distribution of its products principally through independent financial advisers. The Waard Group and Scildon segments represent the Company’s Dutch life and general insurance businesses.
Chesnara Plc is a holding company, which engages in the provision of insurance solutions. The company is headquartered in Preston, Lancashire and currently employs 322 full-time employees. The company went IPO on 2004-05-25. The Company’s segments include CA, Movestic, Waard Group and Scildon. The CA segment provides activities that are performed in the United Kingdom, where it underwrites life risks, such as those associated with death, disability and health and provides a portfolio of investment contracts for the savings and retirement needs of customers through asset management. The Movestic segment is focused on activities performed in Sweden, where it underwrites life, accident and health risks and provides a portfolio of investment contracts. The company is open to new business, securing distribution of its products principally through independent financial advisers. The Waard Group and Scildon segments represent the Company’s Dutch life and general insurance businesses.
Strong Cash Generation: Cash generation rose by 26% year-on-year to GBP 37 million, supporting dividend increases and future growth.
Dividend Growth: Chesnara increased its interim dividend by 3%, continuing its long record of dividend increases, and announced a 6% rise for the FY 2025 final and FY 2026 interim dividends.
Major Acquisition: The company announced its largest-ever deal: the acquisition of HSBC Life (UK), expected to add over GBP 800 million in lifetime cash generation and over 450,000 policies.
Strong Solvency & Liquidity: The solvency ratio improved by 4 percentage points to 207%, well above the target range, and the company restored over GBP 200 million in available firepower for further M&A.
Active M&A Pipeline: Management described a robust pipeline of M&A opportunities in existing and adjacent markets, with the operational and financial capacity to pursue additional deals.
Positive Outlook: Management remains confident in future cash flows, M&A activity, and maintaining the company’s dividend track record.
