Chesnara Plc’s (LON:CSN) 2026 half-year results show its recent acquisitions beginning to reshape the group, with operating capital generation up 77%, assets under administration reaching £21bn and the interim dividend rising 6%. CEO Steve Murray and CFO Tom Howard join Hardman & Co Financials analyst Dr Brian Moretta to explain the early contribution from Chesnara Life, progress towards completing Scottish Widows Europe, record new business and why a still-active M&A pipeline could provide the next leg of growth.
Key Moments
00:00 Introductions and agenda
00:18 Three-pillar strategy holds firm
01:41 Record £10m+ H1 new business
02:49 Interim dividend rises 6%
03:46 Operating capital generation jumps 77%
04:48 Solvency ratio reaches 185%
05:15 Assets under administration hit £21bn
06:18 Chesnara Life integration on track
08:13 Scottish Widows Europe targets year-end completion
09:10 Deals add around £1bn of lifetime cash generation
10:08 M&A pipeline stays active
10:26 New business points to around £20m for 2026
Chesnara plc is a life and pensions consolidator that acquires and manages life insurance portfolios while also writing selected new business where it sees attractive returns. The group operates across the UK and continental Europe, using cash generation from its existing books alongside disciplined acquisitions to support growth and shareholder returns.
