POLICYHOLDERS

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POLICYHOLDERS

Who We Are

Who we are

  • We are a responsible and profitable company engaged in the management and new business distribution of Life and Pension policies in the UK, Sweden and the Netherlands.
  • Chesnara plc was formed in 2004 and is listed on the London Stock Exchange.
  • The Group initially consisted of Countrywide Assured, a Life and Pensions book demerged from Countrywide plc, a large estate agency group.
  • Since incorporation the Group has grown through fifteen acquisitions, mostly recently that of HSBC Life (UK) Limited (now rebranded as Chesnara Life).​​
  • The Group has also announced the acquisition of Scottish Widows Europe SA. The announcement was made on 17 February 2026, and the acquisition is expected to complete around the end of 2026, subject to regulatory approvals.​

What we do

  • We now administer approximately 1.4 million1 life and pension policies for our policyholders across the UK (including Chesnara Life), the Netherlands and Sweden.
  • We had £15bn2 of Assets under Administration as at 31 December 2025: £6bn2 in the UK, £7bn in Sweden and £3bn in the Netherlands. ​
  • We operate to high regulatory standards, ensuring we offer effective service levels and strong solvency levels as we aim to deliver fair outcomes to policyholders.
  • We provide value to shareholders primarily by way of an established and attractive dividend strategy but also by value enhancement through acquisitions and the writing of profitable new business in Sweden, the Netherlands and the UK.
  • We are committed to delivering our stated strategic objectives:
    • Maximising value from our existing businesses.
    • Acquiring life and pensions businesses.
    • Value enhancement through the writing of profitable new business.
  • We are committed to ensuring that our operations and investments are sustainable and that sustainability is at the heart of our decision-making process across the group.

1 Includes Chesnara Life policyholders following completion of the acquisition in January 2026. ​

2 Includes the impact of the second Canada Life portfolio acquisition, expected to Part VII and migrate in 2026​.

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