Chesnara delivered strong financial results in the first half of 2025, with Cash Generation up 26%, an increase in our solvency ratio and a further 3% increase in the interim dividend. We have made significant progress against our strategy, announcing the acquisition of HSBC Life (UK). This is a transformational deal, supporting a planned one year step-up in the dividend and reinforcing sustainable long-term growth. Looking ahead, we are strongly positioned with the financial firepower and track record to execute on our active pipeline of opportunities.
Steve Murray - Group CEO
HY 2025 FINANCIAL HEADLINES
IFRS pre-tax losses, driven by a stronger insurance result, offset by a lower investment result, with positive but less favourable market conditions compared to the prior year.
Group Cash Generation, up 26% to £37m in HY 2025 (HY 2024: £29m), driven by organic capital generation and the implementation of management actions.
EcV reduced from £531m to £517m as positive economic and operating earnings were offset by central and one-off items, and the FY 2024 final shareholder dividend payment.
207%
Solvency Coverage Ratio 30 June 2025
The Solvency Coverage Ratio of 207% remains comfortably above our operating range of 140% to 160% and continues to be resilient to a wide range of financial scenarios and provides the
Group with significant scope to pursue M&A and other investment opportunities as they arise.
£14bn1
Assets under Administration 30 June 2025
AuA have increased by c6% driven by positive investment returns on our existing business during the period.
Total dividends per share increased by 3% to 7.70p² per share, extending the period of uninterrupted dividend growth to more than 20 years
HY 2025 PERFORMANCE AGAINST STRATEGIC OBJECTIVES
