Hardman & Co - Chesnara plc (CSN): Showing good operational progress

Apr 10, 2026

Research on Chesnara Plc (CSN:LON)  from Hardman & Co

Chesnara has announced its 2025 results. The headline figures were presented on a new basis, with operating capital generation (OCG), cash remittances and adjusted operating profit replacing the previous measures. The new KPIs showed a strong year, with good operating performance, higher cash generation and a much stronger balance sheet. OCG grew from £79m in 2024 to £94m in 2025, with SII Own Funds boosted by the capital raises ahead of the HSBC Life acquisition. The proposed final dividend of 14.80p is, as previously indicated, a 6% increase on the rebased 2024 figure.

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