Duyuru • May 13
Chesnara plc Approves Final Dividend for the Year Ended 31 December 2025 Chesnara plc at its Annual General Meeting held on May 12, 2026, approved to declare a final dividend of 14.80 pence per ordinary share for the year ended 31 December 2025. Duyuru • Apr 09
Chesnara plc, Annual General Meeting, May 12, 2026 Chesnara plc, Annual General Meeting, May 12, 2026. Location: the offices of panmure liberum, 25 ropemaker street, london ec2y 9ly United Kingdom Duyuru • Mar 25
Chesnara plc Recommends Final Dividend, Payable on May 20, 2026 Chesnara plc recommended final dividend of 14.80 pence per share represents a 6% increase on the prior year and is expected to be paid on 20 May 2026. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 2 April 2026. The record date for eligibility for payment will be 7 April 2026. Duyuru • Feb 17
Chesnara plc (LSE:CSN) entered into a sale and purchase agreement to acquire Scottish Widows Europe S.A. from Scottish Widows Limited for approximately €110 million. Chesnara plc (LSE:CSN) entered into a sale and purchase agreement to acquire Scottish Widows Europe S.A. from Scottish Widows Limited for approximately €110 million on February 17, 2026. A cash consideration of €110 million will be paid by Chesnara plc. As part of consideration, €110 million is paid towards common equity of Scottish Widows Europe S.A.
The transaction is subject to approval by regulatory board / committee. The transaction will be funded by internal cash resources. The expected completion of transaction is end of 2026.
RBC Capital Markets, LLC led by James Agnew, Ezzedine Ben Frej and Jamil Miah acted as financial advisor for Chesnara plc. Linklaters LLP acted as legal advisor for Chesnara plc. Duyuru • Feb 04
Chesnara plc (LSE:CSN) completed the acquisition of HSBC Life (UK) Limited from HSBC Bank plc. Chesnara plc (LSE:CSN) entered into an agreement to acquire HSBC Life (UK) Limited from HSBC Bank plc for £260 million on July 3, 2025. A cash consideration of £260 million will be paid by Chesnara plc. Cash consideration of £260 million funded through a combination of £55 million of existing internal cash resources, £65 million drawdown from the Group's increased £150m revolving credit facility and equity raised via a fully underwritten rights issue at 176p per share to raise gross proceeds of approximately £140 million on the basis of 10 New Ordinary Shares for every 19 Existing Ordinary Shares. In case of termination of transaction, Chesnara plc will pay a termination fee of £20 million.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is early 2026. As of December 12, 2025, the transaction received UK regulatory approval.
Paul Miller and Yiannis Kourris of Fenchurch Advisory Partners LLP acted as financial advisor for Chesnara plc. James Agnew, Ezzedine Ben Frej and Jamil Miah of RBC Capital Markets, London acted as financial advisor for Chesnara plc. Pinsent Masons acted as legal advisor for Chesnara plc. Travers Smith advised NatWest and ABN AMRO on a £260 million revolving credit facility for Chesnara's acquisition of HSBC Life. Deutsche Bank acted as financial advisor to HSBC Bank plc.
Chesnara plc (LSE:CSN) completed the acquisition of HSBC Life (UK) Limited from HSBC Bank plc on February 2, 2026. Duyuru • Jan 22
Chesnara plc to Report Fiscal Year 2025 Results on Mar 24, 2026 Chesnara plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Mar 24, 2026 Duyuru • Aug 28
Chesnara plc Declares Interim Dividend, Payable on 17 October 2025 Chesnara plc declared interim dividend of 7.70 pence per share, a 3% increase compared to 2024, extending the period of uninterrupted dividend growth to more than 20 years. The dividend is expected to be paid on 17 October 2025. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 4 September 2025. The record date for eligibility for payment will be 5 September 2025. Duyuru • Jun 06
Chesnara plc Announces Executive and Committee Changes, Effective June 6, 2025 Chesnara Plc announced that Karin Bergstein has stepped down as an Independent Non-Executive Director of the Company effective June 6, 2026. Karin joined the Board in February 2022 and was a member of the Nomination & Governance Committee as well as the Audit & Risk Committee. The Company announced that Samantha "Sam" Tymms has been appointed effective June 6, 2025 as an Independent Non-Executive Director of Chesnara Plc. Sam has also been appointed as a member of the Nomination & Governance Committee and Audit & Risk Committee. An experienced NED and advisor to the boards and executives of global financial services businesses, Sam is also a former UK regulator with experience of international regulators, professional and industry bodies. She also brings commercial experience from roles with Promontory Financial Group (IBM). Sam is also a NED at Julius Baer International Ltd. where she chairs the Audit & Risk Committee and is a member of the Governance and Appointments Committee at the Institute of Chartered Accountants in England & Wales. She has previously been a NED at DWF plc and IG Group plc. Duyuru • May 20
Chesnara Reportedly to Explore Deal for HSBC’s UK Life Insurance Unit Chesnara plc (LSE:CSN) is exploring a potential acquisition of HSBC Holdings plc (LSE:HSBA)’s life insurance business in the UK, according to people familiar with the matter. London-listed Chesnara is among potential suitors that have expressed interest in the HSBC UK life insurance operations, said the people, who asked not to be identified as the information is private. A deal could value the HSBC unit at several hundred million dollars, the people said. Duyuru • Apr 10
Chesnara plc, Annual General Meeting, May 13, 2025 Chesnara plc, Annual General Meeting, May 13, 2025. Location: the offices of panmure liberum, 25 ropemaker street, ec2y 9ly, london United Kingdom Duyuru • Mar 27
Chesnara plc Proposes Final Dividend in Respect of the Year Ended 31 December 2024, Payable on 20 May 2025 The Board of Chesnara plc has proposed a 2024 final dividend of 16.1 pence per share in respect of the year ended 31 December 2024 (2024 total dividend of 24.7 pence), a 3% increase compared to 2023, extending the period of uninterrupted dividend growth to 20 years. The dividend is payable on 20 May 2025 to equity shareholders of the parent company registered at the close of business on 4 April 2025, the dividend record date, was approved by the directors after the balance sheet date. Ex date is 3 April, 2025. Duyuru • Feb 07
Chesnara plc to Report Fiscal Year 2024 Results on Mar 27, 2025 Chesnara plc announced that they will report fiscal year 2024 results on Mar 27, 2025 Duyuru • Jan 29
Jane Dale, Non-Executive Director to Stand Down from Chesnara plc Chesnara plc announced that appointment of Gail Tucker as Non-Executive Director with immediate effect. Gail also joins the Board of Chesnara's UK subsidiary, Countrywide Assured plc as a Non-Executive Director and it is intended will chair its Audit & Risk Committee subject to regulatory approval. Jane Dale, Non-Executive Director, will stand down at the AGM having completed her 9-year term. At the same time, Gail Tucker will be appointed chair of the Audit & Risk Committee. Gail is a recently retired 'Big Four' partner with over 30 years' experience in financial services audit, predominantly focused on the insurance sector. She has a high level of technical competence in international accounting and financial reporting, allied to which she brings a well-developed perspective on the UK life and pensions industry. A qualified accountant, Gail holds a BSc from the University of Warwick and a BA from The Open University. She sits on the boards of Breast Cancer Now and Institute of Chartered Accountants in England & Wales (ICAEW) Financial Services Board. New Risk • Sep 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Declared Dividend • Sep 12
First half dividend of UK£0.086 announced Shareholders will receive a dividend of UK£0.086. Ex-date: 19th September 2024 Payment date: 1st November 2024 Dividend yield will be 8.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) nor is it adequately covered by cash flows (95% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 705% to bring the payout ratio under control. EPS is expected to grow by 39% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Duyuru • Sep 10
Chesnara plc Announces an Interim Dividend for the Fiscal Year Ending 31December 2024, Payable on 1 November 2024 Chesnara plc announced an increase in the interim dividend for the fiscal year ending 31December 2024 of 3% to 8.61 pence per share (2023: 8.36 pence interim), The interim dividend is expected to be paid on 1 November 2024. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 19 September 2024. The record date for eligibility for payment will be 20 September 2024. New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings have declined by 48% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 193% Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Duyuru • Aug 12
Chesnara plc to Report First Half, 2024 Results on Sep 10, 2024 Chesnara plc announced that they will report first half, 2024 results on Sep 10, 2024 Buy Or Sell Opportunity • Jul 01
Now 22% overvalued Over the last 90 days, the stock has fallen 5.3% to €2.88. The fair value is estimated to be €2.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 25
Now 21% overvalued Over the last 90 days, the stock has fallen 2.7% to €2.90. The fair value is estimated to be €2.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to €3.04. The fair value is estimated to be €2.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Apr 10
Chesnara plc Announces Step Down of Mark Hesketh from the Board Chesnara plc announced that Mark Hesketh, Independent Non-Executive Director of Chesnara plc, will be stepping down from the Board of Chesnara plc with immediate effect. Mark Hesketh will be appointed also with immediate effect, to the role of Chair of the Board of the Company's UK business Countrywide Assured plc. Reported Earnings • Mar 29
Full year 2023 earnings released Full year 2023 results: Net income: UK£18.7m (up UK£117.0m from FY 2022). Duyuru • Mar 29
Chesnara plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 28 May 2024 Chesnara plc recommended final dividend of 15.61 pence per share for the year ended 31 December 2023 is expected to be paid on 28 May 2024. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 11 April 2024. The record date for eligibility for payment will be 12 April 2024. Duyuru • Dec 08
Chesnara plc Announces CFO Changes Chesnara plc announced that David Rimmington has agreed with the Board of Chesnara that he will not seek re-election at the Company's Annual General Meeting in May 2024 and that he will step down as Group Finance Director and as a Director of Chesnara at the conclusion of that meeting. Furthermore, Chesnara announced the appointment of Tom Howard as Chief Financial Officer and Executive Director of the Company, subject to regulatory approval. Tom's formal starting date is expected to be no later than the beginning of May 2024. David Rimmington will remain with the Group throughout the year end 2023 reporting process and to support an orderly transition. Tom is a highly experienced CFO with over 25 years of industry experience, most recently as CFO of Aviva Investors, the asset management division of Aviva plc. He has held a variety of senior roles within Aviva plc, including Director of Mergers & Acquisitions for Aviva Group and CFO for Aviva's Life and General Insurance business in Ireland. Tom brings with him European actuarial and financial reporting capabilities and a strong track record of leadership in finance, M&A, capital management and business transformation. Duyuru • Dec 07
Chesnara plc Announces Board Changes Chesnara plc announced that David Rimmington has agreed with the Board of Chesnara that he will not seek re-election at the Company's Annual General Meeting in May 2024 and that he will step down as Group Finance Director and as a Director of Chesnara at the conclusion of that meeting. Furthermore, Chesnara announced the appointment of Tom Howard as Executive Director of the Company, subject to regulatory approval. Tom's formal starting date is expected to be no later than the beginning of May 2024. David Rimmington will remain with the Group throughout the year end 2023 reporting process and to support an orderly transition. Tom is a highly experienced CFO with over 25 years of industry experience, most recently as CFO of Aviva Investors, the asset management division of Aviva plc. He has held a variety of senior roles within Aviva plc, including Director of Mergers & Acquisitions for Aviva Group and CFO for Aviva's Life and General Insurance business in Ireland. Tom brings with him European actuarial and financial reporting capabilities and a strong track record of leadership in finance, M&A, capital management and business transformation. Reported Earnings • Sep 24
First half 2023 earnings released: EPS: UK£0.10 (vs UK£0.21 loss in 1H 2022) First half 2023 results: EPS: UK£0.10 (up from UK£0.21 loss in 1H 2022). Net income: UK£15.5m (up UK£47.2m from 1H 2022). Profit margin: 8.1% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Insurance industry in Germany. Duyuru • Sep 21
Chesnara plc Declares Interim Dividend for the Six Months Ended June 30, 2023, Payable on 10 November 2023 The Board of Chesnara plc declared a 2023 interim dividend of 8.36 pence per share for the six months ended June 30, 2023 (half year 2022 interim dividend of 8.12 pence), which is a 3% increase compared to half year 2022 and extends the period of uninterrupted interim dividend growth to 19 years. The interim dividend is expected to be paid on 10 November 2023. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 28 September 2023. The record date for eligibility for payment will be 29 September 2023. Duyuru • May 17
Chesnara plc Approves to Declare A Final Dividend Chesnara plc at Annual General Meeting held on 16th May 2023 approved to declare a final dividend of 15.16 pence per ordinary share. Board Change • Dec 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Karin T. Bergstein was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Karin T. Bergstein was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 02
Chesnara plc Announces Two Senior Leadership Changes Chesnara plc announced two senior leadership changes. Al Lonie, Group Company Secretary, will take up a new role as the Group Chief of Staff helping to drive and oversee the Group's wider strategic agenda and delivery, including driving value from acquisitions. He will continue to be a member of the Group Executive Committee. The Group has also appointed Amanda Wright as Group General Counsel and Company Secretary. She will be responsible for providing commercial and legal advice to the board and wider leadership team on key areas of Chesnara's wider strategic development, including acquisitions, as well as supporting strong governance across the Group as Company Secretary. She will also be a member of the Group Executive Committee. Amanda will join Chesnara later in the year from abrdn plc where she has most recently been Head of Strategic Relationships. She brings over 15 years of experience in the financial services sector across M&A, Outsourcing, commercial contract negotiation and legal advisory. Board Change • Apr 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Karin T. Bergstein was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 20% share price gain to €4.02, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.15 per share. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: UK£0.18 (vs UK£0.14 in FY 2020) Full year 2021 results: EPS: UK£0.18 (up from UK£0.14 in FY 2020). Revenue: UK£1.51b (up 138% from FY 2020). Net income: UK£27.3m (up 29% from FY 2020). Profit margin: 1.8% (down from 3.3% in FY 2020). The decrease in margin was driven by higher expenses. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Karin T. Bergstein was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 01
Chesnara plc Recommends Final Dividend, Payable on May 24, 2022 Chesnara plc recommended final dividend of 14.7p per share is expected to be paid on 24 May 2022. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 7 April 2022. The record date for eligibility for payment will be 8 May 2022. Board Change • Mar 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Karin T. Bergstein was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Karin T. Bergstein was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 15
Chesnara plc Announces Appointment of Two New Independent Non-Executive Directors Chesnara plc announces the appointment of two new independent Non-Executive Directors, Carol Hagh and Karin Bergstein, to the Board with immediate effect. They will be proposed for election at the Company's AGM on 17 May 2022. Carol will join company Nomination & Governance Committee and Remuneration Committee with Karin joining Chesnara plc Audit & Risk Committee and Nomination & Governance Committee. Carol was previously head of the UK insurance practice at the executive search firm Spencer Stuart. Karin most recently these have included roles as CFO for Aidence N.V., COO of a.s.r. Nederland N.V. and various senior executive positions within ING Bank and its subsidiaries. Duyuru • Sep 14
Chesnara plc (LSE:CSN) entered into an agreement to acquire Sanlam Life and Pensions UK Limited from Sanlam UK Limited for £39 million. Chesnara plc (LSE:CSN) entered into an agreement to acquire Sanlam Life and Pensions UK Limited from Sanlam UK Limited for £39 million on September 13, 2021. The consideration is paid in cash. Furthermore, the asset management of SLP’s assets will be retained with Sanlam Investments UK Limited. The transaction is funded from Chesnara's existing debt facility. Completion is expected to occur in early 2022, conditional upon customary regulatory approvals. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Steve Murray was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 02
Upcoming dividend of UK£0.079 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 22 October 2021. Trailing yield: 7.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (4.3%). Reported Earnings • Aug 28
First half 2021 earnings released: EPS UK£0.12 (vs UK£0.045 loss in 1H 2020) The company reported a soft first half result with weaker revenues and profit margins, although earnings were improved. First half 2021 results: Revenue: UK£822.2m (down 543% from 1H 2020). Net income: UK£17.9m (up UK£24.6m from 1H 2020). Profit margin: 2.2% (down from 3.6% in 1H 2020). Duyuru • May 19
Chesnara plc Announces Final Dividend Chesnara plc announced final dividend of 14.29 pence per ordinary share at annual general meeting held on 18 May 2021. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS UK£0.14 (vs UK£0.53 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£633.2m (down 56% from FY 2019). Net income: UK£21.2m (down 73% from FY 2019). Profit margin: 3.3% (down from 5.5% in FY 2019). Reported Earnings • Mar 31
Full year 2020 earnings released: EPS UK£0.14 (vs UK£0.53 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£637.9m (down 56% from FY 2019). Net income: UK£21.2m (down 73% from FY 2019). Profit margin: 3.3% (down from 5.5% in FY 2019). 
