Chesnara

Chesnara reported higher operating capital generation, cash remittances and adjusted operating profit for the first half of 2026, supported by the January acquisition of HSBC Life UK, now renamed Chesnara Life UK. Operating capital generation rose 79% to £96 million, while cash remittances increased 31% to £73 million, and the company raised its interim dividend by 6% to 8.16 pence per share. Chesnara Life UK contributed £51 million of operating capital generation and £20 million of cash remittances in its first five months, and the group's Solvency II coverage ratio stood at 185%, above its 140% to 160% operating range. The company said it remains on track to generate £140 million of cash in the first five years of ownership of Chesnara Life UK, and expects that unit plus the planned acquisition of Scottish Widows Europe to contribute around £1 billion of lifetime cash flows. Adjusted operating profit increased to £31 million from £22 million a year earlier, and assets under administration rose to £21 billion.