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Chesnara plc: Q&A with management ‘Capital discipline underpinning dividend resilience’

30 Apr 2026 / Video

By Dr Brian Moretta

In this DirectorsTalk interview, Chesnara’s CEO Steve Murray and CFO Tom Howard discuss with Financials analyst Dr Brian Moretta how, in a year that Chesnara has been focusing on M&A, it has still delivered very good operational results. Steve explains how the HSBC Life UK integration is beginning to unlock efficiencies and we learn about Chesnara’s acquisition of a new platform in Luxembourg. Tom defines simpler KPIs to enable investors to understand Chesnara’s story. The conversation centres on cash generation, capital discipline and the balance between M&A and a dividend record now extending to 21 consecutive years of growth.

Watch the interview to find out more.


Key moments

  • 00:20 HSBC synergies start to take shape
  • 04:19 Luxembourg opens a new Chesnara lane
  • 06:43 Simpler KPIs, clearer equity story
  • 09:00 Separating market noise from core performance
  • 10:16 Dutch balance sheet work targets better returns
  • 11:40 Dividend discipline backed by deal capacity

Catch up on Chesnara’s full year 2025 results live presentation.

Download Chesnara’s FY Results 2025 slide deck. 

Read our latest report on Chesnara. 

Chesnara plc is a life and pensions consolidator that acquires and manages closed-life insurance books, while also writing selected new business in its core markets.