In this episode of Hardman Talks, Chesnara‘s CEO Steve Murray and CFO Tom Howard join Financials analyst Brian Moretta to discuss the company’s 2024 results, with a short presentation followed by a Q&A session.
This insightful interview offers a deep dive into Chesnara’s growth trajectory, providing updates on recent opportunities and the planned merger of their Dutch operations, which is set to deliver significant cost synergies and enhance operational efficiency. They cover the successful Canada Life deal and delve into Chesnara’s strong cash generation and capital surplus, as Steve shares insights into Chesnara’s ongoing M&A activity and commitment to long-term shareholder value.
Tom outlines Chesnara’s key financial highlights, which include a strong 2024 performance with increased cash generation, strong solvency ratios, and a 3% dividend increase — marking 20 consecutive years of dividend growth. The company’s cash generation reached £60 million, a 14% year-on-year increase. Other key initiatives included efficient foreign exchange hedging and expanded reinsurance arrangements. Sustainability efforts are progressing, with targets for 2030 and 2050, and strong ratings from external agencies. Chesnara’s M&A pipeline for 2025 remains strong, with opportunities in the UK, Benelux and Sweden.
Chesnara Full Year 2024 Results – Investor Presentation
Read the latest Chesnara research report.
