https://www.investegate.co.uk/announcem ... rt/7768505 CONTINUED ACQUISITION MOMENTUM DRIVES ECONOMIC VALUE GROWTH AND POSITIVE CASH GENERATION
Chesnara reports its 2023 half year results. Key highlights for the period are:
· Completion of the acquisition of Conservatrix's insurance portfolio in the Netherlands
· Acquisition of an individual protection portfolio from Canada Life UK
· New UK strategic partnership with SS&C Technologies
· Positive Group commercial cash generation of £21.8m
· Robust solvency of 205%, materially above our 140-160% normal operating range
· Increased Economic value ("EcV") of £523.2m (347p per share)
· Improved commercial new business growth of £6.3m delivered
· IFRS profit before tax of £16.0m, and increase of CSM of £54.2m in the period
· 3% increase to the interim dividend to 8.36p per share; the 19th year of consecutive increases
All in all , looks quite positive to me!