**Summary**
Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity.
**Financial Highlights**
**Cash** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m.
**Capital** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m.
**Value** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn.
**Strategic Milestones**
**Acquisitions** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg.
**Integrations** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint.
**Capital Raises** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities.
**Dividend** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share.
**Operational Performance**
**UK** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration.
**Sweden** Strong growth in the custodian business, supported by new partnerships and distribution agreements.
**Netherlands** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies.
**Sustainability**
Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050.
**Outlook**
The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential.
Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.