Chesnara plc announce interim dividend of 8.61p per share is expected to be paid on 1 November 2024. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 19 September 2024. The record date for eligibility for payment will be 20 September 2024.
Other financial highlights include:
Continued strong group commercial cash generation of £29m (six months to 30 June 2023: £22m);
Robust solvency of 201% (31 December 2023: 205%), materially above 140 - 160% normal operating range;
Economic value ("EcV") of £508m (31 December 2023: £525m) with EcV earnings of £20m pre FX and dividend (six months to 30 June 2023: £33m excluding the impact of acquisitions);
Commercial value of new business of £5m (six months to 30 June 2023: £6m);
IFRS pre-tax profit of £13m (six months to 30 June 2023: £15m);
