Proactive - Interviews for investors

Chesnara CEO highlights £29mln cash generation in H1 and M&A capacity

Episode Summary

Chesnara PLC (LSE:CSN) CEO Steve Murray takes Proactive's Stephen Gunnion through the company's first-half financial performance, strategic outlook, and future opportunities. Murray highlighted Chesnara's strong commercial cash generation of £29 million, up from £22 million last year, which supports the company's progressive dividend policy. Murray noted the company's robust solvency ratio of over 200%, giving it the financial flexibility for further M&A opportunities, potentially up to £200 million. "We've got a strong balance sheet with lots of solvency headroom, which provides capacity to do M&A," Murray said, indicating Chesnara’s readiness to pursue consolidation opportunities in the insurance sector. The company has also announced a 3% dividend increase, marking the 20th consecutive year of dividend growth. Murray also touched on the regulatory environment, particularly the introduction of consumer duty for closed books in the UK, and the company’s efforts to align with new regulations without significant commercial impact. For more insightful interviews and updates, make sure to visit Proactive's YouTube channel, give the video a like, and subscribe to stay informed about future content! 3. Relevant and Targeted Hashtags #ChesnaraPLC #SteveMurray #InsuranceSector #CashGeneration #DividendIncrease #MAOpportunities #SolvencyRatio #InvestorUpdate #ProactiveInvestors #FinancialPerformance #proactiveinvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews