The pension consolidator recorded a pre-tax profit of £61 million in the first half of 2026, bouncing back from a £4.6m loss for the same period last year. Its operating capital generation increased by 79% from £54m in the first half of 2025 to £96m in the first half of 2026.

Cash remittances for the firm increased by 31% from £56m in the first half of 2025 to £73m in the first half of 2026, while its total capital grew by 14%, from £859m at full-year 2025 to £976m in the first half of 2026.

Chesnara’s assets under administration (AUA) increased by 38% to £21bn for the first half of 2026 from £15bn for the full year of 2025. The firm completed the acquisition of HSBC Life (UK) in January 2026, which it rebranded as Chesnara Life UK.

Revenue increased to £255.9m, up 88%, from £136m, including the group’s integration of the HSBC portfolio, adding £5bn to its AUA alongside 440,000 policies. Chesnara is expecting to add a further €250m of lifetime cash generation and around €1.7bn AUA and around 46,000 pension and insurance contracts following the completion of Scottish Widows Europe later this year.

The firm announced an increase to its interim dividend by 6% to 8.16p per share.

Chesnara group chief executive, Steve Murray, said: “Chesnara has delivered a very strong financial performance in the first half of 2026 with operating capital generation up 79% and a 6% increase in the interim dividend. The integration of Chesnara Life UK, our largest acquisition to date, continues at pace with strong capital generation already delivered from our first five months of ownership. 

“The regulatory change in control for the proposed acquisition of Scottish Widows Europe  is anticipated around the end of 2026, and we continue to see attractive opportunities to grow the business, underpinned by a healthy M&A pipeline and disciplined execution across the group.”