Preston-based life and pensions consolidator Chesnara plc said its assets under administration (AUA) rose 10% to £15 billion in 2025 and its adjusted operating profit increased 42% to £56 million.

Chesnara said its results demonstrated “a period of transformational strategic delivery with two major acquisitions announced over the past 12 months.”

The Preston firm said its acquisition of HSBC Life (UK) completed in January 2026, with the business rebranded as Chesnara Life, marking Chesnara’s largest transaction and substantially increasing the scale of the group.

Chesnara said the acquisition of Scottish Widows Europe SA, announced in February 2026, added €1.7 billion of assets under administration and 46,000 policies “and created a foothold in Luxembourg for future European consolidation.”

The firm completed a successful £140 million equity raise.

Total dividend for FY 2025 will be 22.5p per share.

Chesnara CEO Steve Murray said: “The group has delivered strong financial results alongside two material deals, the acquisition of HSBC Life (UK) Ltd which completed in January 2026 and the proposed acquisition of Scottish Widows Europe SA.

“These deals are expected to significantly increase the group’s scale and longer-term Operating Capital Generation potential.

“And we continue to see further opportunities to grow, with a positive M&A pipeline and a great track record of disciplined execution.”