REG - Chesnara PLC - Notice of Results <Origin Href="QuoteRef">CSN.L</Origin>

ChesnaraAnnouncement

06/03/2017 12:15

RNS Number : 6260Y
Chesnara PLC
06 March 2017
RNS Announcement for immediate release:
Notice of Results
6 March 2017
Chesnara plc, the life assurance group, will be reporting results for the year ended 31 December 2016 on Friday 31 March 2017.
A presentation for analysts will be held at 9.30am, on 31 March 2017 at the offices of Panmure Gordon & Co: One New Change, London, EC4M 9AF.
ENDS
For further information, please contact:
Roddy Watt
Director, Capital Markets, FWD Consulting
Telephone - 0207 280 0651
Notes to Editors 
Chesnara plc ('Chesnara'), which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ('CA plc'), Movestic Livfrskringar AB ('Movestic') and Chesnara Holdings BV, the intermediate holding company of the 'Waard Group'.
CA plc is a UK life assurance subsidiary that is closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance - for 47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Save & Prosper Insurance Limited and its subsidiary, Save & Prosper Pensions Limited, were acquired on 20 December 2010 for 63.5 million. With effect from 31 December 2011, the business of Save & Prosper was transferred into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life Insurance Company Limited (subsequently renamed Protection Life Company Limited) from Direct Line Group plc for 39.3m. On 31 December 2014 the PL business transferred into CA plc. CA plc operates an outsourced business model.
Movestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009 for 20 million. The company is open to new business and seeks to grow its position in the Swedish unit-linked market. Its proposition was strengthened in February 2010 with the acquisition of the operations of Aspis Frskringar Liv AB which has a risk and health product bias.
The Waard Group, a Netherlands-based Group comprising three closed book insurance companies and a servicing company, was acquired on 19 May 2015 for 69.9m. The Waard Group, comprising Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V. and Tadas Verzekeringen B.V. was previously owned by DSB Beheer B.V., a Dutch financial services Group. The policy base of the Waard Group is predominantly term life policies, with some unit linked policies and some non-life policies. Further details are available on the Company's website (www.chesnara.co.uk).

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