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Mixed bag for Chesnara

Robust cash generation is a good indicator of near-term dividend cover, but negative investment market moves are a longer-term threat
September 28, 2020

At the end of June, closed life insurance book consolidator Chesnara (CSN) had £77.1m in cash and other liquid assets on its balance sheet. That was a small uptick on the 2019 year-end, and reflected £35.2m-worth of dividends received from subsidiaries. Another £5m has come in since the mid-year.

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