The Preston-based owner of Countrywide Assured has said the long road to back to pre-Covid-19 investment conditions will provide it with acquisition opportunities "as the market reacts to changing circumstances".
Chesnara revealed its ambitions in a statement issued to the London Stock Exchange for its financial year to December 31, 2020.
The company has reported insurance premium revenue of £293.3m for the 12 months, up from £268.3m.
However, its pre-tax profits dipped from £96.1m to £24.5m over the same period.
During the year the company completed the acquisition of a portfolio of c.40,000 policies from Argenta in the Netherlands which created c£9m of incremental value and a 40% increase in the policies in force of Waard.
It also agreed a further small portfolio acquisition, expected to complete in the first half of 2021.
Chesnara said the combined impact of these deals, together with the Monuta portfolio in 2019, result in a total value gain of c.£13m for Waard.
Chief executive John Deane said: "I am pleased to report that even after paying the increased 2020 final dividend, Chesnara's cash reserves and solvency surplus remain largely unchanged compared to the pre-pandemic position.
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"It is this robustness of both solvency and cash that supported the payment of a record 2020 interim dividend, and it enables us to increase the final dividend once again by a further 3% - a progressive return for the 16 th successive year.
"2020 has shone a spotlight on the operations of the group and I am proud of the strong and stable business we have created which, despite the pandemic, enables us to provide comfort regarding dividend sustainability.
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"Ongoing cash generation from the existing portfolios underpinned by strong and stable solvency levels and parent company liquidity and supplemented by management actions, acquisitions and new business gives confidence in the sustainability of the investor proposition.
"Our operations have proved to be resilient to the challenges that Covid-19 has presented. Our IT infrastructure has supported a near seamless transition to remote working; however, we have seen some impact of Covid-19 on our new business operations, with reduced activity particularly during the second half of the year.
"I would like to express my thanks to our staff and business partners for all their commitment and flexibility in dealing with the current environment and their work in previous years.
"This has provided the solid base to enable the business to continue to provide our usual high standards of customer service throughout 2020.
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"We have not furloughed any staff as a result of the pandemic and have not used any other state support packages in the 海角视频, Sweden or the Netherlands.
"We continue to increase our focus on ESG matters and environmental sustainability in particular. We have again ensured our operations are carbon neutral.
"The focus moving forward will include improving the sustainability characteristics of the investment portfolio.
"The return to pre-Covid-19 investment market conditions will take some time, but we also believe this will provide us with acquisition opportunities as the market reacts to changing circumstances.
"In the meantime, we will as ever continue to work hard to ensure positive outcomes for customers and investors."