BRIEF-Chesnara first-quarter IFRS profit falls

Mon May 19, 2014 2:32am EDT

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May 19 (Reuters) - Chesnara Plc

* Profit on an ifrs basis before tax for quarter ended 31 march 2014 of £7.3m (quarter ended 31 march 2013: £8.7m).

* Protection life has generated a profit slightly above expectations in its first full quarter of chesnara ownership.

* Increase in eev to £379.9m at 31 march 2014 from £376.4m at 31 december 2013.

* Acquisition outlook remains positive following acquisition of protection life in november 2013.

* Eev pre-tax profit (excluding modelling adjustments and exchange rate impacts) for quarter ended 31 march 2014 of £8.6m

* Solvency ratios remain strong, with group solvency at 200% (31 december 2013: 194%), ca plc at 231% (31 december 2013: 218%), pl at 167% (31 december 2013: 156%) and movestic at 327% (31 december 2013: 311%). Source text for Eikon: Further company coverage:

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