The Preston-based owner of Countrywide Assured surged back into making a half-year profit during the first six months of 2021 while its revenue passed the £150m mark.
Chesnara has reported a profit of £20.8m for the period to June 30, compared to the pre-tax loss of £9m it reported during the same time in 2020.
The company's insurance premium revenue also increased from £139.4m to £152.2m.
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The figures come after the business reported a revenue of £293.3m and pre-tax profit of £24.5m for the year to December 31, 2020, in March.
Group chief executive John Deane said: "The interim dividend increase of 3% to 7.88p we have announced today is our 17th annual increase which is an enviable track record.
"I have been pleased with our continued financial stability during the period combined with further asset value growth being delivered.
"The clear expectation of future divisional dividend remittances means I am pleased to report our dividend growth strategy remains unchanged.
"We completed another acquisition in the Netherlands and have successfully transferred the policies onto the systems of Waard.
"We continue to actively seek out and engage on opportunities in our core markets and other appropriate territories and are increasingly optimistic that there are good opportunities for us.
"Our closed books continue to provide a strong and reliable source of cash generation and dividend. I am also encouraged by the material recovery in Scildon's surplus levels which creates significant future dividend potential.
"I welcome the strong equity market growth we have seen during the first half of the year, despite the short-term impact it has had on Solvency II capital requirements, particularly in Movestic, as continued growth in Funds under Management will create future value and cash flows for our shareholders.
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"I am delighted that Steve Murray has joined Chesnara on 2 August, as CEO designate, allowing us to implement a comprehensive on-boarding process which will support a smooth transition later this year.
"Steve will take over from me once regulatory approvals in the UK have been received."
