StockMarketWire.com - Life assurance company, Chesnara says that results for the 9 months to 30 September 2009 are likely to be significantly higher than expected.

The Group says that the acquisition of Moderna has produced an exceptional profit of between £52.8m and £56.8m due to the increase in the embedded value at acquisition over the purchase consideration.

Likewise the recovery in investment markets has helped the rest of the Group insofar the fees charged to the underlying unit-linked funds , for both the UK and Swedish businesses, vary with the size of funds under management



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