ChesnaraPlc said March 31 that it recommended a final dividend of 12.33pence per share for 2015, for a total 2015 dividend of 18.94 pence per share,up from 18.40 pence per share for 2014.

The insurer said its total profit before tax increased to£42.8 million in 2015, from £28.8 million in 2014.

The firm owes the strong underlying profit to the of Netherlands-basedWaard Group which contributed a profit of £16.6 million.

The acquisition was completed May 19, 2015.

The company reported a total comprehensive income of £39.6million in 2015, compared to £17.7 million in 2014.