Is AMP a good investment opportunity?, page-211

Not having the full set of financials in front of me I'm guessing you're referring to profit by contribution to the group as opposed to most profitable?

The amount in $ terms for the sale of the life/mature business is looking more justifiable as the months roll on and the 'head winds' continue to strengthen in that space - but I can see the argument around the fact that it wasn't 'all cash' being a negative (not to the effect that the SP was smashed on the day though).  The equity in Resolution Life can be monetised down the track and I'm not sure that having a 2H loss of $105m would have been in their interests either...