AMP Chart, page-316

Hard to say, just work backwards from the $2b figure
-$208m PCCP
-$28m from the Ares sale, they say $428m however other chart I posted says $400m

Now $1.764B

Looks like those net assets sold $428m is coming of the total as its inc in the uplift from sales. Not really clear on this but months ago Lexi did say net proceeds returned.

Now $1.336B

Is there tax to pay ?

Probably pay $300m debt, lexi did say last week pay down debt as now in higher interest rate environment.

$1B between cash return and BB, imo.

Those earn outs from the US buyer are 3 years away if I remember correct.

Ares earnout I have no idea how long.

I doubt when the time comes we get these earn outs as special divi.

I posted that chart from Allan Gray, $2.2b Inc cash and the value of pccp and China.

Now to that capital position $1,765b I would say next week we would under normal circumstances see $1.9B ish however late last year they said they would pump most profits back into the bank for growth. So it may be $1.8B ish.

If the resolution life sale proceeds and the sale to Macquarie are included then I would agree with you on that $2B area but there not are they?