last year they cleaned up the business and wrote off the goodwill from a lot of old products. Then this FY they decided to retreat from a lot of products in NZ because of legislative changes. They are keeping commercial and cards in NZ. They are also running off HumPro and Bundll in Australia. That’s what caused the write downs this FY. Runoff will be completed by June 30.
Ann: HUM - financial results briefing for HY ended 31 Dec 2022, page-38
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