Ann: HUM - financial results briefing for HY ended 31 Dec 2022, page-43

They have said the front book pricing is priced with better margins - again quite encouraging.

The commercial business is getting some real scale by the looks of it - and make no mistake it about scale.

Like you the writedowns will reduce this half given the need to write off the small things garbage they are now out of. There is a bout $10m to add back to CNPAT just off the top based on winding down the garbage businesses.

Anyway I really don't want to get ahead of myself with this mob but the results do contain some gold nuggets and the market reaction was predictable given the historical shorting of the stock.

I would not at all be surprised to see some funds back in this stock this year given these results seem to imply a high probability of upside.