HY Results – Performance was positively impacted by Australia’s Youi’s earnings. This was due to premium growth, a decrease in natural perils claims from better weather, and higher investment income from the rising interest rate environment. It expects normalised earnings to increase by 35% to 45% compared to the previous year. Following a strategic review of OUTvest, which remains a sub-scale business, the group has decided to consider a restructuring including the possibility of a disposal.
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