Just to clarify that $25m is sum of the revenue from TC for next...

Just to clarify that $25m is sum of the revenue from TC for next 3 years ($10m+$8m+$6.4m)

By the way I think even regulators approve St Andrews there's little chance it will go through, there doesn't seem to be any synergy Freedom can offer. Before they were going to aggressively expand St Andrew's loan protection insurance through direct selling and diversify away from life insurance, now the entire direct channel is dead. Mr Cohen who was driving the deal has also left, and takes away the valuable relationship he has in the industry, the only moat I saw in Freedom. Unless the primary reason he left was to save the St Andrews, then he did SH a great service, as his departure is very abrupt, leaving "because of reduced business activity" is purely BS imo.