Company overview

AMP Limited is a wealth management and life insurer company operating in Australia and New Zealand. It has also investments in the Asian market and banking business in Australia. AMP Limited was established in 1849 as the Australian Mutual Provident Society and in 19998 was listed on the Australian and New Zealand stock exchanges. In 2009, AMP employed more than 3 700 people and had more than 3.8 million of customers around the world. Furthermore, with more than 828 000 shareholders, the company is one of the largest Australian shareholder suppliers (AMP website).

Core operating activities

AMP Limited provides a range of financial products and has five business segments:

* Australian Contemporary Wealth Management, which includes superannuation, retirement income and managed investment products. It also provides financial planning, advice services and banking operations.

* Australian Contemporary Wealth Protection that provides customers with personal term, disability and income protection insurance products.

* Australian Mature including whole of life, endowment, investment linked, investment account and annuities.

* AMP Financial Services New Zealand which is a risk insurance business including a superannuation and investment business.

* AMP Capital Investors which manages investments across all the major asset classes including equities, fixed interest, infrastructure, property, diversified funds and multi-manager funds and also provides commercial, industrial and retail property management services. AMPCI also acquires assets to seed new funds or opportunities

In 2009, AMP Limited net profit was A$ 739 million which was primarily generated by Australian Contemporary Wealth Management Segment (38% of revenues) and the Australian Contemporary Wealth protection (22% of revenues).

Current Investments Assets

In 2009, the total asset value of AMP Limited was $89, 830 billion including $32,794 of