Our history
From its humble beginnings in 1849 by offering life insurance as the Australian Mutual Provident Society, AMP has evolved over the past 175 years to be a publicly listed company with over 1.3 million customers and AU$133 billion in assets under management (as at FY23).
Proudly celebrating 175 years of business in 2024, AMP now helps millions of people in Australia and New Zealand invest, build wealth and retire with confidence.
Milestones
- 1849 – The Australian Mutual Provident Society (AMP) opens for business
- 1860 – Benjamin Short joins AMP as its first agent
- 1869 – The National Mutual Life Association of Australasia opens for business
- 1899 – James Tuscon Thompson joins National Mutual as its first agent
- 1962 – The iconic AMP building in Sydney's Circular Quay is opened by Prime Minister Robert Menzies
- 1995 – National Mutual demutualises and lists on the Australian Stock Exchange
- 1998 – AMP demutualises and lists on the Australian Stock Exchange. AMP Bank opens for business
- 2000 – AMP plays a major part in the first Olympics of the new century, supporting the Sydney 2000 Olympic Games, the Paralympic Games and the Olympic Torch Relay
- 2009 – AMP and China Life Group form strategic partnership
- 2011 – AMP and AXA Asia Pacific (formerly National Mutual) merge. AMP and Mitsubishi UFJ Trust and Banking form strategic partnership
- 2017 – AMP Capital takes a minority stake in US based real estate investment manager PCCP
- 2020 – Completed sale of AMP Life insurance business to Resolution Life
- 2022 – Announced sale of global asset management business, AMP Capital, to focus on AMP’s core businesses in banking and wealth management.
- 2024 – AMP celebrates 175 years of helping people create their tomorrow
