After the Life sale and Last Years capital raise, the Surplus cash available to the group is $1.428B. Which allows them to pay for the 15% of MUTB's share in AMPC ($400M). Then Dividends ($344M) and Share Buyback ($200M) leaves a total of $484M.
This is to be used to fund the completion of AMP’s 3 year transformation program and support the business in light of the current market environment.
So AMP is well cashed up with a Residual Capital Surplus of $484M,
plus the $733 Buffer, means that they are $1.217B above MRR (Another $1.252B).
Enough cash available to them for the restructure and to see them through any tough times ahead.
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