AMP (ASX:AMP) has reported its Q1 2023 results, highlighting strong growth and favourable updates across various segments.
The company's loan book grew by $0.2B to $24.2B, and its Australian Wealth Management (AWM) assets under management (AUM) increased by $2B to $126.2B.
AWM net cash outflows also improved by over 30% to $600M.
In addition, North inflows from independent financial advisers (IFAs) rose 30% compared to Q1 2022, and New Zealand Wealth Management's KiwiSaver net cashflows increased to $44M, a significant increase from Q1 2022's $10M.