AMP has flagged a restart to its share buyback that was put on hold last year and also hopes to return to shareholder payouts as business conditions improve.
The wealth manager announced an up to $200 million share buyback in August 2020, but put it on hold the next month after announcing a review of its business portfolio.
AMP chair Debra Hazelton on Friday faced numerous questions from shareholders at the company's annual general meeting in Sydney, on returns on investment and the issue of resuming dividends.
"The buyback was put on hold during the portfolio review, but following our demerger announcement, we now intend to recommence the program," she said.
"Returning capital to shareholders in this way is highly value accretive given the current share price," she said.
AMP shares have floundered since 2018, when the financial services royal commission found widespread misconduct within the company, including charging "fees for no service" and charging dead clients life insurance premiums.
The stock has lost nearly 80 per cent of its value since then.
AMP shares are down more than a quarter this year alone and by 1110 AEST on Friday were trading 2.0 per cent lower at $1.12.
Earlier this month, AMP decided to spin off and list its private markets investment arm AMP Capital after a potential sale to US suitor Ares Management fell through.
The business manages about $50 billion in infrastructure and real estate assets and has a global reach that includes North America, Europe, the Middle East, Asia and Australia and New Zealand.
It follows the $3 billion sales of the AMP's life insurance business to Resolution Life last year.
"Last year, in the middle of a transformation program, and the portfolio review the board took a conservative attitude towards our capital management. For that reason, we stayed prudent, till we got through the portfolio review," Ms Hazelton said.
She also committed to the board looking at reviving dividends.
"We truly recognise the importance of dividends to our shareholders. They will be dependent on economic and business performance," she said.
