1. AXA
From Wikipedia, the free encyclopedia
Jump to: navigation, search
For other uses, see Axa (disambiguation).
Not to be confused with Sun Life Financial.
AXA SA
Public (Euronext: CS, NYSE: AXA)
Type
1816
Founded
Claude Bébéar
Founder(s)
Paris, France
Headquarters
Jacques de Chateauvieux (Chairman of the
Henri de Castries (Chairman
Key people supervisory board),
of the management board and CEO)
Financial services
Industry
Life and health insurance, investment
Products
management
€93.63 billion (2007)[1]
Revenue
Operating
▲ €7.695 billion (2007)[1]
income
▲ €5.666 billion (2007)[1]
Net income

2. 103,500 (salaried, 2007)[1]
Employees
http://www.axa.com/
Website
AXA (Euronext: CS, NYSE: AXA) is a French global insurance companies group headquartered
in Paris. AXA is not the name of a single company but a group of companies independently
organized and operated according to the regulations of many different countries.
The AXA group of companies are engaged in life, health and other forms of insurance, as well as
investment management. The AXA group operates primarily in Western Europe, North America
and the Asia Pacific region and the Middle East.
The AXA Group encompasses five operating business segments: Life & Savings, Property &
Casualty, International Insurance (including reinsurance), Asset Management and Other
Financial Services.
AXA ranks as the 15th largest company in the world (based on revenue) on the 2006 Fortune
Global 500 list.[2]
Contents
1 History
2 The AXA name
3 Operations
o 3.1 AXA in the United Kingdom
o 3.2 AXA Schengen
o 3.3 AXA Isle of Man
o 3.4 AXA Sun Life
o 3.5 AXA in the United States
o 3.6 AXA in Asia Pacific
 3.6.1 AXA in the Philippines
4 Shareholders
5 See also
6 References
7 External links
[edit] History
The Company was originally founded in 1816 as Mutuelle de L'assurance contre L'incendie (the
Ancienne Mutuelle).[3] It acquired Compagnie Parisienne de Garantie in 1978 and became
Mutuelles Unies.[4] It went on to buy the Drouot Group in 1982 at which time it adopted the AXA

3. name.[4] The takeover of The Equitable, a well known British insurer, came in 1991.[4] It bought
Union des Assurances De Paris (UAP), France's largest insurer, in 1996 becoming AXA-UAP for
a while before reverting to the name AXA in 1999.[5] In May 2000 Axa acquired all shares it did
not already own in Sun Life & Provincial Holdings.[6] On 14 June 2006 AXA acquired the
leading Swiss insurance company Winterthur Group from Credit Suisse for approximately €9
billion.[7]
[edit] The AXA name
Despite being written in upper case, quot;AXAquot; is not an acronym, but was chosen because its name
can be pronounced easily by people who speak any language. After acquiring the Drouot Group
in 1982, the company hired an outside consultant to conduct a computer-aided search for a new
name. The selection criteria consisted of a short and snappy name to convey vitality, a name that
begins with the letter A so that it would appear near the top of all lists, and something that could
be pronounced easily in every language, consistent with the group's desire for an international
presence. In 1985, Chairman and CEO Claude Bébéar chose the name AXA.[8]
Axa Group global locations
[edit] Operations
[edit] AXA in the United Kingdom
AXA trades in the United Kingdom as AXA Sun Life, AXA Insurance, AXA Investment
Managers and AXA PPP Healthcare. AXA PPP Healthcare was created when AXA bought
Guardian Royal Exchange (GRE), though it subsequently sold the other parts of GRE.
AXA run its investment branch through AXA Investment Managers (IM).
[edit] AXA Schengen
AXA Schengen was created to help travelers who need a visa and a travel insurance to enter the
Schengen area. It is the only product of the AXA Group that is sold directly to consumers and on
the internet.

4. [edit] AXA Isle of Man
AXA Isle of Man Limited was originally created as a subsidiary of AXA Sun Life in the United
Kingdom, but since the Isle of Man is not a part of the United Kingdom it is regulated instead by
the laws of the Isle of Man.
Unlike the United Kingdom, the Isle of Man does not require the same access to liquidity of
funds in case the company runs into problems. AXA Isle of Man Limited advertises itself as a
repository for citizens of the United Kingdom and the Channel Islands who seek to shelter their
assets from high taxation.
While the company trades upon the AXA logo and name and group advertising which promotes
the total wealth of the group, the assets of the Isle of Man company are limited to those of the
Isle of Man company itself, and this poses some risk since the island has its own police and
governmental regulatory agencies. Relationship with the United Kingdom is primarily restricted
to foreign affairs.
[edit] AXA Sun Life
AXA Sun Life was created following the merger between AXA Equity & Law and Sun Life
Assurance Society PLC. In 2006 Winterthur Life in the UK was absorbed although AXA
continue to use the Winterthur brand for high net worth wealth management business. In January
2007 AXA Sun Life was reorganised into quot;strategic business unitsquot; (SBU's) aimed at competing
within their specific markets.[9]
The business units are:[10]
Wealth Management - AXA + Winterthur's Bonds + Individual Pensions
Corporate Business - AXA + Winterthur's Group Pensions. AXA intend to create a
quot;Market Leadingquot; group pension proposition using Winterthur's 'Embassy' IT platform.
Protection - This SBU will aim to market AXA's Protection Account as AXA continues
to build on its presence in this area with the intention of becoming a leading protection
provider.
Traditional Business - Concentrating on policies which are still in force but no longer
actively marketed.
AXA Distribution Services - This business unit will soon unveil a wrap proposition
Advisory Services - This SBU consists solely of Thinc Group at present. Originally it
was intended that AXA's tied distribution arm would also report into this SBU until it
was recently incorporated into Thinc Group.
[edit] AXA in the United States
The United States arm of AXA is AXA Financial. AXA Financial consists of many subsidiaries;
AXA Advisors, LLC, AXA Network, AXA Equitable Life Insurance, Mutual of New York
(MONY) (famous for the song quot;Mony Monyquot; that the logo on its building inspired), US
Financial Life, and AllianceBernstein.

5. On December 15 of 2006, AXA Advisors, LLC entered into agreements with LPL (Linsco
Private Ledger), the country's largest independent broker-dealer. LPL agreed to provide
brokerage, clearing and custody services on a fully-disclosed basis. The terms of the agreements
are five years, subject to additional 24-month extensions. Services are expected to begin in
August 2007.
[edit] AXA in Asia Pacific
AXA Life Insurance operates in the Asia Pacific region as AXA Asia Pacific Holdings Ltd.
(AXA APH) which is the former National Mutual Life Association of Australasia, and is listed
on the Australian Securities Exchange. The head office of AXA APH is located in Melbourne,
Australia, and there is a major regional office in Hong Kong. As well as a strong presence in
Australia, Hong Kong and New Zealand, AXA is expanding its operations in Singapore, China,
India, Korea (under partnership with Kyobo Life) Malaysia ( AXA-Affin ), the Philippines and
Indonesia.
AXA General Insurance operates in the Asia Pacific region as AXA Asia P&C. The head-
office of AXA Asia P&C is located in Singapore.
AXA has entered into India through Bharti Enterprises as JV. AXA has three ventures in India,
Bharti AXA Life Insurance Company Ltd, Bharti AXA General Insurance Co. Ltd. and
Bharti AXA investment Managers, and is also present in fusion with OYAK, as AXA OYAK,
in the Turkish market since 1999.
[edit] AXA in the Philippines
The Metropolitan Bank and Trust Company of the Philippines subsequently entered into joint
ventures with renowned corporation the National Mutual Holdings Ltd. of Australia to create
Philippine AXA Life Insurance Corporation.
[edit] Shareholders
Mutuelles Axa - 14.48 %
Employees - 5.23 %
Axa (own shares) - 1.49 %
[edit] See also
AXA Private Equity
European Financial Services Roundtable
[edit] References

6. 1. ^ a b c d quot;Annual Report 2007quot;. AXA.
http://www.axa.com/lib/en/uploads/anr/group/2007/AXA_Annual_Report_2007.pdf. Retrieved
on 2008-06-16.
2. ^ Fortune 500 final list for 2006
3. ^ Axa Isle of Man: History
4. ^ a b c Axa: milestones
5. ^ Axa to buy UAP International Herald Tribune, 13 November 1996
6. ^ Sun Life Stock soars as Axa ups bid to £24bn for remaining stake Independent, 3 May 2000
7. ^ Axa buys Swiss rival Winterthur BBC News, 14 June 2006
8. ^ AXA Website - History of the AXA name
9. ^ Trustnet
10. ^ Press releases - 2006 - AXA reorganises to build a more customer focused organisation
[edit] External links
AXA's website
AXA Australia's website
Yahoo! - AXA Company Profile
Google - Axa Company Profile
GStock - AXA stock quote & chart
FINRA News Release
Companies portal
v•d•e
CAC 40 companies of France
Accor · Air France-KLM · Air Liquide · Alcatel-Lucent · Alstom · Arcelor Mittal · AXA · BNP
Paribas · Bouygues · Capgemini · Carrefour · Crédit Agricole · Dexia · EADS · EDF · Essilor ·
France Télécom · GDF Suez · Groupe Danone · L'Oréal · Lafarge · Lagardère · LVMH ·
Michelin · Pernod Ricard · PSA Peugeot Citroën · PPR · Renault · Saint-Gobain · Sanofi-
Aventis · Schneider Electric · Société Générale · STMicroelectronics · Suez Environnement ·
Total · Unibail-Rodamco · Vallourec · Veolia Environnement · VINCI · Vivendi
v•d•e
S&P/ASX 50 companies of Australia
AGL Energy Limited · Alumina Limited · Amcor Limited · AMP Limited · ASX Limited ·
Australia and New Zealand Banking Group · AXA Asia Pacific Holdings Limited · Babcock &
Brown Limited · BHP Billiton Limited · Bluescope Steel Limited · Brambles Limited ·
Commonwealth Bank of Australia · Crown Limited · CSL Limited · Fairfax Media Limited ·
Fortescue Metals Group Limited · Foster's Group Limited · Goodman Group · GPT Group ·
Insurance Australia Group Limited · Leighton Holdings · Lend Lease Corporation Limited ·
Macquarie Airports · Macquarie Group Limited · Macquarie Infrastructure Group · Mirvac
Group · National Australia Bank Limited · Newcrest Mining Limited · News Corporation · Orica
Limited · Origin Energy Limited · Oxiana Limited · Qantas Airways Limited · QBE Insurance
Group Limited · Rio Tinto Limited · Santos Limited · Stockland · Suncorp-Metway Limited ·
Tabcorp Holdings Limited · Telecom Corporation Of New Zealand Limited · Telstra Corporation

7. Limited · Toll Holdings Limited · Transurban Group · Wesfarmers Limited · Westfield Group ·
Westpac Banking Corporation · Woodside Petroleum Limited · Woolworths Limited ·
Worleyparsons Limited
v•d•e
Major insurance and reinsurance companies
Allianz · PICC · Generali · BNP Paribas · AIG · ING · Zurich Financial
Services · Mapfre · Aegon · CNP Assurances · IF P&C Insurance · Swiss
General Insurers
Life · Fortis
AXA · Aviva · China Life · Swiss Life · Legal & General · Old Mutual ·
Life Insurers
Prudential · Standard Life · Scottish Widows
Reinsurers Hannover Re · Munich Re · Swiss Re · General Re
Retrieved from quot;http://en.wikipedia.org/wiki/AXAquot;
Categories: Companies listed on the Euronext exchanges | Companies listed on the New York
Stock Exchange | CAC 40 companies | CAC 40 | Insurance companies of France | Insurance
companies of Australia | Companies established in 1816
Hidden category: Portal:Companies/Total
Views
Article
Discussion
Edit this page
History
Watch
Personal tools
Gurugulab
My talk
My preferences
My watchlist
My contributions
Log out
Navigation
Main page
Contents
Featured content
Current events
Random article
Search
Go Searc h

8. Interaction
About Wikipedia
Community portal
Recent changes
Contact Wikipedia
Donate to Wikipedia
Help
Toolbox
What links here
Related changes
Upload file
Special pages
Printable version
Permanent link
Cite this page
Languages
‫ال عرب ية‬
Deutsch
Español
Français
Bahasa Indonesia
Italiano
Nederlands
日本語
Polski
Română
Slovenčina
This page was last modified on 17 February 2009, at 00:31.
All text is available under the terms of the GNU Free Documentation License. (See
Copyrights for details.)
Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S.
registered 501(c)(3) tax-deductible nonprofit charity.
Privacy policy
About Wikipedia
Disclaimers