About AXA

AXA SA, through its subsidiaries, provides insurance and asset management services worldwide. The company operates through four segments: Life & Savings; Property & Casualty; Asset Management; and Banking. Life & Savings This segment offers a range of Life & Savings products, including Individual and Group savings products, as well as Life and Health products for both individual and commercial clients. AXA Corporate Solutions Life Reinsurance Company, which is a reinsurance company in the United States, in runoff, notably managing a book of reinsurance contracts of variable annuities. AXA Global Life, which alongside its role as a global business line, is in charge of analysis, structuring and negotiation of reinsurance treaties on behalf of AXA Group insurance companies to a selection of third party reinsurers. In the Life & Savings segment, the company operates primarily in Western Europe, the United States and the Asia-Pacific c. In addition, the company offers Investment and Savings products, as well as Protection and Health products in a number of other jurisdictions, including Latin America, Central and Eastern Europe and Middle East. These products are offered through various distribution channels. AXA’s Life & Savings products include a range of Investment and Savings products, as well as Protection and Health products marketed to individual and commercial clients. Life & Savings products offered by AXA include term life, whole life, universal life, endowment, deferred annuities, immediate annuities, and other investment-based products. Health products offered include critical illness and permanent health insurance products. Types and specific cities of the products offered by AXA vary from market to market. AXA distributes its products through exclusive and non exclusive channels that vary from country to country. Proprietary channels include exclusive agents, salaried sales forces and direct sales. Non-proprietary channels include brokers, independent financial advisors, aligned distributors or wholesale distributors and partnerships. Exclusive agents are individuals or firms commissioned by a single insurance company to sell its products exclusively (or principally) on its behalf. Tied agents are generally exclusive agents. Direct sales relate to all sales made through mail, telephone or internet. Strategy The company’s distribution strategy focuses on strengthening traditional channels and developing new ones, such as direct selling and partnerships. Staff hiring, retention of veteran staff, professionalism and commercial performance are the main initiatives to strengthen traditional distribution channels Property & Casualty This segment offers a range of products, including motor, household, property and general liability insurance for both Personal and Commercial customers, targeting mainly small-to medium-sized companies. In certain countries, Health products are classified as Property & Casualty products . AXA Corporate Solutions Assurance, which is the AXA Group subsidiary dedicated to large corporations for Property & Casualty, loss prevention, risk management, underwriting and claims handling and to specialty markets (Marine, Aviation, Space) worldwide. AXA Global P&C, which alongside its role as a global business line, is in charge of analysis, structuring and negotiation of reinsurance treaties on behalf of AXA Group insurance companies to a selection of third party reinsurers. AXA Global P&C activity is mainly driven by its Property pool, which provides AXA entities with cover on natural catastrophes. AXA Assistance, which is the Group subsidiary committed to servicing its customers in emergencies and everyday situations. AXA Assistance operates through four business lines (Vehicle, Travel, Health and Home) to offer customer focused services. AXA Liabilities Managers, which is the Group’s specialized company in charge of managing AXA Group’s Property & Casualty run-off portfolios. In the Property & Casualty segment, AXA operates mainly in the largest Western European markets. AXA also offers Personal and Commercial Property & Casualty insurance products in other countries in Asia (mainly in Hong Kong, Singapore, Malaysia, China and Thailand), the Europe Middle East, Africa and Latin America Region (Mexico, Colombia and Brazil). In addition, AXA operates in Direct insurance mainly in the United Kingdom, France, South Korea, Japan, Spain and Poland. AXA’s Property & Casualty insurance operations offer a range of products, including motor, household, property and general liability insurance for both Personal and Commercial customers (targeting mainly small-to medium-sized companies) and, in certain countries, Health products. In addition, AXA offers risk engineering services to support prevention policies in companies. AXA distributes its Property & Casualty insurance products through a number of channels that vary from country to country, including exclusive agents, brokers, salaried sales forces, direct sales, banks and other partnerships, including car dealers. In Continental Europe, the same distribution channels may be used by both AXA’s Life & Savings and Property & Casualty operations. Asset Management This segment’s principal asset management companies are AB and AXA Investment Managers. AB, a 63.7% subsidiary, is a global investment management firm based in the United States. AB provides diversified investment management and related services to individual investors, private clients and to a variety of institutional clients, including AXA and its insurance subsidiaries (which collectively are AB’s largest client). AB’s offering includes diversified investment management services through separately managed accounts, hedge funds, mutual funds, and other investment vehicles to private clients (such as high net worth individuals and families, trusts and estates, and charitable foundations); management of retail mutual funds for individual investors; management of investments on behalf of institutional clients; and fundamental research, quantitative services and brokerage related services in equities and listed options for institutional investors. AXA Investment Managers is a significant player in the international Asset Management business. Through its operating entities located in approximately 20 countries, AXA IM provides its clients with a wide range of global products and expertises principally through mutual funds and dedicated portfolios. AXA IM’s clients include institutional investors, individual investors to whom mutual funds are distributed through AXA and external distribution networks, and AXA’s insurance subsidiaries both for main fund and Unit-Linked fund backing insurance products. Banking The operations in this segment are conducted primarily in Belgium, France and Germany. AXA Bank products and services in Belgium are mainly distributed by a network of 558 exclusive bank agents. The company’s products and offers are linked with insurance business and are primarily focused on retail products. The company had approximately 43,000 clients at the end of 2016. The main activities of the company are to provide loans, deposits and investment funds. These products are mainly sold through the tied agent network of AXA Germany Holdings. History AXA SA was founded in 1852. The company was incorporated in 1957.