Axa
Redefining Insurance, Redefining Standards
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| Société Anonyme | |
| Traded as | Euronext: CS, OTCQX: |
| Industry | Financial Services |
| Founded | 1817 |
| Founder | Claude Bébéar |
| Headquarters | 25 avenue Matignon, 75008, Paris, France |
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Area served
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Worldwide |
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Key people
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Thomas Buberl (Chairman and CEO) |
| Products | Life, health insurance, Property insurance, Casualty insurance and Investment management, |
| Revenue | €98.53 billion (2015) |
| Profit | €5.61 billion (2015) |
| AUM | €1.071 trillion (2015) |
| Total assets | $965.38 billion (2016) |
| Total equity | €68.5 billion (2015) |
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Number of employees
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166,000 (2015) |
| Website | axa.com |
AXA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services.
AXA is the first insurance brand worldwide for the 8th consecutive year, with a brand value growing 14% in 2016. AXA joined the top 3 global financial services brands in 2016. The AXA Group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East, with presence also in Africa. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The company is a component of the Euro Stoxx 50 .
According to a 2011 paper by Vitali et al., AXA was the second most powerful transnational corporation in terms of ownership and thus corporate control over global financial stability and market competition with Barclays and State Street Corporation taking the 1st and 3rd position, respectively.
The company was originally founded in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle). It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies. It went on to buy the Drouot Group in 1982, becoming Mutuelles Unies/Drouot. It adopted the AXA name in 1985. The takeover of the American insurance company The Equitable, came in 1991. 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. Then in February 1999 AXA acquired Guardian Royal Exchange. In May 2000 AXA acquired all shares it did not already own in Sun Life & Provincial Holdings. On 14 June 2006 AXA acquired the leading Swiss insurance company Winterthur Group from Credit Suisse for approximately €9 billion.
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Wikipedia