1 Followers USX:AXAHY - AXA SA Axa SA ADR
Sector: Financials, Industry: Multi-line Insurance
Next Earnings: 7 May 2024
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USD 37.7    +0.26 (+0.69%)

27 Mar 2024


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General

CEO: Dr. Thomas Buberl

IPO: 1996-06-24

Headquarters: US

Employees: 92,695

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Description

AXA’s origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio to technical risks.

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