AXA: AXA Financial has completed the sale of the closed MONY portfolio to Protective for USD 1.06 billion

PR Newswire/Les Echos/ 
AXA
PRESS RELEASE 
NEW YORK, 1 OCTOBER 2013 
AXA Financial has completed the sale of the closed MONY
portfolio to Protective for USD 1.06 billion 
AXA today announced it had successfully completed the sale of MONY Life 
Insurance Company ("MONY") as well as the reinsurance of an in-force book of 
life insurance policies, written primarily prior to 2004 by MONY's subsidiary 
MONY Life Insurance Company of America ("MLOA"), to Protective Life Insurance 
Company ("Protective"). 
As announced on April 10, 2013: 
* The total cash consideration is USD 1.06 billion (or ca. Euro 0.79  
 billion),  the majority of which will be remitted to the Group; 
* This transaction will have the following financial impacts: +3 points 
 on Solvency I ratio, +4 points on Economic Solvency ratio and -1 point on  


     debt gearing.

AXA - PRESS RELEASE

ABOUT AXA FINANCIAL

AXA Financial is one of the premier U.S. organizations in financial protection 
and wealth management through its strong brands:
  *  AXA Equitable Life Insurance Company
  *  AXA Advisors, LLC
  *  AllianceBernstein, L.P
  *  AXA Distributors, LLC
  
ABOUT AXA EQUITABLE

In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a 
leading financial protection company and one of the nation's premier providers 
of life insurance, annuity, and financial products and services. The company's 
products and services are distributed to individuals and business owners 
through its retail distribution channel, AXA Advisors, LLC (member FINRA,
SIPC) and to the financial services market through its wholesale distribution
channel, AXA Distributors, LLC. In 2012, AXA Equitable generated Annual 
Premium Equivalent (APE) of Euro 1.2 billion (up 14% vs. 2011) and Life & 
Savings Underlying Earnings of Euro 0.5 billion (vs. Euro 0.2 billion in 2011).

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ABOUT THE AXA GROUP

The AXA Group is a worldwide leader in insurance and asset management, with 
160,000 employees serving 102 million clients in 57 countries. In 2012, IFRS 
revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 
4.3 billion. AXA had Euro 1,116 billion in assets under management as of 
December 31, 2012.

The AXA ordinary share is listed on compartment A of Euronext Paris under
the ticker symbol CS (ISN FR 0000120628 ) Bloomberg: CS FP ) Reuters:
AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX 
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The AXA Group is included in the main international SRI indexes, such as Dow 
Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme's Finance Initiative 
(UNEP FI) Principles for Sustainable Insurance and a signatory of the UN 
Principles for Responsible Investment.
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-0- Oct/02/2013 06:39 GMT
 
 
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