Our History |
1991 |
The New York State Insurance Department certifies policyholder approval of Equitable's demutualization. Looking for a U.S. acquisition, prominent French insurer AXA Group invests $1 billion in Equitable - $750 million in secured notes and $250 million as a subordinated loan to strengthen Equitable's surplus. |
1992 |
Equitable completes New York's largest Initial Public Offering for an insurance company and AXA Group becomes its single largest shareholder. Equitable's assets under management surpass $150 billion. |
1993 |
Equitable introduces the Employee Dividend and Reinvestment and Stock Purchase Plan. |
1994 |
Equitable Companies' assets under management total nearly $175 billion at year-end. |
1995 |
Equitable and AXA Group rank as one of the world's most powerful financial services alliances, with more than $230 billion in assets under management. Alliance Capital Management enters into two new international relationships that provide global research capabilities, access to new markets and new distribution channels. Claude Bébéar, Chairman and CEO, AXA, and Richard H. Jenrette, Chairman and CEO, The Equitable Companies, Inc., receive the "Person of the Year" award from the French-American Chamber of Commerce. Equitable's statutory capital to general accounts liabilities ratio reaches 11.86%, the highest among America's top 10 life insurers. The Equitable Life Assurance Society of the United States receives financial upgrades from Moody's Investors Service, Standard & Poor's, Duff & Phelps, Fitch and A.M. Best. |
1997 |
Assets under management for The Equitable Companies, Inc. reach $240 billion. AXA Group assets exceed $450 billion and, following its merger with rival UAP, AXA becomes the second largest insurer in the world. |
2000 |
AXA buys outstanding minority interests in AXA Financial, Inc., the parent company of AXA Equitable Life Insurance Company. |
2003 |
AXA Group is the leading insurer in the world, with 50 million clients in 50 countries and $979 billion in client assets under management. |
2004 |
AXA Equitable acquires Mutual of New York (MONY), the former employer of Equitable founder Henry Hyde. |
2005 |
As corporations and as individual employees, AXA Group and AXA Financial respond with humanitarian relief to victims of the South Asian tsunami and Hurricane Katrina with humanitarian relief to victims of the catastrophe. |
2006 |
The Council on Foundations recognizes AXA Foundation’s diversity programs as a best practices model. |
