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AXA (AXAHY) Other Long-Term Liabilities


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What is AXA Other Long-Term Liabilities?

Other Long-Term Liabilities does not apply to banks and insurance companies.

AXA (AXAHY) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (OTCPK:AXAHY) » Definitions » Other Long-Term Liabilities
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Traded in Other Exchanges
AXAHF:USA AXA:Italy CSp:UK 0HAR:UK CS:France AXA:Germany CS:Austria
Address
25, Avenue Matignon, Paris, FRA, 75008
Website
https://www.axa.com
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 at that time. 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 again.