|The Company was incorporated as a stock life insurance company
under the laws of New
York on July 26, 1859 under the name of Equitable Life Assurance Society of the United
States. The Company was licensed on July 25, 1859 and commenced business on July
28, 1859. In 1917, the Company commenced the process to become a mutual life
insurance company. The Company completed its conversion to a mutual company in
On July 22, 1992, the Company demutualized and converted back to a stock life
insurance company and became a wholly-owned subsidiary of The Equitable Companies
Incorporated (“EQ”). In connection with the demutualization, the Company’s eligible
policyholders received cash, policy credits or common stock of EQ. At demutualization
on July 22, 1992, AXA, a French holding company for an international group of
insurance and related financial services companies, became the owner of 49% of EQ’s
common shares outstanding as well as the owner of convertible preferred stock in
exchange for a $1 billion investment. On December 19, 1994, EQ exchanged all its
outstanding redeemable preferred stock and substantially all of its convertible preferred
stock for common stock, a new series of convertible preferred stock and convertible
debentures. As a result, AXA’s ownership percentage of EQ as of December 31, 1995
increased to 60.6%.
On September 3, 1999, EQ changed its name to AXA Financial, Inc. (“AXA Financial”).
In 1999, AXA Client Solutions, LLC (“Client Solutions”) was formed as a wholly-owned
direct subsidiary of AXA Financial. At the same time, AXA Financial contributed to
Client Solutions all of the Company’s common stock, making Client Solutions the direct
parent of the Company.
On August 30, 2000, AXA Financial received a proposal from AXA for the acquisition of
all of the outstanding common shares of AXA Financial not owned by AXA. On January
2, 2001, AXA completed its acquisition of the remaining minority interest in AXA
On January 1, 2002, Client Solutions distributed all of the Company’s common stock to
AXA Financial, thereby making AXA Financial the direct parent of the Company. On
April 22, 2002, Client Solutions changed its name to AXA Financial Services, LLC.
Effective June 1, 2002, AXA Financial transferred ownership of the Company back to
AXA Financial Services, LLC thereby making it once again the direct parent of the
Effective September 7, 2004 the Company, formerly known as Equitable Life Assurance
Society of the United States, changed its name to AXA Equitable Life Insurance
Company. Effective November 7, 2007 AXA Financial Services, LLC changed its name
to AXA Equitable Financial Services, LLC.
The Company is licensed to do business in all fifty states, the District of Columbia and
According to the Schedule T of their 2016 annual statement for the State of Delaware,
AXA Equitable Life Insurance Company reported life insurance premium considerations
in the amount of $33,864,135, and annuity premium considerations in the amount of
[December 31, 2016-The examination conducted by Shelly Schuman, Joseph Krug, Peter Salvatore and Brian Tinsley is respectfully submitted.
Brian Tinsley, MCM
Delaware Department of Insurance