AXA Group is a French multinational Insurance company founded in 1817 by Claude Bebear.
Initially the company was called with the name “the Ancienne Mutuelle”, a group of insurance companies. After acquiring Compagnie Parisienne de Garantie in 1978 and Drouot Group in 1982, the company was named as AXA group in 1985, & the company’s headquarters are situated in Paris, France.
AXA group operates mainly in five segments which include International insurance, investment management, Banking and financial services businesses along with other supporting businesses. AXA primary operations are in Europe, North America, and few Asia Pacific nations along with a small reach in the Middle East, Latin America and African regions. The company currently employs more than 1.66 lakh people and serves around 103 million clients in 64 countries.
The motto of the company is to protect the customers: people and Businesses alike in providing life services which would let them pursue their lives and ventures with peace of mind. In order to provide financial security to its clients all along their lives, the company’s markets can be classified as property and casualty, health protection, Banking and asset management. Life insurance, car insurance, property casualty insurance, Wealth or Asset management assistance, retirement products are the types of products the company has in its product portfolio.
As of FY15, AXA Group is the world’s largest insurance group with total assets of $965.4 billion and consolidated sales of $129.8 billion. In Asset management business, It is tenth largest asset management firm in the world with assets around $1484 billion. AXA group is also known for its philanthropic activities in providing financial assistance to research firms, and employee volunteering initiatives based on well-known AXA Heart program. In 2016, the company has decided to stop investing in Tobacco associated company shares in a move to promote pro health policy in its business.