LIFE & SAVINGS NEW BUSINESS VOLUME(1) UP 26% (UP 10% ON A
COMPARABLE BASIS) PARIS, Nov. 8 /PRNewswire-FirstCall/ -- -- Life
and Savings new business volume (APE)(1) was up 26% to Euro 5,599
million, or 10% on a comparable basis(3), reflecting AXA's
continued organic growth momentum. The main contributors to the
growth were the United States, Australia/New Zealand and the United
Kingdom while Japan remained negative. Unit-linked new business APE
mix increased from 49.2% to 54.4%. -- Life and Savings new business
value (NBV)(2) was up 19% to Euro 1,250 million, or 10% on a
comparable basis(3), with a margin of 22.3%, in line(3) with 9M06
as a result of positive business mix evolution offset by negative
country mix evolution. -- Property & Casualty revenues
increased by 30% to Euro 19,631 million, or 4% on a comparable
basis(3), mainly driven by the UK and fast growing markets (Turkey
up 20%, Morocco up 19% and Asia up 10%) with strong Personal Motor
and Household net new inflows reaching respectively 897,000 and
265,000 contracts. Personal lines were up 5% and Commercial lines
up 2%. -- Asset Management revenues increased by 16% to Euro 3,621
million, or 23% on a comparable basis(3), driven by higher average
Assets under Management and business mix improvement. Both
AllianceBernstein and AXA IM revenues grew at a strong double digit
pace. * * * (1) Annual Premium Equivalent (APE) represents 100% of
new business regular premiums + 10% of new business single
premiums. APE is Group share. (2) New Business Value (NBV) is Group
share. NBV for both 9M06 and 9M07 were computed using profitability
factors by products from year-end 2006. Economic and actuarial
assumptions remained unchanged. (3) Changes on a comparable basis
were calculated at constant FX and scope (notably Winterthur's
contribution was included in both 2006 and 2007 figures). Nine
months ended Change Change (Euro million, except on a when
otherwise reported Comp.(a) Scope & FX noted) 9M06 9M07 basis
basis Other impact(b) Life & Savings new business(c) APE 4,435
5,599 +26.3% +10.5% +19.1% -3.3% NBV 1,049 1,250 +19.2% +9.7%
+14.8% -5.3% NBV to APE margin 23.7% 22.3% -1.3 pts -0.2 pt
Property & Casualty revenues 15,101 19,631 +30.0% +3.9% +26.7%
-0.6% International Insurance revenues 3,185 3,119 -2.1% +6.5%
-7.8% -0.8% Asset Management Revenues 3,117 3,621 +16.2% +22.5%
+0.3% -6.7% Net inflows (Euro billion) 65 25 Total revenues 58,574
71,652 +22.3% +5.9% +19.3% -2.8% (a) Change on a comparable basis
was calculated at constant FX and scope (notably Winterthur's
contribution was included in both 2006 and 2007 figures). (b)
Mainly due to continued appreciation of the Euro against US Dollar,
Yen and CHF. (c) Group share "9M07 figures continued to demonstrate
AXA's sustained top line momentum while the integration of
Winterthur continues to progress well," said Henri de Castries,
Chairman of the AXA Management Board. "Our Life & Savings
activities delivered once more double-digit growth. NBV margin
improved compared to 1H07 notably as a result of an increased
contribution from our Accumulator roll-out program." "The Property
& Casualty revenues demonstrated good resilience in a
competitive pricing environment, especially in retail lines." "Our
Asset Management business continued to record strong performance
but experienced in Q307 some net outflows from third party
investors in low fee asset classes." * * * Numbers herein have not
been audited. APE and NBV are both in line with the Group's EEV
disclosure. They are non-GAAP measures, which Management uses as
key indicators of performance in assessing AXA's Life & Savings
business and believes to provide useful and important information
to shareholders and investors. IFRS revenues are available in
Appendix 3 of this release. LIFE & SAVINGS: Life and Savings
new business volume (APE) was up 26% to Euro 5,599 million, or 10%
on a comparable basis, reflecting AXA's continued organic growth
momentum. The main contributors to the growth were the United
States, Australia/New Zealand and the United Kingdom while Japan
remained negative. Unit-linked new business APE mix increased from
49.2% to 54.4%. Life and Savings new business value (NBV) was up
19% to Euro 1,250 million, or 10% on a comparable basis, with a
margin of 22.3%, in line with 9M06 as a result of positive business
mix evolution offset by negative country mix evolution. Annual
Premium Equivalent, Change Change Group share (Euro million)
September 30, September 30, on a on a Nine months ended 2006 2007
reported comparable basis basis Life & Savings 4,435 5,599
26.3% 10.5% United States 1,424 1,597 12.2% 21.2% France 873 899
2.9% 2.9% Japan 487 431 -11.5% -16.7% United Kingdom 764 1,227
60.6% 17.7% Germany 188 313 66.5% 3.4% Switzerland(1) - 187 - 0.3%
Belgium 230 255 11.0% 7.8% Southern Europe 87 110 26.3% -12.8%
Central & Eastern Europe - 74 - 49.0% Australia/New Zealand 310
402 29.7% 25.6% Hong Kong 72 104 44.6% 15.9% (1) In compliance with
AXA Group methodology, 9M07 APE includes voluntary additional
purchase premiums for Euro 16 million. Change on a comparable basis
includes Euro 9 million in 2006. New Business Value, Change Change
Group share September 30, September 30, on a on a (Euro million)
2006 2007 reported comparable Nine months ended basis basis Life
& Savings 1,049 1,250 19.2% 9.7% United States 316 329 4.2%
12.6% France 138 148 7.6% 7.6% Japan 282 299 6.0% 3.8% United
Kingdom 69 113 63.0% 29.6% Germany 57 98 72.6% 22.1% Switzerland -
38 - -21.1% Belgium 99 102 2.5% 9.2% Southern Europe 16 15 -6.8%
-12.1% Central & Eastern Europe - 18 - 39.0% Australia/New
Zealand 27 38 38.0% 33.6% Hong Kong 45 53 16.4% 0.0% The following
comments are on a comparable basis. The United States new business
APE increased by 21% due to strong growth in sales of Variable
Annuities (up 20%) as well as in Life products. Variable Annuities
growth was primarily driven by the continued expansion in the third
party distribution networks, especially independent financial
advisory firms. The addition of product features also contributed
to the increase in sales. NBV was up 13% to Euro 329 million with a
NBV margin of 20.6%, down 1.6 points from 9M06 primarily due to
increased sales of Universal Life to older clients. However, the
NBV margin improved in 9M07 compared to 1H07 (20.6% at 9M07 vs.
19.6% at 1H07) largely due to change in product mix. France new
business APE increased by 3% to Euro 899 million driven by Group
retirement (+57%) as well as Individual Life and Health (+10%).
Individual Savings were down 5% despite strong sales in 3Q07.
France NBV increased by 8% to Euro 148 million mainly driven by
volumes and improved business mix which includes the contribution
from the Accumulator-type product "Capital Resources" launched in
March 2007. Unit- linked share increased from 23% to 26%. NBV
margin was up 0.7 points to 16.5%. Japan new business APE decreased
by 17% to Euro 431 million, in line with 1H07 trend as certain Term
products no longer benefit from a favorable tax environment. The
lower term product sales were partly offset by strong performance
from medical and cancer product sales (+Euro 76 million) and the
sales of US Dollar and Yen denominated variable annuity products
(Euro 39 million). Japan NBV increased by 4% to Euro 299 million
reflecting the company's successful strategy to focus on more
profitable medical products and to develop individual savings
products. Unit linked share increased from 9% in 9M06 to 21% in
9M07 due to the increase in variable annuity sales. In the United
Kingdom, new business APE was up 18% to Euro 1,227 million due to a
13% growth in pension reflecting the strength of the combined AXA
and Winterthur Individual pension offering and the impact of strong
sales of offshore bonds in 1Q07 prior to a change in the tax
environment of these products. Life Risk products business grew by
22% following improved penetration of individual protection
products in the IFA market. The United Kingdom NBV increased by 30%
to Euro 113 million as a result of higher volumes. NBV margin was
up 0.8 points to 9.2%. Germany new business APE was up 3% to Euro
313 million due to strong growth in Investment & Savings
unit-linked products (especially "TwinStar" product range), partly
offset by the negative impact of traditional Riester products
(notably in Winterthur's portfolio) which had benefited last year
from strong inflows as a result of a 2006 fiscal incentive. Germany
NBV recorded a sharp 22% growth to Euro 98 million as a result of
improved business mix towards TwinStar products. NBV margin was up
4.8 points to 31.4%. Switzerland new business APE was stable at
Euro 187 million with Individual life up 9% and Group life down 2%.
Unit-Linked share was up to 7% further to the launch of new
products (including AXA comfort). Switzerland NBV was down 21% to
Euro 38 million. NBV margin was 20%, down 5.5 pts due to a large
co-insurance agreement in Group life. Belgium new business APE was
up 8% to Euro 255 million due to individual life (+4% to Euro 234
million), mainly driven by non unit-linked products (largely Crest
40), and Group business (+70% to Euro 21 million). Belgium NBV was
up 9% to Euro 102 million, largely driven by higher volumes. NBV
margin was up 0.5 point to 40%. Southern Europe new business APE
decreased by 13% to Euro 110 million due to the non-recurrence of
single premiums in group business (down 37%) notably at Winterthur
in 2006 as well as a decrease in individual segment. Southern
Europe NBV decreased by 12% to Euro 15 million, in line with lower
volumes. NBV margin was up 0.1 point to 13.3%. Central &
Eastern Europe new business APE was up 49% to Euro 74 million,
mainly driven by Czech Republic (+72% to Euro 25 million) and
Hungary (+48% to Euro 17 million), benefiting from strong Life
unit-linked sales (+105% to Euro 27 million) and Pension Fund
transfers from competitors (+28% to Euro 45 million). Central &
Eastern Europe NBV was up 39% to Euro 18 million due to higher
volumes and lower average margin as a result of a change in country
mix. NBV margin remained very strong at 24.6%, down 1.8 points.
Australia/New-Zealand new business APE was up 26% to Euro 402
million mainly driven by continued strong inflows into mezzanine
Global Equity Value fund and ipac wholesale products, in addition
to strong personal superannuation flows into Summit &
Generations platforms. Australia/New Zealand NBV was up 34% to Euro
38 million. The NBV margin increased from 8.8% to 9.3% due to scale
benefits from the increasing funds under management in wealth
management and improved business mix. Hong Kong new business APE
was up 16% to Euro 104 million, reflecting strong growth in
individual unit-linked regular premiums and Group retirement sales
as a result of the buoyant economic environment and encouraging
results from the new Citibank bancassurance agreement (signed in
July 2007). Hong Kong NBV was stable at Euro 53 million as the
increase in sales was offset by a lower NBV margin following a
reduced share of higher margin traditional products. NBV margin
remained very strong at 50.6%, down 7.6 points. * * * PROPERTY
& CASUALTY: Property & Casualty revenues increased by 30%
to Euro 19,631 million, or 4% on a comparable basis, mainly driven
by the UK and fast growing markets (Turkey up 20%, Morocco up 19%
and Asia up 10%) with strong Personal Motor and Household net new
inflows reaching respectively 897,000 and 265,000 contracts.
Personal lines were up 5% and Commercial lines up 2%. IFRS Revenues
Change Change Nine months ended on a on a (Euro million) September
30, September 30, reported comparable 2006 2007 basis basis
Property & Casualty 15,101 19,631 +30.0% +3.9% * France 4,081
4,182 +2.5% +2.5% * Germany 2,296 2,909 +26.7% +1.5% * Switzerland
81 1,883 ns -0.3% * United Kingdom & Ireland 3,635 3,971 +9.2%
+7.8% * Southern Europe 2,245 3,235 +44.1% +3.7% * Belgium 1,162
1,648 +41.8% +1.5% * Other countries 1,601 1,804 +12.7% +11.1% of
which Canada 811 804 -0.9% +4.4% of which Turkey 371 441 +18.9%
+20.5% of which Asia(a) 238 336 +0.9% +9.6% of which Morocco 125
147 +17.8% +19.1% (a) Singapore, Hong Kong, Japan and Korea in 2007
(Change on a comparable basis excludes Kyobo Auto figures in both
2006 and 2007) The following comments are on a comparable basis.
Personal lines (60% of P&C premiums) were up 5%. Motor revenues
grew by 6% mainly driven by (i) the UK & Ireland (+24%),
largely as a result of the new business written through the
Internet player Swiftcover, (ii) Southern Europe up 7%, following
new product launches in 2006 and 2007 (mainly "Protezione at
volante" in Italy and "Dynamic 2" in Spain) (iii) Turkey (up 23%),
Asia (up 14%) and Morocco (up 8%) which confirmed their strong
momentum, (iv) partly offset by lower growth in countries where
competition was strong like France (+0%) and Switzerland (-1%).
Non-motor revenues increased by 5% mainly driven by (i) the UK
& Ireland (+9%) mostly in health business, (ii) Southern Europe
(+7%) due to Accident and Health products (iii) partly offset by
France (+1%) and Germany (+2%). Commercial lines (39% of P&C
premiums) were up 2%. Motor revenues were up 1%, as the growth in
Germany (+6%) and France (+2%) was offset by Southern Europe (-8%)
due to a lower contribution from former Winterthur fleet rental
business further to a strategic decision and Belgium (-2%).
Non-motor revenues were up 2%, with France up 6% driven by
Construction and Liability and the UK up 3% largely driven by
Health, partly offset by Belgium (-3%) due to the non-renewal of
some less profitable contracts. * * * ASSET MANAGEMENT Asset
Management revenues increased by 16% to Euro 3,621 million, or 23%
on a comparable basis, driven by higher average assets under
management and business mix improvement. Both AllianceBernstein and
AXA IM grew at a strong double digit pace. AllianceBernstein
revenues increased by +20% on a comparable basis largely due to
higher base advisory fees (+26%, with +30% in institutional
clients, +21% in retail clients and +25% in private clients) driven
by higher average assets under management (+23%). Other revenues
(mainly distribution fees, institutional research and performance
fees) were up 7%. AXA Investment Managers revenues increased by 28%
on a comparable basis mainly driven by 24% higher average assets
under management and favorable client and product mix evolution.
Assets Under Management were Euro 1,123 billion as of September 30,
2007 as a result of net inflows (Euro +25 billion), market
appreciation (Euro +60 billion), impact of transfers from
Winterthur (Euro +61 billion) partly offset by a strong negative
exchange rate impact (Euro -51 billion). AllianceBernstein net
inflows of Euro 17 billion were strong across all client categories
(Euro 6 billion from institutional clients, Euro 5 billion from
retail and Euro 6 billion from private clients). Net inflows in
3Q07 were close to zero with net outflows in the institutional
channel (largely low fee index mandates for approximately Euro 4
billion). AXA Investment Managers net inflows of Euro 8 billion
were driven by AXA's Main funds (Euro 4 billion), Institutional
clients (Euro 2 billion) and retail segment (Euro 1 billion). AXA
IM recorded in 3Q07 third party net outflows of Euro 6 billion in
certain lower margin funds (mainly institutional money market
clients). 9M 2007 AUM Roll-forward In Euro billion
AllianceBernstein AXA IM Total AUM at FY06 544.1 484.6 1,028.7 Net
inflows 17.3 7.6 24.8 Market appreciation 54.1 5.7 59.7 Scope
impact (Winterthur) - 61.3 61.3 Other impacts - -0.8 -0.8 Forex
impact -42.5 -8.4 -50.8 AUM at 9M07 573.0 550.0 1,123.0 Average AUM
over the period 568.9 544.6 1,113.5 Change on a reported basis 13%
21% 17% Change on a comparable basis 23% 24% 23% * * *
INTERNATIONAL INSURANCE: International Insurance revenues were down
2% to Euro 3,119 million, or up 7% on a comparable basis, with AXA
Corporate Solutions Assurance up 6%, driven by selective portfolio
development and AXA Assistance up 15%. IFRS Revenues Change Change
Nine months ended on a on a (Euro million) September 30, September
30, reported comparable 2006 2007 basis basis International
Insurance 3,185 3,119 -2.1% +6.5% * AXA Corporate Solutions
Assurance 1,416 1,511 +6.7% +6.0% * AXA Assistance 463 531 +14.7%
+15.0% * AXA Cessions 57 59 +2.3% +2.3% * Other transnational
activities (a) 1,249 1,019 -18.4% N/A (a) Other transnational
activities include AXA RE. The sale of AXA RE's business to Paris
Re Holdings was completed on December 21, 2006. AXA RE's revenues,
reported under "Other Transnational Activities" amounted to Euro
1,005 million at 09/30/2007 versus Euro 1,222 million at
09/30/2006. 100% of the business fronted on behalf of Paris Re was
retroceded to Paris Re Holdings or its affiliates and therefore
these amounts have been excluded from comparison on a comparable
basis. The fronting was terminated on October 1st, 2007. * * *
About AXA AXA Group is a worldwide leader in Financial Protection.
AXA's operations are diverse geographically, with major operations
in Europe, North America and the Asia/Pacific area. IFRS revenues
amounted to Euro 79 billion in FY06 (Euro 51 billion at 1H07) and
IFRS adjusted earnings amounted to Euro 5,140 million in FY06 (Euro
3,424 million at 1H07). The AXA ordinary share is listed and trades
under the symbol AXA on the Paris Stock Exchange. The AXA American
Depository Share is also listed on the NYSE under the ticker symbol
AXA. AXA Investor Relations: Etienne Bouas-Laurent:
+33.1.40.75.46.85 Paul-Antoine Cristofari: +33.1.40.75.73.60
Emmanuel Touzeau: +33.1.40.75.49.05 George Guerrero:
+1.212.314.2893 AXA Media Relations: Christophe Dufraux:
+33.1.40.75.46.74 Clara Rodrigo: +33.1.40.75.47.22 Laurent
Secheret: +33.1.40.75.48.17 Mary Taylor: +1.212.314.5845 IMPORTANT
LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-
LOOKING STATEMENTS Certain statements contained herein are
forward-looking statements including, but not limited to,
statements that are predictions of or indicate future events,
trends, plans or objectives. Undue reliance should not be placed on
such statements because, by their nature, they are subject to known
and unknown risks and uncertainties. Please refer to AXA's Annual
Report on Form 20-F and AXA's Document de Reference for the year
ended December 31, 2006, for a description of certain important
factors, risks and uncertainties that may affect AXA's business. In
particular, please refer to the section "Special Note Regarding
Forward-Looking Statements" in AXA's Annual Report on Form 20-F.
AXA undertakes no obligation to publicly update or revise any of
these forward-looking statements, whether to reflect new
information, future events or circumstances or otherwise. APPENDIX
1 LIFE & SAVINGS - Breakdown of APE between unit-linked, non
unit-linked and mutual funds 11 main countries/regions and modeled
business First Nine Months 2007 - Group Share % UL in APE UL 9M07
APE (excl. mutual change on Mutual funds) comparable Euro million
UL Non-UL Funds 9M06 9 M07 basis France 236 662 23 % 26 % + 18 %
United States 920 341 336 75 % 73 % + 24 % Japan 91 340 9 % 21 % +
36 % United Kingdom 1,115 112 89 % 91 % + 17 % Germany 110 203 38 %
35 % + 45 % Switzerland 12 174 -- 7 % + 157 % Belgium 35 220 16 %
14 % - 11 % Southern Europe 16 89 5 7 % 15 % - 38 % Central &
Eastern Europe 53 22 -- 71 % + 50 % Australia/New-Zealand 12 27 363
28 % 30 % + 9 % Hong-Kong 61 42 37 % 59 % + 36 % TOTAL 2,662 2,233
704 49 % 54 % + 21 % APPENDIX 2 PROPERTY & CASUALTY - Split by
business line - First Nine Months of 2007 Personal Personal
Commercial Commercial Motor Non-Motor Motor Non-Motor Change Change
Change Change on on on on % Gross comp. % Gross comp. % Gross comp.
% Gross comp. Revenues basis Revenues basis Revenues basis Revenues
basis France 32% +0% 27% +1% 9% +2% 33% +6% Germany 33% -1% 13% -1%
4% +7% 47% +0% United Kingdom(a) 15% +24% 37% +9% 7% +4% 41% +3%
Southern Europe 54% +7% 21% +7% 7% -8% 18% -1% Belgium 34% +4% 25%
+4% 7% -2% 34% -3% Canada 36% +8% 17% +9% 8% +2% 40% -1% Other 62%
+20% 5% +10% 3% +9% 32% +17% TOTAL 35% +6% 26% +5% 7% +1% 32% +2%
(a) Including Ireland APPENDIX 3 - AXA GROUP IFRS Revenues -
Comparison 9M07 vs. 9M06 Euro million 9M 2006 9M 2007 IFRS revenue
change IFRS IFRS Reported Comp. basis TOTAL 58,574 71,652 22.3 %
5.9 % Life & Savings 36,885 45,032 22.1 % 5.6 % United States
11,539 12,285 6.5 % 15.0 % France 10,831 11,199 3.4 % 3.4 % Japan
3,906 3,867 -1.0 % -1.8 % United Kingdom 3,169 3,521 11.1 % 2.3 %
Germany 2,562 4,471 74.5 % 2.5 % Switzerland 111 3,575 ns -1.1 %
Belgium 1,807 2,245 24.3 % 13.6 % Southern Europe 915 1,177 28.6 %
-11.2 % Other countries (1) 2,045 2,692 31.7 % 6.6 % of which
Australia/New-Zealand 949 1,056 11.3 % 7.3 % of which Hong-Kong (2)
763 907 18.9 % 1.3 % of which Central & Eastern Europe -- 308
ns 12.4 % Property & Casualty 15,101 19,631 30.0 % 3.9 % France
4,081 4,182 2.5 % 2.5 % Germany 2,296 2,909 26.7 % 1.5 %
Switzerland 81 1,883 ns -0.3 % United Kingdom + Ireland 3,635 3,971
9.2 % 7.8 % Southern Europe 2,245 3,235 44.1 % 3.7 % Belgium 1,162
1,648 41.8 % 1.5 % Other countries 1,601 1,804 12.7 % 11.1 %
International Insurance (3) 3,185 3,119 -2.1 % 6.5 % AXA Corporate
Solutions Assurance 1,416 1,511 6.7 % 6.0 % Others 1,769 1,608 -9.1
% 7.7 % Asset Management 3,117 3,621 16.2 % 22.5 %
AllianceBernstein 2,106 2,336 10.9 % 19.9 % AXA Investment Managers
1,010 1,285 27.2 % 28.0 % Other Financial Services 286 249 -13.2 %
-3.6 % (1) Newly consolidated South Eastern Asia entities
contributed Euro 52 million to "other countries" Life & Savings
revenues. (2) MLC which was acquired on May 8, 2006 contributed
Euro 81 million to Hong Kong Life & Savings revenues. (3) AXA
RE's revenues amounted to Euro 1,005 million at 9M07 versus Euro
1,222 million at 9M06 and are excluded from comparison between 9M07
and 9M06 on a comparable basis. APPENDIX 4 - AXA GROUP IFRS
Revenues in local currency - Discrete quarters 2006/2007 In million
local currency except Japan in billion 1Q06 2Q06 3Q06 4Q06 1Q07
2Q07 3Q07 Life & Savings United States 4,806 4,958 4,589 4,981
5,258 5,654 5,601 France 3,809 3,809 3,213 3,966 4,313 3,479 3,407
Japan 176 204 172 167 201 210 197 United Kingdom 739 685 747 755
765 846 771 Germany 856 845 861 1,119 1,518 1,467 1,486 Switzerland
87 45 43 48 4,434 837 580 Belgium 761 545 500 705 957 671 617
Southern Europe 280 400 235 442 356 512 308 Other countries of
which Australia/ New-Zealand 477 585 517 510 515 600 614 of which
Hong-Kong 2,122 2,046 3,170 2,764 3,690 2,729 3,131 of which
Central & Eastern Europe 103 98 106 Property & Casualty
France 1,709 1,124 1,249 1,106 1,744 1,151 1,286 Germany 1,348 453
495 449 1,620 582 707 Switzerland 72 23 31 22 2,676 250 156 United
Kingdom + Ireland 804 893 793 728 863 975 849 Southern Europe 799
774 673 906 1,131 1,159 945 Belgium 444 356 363 349 641 514 493
Canada 335 434 374 361 334 442 417 International Insurance AXA
Corporate Solutions Assurance 833 265 318 273 859 337 314 Others,
including AXA RE 959 1,441 516 328 1,441 683 427 Asset Management
AllianceBernstein 829 912 879 1,101 987 1,077 1,076 AXA Investment
Managers 314 360 337 435 397 458 430 Other Financial Services 87 95
105 95 80 76 93 APPENDIX 5 - 3Q07 press releases Earnings *
08/09/2007 AXA HY07 earnings Merger, Acquisitions and disposals *
10/19/2007 AXA and BMPS finalize their partnership on the Italian
financial protection market * 09/12/2007 AXA announces partnership
with Bao Minh on the Vietnamese insurance market * 09/06/2007 AXA
completes the sale of its Dutch insurance operations * 07/27/2007
AXA and BNP Paribas extend their partnership to take the 3rd place
on the Ukranian P&C insurance market * 07/25/2007 AXA to sell
its operations in Taiwan Other * 10/10/2007 AXA announces the
launch of Euro 100 million research fund to promote academic
research * 09/19/2007 AXA joins the Dow Jones Sustainability STOXX
and World Indices * 09/18/2007 AXA announces the subscription
prices for 2007 employee share offering * 07/06/2007 AXA announces
the success of its second securitization of motor insurance risk *
07/02/2007 AXA allocates 50 free shares to all AXA employees
worldwide Please refer to the following web site address for
further details: http://www.axa.com/en/press/pr/ APPENDIX 6 - 3Q07
significant operations on AXA shareholders equity and debt
Shareholders equity Since June 30 2007, AXA bought back 45 million
shares for a total amount of Euro 1.3 billion. Debt No significant
events to be reported in the third quarter. DATASOURCE: AXA Group
CONTACT: Investor Relations: Etienne Bouas-Laurent,
+33-1-40-75-46-85, Paul-Antoine Cristofari, +33-1-40-75-73-60,
Emmanuel Touzeau, +33-1-40-75-49-05, George Guerrero,
+1-212-314-2893; or Media Relations: Christophe Dufraux,
+33-1-40-75-46-74, Clara Rodrigo, +33-1-40-75-47-22, Laurent
Secheret, +33-1-40-75-48-17, or Mary Taylor, +1-212-314-5845, all
of AXA Web site: http://www.axa-equitable.com/
http://www.axa.com/en/press/pr
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