Get the latest news and publications about the AXA Group strategy. Axa S.A. said it has completed the sale of its remaining stake in Axa Equitable Holdings Inc. to Goldman Sachs as the sole underwriter in a registered public offering of the shares.. . Analysts at Moody’s are worrying about the U.S. operations’ potential loss of access to the AXA brand name, but, of course, AXA Equitable Life is really the old Equitable Life Assurance Society of the United States. This means that you may see both the current and the updated company names in use simultaneously during this period. Axa Equitable Holdings Inc. sold 137.25 million shares at $20 each in the IPO to raise $2.75 billion. Axa to Spin Off US Life, Asset Management Operations as First-Quarter Revenue Shows Slight Rise May 11, 2017 by David Pilla . . Axa Sells Remaining Shares of US Spinoff Axa Equitable Axa S.A. said it is selling its remaining stake in Axa Equitable Holdings Inc. through an offering that is expected to close on Nov. 13. . In January 2020 it changed its name back to Equitable following its spinoff from AXA and the related public offerings beginning in May 2018. French insurer AXA has sealed the spin-off of its private equity arm under the brand name "Ardian", reaping a 200 million-euro capital gain ($270 million) and retaining a 23-percent stake in the unit. GO TO EQUITABLE.COM. Axa Equitable Holdings Inc. sold 137.25 million shares at $20 each in the IPO to raise $2.75 billion. Company Profile. Payout Estimate. . History The profit drop clouds a 7% gain in underlying earnings. The partial spinoff of Axa’s U.S. unit knocked about 600 million euros off earnings. New. This week featured the largest IPO of 2018, AXA Equitable. Still, underlying profit gained 7% to 3.62 billion euros, more than analysts had expected. In 1991, Axa, a French insurance company, acquired majority control of The Equitable. Executives at AXA, the corporate parent of AXA Equitable, today said that they hope to spin AXA Equitable off as a separate company by June 30, if market conditions make that possible. Payout History. AXA Group global website. Equitable offered its first variable annuity product in 1970 and, under AXA, in 2010, pioneered the structured variable annuity in 2010. A partial AXA U.S. business spinoff could lead to a similar outpouring of marketing energy.
Compare. News & Research. .-- This content requires a subscription-- Equitable Holdings (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) was founded by Henry Baldwin Hyde in 1859. That’s well short of the $3.7 billion it was trying to raise at the high end of the $24 to $27 share-price range marketed to investors. Axa Completes Sale of Remaining Shares of US Spinoff Axa Equitable. AXA S.A. bought a controlling stake in Equitable in 1991. Executives at the Paris-based company began talking about the possibility of a partial AXA Equitable spin-off about a year ago. In 2004, it officially changed its name to AXA Equitable Life Insurance Company. Axa Equitable Holdings has committed to return 40 percent to 60 percent of its adjusted operating earnings on an annualized basis to shareholders, beginning in 2018, according to the filing.