We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,225)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (420)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (803)
  • Wink's Articles (354)
  • Wink's Inside Story (275)
  • Wink's Press Releases (123)
  • Blog Archives

  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • AXA Begins Marketing AXA Equitable Shares to the Public

    April 26, 2018 by Allison Bell

    AXA S.A. today formally started the process of offering stock in AXA Equitable Holdings Inc., one of the biggest players in the U.S. life insurance industry, to the public, through an initial public offering.”

    AXA said it will sell 137.25 million AXA Equitable shares, or 24.5% of the total, through the IPO.

    The shares of the New York-based financial services company will trade on the New York Stock Exchange, under the symbol “EQH.”

    Click HERE to read the original story via ThinkAdvisor.

    AXA expects the IPO share price to be somewhere between $24 and $27. That would give the stake AXA is selling a value of about $3.3 billion to $3.7 billion. The starting market value of AXA Equitable as a whole would be about $13 billion to $15 billion.

    The core of AXA Equitable is the old Equitable Life Assurance Society of the United States, which was founded in 1859.

    Equitable Life was one of the largest, most visible mutual insurers in the United States. False accusations about a costume ball a company vice president held in 1905 led to a national media frenzy, and a massive investigation of the insurance industry.

    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. AXA S.A. executives have said they are selling the AXA Equitable stake to raise money to acquire XL Group, a reinsurer. AXA S.A. executives say the plan to shift AXA S.A.’s focus toward insurance risks and away from financial risks, partly because of changes in insurance accounting rules.

    Managers of AXA Equitable are saying that they believe AXA Equitable still has an important role to play in the U.S. financial services market.

    “We aim to be a trusted partner to our clients by providing advice, products and services that help them navigate complex financial decisions,” AXA Equitable says in the registration statement for its IPO. “We believe that the growing and aging U.S. population, shift of responsibility for retirement planning from employers to individuals and overall growth in total investable assets will drive significant demand for our products and services going forward.”

    Company Details

    AXA Equitable gives investors a detailed look at its operations and finances in the registration statement.

    The company reported $1.3 billion in net income for 2017 on $12.5 billion in revenue, compared with $1.7 billion in net income on $11.9 billion in revenue for 2016.

    The company has a total of about 12,200 employees and advisors.

    The company has large individual retirement, group retirement and insurance protections solutions units, as well as a large investment management and research arm.

    The individual retirement unit has about 766,000 clients, and about 900,000 variable annuity contracts in force. The variable annuity contracts hold a total of about $103 billion in account value.

    The group retirement plan operation has about $34 billion in value under management for about 26,000 403(b), 401(k) and 457(b) retirement plans sponsored by schools, municipalities and nonprofit entities. The plans provide retirement benefits for 1 million people, including 725,000 current and former teachers.

    The protection solutions unit has about 900,000 term life, indexed universal life and variable universal life policies in force, with a total face value of $446 billion. The unit also offers disability insurance, dental insurance and vision insurance.

    Distribution Details

    AXA Equitable provides group retirement plans through a division with about 1,000 advisors.

    The company says it distributes individual retirement and protection insurance products through its own AXA Advisors arm, which has about 4,700 advisors, and through 1,000 outside distribution firms. The outside distributors have relationships with 150,000 financial professionals, AXA Equitable estimates.

    “We see opportunities for continued growth by expanding our affiliated and third-party distribution channels,” the company says. “We plan to expand our third-party distribution footprint with select partners and grow our footprint in the fee-based registered investment adviser channel.”

    The company says it has invested in upgrading its financial planning tool software for its advisers, and in building new distribution support capabilities, such as an outbound customer relations unit.

    The company also gives some information about spending on commissions and other distribution-related payments:

    Individual retirement: Distribution spending fell to $609 million, on $4.4 billion in unit revenue, in 2017, from $611 million, on $3.7 billion in revenue, the year before.

    Group retirement: Distribution spending increased to $93 million, on $947 million in unit revenue, from $88 million, on $801 million in unit revenue.

    Protection insurance: Spending fell to $274 million, on $3 billion in unit revenue, from $285 million, on $3.1 billion in unit revenue.

    Originally Posted at ThinkAdvisor on April 26, 2018 by Allison Bell.

    Categories: Industry Articles
    currency