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Equitable Holdings, Inc. (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde. In 1991, French insurance firm AXA acquired majority control of The ...
Between 1903 and 1930, the company's insurance tripled, from $1.5 billion to nearly $4.5 billion and assets grew from $401 million to $1.05 billion. [ 3 ] During the Great Depression , however, the Company terminated a number of employees, service contractors, and experienced a series of policy lapses which caused a dip in assets and a decline ...
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The American arm of Axa is Axa Financial, Inc., which is known mainly through its subsidiaries such as Axa Advisors, Axa Network, MONY (formerly Mutual of New York), US Financial Life, and AllianceBernstein. [49] The Equitable was acquired in 1991; the Mutual Life Insurance Company of New York (MONY) was acquired in 2004. [50] [51]
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The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" [1] and "the basis of modern life assurance upon which all life assurance schemes were subsequently based". [2]
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