| Ticker: AXA | 23, avenue Matignon | |
| Exchange: New York Stock Exchange | Paris, Foreign 75008 | |
| Industry: Financial | 3140755700 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/28/96 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 6/24/96 | |
| Non-U.S. Shares: | 1,600,000 | Filing Price: | - | |
| Primary Shares: | 0 | Offer Price: | $26.40 | |
| Secondary Shares: | 4,000,000 | Gross Spread: | $0.93 | |
| Offering Amount: | $0 | Selling: | $0.55 | |
| Expenses: | $2,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 96,378,766 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| CS First Boston | Co-manager | (212) 909-3312 |
| Dillon, Read & Co. Inc. | Co-manager | (212) 906-7000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $32,303.00 | Assets: | $179,221.00 | ||
| Net Income: | $557.00 | Liabilities: | $171,923.00 | ||
| EPS: | $1.70 | Equity: | $7,298.00 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the holding company for AXA, an international group of insurance and related financial services companies. AXA's insurance operations include activities in life insurance, property and casualty insurance and reinsurance. The insurance operation are diverse geographically, with activities in more than 20 countries, including France, the United States, Australia, the United Kingdom, Canada and other countries, principally in Western Europe and the Asia/Pacific area. AXA is the eleventh largest insurance group in the world based on worldwide revenue in 1994 and the second largest French insurance group based on worldwide gross premiums in 1994. AXA is also engaged in asset management, investment banking, securities trading, brokerage, real estate and other financial services activities principally in the United States, as well as in Western Europe and the Asia/Pacific area. |
| Use of Proceeds |
| Proceeds from the offering will be distributed to selling shareholders, who initially intends to invest the proceeds in its general account insurance portfolio; they may also use proceeds to pay a dividend and for general corporate purposes. |
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