AXA is the largest insurance group in the world. At first, it was a mechanical combination of many mutual insurance companies, and now it is the largest insurance company in the world (like Allianz in Germany and ING in the Netherlands) and an asset management giant.
AXAFinancial, a subsidiary of AXA in the United States, holds a majority stake in AllianceCapitalManagement. At the same time, there are many subsidiaries overseas. These subsidiaries of AXA are engaged in life insurance, personal property and accident insurance, corporate property and accident insurance, reinsurance, financial services and real estate investment.