Changes
{{url}}
{{distinguish|The Equitable Life Assurance Society}}
{{Use mdy dates|date=June 2018}}
{{Infobox company
|name = AXA Equitable Life Insurance Company
|logo = AXA Equitable Holdings logo.svg
|logo_size = 250px
|type = [[Public company|Public]]
|traded_as = {{NYSE|EQH}}
|company_slogan =
|foundation = 1859
|location = 1290 Avenue of the Americas<br>[[New York City]], [[United States]]
|key_people = Mark Pearson, President & CEO
|num_employees =
|assets = $533 billion
|revenue =
|industry = [[Insurance]]: [[Life insurance|Life]] & [[Health insurance|Health]]
|homepage = {{url|https://axaequitableholdings.com/}}
}}
'''AXA Equitable Life Insurance Company''', formerly '''The Equitable Life Assurance Society of the United States''', also known as '''The Equitable''', or simply '''AXA''' was founded by [[Henry Baldwin Hyde]] in 1859. In 1991, [[AXA]], a French insurance company, acquired majority control of The Equitable.<ref>{{Cite news| issn = 0362-4331| last1 = Malkin| first1 = Lawrence| last2 = Neher| first2 = Jacques| title = French Insurer To Put $1 Billion Into Equitable: Axa Buys Stake in U.S. Firm| work = The New York Times| accessdate = April 19, 2015| date = July 19, 1991| url = https://www.nytimes.com/1991/07/19/news/19iht-axa_.html}}</ref> In 2004, it officially changed its name to AXA Equitable Life Insurance Company.<ref>{{cite web | title = AXA Equitable History | publisher = AXA Equitable Life Insurance Company | url = http://www.axa-equitable.com/axa/history.html| accessdate = February 4, 2012 }}</ref> As of 2018, the company has over 15,800 agents licensed by the State of California.<ref>{{Cite web|url=https://www.policypedia.com/agent-directory-by-insurer/AXA%20EQUITABLE%20LIFE%20INSURANCE%20COMPANY/0/1000000|title=Axa Equitable Life Insurance Company Agent Directory (Aanes to Zwilling)|last=Policypedia|website=policypedia.com|language=en|access-date=2018-07-25}}</ref>
==History==
[[File:NYC Equitable Building Before 1919 postcard.jpg|thumb|125px|left|Equitable Building at 120 Broadway on an old postcard]]
Equitable Life Insurance opened its headquarters at the [[Equitable Life Building (New York City)|Equitable Life Building]] in 1875 near [[Wall Street (Manhattan)|Wall Street]]. It had an excellent location with three entrances on [[Broadway (Manhattan)]], Pine Street, and Cedar Street. The edifice had six elevators and incomparable facilities for lawyers, who were located almost entirely in the building's upper stories. Aside from Hyde, who was president of Equitable, the firm's officers included James Waddell Alexander (Vice President), George W. Phillips (Actuary) who was Vice President of the Actuarial Society of America,<ref>{{cite news|title=Obituary|newspaper=The New York Times|date=October 1, 1898|page=7}}</ref> and Samuel Borrowe (Secretary).<ref>{{cite news |title=The New Equitable Life Building |newspaper=[[The New York Times]] |date=January 22, 1875 |p=7}}</ref> Borrowe's family was a prominent New York family connected to the Hallett and Alsop families.<ref>{{cite news|title=Death of Samuel Borrowe|newspaper=The New York Times|date=May 4, 1896|page=5}}</ref>
James Waddell Alexander, the son of [[James Waddel Alexander]], was the company president at the time of the [[James Hazen Hyde|Hyde costume ball scandal]] in 1905, in which [[James Hazen Hyde]], the son of the founder and a vice president of the company, was falsely accused through a media smear campaign initiated by Alexander and board directors [[E. H. Harriman]], [[Henry Clay Frick]], [[J.P. Morgan]] of charging a fabulous $200,000 costume ball to the company. The repercussions rocked Wall Street, and resulted in an investigation of the entire insurance industry by the State of New York.
After the company's headquarters building burned down in 1912, Equitable moved to the [[Equitable Building (Manhattan)|Equitable Building]] at 120 Broadway in Manhattan.
In 1943 during the midst of WWII, Equitable began underwriting policies for the [[WAEPA|War Agencies Employees Protective Association]] to provide group life insurance to U.S. Government employees working in or around war zones. Through WAEPA Equitable sold policies to employees of some 40 U.S. agencies, including individuals from the Offices of Strategic Services and War Information, which often sent their men behind enemy lines, and air-traveling statesmen and Congressmen. By May 1945 only 24 death claims had been filed, (about half the normal peacetime rate for a group plan covering 7,000 workers) allowing the insurer to return roughly 30% of the premiums to WAEPA.<ref>''INSURANCE: Bad Risks, Good Record'', ''[[Time (magazine)|Time]]'' (May 28, 1945 Vol. XLV No.22)</ref>
In 1985, the Equitable Life Assurance Society of the United States, then the U.S.'s third largest life insurance company, formed Equitable Real Estate Investment Management, a subsidiary used by Equitable Life to develop and finance new real estate projects and manage the US$20 billion worth of real estate under Equitable's control.<ref>{{cite news|page=1 |newspaper= [[American Banker]] |date=June 14, 1984|section= |title=Equitable Life Assurance to Create Subsidiary to Manage Real Estate: Move Illustrates Drive for Diversification in Insurance Industry |author=David LaGesse |accessdate=November 23, 2012|url=https://www.questia.com/library/1G1-3308400/equitable-life-assurance-to-create-subsidiary-to-m}}</ref>
==References==
{{reflist}}
==External links==
{{Portal|Companies}}
* {{official|https://www.us.axa.com/ }}
* [http://nrs.harvard.edu/urn-3:HBS.Baker.EAD:bak00116 Equitable Life Assurance Society of the United States Records at Baker Library Historical Collections, Harvard Business School]
{{Broadway (Manhattan)}}
[[Category:Insurance companies of the United States]]
[[Category:AXA]]
[[Category:1859 establishments in New York (state)]]
[[Category:Broadway (Manhattan)]]
[[Category:American companies established in 1859]]
[[Category:2018 initial public offerings]]
[[Category:Companies listed on the New York Stock Exchange]]
{{Use mdy dates|date=June 2018}}
{{Infobox company
|name = AXA Equitable Life Insurance Company
|logo = AXA Equitable Holdings logo.svg
|logo_size = 250px
|type = [[Public company|Public]]
|traded_as = {{NYSE|EQH}}
|company_slogan =
|foundation = 1859
|location = 1290 Avenue of the Americas<br>[[New York City]], [[United States]]
|key_people = Mark Pearson, President & CEO
|num_employees =
|assets = $533 billion
|revenue =
|industry = [[Insurance]]: [[Life insurance|Life]] & [[Health insurance|Health]]
|homepage = {{url|https://axaequitableholdings.com/}}
}}
'''AXA Equitable Life Insurance Company''', formerly '''The Equitable Life Assurance Society of the United States''', also known as '''The Equitable''', or simply '''AXA''' was founded by [[Henry Baldwin Hyde]] in 1859. In 1991, [[AXA]], a French insurance company, acquired majority control of The Equitable.<ref>{{Cite news| issn = 0362-4331| last1 = Malkin| first1 = Lawrence| last2 = Neher| first2 = Jacques| title = French Insurer To Put $1 Billion Into Equitable: Axa Buys Stake in U.S. Firm| work = The New York Times| accessdate = April 19, 2015| date = July 19, 1991| url = https://www.nytimes.com/1991/07/19/news/19iht-axa_.html}}</ref> In 2004, it officially changed its name to AXA Equitable Life Insurance Company.<ref>{{cite web | title = AXA Equitable History | publisher = AXA Equitable Life Insurance Company | url = http://www.axa-equitable.com/axa/history.html| accessdate = February 4, 2012 }}</ref> As of 2018, the company has over 15,800 agents licensed by the State of California.<ref>{{Cite web|url=https://www.policypedia.com/agent-directory-by-insurer/AXA%20EQUITABLE%20LIFE%20INSURANCE%20COMPANY/0/1000000|title=Axa Equitable Life Insurance Company Agent Directory (Aanes to Zwilling)|last=Policypedia|website=policypedia.com|language=en|access-date=2018-07-25}}</ref>
==History==
[[File:NYC Equitable Building Before 1919 postcard.jpg|thumb|125px|left|Equitable Building at 120 Broadway on an old postcard]]
Equitable Life Insurance opened its headquarters at the [[Equitable Life Building (New York City)|Equitable Life Building]] in 1875 near [[Wall Street (Manhattan)|Wall Street]]. It had an excellent location with three entrances on [[Broadway (Manhattan)]], Pine Street, and Cedar Street. The edifice had six elevators and incomparable facilities for lawyers, who were located almost entirely in the building's upper stories. Aside from Hyde, who was president of Equitable, the firm's officers included James Waddell Alexander (Vice President), George W. Phillips (Actuary) who was Vice President of the Actuarial Society of America,<ref>{{cite news|title=Obituary|newspaper=The New York Times|date=October 1, 1898|page=7}}</ref> and Samuel Borrowe (Secretary).<ref>{{cite news |title=The New Equitable Life Building |newspaper=[[The New York Times]] |date=January 22, 1875 |p=7}}</ref> Borrowe's family was a prominent New York family connected to the Hallett and Alsop families.<ref>{{cite news|title=Death of Samuel Borrowe|newspaper=The New York Times|date=May 4, 1896|page=5}}</ref>
James Waddell Alexander, the son of [[James Waddel Alexander]], was the company president at the time of the [[James Hazen Hyde|Hyde costume ball scandal]] in 1905, in which [[James Hazen Hyde]], the son of the founder and a vice president of the company, was falsely accused through a media smear campaign initiated by Alexander and board directors [[E. H. Harriman]], [[Henry Clay Frick]], [[J.P. Morgan]] of charging a fabulous $200,000 costume ball to the company. The repercussions rocked Wall Street, and resulted in an investigation of the entire insurance industry by the State of New York.
After the company's headquarters building burned down in 1912, Equitable moved to the [[Equitable Building (Manhattan)|Equitable Building]] at 120 Broadway in Manhattan.
In 1943 during the midst of WWII, Equitable began underwriting policies for the [[WAEPA|War Agencies Employees Protective Association]] to provide group life insurance to U.S. Government employees working in or around war zones. Through WAEPA Equitable sold policies to employees of some 40 U.S. agencies, including individuals from the Offices of Strategic Services and War Information, which often sent their men behind enemy lines, and air-traveling statesmen and Congressmen. By May 1945 only 24 death claims had been filed, (about half the normal peacetime rate for a group plan covering 7,000 workers) allowing the insurer to return roughly 30% of the premiums to WAEPA.<ref>''INSURANCE: Bad Risks, Good Record'', ''[[Time (magazine)|Time]]'' (May 28, 1945 Vol. XLV No.22)</ref>
In 1985, the Equitable Life Assurance Society of the United States, then the U.S.'s third largest life insurance company, formed Equitable Real Estate Investment Management, a subsidiary used by Equitable Life to develop and finance new real estate projects and manage the US$20 billion worth of real estate under Equitable's control.<ref>{{cite news|page=1 |newspaper= [[American Banker]] |date=June 14, 1984|section= |title=Equitable Life Assurance to Create Subsidiary to Manage Real Estate: Move Illustrates Drive for Diversification in Insurance Industry |author=David LaGesse |accessdate=November 23, 2012|url=https://www.questia.com/library/1G1-3308400/equitable-life-assurance-to-create-subsidiary-to-m}}</ref>
==References==
{{reflist}}
==External links==
{{Portal|Companies}}
* {{official|https://www.us.axa.com/ }}
* [http://nrs.harvard.edu/urn-3:HBS.Baker.EAD:bak00116 Equitable Life Assurance Society of the United States Records at Baker Library Historical Collections, Harvard Business School]
{{Broadway (Manhattan)}}
[[Category:Insurance companies of the United States]]
[[Category:AXA]]
[[Category:1859 establishments in New York (state)]]
[[Category:Broadway (Manhattan)]]
[[Category:American companies established in 1859]]
[[Category:2018 initial public offerings]]
[[Category:Companies listed on the New York Stock Exchange]]
