AXA Reassurance

Dear Clients,

You don't need me to tell you the world is grappling with extreme financial instability and uncertainty unseen for many decades. Here at AXA Equitable, we are acutely aware of the anxiety you may be feeling.

I know more than anything else, you need to know that we are dedicated to helping you meet your financial protection goals. You need assurance that we will fulfill our obligations to you whenever they come due, whether it's next month or many years into the future.

That's why I am writing to you now.

I want to assure you that we are managing our business prudently and doing our part to maintain the financial strength and resources to meet our customer obligations and guarantees and pay claims. I'd like to stress three important points:

AXA Equitable maintains a strong balance sheet.
AXA Equitable manages its assets conservatively.
AXA Equitable is a disciplined risk manager.

Christopher "Kip" Condron
Chairman