April 10, 2013
published at 2:00 AM CEST
AXA today announced it had entered definitive agreements with Protective Life Corporation (Protective
) to sell MONY Life Insurance Company (MONY
) and to reinsure an in-force book of life insurance policies written by MONY's subsidiary MONY Life Insurance Company of America (MLOA
) primarily prior to 2004. Under the terms of the agreements and assuming a closing date of October 1, 2013, the total cash consideration will be USD 1.06 billion (or Euro 0.82 billion).
Investor Relations team
Axa Media Relations