AXA, which started as a sleepy collection of mutual insurance companies, is today an insurers and a financial management powerhouse. In addition to its strong presence in France, AXA owns US-based AXA Financial, which controls life insurance firm AXA Equitable and investment manager AllianceBernstein. The company also has major subsidiaries in the UK (AXA UK), Germany (AXA Konzern), Japan (AXA Life), and Belgium (AXA Belgium). The AXA companies offer life insurance, personal and commercial property/casualty insurance, financial services, and asset management services. AXA has about €969.4 Billion in assets under management. All in, it counts some 108million customers across more than 55 countries.