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Mutual of New York Review

Mutual of New York Ratings and Company Information

Company Rating:
Best Insurance Reports: 06751
Best Rating: A+

Type of Insurance Company: Life and Health Insurance Company

Name of Parent Company:
AXA Financial Group

Company Overview:
Company History: The MONY Life Insurance Company, which was formerly the Mutual Life Insurance Company of New York, is one of the oldest life insurance companies in the United States, having been founded in 1842. In 2004 MONY and affiliated members of the MONY Group were acquired by AXA Financial. Subsequent to the acquisition, substantially all of MONY's operations have been integrated into those of AXA Financial. As part of that process, MONY's distribution channels have been combined with those of AXA Financial and re-branded with the AXA name. Also, MONY's product portfolio has been revised by eliminating many of MONY's life and annuity offerings from its lineup of products previously sold. The AXA companies now coordinate their life insurance, annuity and retirement offerings among the various units. Before the acquisition by AXA, MONY traditionally sold its products through a retail distribution system that consists of career agents, financial advisors and account executives of its broker dealer subsidiaries. Also a wholesale distribution channel that used independent third party insurance general agents, security broker dealers and a corporate marketing team.

Principle Sales Methods: The AXA companies now coordinate their life insurance, annuity and retirement offerings among the various units. Before the acquisition by AXA, MONY traditionally sold its products through a retail distribution system that consists of career agents, financial advisors and account executives of its broker dealer subsidiaries. Also a wholesale distribution channel that used independent third party insurance general agents, security broker dealers and a corporate marketing team.

Life Annuity Business: MONY, together with Equitable and AXA units, offers a variety of life and annuity products.

Company Financial Status:
Ticker Symbol: AXA
Assets & Premiums: MONY Life Insurance Company had assets of $11.0 billion at the end of 2005 and net premiums written of $567 million in 2005.

Lines of Insurance:
Health, Life, Disability

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY

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