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AXA Equitable Life Insurance Company (AXA Equitable), is a life insurance company, with approximately 2.3 million insurance policies and contracts in force as of December 31, 2007. AXA Equitable is part of a financial services organization offering a spectrum of financial advisory, insurance and investment management services. Together with its affiliates, including AllianceBernstein, the Company is an asset manager, with total assets under management of approximately $881.41 billion at December 31, 2007. AXA Equitable is a wholly owned subsidiary of AXA Financial, which is a wholly owned subsidiary of AXA, a French holding company for an international group of insurance and related financial services companies. AXA Equitable conducts operations in two business segments: the Insurance segment and the Investment Management segment. The insurance business conducted principally by AXA Equitable and its subsidiaries, AXA Life and AXA Distributors, is reported in the Insurance segment.(Source: 10-K)