Axa Group confirms Lehman Brothers and AIG equity exposure
Axa has confirmed a €450m non-material equity exposure to Lehman Brothers and AIG.
The group holds a proprietary equity interest in Lehman Brothers of approximately 0.05% of Lehman Brothers’ total outstanding common shares. Credit exposure to Lehman Brothers, including credit default swaps, net of policyholders’ participation and net of tax is approximately €300m.
The group also holds a proprietary equity interest in AIG of approximately 0.02% of AIG’s total outstanding common shares. The credit exposure to AIG, including credit default swaps, net of policyholders’
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