Paris, France-based AXA Group (AXA) is the world's second largest insurance company. The company classifies its operations into five segments: Life and Savings, Property and Casualty, International Insurance, Asset Management, and Other Financial Services. Life and Savings, which accounts for nearly 49% of its in 2006 operating profit, provides a vast range of life insurance, annuity (mainly variable), critical illness, and permanent health protection products. AXA Group writes a substantial portion of this segment s business in the U.S. and France. The P&C segment (31% of 2006 operating profit) offers almost all types of P&C products, including automobile, homeowners, property, and general liability to individuals and commercial customers, mainly in France. The company derived 16% of its operating profit from the Asset Management and the rest (4%) from international insurance and other financial services. AXA Group ordinary shares are listed on the Paris Stock Exchange. Competitors include Group Generali (in France operates Generali France SA) and German leading insurer Allianz.