AXA Financial has completed the sale of the closed MONY portfolio to Protective for USD 1.06 billion

AXA today announced it had successfully completed the sale of MONY Life Insurance Company (MONY) as well as the reinsurance of an in-force book of life insurance policies, written primarily prior to 2004 by MONY's subsidiary MONY Life Insurance Company of America (MLOA), to Protective Life Insurance Company (Protective).