Financial Planning & Analysis Organization Chart

Team Profiles
The Financial Planning & Analysis Department (Center Code 80148) performs multiple functions related to the analysis and tracking of expenses. Such functions include cost allocation, unit costing and productivity benchmarking. The team is also responsible for providing business support and managing the budgeting and forecasting processes, which consist of expenses of approximately $1.4 billion. Additionally, the department undertakes various finance related special projects, IT governance and IT project tracking. Overall the department demonstrates excellence in financial and management reporting and analysis while adhering to timely accounting standards. The teams within the department are outlined below. The Operational Accounting and Allocations Team is led by Lisa park and performs multiple functions related to analysis and tracking, reporting and business support, along with expense allocations. o The Business Analytics Team partners with multiple business areas in efforts related to analysis, establishing business cases, marketing and enterprises initiatives tracking, and automating/improving processes. Performance assessment is a key output as is generating reports that have an audience that spans multiple levels of the organization. o The Expense Allocations Team makes several contributions to AXA Equitable. On a monthly basis, the SOX regulated Cost Allocation Model (CAM) calculates Deferred Acquisition costs (DAC) as well as allocates expenses to Products and Legal Entities through complex modeling. The team calculates Unit Costs, which are used to calculate Negative Leverage, New Business Value (NBV), Embedded Value (EEV), Present Value of Future Profits (PVFP) and the pricing of new products and features. Productivity Benchmarking is provided to AXA Group in order to compare AXA US expenses by New Business, Inforce & Support functions with our sister companies in other countries. They also work very closely with the Business Analytics team for Metrics Reporting. It is a tool that enables Business Areas to see the sensitivities around how they budget and spend as we work toward achieving our 2012 Expense target. o The Operational Accounting Team is responsible for corporate expenses which include Central, AXA Financial Holding, Premium Taxes and Non-Management. Activities performed include developing the budget with input from various business areas, analyzing monthly expenses, and providing reporting to senior management. Some examples of corporate expenses include equity plans (stock options, performance units, Shareplan, etc.), fixed asset purchases and reserves for restructuring activities and special projects (e.g. in 2009 managing and tracking the costs for the 1290 re-stacking and Jersey City move costs). Additionally, the team manages and reviews capitalized expenses to determine compliance with accounting policies and manage the expense accrual process for the company. The team manages the expense close process for Financial Planning & Analysis and coordinates all monthly close activities with Controllers. The Finance, HR, and Rent Team is led by Sylvia Chin. The team provides financial analysis to Finance executive management. The team is also responsible for managing relationships with the HR EVP and her staff to identify and provide critical financial information, metrics and advice necessary to meet their business goals and needs. In addition, the team is held accountable for the development and implementation of corporate rent allocation methodology and ensures SOX compliance, including the

testing and documentation. Finally, the team facilitates the quarterly Balance Sheet Accountability process for Financial Planning & Analysis. The Strategic Shared Services Team is led by Jim Marchak and is partially based in Syracuse, NY. The Team is responsible for providing financial support to the Strategic Shared Services business unit along with IT Governance for the entire organization. The Strategic Shared Services Team has multiple responsibilities. o Business Support is provided the Strategic Shared Services business unit which includes IT, Centralized Marketing Group, Legal and FMG. The team is responsible for preparing budgets, forecasts, and analyzing expenses. They manage relationships with EVPs and their senior management team on behalf of the OCFO, and partner with EVPs and their staff to identify and provide critical financial information, metrics, and advice necessary to meet their business needs. Members of this team also undertake special projects including a project relating to IT and AXA Tech charge backs. o IT Governance is a major responsibility of the Strategic Shared Services Team. There are three primary functions: Annual Enterprise prioritization/Quarterly reprioritization of IT Discretionary projects, monthly review and validation of project business cases for approval by EMC Governance and project tracking to report on expected vs. actual results.

The Budgeting and Reporting Team is led by Irene Woo. The team is responsible for managing the budgeting and forecasting process which consists of expenses of approximately $1 billion. The team is also responsible for the administration of these processes within the Pillar System and Cognos financial reporting system. In addition, the Budgeting and Reporting Team is accountable for monthly, quarterly, and annual reporting and analysis of expense information for insurance operations as well as the reporting to Executive Management, the Board, AXA Group, and external parties. Such analysis has been critical to the companys drive to reduce overall expenses. The reporting deliverables this team produces are the OCFO Monthly Business Review reports, Quarterly Clearance package to AXA Group, magnitude schedules, quarterly expense package to PWC and expense pages for the quarterly earnings overview and board packages.

Department Contact List

# 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 First Name Andrea Jacqueline Carol Qing Cathy Victoria Sylvia Lisa Irene Christine Stephen Troy Leonard Laurence Yvonne Taeriah Neeraj Chris Irina Ioanna Fannie Sylvia Syeedah Carol Bill Lola Lori James BarbaraLynn Sue Janet Charles Roma Noel Last Name Nitzan Salazar Coughlin Chen Chen Nha Chin Park Woo Carlile Park Martin Chiang Evans Harris Kim Kumar McAndrew Elegudova Kekropidou Chu Martin Bryant Mintzer Ferguson Passaretti Digilio Choi Janosko Lacey Troutman Bonanno Balkarran Okosa New Phone Number (201) 743-7254 (201) 743-7268 (201) 743-7269 (201) 743-7247 (201) 743-7248 (201) 743-7249 (201) 743-7251 (201) 743-7252 (201) 743-7253 (201) 743-7255 (201) 743-7256 (201) 743-7260 (201) 743-7259 (201) 743-7257 (201) 743-7258 (201) 743-7262 (201) 743-7263 (201) 743-7264 (201) 743-7265 (201) 743-7266 (201) 743-7267 (201) 743-7261 (201) 743-7274 (201) 743-7276 (201) 743-7275 (201) 743-7280 (201) 743-7279 (201) 743-7278 (201) 743-5619 (201) 743-7270 (201) 743-7271 (201) 743-7272 (201) 743-7399 (201) 743-7273

Making Cents of the Insurance Industry

Annuity: A Contract that provides for a periodic benefit for the life of a person (the annuitant), the lives of two or more persons, or a specified period of time. An annuity may either begin paying benefits immediately (immediate annuity), or may provide for benefit payments to commence at a later date (deferred annuity). The period before which a deferred annuity begins to pay annuity benefits is called the accumulations phase. Most of AXA Equitables annuity contracts are deferred annuities in the accumulations phase. Adjusted Earnings: AXA term for IFRS net income before amortization of acquisition related intangible assets, impact of exceptional operations and unrealized gains or losses on invested assets and derivatives marked to market in IFRS net income. Assets Under Management: The total value of assets that an entity manages and administers for itself and its customers. For AXF, includes all assets managed by Alliance Capital and its other subsidiaries for AXF and third parties including all General Account invested assets and Separate Accounts in the consolidated balance sheet and EQ Advisors Trust, AXA Premier VIP Trust and AXA Enterprise trusts. Assumed Reinsurance: When a reinsurer accepts all or part of a specific risk from the insurer or another reinsurer. AXA Equitable continues to assume life insurance risks of other insurer/reinsurers but has discontinued the assumption of new accident, health, aviation and space risks. Broker Dealers: Entities involved in the business of trading and distributing securities, including variable life and annuities product. Such entities must register with the SEC and are highly regulated by the SEC and the NASD, including minimum capital requirements and periodic reporting of activities. Corporate Owned Life Insurance (COLI): Life insurance purchased by a company covering one or more employees. It is frequently used to finance employee benefit plan expenses. It also can be used to reimburse the company for the costs of replacing a key employee or to finance a deferred compensation or health plan. In general, the company is the applicant, owner, premium payer and beneficiary of the policy. COLI can be acquired on an individual or group basis. The insured employees do not receive any of the insurance benefits directly, nor do they pay any of the premiums. Crediting Rate: The interest rate credited on a life insurance policy or annuity contract. This crediting interest rate may be a guaranteed fixed rate, a variable rate or some combination of both. Deferred Acquisition Costs (DAC): Policy acquisition costs applicable to proprietary life insurance and annuity products (including commissions, underwriting, agency and policy issue expenses) that vary with and are primarily related to new business are deferred and amortized over the expected total life of the policies under US GAAP and IFRS. DAC on universal life products, investment-type products, and participating traditional life policies are amortized as a constant percentage based on the present value of estimated gross profits over the life of the contracts gross profit estimates are updated at the end of each accounting period. DAC on nonparticipating traditional life policies is amortized in proportion to anticipated premiums estimated at the date of policy issue these estimates are revised only if a premium deficiency situation exists. Under statutory accounting principles (SAP), such expenses are recorded as expenses in the period incurred.

Deferred Sales Commissions: Sales commissions paid to financial intermediaries in connection with the sale of shares of open end mutual funds sold without a front-end sales charge are capitalized and amortized over the periods of time during which deferred sales commissions are expected to be recovered from distribution plan payments and from contingent deferred sales charges received from shareholders of those funds upon redemption of their shares. This accounting practice is primarily applicable to Alliance Capital. Deferred Sales Charge: The redemption charge an investor pays when withdrawing money from a mutual fund investment, also referred to as a back-end load. Deferred sales charges are designed to discourage withdrawals and typically decline for each year that a shareholder remains in the fund, ultimately to zero after a specified period of time. DAC Unlocking: When future gross profit estimates used for the purpose of DAC amortization on universal life products, investment-type products, and participating traditional life policies are revised in any given period, the related impact on DAC amortization in that period is called DAC unlocking. Deposits: All payments (including premiums) and other considerations received during the year on certain types of insurance contracts, principally universal life and investment-type insurance policies. These amounts are not included in Financial Advisory/Insurance Segments revenues under US GAAP and IFRS but are included directly in policyholders account balances. Dividend to Policyholders: A refund of excess premium paid to the owner of an individual participating life insurance policy. Such a dividend is paid out of an insurers divisible surplus on the policy anniversary date. Embedded Value: A calculation intended to provide the total economic value of an insurance company (ignoring future new business) used by AXA for disclosure to analysts and in Goodwill impairment testing. Included the Adjusted Net Asset Value capital as of the valuation date (ANAV) and the Present Value of Future Profits future shareholders after tax statutory profits of the existing business (PVFP) less the Cost of capital required to maintain adequate ratings. Employee Stock Based Compensation: Compensation plans that either allow employees to purchase company stock at a discount or with a company match or involve the distribution of company stock to employees. The forms of stock compensation used by AXA Financial are based on AXA ordinary shares traded on Euronext Paris or AXA depository shares traded on NYSE and include the qualified and non-qualified stock purchase plans, stock options, restricted stock and stock appreciation rights. FAS 60, FAS 97, and FAS 120: US GAAP accounting standards that set forth the accounting requirements for insurance contracts. FAS 60 Non-participating traditional insurance products (e.g., term life policy). FAS 97 Universal life and investment type products (e.g., variable life and annuities). FAS 120 Participating traditional life products (Closed Block) General Account: All an insurers assets other than those allocated to a separate account. Under applicable insurance laws, each insurance companys general account is dedicated to the satisfaction of that companys own policy and other liabilities. For GAAP and IFRS financial statement purposes, the Financial Advisory/ Insurance Segments General Account consists of the assets held in the respective general accounts of AXA Equitable Life, MONY Life and other insurance companies and all of the invested assets in certain Separate Accounts on which the Financial Advisory/ Insurance Segment bears the investment risk through a guarantee of account value or investment results.

Guaranteed Minimum Death Benefit (GMDB): Certain variable annuity contracts contain a guaranteed minimum death benefit feature that provides that in the event of n insureds death, the beneficiary will receive the higher of the current contract account balance or another amount defined in the contract. Guaranteed Minimum Income Benefit (GMIB): Certain variable annuity contracts contain a guaranteed minimum income benefit feature which, if elected by the policyholder upon annuitization after a stipulated waiting period from contract issuance, guarantees a minimum lifetime annuity that may be in excess of what the contract account value can purchase at current annuity purchase rates. Guaranteed Minimum Withdrawal Benefits (GMWB): Certain variable annuity contracts contain a guaranteed minimum withdrawal benefit feature (Principle Protector) which, if elected, provides for recovery of the policyholders total contributions through withdrawals, even if the policyholders account value falls to zero, provided that during each contract year, the total withdrawals do not exceed the guaranteed annual withdrawal amount. IMR: The Interest Maintenance Reserve, under statutory accounting practices, applies to all types of fixed-income securities (bonds, preferred stocks, mortgage-backed securities and mortgage loans). IMR captures the net gains from changes in the overall level of interest rates that are realized upon the sale of investments and amortizes these net realized gains into income over the period to the original maturity of each investment sold. IMR has no effect on financial statements prepared in conformity with US GAAP or IFRS. Interest-sensitive Life Products: A life insurance policy or annuity contract that provides an explicit guaranteed interest rate subject to being reset by the insurer after a specified period of time. International Financial Reporting Standards (IFRS): A comprehensive set of accounting standards intended for use by companies around the world. The European Union required listed European companies, including AXA, to comply with International Financial Reporting Standards beginning in 2005. NBC: New Business Contribution disclosed to analysts and defined as a measure of the value of the present value of future profits from one year of new business using at issue or pricing economic assumptions NBV: New Business Contribution disclosed to analysts and defined NBC adjusted for the cost of capital. NBV Margin: equals NBV divided by APE disclosed to analysts and represents the expected contribution to NBV for each dollar of APE National Association of Securities Dealers (NASD): Primary private-sector regulator of securities industry that oversees and licenses individual securities representatives and broker-dealer firms. Broker dealers are subject to regulation and examination by the NASD, including capital requirements, sales practices, etc. Net Asset Value (NAV): In mutual funds, the market value of a fund share, synonymous with bid price. NAV is calculated by most funds after the close of the exchanges each day by

taking the closing market value of all securities plus all other assets such as cash, subtracting all liabilities, then dividing the result (total net assets) by the total number of shares outstanding. No Lapse Guarantee: Feature contained in variable and interest sensitive live insurance policies that keep them in force in situations where the policy value is not sufficient to cover monthly charges as due Other Equity Investments: An investment asset category comprised primarily of the General Accounts ownership of limited partnership interests and hedge funds managed by third parties. Such entities frequently invest in a selection of private and public securities, below investment grade fixed maturities and other equity securities. PVEP: Present Value of Expected Premiums disclosed by AXA to analysts as a measure of new business volume and defined by AXA as the present value at time of issue of the total premiums expected to be received over the contract life. Participating Group Annuity Contracts: These products are designed as funding vehicles for benefit plans and provide annuity guarantees and benefit payment services. AXA Equitable has these types of contracts in force, but ceased marketing them during the 1990s. Premiums: Payments and considerations received during the year on insurance policies and annuity contracts issued or reinsured (assumed less ceded) by an insurance company. Under SAP, all premiums are treated as revenues. Under US GAAP, such amounts received for universal life and investment-type contracts are treated as deposits into the policyholder liability accounts and are not accounted for as revenue in the consolidated GAAP financial statements (i.e., bank accounting model). Under IFRS, all premiums other than those received on IFRS Investment Contracts are treated as revenue. Premiums and Deposits: Funds paid by the policyholder into an insurance policy or annuity contract typically reported as a non-GAAP measure of sales by life insurance companies to analysts and investors; closer to a statutory reporting definition of premiums vs. the premiums reflected in US GAAP financial statements which requires deposit accounting to be applied for universal life and investment-type contracts. Purchase Accounting: Pursuant to SFAS 141 (Business Combinations) and SFAS 142 (Goodwill and Other Intangible Assets), upon an acquisition, the acquired companys assets acquired and liabilities assumed are recorded at the estimated fair value at the date of acquisition. The excess of the purchase price over the value of assets acquired and liabilities assumed is recorded as goodwill. RBC (Risk-Based Capital): Since 1993, the New York Insurance Law has imposed RBC requirements on life insurers for statutory solvency measurement purposes. The RBC requirements provide a method to measure the adjusted capital (statutory capital and surplus plus AVR and other adjustments) that a life insurance company should have for regulatory purposes, taking into account the risk characteristics of the companys investment and products. The New York Insurance Law gives the Insurance Superintendent explicit regulatory authority to require various actions by, or take various actions against, insurance companies whose adjusted capital does not meet the minimum acceptable level. Reinsurance: The acceptance by one or more insurers (reinsurers) of all or a portion of the risk underwritten by another insurer who has directly written the coverage (the ceding insurer). However, the legal rights of the insured generally are not affected by the reinsurance. Except in

the case of assumption reinsurance, the insurance enterprise issuing the insurance contract remains liable to the insured for payment of the policy benefits. Forms of reinsurance vary, and include ye0arly renewable term, coinsurance, and modified coinsurance. Retrocessionaire: A reinsurer that assumes reinsurance from another reinsurer Separate Accounts: Separate-Accounts are established under the insurance law as a vehicle to allow the economics of a specific pool of assets to be passed through to policyholders under non-guaranteed insurance products. The investments in each segregated Separate Account are maintained separately from those in other Separate Accounts and the General Account. The income, gains, and losses associated with the Separate Account assets (other than in the case of certain Separate Accounts on which the Financial Advisory/Insurance Segment bears the investment risk) are credited directly to the Separate Account policyholders; an insurer derives management and other fees from, but bears no investment risk on, these assets. Please not that certain variable life and annuity products offer guarantee features that may be higher than what accumulated policyholder Separate Account balances could support. Statutory Accounting Practices (SAP): These are accounting standards codified by the National Association of Insurance Commissioners (NAIC), which are subject to local state regulation. These accounting practices are frequently referred to as being prescribed or permitted by an insurers domiciliary state insurance regulator for purposes of financial reporting to regulators. In general, SAP is a solvency based rule set. Statutory Admitted Assets: Assets of an insurance company that conform to the requirements of the insurance law and are thereby permitted to be included in measuring an insurers statutory surplus. Other assets, consisting principally of amounts due from insurance agents, prepaid expenses, and furniture and equipment are generally non-admitted for statutory accounting purposes. Statutory Capital: The aggregate of an issuers statutory capital, surplus and AVR. Surplus Notes: Debt issued by an insurance company, whose interest and principal repayments may only be made upon the approval of the insurance regulator, and which is reported under statutory accounting as a component of surplus but as a liability under GAAP. Surrenders and Withdrawals: Surrenders of life insurance policies and annuity contracts for their entire net cash surrender values and withdrawals of a portion of such values. Tax Qualified Products: Annuity contracts used to fund tax-favored retirement programs such as individual retirement annuities (IRA), 401(k) plans or 403(b) tax sheltered annuities. Term Life Insurance: A life insurance policy which provides a stated benefit upon death for a specified period of time, often at guaranteed rates. Such policies do not provide any returns beyond the stated benefit and do not build up cash value; premiums for such policies typically increase as the insured gets older. Traditional Participating Insurance Products: Insurance policies that are eligible for payment of dividends by the insurer. For AXA Equitable and MONY Life, substantially all dividend paying policies are whole life policies in the Closed Blocks of these companies, although there are some health and annuity policies eligible for dividends or dividend equivalent participations under the Plans of Reorganization related to their demutualizations.

Traditional Non-Participating Insurance Products: Insurance policies not eligible for dividends but which may be credited interest on account balances or other bases. U.S. GAAP: United States generally accepted accounting principles codified by the FASB with oversight and ultimate accounting/reporting regulated by the SEC. In general, US GAAP attempts to match revenues with expenses, but there is a clear new direction to market value accounting. Universal Life Insurance: Permanent life insurance under with (1) premiums are generally flexible and not guaranteed, (2) the level of death benefits may be adjusted and (3) expenses and other charges are specifically disclosed to a purchaser. This policy is sometimes referred to as unbundled life insurance because its three basic elements (investment earnings, cost of production and expense charges) are separately identified both in the policy and in an annual report to the policyholder. Underlying Earnings: AXA term to indicate IFRS operating earnings (i.e., Adjusted Earnings before capital gains (losses) where Adjusted Earnings is defined as IFRS net income before amortization of acquisition related intangible assets, impact of exceptional operations and unrealized gains or losses on invested assets and derivatives marked to market in IFRS net income). Value of Business Acquired (VOBA): The present value of in force insurance business acquired as part of an insurance company acquisition is valued by estimating the present value of future profits embedded in the contracts and recorded as an intangible asset. VOBA replaces DAC on the books of the acquired company and is accounted for in a manner similar to DAC. Variable Interest Entities: A new term defined by the FASB within FIN No. 46 as a business structure that either (i) does not have equity investors with voting rights or (ii) has equity investors that do not provide sufficient financial resources to support its activities. Under FIN no. 46, the party with a majority of the economic risks or awards associated with a VIEs activities is the primary beneficiary and therefore is required to consolidate the VIE. Variable Life Insurance: Life insurance under which the benefit payable upon death or surrender vary to reflect the investment experience of a Separate Account supporting such policies; variable life insurance policies typically include a General Account guaranteed interest investment option. Whole Life Insurance: Life insurance that remains in force during the insureds entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance also builds a savings element, called cash value, as a result of the level premium approach to funding the death benefit.

AXA Financial Legal Entity Descriptions

AllianceBernstein L.P. AllianceBernstein is a privately held limited partnership which provides investment management and related services globally and is also one of the largest mutual fund sponsors. AllianceBerstein Holding L.P. is a publicly traded limited partnership and owns approximately 32.7% of the AllianceBernstein Units. AXA Financial is the beneficial owner either in units held directly or through its subsidiaries of approximately 60.2% of the outstanding AllianceBernstein Units, which, including the general partnership interests in AllianceBernstein and AllianceBernstein Holding, represent an approximate 60.6% economic interest in AllianceBernstein. Both AllianceBernstein and AllianceBernstein Holding file 10-Qs and 10Ks with the SEC. AXA Advisors, LLS a registered broker dealer that provides mutual funds, wrap products and other brokerage products and services through AXAs nationwide network of retail financial professionals. Additionally, AXA Advisors is the broker dealer through which AXA Equitable and MONY Life distribute variable life and annuity products on a retail basis. Monthly Focus financial filings and audited annual financial statements are filed with the NASD. AXA Distributors, LLC a broker dealer that distributes AXA Equitable and MONY Life products through wholesale distribution channels, including major national securities firms, banks and similar institutions, broker dealers, financial planners and brokerage general agencies (BGA). Quarterly Focus financial filings and audited annual financial statements are filed with the NASD. AXA Equitable Life Insurance Company A New York Life insurance company offering life and annuity products in all 50 states. Also owns 100% of AXA Distributors, a broker dealer that distributes insurance products on a wholesale basis and approximately 46% of Alliance Capital. Pursuant to insurance law requirements, quarterly and annual statutory financial statements are field. Pursuant to federal securities law requirements, 10Qs and 10Ks are filed with the SEC due to its selling Market Value Adjusted annuity products which are deemed to be securities. AXA Financial (Bermuda) Ltd. a reinsurance company wholly owned directly by AXA Financial which reinsures certain insurance policies with large statutory capital strains from AXA Equitable and USFL. The operations of this entity are excluded from the AXA Equitable and USFL insurance entity financial statements. AXA Bermuda is consolidated in the AXA Financial consolidated US GAAP financial statements and inter-company transactions are disclosed in the AXA Equitable and USFL insurance entity statutory and US GAAP financial statements. AXA Financial, Inc. 100% owned financial services holding company of the AXA Group that directly or indirectly owns (a) 100% of its financial advisory and insurance operations, including AXA Equitable Life Insurance Company, MONY Life Insurance Company, AXA Advisors and AXA Network, and (b) 61% of Alliance Capital. Pursuant to SEC regulations, AXA Financial files SEC form 10Qs and 10Ks due to its having public debt outstanding. AXA Financial Services LLC Intermediate holding company for AXA Equitables insurance manufacturing and distribution operations. AXA Life & Annuity Company a Colorado insurance company manufacturing niche life insurance products for sale in all states, except New York. Pursuant to insurance law requirements, quarterly and annual statutory financial statements are filed.

AXA Network, LLC an insurance general agency that licenses, under various state insurance laws, AXAs nationwide network of retail financial planners and is a brokerage operation that sources non-proprietary life, annuity and health insurance products for sale by the AXA retail financial planners. No regulatory statements filed. Enterprise Capital Management, Inc. a broker dealer and registered investment advisory firm that functions for the Enterprise Group of Funds, a series of retail mutual funds. Quarterly Focus financial filings and audited annual financial statements are filed with the NASD. MONY Holdings, LLC an intermediate holding company for MONY insurance operations. No operating activities. MONY Life Insurance Company A New York life insurance company offering life and annuity products in all 50 states. MONY Life owns 100% of MONY Life of America, U.S. Financial Life and MONY Life Insurance Company of the Americas. Pursuant to insurance law requirements, quarterly and annual statutory financial statements are filed. Pursuant to federal securities law requirements, annual GAAP financial statements are filed with the SEC due to its in force book of registered variable life and annuity products. MONY Life Insurance Company of America (MLOA) An Arizona life insurance company offering life and annuity products in all states, excluding New York. Pursuant to insurance law requirements, quarterly and annual statutory financial statements are filed. Pursuant to federal securities law requirements, 10Qs and 10Ks are filed with the SEC due to its Market Value Adjusted annuity products. MONY Life Insurance Company of the Americas, Ltd. (MLICA) An insurance company based in and domiciled in the Cayman Islands that has sold life insurance products throughout Central and South America. Sales were discontinued in 2004. Annual audited financial statements are filed with the Caymans Islands Monetary Authority. US Financial Life Insurance Company (USFL) An Ohio life insurance company specializing in underwriting life insurance policies for individuals considering special medical risks using a proprietary Clinical Underwriting risk evaluation process. Pursuant to insurance law requirements, quarterly and annual financial statutory statements are filed.

Holiday Schedule 2012

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