<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>e7468_ex99-2.txt
<DESCRIPTION>RECONCILIATION
<TEXT>
                                                                    Exhibit 99.2

                               AXA FINANCIAL, INC.
    RECONCILIATION OF AXA US LIFE & SAVINGS CONTRIBUTION TO AXA IFRS REVENUES
          WITH CONSOLIDATED AXA FINANCIAL, INC. PREMIUMS UNDER US GAAP
                                  (in millions)

<TABLE>
<CAPTION>

                                                                                         -----      -----
                                                                                         1H'04      1H'05
                                                                                         -----      -----
<S>                                                                                       <C>        <C>

CONTRIBUTION TO AXA IFRS REVENUES PER AXA PRESS RELEASE           IN EURO

          Gross Premiums                                                                  5,966      6,178
          Other Revenues (A)                                                                217        445
                                                                                          -----      -----
TOTAL CONTRIBUTION TO IFRS REVENUES                                                       6,183      6,623

                                      Average exchange rate      US$1.00 =                0.815      0.778

                                                                    IN US$                7,586      8,513

Reconciling Items:

Less:     Other Revenues (A)                                                               (267)      (573)
Less:     Deposits from Universal life and investment-type product
            policy fee income (B)                                                        (6,735)    (6,920)
Less:     Reinsurance ceded premiums  (C)                                                  (122)      (213)
                                                                                          -----      -----
              Total Reconciling items                                                    (7,124)    (7,706)
                                                                                          -----      -----

CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS                                           462        807
                                                                                          -----      -----
</TABLE>

(A)  Represents fees received from servicing and advisory business and fees on
     the sales of Mutual Funds reported within Commissions, Fees & Other Income
     in the US GAAP Statement of Earnings

(B)  Reflected as an increase to Policyholder Account Balances in the US GAAP
     Balance Sheet

(C)  Reflected as a reduction to Premiums in the US GAAP Statement of Earnings
</TEXT>
</DOCUMENT>