Axa Chief Executive Officer Thomas Buberl said the insurer will prioritize efficiency and shareholder returns over acquisitions after raising its profitability and growth targets for the next three years. Speaking to Bloomberg Television, Buberl described the new plan as a continuation of the current one, under which all countries and all lines of business are now performing extremely well. He said the next phase centers on organic growth and leveraging that position to gain additional market share, while bolt-on deals will still be considered under the company's long-standing policy. Asked about risks to the outlook, including France's presidential election next year, Buberl said the insurance sector is driven by structural factors such as population growth, rising risk, longer longevity and questions around retirement and health. He added that short-term political uncertainty never does any good for business, but that nobody in France will change their medical or household insurance because of it.
AXA SAAXA raised profitability and growth targets and will prioritize organic growth and shareholder returns over acquisitions
Yulon Finance Corp