Since taking over as AXA's CEO in 2016, Thomas Buberl has shifted the insurer's focus to its underwriting business while reducing the exposure of its reinsurance unit to natural disasters. That's allowed the firm to carry out several buyback programs totaling about €3.2 billion over the past two years, and to update its profitability outlook. (Credit: Martin Divisek/Bloomberg)
(Bloomberg) — AXA SA unveiled plans to repurchase as much as €1.1 billion ($1.2 billion) of its shares as the insurer announced 2022 underlying earnings that rose and said it expects to surpass one of its key financial targets by the end of the year.
The Paris-based firm intends to carry out this new buyback program "as soon as reasonably practicable," with plans to complete the purchases by the end of the year, according to a statement Thursday. AXA will also pay a dividend of €1.70 a share, up 10% from a year earlier.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
