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) 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.

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