Axa to Focus on Organic Growth, CEO Buberl Says

Axa Chief Executive Officer Thomas Buberl stated the insurer will prioritize efficiency and shareholder returns over acquisitions following a raise in its profitability and growth targets for the next three years. Buberl told Bloomberg Television that the company will consider bolt-on acquisitions but intends to focus on organic growth. Axa raised its targets as part of a strategic shift in capital allocation.

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