AXA makes it to the Fortune 500’s list again this year ranking in 15th place overall, and is third among financial services companies, ING (11th) and Citigroup (12th). In the Fortune’s Europe’s Top 50 AXA comes in at 5th place among European companies and in second place among French companies behind Total.
Every year, the US magazine Fortune ranks the top 500 global corporations in terms of revenue, earnings, assets, shareholders’ equity and total workforce. Fortune magazine compiles and publishes the list annually. All numbers are based on revenue figures for each company's previous fiscal year, which may end on different dates for each company.
Here is a list of Fortune 500’s top ten:
Exxon Mobil – Energy – The United States
Wal-Mart Stores – Mass retail – The United States
Royal Dutch Shell – Energy– The Netherlands
BP – Natural Gas and Oil – The United Kingdom
General Motors – Automobile – The United States
Chevron – Energy – The United States
Daimler Chrysler – Automobile – Germany
Toyota Motor – Automobile – Japan
Ford Motor – Automobile – The United States
Conocophillips – Energy – The United States
AXA should strengthen it’s position for next year with the recent acquisition of Credit Suisse’s Winterthur for 7.9 billion Euros further strengthening its main European business. The company also posted strong first half-year results with its net income up 20% to Euro 2.7 billion.
About AXA in the Gulf
AXA in the GCC, with a workforce of over 350 employees, 11 offices region-wide, a substantial customer base and a premium income of over US$170 million, is a major international insurer in the Middle East offering a wide range of insurance products and services for corporate and individual customers.
About the AXA Group
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA had Euro 1,064 billion in assets under management as of December 31, 2005. For full year 2005, IFRS revenues amounted to Euro 72 billion and IFRS underlying earnings amounted to Euro 3,258 million. The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.
