Global 500 rank: 15 (Previous rank: 15)
2006 Revenues (millions): $139,738
Headquarters: Paris
Country: France
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Thanks to a year of good weather and untroubled markets, the global French insurance giant posted record profits of $6.4 billion, up 23% from last year. While most of its business (ranging from life to car insurance) is in the U.S. and France, the company been expanding into new markets. AXA acquired Credit Suisse's insurance business for $10 billion in 2006, boosting its presence in Eastern Europe and Asia. It also entered the Indian market for the first time last year through a joint insurance venture with local conglomerate Bharti Enterprises.
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15. AXA
|  Old-economy outfits top Fortune's annual Global 500 list, thanks to rising oil prices and a slew of mergers that drove record profits. (more)  Exxon Mobil leads our list of top earners this year. Which other companies are among the most profitable on the planet? (more)  Which automaker lost a whopping $12.6 billion last year? And just how far into the red are stalwarts like Goodyear and Tyson Foods? (more) |
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