Global 500 rank: 19 (Previous rank: 16)
2006 Revenues (millions): $125,346
Headquarters: Munich
Country: Germany
Get quote: AZ
Like France's AXA, Germany's insurance leader posted record profits thanks to a year of few disasters and placid markets. Last year's income of $8.8 billion was an all-time record for the company. Last year, Allianz became the first large company to re-incorporate as a "Societas Europaea," meaning it is now by nationality an EU—not German—company. It has been using its extra cash to buy out partners in France and other countries.
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19. Allianz
|  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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