20 of 500
20. Allianz
Financials: Latest Results
Rank: 20 (Previous rank: 20)
CEO: Michael Diekmann
Employees: 153,203
Address: Königinstrasse 28
Munich  80802
Country: Germany
Website: www.allianz.com
The German financial services giant swung to a 2009 profit from a year-ago loss, and its stock jumped 16% (which was still not enough to fully offset its 49% plunge in 2008). Allianz rode a strong performance in its life insurance and asset management units, but struggled within the competitive property and casualty insurance sector, according to CEO Michael Diekmannís letter to shareholders.

Though Allianz shrank its workforce by 16% in the past year, the bulk of the cuts came when the company unloaded its Dresdner Bank unit in 2008. In 2010, Allianz hopes to catch the wave of the Asian marketís recovery by expanding its business there.

-- A.K.

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  $ millions % change from 2008
Revenues 125,999.0 -11.5
Profits 5,972.6 N.A.
Assets 838,046.2 --
Stockholders' equity 57,634.2 --
Profits as % of  
Revenues 4.7
Assets 0.7
From the July 26, 2010 issue
Figures prepared in accordance with International Accounting Standards.
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Rank # of Global 500 Companies
U.S. 139
Japan 71
China 46
Company 2009 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,649,992
State Grid 1,533,800
Company 2009 Profits
($ millions)
Gazprom $24,556
Exxon Mobil $19,280
Industrial & Commercial Bank of China $18,832
FAQ and methodology
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