14 of 500
14. AXA
Rank: 14 (Previous rank: 9)
CEO: Henri de Castries
Employees: 102,957
Address: 25 Ave. Matignon
Paris  75008
Country: France
Website: www.axa.com

The French insurance company wants to focus on growth outside of the European market. The company plans to increase earnings in emerging markets by 250% by 2015. Specifically, AXA wants to grow its presence in Asia, Latin America and the Mediterranean region.

The strategy is costing AXA in the short term -- net income decreased by 26% to roughly $4 billion, largely due to the sale of its UK Life operations. Aside from that sale, however, net income at AXA increased by about $6.3 billion in 2010. --S.D.

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  $ millions % change from 2009
Revenues 162,235.9 -7.4
Profits 3,640.9 -27.4
Assets 981,658.6 --
Stockholders' equity 66,679.8 --
Profits as % of  
Revenues 2
Assets 0.4
From the July 25, 2011 issue
Figures prepared in accordance with International Accounting Standards.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
FAQ and methodology
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