Rank: 25 (Previous rank: 14)
CEO: Henri de Castries
Address: 25 Ave. Matignon
Europeís second-largest insurer is betting on Asia to drive growth. At the height of the financial crisis, CEO Henri de Castries was forced to drop the firmís 2012 earnings goasl. And in 2011, the financial climate proved tough amid Europeís ongoing debt crisis. The firm posted an 82% drop to $423 million second half of the year, hurt by write-downs on Greek sovereign debt and lower sales in life insurance.
De Castries in June set a 2015 target to reach annual operating profits of more than 6 billion euros compared with 3.88 billion euros in 2010. Meanwhile, it has scaled back in Canada and the U.K., as the firm aims for 10% annual growth in operating earnings per share through 2015. -- N.H.T.
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|Company||2011 Number of Employees|
|China National Petroleum||1,668,072|