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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 Diekmann’s 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 market’s recovery by expanding its business there. -- A.K. Subscribe to Fortune Magazine Is Allianz a great company, or what?
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| 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 |
