Our annual ranking of the world's largest corporations

25 of 500
25. AXA
Financials: Latest Results
Rank: 25 (Previous rank: 14)
CEO: Henri de Castries
Employees: 96,999
Address: 25 Ave. Matignon
Paris, 75008
Country: France
Website: www.axa.com

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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  $ millions % change from 2010
Revenues 142,711.8 -12.0
Profits 6,012.3 65.1
Assets 947,869.2 --
Stockholders' equity 63,048.0 --
Profits as % of  
Revenues 4.2
Assets 0.6343
From the July 23, 2012 issue
Figures prepared in accordance with International Accounting Standards.
Includes revenues from discontinued operations.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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