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Thursday, August 2, 2012

axa insurance ranking on fortune 500 magazine july 2012

axa insurance ranking on fortune 500 magazine july 2012 : Europe’s 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 firm’s 2012 earnings goasl. And in 2011, the financial climate proved tough amid Europe’s 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

Top Companies rank
Rank: 25 (Previous rank: 14)
CEO: Henri de Castries
Employees: 96,999
Address: 25 Ave. Matignon
Paris, 75008
Country: France
Website: www.axa.com

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