Fortune magazine recently released its 62nd annual Fortune 1000 list, which ranks U.S. companies by revenues and has long been consider a benchmark for business success. Over 30 property and casualty-related companies made the cut this year.
In total, the 2016 Fortune 500 companies (the more commonly referenced subset of companies) represent two-thirds of the U.S. gross domestic product with $12 trillion in revenues, $840 billion in profits, $17 trillion in market value, and 27.9 million people employed worldwide.
Among the companies that fell off the Fortune 1000 list this year? Chubb. Now the largest casualty insurer in the United States, Chubb is no longer incorporated in the United States, and therefore, not eligible for the list. Chubb was acquired this past year by Zurich-based ACE, another insurance provider, in the largest insurance merger and acquisition deal to date.
Not surprisingly, retail giant Wal-Mart Inc. holds the list's overall top spot, followed by gas and oil giant Exxon Mobil Corp., then technology giant Apple Inc. Can you guess the property and casualty-related company that holds the overall No. 4 spot?
Continue reading to find out the 32 P&C-related companies on the 2016 list (last year's ranking in the Fortune 1000, if applicable, is noted in parentheses after the P&C company name):
Profit: Loss of $6 million.
Assets: $1,322 million.
CEO: Matthew W. Morris.
Headquarters: Houston.
Employees: 6,900.
Years on Fortune 500 list: 0.
(Image: Selecitive Insurance Group 2015 Annual Report)
|936. Selective Insurance Group (998)
Revenue: $2,132 million.
Profit: $166 million.
Assets: $6,904 million.
CEO: Gregory E. Murphy.
Headquarters: Branchville, New Jersey.
Employees: 2,200.
Years on Fortune 500 list: 0.
(Photo: Amica Mutual Insurance 2015 Annual Report screenshot)
|910. Amica Mutual Insurance (983)
Revenue: $2,231 million.
Profit: $63 million.
Assets: $5,898 million.
CEO: Robert A. DiMuccio.
Headquarters: Lincoln, Rhode Island.
Employees: 3,512.
Years on Fortune 500 list: 0.
Profit: $86 million.
Assets: $8,036 million.
CEO: Joseph P. Lacher Jr.
Headquarters: Chicago.
Employees: 5,600.
Years on Fortune 500 list: 0.
(Image: National General Holdings 2015 Annual Report)
|838. National General Holdings
Revenue: $2,511 million.
Profit: $142 million.
Assets: $5,563 million.
CEO: Barry Karfunkel.
Headquarters: New York City.
Employees: 4,630.
Years on Fortune 500 list: 0.
Profit: $284 million.
Assets: $14,731 million.
CEO: Peter G. McPartland.
Headquarters: Stevens Point, Wisconsin.
Employees: 4,169.
Years on Fortune 500 list: 0.
Profit: $75 million.
Assets: $4,629 million.
CEO: Gabriel Tirador.
Headquarters: Los Angeles.
Employees: 4,300.
Years on Fortune 500 list: 0.
Profit: $173 million.
Assets: $15,030 million.
CEO: Kurt F. Bock.
Headquarters: Bloomington, Illinois.
Employees: 3,343.
Years on Fortune 500 list: 0.
Profit: $738 million.
Assets: $18,905 million.
CEO: Thomas A. Lawson.
Headquarters: Johnston, Rhode Island.
Employees: 5,483.
Years on Fortune 500 list: 0.
Profit: $504 million.
Assets: $17,112 million.
CEO: Barry D. Zyskind.
Headquarters: New York City.
Employees: 6,200.
Years on Fortune 500 list: 0.
Profit: $560 million.
Assets: $22,846 million.
CEO: Weston M. Hicks.
Headquarters: New York City.
Employees: 3,135.
Years on Fortune 500 list: 0.
Profit: $332 million.
Assets: $13,791 million.
CEO: Frederick H. Eppinger.
Headquarters: Worcester, Massachusetts.
Employees: 4,800.
Years on Fortune 500 list: 0.
Profit: $634 million.
Assets: $18,888 million.
CEO: Steven J. Johnston.
Headquarters: Fairfield, Ohio.
Employees: 4,493.
Years on Fortune 500 list: 2.
Profit: $583 million.
Assets: $24,941 million.
CEOs: Thomas S. Gayner, Richard R. Whitt III.
Headquarters: Glen Allen, Virginia.
Employees: 10,600.
Years on Fortune 500 list: 1.
(Image: Old Republic International 2015 Annual Review)
|442. Old Republic International (472)
Revenue: $5,766 million.
Profit: $422 million.
Assets: $17,111 million.
CEO: Aldo C. Zucaro.
Headquarters: Chicago.
Employees: 8,200.
Years on Fortune 500 list: 5.
421. American Financial Group (459)
The holding company’s subsidiaries specialize in property and casualty insurance, particularly niche products for businesses in the U.S.
Revenue: $6,145 million.
Profit: $352 million.
Assets: $49,859 million.
CEOs: Carl H. Lindener III, S. Craig Linder.
Headquarters: Cincinnati, Ohio.
Employees: 7,400.
Years on Fortune 500 list: 17.
Profit: $175 million.
Assets: $18,272 million.
CEO: Terrence W. Cavanaugh.
Headquarters: Erie, Pennsylvania.
Employees: 4,800.
Years on Fortune 500 list: 13.
Profit: $815 million.
Assets: $20,108 million.
CEO: Jeffrey F. Harrold.
Headquarters: Lansing, Michigan.
Employees: 4,483.
Years on Fortune 500 list: 14.
Profit: $504 million.
Assets: $21,731 million.
CEO: W. Robert Berkley Jr.
Headquarters: Greenwich, Connecticut.
Employees: 7,621.
Years on Fortune 500 list: 13.
Profit: $694 million.
Assets: $21,461 million.
CEO: Jack C. Salzwedel.
Headquarters: Madison, Wisconsin.
Employees: 9,843.
Years on Fortune 500 list: 20.
Profit: $142 million.
Assets: $30,043 million.
CEO: Alan B. Colberg.
Headquarters: New York City.
Employees: 14,861.
Years on Fortune 500 list: 12.
Profits: Loss of $114 million.
Assets: $15,567 million.
CEO: Jeffrey J. Dailey.
Headquarters: Woodland Hills, California.
Employees: 13,184.
Years on Fortune 500 list: 2.
Profit: $1,682 million.
Assets: $228,348 million.
CEO: Christopher J. Swift.
Headquarters: Hartford, Connecticut.
Employees: 17,400.
Years on Fortune 500 list: 21.
Profit: $1,268 million.
Assets: $29,819 million.
CEO: Glenn M. Renwick.
Headquarters: Mayfield Village, Ohio.
Employees: 28,580.
Years on Fortune 500 list: 22.
Profits: $2,272 million.
Assets: $137,077 million.
CEO: Stuart Parker.
Headquarters: San Antonio, Texas.
Employees: 28,681.
Years on Fortune 500 list: 22.
Profits: $3,493 million.
Assets: $100,184 million.
CEO: Alan D. Schnitzer.
Headquarters: New York City.
Employees: 30,900.
Years on Fortune 500 list: 22.
Profit: $2,171 million.
Assets: $104,656 million.
CEO: Thomas J. Wilson.
Headquarters: Northbrook, Illinois.
Employees: 41,350.
Years on Fortune 500 list: 21.
Profit: $514 million.
Assets: 121,707 million.
CEO: David H. Long.
Headquarters: Boston.
Employees: 50,000.
Years on Fortune 500 list: 22.
Profit: $581 million.
Assets: $185,306 million.
CEO: Stephen S. Rasmussen.
Headquarters: Columbus, Ohio.
Employees: 34,032.
Years on Fortune 500 list: 22.
Profit: $2,196 million.
Assets: $496,943 million.
CEO: Peter D. Hancock.
Headquarters: New York City.
Employees: 66,400.
Years on Fortune 500 list: 22.
Profit: $6,229 million.
Assets: $241,183 million.
CEO: Michael L. Tipsord.
Headquarters: Bloomington, Illinois.
Employees: 70,425.
Years on Fortune 500 list: 22.
Profit: $24,083 million.
Assets: $552,257 million.
CEO: Warren E. Buffett.
Headquarters: Omaha, Nebraska.
Employees: 331,000.
Years on Fortune 500 list: 22.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
