Fortune magazine recently released its 62ndannual Fortune 1000list, which ranks U.S. companies by revenues and has long beenconsider a benchmark for business success. Over 30 property andcasualty-related companies made the cut this year.
|In total, the 2016 Fortune 500 companies (the more commonlyreferenced subset of companies) represent two-thirds of the U.S.gross domestic product with $12 trillion in revenues, $840 billionin profits, $17 trillion in market value, and 27.9 million peopleemployed worldwide.
|Among the companies that fell off the Fortune 1000 list thisyear? Chubb. Now the largest casualty insurer in the UnitedStates, Chubb is no longer incorporated in the United States, andtherefore, not eligible for the list. Chubb was acquired this past year by Zurich-basedACE, another insurance provider, in the largest insurancemerger and acquisition deal to date.
|Related: A look at 2015 P&C insurance industry results,in charts
|Not surprisingly, retail giant Wal-Mart Inc. holds the list's overall top spot,followed by gas and oil giant Exxon Mobil Corp., then technologygiant Apple Inc. Can you guess the property and casualty-relatedcompany that holds the overall No. 4 spot?
|Continue reading to find out the 32 P&C-related companies onthe 2016 list (last year's ranking in the Fortune 1000, ifapplicable, is noted in parentheses after the P&C companyname):
|||(Image: Stewart.com)
|959. StewartInformation Services
Revenue: $2,034 million.
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 AnnualReport)
|936. Selective InsuranceGroup (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 Reportscreenshot)
|910. Amica MutualInsurance (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.
|||(Image: Kemper.com)
|878. Kemper (950)
Revenue: $2,341 million.
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 AnnualReport)
|838. National GeneralHoldings
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.
||755. Sentry Insurance Group (799)
Revenue: $2,883 million.
Profit: $284 million.
|Assets: $14,731 million.
|CEO: Peter G. McPartland.
|Headquarters: Stevens Point, Wisconsin.
|Employees: 4,169.
|Years on Fortune 500 list: 0.
|||(Image: MercuryInsurance.com)
|728. MercuryGeneral (752)
Revenue: $3,009 million.
Profit: $75 million.
|Assets: $4,629 million.
|CEO: Gabriel Tirador.
|Headquarters: Los Angeles.
|Employees: 4,300.
|Years on Fortune 500 list: 0.
|||(Image: Courtesy of Country Financial)
|646. CountryFinancial (681)
Revenue: $3,506 million.
Profit: $173 million.
|Assets: $15,030 million.
|CEO: Kurt F. Bock.
|Headquarters: Bloomington, Illinois.
|Employees: 3,343.
|Years on Fortune 500 list: 0.
|||561. FM Global (576)
Revenue: $4,343 million.
Profit: $738 million.
|Assets: $18,905 million.
|CEO: Thomas A. Lawson.
|Headquarters: Johnston, Rhode Island.
|Employees: 5,483.
|Years on Fortune 500 list: 0.
||531. AmTrust FinancialServices (615)
Revenue: $4,664 million.
Profit: $504 million.
|Assets: $17,112 million.
|CEO: Barry D. Zyskind.
|Headquarters: New York City.
|Employees: 6,200.
|Years on Fortune 500 list: 0.
|||509. Alleghany (499)
Revenue: $5,000 million.
Profit: $560 million.
|Assets: $22,846 million.
|CEO: Weston M. Hicks.
|Headquarters: New York City.
|Employees: 3,135.
|Years on Fortune 500 list: 0.
|||506. Hanover InsuranceGroup (511)
Revenue: $5,034 million.
Profit: $332 million.
|Assets: $13,791 million.
|CEO: Frederick H. Eppinger.
|Headquarters: Worcester, Massachusetts.
|Employees: 4,800.
|Years on Fortune 500 list: 0.
|||499. Cincinnati Financial(525)
Revenue: $5,142 million.
Profit: $634 million.
|Assets: $18,888 million.
|CEO: Steven J. Johnston.
|Headquarters: Fairfield, Ohio.
|Employees: 4,493.
|Years on Fortune 500 list: 2.
|||476. Markel (504)
Revenue: $5,370 million.
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 AnnualReview)
|442. Old RepublicInternational (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 andcasualty insurance, particularly niche products for businesses inthe 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.
|||411. Erie InsuranceGroup (436)
Revenue: $6,351 million.
Profit: $175 million.
|Assets: $18,272 million.
|CEO: Terrence W. Cavanaugh.
|Headquarters: Erie, Pennsylvania.
|Employees: 4,800.
|Years on Fortune 500 list: 13.
||398. Auto-OwnersInsurance (425)
Revenue: $6,517 million.
Profit: $815 million.
|Assets: $20,108 million.
|CEO: Jeffrey F. Harrold.
|Headquarters: Lansing, Michigan.
|Employees: 4,483.
|Years on Fortune 500 list: 14.
||(Image: WRBerkley.com)
|368. W.R. Berkley(385)
Revenue: $7,207 million.
Profit: $504 million.
|Assets: $21,731 million.
|CEO: W. Robert Berkley Jr.
|Headquarters: Greenwich, Connecticut.
|Employees: 7,621.
|Years on Fortune 500 list: 13.
|||332. American Family InsuranceGroup (358)
Revenue: $8,286 million.
Profit: $694 million.
|Assets: $21,461 million.
|CEO: Jack C. Salzwedel.
|Headquarters: Madison, Wisconsin.
|Employees: 9,843.
|Years on Fortune 500 list: 20.
||(Image: Assurant.com)
|275. Assurant (285)
Revenue: $10,326 million.
Profit: $142 million.
|Assets: $30,043 million.
|CEO: Alan B. Colberg.
|Headquarters: New York City.
|Employees: 14,861.
|Years on Fortune 500 list: 12.
||(Photo: Shutterstock)
|227. Farmers InsuranceExchange (264)
Revenue: $12,626 million.
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.
||(Photo: Shutterstock)
|152. Hartford Financial Services Group (160)
Revenue: $18,377 million.
Profit: $1,682 million.
|Assets: $228,348 million.
|CEO: Christopher J. Swift.
|Headquarters: Hartford, Connecticut.
|Employees: 17,400.
|Years on Fortune 500 list: 21.
||(Photo: iStock)
|137. Progressive (153)
Revenue: $20,854 million.
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.
|||114. USAA (122)
Revenue: $24,361 million.
Profits: $2,272 million.
|Assets: $137,077 million.
|CEO: Stuart Parker.
|Headquarters: San Antonio, Texas.
|Employees: 28,681.
|Years on Fortune 500 list: 22.
|||(Photo: Jim Mone/AP Photo)
|105. Travelers Cos. (112)
Revenue: $26,800 million.
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.
||(Photo: Nati Harnik/AP Photo)
|81. Allstate (89)
Revenue: $35,653 million.
Profit: $2,171 million.
|Assets: $104,656 million.
|CEO: Thomas J. Wilson.
|Headquarters: Northbrook, Illinois.
|Employees: 41,350.
|Years on Fortune 500 list: 21.
||73. Liberty MutualInsurance Group (78)
Revenue: $39,450 million.
Profit: $514 million.
|Assets: 121,707 million.
|CEO: David H. Long.
|Headquarters: Boston.
|Employees: 50,000.
|Years on Fortune 500 list: 22.
|||(Photo: iStock)
|69. Nationwide(85)
Revenue: $40,222 million.
Profit: $581 million.
|Assets: $185,306 million.
|CEO: Stephen S. Rasmussen.
|Headquarters: Columbus, Ohio.
|Employees: 34,032.
|Years on Fortune 500 list: 22.
|||(AP Photo)
|49. American International Group (46)
Revenue: $58,327 million.
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.
|||(Photo: iStock)
|35. State Farm Insurance Cos. (41)
Revenue: $75,697 million.
Profit: $6,229 million.
|Assets: $241,183 million.
|CEO: Michael L. Tipsord.
|Headquarters: Bloomington, Illinois.
|Employees: 70,425.
|Years on Fortune 500 list: 22.
|||4. BerkshireHathaway (4)
Revenue: $210,821 million.
Profit: $24,083 million.
|Assets: $552,257 million.
|CEO: Warren E. Buffett.
|Headquarters: Omaha, Nebraska.
|Employees: 331,000.
|Years on Fortune 500 list: 22.
|Related: NU's top 100 premium rankings [groups andcompanies]
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