WORLD RANKINGS 
TOP TEN FINANCIAL SERVICES FIRMS BY REVENUES, 2006 (1)

($ millions)



Financial services industry rank

Company

Global  500 rank
(all industries)

Revenues

Profits

Country

Industry
1General Electric11$168,307$20,829U.S.Diversified financial
2ING Group13158,2749,651NetherlandsInsurance
3Citigroup14146,77721,538U.S.Banking
4AXA15139,7386,380FranceInsurance
5Crédit Agricole18128,4818,976FranceBanking
6Allianz19125,3468,809GermanyInsurance
7Fortis20121,2025,459Belgium/NetherlandsBanking
8Bank of America Corp.21117,01721,133U.S.Banking
9HSBC Holdings22115,36115,789U.K.Banking
10American International Group23113,19414,048U.S.Insurance
(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

INSURANCE COMPANIES

TOP TEN GLOBAL INSURANCE COMPANIES
BY REVENUES, 2006 (1)


($ millions)


Rank

Company

Revenues (2)

Country

Industry
1ING Group$158,274NetherlandsLife/health
2AXA139,738FranceLife/health
3Allianz125,346GermanyProperty/casualty
4American International Group113,194U.S.Property/casualty
5Assicurazioni Generali101,811ItalyLife/health
6Berkshire Hathaway98,539U.S.Property/casualty
7Aviva83,487U.K.Life/health
8Prudential66,134U.K.Life/health
9Zurich Financial Services65,000SwitzerlandProperty/casualty
10State Farm Insurance Cos.60,528U.S.Property/casualty
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.

Source: Fortune.
TOP TEN GLOBAL PROPERTY/CASUALTY INSURANCE COMPANIES
BY REVENUES, 2006 (1)


($ millions)


Rank

Company

Revenues (2)

Country
1Allianz$125,346Germany
2American International Group113,194 U.S.
3Berkshire Hathaway98,539 U.S.
4Zurich Financial Services65,000 Switzerland
5State Farm Insurance Cos.60,528 U.S.
6Munich Re Group58,183 Germany
7Millea Holdings36,067 Japan
8Allstate35,796 U.S.
9Swiss Reinsurance32,118 Switzerland
10Hartford Financial Services26,500 U.S.
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.

Source: Fortune.

TOP TEN GLOBAL LIFE/HEALTH INSURANCE COMPANIES
BY REVENUES, 2006 (1)


($ millions)


Rank

Company

Revenues (2)

Country
1ING Group$158,274Netherlands
2AXA139,738France
3Assicurazioni Generali101,811Italy
4Aviva83,487U.K.
5Prudential66,134U.K.
6Nippon Life Insurance56,624Japan
7CNP Assurances55,584France
8MetLife53,275U.S.
9Aegon45,939Netherlands
10Dai-ichi Mutual Life Insurance40,146Japan
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.

Source: Fortune.

TOP TEN GLOBAL REINSURERS
BY NET REINSURANCE PREMIUMS WRITTEN, 2006


($ millions)


Rank

Company

Net reinsurance premiums written

Country
1Munich Re $25,432.7Germany
2Swiss Re (1)23,841.1Switzerland
3Berkshire Hathaway Re11,576.0U.S.
4Hannover Re 9,353.5Germany
5Lloyd's 8,445.3U.K.
6SCOR (2)4,885.2France
7Reinsurance Group of America Inc.4,343.0U.S.
8Everest Re3,875.7Bermuda
9PartnerRe  3,689.5Bermuda
10Transatlantic Holdings Inc.3,633.4U.S.

(1) Does not reflect full year premiums for GE Insurance Solutions Corp., acquired June 2006.
(2) Based on a pro forma consolidation of SCOR and Revios, acquired in 2006.

Source: Standard & Poors.

  • In 2007 global reinsurance premium written totaled $168.0 billion, up 9.8 percent from $153.1 billion in 2006, according to Standard & Poor’s.

TOP TEN GLOBAL INSURANCE BROKERS BY REVENUES, 2006

($ millions)


Rank

Company

Brokerage revenues (1)

Country
1Marsh & McLennan Cos. Inc.$10,474.0U.S.
2Aon Corp.6,709.0U.S.
3Willis Group Holdings Ltd.2,341.0U.K.
4Arthur J. Gallagher & Co.1,437.8U.S.
5Wells Fargo Insurance Services Inc.1,008.7U.S.
6Brown & Brown Inc.864.7U.S.
7Jardine Lloyd Thompson Group plc847.0U.K.
8BB&T Insurance Services Inc.842.3U.S.
9Hilb Rogal & Hobbs Co.696.0U.S.
10Lockton Cos. L.L.C.657.2U.S.
(1) Gross revenues generated by insurance brokerage, consulting and related services.

Source: Business Insurance, July 16, 2007.
TOP TEN GLOBAL REINSURANCE BROKERS BY REINSURANCE REVENUES, 2006

($000)


Rank

Company

Reinsurance revenues

Country
1Aon Re Global$942,000 U.S.
2Guy Carpenter & Co. L.L.C.880,000U.S.
3Benfield Group Ltd.654,960 (1)U.K.
4Willis Re597,700U.K.
6Towers Perrin165,700U.S.
5Cooper Gay (Holdings) Ltd.133,660U.K.
7Jardine Lloyd Thompson Group P.L.C.118,531 (1)U.K.
8BMS Group74,734 (1)U.K.
9Gallagher Re71,300U.K.
10John B. Collins Associates Inc.64,400U.S.
(1) Fiscal year 2006.

Source: Business Insurance, October 29, 2007.

BANKS

TOP TEN GLOBAL COMMERCIAL AND SAVINGS BANKS BY REVENUES, 2006 (1)

($ millions)


Rank

Company

Revenues

Country
1Citigroup$146,777U.S.
2Crédit Agricole128,481France
3Fortis121,202Netherlands
4Bank of America Corp.117,017U.S.
5HSBC Holdings115,361U.K.
6BNP Paribas109,214France
7UBS107,835Switzerland
8J.P. Morgan Chase & Co.99,973U.S.
9Deutsche Bank96,152Germany
10Dexia Group95,847Belgium
(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

SECURITIES

TOP SIX GLOBAL SECURITIES FIRMS BY REVENUES, 2006 (1)

($ millions)


Rank

Company

Revenues

Country
1Morgan Stanley$76,688U.S.
2Merrill Lynch70,591U.S.
3Goldman Sachs Group69,353U.S.
4Lehman Brothers Holdings46,709U.S.
5Nomura Holdings17,519Japan
6Bear Stearns16,551U.S.
(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

DIVERSIFIED FINANCIAL

TOP FIVE GLOBAL DIVERSIFIED FINANCIAL COMPANIES BY REVENUES, 2006 (1)

($ millions)


Rank

Company

Revenues

Country
1General Electric$168,307U.S.
2Freddie Mac44,002U.S.
3American Express27,145U.S.
4Countrywide Financial24,445U.S.
5Cie Nationale à Portefeuille16,615Belgium
(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

ASSET MANAGEMENT

TOP TEN GLOBAL ASSET MANAGERS BY ASSETS UNDER MANAGEMENT, 2005

($ millions)


Rank

Company

Country

Total third-party assets under management
1Barclays Global InvestorsU.K.$1,400,491
2State Street Global AdvisorsU.S.1,367,269
3Fidelity InvestmentsU.S.1,299,400
4The Vanguard GroupU.S.852,000
5JPMorgan Asset ManagementU.S.782,646
6Capital Research & Management CompanyU.S.756,791
7Deutsche Asset ManagementGermany723,366
8Northern Trust Global InvestmentsU.S.589,800
9UBS Global Asset ManagementSwitzerland536,000
10Alliance Capital ManagementU.S.516,000

Source: Global Investor's annual GI 100 survey of the world's largest managers by third-party assets under management;  http://www.globalinvestormagazine.com; Contact TMoxon@EUROMONEYPLC.COM for permissions.

PRIVATE EQUITY

TOP TEN GLOBAL PRIVATE EQUITY FIRMS BY CAPITAL RAISED, 2002-2007 (1)

($ billions)


Rank

Firm

Headquarters

Capital raised
1The Carlyle GroupWashington, DC$32.5
2Kohlberg Kravis RobertsNew York, NY31.1
3Goldman Sachs Principal Investment AreaNew York, NY31.0
4The Blackstone GroupNew York, NY28.4
5TPGFort Worth, TX23.5
6PermiraLondon21.5
7Apax PartnersLondon18.9
8Bain CapitalBoston, MA17.3
9Providence Equity PartnersProvidence, RI16.4
10CVC Capital PartnersLondon15.7

(1) January 1, 2002 to April 18, 2007.  Capital raised for direct private equity investment over the prior five years.

Source: Private Equity International.

  • Private equity firms generally specialize in buying companies, which they improve and sell to other investors or to the public through an initial public offering.