Axa insurance rank 14 on fortune 500 Magazine, best company 2011 : The French insurance company wants to focus on growth outside of the European market. The company plans to increase earnings in emerging markets by 250% by 2015. Specifically, AXA wants to grow its presence in Asia, Latin America and the Mediterranean region.
Rank: 14 (Previous rank: 9)
CEO: Henri de Castries
Employees: 102,957
Address: 25 Ave. Matignon
Paris 75008
Country: France
Website: www.axa.com
The strategy is costing AXA in the short term -- net income decreased by 26% to roughly $4 billion, largely due to the sale of its UK Life operations. Aside from that sale, however, net income at AXA increased by about $6.3 billion in 2010.
No comments:
Post a Comment