WORLD AND U.S. RANKINGS
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FINANCIAL SERVICES

The financial services industry has become increasingly global in scope.


WORLD’S LARGEST FINANCIAL SERVICES FIRMS, 2001 (1)

($ millions)


 

 

 

 

Profits as a percent of

 

 

Rank

Company

Revenues

Profits

Revenues

Assets

Country

Industry
1General Electric$125,913 $13,684 11%3%U.S.Diversified financial
2Citigroup112,02214,126131U.S.Diversified financial
3Allianz85,9291,45320GermanyInsurance
4ING Group82,9994,09951NetherlandsInsurance
5Deutsche Bank66,84015000GermanyBanking
6AXA65,58046610FranceInsurance
7Credit Suisse64,20594110SwitzerlandBanking
8Nippon Life Insurance63,8272,22831JapanInsurance
9American International Group62,4025,36391U.S.Insurance
10BNP Paribas55,0443,59870FranceBanking
11Bank of America Corp.52,6416,792131U.S.Banking
12Aviva52,3184800U.K.Insurance
13Assicurazioni Generali51,39498520ItalyInsurance
14Fannie Mae50,8035,894121U.S.Diversified financial
15J.P. Morgan Chase50,4291,69430U.S.Banking
16UBS48,5032,94760SwitzerlandBanking
17State Farm Insurance46,705-4,996-11-4U.S.Insurance
18HSBC Holding PLC46,4245,406121U.K.Banking
19Morgan Stanley43,7273,52181U.S.Securities
20Dai-ichi Mutual Life Insurance43,1458700JapanInsurance
21Munich Re Group41,89422410GermanyInsurance
22Mizuho Holdings41,445-7,806-19-1JapanBanking
23Fortis40,5282,32761Belgium/NetherlandsBanking
24ABN AMRO Holding39,7032,89371NetherlandsBanking
25HypoVereinsbank39,40584020GermanyBanking
(1) Ranked by revenues. Based on an analysis of companies in the Global Fortune 500.

Source: Fortune. 
LARGEST U.S. FINANCIAL SERVICES FIRMS, 2002 (1)

($ millions)


 

 

 

 

Profit as a percent of revenues 

 

 

Rank

Company

Revenues

Profits

Revenues

Assets

Industry

Employees
1General Electric$131,698$14,11811%3%Diversified financial315,000
2Citigroup100,78915,276151Banking252,500
3American Intl. Group67,7235,51981Insurance81,000
4Fannie Mae52,9014,61991Diversified financial4,700
5State Farm Insurance49,654-2,796-6-2Insurance76,938
6Bank of America Corp.45,7329,249201Banking133,944
7J.P. Morgan Chase43,3721,66340Banking94,335
8Berkshire Hathaway42,3534,286103Insurance146,500
9Freddie Mac39,6635,764151Diversified financial4,000
10MetLife34,0551,60551Insurance48,512
11Morgan Stanley32,4152,98891Securities55,726
12Allstate29,5791,13441Insurance40,300
13Wells Fargo28,4735,434192Banking127,500
14Merrill Lynch28,2532,51391Securities52,400
15Prudential Financial26,79719410Insurance54,086
16New York Life24,72142420Insurance7,500
17American Express23,8072,671112Diversified financial75,400
18Wachovia Corp.23,5913,579151Banking80,778
19Goldman Sachs Group22,8542,11491Securities19,739
20Bank One Corp.22,1713,295151Banking73,685
21Mass. Mutual Life Ins.20,2471,43072Insurance11,797
22TIAA-CREF19,791-137-10Insurance6,467
23Washington Mutual19,0373,896212Banking52,459
24Loews16,89894161Insurance27,820
25Lehman Brothers Hldgs.16,7811,03160Securities12,343
(1) Ranked by revenues.

Source: Fortune.