Anbang Insurance Hits Fortune 500 List at No. 139
Top 20 insurance company worldwide
No. 33 among 115 Chinese companies on the list
Beijing, China, Jul 20, 2017---Anbang Insurance Group (“Anbang”) made its debut in the 2017 Fortune 500 list, ranking 139 overall. Anbang placed 33rd among 115 Chinese companies that made the list this year, and 20th among insurance companies worldwide. The ranking reflects that Anbang has become a competitive insurance company with roots in China that strictly abides by international regulations, after 13-years of continuous growth.
The Fortune 500 list released each year by Fortune magazine ranks companies primarily by annual revenue, and counts among the most respected and authoritative ranking in the world. The newly released list ranks Anbang 33rd among 115 Chinese companies featured on the list, with reported 2016 annual revenue of $ 60.8 billion. The debut demonstrates Anbang’s strong momentum and growth potential, and also its ambition to grow steadily and innovatively under its customer oriented philosophy which aims to create value for clients globally.
Mindful of government policies and regulatory requirements, Anbang has adjusted its strategy and global footprint to gain sustainable growth in life insurance and asset management since 2016 amid a changing environment. The company will continue to develop protection-style insurance products and provide more efficient and comprehensive services to clients, while also applying digitalization and internet techniques to drive innovation in the insurance sector.
“The honor of becoming a Fortune Global 500 company goes to all of our 30,000 employees around the world, in turn, it will serve as a great motivation to all the staff of Anbang. We’re committed to our philosophy of ’One Client, All-around Service’, to continually provide suitable insurance solutions in the internet era, and ultimately help clients to realize their dreams and achieve a better life,” an executive of Anbnag said.