These 15 Connecticut Companies Ranked in the 2022 Fortune 500

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Fifteen Connecticut-based companies ranked on the 2022 Fortune 500 list of the largest companies in the United States, which was released on Monday – one more than the state’s number of entries last year.

The companies were ranked by their revenue in fiscal year 2021 – with a revenue threshold of $6.4 billion for this year’s list, up 19% from last year. Bloomfield-based health insurer Cigna again ranked first among Connecticut companies, ranking 12th this year, with revenues of about $174 billion in 2021.

Greenwich-based warehouse operator GXO Logistics, created last year through its spin-off from Greenwich-based XPO Logistics, was the only Connecticut-based newcomer to this year’s list. It debuted at No. 430.

In total, this year’s Fortune 500 companies account for two-thirds of US gross domestic product, with about $16 trillion in revenue, $1.84 trillion in profits, and about $37 trillion in market value. . Cumulatively, these 500 companies employ 29.7 million people worldwide.


Here is an overview of Connecticut-based companies on the 2022 Fortune 500:

#12: Cigna, Bloomfield, $174.078 Billion (Fortune 500, Company, HQ, 2021 Revenue)

Cigna continues to rank first among Connecticut companies in the Fortune 500. As one of the largest health insurance companies in the world, it had approximately 186 million customer relationships at the end of 2021, an increase 7% year over year. At the same time, it ranks among the largest corporate employers, with over 74,000 employees worldwide.

“For 150 years, Cigna and thousands of our employees and their families have proudly called Connecticut home,” Cigna said in a statement. “We remain committed to growing our business and delivering long-term value to our clients, customers and communities – here and around the world – and we are honored to have this commitment recognized by our Fortune 500 placement.”

No. 69: Charter Communications, Stamford, $51.682 billion

Highlighting its growth over the past few years, Spectrum-branded cable, phone and internet service provider last year opened a two-building headquarters covering more than 900,000 square feet. The new hub at 400 Washington Blvd., next to the downtown Stamford Metro-North railroad station, replaced Charter’s former headquarters a few blocks away at 400 Atlantic St.

No. 160: Hartford Financial Services Group (The Hartford), Hartford, $22.390 billion

In 2021, the P&C insurer rebuffed several takeover attempts by another insurer, Chubb.

Unrelated to this saga, The Hartford’s Connecticut roster has dropped 10% in the past year.
a trend that reflects the rise of remote working.

No. 212: Stanley Black & Decker, New Britain, $17.253 billion

1. Walmart (10th consecutive year at No. 1, generating $5.1 trillion in cumulative revenue during that time)

2. Amazon.co.uk

3. Apple

4. CVS Health

5. UnitedHealth Group

6. Exxon Mobil

7. Berkshire Hathaway

8. Alphabet letters

9. McKesson

10. Amerisource Bergen

Source: Fortune


Stanley Black & Decker’s deal pipeline was active in 2021, as it announced last December that it would sell most of its security business to Sweden’s Securitas AB for $3.2 billion. The activity has extended into 2022, with the company announcing a deal last month to sell its automatic door division for $900 million to Irish firm Allegion.

No. 236: Synchrony, Stamford, $15.752 billion

In 2021, the nation’s largest retailer and private label credit card provider made its first chief executive change since its 2014 split from GE. Margaret Keane retired as CEO and became executive chairman, while chairman Brian Doubles was promoted to CEO.

#254: Otis Worldwide, Farmington, $14.298 billion

The maker and repairer of elevators, escalators and moving walks made its second appearance on the Fortune 500, following its 2020 spin-off from United Technologies Corp.

President and CEO Judy Marks is one of 44 women to currently serve as CEO of a Fortune 500 company and the only woman to lead one of the companies headquartered in Connecticut on this year’s list.

#291: XPO Logistics, Greenwich, $12.806 billion

The split last year from warehouse operator GXO Logistics highlighted XPO’s ongoing transformation. The restructuring continued this year, with the company selling its intermodal freight business for $710 million and announcing a plan to spin off its truck brokerage business.

No. 340: Booking Holdings, Norwalk, $10.958 billion

Among Connecticut-based companies, the travel service provider made the biggest year-over-year jump on the Fortune 500, jumping 84 positions from its 2021 ranking. It was carried by a tourism and business travel recover in 2021 after being hit hard in 2020 during the first year of the COVID-10 pandemic.

No. 341: Amphenol, Wallingford, $10.876 billion

The electronics maker’s business in 2021 was marked by its $1.7 billion acquisition of MTS Systems, a specialist in test systems, motion simulators and precision sensors, and its $715 million acquisition. dollars from Halo Technology, a supplier of fiber optic components for the communications infrastructure markets.

No. 357: Emcor Group, Norwalk, $9.904 billion

Emcor’s gains in 2021 included U.S. services revenue growth for Electrical Construction and Installation, Mechanical Construction and Installation, Construction Services and Industrial Services.


No. 363: United Rentals, Stamford, $9.716 billion

Earlier this year, the world’s largest equipment rental company recommitted to Stamford by signing a new lease for its head office. United will lease more than 51,000 square feet at First Stamford Place until 2030.

No. 371: WR Berkley, Greenwich, $9.456 billion

Property and casualty insurer WR Berkley’s revenue growth last year included a slight increase in written premiums and higher gains on investments.

Berkley recently agreed to sell the London skyscraper that houses its European headquarters for around $960 million, but the company has not signaled it will vacate the building.

No. 430: GXO Logistics, Greenwich, $7.940 billion

Spun off last year from XPO Logistics, GXO is now an independent company that ranks among the global warehouse operators. It employs around 120,000 people at more than 900 sites worldwide.

No. 471: Xerox Holdings, $7.038 billion

Among the workplace tech provider’s deals in 2021, it acquired augmented reality company CareAR. It then announced a combination of CareAR with its existing DocuShare and XMPie businesses to create a system that supports field technicians.

No. 499: Frontier Communications, $6.411 billion

Frontier lost 97 positions against its 2021 Fortune 500 ranking, the largest year-over-year decline for a Connecticut-based company that did not build a business. After emerging from bankruptcy last year, the company is focusing on high-speed internet service delivered by fiber optic cable.

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