Connecticut Is Home to 18 Fortune 500 Companies

Even though the state is suffering a huge loss with the move of General Electric from Fairfield to Boston, Connecticut still remains home to an impressive number of Fortune 500 companies.

A total of 18, in fact, and 19 if you add GE.

“Connecticut has increased its share of Fortune 500 companies over the last five years, and has the most per-capita in the country,” says state Senate Majority Leader Bob Duff (D-25th) in a statement sent to Patch. “Since 2011, Connecticut has attracted Cigna from Pennsylvania, Charter Communications from Indiana, XPO Logistics from Michigan and Starwood Resorts and Hotels from New York. Connecticut must continue to attract and promote top-tier businesses, which is why we passed legislation that focuses on high-growth firms that have the potential to become the Fortune 500 companies of the next generation.”

• Get Patch's Daily Newsletter and Real Time News Alerts

With annual revenues of $140.4 billion, General Electric would far and away dominate the Connecticut list, and is #11 out of 500. It more than doubles the revenues of the next largest Fortune 500 company in Connecticut, United Technologies with revenues of $61 billion.

Next in the state are healthcare giants Aetna ($60.3 billion) and Cigna ($37.9 billion), followed by document technology company Xerox ($18.6 billion) and financial services company known as The Hartford ($18.4 billion).

On the overall list, Walmart is number one with revenues of $482.1 billion, followed by Exxon Mobil with $246.2 billion and Apple with $233.7 billion.

To come up with the list, Fortune used the following methodology, which reads in part:

Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency.

Below is the list of the 18 Fortune 500 companies (excluding General Electric) that call Connecticut home. The first number is their ranking on the full Fortune 500 survey. Each company name is hyperlinked to the corresponding profile from Fortune. Click here to view the full Fortune 500 list.

45.          United Technologies Corp. (Farmington), $61 billion
46.          Aetna (Hartford), $60.3 billion
79.          Cigna (Bloomfield), $37.9 billion
150.        Xerox (Norwalk), $18.6 billion
152.        Hartford Financial Services Group (Hartford), $18.4 billion
256.        Stanley Black & Decker (New Britain), $11.2 billion
262.        Praxair (Danbury), $10.8 billion
292.        Charter Communications (Stamford), $9.8 billion
308.        Priceline Group (Norwalk), $9.2 billion
353.        XPO Logistics (Greenwich), $7.6 billion
368.        W.R. Berkley (Greenwich), $7.2 billion
381.        Emcor (Norwalk), $6.7 billion
396.        Terex (Westport), $6.5 billion
419.        Harman International (Stamford), $6.2 billion
440.        United Rentals (Stamford), $5.8 billion
444.        Starwood Resorts & Hotels (Stamford), $5.7 billion
461.        Frontier Communications (Norwalk), $5.6 billion
462.        Amphenol (Wallingford), $5.5 billion

Image via Fortune.com