Two More Minnesota Companies Added to Fortune 500 List

3 Jun 2021

News

Minnesota had another strong showing on the annual Fortune 500 list. In the 2021 list, 18 Minnesota companies made the cut, up from 16 a year ago.

Each year, Fortune magazine ranks the top U.S. companies by annual revenue. Minnetonka-based health insurance giant UnitedHealth Group held on to its spot in the top 10, landing in fifth place. In 2020, the company’s revenue hit $257.1 billion.

“While widespread layoffs led to a decline in the number of individuals covered by its commercial insurance, [UnitedHealth’s] 6.2 percent revenue growth was powered by greater enrollment in its Medicare Advantage and Medicaid plans, and by the strong performance of Optum, its sprawling $136 billion health services business,” Fortune staff noted.

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