Two More Minnesota Companies Added to Fortune 500 List
June 3, 2021
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.