SAN ANTONIO – For the first time, USAA appeared in the top 100 of the FORTUNE 500 ®, ranking No. 100 in the annual list released this morning.
“Our commitment to members is the key to USAA’s success,” said USAA CEO Stuart Parker. “Since 1922, we have had the honor to serve America’s military community. This ranking is notable recognition of all USAA employees and a testament to their tireless efforts in meeting the financial needs of generations of military families.”
In its annual Report to Members, USAA reported revenue of $30 billion in 2017, assets of more than $155 billion and net income of $2.4 billion. It also returned $1.5 billion to its members in the form of distributions, dividends, and bank rebates and rewards. USAA has more than 12.4 million members and employs 33,000 people worldwide.
Earlier this year, USAA ranked No. 20 on the FORTUNE® World’s Most Admired Companies® and was recognized by Ethisphere Institute as one of the World’s Most Ethical Companies® for the third consecutive year.
Companies are ranked by total revenues for their respective fiscal years, incorporated and operations in the U.S. and file financial statements with a government agency. More information about the survey, how companies were ranked and the entire list can be found at FORTUNE’s website. The issue will hit newsstands on June 1, 2018.
The USAA family of companies provides insurance, banking, investments, retirement products and advice to over 12 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
FORTUNE® and FORTUNE 500® are registered trademarks of Time Inc. and are used under license. From FORTUNE Magazine, June 1, 2018 ©2018 Time Inc. Used under license.
FORTUNE and FORTUNE World’s Most Admired Companies are registered trademarks of Time Inc. and are used under license. From FORTUNE Magazine, February 1, 2018 ©2018 Time Inc. Used under license.
FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, USAA.
World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
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