![]() The company issued a news release when it first reappeared on the prestigious list in June 2022 at no. UFP is an acronym for Universal Forest Products. It went public in 1993 and, until last year, hadn't been in the Fortune 500 since 1994. UFP Industries is a wood products manufacturer founded in 1955. It has been a standalone company since 2021, when it was split off from London-based insurance firm Prudential Plc in a "demerger" of the British firm's U.S. Jackson Financial sells annuities and life insurance including through its subsidiary Jackson National Life Insurance Co. Two recent Michigan additions to the Fortune 500 list are Lansing-based Jackson Financial and Grand Rapids-based UFP Industries. Rocket Companies did not respond to a message seeking comment for this story. ![]() 500 company this year, annual revenue was $7.2 billion.Įmployee headcount also dropped year-over-year for Rocket to about 18,500 from 26,000. And since mortgage rates began rising in early 2022 from what had been historic lows, the entire mortgage industry has been in a slump.Īs a result, Rocket Companies' reported revenue fell to $5.8 billion in 2022 from $12.9 billion in 2021 - and that was too low to make the latest list. The biggest company under the umbrella, Rocket Mortgage, formerly known as Quicken Loans, is in the highly cyclical mortgage business. Rocket Companies is the publicly trade corporate parent of multiple Dan Gilbert companies. 194 in 2021, but is now absent from the list. Detroit-based Rocket Companies, which is Detroit's largest employer based on number of employees working in the city, ranked No. There is one less Michigan company on the list this year.
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