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TOTAL
BHC INSURANCE REVENUES STEADY IN FIRST HALF OF 2009
October 27, 2009 - Total insurance revenue at the nation’s bank holding companies (BHC) remained steady in the first half of
2009. GMAC (MI), CitiGroup (NY), Wells Fargo & Company (CA), and BB&T Corporation (NC) led all bank holding companies in total insurance fee income, according to findings released today by Michael White Associates
(MWA) and the American Bankers Insurance Association
(ABIA).
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BANK
INSURANCE BROKERAGE FARES WELL IN FIRST HALF 2009
October20, 2009 - Bank holding company insurance brokerage fee income held up relatively well in the first of half
2009, according to the Michael White-Prudential Bank Fee Income
Report. BHC insurance brokerage income basically stayed level at $3.02 billion in second quarter 2009 compared to $3.03 billion in first quarter.
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BANK
ANNUITY FEE INCOME UP, BUT SLOWING IN FIRST HALF 2009
October 14, 2009 - Income earned from the sale of annuities at bank holding companies (BHCs) were 1.7% higher than last
year, rising to $1.33 billion, according to the Michael White-ABIA Bank Annuity Fee Income Report. Second-quarter annuity commissions, however, fell.
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COMMERCIAL
BANK BOLI ASSETS HIT RECORD $115 BILLION IN FIRST HALF 2009
October 6, 2009 - Commercial banks and FDIC-supervised savings
banks reported record bank-owned life insurance (BOLI) assets of $115 billion in the first six months of 2009, reflecting a 2.5% increase from $112.1 billion in the first half of 2008, according to
the Michael White-Meyer-Chatfield BOLI Holdings Report.
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12.5%
BOOST IN BANK INSURANCE PROGRAM PRODUCTIVITY AT MID-YEAR
September 29, 2009 - Annualized bank Insurance Program Productivity™ continued climbing through the first two quarters of 2009 to exceed year-end 2008 productivity by
12.5%, according to the Michael White-Prudential Bank Insurance Fee Income Report.
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15%
HIKE IN BANK HOLDING COMPANIES' INSURANCE FEE INCOME
August 4, 2009 - First-quarter bank holding company
insurance brokerage income of $3.03 billion was up 15.0% from $2.63 billion in fourth quarter 2008, according to the
Michael White-Prudential Bank Insurance Fee Income Report.
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RECORD
BANK ANNUITY FEE INCOME IN 1Q 2009
July 21, 2009 - Income earned from annuity sales at bank holding companies rose 12.4% to a quarterly record of $734.5 million in first quarter 2009, up from $653.3 million in first quarter 2008, according to the
Michael White-ABIA Bank Annuity Fee Income Report.
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BANK
BOLI ASSETS EXCEED $126 BILLION IN 2008
June 8, 2009 - Large bank holding companies
and stand-alone banks reported bank-owned life insurance (BOLI) assets of $126.1 billion in
2008, reflecting a 5.0% increase from $120.4 billion in 2007, according to the 2009 edition of the
Michael White-Meyer-Chatfield BOLI Holdings Report.
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more.
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RECORD
BANK ANNUITY FEE INCOME IN 2008
June 8, 2009 - Income earned from the sale of annuities at bank holding companies (BHCs)
rose 29.0% from $2.02 billion in 2007 to a record $2.61 billion in 2008, according to the
Michael White-ABIA Bank Annuity Fee Income Report.
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ENCOURAGING BANK INSURANCE RESULTS DESPITE ECONOMIC ENVIRONMENT
June 2, 2009 - Bank holding companies with less than $10 billion in assets
experienced a 6.3% increase in their insurance brokerage income, moving from $687.67 million in 2007 to $730.82 million in 2008. In fact, the
Michael White-Prudential Bank Insurance Fee Income Report™ found that 65 of the top 100 BHCs in insurance brokerage income registered increased income in
2008.
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7.2%
INCREASE IN TOTAL INSURANCE REVENUE AT BHCS
May 19, 2009 - The nation’s bank holding companies experienced an increase of 7.2% in their total insurance revenue from $10.15 billion in 2007 to $10.88 billion in 2008, according to a new report from Michael White Associates in conjunction with the American Bankers Insurance Association
(ABIA).
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BHC ANNUITY INCOME UP 32.7%
January 26, 2009 - Bank holding company (BHC) annuity income rose 32.7% from $1.47 billion in the first nine months of 2007 to $1.95 billion in the same period in 2008, according to the
Michael White-Symetra Bank Holding Company Fee Income Report (BHC-FIR).
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BANKING'S SILVER LINING - ANNUITY COMMISSIONS AND FEES ON THE RISE
December 30, 2008 - Bank annuity commissions and fees rose 13.9% to $814.0 million in the first nine months of 2008 from $714.9 million in the first three quarters of 2007, according to the
Michael White-Symetra Bank Fee Income Report (Bank-FIR).
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BANKERS FIND EVEN THEIR BOLI INVESTMENTS ARE AFFECTED BY THE ECONOMIC
DOWNTURN
December 1, 2008 - BOLI assets have become an increasingly sizeable amount of bank and BHC capital, and have generally served the industry and its stakeholders well. In his latest article for Best's Review, Mike White discusses how bankers are finding that even bank-owned life insurance investments are affected by the economic downturn, and any concentration of obligations within an institution's asset structure, including BOLI, could pose a liquidity risk.
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ANNUITY COMMISSIONS HELP COMMUNITY BANKS MAINTAIN INVESTMENT PROGRAM INCOME IN
2Q 2008
October 20, 2008 - U.S. community banks saw their annuity fee income grow 5.5% to $74.1 million in first half
2008, according to the Michael White-LPL Financial Institution Services Report: Community Bank Investment
Programs. “This growth in annuity commissions,” LPL Financial Institution Services Senior Vice President Arthur Osman said, “offset a 5.8% decline in securities brokerage income.”
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INSURANCE REVENUE SOARS 9.5% HIGHER TO $23.7 BILLION AT BANK HOLDING COMPANIES
October 13, 2008 - Total insurance revenue generated by U.S. bank holding companies in the first half jumped 9.5% to $23.7 billion, according to
findings released by Michael White Associates
(MWA) and the American Bankers Insurance Association (ABIA).
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read more of the press release, click here.
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WHITE-SYMETRA REPORT: BANK HOLDING COMPANIES BOOST ANNUITY INCOME BY 40% IN FIRST HALF OF 2008
October 6, 2008 - Bank
holding company annuity income rose 39.6% from $935.9 million in first half 2007
to $1.3 billion in first half 2008, according to the Michael
White-Symetra Bank Holding Company Fee Income Report (BHC-FIR).
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BANK INSURANCE BROKERAGE EARNINGS HIT HIGHEST MID-YEAR LEVEL EVER
September 15, 2008 - Mid-year earnings from bank insurance brokerage hit their highest level ever in the first half of 2008, according to the
Michael White-Symetra Bank Fee Income
Report. Bank insurance brokerage earnings in the first six months of 2008 were $2.12 billion, up 6.4% from $1.99 billion in the first half of 2007.
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BANK ANNUITY COMMISSIONS AND FEES RISE 13.2% TO $539.6 MILLION
September 8, 2008 - Bank annuity commissions and fees rose 13.2% to $539.6 million in the first half of 2008, according to the
Michael
White-Symetra Bank Fee Income Report
(Bank-FIR™). During the same periods, income earned from the sale and servicing of mutual funds and annuities at banks declined 0.9% to $2.84 billion from $2.86 billion.
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COMMUNITY BANK INVESTMENT PROGRAMS OFF TO A BETTER START IN 2008
July 21, 2008 - Community bank investment programs are off to a better start in 2008 thanks to an increase in annuity commissions, according to the
Michael White-LPL Financial Institution Services Report: Community Bank Investment Programs™.
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FIRST QUARTER BHC SECURITIES BROKERAGE INCOME JUMPS
73%
July 14, 2008 - Bank holding company securities brokerage income totaled $4.74 billion in first quarter 2008, up 73% from $2.74 billion in fourth quarter 2007, according to the
Michael White-Symetra Bank
Holding Company Fee Income Report™.
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read more of the press release, click here.
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BANK HOLDING COMPANY INSURANCE BROKERAGE FEE INCOME REACHES NEW HIGH
July 7, 2008 - Bank holding company insurance brokerage fee income was up 3.2% in first quarter 2008 from $3.11 billion in the first quarter of 2007, enough to set a new quarterly record of $3.21 billion, according to the
Michael White-Symetra Bank
Holding Company Fee Income Report™.
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BANK HOLDING COMPANIES’ MUTUAL FUND AND ANNUITY INCOME UP 27.4%
June 30, 2008 - Income earned from the sale and servicing of mutual funds and annuities at bank holding companies (BHCs) rose 27.4% from $4.65 billion in fourth quarter 2007 to $5.92 billion in first quarter 2008, according to the
Michael White-Symetra Bank
Holding Company Fee Income Report™.
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BANK INSURANCE BROKERAGE 1Q EARNINGS HIT SECOND-HIGHEST LEVEL EVER
June 16, 2008 - Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008, according to the
Michael White-Symetra Bank Fee Income
Report. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion.
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BANK MUTUAL FUND AND ANNUITY INCOME UP 2.9%, ANNUITY COMMISSIONS SOAR 18.6%
June 6, 2008 - Income earned from the sale and servicing of mutual funds and annuities at banks rose 2.9% from $1.39 billion in the first quarter of last year to $1.43 billion in first quarter 2008, while bank annuity commissions and fees rose 18.6% to $263.5 million, according to the
Michael White-Symetra Bank Fee Income Report.
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BANK BOLI ASSETS EXCEED $120 BILLION IN 2007
May 12, 2008 - Large
bank holding companies and stand-alone banks reported bank-owned life insurance
(BOLI) assets of $120.4 billion in 2007, reflecting a 15.9% increase from
the previous year, according to the 2008 edition of the
Michael
White BOLI Holdings Report,
sponsored by MullinTBG.
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BANKING'S
TOTAL INSURANCE REVENUE STAYS LEVEL IN 2007
April 15, 2008 - The nation’s bank holding companies experienced an increase of 0.5% in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007, according to findings released today by Michael White Associates (MWA) and the American Bankers Insurance Association (ABIA).
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here.
To
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COMMUNITY BANKS’ INVESTMENT PROGRAMS EARN HALF BILLION DOLLARS IN 2007
April 7, 2008 -
Community bank investment programs earned nearly a half billion dollars in income in 2007, according to the
Michael White-LPL Financial Institution Services Report: Community Bank Investment Programs.
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more of the press release, click here.
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BANK HOLDING COMPANY MUTUAL FUND AND ANNUITY INCOME HITS RECORD IN 2007
March 31, 2008 - Bank holding company mutual fund and annuity income reaped record results, soaring 18% from the previous year to $22.8 billion in 2007,
according to the
Michael White-Symetra Bank
Holding Company Fee Income Report™.
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more of the press release, click here.
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BANKS CONTINUE TO EARN NEAR RECORD-LEVEL INSURANCE BROKERAGE FEE INCOME IN
2007
March 25, 2008 - Bank insurance brokerage fee income hovered near record levels in 2007, reaching a total of $4.04
billion, according to the
Michael White-Symetra Bank
Fee Income Report™.
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more of the press release, click here.
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BANK HOLDING COMPANY INSURANCE BROKERAGE FEE INCOME SLOWS THROUGH THREE QUARTERS OF 2007
January 14, 2008 - Bank holding company insurance brokerage fee income was up 0.6% in the first three quarters of 2007 compared to
2006, according to the
Michael White-Symetra Bank
Holding Company Fee Income Report™.
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more of the press release, click here.
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BANK MUTUAL FUND AND ANNUITY INCOME UP 4.6% IN FIRST NINE MONTHS OF 2007 OVER YEAR-AGO
January 2, 2008 - Income
earned from the sale and servicing of mutual funds and annuities at bank holding
companies soared 18.6% higher during the first three quarters of 2007, according to the
Michael White-Symetra Bank
Holding Company Fee Income Report™.
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more of the press release, click here.
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