NU Online News Service, 5/24/2011
U.S. bank-owned life insurance (BOLI) assets increased 5.8% in 2010, to about $142 billion.
Michael White Associates L.L.C. (MWA), Radnor, Pa., has reported those figures in a summary of results from an analysis of data from 911 large bank holding companies and 7,657 commercial banks, savings banks, and savings associations.
About 81% of the large bank holding companies had BOLI assets in 2010, and their BOLI assets increased 5.9% during the year.
Only 31% of stand-alone banks had BOLI assets, but their BOLI assets grew 25%.
About 46% of savings associations had BOLI assets; their BOLI assets fell 1.3%.
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