Large bank holding companies and stand-alone banks reported $120 billion in bank-owned life insurance assets in 2007, up 16% from the 2006 total.
Researchers at Michael White Associates, Radnor, Pa., have published those figures in the firm’s 2008 edition of the BOLI Holdings Report.
The report gives the cash surrender values of the life insurance policies that banks and bank holding companies hold on bank and BHC employees.
The report also gives the ratios of cash surrender values to capital.