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Life Health > Running Your Business

Leading Bank Agencies Excel In Earnings: ABIA

By Staff Writer

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The top 25 bank-owned insurance agencies reported earnings margins last year 11% higher than the average of all bank agencies, according to a new report.

The average bank agency in 2009 had an earnings margin before interest, taxes, depreciation and amortization of 19.6%, compared to 30.6% for the top 25 bank agencies, according to the report on third-quarter bank insurance agency results by the American Bankers Insurance Association, Washington, and Marsh, Berry & Company Inc., Willoughby, Ohio.

“To improve profitability, it is critical that bank agencies understand the relationship between profitability and productivity compared to peer agencies,” observes Marsh Berry in a report on the findings.

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