BOLI Assets Edge Higher

Total U.S. bank-owned life insurance assets increased to about $136 billion in the first quarter, up from $134 billion in the first quarter of 2009.

Total U.S. bank-owned life insurance (BOLI) assets increased to about $136 billion in the first quarter, up from $134 billion in the first quarter of 2009.

Michael White Associates L.L.C., Radnor, PA., has published those figures in an analysis of data from 951 large top-tier bank holding companies with assets greater than $500 million and 7,932 commercial banks, thrifts and Federal Deposit Insurance Corp.-supervised savings banks that were operating March 31.

BOLI assets increased 2% at all financial institutions studied, 1.8% at large bank holding companies and 1.6% at banks without bank holding companies.