Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Economy & Markets > Fixed Income

BHC Insurance Income Rises 10%

Your article was successfully shared with the contacts you provided.

Bank holding company insurance brokerage fee income jumped to $3.3 billion in the first quarter, up about 10% from $3 billion in the first quarter of 2009.

Michael White Associates (MWA), Radnor, Pa., says 60% of 951 large BHCs studied have insurance brokerage units.

When MWA looked at the top 100 BHC insurance brokerage income generators, it found that 38 showed income growth and only 7 suffered a drop greater than 2%.

The top BHC brokerage income generators were Wells Fargo & Company, San Francisco, with $531 million in fees, up from $483 million a year earlier; Citigroup Inc., New York, with $247 million in fees, down from $250 million; and BB&T Corp., Winston-Salem, N.C., with $225 million in fees, down from $227million.



© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.