U.S. bank-owned life insurance (BOLI) assets grew a little in the third quarter of 2017, mainly because of increased use at big and midsize banks.
Total BOLI assets rose to $160.5 billion as of Sept. 30, 2017, according to Michael White Associates.
The BOLI total was up 3.5% from the total Michael White Associates recorded a year earlier.
The percentage of commercial banks, savings banks and savings associations reporting BOLI assets increased to 63.3%, from 61.7%.
Michael White Associates now co-produces its BOLI market updates with Equias Alliance.