Wednesday, May 14, 2008

 

BOLI Assets Exceed $120 Billion in 2007 According to a Report Issued by Michael White and MullinTBG

Large bank holding companies (BHCs) and stand-alone banks reported bank-owned life insurance (BOLI) assets of $120.4 billion in 2007, reflecting a 15.9% increase from $103.9 billion in 2006, according to the 2008 edition of the Michael White-MullinTBG BOLI Holdings Report. BOLI is used to recover the cost of supplemental employee health insurance benefits and to offset the liabilities of retirement benefits.

BOLI Assets Exceed $120 Billion in 2007 According to a Report Issued by Michael White and MullinTBG
Source: Insurance News Net

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