Winston-Salem, N.C.-based bank BB&T said revenue from itsinsurance operations, which include wholesale broker CRC InsuranceServices, increased by 17.9 percent in the second quarter over thesame period last year.
|BB&T said insurance commissions rose $32.5 million, from$181.6 million for the second quarter of 2005 to $214.1billion.
|The company said the increase was based upon growth incommissions from the sale of property-casualty coverage andimproved sales of employee benefits-related insurance products.
|The bank reported net income for the quarter increased 11percent, or $42.3 million, going from $386.8 million, or 70 cents ashare, to $429.1 million, or 79 cents a share.
|For the six months, net income rose 10 percent, or $78.4million, from $782.2 million, or $1.42 a share in 2005, to $860.6million, or $1.59 a share.
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