BB&T reported second-quarter earnings from its insurance brokerage unit rose to record levels, and the Winston-Salem, N.C.-based bank holding company reported revenues from all of its fee-based business grew as well.
Commissions from insurance operations in the second quarter grew 7 percent to $229 million, compared with $214 million for the period last year, the firm said.
The bank attributed the commission increase primarily to growth in its market share in the commercial property-casualty and employee benefits lines. The bank noted that large account p-c commissions "increased significantly" from prior periods.
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