U.S. bank holding companies increased their total insurance revenue 9.5 percent to $23.7 billion in the first half of 2008 from $21.7 billion during the same period in 2007, a new report says.
However, the number of bank holding companies reporting insurance income decreased slightly, according to findings by Michael White Associates bank insurance consulting firm in Radnor, Pa., and the American Bankers Insurance Association in Washington.
Total insurance income for the top three in the first half was: CitiGroup, $1.69 billion; Wells Fargo & Company, $1.05 billion and BB&T Corp., $448 million.
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