Current Table

TOP 10 BANK HOLDING COMPANIES BY INSURANCE UNDERWRITING NET INCOME, 2014 (1)
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($000)

Rank Bank holding company State Total insurance
underwriting
net income		 Total net
income/loss		 Insurance net
income as a
percent of total
net income		 2014 Assets
1 Wells Fargo & Company California $704,000 $23,057,000 3.05% $1,687,154,000
2 Citigroup Inc. New York 351,000 7,313,000 4.80 1,842,415,000
3 Ally Financial Inc. Michigan  173,000 1,150,000 15.04 151,828,000
4 American Express Company New York 85,000 5,885,000 1.44 158,588,000
5 BB&T Corporation North Carolina 51,742 2,151,093 2.41 186,810,156
6 Old National Bancorp Indiana 44,832 103,667 43.25 11,647,778
7 Bank of America Corporation North Carolina 34,000 4,833,000 0.70 2,100,265,000
8 The PNC Financial Services Group, Inc. Pennsylvania 18,085 4,184,251 0.43 345,243,081
9 Hilltop Holdings, Inc. Texas 16,615 111,650 14.88 9,238,537
10 The Goldman Sachs Group, Inc. New York 11,000 8,477,000 0.13 853,125,000

(1) Bank holding companies own one or more banks.

Source: Michael White's Bank Insurance Fee Income Report - 2015.

 

Archived Tables

TOP TEN BANK HOLDING COMPANIES IN INSURANCE UNDERWRITING NET INCOME, 2013 (1)
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Rank Bank holding company State Total insurance
underwriting
net income		 Total net
income/loss		 Insurance net
income as a
percent of total
net income		 2013 Assets
1 Wells Fargo & Company California $552,000 $21,878,000 2.52% $1,527,008,000
2 Ally Financial Inc. Michigan 475,000 361,000 131.58 151,167,000
3 Citigroup Inc. New York 413,000 13,673,000 3.02 1,880,081,000
4 Goldman Sachs Group, Inc.  New York 141,000 8,040,000 1.75 909,404,000
5 HSBC North America Holdings Inc. New York 121,912 40,753 299.15 290,013,509
6 American Express Company New York 96,000 5,359,000 1.79 152,988,000
7 Bank of America Corporation North Carolina 85,000 11,431,000 0.74 2,098,613,000
8 BB&T Corporation North Carolina 51,326 1,679,097 3.06 183,005,909
9 JPMorgan Chase & Co. New York 33,000 17,923,000 0.18 2,408,874,000
10 Old National Bancorp Indiana 29,727 100,920 29.46 9,581,797

(1) Bank holding companies own one or more banks.

Source: Michael White Bank Insurance Fee Income Report - 2014.