Insurance Boosts Banks' Profits

Banks That Sell Insurance Boast 
Significantly Better Bottom Lines

On average, banks that DO sell insurance report a significantly higher net income than banks that do not sell insurance. 

In 2001 (the first year banks began reporting insurance income), banks selling insurance reported an average net income that was more than four times the net income of banks that did not sell insurance.  

In 2002, banks that sold insurance reported an average net income that was more than three times the net income of banks not selling insurance!

(Click on the graph to enlarge.) 

       

 

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