Amalgamated Financial Corp. AMAL Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Amalgamated Financial Corp. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Amalgamated Financial Corp.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Amalgamated Financial Corp.'s bank owned life insurance?
- Amalgamated Financial Corp. (AMAL) reported bank owned life insurance of $107.8M in Q1 2026.
- How has Amalgamated Financial Corp.'s bank owned life insurance changed year-over-year?
- Amalgamated Financial Corp.'s bank owned life insurance decreased by 0.8% year-over-year, from $108.65M to $107.8M.
- What is the long-term trend for Amalgamated Financial Corp.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Amalgamated Financial Corp.'s bank owned life insurance has grown at a 0.6% compound annual growth rate (CAGR), from $105.89M to $108.94M.
- What does bank owned life insurance mean?
- The cash surrender value of life insurance policies owned by the bank on the lives of its employees or executives. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit programs. It reflects the bank's long-term strategy for managing benefit liabilities and diversifying its non-interest income sources.