Citizens Financial Group CFG Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

Washington Trust BancorpWASH

$116.91M+3.1%

Bar Harbor BanksharesBHB

$88.73M+6.8%

Independent Bank CorpINDB

$381.23M+25.0%

Webster Financial CorporationWBS

$1.3B+3.0%

Eastern Bankshares, Inc.EBC

$311.39M+50.3%

ECB Bancorp, Inc.ECBK

$15.66M+3.1%

FAQ

What is Citizens Financial Group's bank owned life insurance?

Citizens Financial Group (CFG) reported bank owned life insurance of $3.47B in Q2 2026.

How has Citizens Financial Group's bank owned life insurance changed year-over-year?

Citizens Financial Group's bank owned life insurance increased by 1.8% year-over-year, from $3.41B to $3.47B.

What is the long-term trend for Citizens Financial Group's bank owned life insurance?

Over 5 years (2020 to 2025), Citizens Financial Group's bank owned life insurance has grown at a 14.4% compound annual growth rate (CAGR), from $1.76B to $3.44B.

What does bank owned life insurance mean?

Bank Owned Life Insurance (BOLI) is a life insurance policy purchased by the bank on the lives of its employees, where the bank is the beneficiary. It is used as a tax-advantaged investment to offset the costs of employee benefit programs. The cash surrender value of these policies is recorded as an asset, providing a stable, long-term return.