Kelly Services KELYB Bank owned life insurance
Bank owned life insurance at other companies
Other financials
Where this comes from
Reported directly by Kelly Services in its filing.
Tagged under the XBRL concept us-gaap:LifeInsuranceCorporateOrBankOwnedAmount.
The official record: Kelly Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Kelly Services's bank owned life insurance?
- Kelly Services (KELYB) reported bank owned life insurance of $283M in Q1 2026.
- How has Kelly Services's bank owned life insurance changed year-over-year?
- Kelly Services's bank owned life insurance increased by 11.5% year-over-year, from $253.8M to $283M.
- What is the long-term trend for Kelly Services's bank owned life insurance?
- Over 2 years (2023 to 2025), Kelly Services's bank owned life insurance has grown at a 12.2% compound annual growth rate (CAGR), from $230.3M to $289.7M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies held by the company on the lives of its employees or executives. It serves as a long-term financial asset that can provide tax-advantaged growth and liquidity to offset future benefit obligations. Investors monitor this to assess the company's use of corporate-owned insurance as a strategic investment vehicle.