Tompkins Financial TMP Payment to Acquire Life Insurance Policy, Investing Activities
Payment to Acquire Life Insurance Policy, Investing Activities at other companies
Other financials
Where this comes from
Reported directly by Tompkins Financial in its filing.
Tagged under the XBRL concept us-gaap:PaymentsToAcquireLifeInsurancePolicies.
The official record: Tompkins Financial’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Tompkins Financial's payment to acquire life insurance policy, investing activities?
- Tompkins Financial (TMP) reported payment to acquire life insurance policy, investing activities of $2K in Q1 2026.
- What does payment to acquire life insurance policy, investing activities mean?
- This reflects cash outflows for the purchase or premium payments of corporate-owned life insurance (COLI) policies. These policies are often utilized by financial institutions as a tax-advantaged investment vehicle to offset the costs of employee benefit programs. It indicates the company's allocation of capital toward long-term financial assets.