Good morning and Happy Holidays, Included are updated BOLI statistics as of and through the 3rd Quarter Reporting Period.

We hope you had an enjoyable and relaxing summer!

Good morning, Enclosed are the updated BOLI statistics as of the 1st Quarter 2022 Reporting Period. Total BOLI Cash Value increased another $2.2 Billion during the quarter. General Account BOLI continues to be the product of choice as it contributed $2.1 Billion of the gain.

BOLI investment continues to be an asset of choice for many Banks. The 4 th Quarter of 2021 saw a $4.2 Billion increase in total BOLI cash value representing a combination of growth and new investment.

The BOLI market remains robust with total cash value across the Bank sector increasing $2.4 Billion over the prior quarter.

BOLI investment throughout the banking sector continued its ascent with total policy values increasing a sizeable $4.7 Billion during the quarter. The BOLI market began gaining steam late in the 2nd Quarter of 2020 with no signs of abating any time soon.

BOLI interest and investment activity remains robust as has been the directionand trend since the second half of 2020.

Total BOLI Cash Surrender Value (CSV) increased by $2.1 Billion compared to the linked quarter through a combination of CSV growth and additional investment purchases. General Account BOLI led the way once again experiencing a pick-up of $1.9 Billion.