Regions Bank 2011 Annual Report Download - page 74

Investment Banking/Brokerage/Trust
Regions has provided investment banking, brokerage and trust services through Morgan Keegan, a
subsidiary of Regions and one of the largest investment firms based in the South. Due to the pending sale of
Morgan Keegan, Regions has separated these categories into continuing operations, which includes trust and
asset management services to be retained by Regions, and discontinued operations, which includes Morgan
Keegan’s private client, retail brokerage services, fixed-income capital markets and equity capital markets line of
businesses. Prior year disclosures have been adjusted to conform to the 2011 presentation. In 2011, Regions’
Investment Banking/Brokerage/Trust operations reported a loss of $595 million, primarily as the result of a $731
million (net of $14 million income tax impact) non-cash goodwill impairment charge.
Insurance
Regions provides insurance-related services through Regions Insurance Group, Inc., a subsidiary of
Regions. Regions Insurance Group is one of the 20 largest insurance brokers in the country. The insurance
segment includes all business associated with insurance coverage for various lines of personal and commercial
insurance, such as property, casualty, life, health and accident insurance. The Insurance segment also offers
credit-related insurance products, such as term life, credit life, environmental, crop and mortgage insurance, as
well as debt cancellation products to customers of Regions. Insurance activities contributed $25 million of net
income in 2011.
During 2011, minor reclassifications were made from the Banking/Treasury segment to the Insurance
segment to more appropriately present management’s current view of the segments. See Note 22 “Business
Segment Information” to the consolidated financial statements for further information on Regions’ business
segments.
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