Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Annuities > Variable Annuities

VA Assets, Sales Starting To Recover

Your article was successfully shared with the contacts you provided.

NU Online News Service, Feb. 26, 2:29 p.m. – The combined net assets of U.S. variable annuities shrank 7.7% in 2001, to $893 billion, according to the National Association for Variable Annuities, Reston, Va.

Total new VA sales fell 9.2%, to $28 billion.

But variable annuities have showed some signs of making a comeback.

VA assets actually increased 8.5% between the beginning and end of the fourth quarter, and fourth-quarter sales were up 2.3% from third-quarter sales, NAVA says.

The stock market volality has had a noticeable effect on annuity holder investment stragies.

The share of VA assets held in stock accounts fell to 59% of total assets at the end of 2001, from 65% a year earlier, while the share in fixed accounts increased to 22%, from 19%.

The share in balanced accounts held steady at 8.4%.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.