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
ThinkAdvisor

Life Health > Annuities > Variable Annuities

Nationwide Reports Strong Wirehouse Sales

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, May 14, 11:37 a.m. – Nationwide Financial Services Inc., Columbus, Ohio, says its first-quarter sales through wirehouses and regional brokerage firms were strong.

Total sales reached $503 million, up 37% from the first quarter of 2001, Nationwide says.

Nationwide gets the majority of its wirehouse and regional brokerage sales from individual variable annuities. Individual variable annuity sales increased 55%, to $324 million, Nationwide says.

The securities brokerage channels also generated $129 million from the sale of pensions; $33 million from the sale of fixed annuities; and $17 million from the sale of variable life insurance.


NOT FOR REPRINT

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