Close Close

Life Health > Annuities > Variable Annuities

Nationwide Reports Strong Wirehouse Sales

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.

More on this topic

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.