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Life Health > Annuities > Variable Annuities

Moving Away From Equities

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This year, there has been a slight but noticeable shift in var-iable annuity assets away from equity subaccounts toward fixed accounts and bonds. Following are variable annuity assets sorted by investment objective as of June 30, 2002.

As a percent oftotal assets6/30/0212/31/01

Equity54.5%58.5%

Fixed Accounts25.222.3