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Life Health > Annuities > Variable Annuities

VA Sales Up Slightly In 2005: NAVA

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Variable annuity sales for 2005 totaled $133.4 billion, a 1.2% increase from 2004 sales of $131.7 billion, the National Association for Variable Annuities reports.

Net flows for 2005 were $20.5 billion, down 49% from $40.2 billion the year before, according to NAVA, Reston, Va.

The combined net assets of U.S. variable annuities increased to $1.2 trillion at the end of the fourth quarter, up from $1.1 trillion at the end of the fourth quarter of 2004.

VA sales for the fourth quarter totaled $34.4 billion, up almost 10% from around $34.1 billion in the same quarter a year earlier.

Net flows of $5.8 billion for the quarter were down around 29% from the fourth quarter of 2004, when net flows totaled $8.2 billion.

About 62% of the total VA premium flow in the fourth quarter was in qualified plans and the rest was in non-qualified.


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