U.S. variable annuities attracted $7 billion more in cash than they lost during the first quarter, up from a net inflow of $4.8 billion for the first quarter of 2005.

The National Association for Variable Annuities, Reston, Va., has published that data in a report based on its quarterly VA sales survey.

The percentage of cash flowing into equity options increased to 59.6%, from 55.2%, while the share going into fixed accounts fell to 21.3%, from 24.8%, according to NAVA.