Net flows of cash into variable annuities rose to $8.7 billion during the second quarter, up 6.2% from the total for the second quarter of 2006.
NAVA, Reston, Va., is reporting those figures in its latest quarterly report on the VA market.
The positive flow of cash helped increase VA net assets to $1.5 trillion at the end of the second quarter, up 4.6% from the total recorded a year earlier.