AXA Equitable, New York, N.Y., has announced that it ranked first in variable annuity new sales for the full year 2007, with a 20.2% increase in sales and 4.1% improvement in market share over 2006.
“This 2007 achievement was driven by the entire AXA Equitable organization’s sharp and continuous focus on the financial intermediary. We did this by delivering premier retirement planning and protection solutions,” said James Shepherdson, Executive Vice President of AXA Equitable and President of AXA Distributors, the company’s wholesale distribution organization. “To put this achievement and our momentum in perspective, the company’s $15.5 billion in variable annuity sales in 2007 was three times what it was in 2001, representing a 20% compounded annual growth rate over six years.”
All of the company’s distribution channels contributed to making AXA Equitable the leader in U.S. variable annuity sales.