Net flows of cash into variable annuities rose to $8.9 billion during the fourth quarter of 2007, up from $5.2 billion in the fourth 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 fourth quarter, up 8.4% from the total recorded a year earlier.