Index annuity sales were down in the first quarter of 2007, according to the Advantage Index Sales Market Report, issued by Advantage Compendium. The $5.73 billion in sales marked a 9 percent drop from the same period last year and a 4 percent drop from the previous quarter. The top 10 carriers in the first quarter were as follows:

Allianz Life $1,256,508,000
Aviva $925,319,812
OMFN Financial $534,677,607
American Equity $430,760,698
Midland National Life $371,700,000
ING $354,368,060
GAFRI $239,234,000
Equitrust $221,517,475
Jackson National Life $199,007,527
Conseco $196,623,583