Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities > Fixed Annuities

LIMRA: Annuity Sales Rise

X
Your article was successfully shared with the contacts you provided.

U.S. individual annuity sales increased 4% in the second quarter, to $68 billion.

Researchers at LIMRA International, Windsor, Conn., have reported that estimate in a summary of results from a survey of 59 insurers that account for 95% of total U.S. annuity sales.

Sales of variable annuities fell 12%, to $42 billion, but fixed annuity sales increased 46%, to $26 billion.

Sales of indexed annuities increased only 5%, to $6.8 billion, but sales of market value adjusted fixed annuities soared 118%, to $3.7 billion.

Sales of book value fixed annuities increased 91%, to more than $12 billion, LIMRA researchers report.

Fixed immediate annuity sales rose 25% to $2 billion.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.