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.