Net flows of cash into variable annuities fell to $7.5 billion during the second quarter, down from $8.7 billion in the second quarter of 2007.
NAVA, Reston, Va., is reporting those figures in its latest quarterly report on the VA market.
Thanks in part to the positive flow of cash, VA net assets rose to $1.4 trillion at the end of the second quarter, up 0.1% from the total recorded a year earlier.