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

Life Health > Annuities

VA Sales, Assets Down In First Quarter: NAVA

Your article was successfully shared with the contacts you provided.

Net flows of cash into variable annuities reached $5.1 billion during the first quarter, down from $7.2 billion in the first quarter of 2008, according to a survey by NAVA Inc.

NAVA, Reston Va., reported these figures in its first quarterly report on the VA market of 2009.

VA net assets fell to $1.1 trillion by the end of the quarter, down from $1.4 trillion a year earlier.

Total sales also fell from $42 billion last year to $30 billion in the period.

Sales were comprised of $21 billion in qualified sales and $9 billion in non-qualified.

According to NAVA, 42.1% of total assets were in equity, while 27.6 % were in fixed accounts.


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