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August 18, 2010 at 08:00 PM
The top 20 life insurers accounted for 92% of variable annuity sales in the second half and 73% of fixed annuity sales.
LIMRA, Windsor, Conn., says total U.S. individual annuity sales fell 7% between the second quarter of 2009 and the second quarter of 2010, to $57 billion.
The top 20 players in the variable annuity market produced $62 billion in sales in the first half, with all players participating in the LIMRA survey producing about $68 billion in first-half sales.
In the fixed annuity market, the top 20 players produced about $30 billion in first-half sales, and all insurers participating in the survey produced more than $40 billion in first-half sales.
