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LIMRA Finds More Concentration in VA Market

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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.



CORRECTION: Due to an editing error, an earlier version of this article described the period covered by the LIMRA market concentration figures incorrectly. The period is the first half of the year.


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