U.S. sales of individual fixed annuities rose to about $19 billion in the first quarter, up 6% from the total for the first quarter of 2010.
Beacon Research Publications Inc., Evanston, Ill., has published those figures in its latest quarterly review of the U.S. fixed annuity market.
Beacon believes sales of indexed annuities increased 0.2%, to $7.1 billion, the firm says.
Sales of market-value-adjusted annuities increased 7%, to $1.4 billion, and sales of book value annuities increased 12%, to $8.6 billion.