The Depository Trust & Clearing Corporation (DTCC) Insurance & Retirement Services (I&RS) released today March and first quarter information on activity in the market for annuity products from its Analytic Reporting for Annuities online information service, which leverages data from the transactions that DTCC processes for the industry. Analytic Reporting for Annuities is a service offering of National Securities Clearing Corporation, a DTCC subsidiary.
DTCC noted among its chief findings that annuity inflows processed by DTCC in March increased by almost 10%, to $7.7 billion from $7 billion in February. Out flows processed in March increased by almost 12% to $6.4 billion from $5.7 billion in February. Net flows were almost unchanged in March, increasing one half of one percent from just under $1.3 billion to just over $1.3 billion.
Inflows and net flows have increased in each of the first three months of 2012, breaking a declining trend in 2011.
Inflows and net flows were down in the first quarter of 2012 compared to the first quarter of 2011. Out flows increased.