Total fourth quarter indexed annuity sales were $8.4 billion, down three percent from the previous quarter but up two percent when compared to the same period last year.
The results, found in AnnuitySpecs.com’s Fourth Quarter, 2012 Indexed Sales Results released on Monday, March 18, were buoyed by the fact that annuity sales in 2012 set their fifth consecutive record.
AnnuitySpecs.com (AnnuitySpecs) a third-party market research firm specializing in indexed annuity and indexed life tools and an arm of Moore Market Intelligence, examined 44 indexed annuity carriers for the 62 edition of their “Indexed Sales and Market Report.”
The report, which represents 99 percent of indexed annuity production found Allianz Life to once again be the number one carrier in the indexed annuity marketplace, capturing 14 percent of the total market share. Security Benefit Life, advanced from last year to reach the second position. American Equity, Aviva, and Jackson National Life rounded out the top five respectively.
For the second consecutive quarter, Security Benefit Life’s Total Value Annuity was the top selling indexed annuity.