Jackson National Life Insurance Company was the top seller of individual annuities in the U.S. in the first quarter, new research shows.
LIMRA, Windsor, Conn., publishes this finding in its top 20 rankings of total, variable and fixed annuity writers for the first quarter of 2013.
The rankings peg Jackson National Life’s sales in the first quarter of this year at $5.3 billion. Jackson Nation is the only carrier to exceed the $5 billion mark. The next four top sellers by carrier include:
Prudential Annuities ($4.3 billion)
MetLife ($3.9 billion)
Lincoln Financial Group ($3.7 billion)
AIG Companies ($3.2 billion)
Turning to variable annuities, Jackson National also takes the number one spot among providers. The company’s VA sales hit $4.6 billion in the first quarter. The runners-up among the top five VA carriers include:
Prudential Annuities ($4.2 billion)
MetLife ($3.5 billion)
Lincoln Financial Group ($3.2 billion)