A new report from Wink, Inc., the 69th edition of Wink’s Sales & Market Report, which took into account 99.8 percent of indexed annuity production and with 47 indexed annuity carriers as participants, reveals that the market can easily do over $45 billion in sales by the end of this year.
A total of $11.4 billion in sales for Q3 of 2014 made its way into the books as the third quarter sales of indexed annuities that has been “greater than they have been in any full year with the exception of 2013’s record-setting sales,” according to Sheryl J. Moore, president and CEO of Moore Market Intelligence and Wink, Inc. (Click on the image below to enlarge view)
The report highlights for indexed annuities include:
- Allianz Life maintained its position as the number one carrier of indexed annuities with a market share of 26.8 percent and with its Allianz 222 Annuity as the number one selling indexed annuity for the quarter.
- American Equity Companies recaptured their prior ranking as the number two carrier in the market
- And Security Benefit Life, Great American Insurance Group, and Athene USA followed-up in sales, rounding-out the top five
See also: The insanity in indexed annuity sales growth