The top ten variable annuity companies accounted for almost three fourths of total variable annuity sales in 2014, according to new data.
The LIMRA Secure Retirement Institute annuity sales survey reveals that the top ten fixed annuity companies accounted for just over half of total fixed annuity sales in 2014. Jackson National led in total annuity sales in 2014, capturing 10 percent of U.S. individual annuity sales. Massachusetts Mutual Life held the bottom sales slot at $2.7 billion.
Jackson National also led in variable annuity sales, with just over $23 billion in sales. Allianz finished 2014 as the top fixed annuity writer, with sales almost reaching $13 billion. Occupying the 20th positions for variable and fixed annuity sales were, respectively, Massachusetts Mutual Life ($1 billion in sales) and Jackson National ($1.4 billion).