First quarter indexed annuity sales were down nearly 5.0 percent when compared to the previous quarter, but up nearly 5.0 percent when compared with the same period last year. Total first quarter sales topped $11.3 billion.
“Indexed annuity sales began the year with sales greater than any other first quarter has in the history of the product line,” said Sheryl J. Moore, President and CEO of both Moore Market Intelligence and Wink, Inc., who compiled the data.
Highlights for the first quarter include:
* Allianz Life maintained its position as the top carrier in indexed annuities, with a market share of 20.3 percent. American Equity Companies held its position in the second spot in the market; others in the top five include Security Benefit Life, Great American Insurance Group, and Athene USA.