Life insurers may be having a harder time building U.S. retirement assets than other types of financial services providers are.
The apparent gap shows up in new first-quarter figures from the Investment Company Institute.
Retirement services providers of all kinds were managing a total of $26.1 trillion in assets at the end of the quarter, up 8.5% from the total ICI recorded a year earlier.
The value of annuity assets held outside of retirement accounts increased 5.8%, to $2.1 billion.
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Consumers had the largest share of their retirement assets, or about 31% of the total, inside individual retirement accounts. The value of IRA assets of all kinds increased about 10%, to $8.2 trillion.