Analysts at Wink Inc. say sales of indexed annuities and multi-year guaranteed annuity (MYGA) contracts looked great in the second quarter.
Wink has released only preliminary summary statistics for the U.S. deferred individual annuity market for the latest quarter, not the full results.
But the Des Moines, Iowa-based firm says indexed annuity sales were 18% higher than in the second quarter of 2017, and MYGA sales were up 27%.
Sales of traditional fixed annuities were 12% lower, Wink says.
Overall annuity sales were up 20%.
Wink bases its annuity sales reports on a survey of issuers of U.S. deferred individual annuities.
The new, preliminary numbers are based on survey data from issuers that account for about 97% of non-variable annuity sales.
The figures do not include sales results for variable annuities or for immediate annuities.
A traditional fixed annuity as an annuity with a one-year guaranteed fixed crediting rate.