Annuity market trackers at the Insured Retirement Institute (IRI) are seeing even more heat in the market-value adjusted (MVA) annuity market than the LIMRA Secure Retirement Institute is.
The LIMRA institute analysts have estimated that overall U.S. sales of individual annuities increased to $63 billion in the fourth quarter of 2018, up 23% from the year-earlier quarter, with MVA annuity sales increasing 36%, to about $3.4 billion.
IRI analysts reported Monday that total annuity sales increased 23.5%, to $59 billion, with MVA annuity sales climbing 61%, to $4.1 billion.
(Related: Book Value Annuity Sales Rise 94%)
LIMRA found that sales of another type of fixed annuity, book value annuities, increased 102%, to $9.9 billion.