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By 
March 06, 2018 at 04:33 PM
Annuity considerations revenue at U.S. life and fraternal insurers fell 5.9% in 2017, to $238 billion, according to a new ranking table created by the National Association of Insurance Commissioners.
The top three players in the market in 2016 — Jackson National, American International Group Inc., and TIAA — held on to their top rankings in 2017. Annuity considerations, or customer payments, at those companies fell less than for the market as a whole.
But year-over-year changes in annuity considerations varied widely from company to company, and from position to position, in the NAIC ranking tables.
(Related: 4 of the Top 5 Life Insurers Increased 2017 Revenue: NAIC)
The term “annuity considerations” refers to the premiums and other payments customers make for annuities.
The new NAIC table includes considerations for individual annuities, the group annuities used in pension plans, and other types of annuities, not just considerations for individual annuities.
Jackson National was the top-ranked issuer both in 2016 and in 2017. Its annuity considerations fell 1.1% between 2016 and 2017, to $18.6 billion.
Annuity considerations fell 4.9% at AIG, to $15.43 billion, and rose $2 billion at TIAA, to $15.41 billion.
