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August 23, 2022 at 03:20 PM
A new LIMRA report shows which life insurers were willing to assume more investment risk as the stock market was churning.
Four life insurers — New York Life, MassMutual, AIG and Athene — each reported more than $5 billion in U.S. individual non-variable annuity sales for the second quarter, according to LIMRA sales survey data for the second quarter
In the second quarter of 2021, just two insurers, AIG and New York Life, sold more than $5 billion in non-variable annuities.
Non-variable annuity sales increased to $8.7 billion, from $5.6 billion, at New York Life; to $7.9 billion, from $2.9 billion, at MassMutual; and to $6.7 billion, from $5.6 billion at AIG.
