AnnuitySpecs: Q1 Indexed Annuity Sales Off 4%
May 17, 2010 by Linda Koco
That figure is down 4% from $7.1 million in the comparable period in 2009, the firm says. First-quarter sales were also 3% lower than in the fourth quarter of 2009.
Other first-quarter findings:
– The sales leader was Allianz Life, Minneapolis, which produced $1.4 billion in sales.
– The other sales leaders in the top 5 were, in descending order: Aviva, Des Moines; American Equity, Des Moines; Jackson National Life, Lansing, Mich., and ING, Des Moines.
– The top five companies accounted for 62% of first-quarter indexed annuity market share.
The analysis reflects sales results from 43 indexed annuity insurers representing 98% of active indexed annuity companies, AnnuitySpecs.com says. One of the carriers also sells registered indexed annuities.
For earlier AnnuitySpecs.com indexed annuity sales data, please see Why Index Annuity Sales Are Turning Heads and Third-Quarter Stats Pour In.
