Second Quarter 2011 Indexed Insurance Sales
August 15, 2011 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 2nd Quarter 2011 shows second quarter 2011 indexed annuity sales were $8273 million compared with sales of $7141 million for the previous quarter. Second quarter sales were up nearly 16% when compared with the previous quarter and down just over 1% when compared with the same period one year ago.
Total 2Q2011 indexed annuity sales were $8,273,701,564.
The top ten indexed annuity carriers for the second quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. GAFRI
5. North American Company
6. Lincoln National Life
7. ING
8. Midland National Life
9. Jackson National Life
10. National Western Life
Average Commission
The average agent commission was 6.65%.
Leaders by Channel
Agency- Allianz Life
Bank- Lincoln National Life
Wirehouse- ING
Career- Aviva
Indexed Life
Indexed life sales were $224 million compared with sales of $194 million for the previous quarter. Second quarter sales were up more than 17% when compared with the previous quarter and up over 35% when compared with the same period one year ago. This was a record-setting quarter for indexed life sales.
Total 2Q2011 indexed life sales were $224,126,644.
The top ten indexed life carriers for the second quarter:
1. Aviva
2. Minnesota Life
3. AXA Equitable
4. Pacific Life Companies
5. AEGON Companies
6. National Life Group (NLV/LSW)
7. Penn Mutual
8. National Western Life
9. Midland National Life
10. American General Life Companies
Average Target Premium
The average target premium paid was $13,828.
Leaders by Channel
Agency- Minnesota Life
Bank- N/A
Wirehouse- N/A
Career- AXA Equitable
