First Quarter 2012 Indexed Insurance Sales
May 21, 2012 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 1st Quarter 2012 shows first quarter 2012 indexed annuity sales were $8071 million, compared with sales of $7115 million for the first quarter of 2011. First quarter indexed annuity sales were down nearly 3.00% when compared with the previous quarter, and up nearly 14.00% when compared with the same period last year.
Total 1Q2012 indexed annuity sales were $8,071,344,360.
The top ten indexed annuity carriers for the first quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. Fidelity & Guaranty Life
5. GAFRI
6. Midland National Life
7. Jackson National Life
8. Security Benefit Life
9. North American Company
10. ING
Average Commission
The average agent commission was 6.52%.
Leaders by Channel
Agency- Allianz Life
Bank- Jackson National Life
Wirehouse- ING
Career- Aviva
Indexed Life
Sales of indexed life for the first quarter of 2012 were $255 million, compared with sales of $191 million for the first quarter of 2011. First quarter indexed life sales were down over 20% when compared with the previous quarter, and up nearly 34% as compared to the same period last year. This quarter’s sales are only exceeded by the record level of sales in the fourth quarter of 2011.
Total 1Q2012 indexed life sales were $255,917,362.
The top ten indexed life carriers for the first quarter:
1. Aviva
2. AXA Equitable
3. AEGON Companies
4. Pacific Life Companies
5. Allianz Life
6. National Life Group (NL/LSW)
7. Minnesota Life
8. Penn Mutual
9. National Western Life
10. American General Life Companies
Average Target Premium
The average target premium paid was $7,702.00.
Leaders by Channel
Agency- Pacific Life Companies
Bank- Nationwide
Wirehouse- Pacific Life Companies
Career- Ameritas
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