Second Quarter 2012 Indexed Insurance Sales
August 22, 2012 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 2nd Quarter 2012 shows second quarter 2012 indexed annuity sales were $8719 million compared with sales of $8071 million for the previous quarter. Second quarter sales were up more than 8% when compared with the previous quarter and up nearly 6% when compared with the same period one year ago. This quarter’s sales were only 0.60% lower than third quarter 2010’s record-setting indexed annuity sales.
Total 2Q2012 indexed annuity sales were $8,719,425,933.
The top ten indexed annuity carriers for the second quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. Security Benefit Life
5. GAFRI
6. Fidelity & Guaranty Life
7. Midland National Life
8. Jackson National Life
9. Lincoln National Life
10. North American Company for Life & Health
Average Commission
The average agent commission was 6.33%.
Leaders by Channel
Agency- Allianz Life
Bank- Jackson National Life
Wirehouse- ING
Career- Allstate Financial (LBL)
Indexed Life
Indexed life sales were $303 million compared with sales of $255 million for the previous quarter. Second quarter sales were up nearly 19% when compared with the previous quarter and up nearly 45% when compared with the same period one year ago. This quarter, sales were second only to the fourth quarter of 2011, in terms of record-setting indexed life sales.
Total 2Q2012 indexed life sales were $303,605,001.
The top ten indexed life carriers for the second quarter:
1. Aviva
2. AXA Equitable
3. Pacific Life Companies
4. AEGON Companies
5. National Life Group (NLV/LSW)
6. National Western Life
7. Allianz Life
8. Penn Mutual
9. Minnesota Life
10. American General Life Companies
Average Target Premium
The average target premium paid was $9,070.00.
Leaders by Channel
Agency- Pacific Life Companies
Bank- Nationwide
Wirehouse- Nationwide
Career- AXA Equitable
