Indexed annuity sales drive AIG to record quarter
August 5, 2014 by Arthur D. Postal
Sales of indexed annuity products drove American International Group’s Retirement Income Solutions Group to another record quarter, Jay Wintrob, CEO and president of AIG Life & Retirement at American International Group, Inc., said today during AIG’s earnings conference call.
A key driver of the increase was the fact that nearly half of AIG index annuity sales in the second quarter included guaranteed lifetime income riders, he said.
The performance of AIG’s life unit prompted CEO Robert Benmosche to say during the conference call today that, “Life and Retirement continues its excellent run, as we’re becoming a stronger and stronger competitor in that space.”
Originally Posted at LifeHealthPro on August 5, 2014 by Arthur D. Postal.
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